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$490,000 Just Listed
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Property Description
This is a rare find! Lake Mills waterfront property on 1 acre 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. This tri-plex is a great opportunity whether you're an investor or looking for the perfect owner-occupied property. Currently operating as a 3-unit multifamily with strong rental history. The vacant unit has been recently updated so you can move right in and have tenants pay your mortgage. Enjoy the prime location and peaceful backyard views of the water. The right renovation could transform this into a stunning water-front single family home. This property is spacious, unique and deserves a closer look. Also listed as Single Family MLS #1965982
Full Property Details
Full Property Details for 408 W Lake St #408 1/2
General
- Price: $490,000
- Taxes: $5,174 (2025)
- Status: Active
- Type: Duplex
- Source: MetroMLS_Milwaukee_Wirex
- MLS ID: 1965984
- Updated: Today (6/12/2026)
- Added to Site: Today
Parking
- Uncovered Spaces: 3
- Parking Features: Outdoor Space
Location
- County: Jefferson
- Driving Directions: I94 to Lake Mills, S on Hwy 89 (Main St), to right on West Lake St.
School Information
- School District: Lake Mills Area
- Elementary School: Lake Mills
- Middle School: Lake Mills
- High School: Lake Mills
Heating & Cooling
- Heating/Cooling: Natural Gas
Utilities
- Water/Sewer: Municipal Sewer, Municipal Water
Structural Information
- Architectural Style: Duplex +, View of Water, Waterfrontage on lot
- Exterior Const.: Aluminum Siding
- Basement Desc.: Block, Full, Walk-Out/Outer Door
- Stories Description: 1 to 2 Stories
- Year Built: 1890
Unit Information
Unit 1
- Number of Units: 1
- Unit Description: 1 Bath, 1 Bedroom, Balcony/Patio, Cable TV Available, Dining Room, Living Room, Range/Oven, Refrigerator
- Square Feet: 751 to 100
Unit 2
- Number of Units: 1
- Unit Description: 1 Bath, Cable TV Available, Eat-In Kitchen, Range/Oven, Refrigerator, Studio/Efficiency
- Square Feet: 750 or Les
Unit 3
- Number of Units: 1
- Unit Description: 1 Bath, 2 Bedrooms, Cable TV Available, Eat-In Kitchen, Living Room, Range/Oven, Refrigerator
- Square Feet: 751 to 100
Lot Features
- Lot Size (Acres): 1
- Zoning: Res
Water Features
- Water Front: Yes
- Water Access Desc: Lake, Pier, Pond
- Water Front Name: Rock-Mill Pond
Financial Considerations
- Tax Amount: $5,174.02
- Tax Year: 2025
Listed by eXp Realty
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Schools
Schools serving 408 W Lake St #408 1/2
School District:Lake Mills Area School District
| Name | Grades | Distance |
|---|---|---|
Lake Mills Middle School 318 College Street, Lake Mills, WI 53551 | 5-8 | 0.2 mi |
Lake Mills Elementary School 155 East Pine Street, Lake Mills, WI 53551 | PK-4 | 0.7 mi |
Lake Mills High School 615 Catlin Drive, Lake Mills, WI 53551 | 9-12 | 0.7 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 408 W Lake St #408 1/2
Date
Details
Price
Change
Source
6/12/2026
Listed
$490,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 408 W Lake St #408 1/2
408 W Lake St #408 1/2, Lake Mills, WI 53551 (MLS# 1965984) is a Duplex property with 0 bedrooms and 0 full bathrooms. 408 W Lake St #408 1/2 is currently listed for $490,000 and was received on June 12, 2026. Want to learn more about 408 W Lake St #408 1/2? Do you have questions about finding other Duplex real estate for sale in Lake Mills? You can browse all Lake Mills real estate or contact a Coldwell Banker agent to request more information.

