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$3,850,000
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Property Description
Rare opportunity to enjoy four-season lake living on sought-after Silver Lake! Situated on the desirable east shore, this property offers beautiful sunset views, boating, fishing, swimming, and year-round waterfront enjoyment. Unique post-and-beam construction and massive windows create an open, dramatic interior while capturing unobstructed views of the lake from throughout the home. Just minutes from downtown West Bend, shopping, dining, and Hwy 45, the location offers the perfect blend of peaceful lake living and everyday convenience. Enjoy the added privacy of 5 scenic acres and additional detached garage--ideal for car enthusiasts, recreational vehicles, storage, or hobbies. A truly special waterfront setting offering exceptional architecture, privacy, recreation, and so much more!
Full Property Details
Full Property Details for 5531 Peters Dr
General
- Price: $3,850,000
- Taxes: $12,234 (2025)
- Status: Active
- Type: Single Family
- Source: MetroMLS_Milwaukee_Wirex
- MLS ID: 1975814
- Updated: 8/13/2026
- Added to Site: 60 day(s) ago
Interior
- Number of Rooms: 13
- Interior Features: Cable TV Available, Kitchen Island, Natural Fireplace, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Wood Floors
- Appliances: Dishwasher, Dryer, Microwave, Other, Oven, Range, Refrigerator, Washer, Water Softener Owned
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
- Bathroom: At least one Bathtub, Ceramic Tile, MBR Bath Walk-in Shower, Off Master Bedroom, Shower over Tub, Shower Stall
Bedrooms
- Total Bedrooms: 4
- Bedroom 1: 17 x 13, Main Level
- Bedroom 2: 16 x 11, Lower Level
- Bedroom 3: 16 x 10, Lower Level
- Bedroom 4: 22 x 13, Lower Level
Other Rooms
- Living Room: 35 x 22, Main Level
- Kitchen: 16 x 16, Main Level
- 2nd Kitchen: 16 x 16, Lower Level
- Dining Room: 16 x 13, Main Level
- Den: 13 x 12, Main Level
- Extra Room 1: 30 x 27, Lower Level
- Rec Room: 29 x 16, Lower Level
- Laundry: 11 x 7, Main Level
- Mud Room: 11 x 11, Main Level
Exterior
- Exterior Features: Deck, Patio
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 3.75
- Garage Description: Access to Basement, Electric Door Opener, Heated
Location
- County: Washington
- Driving Directions: Google Maps
School Information
- School District: West Bend
- Middle School: Badger
Heating & Cooling
- Heating/Cooling: Natural Gas, Central Air Conditioning, Forced Air, Radiant, Zoned Heating
Utilities
- Water/Sewer: Municipal Sewer, Private Well
Structural Information
- Architectural Style: Single Story, Exposed Basement, Ranch
- Description/Design: Water Access/Rights, Water Frontage on Lot
- Exterior Const.: Stone, Wood
- Basement Desc.: 8+ Ceiling, Finished, Full, Shower, Walk-Out/Outer Door
- Square Feet: 4,723
- Year Built: 2017
Additional Structures
- Other Structures: Additional Garage(s)
Lot Features
- Lot Size (Acres): 5.32
- Zoning: RES
Water Features
- Water Front: Yes
- Water Access Desc: Lake
- Lake Front: Yes
Financial Considerations
- Tax Amount: $12,234.09
- Tax Year: 2025
Listed by Compass RE WI-Northshore
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Schools
Schools serving 5531 Peters Dr
School District:West Bend School District
| Name | Grades | Distance |
|---|---|---|
Mclane Elementary School 833 Chestnut Street, West Bend, WI 53095 | K-4 | 2.3 mi |
Silverbrook Middle School 120 North Silverbrook Drive, West Bend, WI 53095 | 5-6 | 2.4 mi |
Badger Middle School 727 South 6th Avenue, West Bend, WI 53095 | 7-8 | 2.2 mi |
East High School, West Bend, WI 1305 East Decorah Road, West Bend, WI 53095 | 9-12 | 2.7 mi |
West High School, West Bend, WI 1305 East Decorah Road, West Bend, WI 53095 | 9-12 | 2.7 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 5531 Peters Dr
Date
Details
Price
Change
Source
8/13/2026
Listed
$3,850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5531 Peters Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,639
9%
$296,300
—
2024
$2,413
22%
$296,300
91%
2023
$1,971
4%
$155,200
—
2022
$1,897
-8%
$155,200
—
2021
$2,070
1%
$155,200
—
2020
$2,059
7%
$155,200
—
2018
$1,933
-2%
$155,200
—
2019
$1,971
2%
$155,200
—
2017
$1,928
1%
$155,200
—
2016
$1,917
—
$155,200
—
2015
$1,920
—
$155,200
—
2014
$1,915
-5%
$155,200
—
2013
$2,025
—
$155,200
—
Disclaimer: Historical tax 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 5531 Peters Dr
5531 Peters Dr, West Bend, WI 53095 (MLS# 1975814) is a Single Family property with 4 bedrooms, 2 full bathrooms and 1 partial bathroom. 5531 Peters Dr is currently listed for $3,850,000 and was received on August 13, 2026. Want to learn more about 5531 Peters Dr? Do you have questions about finding other Single Family real estate for sale in West Bend? You can browse all West Bend real estate or contact a Coldwell Banker agent to request more information.

