Southern Door County resort and marina sold to new owner who plans upgrades
Wave Pointe Marina & Resort was sold for $2.15 million to a company listed as 3600 County Hwy CC Sturgeon Bay, LLC, according to the real estate transaction record on the Wisconsin Department of Revenue website.
A news release from Marcus & Millichap, the commercial real estate brokerage firm that handled the sale, said the new owner, whose address is in Oshkosh, plans to be more actively involved in the resort than its previous owner, Ohio-based The Cadle Company II, Inc., with updates and changes in the works for the 25-year-old property on the shore of Little Sturgeon Bay on the west side of the Door Peninsula. Wave Pointe's new manager is Nancy Bartz, an experienced manager of other Door County resorts, who also said in a video interview on the Let's Go Door County Facebook page that improvements are on the way.
'This was a rare chance to acquire a high-quality waterfront asset from an institutional absentee owner in the highly desirable Door County market,' Jon Ruzicka, managing director investments for Marcus & Millichap, said in the news release. 'Properties of this caliber seldom come to market, making it a particularly notable acquisition. With more engaged ownership now in place, the property is poised for thoughtful updates that will enhance the guest experience and optimize operations.'
Perhaps the most immediate and obvious change is in the resort's restaurant. The former Gilmo's Bar & Bistro is now Harbor House Waterfront Bar & Grill, and Wave Pointe's Facebook page says a new menu is on the horizon.
Located at 3600 County CC, Sturgeon Bay (town of Gardner), Wave Pointe features 24 one- and two-bedroom suites with full kitchens, fireplaces, whirlpool tubs and private balconies, along with a 124-slip marina. Resort amenities include a heated outdoor pool, renovated indoor hot tub and sauna, boater's lounge, onsite restaurant and bar, and retail shop. For more information, call 920-824-5440 or visit wavepointe.com.
This article originally appeared on Green Bay Press-Gazette: Door County waterfront resort sold to new owner who plans upgrades
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