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1522 N Prospect AVENUE #1804, Milwaukee, WI, 53202

3beds
4baths
4,241sqft
$1,875,000
$442price/sqft
$14,499/moest. monthly cost
$579,960/yrincome needed

About This Home

This penthouse beauty w/views of Lake Michigan & city skyline will inspire your days & energize your work life! 1522 On The Lake provides 'White Glove'' service w/concierge, 3 indoor pkg spaces, fitness, community rm & Guest Suite. The 2-story top-floor condo provides year-round comfort & a Zen like escape from cares of the day! The unit has 3 Bedrooms, 3.5 baths w/Home Office featuring panoramic lake vistas. Sleek Kitchen offers large Island w/wine chiller, newly replaced Sub-0 & Wolf appliances with external venting perfect for your inner chef! Formal 2-story Dining Room, Living Room w/ Gas Fireplace & gun metal grey steel surround, 2nd Fl Laundry & Zoned HVAC!

Getting Around

89
WalkingVery Walkable
56
TransitGood Transit
67
BikeBikeable

Schools

6/10
Cass Street SchoolGrades PK-80.5 mi
8/10
Golda Meir SchoolGrades 3-121.1 mi
3/10

Construction

Condition

  • Property condition: 21+ Years
  • Year built: 2002

Materials

  • Construction materials: Aluminum Siding,Aluminum/Steel,Brick,Brick/Stone,Stone

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Cooktop,Dishwasher,Disposal,Dryer,Microwave,Other,Oven,Range,Refrigerator,Washer
  • Laundry features: In Unit

Basement

  • Has basement: Yes
  • Basement: 8'+ Ceiling,Full,Concrete,Walk-Out Access

Bathroom

  • Features: Tub Only,Ceramic Tile,Whirlpool,Master Bedroom Bath: Tub/No Shower,Master Bedroom Bath: Walk-In Shower,Master Bedroom Bath,Shower Stall

Bedroom2

  • Level: Upper
  • Area: 270

Bedroom3

  • Level: Main
  • Area: 238

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1
  • Main level bedrooms: 1

Dining Room

  • Level: Main
  • Area: 216

Features

  • High Speed Internet,Storage Lockers,Cathedral/vaulted ceiling,Walk-In Closet(s),Kitchen Island
  • Window features: Low Emissivity Windows
  • Flooring: Wood or Sim.Wood Floors
  • Finished area above ground: 4,241

Heating & Cooling

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

Interior Area

  • Total structure area: 4,241
  • Total interior livable area: 4,241 sqft

Kitchen

  • Level: Main
  • Area: 400

Living Room

  • Level: Main
  • Area: 570

Master Bedroom

  • Level: Upper
  • Area: 289

Office

  • Level: Upper
  • Area: 70

Property

Details

  • Parcel number: 3591549110
  • Attached to another structure: Yes
  • Zoning: RM7
  • Exclusions: Seller's/Tenants Personal Property. All Wall Mounted Art &/Or Media.

Features

  • Levels: Highrise: 6+ Stories,2 Story
  • Patio & porch: Patio/Porch
  • Spa features: Bath
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • Living area range: 3501 or more,3501-5000,2501 or more

Lot

  • Lot size dimensions: Common

Parking

  • Total spaces: 3
  • Parking features: Attached,Heated Garage,Garage Door Opener,Underground,3 Car,Assigned
  • 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 $9,481$113,772
Home Insurance *$1,096$13,152
Property Taxes $3,524$42,288
Electricity $398$4,782
Total$14,499$173,988
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$497,108/yr
40% on housing$434,970/yr
45% on housing$386,640/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

$442This listing

vs Other Active Listings

Avg $/sqft

ZIP 53202$343
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
2026-08-07Contingent$1,875,000
2026-05-16Listed for sale$1,875,000
2024-02-16Sold$1,400,000
2023-09-13Sold$1,300,000
2023-08-21Contingent$1,550,000
2023-07-12Listed for sale$1,550,000
2023-06-03Listing removed--
2023-05-14Price change$1,550,000
2023-02-13Listed for sale$1,650,000
2022-11-08Listing removed--
2022-10-10Listed for sale$1,650,000
2003-12-18Sold$1,139,000

For Sale by Agent

AgentMary Waite
BrokerageCornerstone, REALTORS

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