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2409 N Terrace AVENUE, Milwaukee, WI, 53202

5beds
6baths
8,600sqft
$2,650,000
$308price/sqft
$20,502/moest. monthly cost
$820,080/yrincome needed

About This Home

A remarkable opportunity to own a newly constructed contemporary home in the heart of Milwaukee's Upper East Side with unmatched walkability, a spectacular kitchen, and designer finishes throughout. This residence is rich in style and amenities over four spacious levels of luxury living. Enjoy five gracious bedrooms, four with ensuite baths, including the primary with wet room bathroom and a third-floor guest suite. The phenomenal, enclosed rooftop terrace with hot tub, cold plunge, wood-burning fireplace, TV lounge, dining area, and kitchenette is ideal for year-round living and entertaining. The residence also includes a first-floor office, lower-level rec room/media room, gym, sauna, and an oversized attached three-car garage.

Getting Around

83
WalkingVery Walkable
48
TransitSome Transit
92
BikeBiker's Paradise

Schools

3/10

Construction

Condition

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

Materials

  • Construction materials: Brick,Brick/Stone

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Other

Basement

  • Has basement: Yes
  • Basement: 8'+ Ceiling,Finished,Full,Full Size Windows,Radon Mitigation System,Sump Pump

Bathroom

  • Features: Shower on Lower,Tub Only,Master Bedroom Bath: Tub/No Shower,Master Bedroom Bath: Walk-In Shower,Master Bedroom Bath,Shower Stall

Bedroom2

  • Level: Upper
  • Area: 255

Bedroom3

  • Level: Upper
  • Area: 210

Bedroom4

  • Level: Upper
  • Area: 306

Bedroom5

  • Level: Lower
  • Area: 255

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 5
  • 1/2 bathrooms: 2

Dining Room

  • Level: Main
  • Area: 136

Features

  • High Speed Internet,Pantry,Sauna,Cathedral/vaulted ceiling,Walk-In Closet(s),Wet Bar,Kitchen Island
  • Window features: Skylight(s)
  • Flooring: Wood

Heating & Cooling

  • Heating features: Natural Gas,Forced Air,Multiple Units
  • Cooling features: Central Air,Multi Units

Interior Area

  • Total structure area: 8,600
  • Total interior livable area: 8,600 sqft

Kitchen

  • Level: Main
  • Area: 308

Living Room

  • Level: Main
  • Area: 594

Master Bedroom

  • Level: Upper
  • Area: 391

Office

  • Level: Main
  • Area: 256

Property

Details

  • Parcel number: 3180612000
  • Zoning: Residential
  • Exclusions: Seller And Stager's Personal Property,Audio-Visual Equipment

Features

  • Levels: Multi-Level
  • Patio & porch: Patio
  • Has spa: Yes
  • Spa features: Private
  • Fencing: Fenced Yard
  • Living area range: 3501 or more,5001 or more,2501 or more

Lot

  • Lot size: 8,712 sqft
  • Features: Sidewalks

Parking

  • Total spaces: 3
  • Parking features: Garage Door Opener,Attached,3 Car,1 Space
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

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 WaveVery High
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
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 $13,399$160,788
Home Insurance *$1,549$18,588
Property Taxes $4,746$56,952
Electricity $808$9,697
Total$20,502$246,024
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$702,925/yr
40% on housing$615,060/yr
45% on housing$546,720/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: 10.4%
10.4%
0%30.0%
Electricity Growth Rate10-year average: 3.6%
3.6%
0%15.0%
Property Taxes Growth Rate2-year average: -2.2%
-2.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$308This listing

vs Other Active Listings

Avg $/sqft

ZIP 53202$345
Milwaukee County$146

vs Homes Sold Last Month

Median $/sqft

ZIP 53202$238
Milwaukee County$187

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
2026-07-16Listed for sale$2,650,000
2026-06-19Listing removed$2,795,000
2026-03-12Listed for sale$2,795,000
2025-10-24Listing removed$2,995,000
2025-09-11Listed for sale$2,995,000
2025-09-11Listing removed$3,150,000
2025-08-27Listed for sale$3,150,000
2023-06-23Sold$280,000
2023-05-26Contingent$389,000
2022-12-23Listed for sale$389,000
2021-09-24Sold$325,000
2021-08-06Pending sale$350,000

New Construction

AgentFalk Ruvin Gallagher Team*
BrokerageKeller Williams Milwaukee North Shore

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