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    2937 N Mill Rd Oconomowoc, WI 53066

    For Sale
    $3,750,000

    Residential - Summit, WI

    Lot size:
    6.40 Acres
    Days on Market:
    91
    Last Refresh:
    Dec 10 at 8:06 am

    Property Features for 2937 N Mill Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RES
    APN
    SUMT0625996
    Lot size
    6.40 Acres

    Utilities

    Water front features
    Lake, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    Juniper Real Estate LLC dba Keller Williams Realty Milwaukee North Shore (414) 962-3605 [email protected]

    Listing agent The Bruce Gallagher Team* (414) 962-3605 License #75491-94

    Listing date Sep 11, 2025

    MLS# 1934874 Listing URL

    Copyright © 2025 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lakefront Property with Development Potential

    This unique property, known as "Wildwood", spans over 6.4 acres and includes 175 feet of frontage on Upper Nemahbin Lake. The land offers privacy and potential, featuring old-growth woods, open spaces, and varied topography, along with lake and sunset views. A long private driveway leads to the building site. Existing vintage structures include a barn, an original chicken coop, an open-air garage, and a coach house with two separate living spaces. The property is located near downtown Delafield. An additional contiguous 4-acre parcel is also available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Building Supply Auto Repair Shop Hotel & Motel Gym & Fitness Kitchen & Bath Accounting Firm Tailor Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oconomowoc
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.424048
    Latitude
    43.074294

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    FAQs

    What type of property is this?
    Residential land & home lot - Rare 6.4-acre lakefront property with development potential in Summit, WI.
    Where is this residential land & home lot located?
    The property is located at 2937 N Mill Rd Oconomowoc, WI.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: - 6.4+ acre property with **175' of frontage on Upper Nemahbin Lake**.; - High degree of privacy on a stunning natural property.; - Enjoy lake and sunset views.
    (414) 962-3605
    Request Owner's contact information
    2937 N Mill Rd Oconomowoc, WI 53066
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    Oconomowoc, WI 53066
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2937 N Mill Rd Oconomowoc, WI 53066
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