December 12, 2008

Whitewater Lakefronts Smash Thru The $1MM Level

Posted to Mick Balestrieri

2008 was a banner year for high-end lakefront sales on Whitewater Lake. According to the Milwaukee Metro MLS, the previous high sale on Whitewater Lake was $850,000 set back in June of 2005 for N7592 West Lake Shore Dr, an older estate on 380’ of radiating frontage. Since then several magnificent homes have been constructed but never brought to market.

First to break the $1MM threshold was N7935 Cty Hwy P. In late February, I was approached by the owner to procure a buyer for their newly constructed log masterpiece on the northeast end of the lake, having sold this client the vacant lot a couple years earlier, I was excited to be selected find a new owner. After a few calls and private showings, we had a buyer. N7935 Cty Hwy P came in at $1,250,000 with final landscaping and driveway construction to be the responsibility of the new owner. This 5 BD, 3.5BA, 3 car garage custom built log home was set on 3.465 wooded acres with a gentle slope to the water and 100’ sandy frontage. Features included 2 story lofted great room, with hand scribed wood floors, F-T-C windows, soaring fieldstone fireplace, 1st floor master suite, gourmet kitchen, and screen porch & deck with panoramic lake views. The finished lower level walkout featured radiant in-floor heating, open recreation room, theatre room, bath and 2 additional guest bedrooms. A bonus room over the garage offered nearly 800Sf of additional flex space for the future.

In late July of 2008 I brought another premier home to market, N7616 State Park Rd, Whitewater. Listed at $1,295,000 this 5 year new, Arts & Crafts lodge was set on 100’ gently sloping frontage with 4 BR, 4.5BA and a 2.5 car garage. It featured a 2 story great room with F-T-C windows, stone FP, wood floors, and gourmet kitchen w/granite tops and SS appliances. The finished lower level featured a rec room, mini-bar, dual built-in murphy beds and unique workshop/toy garage opening to a large paver brick patio overlooking the lake (ideal for hosting parties). Initial response was slow for the first week while my online marketing was getting uploaded to numerous websites, then the showings poured in, followed by quick negotiations. The home was sold fully furnished, however the reported $1,230,000 sale price did not include the elaborate furnishing inventory.

Whitewater Lake is a 640 acre “all sports” lake with excellent fishing, swimming, boating and a host of winter activities set in the beauty of 21,000 acre Southern Unit of the Kettle Moraine State Forest. Located only 30 minutes from downtown Lake Geneva, and five miles west of popular Lauderdale Lakes, Whitewater Lake is one of Walworth Counties most scenic and serene lakes. Carved out by the last glacial period, the topography is extremely hilly with 100-150’ elevations above the lake common, offering spectacular lakeviews from many vantage points. You will be just as comfortable plying the water in a kayak as taking a leisurely cocktail cruise in your pontoon boat. “On Water” marina services including gas, bait and sundry items are available at two marina’s as well as Saturday evening water ski shows hosted by Whitewater’s very own Minneiska Water Ski Show Team. The state park offers a public beach with rest rooms, parking area and boat launch and World Class mountain biking, hiking, X-County skiing, snowmobiling and horseback riding are nearby on the Kettle’s excellent trail system.

Whether looking for a lakefront cottage or wooded retreat, please contact Mick Balestrieri at mickb@keeferealestate.com or visit my website to view all available resort home properties in the Lake Geneva, Delavan Lake, Lauderdale Lakes, Lake Beulah, Whitewater Lake, Powers Lake or Twin Lakes area.

Posted By: Mick Balestrieri

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