Lighthouse Bay Duplex with Boat
5325 Lighthouse Bay Drive Madison, WI 53704
5325 Lighthouse Bay Drive, Madison, WI, 53704
$625,000
For Sale
$625,000
Duplex with lake views, boat slip, and spacious floor plan.
Property Size2,229 SF
Price / SF$280.39
Days on Market339
Property Features for 5325 Lighthouse Bay Drive
General Information
- Standard status
- Active
- Size
- 2,229 SF
- Property subtype
- Condominium
Building Details
- Year Built
- 1989
Listing Agency
Premier Realty Team, LLC
(608) 235-6868
Listed by
Dana Doskocil · License #58889
(608) 235-6868
Source
Kw
Added: Aug 14, 2025 Checked: Jul 17 at 5:25 am
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 Premier Realty Team, LLC
Investment Insights
Based on property information with market context.
Located in Lighthouse Bay Condominiums on the shores of Mendota & Yahara, this duplex ranch home features a classic 80s design with abundant natural light and an efficient floor plan. The property has been well-maintained in a smoke and pet-free environment. It includes a deep boat slip. Both the main and guest bedrooms have private bathrooms. The expansive main level design is suitable for entertaining and features double doors to the primary en suite, which includes a jetted tub, step-in shower, walk-in closet, and double vanity. French doors lead to an office or flex space, formerly the third bedroom. The great room offers lake views and a wood-burning fireplace. A chef's pass-through enhances the kitchen area. The property includes an 18x16 deck with an awning and a 2-car garage. Residents have access to tennis courts. No flood insurance is required. After 27 years of relaxation, the time has come to sail on.
Key Highlights
- Deepest boat slip available on Mendota & Yahara shores.
- Expansive main level design perfect for entertaining with lake views.
- Main and guest bedrooms have private baths.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.1k | $19.80 |
| − Vacancy | −$2.0k | −$0.89 |
| EGI | $42.1k | $18.91 |
| − OpEx | −$12.6k | −$5.67 |
| NOI | $29.5k | $13.24 |
2,229 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$421.5K
$368.8K – $491.7K
NOI $29,504 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$390.6K
$341.8K – $455.7K
NOI $27,341 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$651.1K
$569.7K – $759.7K
NOI $45,579 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with lake views, boat slip, and spacious floor plan.
Where is this duplex located?
The property is located at 5325 Lighthouse Bay Drive Madison, WI.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Deepest boat slip available on Mendota & Yahara shores.; Expansive main level design perfect for entertaining with lake views.; Main and guest bedrooms have private baths.
