One of Rice Lake's rare legacy waterfront estates. Set along the coveted north shore of Rice Lake, this extraordinary 148-acre property offers approximately 2,000 feet of shoreline where privacy, recreation, aviation, and entrepreneurial opportunity come together. Formerly known as Walton Woods Farm, the estate features rolling fields, productive farmland, forested trails, breathtaking elevated lake views, and portions currently planted in wheat, offering agricultural use and potential income. The charming circa-1800s farmhouse offers five bedrooms, three bathrooms, spacious principal rooms, a main-floor office, and a four-season sunroom with heated floors, providing endless potential to create a remarkable family estate, luxury retreat, boutique accommodation, or wellness destination. The restored century barn is an exceptional space for entertaining, creative pursuits, events, workshops, or future business opportunities, complete with a terrace overlooking the stunning countryside and lake. Privately positioned from the home, the waterfront features a boat launch, excellent boating, fishing, water recreation, and the rare ability to access the property by float plane. A private 1,850-foot runway and aircraft hangar make this an extraordinary offering for aviation enthusiasts seeking direct access to their country retreat. Groomed trails invite hiking, horseback riding, ATV'ing, snowshoeing, and year-round enjoyment of the natural landscape. A truly iconic waterfront estate offering exceptional lifestyle appeal and exciting future potential for agri-tourism, recreation, or other permitted rural ventures, subject to applicable approvals.