$2,050,000
SOLD OCT 1, 2025

1223 Milwaukee St Unit B Delafield, WI 53018

3 Beds
3.5 Baths
4,364 Sq Ft
-- Built

Recently Sold

$470 Per Sq Ft

18% Below List Price

54 Days on Market

Highlights

  • Open Floorplan
  • Clubhouse
  • 2 Car Attached Garage
  • Cushing Elementary School Rated A-
  • Main Floor Bedroom
  • Park

About This Home

As of October 2025

Finally, a coveted Water's Edge condo is coming to the market! This stunning, updated and meticulously-cared for side by side townhome style condo feels and lives more like a single family home. Recent high end updates including kitchen with SubZero, Wolf, Asko, Bosch etc., appliances, and updated bathrooms. Over 4,300 sq feet and three floors of gorgeous decor and finishes with a private attached 2 car garage, sweeping water views and lawns to the lake, a shared boathouse, private boat slip and great frontage on Nagawicka Lake. You can have the best of both worlds; luxury living and the fun of lake life without all the work, plus front row for the fireworks! All just a quick bike ride or stroll to downtown Delafield's restaurants, shopping, coffee shops, and Farmer's Market!

Last Agent to Sell the Property

Bruce Gallagher

Keller Williams Realty-Lake Country License #75491-94 Listed on: 06/19/2025

Keller Williams Realty-Lake Country

Last Buyer's Agent

Pat Bitterberg

Shorewest Realtors, Inc. License #17179-94

Shorewest Realtors, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,694

Parking

  • 2 Car Attached Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 4,364 Sq Ft Home
  • Multi-Level Property
  • Open Floorplan

Kitchen

  • Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Block Basement Construction
  • Basement Windows

Schools

  • Kettle Moraine Middle School
  • Kettle Moraine High School

Utilities

  • Water Softener is Owned

Listing and Financial Details

  • Exclusions: Seller's personal property.
  • Assessor Parcel Number DELC0788001010

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include lawn maintenance, snow removal, water, recreation facility, common area maintenance, common area insur

Amenities

  • Clubhouse

Recreation

  • Park

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,694

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condominium
  • Inclusions: All kitchen appliances, washer, dryer, water softener.
  • Directions: Milwaukee St. east from downtown Delafield
  • Unit Levels: Multi-Level
  • General Property Information:Condominium Name: Water's Edge
  • Property Information:Est Total Sq Ft: 4364
  • Special Features: None

Interior Features

  • Appliances: Water Softener Owned, Cooktop, Oven, Refrigerator, Disposal, Dishwasher, Microwave, Washer, Dryer
  • Accessibility Features: Stall Shower, Open Floor Plan, Full Bath on Main Level, Bedroom on Main Level, Laundry on Main Level
  • Has Basement: Partially Finished, Finished, Sump Pump, Full Size Windows, Block, Walk Out/Outer Door, Full
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Exclusions: Seller's personal property.
  • Construction Type: Brick, Wood

Garage/Parking

  • Garage Spaces: 2
  • Garage Type: Attached

Utilities

  • Sewer: Municipal Sewer

Condo/Co-op/Association

  • Amenities: Boat Dock, Clubhouse, Common Green Space
  • Association Fee: 883
  • Association: Yes

Fee Information

  • Association Fee Includes: Lawn Maintenance, Snow Removal, Water, Recreation Facility, Common Area Maint, Common Area Insur

Schools

  • Junior High Dist: Kettle Moraine
  • High School: Kettle Moraine
  • Middle Or Junior School: Kettle Moraine

Lot Info

  • Parcel #: DELC0788001010

Tax Info

  • Tax Annual Amount: 15693.72
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2025
Closed on
Sep 26, 2025
Sold by
Steven L Johnson Revocable Trust
Bought by
Michael J Schaeffer Revocable Trust and Mary Schaeffer Revocable Trust
Seller's Agent
Bruce Gallagher
Keller Williams Realty-Lake Country
Buyer's Agent
Pat Bitterberg
Shorewest Realtors, Inc.
List Price
$2,495,000
Sold Price
$2,050,000
Premium/Discount to List
-$445,000
-17.84%
Views
116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
220.66%

Purchase Details

Closed on
Oct 30, 2009
Sold by
Johnson Steven L and Johnson Catherine J
Bought by
Steven L Johnson Revocable Trust

Purchase Details

Closed on
Aug 21, 1997
Sold by
G&F Development Corp
Bought by
Johnson Steven L and Johnson Catherine J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.57%
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Deed $2,050,000 Focus Title
Interfamily Deed Transfer -- None Available
Warranty Deed $200,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $200,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2025 10/01/25 Sold $2,050,000 -10.7% $470 / Sq Ft
07/10/2025 07/10/25 Price Changed $2,295,000 -8.0% $526 / Sq Ft
06/19/2025 06/19/25 For Sale $2,495,000 -- $572 / 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
2024 $15,694 $1,153,300 $424,800 $728,500
2023 $15,337 $1,153,300 $424,800 $728,500
2022 $14,719 $1,153,300 $424,800 $728,500
2021 $14,163 $863,300 $354,000 $509,300
2020 $14,155 $863,300 $354,000 $509,300
2019 $13,561 $863,300 $354,000 $509,300
2018 $13,047 $852,300 $354,000 $498,300
2017 $12,875 $852,300 $354,000 $498,300
2016 $13,097 $852,300 $354,000 $498,300
2015 $13,515 $852,300 $354,000 $498,300
2014 $13,991 $852,300 $354,000 $498,300
2013 $13,991 $846,000 $354,000 $492,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Metro MLS

MLS Number: 1922002

Metro MLS

APN: DELC-0788-001-010