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550 Ridgeview COURT, Lake Geneva, WI, 53147

5beds
3baths
4,256sqft
$1,625,000
$382price/sqft
$10,743/moest. monthly cost
$429,720/yrincome needed

About This Home

Panoramic Geneva Lake Views Fireworks Show From the Deck 2020 Custom Ranch Walkout Lower Level with Full Guest Suite & Second Kitchen 1 Mile from Downtown Lake Geneva The Perfect Chicago Retreat with the Grandkids! This 5-bedroom, 3-bath offers abundant living space, elegance, and an unbeatable location 1 mile north of downtown where you'll enjoy shopping, dining, boating, and the year-round festivals in this sought-after destination.The finished lower level walkout basement adds versatility with a private mother-in-law suite, full kitchen, full bath, large recreation area & 5th bedroom--ideal for guests, or multi-generational living. Must visit the home to appreciate the views!

Getting Around

22
WalkingCar-Dependent
0
TransitVery Limited Transit
10
BikeSomewhat Bikeable

Schools

7/10
5/10
7/10
Badger High SchoolGrades 9-122.6 mi

Construction

Condition

  • Property condition: 6-10 Years
  • Year built: 2020

Materials

  • Construction materials: Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Freezer,Microwave,Oven,Range,Refrigerator,Washer,Water Softener

Basement

  • Has basement: Yes
  • Basement: 8'+ Ceiling,Finished,Full,Full Size Windows,Concrete,Sump Pump,Walk-Out Access

Bathroom

  • Features: Shower on Lower,Stubbed For Bathroom on Lower

Bedroom2

  • Level: Main
  • Area: 154

Bedroom3

  • Level: Main
  • Area: 132

Bedroom4

  • Level: Main
  • Area: 132

Bedroom5

  • Level: Lower
  • Area: 176

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3
  • Main level bedrooms: 4

Dining Room

  • Level: Main
  • Area: 216

Family Room

  • Level: Main
  • Area: 210

Heating & Cooling

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

Interior Area

  • Total structure area: 4,256
  • Total interior livable area: 4,256 sqft

Kitchen

  • Level: Main
  • Area: 195

Living Room

  • Level: Main
  • Area: 360

Master Bedroom

  • Level: Main
  • Area: 414

Property

Details

  • Parcel number: ZSR00138
  • Zoning: R-3

Features

  • Levels: One
  • Stories: 1
  • Living area range: 3501 or more,3501-5000,2501 or more

Lot

  • Lot size: 0.47 Acres

Parking

  • Total spaces: 3
  • Parking features: Attached,3 Car
  • 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 WaveModerate
  • Hail
    HailModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Hail
Lightning
Strong Wind
Tornado

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 $8,216$98,592
Home Insurance *$547$6,564
Property Taxes $1,581$18,972
Electricity $399$4,799
Total$10,743$128,916
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$368,331/yr
40% on housing$322,290/yr
45% on housing$286,480/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: 7.7%
7.7%
0%30.0%
Electricity Growth Rate10-year average: 3.6%
3.6%
0%15.0%
Property Taxes Growth Rate2-year average: -1.2%
-1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$382This listing

vs Other Active Listings

Avg $/sqft

ZIP 53147$304
Walworth County$294

vs Homes Sold Last Month

Median $/sqft

ZIP 53147$292
Walworth County$228

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)

No zestimate history available

Price History

DateEventPrice
2026-08-06Price change$1,549,900
2026-06-04Listed for sale$1,625,000
2020-09-10Sold$484,200

For Sale by Agent

AgentKathleen Bak
BrokerageGates & Gables Realty

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