Under contract

$569,000

531 Milwaukee Ave E, Fort Atkinson, WI 53538

4beds

2,329sqft

$3,504/mo

Get pre-qualified

Single Family Residence

Built in 1935

0.25 Acres Lot

$573,600 Zestimate^®

$244/sqft

$-- HOA

What's special

Enjoy riverfront living with direct access to the Rock River and just minutes to Lake Koshkonong in this Sears Catalog Craftsman home. Currently operating as a successful short-term rental, 153 five star reviews, 8.88% Cap rate, this property offers a rare opportunity as a turnkey vacation home, income-producing investment, or private waterfront retreat. Located on a quiet no-wake section of the river and close to Fort Atkinson amenities, the home features 4 bedrooms and 2.5 baths with multiple indoor and outdoor spaces designed for entertaining. A 2.5-car garage provides ample space for extra amenities, vehicles, storage, waterfront toys and more! Enjoy peaceful water views, fishing from the private pier, kayaking, paddleboarding, boating, and evenings around the fire pit. Above the garage, the Eagle’s Nest Lodge adds 625 sq ft of bonus space featuring a bar area, jukebox, and balcony overlooking the river—perfect for gathering and making memories.

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1
Main level bathrooms: 1

Primary bedroom

Level: Lower
Area: 216
Dimensions: 18 x 12

Bedroom 2

Level: Upper
Area: 270
Dimensions: 18 x 15

Bedroom 3

Level: Upper
Area: 130
Dimensions: 13 x 10

Bedroom 4

Level: Upper
Area: 130
Dimensions: 13 x 10

Dining room

Level: Main
Area: 154
Dimensions: 14 x 11

Kitchen

Features: Dishwasher, Microwave, Pantry, Range/Oven, Refrigerator
Level: Main
Area: 110
Dimensions: 11 x 10

Living room

Level: Main
Area: 260
Dimensions: 13 x 20

Heating

Forced Air

Cooling

Central Air

Appliances

Included: Washer, Dryer

Features

At Least 1 tub, Bonus Room
Windows: Window Coverings
Basement: Full,Partially Finished,Sump Pump
Number of fireplaces: 1
Fireplace features: 1 fireplace, Gas

Interior area

Total structure area: 2,329
Total interior livable area: 2,329 sqft
Finished area above ground: 2,064

Property

Parking

Total spaces: 2
Parking features: 2 car, Attached, Heated Garage
Attached garage spaces: 2
Has uncovered spaces: Yes

Features

Levels: One and One Half
Stories: 1.5
Patio & porch: Deck
On waterfront: Yes
Waterfront features: Dock/Pier, Waterfront, River Front
Body of water: Rock
Frontage length: Waterfront: 50

Lot

Size: 0.25 Acres

Details

Parcel number: 22605140324003
Zoning: Res

Construction

Type & style

Home type: SingleFamily
Architectural style: Prairie/Craftsman
Property subtype: Single Family Residence

Materials

Vinyl Siding

Condition

Year built: 1935

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Fort Atkinson

Financial & listing details

Price per square foot: $244/sqft
Tax assessed value: $326,100
Annual tax amount: $6,373
Date on market: 6/24/2026
Inclusions: All items/furnishings used for VRBO/Airbnb (see inclusions list in Associated Docs).

Estimated market value

$573,600

$545,000 - $602,000

$2,678/mo

Price history

Date	Event	Price
7/1/2026	Contingent	$569,000$244/sqft
Source: SCWMLS #2026565 Report a problem
6/24/2026	Listed for sale	$569,000+37.9%$244/sqft
Source: SCWMLS #2026565 Report a problem
4/30/2021	Sold	$412,500+3.2%$177/sqft
Source: SCWMLS #1904212 Report a problem
4/11/2021	Pending sale	$399,900$172/sqft
Source: SCWMLS #1904212 Report a problem
3/24/2021	Listed for sale	$399,900+72.4%$172/sqft
Source: SCWMLS #1904212 Report a problem
5/20/2008	Sold	$232,000$100/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$6,124 +0.8%	$326,100
2023	$6,074 -8.6%	$326,100 +38%
2022	$6,647 +15.2%	$236,300 +2.2%
2021	$5,769 +4.7%	$231,300
2020	$5,510 +3.6%	$231,300
2019	$5,317 +11.3%	$231,300 +3.1%
2017	$4,776 +23.8%	$224,300 +28.6%
2016	$3,856 +0.6%	$174,400
2015	$3,833 +3.5%	$174,400
2014	$3,702 -2.6%	$174,400
2013	$3,799 -0.5%	$174,400
2012	$3,820 +1.7%	$174,400
2011	$3,755 +2.7%	$174,400
2010	$3,658 +3.4%	$174,400
2009	$3,539 +10.8%	$174,400 +6.9%
2008	$3,195 -2.1%	$163,100
2007	$3,264 +2.5%	$163,100
2006	$3,185 +4.9%	$163,100 +36.8%
2005	$3,036 -5.2%	$119,200
2004	$3,201 +3.1%	$119,200
2003	$3,104 +2.7%	$119,200
2002	$3,022 +26.6%	$119,200 +22.4%
2000	$2,388	$97,400