$690,000

4 Beds 2 Baths 2,048 Sqft

115 E Lake Lane, Colgate, WI 53017

Property Type: Single-Family
Building Type: 2 Story
Time on Market: 18 days
Price per Sqft: $337
Waterfront: Y
Garage: 1 Car
Total Taxes: $6,391
Est. Age: 21+ Years
Virtual Tour: View Tour

Description

Rare opportunity on Lake Five! Escape to your own waterfront retreat with 78' of prime frontage. With no public boat launch, you're guaranteed the peaceful lake lifestyle you've been dreaming of. Set up as a duplex, live on the lake while tenants help pay your mortgage, or convert/build a stunning single-family dream home. Each unit offers 2 beds, 1 bath and a flex room overlooking the lake, the vision is there! The possibilities are endless and the location can't be beat: steps from a favorite local restaurant, an easy commute to Waukesha and Milwaukee, and all the perks of a private, full recreational lake. Conservancy land on the north shore keeps your views untouched for years to come. Don't miss this rare chance at lakefront living! Also listed as MLS #1972052.

Property Details

Interior

Appliances:
  • Window A/C, Oven, Range, Refrigerator
Basement:
  • Crawl Space
Baths:
  • Full Baths: 2
  • Bath Descriptions: Tub Only,Shower Over Tub
Heating/Cooling:
  • Forced Air, Window/wall AC
Heat Fuel:
  • Natural Gas
Interior Features:
  • Cable/Satellite Available, High Speed Internet, Pantry, Simulated Wood Floors, Walk-in closet(s)
Sqft:
  • Total Sqft: 2,048
  • Lot Sqft Source: Other - See Remarks
  • Estimated Sqft Range: 2001-2500

Rooms

Room Basement Level Lower Level Main Level Upper Level
Master Bedroom 16x14
Bedroom 2 16x12
Bedroom 3 10x12
Bedroom 4 10x12
Den/Office 12x9
Family Room 14x15
Kitchen 15x12
Living Room 15x15
Other Room 12x9

Exterior

Acreage:
  • Range: 0.0 to .499
  • Source: Other - See Remarks
Exterior:
  • Vinyl
Exterior Features:
  • Patio
Garage:
  • Details: Detached, 1 Car
  • Spaces: 1.0
Outbuildings:
  • Garden Shed
Style:
  • Colonial
Water:
  • Body of Water: Lake Five
  • Features: Waterfrontage on Lot, Lake, 51-100 feet
  • Waterfront: Y
Water/Waste:
  • Shared Well, Private Septic System

Misc.

New Construction:
  • N
Postal:
  • Code: 53017
  • Zip+4: 9727
Street:
  • Direction Prefix: E
  • Name: Lake LANE
  • Suffix: LANE
Tax Year:
  • 2025
Zoning:
  • Res

Map

Listing Agent-Provided Directions:
  • I 94 to Hwy 164, North on 164 to West on County Line Rd, Right on E Lake Ln to property on left.

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Schools and Neighborhood

Middle School:
  • Kennedy
High School:
  • Germantown
School District:
  • Germantown
Postal City:
  • Colgate
Municipality:
  • Name: RICHFIELD
  • Type: Village
County:
  • WASHINGTON

Market Comparison

How this property compares to local market averages — calculated 8/5/2026

This Property
Colgate Single Family Home Avg
Washington County Single Family Home Avg
List Price
$690,000
$734,612
$674,018
Median Price
—
$632,500
$529,900
Price / Sq Ft
$337
$322
$275
Days on Market
18 days
38 days
47 days
Total Listings
—
8
253

Listing Information

  • Time on Market: 18 days
  • Place Perfect Last Updated: 2026-07-20 13:19:22
  • MLS Number: 1972053
  • Subsystem Locale: WIREX_METRO
  • Listing Office: EXP Realty, LLC MKE
  • Listing Agent: Emma Vodenlich

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