Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Castaway Lake Waterfront Acreage Title is generated by Realmo AI

    W5601 Castaway Drive, New Lisbon, WI 53950

    View on Map
    Claim this Listing
    New
    For Sale
    $85,900

    Rural - New Lisbon, WI

    Lot size:
    0.52 Acres
    Added:
    May 5, 2026
    Days on Market:
    7
    Last Refresh:
    May 11 at 12:06 am

    Property Features for W5601 Castaway Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R
    Exterior features
    None
    Standard status
    Active
    APN
    290122262.235
    Lot size
    0.52 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1531
    Expense value
    650
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Seth Tully

    Listing agent Seth Tully

    Listing office Castle Rock Realty LLC 104 W State St. (CC), Mauston, WI

    Listing date May 5, 2026

    MLS# 2022390 Listing URL

    Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Direct lake access with over 100 feet of waterfront footage on Castaway Lake.
    • Ready to build: utilities available and public sanitary sewer in place.
    • Located in the desirable Copper Point community with protective covenants.
    • Stunning lake views from a .52 acre lot.
    • Access to clubhouse with indoor pool and pickleball courts.
    • Ideal for a year‑round residence or weekend getaway in Wisconsin's lake country.

    Overview

    This .52 acre vacant lot is located in the Copper Point community and offers lake views. The property has over 100 feet of waterfront footage on Castaway Lake in Juneau County, Wisconsin. Utilities are available, and public sanitary sewer is in place. The parcel is part of a planned community with protective covenants. The property is suitable for building a custom year-round residence or a weekend escape. The location is across the road from a club house with an indoor pool and pickleball courts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Hotel & Motel Garden Center Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    New Lisbon
    County
    Juneau
    State
    Wisconsin
    Longitude
    -90.0554313
    Latitude
    43.9354471

    Nearby Similar for Sale

    • $60,000

      Ready-to-Use 1.5-Acre Wooded Lot

      Cleared 1.5-acre lot near Castle Rock Lake Recreation Area.
      W6187 County Road A, New Lisbon, WI 53950
      View Details
    • $199,500

      Castle Rock Lake Waterfront Lot

      Over one acre waterfront lot on Castle Rock Lake.
      W5431 Northface Circle, New Lisbon, WI 53950
      View Details
    • $222,500

      Waterfront Land in Copper Point

      2.72 acres of wooded waterfront land on Castle Rock Lake.
      W5515 Windover Ct, New Lisbon, WI 53950
      View Details
    • $45,000

      Wooded Land in Castle Rock

      0.92 acre wooded land with utilities and lake access.
      N8275 Woodland Trail, New Lisbon, WI 53950
      View Details
    • $105,000

      Waterfront Lot on Island Lake

      Build your dream home on this waterfront lot!
      N8815 N Fly Rod Court, New Lisbon, WI 53950
      View Details
    • $229,900

      Castle Rock Lake Waterfront Lot

      Wooded waterfront lot with resort-style amenities on Castle Rock Lake.
      Lot 6 Cherokee Lane, New Lisbon, WI 53950
      View Details
    • $125,000

      Beach Lake Waterfront Homesite

      Lakefront homesite with short-term rental potential near Castle Rock Lake.
      N7654 Beach Landing, New Lisbon, WI 53950
      View Details
    • $48,950

      Waterfront Lot on Castle Rock

      0.61-acre wooded lot with access to Castle Rock Lake.
      N8034 North Shore Drive, New Lisbon, WI 53950
      View Details
    • $150,000

      Waterfront Lot on Castle Rock

      Wooded 0.91-acre waterfront lot with 158 feet of frontage.
      W5541 Windover Court, New Lisbon, WI 53950
      View Details
    • $119,999

      Vacant Lot Near Castle Rock Lake

      Vacant lot with deeded lake access for recreation and living.
      Lot 3 Meadow Drive, New Lisbon, WI 53950
      View Details
    • $48,000

      Buildable Lot Near Castle Rock

      0.61-acre wooded lot in waterfront community near Castle Rock Lake.
      N8038 North Shore Drive, New Lisbon, WI 53950
      View Details
    • $48,000

      Buildable Lot Near Castle Rock

      0.64-acre buildable lot in waterfront community near Castle Rock Lake.
      N8042 North Shore Drive, New Lisbon, WI 53950
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Vacant lot with lake access in Copper Point community.
    Where is this waterfront land located?
    The property is located at W5601 Castaway Drive New Lisbon, WI.
    What is the asking price?
    The asking price for this property is $85,900.
    What are key features of this property?
    This property features: Direct lake access with over 100 feet of waterfront footage on Castaway Lake.; Ready to build: utilities available and public sanitary sewer in place.; Located in the desirable Copper Point community with protective covenants.
    (608) 547-8874
    We can help!
    Listing Contact
    Seth Tully
    Real Estate License ID: 94337-94
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    W5601 Castaway Drive, New Lisbon, WI 53950
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!