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5605 W Lake Rd #10, Vermilion, OH, 44089

2beds
3baths
2,558sqft
$1,510,000
$590price/sqft
$9,988/moest. monthly cost
$399,520/yrincome needed

About This Home

Discover the exclusive lakefront residences at the esteemed Waterwood Resort, a wellness-oriented community nestled in stunning natural surroundings. Revel in the Lake Erie breezes, sunrises and sunsets all while indulging in amenities such as: lakeview dining, a sandy beach, a fitness center, a six-suite inn, an impressive swimming pool, and a cabana bar with views of Lake Erie. These modern townhomes feature a terraced design for panoramic views from any unit. Enjoy direct access to the marina, private two-car garages, dual-level living spaces, and classic architecture. Starting packages provide premium features with options to customize your floor plan and finishes for personal taste and functionality. Choose from 2 to 4 bedroom layouts, open contemporary floor plans, balconies and patios, quartz countertops and backsplashes, stainless steel appliances, and numerous other upscale details.

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
20
BikeSomewhat Bikeable

Schools

6/10
Sailorway Middle SchoolGrades 4-74.6 mi
7/10
Vermilion High SchoolGrades 8-124.9 mi
6/10

Construction

Condition

  • Property condition: To Be Built

Materials

  • Roof: Other
  • Construction materials: Other,Concrete

Type & Style

  • Home type: Condo
  • Property subType: Townhouse,Condominium

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Disposal,Microwave,Range,Refrigerator
  • Laundry features: In Unit

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1

Features

  • Fireplace features: None
  • Finished area above ground: 2,558

Heating & Cooling

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

Interior Area

  • Total structure area: 2,558
  • Total interior livable area: 2,558 sqft

Property

Details

  • Parcel number: TBD

Features

  • Levels: Two
  • Stories: 2
  • Private pool: Yes
  • Pool features: Cabana,Heated,In Ground,Pool/Spa Combo,Community
  • Has view: Yes
  • View description: Lake
  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes

Parking

  • Parking features: Attached,Direct Access,Garage
  • 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

  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Hail
Ice Storm
Strong Wind
Tornado
Tsunami

FEMA Declared Disasters Across Ohio Counties

Flood
Tornado

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 $7,635$91,620
Home Insurance *$620$7,440
Property Taxes $1,459$17,508
Electricity $274$3,292
Total$9,988$119,856
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$342,445/yr
40% on housing$299,640/yr
45% on housing$266,346/yr

Ohio FAIR Plan Programs

Ohio FAIR Plan Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 13,942Commercial: 466
Total Premiums$18.03M
Total Exposure$5.92B

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: 5.9%
5.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.1%
1.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$590This listing

vs Other Active Listings

Avg $/sqft

ZIP 44089$231
Erie County$172

vs Homes Sold Last Month

Median $/sqft

ZIP 44089$169
Erie County$142

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
2025-02-04Listed for sale$1,510,000
2024-08-21Listing removed--
2024-05-23Price change$1,440,000
2023-08-24Listed for sale$1,350,000
2023-08-15Contingent$1,235,000
2023-08-09Listed for sale$1,235,000

For Sale by Agent

AgentJen Skvarch
BrokerageHoward Hanna

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