Lake Superior luxury, private beachfront, and proven rental income come together in this rare waterfront offering at 4107 Lake Park Rd, Ashland, WI. This unique property includes a beautifully renovated 2-bedroom, 2-bath waterfront home and a separate remodeled studio cabin, creating the perfect lakeside retreat, investment property, or family compound. The main home offers approximately 1,400 sq ft of living space with stunning lake views, a private sandy beach, expansive decking, and calm protected waters ideal for swimming, kayaking, paddleboarding, and boating. Recent updates include remodeled bathrooms, updated electrical, new flooring, premium wool carpet, new insulation, furnace, deck, encapsulated crawl space, drain tile system, and more. Being sold fully furnished, the home currently generates approximately $3,450/month as a successful rental. The separate 240 sq ft studio cabin features Lake Superior frontage, panoramic views, a full kitchen, bathroom, washer/dryer, and a custom pergola designed for outdoor entertaining. The cabin is also fully furnished and generates approximately $2,450/month in rental income. Located just minutes from Ashland and within easy reach of the Apostle Islands, this turnkey waterfront property offers private beach access, breathtaking views, and approximately $5,900/month in combined rental income potential. Offered as one complete package for $949,000.