408 W Lake St, Lake Mills, WI, 53551
About This Home
This is a rare find! Lake Mills waterfront property on an oversized lot with an unbeatable location. Situated on the Mill Pond, with direct access to Rock Lake and just a couple of blocks from downtown Lake Mills & Bartels Beach. Currently operating as a 3-unit rental, with the vacant unit being recently updated. You can move right in and have renters pay your mortgage while you enjoy the prime location, convenience, & peaceful scenery. The right renovation could transform this into a stunning waterfront single-family home. Spacious, unique, & in a location you simply can't replicate. Whether you're looking to grow your portfolio or create your dream home on the water, this one deserves a closer look. Also listed as Multi-family MLS #2025197
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1890
Materials
- Construction materials: Aluminum Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Other
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Full,Walk-Out Access,Stone,Unfinished
Bedroom2
- Level: Main
- Area: 169
Bedroom3
- Level: Upper
- Area: 120
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 2
Dining Room
- Level: Main
- Area: 112
Features
- Walk-In Closet(s),At Least 1 tub,Second Kitchen,Den/Office,Other
- Finished area above ground: 2,410
Heating
- Heating features: Baseboard,Forced Air,Multiple Heating Units
Interior Area
- Total structure area: 2,410
- Total interior livable area: 2,410 sqft
Kitchen
- Features: Range/Oven,Refrigerator
- Level: Main
- Area: 221
Living Room
- Level: Main
- Area: 154
Master Bedroom
- Level: Main
- Area: 210
Property
Details
- Parcel number: 24607131411032
- Zoning: Res
- Exclusions: Seller and tenant's personal property
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck,Porch,Enclosed
- On waterfront: Yes
- Waterfront features: Dock/Pier,Waterfront,Lake Front,Pond
- Waterbody name: Rock-Mill Pond
- Frontage length: Waterfront: 88
Lot
- Lot size: 0.58 Acres
- Features: Sidewalk
Parking
- Parking features: No Garage
- Has uncovered spaces: Yes
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
- Heat Wave
- Inland Flooding
- Strong Wind
- Winter Weather
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 | $2,477 | $29,724 |
| Home Insurance * | $167 | $2,004 |
| Property Taxes | $873 | $10,476 |
| Electricity | $226 | $2,717 |
| Total | $3,743 | $44,916 |
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 |
|---|---|---|
| 2026-07-02 | Listed for sale | $490,000 |
| 2026-06-19 | Contingent | $490,000 |
| 2026-06-12 | Listed for sale | $490,000 |
| 2014-01-02 | Sold | $75,000 |
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