NOT LISTED FOR SALE

5270 N Lake Dr Milwaukee, WI 53217

Estimated Value: $7,592,206 - $7,795,000

9 Beds
8 Baths
13,717 Sq Ft
$561/Sq Ft Est. Value

Last Sold December 20, 2023

Last sale price $4,368,000 $318 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $53,176/month

1,201 Days on Market

Highlights

  • Access To Lake
  • Waterfront
  • Whirlpool Bathtub
  • Richards Elementary School Rated A
  • 3.13 Acre Lot
  • 4 Car Detached Garage

About This Home

As of December 2023

This spectacular, Italian Renaissance-style estate is in one of the most desirable communities near Milwaukee. Built in 1919, meticulously maintained, the current owners have made significant renovations during their ownership building upon a full restoration in the 1990's when the home was completely restored to include modern systems and luxurious refinements. This is a once-in-a-generation opportunity to own a home that has hosted former presidents, CEOs, entertainment figures and other prestigious guests. Featuring a chef's kitchen, wood paneled dining room, theater, wine cellar, billiard room, terraces, formal gardens, fountain and views of Lake Michigan.

Last Listed By

Peter Mahler Team*

Mahler Sotheby's International Realty License #58180-90 Listed on: 07/31/2020

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1917

Lot Details

  • 3.13 Acre Lot
  • Waterfront

Parking

  • 4 Car Detached Garage

Home Design

  • Brick Exterior Construction
  • Stone Siding

Interior Spaces

  • 13,717 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Water Views
  • Home Security System
  • Washer

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Primary Bedroom Upstairs
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Whirlpool Bathtub
  • Bathtub with Shower
  • Bathtub Includes Tile Surround

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Windows

Outdoor Features

  • Access To Lake
  • Patio

Schools

  • Whitefish Bay Middle School
  • Whitefish Bay High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • High Speed Internet

Listing and Financial Details

  • Exclusions: Seller's personal property

Home Details

Home Type

Single Family

Year Built

Built in 1917

Lot Details

0

Parking

4

Listing Details

  • Prop. Type: Single-Family
  • Directions: Lake Dr. and Lexington Blvd
  • New Construction: No
  • Year Built: 1917
  • Cleared Acreage: Over 2 acres to 5 acres
  • Architecture: Victorian/Federal
  • Full Street Address: 5270 N Lake DRIVE
  • Type 5 Heat Fuel: Natural Gas
  • Kitchen Level: Main
  • Lot Acreage: 3.13
  • Municipality Type: Village
  • Property Water Features: Waterfrontage on Lot, Lake, 200-300 feet, View of Water
  • Lot Description Waterfront: Yes
  • Special Features: Auction
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Disposal, Range/Oven, Range, Refrigerator, Washer
  • Has Basement: Finished, Full, Full Size Windows, Walk Out/Outer Door
  • Interior Amenities: Cable/Satellite Available, High Speed Internet, Pantry, Security System, Skylight(s), Cathedral/vaulted ceiling, Walk-in closet(s), Wet Bar
  • Bathroom Description: Tub Only, Ceramic Tile, Whirlpool, Master Bedroom Bath, Shower Over Tub
  • Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Upper
  • Master Bedroom Master Bedroom Width: 14
  • Second Floor Total Sq Ft: 13717.00

Exterior Features

  • Exclusions: Seller's personal property
  • Exterior Features: Patio
  • Exterior Building Type: 2 Story
  • Exterior: Stone, Brick/Stone

Garage/Parking

  • Parking Features:Workshop in Garage: Detached, 4 Car
  • Garage Spaces: 4.0

Utilities

  • Water Waste: Municipal Sewer, Municipal Water

Schools

  • School District: Whitefish Bay
  • Middle School: Whitefish Bay
  • High School: Whitefish Bay
  • High School: Whitefish Bay
  • Junior High Dist: Whitefish Bay

Lot Info

  • Zoning: RES
  • Acreage Range: 1 to 4.99
  • Lot Description: Sidewalks

Tax Info

  • Tax Year: 2021
  • Total Taxes: 122815.0

MLS Schools

  • Middle School: Whitefish Bay

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2020
Closed on
Dec 19, 2023
Sold by
Sullivan Timothy W and Sullivan Vivian L
Bought by
Chief 5270 Lake Dr Llc
Seller's Agent
Peter Mahler Team*
Mahler Sotheby's International Realty
Buyer's Agent
MetroMLS NON
NON MLS
List Price
$5,950,000
Sold Price
$4,368,000
Premium/Discount to List
-$1,582,000
-26.59%
Total Days on Market
1201
Views
252
Current Estimated Value
$7,693,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,325,603
Avg. Annual Appreciation
52.55%
Original Mortgage
$3,400,000
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2010
Sold by
5270 North Lake Drive Llc
Bought by
Sullivan Timothy W and Sullivan Vivian L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2007
Sold by
Abraham William J and Rao Kailas J
Bought by
5270 North Lake Drive Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chief 5270 Lake Dr Llc $3,900,000 None Listed On Document
Sullivan Timothy W -- None Available
5270 North Lake Drive Llc $6,644,100 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chief 5270 Lake Dr Llc $2,750,000
Closed Chief 5270 Lake Dr Llc $3,400,000
Previous Owner Sullivan Timothy W $1,100,000
Previous Owner 5270 North Lake Drive Llc $1,100,000
Previous Owner 5270 North Lake Drive Llc $2,000,000
Previous Owner The Kailas J & Becky L Rao Revocable Tr $1,000,000
Previous Owner Rao Kailas J $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2023 12/20/23 Sold $4,368,000 -26.6% $318 / Sq Ft
12/15/2023 12/15/23 Price Changed $5,950,000 +197.5% $434 / Sq Ft
11/14/2023 11/14/23 Pending -- -- --
11/03/2023 11/03/23 Price Changed $2,000,000 -66.4% $146 / Sq Ft
07/31/2020 07/31/20 For Sale $5,950,000 -- $434 / Sq Ft
Source: Metro MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $122,815 $6,603,100 $1,354,000 $5,249,100
2022 $122,815 $6,393,200 $1,144,100 $5,249,100
2021 $122,815 $6,393,200 $1,144,100 $5,249,100
2020 $127,118 $6,393,200 $1,144,100 $5,249,100
2019 $129,762 $6,393,200 $1,144,100 $5,249,100
2018 $140,312 $5,560,900 $1,113,800 $4,447,100
2017 $131,380 $5,560,900 $1,113,800 $4,447,100
2016 $130,668 $5,560,900 $1,113,800 $4,447,100
2015 $129,658 $5,560,900 $1,113,800 $4,447,100
2014 $127,934 $5,560,900 $1,113,800 $4,447,100
2013 $127,122 $5,539,000 $1,138,600 $4,400,400
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2023

    Peter Mahler Team*

    Mahler Sotheby's International Realty

    (414) 964-2000

    1 in this area

    109 Total Sales

    Peter Mahler Team*
    Section Image

  • M

    Buyer's Agent in 2023

    MetroMLS NON

    NON MLS

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Map

Source: Metro MLS

MLS Number: 1701961

Metro MLS

APN: 199-0008-000

Wisconsin Milwaukee County Milwaukee 53217

5270 N Lake Dr, Milwaukee, WI

Homes for Sale in Milwaukee, WI

This home is located at 5270 N Lake Dr, Milwaukee, WI 53217 since 31 July 2020 and is currently estimated at $7,693,603, approximately $560 per square foot. This property was built in 1917. 5270 N Lake Dr is a home located in Milwaukee County with nearby schools including Richards Elementary School, Whitefish Bay Middle School, and Whitefish Bay High School.

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