Golf Course Residential Income
For Sale
$699,900
106 Aspen Glen Drive, Spring Green, WI 53588
Contemporary resort-style condo with expansive interiors, multiple outdoor living areas, and fairway and countryside views.
Property Size2,963 SF
Price / SF$236.21
Days on Market217
Property Features for 106 Aspen Glen Drive
General Information
Standard status
Active
Size
2,963 SF
Property subtype
Single Family / 1 story
Zoning
R2
Taxes and HOA fees
Annual Taxes
$5,690
Amenities
Full, Full Size Windows/Exposed, Walkout to yard, Finished, 8'+ Ceiling, Poured concrete foundatn
seller's personal property
oven, fridge, microwave, dishwasher, washer, dryer, water softener, window coverings
Forced air, Central air, Zoned Heating
Walk-in closet(s), Great room, Vaulted ceiling, Skylight(s), Washer, Dryer, Water softener inc, Wet bar, Cable available, At Least 1 tub, Split bedrooms, Internet - Cable, All Window Coverings
Stucco, Stone
Gas
Deck, Patio
Building Details
Year Built
1999
Listing Agency:
Compass
Listed By:
Aaron Weber · License #56448-90
(608) 556-4179
Source:
Compass
Added: Mar 13
Changed: Oct 11
Last Checked: Oct 15 at 1:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
This custom-built contemporary condo offers 2,963 square feet of open-concept living space in a resort golf setting. The interior includes hardwood, ceramic, laminate, and carpet flooring, vaulted ceilings, a skylight, recessed lighting, corner windows, and two gas fireplaces. The kitchen is equipped with premium appliances and connects to a private deck and screened porch. The primary suite includes a marble ensuite, separate shower, and walk-in closet, while the finished lower level adds a family room, bedroom, bar area, and dedicated wine storage.
The residence includes 3 bedrooms and 3 bathrooms, along with custom closet storage, forced-air and central-air systems, zoned heating, and a water softener. Exterior materials include wood, brick, stucco, and stone. The property is located at House on the Rock Golf Resort in Spring Green, near Spring Green Golf Course, Taliesin, American Players Theatre, shops, dining, and recreation. Zoning is RES.
The residence includes 3 bedrooms and 3 bathrooms, along with custom closet storage, forced-air and central-air systems, zoned heating, and a water softener. Exterior materials include wood, brick, stucco, and stone. The property is located at House on the Rock Golf Resort in Spring Green, near Spring Green Golf Course, Taliesin, American Players Theatre, shops, dining, and recreation. Zoning is RES.
Key Highlights
- 2,963‑square‑foot custom contemporary condo
- 3 bedrooms and 3 bathrooms
- Finished lower level with family room, bedroom, bar area, and wine storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,523
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,460
$490.5K
Cap Rate 7%
$350,329
$350.3K
Cap Rate 9%
$272,478
$272.5K
Market Conditions
NOI Build-Up for 2,963 SF
Gross rent
$46.9K $15.84/SF
− Vacancy
−$2.3K −$0.79/SF
EGI
$44.6K $15.05/SF
− OpEx
−$20.1K −$6.77/SF
NOI
$24.5K $8.28/SF
Area
Sauk County, WI
Vacancy
5.00%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,460
Cap Rate 7%
$350,329
Cap Rate 9%
$272,478
Alternative Uses
Best Use
Apartment 5plus
$350.3K
$306.5K – $408.7K
NOI $24,523 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$599.8K
$524.8K – $699.8K
NOI $41,985 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 53588, WI
4,139
Population
1,944
Households
2.1
Avg Household Size
50
Median Age
32%
College-Educated
95%
High-School Grad
139.9 sq mi
ZIP Area
30
Density / Sq Mi
$88,359
Median Household Income
$47,407
Median Earnings
$956
Median Rent
$273,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Contemporary resort-style condo with expansive interiors, multiple outdoor living areas, and fairway and countryside views.
Where is this residential income property located?
The property is located at 106 Aspen Glen Drive Spring Green, WI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 2,963‑square‑foot custom contemporary condo; 3 bedrooms and 3 bathrooms; Finished lower level with family room, bedroom, bar area, and wine storage
