Lake Geneva Waterfront Home Sells for $10.3M

A spacious Lake Geneva waterfront home sold Friday for $10.3 million, among the highest priced home deals in the Wisconsin resort town this year.

The 7,900-square-foot house at 620 South Lake Shore Drive sits on the east end of the lake, a short walk from downtown Lake Geneva. Occupying a 2-acre lot, the house has seven bedrooms, seven bathrooms and 121 feet of lake frontage.

The house, one of the few lakefront properties for sale on Geneva Lake, sold for close to $500,000 — or about 5 percent — above the asking price. The seller received five offers for the house, said Bob Webster, the Compass agent who had the listing. Webster also represented the buyer on the transaction.

The house was advertised as “coming soon” on the Milwaukee-area MLS Aug. 26 and was officially listed Sept. 2. By Sept. 5, it was under contract with the buyer.

“The market is still very, very strong,” Webster said. “If we had two or three more homes just like this for sale right now, I think they would probably go quickly as well.”

The sale price makes it the second most expensive home on Geneva Lake to sell this year, slightly surpassing a $10.1 million home that sold in August. The priciest sale this year was a nearly 11,000 square-foot waterfront mansion that sold for $20 million in June.

The latest buyers already have a property on Lake Geneva and are trading up for the larger house, Webster said. He declined to identify the buyers. In addition to the sale price, Webster said the buyers also paid an amount “in the small hundreds of thousands of dollars” for personal property like furniture included with the house.

The appeal of the house came from its proximity to Lake Geneva’s downtown area, while also being on a secluded driveway on the lakefront, Webster said.

Property tax records link the house to a trust under the name Lynette M. Heimann that appears to be the seller. It paid $90,000 in property taxes in 2024, Walworth County records show.

The sale follows a strong run of top-dollar sales on the shores of Geneva Lake this fall. Brokers in the area have said demand is at the highest level they’ve seen, and very few high-end properties are going on the market.

Webster sold another lakefront house for $8.7 million earlier this week, and a house at an exclusive club with a shared beach sold off-market earlier this month for $7 million. Another lakefront house sold Oct. 21 for $8.6 million, and two other lakefront homes worth more than $5 million are under contract.

Both the South Lake Shore Drive property and the other property Webster recently sold hit the market at the same time, and were marketed using a delayed listing strategy that shows the properties as “coming soon” before they officially go on the market.

Webster said that strategy, rather than marketing the houses off public channels as an exclusive listing, worked well for the properties and allowed them to get broad exposure.

“I think the strategy worked exactly to both sellers’ advantage, because it gave us time to get it out in the market and let it percolate a little bit,” he said.