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$149,000 -$6,000 (-3.87%) Price Reduced

  • For Sale
  • Active
  • Lots/Land
  • 0.73 Acres
  • Updated 3 days ago
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Rare opportunity to secure the final double lot in a highly sought-after development! Ideally located between Milwaukee and Illinois, this prime site overlooks the pond and offers exceptional convenience with shopping, dining, and everyday amenities just minutes away. This shovel-ready project requires a ranch-style side-by-side condo, with exterior design and floor plan established to maintain community cohesion, while allowing you to fully customize the interior to your taste. Exceptional versatility: live in one unit and sell the other, sell both for investment potential, or create a multi-generational living space. Don't miss your chance to complete this desirable community!

Full Property Details for 8501 Deerwood Ln

General

  • Price: $149,000
  • Taxes: $2,584 (2025)
  • Status: Active
  • Type: Lots/Land
  • Source: MetroMLS_Milwaukee_Wirex
  • MLS ID: 1957984
  • Updated: 9/21/2026
  • Added to Site: 162 day(s) ago

Location

  • Municipality: City
  • County: Milwaukee
  • Subdivision: Deerwood Estates Condos
  • Driving Directions: From Loomis Road, north on Hwy 100 St Martins Rd), follow St Martins Road NW to S Deerwood Lane
  • Location Details: City

School Information

  • School District: Franklin Public
  • Middle School: Forest Park
  • High School: Franklin

Utilities

  • Water/Sewer: Sewer Lateral to Lot, Water Lateral to Lot
  • Onsite: Cable Available, Electricity Available, High Speed Internet Available, Natural Gas Available

Structural Information

  • Existing Structures: None

Lot Features

  • Lot Size (Acres): 0.73
  • Frontage: Paved Road, Town/City Road
  • Topography: Association, View of Water, Water Frontage on Lot
  • Lot Features: Existing Curb/Gutter
  • Development Status: Rough-Graded, Site Plan Recorded, Site Planned
  • Potential Use: None
  • Zoning: Res, Multi Units

Water Features

  • Water Front: Yes
  • Water Front Type: Pond

Financial Considerations

  • Tax Amount: $2,584
  • Tax Year: 2025

Listed by Mahler Sotheby's International Realty

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— 8501 Deerwood Ln —

  • Mahler Sotheby's International Realty

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 8501 Deerwood Ln

School District:Franklin Public School District
NameGradesDistance
Robinwood Elementary School
10705 West Robinwood Lane, Franklin, WI 53132
PK-60.8 mi
Forest Park Middle School, Franklin, WI
8225 West Forest Hill Avenue, Franklin, WI 53132
7-81.4 mi
Franklin High School, Franklin, WI
8222 South 51st Street, Franklin, WI 53132
9-123.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 8501 Deerwood Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/21/2026
Price Reduced
$149,000
-3.87%
MLS
4/15/2026
Listed
$155,000
19.23%
MLS
9/26/2012
Sold
$130,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 8501 Deerwood Ln

Year
Property Taxes
Change
Tax Assessment
Change
2025
$646
3%
100%
2024
$629
257%
100%
2022
$176
-22%
-100%
2021
$227
8%
$10,000
100%
2020
$210
-13%
-100%
2019
$241
—
$10,000
—
2016
$241
-8%
$10,000
—
2015
$263
—
$10,000
—
2014
$264
-2%
$10,000
—
2013
$270
10%
$10,000
—
2012
$245
—
$10,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Mahler Sotheby's International Realty

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8501 Deerwood Ln, Franklin, WI 53132 (MLS# 1957984) is a Lots/Land property with a lot size of 0.73 acres. 8501 Deerwood Ln is currently listed for $149,000 and was received on April 15, 2026. Want to learn more about 8501 Deerwood Ln? Do you have questions about finding other Lots/Land real estate for sale in Franklin? You can browse all Franklin real estate or contact a Coldwell Banker agent to request more information.

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