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408 W Lake Street, Lake Mills, WI 53551

Jefferson County

Key Facts

4Beds
3Baths
2,410Sq Ft
1890Year Built
0.58Lot (acres)

Description

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 water-front 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 #1965984

Property Information

Property Type

Residential

Sub-Type

Single Family Residence

Style

Other

Year Built

1890

Living Area

2,410 sq ft

Lot Size

0.58 acres

Days on Market

21

MLS® Listing#

MM1965982

Property Features

Interior

Walk-In Closet(s)Pantry

Exterior

Dock

Appliances

RefrigeratorRangeOven

Heating

Forced Air

Basement

Walk-Out Access

Lot Features

Waterfront

Utilities

Cable Available

Rooms

  • 10x12
  • Bedroom 113x13
  • Bedroom 215x8
  • Bedroom 314x9

Schools

Elementary:
Lake Mills
Middle:
Lake Mills
High:
Lake Mills
District:
Lake Mills Area

Financial Details

Annual Taxes

$5,174

Tax year 2025

Directions

I94 to Lake Mills, S on Hwy 89 (Main St), to right on West Lake St.

Affordability Calculator

$98,000

Estimated monthly payment

$2,608/mo

Principal $392,000 · Est. interest $546,875 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Lake Mills, WI

$444,805
Median Listing Price
72
Median Days on Market
1,850
Median Sq Ft
$252
Median Price / Sq Ft
671
Active Listings
  • This home’s price is 10% above the area median.
  • Its price per sq ft is 19% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Lake Mills, WI.

Location

Map showing the location of 408 W Lake Street, Lake Mills, WI 53551

Points of Interest in Lake Mills, WI

Showing the Lake Mills area map.

Nearby Schools

  • Lake Mills Middle School

    Secondary · 0.2 mi away

  • Lake Mills Area School District - Wi

    Elementary · 0.6 mi away

  • Lake Mills High School

    Secondary · 0.7 mi away

  • Lake Mills Elementary

    Elementary · 0.7 mi away

  • Lakeside Lutheran High School

    Secondary · 0.7 mi away

  • St Paul Lutheran Church and School

    School · 1.1 mi away

  • Kuhl Corner Campus

    School · 1.5 mi away

  • Johnson Creek School District

    School · 6.5 mi away

  • West Elementary School

    Elementary · 6.9 mi away

  • School District of Cambridge

    School · 7.0 mi away

  • Cambridge High School

    Secondary · 7.0 mi away

  • School District of Jefferson

    School · 7.1 mi away

  • Jefferson Middle School

    Secondary · 7.1 mi away

  • Jefferson High School

    Secondary · 7.2 mi away

  • Nikolay Middle School

    Secondary · 7.4 mi away

  • Johnson Creek Elementary School

    Elementary · 7.4 mi away

  • Thompson Correctional Center

    Secondary · 7.5 mi away

  • St Johns Lutheran School

    School · 7.6 mi away

  • St John the Baptist Catholic School

    Elementary · 7.7 mi away

  • East Elementary

    Elementary · 7.7 mi away

Commute Calculator

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Nearby Homes

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Similar Home Values

Comparable nearby listings and their asking prices.

Moving Cost Estimate

EXIT Agents in Lake Mills

The data relating to real estate for sale on this website comes in part from the Internet Data Display program of the South Central Wisconsin MLS. Real estate listings held by brokerage firms other than EXIT Realty are marked with the 'MLS' icon and/or include the name of the listing broker. This information, provided by seller, listing broker, and other parties, may not have been verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 South Central Wisconsin MLS. All Rights Reserved.

Data provided by SouthCentralWI. MLS® Listing#MM1965982. © 2026EXIT Realty®. All rights reserved.