281 S Lake STREET, Elkhart Lake, WI, 53020
About This Home
Wake up to lake views & idyllic village setting in this waterfront Elkhart Lake estate, blending historical charm & contemporary living. Enjoy all manner of water sports from your private pier, plus festivals, dining, music, world-class golfing & racing at nearby Road America. The Main Lvl showcases an open LR & Kitchen that spills into a Dining Rm & Den w/commanding views, Main Lvl primary & 2nd Rm/office. Upstairs 2 addtl BRs, Full BA & 3rd Lvl Bonus Rm. The LL offers a Large Fam Rm & full Sun porch for a dreamy indoor/outdoor flow, 2nd Kit, full BA & sauna! 2 stately NFPs & many updates add to the appeal. The boathouse keeps all water toys conveniently within reach. Make this a generational gift to your family. The location is nothing short of exceptional & an entertainer's dream.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: 21+ Years
- Year built: 1935
Materials
- Construction materials: Brick,Brick/Stone,Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Tudor/Provincial,Other
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Microwave,Other,Oven,Range,Refrigerator,Water Softener
Basement
- Has basement: Yes
- Basement: 8'+ Ceiling,Finished,Full,Full Size Windows,Walk-Out Access
Bathroom
- Features: Shower on Lower,Master Bedroom Bath: Walk-In Shower,Master Bedroom Bath
Bedroom2
- Level: Main
- Area: 294
Bedroom3
- Level: Upper
- Area: 182
Bedroom4
- Level: Upper
- Area: 140
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bedrooms: 2
Dining Room
- Level: Main
- Area: 266
Family Room
- Level: Main
- Area: 266
Features
- High Speed Internet,Cathedral/vaulted ceiling,Kitchen Island
- Flooring: Wood
- Finished area below ground: 1,500
Heating & Cooling
- Heating features: Natural Gas,Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 4,860
- Total interior livable area: 1,500 sqft
Kitchen
- Level: Main
- Area: 192
Living Room
- Level: Main
- Area: 810
Master Bedroom
- Level: Main
- Area: 294
Property
Details
- Parcel number: 59121584551
- Zoning: Resort Comm
- Exclusions: Seller And Stager's Personal Property
Features
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- On waterfront: Yes
- Waterfront features: Deeded Water Access,Water Access/Rights,Waterfront,Lake,Pier,51-100 feet
- Waterbody name: Elkhart Lake
- Living area range: 3501 or more,3501-5000,2501 or more
Lot
- Lot size: 0.33 Acres
Parking
- Total spaces: 2
- Parking features: Garage Door Opener,Attached,2 Car
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Hail
- Lightning
- Tornado
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Wisconsin Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $18,962 | $227,544 |
| Home Insurance * | $1,607 | $19,284 |
| Property Taxes | $3,966 | $47,592 |
| Electricity | $171 | $2,054 |
| Total | $24,706 | $296,472 |
Income You'd Need if You Spent...
Wisconsin FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-09 | Listed for sale | $3,990,000 |
| 2026-02-27 | Listing removed | $3,950,000 |
| 2026-01-20 | Price change | $3,950,000 |
| 2025-05-23 | Price change | $4,400,000 |
| 2025-04-03 | Listed for sale | $4,750,000 |
| 2025-02-01 | Listing removed | $5,500,000 |
| 2024-07-25 | Listed for sale | $5,500,000 |
For Sale by Agent
View on Zillow