December 5 2018
3 Acres on the Lake
710 E Ravine DR Mequon [map]
Three-bedroom home on three acres overlooking Lake Michigan in Mequon, listed by Jim Ollrogge of First Weber.
This home is located directly to the north of Virmond Park, along Lake Shore Drive in Southeastern Mequon.
This older three-bedroom home on three acres overlooking Lake Michigan has been listed for most of 2018 (it sold in 2006 for $985k). It's being marketed as land and thus the lack of photos of the house (and the big price tag for a three-bedroom home in Mequon).
There are currently several construction projects along this stretch of Lake Michigan in Mequon and this might be the nicest piece of property available. In comparison, lots in Mequon's Wildwood Preserve (just south of this location) sell for around $500k, but without lake views. And we recently featured a home on the Lake in Bayside last week (link here) that is listed for $1.1m. But this is the effect that Mequon's lower taxes has on real estate - the potential for a lower tax rate on a large new construction with Lake views results in a higher list price. It will be interesting to see what this eventually sells for.
Pictures and details including a survey via the 'link to listing,' below.