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5931 Waters Edge ROAD #5935, Racine, WI, 53402

2beds
2baths
1,444sqft
$624,721
$433price/sqft
$4,336/moest. monthly cost
$173,440/yrincome needed

About This Home

*ACTIVELY SELLING* Luxury Lakefront Living at its finest. Amenity-rich, resort-like Condo Villas, wish single floor living, located on the shore of Lake Michigan. Enjoy gorgeous views of the Lake and Downtown Milwaukee skyline, nature, and modern amenities, all bundled up for your enjoyment & nestled conveniently between Milwaukee & Chicago. This premier to-be-built development will host 93 truly exquisite condos, featuring high end finishes, elevated ceilings, expansive windows, spacious patios, balconies, & open concepts. Amenities include an outdoor pool, rec courts, walking trails, yoga & fitness studios, indoor & outdoor community spaces, & golf simulator. Units all boast private garage spaces. Unit/Project renderings & virtual tours are virtually staged and are subject to change

Getting Around

1
WalkingCar-Dependent
0
TransitNo Nearby Transit
15
BikeSomewhat Bikeable

Schools

6/10
O Brown Elementary SchoolGrades PK-51.0 mi
3/10
Horlick High SchoolGrades 9-123.8 mi

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2025

Materials

  • Construction materials: Other

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Other
  • Laundry features: In Unit

Basement

  • Basement: None / Slab

Bathroom

  • Features: Tub Only,Master Bedroom Bath

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bedrooms: 2

Features

  • High Speed Internet,Walk-In Closet(s),Kitchen Island
  • Flooring: Wood or Sim.Wood Floors

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,444
  • Total interior livable area: 1,444 sqft

Kitchen

  • Level: Main
  • Area: 168

Living Room

  • Level: Main
  • Area: 196

Master Bedroom

  • Level: Main
  • Area: 224

Property

Details

  • Parcel number: Not Assigned
  • Zoning: RES
  • Exclusions: Seller's Personal Property

Features

  • Levels: Two,1 Story
  • Stories: 2
  • Patio & porch: Patio/Porch
  • Exterior features: Balcony,Private Entrance
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Lake,Deeded Water Access,Water Access/Rights,Waterfront
  • Waterbody name: Lake Michigan
  • Living area range: 1251-1500

Parking

  • Total spaces: 2
  • Parking features: Attached,2 Car,Assigned,Surface
  • 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
    Cold WaveRelatively High
  • Hail
    HailModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Hail
Lightning
Strong Wind
Tornado
Winter Weather
Tsunami

FEMA Declared Disasters Across Wisconsin Counties

Flood
Severe Storm

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

MonthlyAnnual
Mortgage $3,158$37,896
Home Insurance *$258$3,096
Property Taxes $749$8,988
Electricity $171$2,054
Total$4,336$52,032
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$148,662/yr
40% on housing$130,080/yr
45% on housing$115,626/yr

Wisconsin FAIR Plan Programs

Wisconsin Insurance Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 5,246Commercial: 198
Total Premiums$4.55M
Total Exposure$860.28M

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.

Insurance Growth Rate5-year average: 10.6%
10.6%
0%30.0%
Electricity Growth Rate10-year average: 3.6%
3.6%
0%15.0%
Property Taxes Growth Rate2-year average: -2.3%
-2.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$433This listing

vs Other Active Listings

Avg $/sqft

ZIP 53402$195
Racine County$248

vs Homes Sold Last Month

Median $/sqft

ZIP 53402$169
Racine County$175

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

DateEventPrice
2023-01-19Listed for sale$624,721

New Construction

AgentDavid Geszvain
BrokerageCompass RE WI-Tosa

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