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$474,900
2 bd | 2 ba | 1,555 sqft · Condo
135 Phantom Lake Ct, Mukwonago, WI 53149
Rentals: Room tax, no local license found
Listing courtesy of Lake Country Flat Fee · MLS# 1981935
Phantom Lakes Preserve
Condo association on Phantom Lakes, in the Village of Mukwonago. Lakefront.
Also known as: Unit Owners of Phantom Lakes Preserve Condominium (county parcel records); County plat: Phantom Lakes Preserve Condominium
Condo associationLakefront
Researched by ELITE Lake Real Estate · Last checked November 2026 · Sources
Homes for sale in Phantom Lakes Preserve
1 home in Phantom Lakes Preserve for sale now. Open it in the full map search, or see every home for sale in Village of Mukwonago.
The shaded area is Phantom Lakes Preserve as recorded in county plat maps. Click a price for photos. Boundaries are approximate; confirm lot lines with a survey.
Sold in Phantom Lakes Preserve in the last 12 months
3 homes sold, at a median of $460,000 after a median 78 days on market, for 99% of the asking price.
Sold Oct 6, 2026$460,000
Asking $474,900 · 97% of asking · 13 days on market
2 bd · 2 ba · 1,555 sqft · Condo
147 Phantom Lake Ct, Mukwonago, WI 53149
Listing courtesy of Keller Williams Realty-Lake Country · MLS# 1978022
Sold Sep 25, 2026$415,000
Asking $419,900 · 99% of asking · 84 days on market
2 bd · 2 ba · 1,555 sqft · Condo
106 Phantom Lake Ct, Mukwonago, WI 53149
Listing courtesy of Shorewest Realtors, Inc. · MLS# 1966766
Sold Dec 12, 2025$482,000
Asking $484,000 · 100% of asking · 78 days on market
2 bd · 2 ba · 1,555 sqft · Condo
166 Phantom Lake Ct, Mukwonago, WI 53149
Listing courtesy of Prestige Realty WI LLC · MLS# 1930338
About Phantom Lakes Preserve
Condominium recorded in 2020 on the northwest shore of Lower Phantom Lake, in the Village. The unit owners association holds about 21 acres of common land along the shore (county parcel records).
Where it is: Streets include Phantom Lake Court
Lake access
All 21 parcels in the plat touch the shoreline on the county parcel map; Unit Owners of Phantom Lakes Preserve Condominuim owns a parcel on the shoreline
Rental rules
Can you rent out a home in Phantom Lakes Preserve?
It depends on where the home sits in the Village of Mukwonago. Phantom Lakes Preserve's details are below.
Village of Mukwonago
Room tax, no local license found- Waukesha County Environmental Health licenses and inspects every short-term rental in the county for the state. The license runs July 1 to June 30, and the home must pass a pre-license inspection before the first guest.
- The Village charges a 6% room tax on short stays (Village Code § 78-3), reported and paid quarterly.
- We found no Village short-term rental license or minimum stay published online (checked November 2026). Ask the Village about zoning for a specific address.
Confirm with: Village of Mukwonago Clerk and Waukesha County Environmental Health
Phantom Lakes Preserve rules
Not publishedWe found no published rental rules for this community. That does not mean rentals are allowed. Covenants and association rules can still limit them, so we check the recorded documents before you buy.
Rules checked November 2026. Next review February 2027. General information, not legal advice. Check another address
Thinking about Phantom Lakes Preserve?
Get new listing alerts for this community, or ask me anything about it: lake rights, dues, rental rules, what homes sell for. Buying from Chicago? I'll tour any home for you and send a video the same day.
Sources
Researched by ELITE Lake Real Estate from county land records, town and village rules, and association and club information. Dues, amenities and rules change over time, so confirm everything for a specific home before you buy.