Pike Bay resort on Lake Vermilion sold to Wisconsin couple for $2.25M

The couple also owns Boondoggle on Lake Chetek in Wisconsin.

By Staff – February 6, 2025

Pike Bay resort has sold to a Wisconsin couple for $2.25 million.

A certificate of real estate value shows that Pike Bay Lodge at 9422 Hearthside Drive in Tower was bought last month by Scott and Holly Lindsoe, the husband and wife team who have operated Boondoggle on Lake Chetek in Wisconsin since 2021.

The deal was arranged by St. Louis Park-based SVN Northco, operating on behalf of sellers Jay and June Schelde, who bought the resort for $940,000 in 2005 and since expanded it.

A year-round resort, Pike Bay Lodge has been located on Lake Vermillion’s south shore outside of Tower since 1920. Marketing material indicates the main house was built as a summer estate for industrialist A.B. Coates and his family, followed by the log caretaker’s cottage, butler’s bungalow, chauffeur’s quarters and vintage boathouse.

Today the resort features 10 unique cabins that can sleep 6-15 people, and an owner’s/manager’s residence.

Amenities on site include boat rentals, a shop, a clean fish house, a safe sand beach, an on-site boat launch, a dock, boathouse slips with power stations for boat charging, a gas pump, and RV sites.

The sale included 30 acres of land, with a further 21.4 acres available for future development included in the sale price.

The Lindsoes have sold four of the six cabins they had bought at Boondoggle on Lake Chetek, and told Finance and Commerce that smaller resorts are difficult to make profitable unlike a larger resort such as Pike Bay, which also has an expansion opportunity.

The Lindsoes posted a welcome video as new owners of Pike Bay earlier this week.

PHOTO: The Pike Bay Lodge rental cabins at 9422 Hearthside Drive in Tower, Minnesota, have sold for $2.25 million. (Submitted photo: SVN|Northco