Madison Wisconsin Real Estate News

One of the most common requests we get from newcomers to Madison is about our lakes, and how to buy a home on one of them. By far, Lake Mendota, the city’s largest lake, seems to be the most popular and most homebuyers assume you need at least $1 million to buy lakefront property.

Au contraire, our water-view lusting friends. Just today, we’ve found three homes and a gorgeous buildable lot for sale on Lake Mendota that you can purchase for less than $650,000 – two of them for a lot less!

$320,000

Condo living does offer perks, and a condo at The Cove offers more than most. How does private lake access and a boat slip right on Lake Mendota sound? But, that’s only the beginning of what this home has to offer.

Lake views, underground parking and proximity to bike and walking paths and the area’s convenient location, close to the university, make the community a high-demand place to live.

This particular home offers two bedrooms (one with a Murphy bed!) and 1.5 bathrooms in 1,130 square feet of living space. The kitchen appears a bit dated but it wouldn’t take much to bring it up to speed and, at this price, you can afford to have the work done and add value to the home.

Check out the details and photos of this Lake Mendota home, here.

$399,900

Having one lake view from a home is the dream of many – how about lake views from every single room in your home? This 2-bedroom, 2-bathroom, corner-located condo also at The Cove offers just that. The community is located on Lake Mendota’s southwest shores, north of Shorewood Hills. Surrounded by woods and nestled right on the lake’s shores, it’s one gorgeous spot. Bring the boat, because this unit comes with a boat slip.

The current homeowners have been renovating the unit over the past five years by adding granite counters and top-of-the-line appliances and cabinets to the kitchen, new bamboo flooring throughout the home and two new air conditioning units.

The home features 1,240 square feet of living space. We love the roomy living room with its spectacular view but those gorgeous floors throughout really cinched it for us.

View photos of this Lake Mendota condo here.

$549,000

Talk about an idyllic location! This 1/3-acre lot sits on Spring Harbor and is ready to build on. The property already includes a two-car garage with living space (bathroom, kitchenette and a second-story deck) and it comes with house plans for a green home. A simply gorgeous location on which to build your dream lake home and you can view the property here.

$629,900

There is loads of room in this house: 5 bedrooms, 2.5 bathrooms in 2,249 square feet of living space. The home sits on a double lot (a total of .37 acres), across the street from the lake. The home is being sold as-is and we’re not sure what type of work it needs, but it’s worth checking out if your dream is to live with a view of Lake Mendota. This home is listed at $629,900 and you can view photos of it here.