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Listing provided courtesy of Shorewest Realtors - South MetroMetro MLS- MLS# 1942850MLS ProviderContact Information: [email protected]

Lt7 W Terrace DrFranklin, WI 53132

Vacant Land · 6.46 Acres
$699,000 Active

Lt7 W Terrace Dr Overview

Time on Site:
228 days
Visits:
3

Discover an incredible opportunity to own 6.46 wooded acres in the desirable Franklin Plaza Subdivision. Unique parcel offers a peaceful, natural setting with mature trees & some wetland areas. Perfect for those who appreciate privacy & nature. Conveniently located near popular restaurants, shopping, & local bars, it's the ideal spot to enjoy both tranquility & easy access to amenities. With an entrance from Terrace Drive, this land provides a rare chance to design & custom build the property you've always envisioned. Franklin is a family-first community known for its safety, top-rated schools, & welcoming neighborhoods. Enjoy nearly 4,000 acres of parks, beautiful gardens, golf courses, & miles of scenic trails. Great for outdoor living all year long. It's a wonderful place to call home!

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Lt7 W Terrace Dr Facts & Features

  • Type Vacant Land
  • Lot 6.46 Acres

Details

General

School Information

  • School District: Franklin Public
  • Middle Or Junior School: Forest Park
  • High School: Franklin

Listing Information

  • Concessions: Yes

Business Information

  • Current Use: None

Location/Region

  • County Or Parish: Milwaukee
  • Postal City: Franklin

Tax Information

  • Tax Annual Amount: 3438.62
  • Tax Year: 2024

General Information

  • Parcel Number: 7550198000
  • Property Sub Type: Vacant Land
  • Property Type: Land
  • Zoning: R-8

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Building Features: Near Recreation Area

Exterior

Lot Information

  • Lot Size Acres: 6.46
  • Lot Size Area: 6.46
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 281397.6
  • Lot Size Units: Acres

General Information

  • Other Structures: None
  • Road Frontage Type: None,Service-City/Village
  • Utilities: Water Lateral to Lot,None

Lt7 W Terrace Dr Neighborhood

Community

53132 (FRANKLIN) Demographics

43
Median Age
1,021
Population Density (per sq. mile)
49%
College Educated
$82,125
Estimated Median Income
10,609
Estimated Total Home Owners
2,905
Estimated Total Renters
79% / 21%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Lt7 W Terrace Dr Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Lt7 W Terrace Dr Market Data

Based on the last 30 days in this zip code

$565,676
Average List Price
$242
Average Price per Square Foot
50
Properties Sold
36
Average Days on Market
83
Properties for Sale
Calculations provided by Reliance Network

Lt7 W Terrace Dr History

Date Event Value Agent
4/6/2026Source: Metro MLS Price Reduction
$699,000 -3.6%
11/18/2025Source: Metro MLS Status Change
ACTIVE
11/13/2025Source: Metro MLS Added to Database
November 13, 2025
7/28/2025Source: Metro MLS Added to Database
September 14, 2022