321 Lake Dr, Gresham, WI, 54128
About This Home
Peaceful setting offers a double lot and beautiful water views with 186' of frontage. The house and yard have been cleaned out and offers two bedrooms, beamed ceiling open concept, wrap-around deck and boat house. This walk-out Ranch already has a second completed full bath in the lower level and is waiting for the new owner to finish the additional living space. Level lot to enjoy games, campfires and relaxing. This is where memories are created. You've always dreamed of owing a property on the water and now is your chance! Village of Gresham has confirmed that property can have a dock. Added bonus of municipal water & sewer. New metal roof 2016, furnace & A/C 2022, windows 2024. The big stuff has been done; now the fun begins to decorate and make this property your own!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1998
Materials
- Foundation: Poured Concrete
- Construction materials: Shake Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Range,Refrigerator
Basement
- Has basement: Yes
- Basement: Full,Full Sz Windows Min 20x24,Sump Pump,Walk-Out Access,Partial Fin. Non-contig
Bedroom1
- Level: Main
- Dimensions: 13x12
Bedroom2
- Level: Main
- Dimensions: 11x10
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Dining Room
- Level: Main
- Dimensions: 12x10
Features
- Breakfast Bar
- Fireplace features: None
- Finished area below ground: 56
- Finished area above ground: 945
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Forced Air,Central Air
Interior Area
- Total interior livable area: 1,001 sqft
Kitchen
- Level: Main
- Dimensions: 15x11
Living Room
- Level: Main
- Dimensions: 16x12
Property
Accessibility
- Accessibility features: 1st Floor Bedroom,1st Floor Full Bath,Low Pile Or No Carpeting,Open Floor Plan,Stall Shower
Details
- Parcel number: 701000340, 701000350
- Zoning: Residential
- Exclusions: LP tank is rented.
Features
- Patio & porch: Deck
- On waterfront: Yes
- Waterfront features: Lake
- Waterbody name: Lower Red Lake
Lot
- Lot size: 0.97 Acres
Parking
- Parking features: None
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
- Lightning
- Strong Wind
- Tornado
- Hail
- Inland Flooding
- 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 | $1,254 | $15,048 |
| Home Insurance * | $56 | $672 |
| Property Taxes | $245 | $2,940 |
| Electricity | $171 | $2,054 |
| Total | $1,726 | $20,712 |
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 |
|---|---|---|
| 2026-08-01 | Contingent | $248,000 |
| 2026-07-31 | Listed for sale | $248,000 |
| 2026-07-22 | Listing removed | $248,000 |
| 2026-06-30 | Price change | $248,000 |
| 2026-06-11 | Price change | $258,000 |
| 2026-05-28 | Price change | $278,000 |
| 2026-05-12 | Listed for sale | $298,000 |
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