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1313 North Franklin PLACE Unit 1002, Milwaukee, WI
Embrace elevated downtown living at the prestigious Breakwater. This 10th-floor 1BR, 1.5BA residence offers breathtaking views of the Milwaukee skyline. The open-concept layout features a spacious kitchen with an expansive breakfast bar, flowing seamlessly into the bright living area and out to a private balcony--perfect for entertaining or relaxing above the city. The serene bedroom includes a walk-through closet with built-ins and a spa-like ensuite bath. Guests will appreciate the convenient half bath, and in-unit laundry adds everyday ease. Enjoy luxury amenities including concierge service, fitness center, heated garage parking, and private storage--all just steps from Milwaukee's finest dining, nightlife, and the lakefront.

Fizbo Market Record — March 30, 2026 Compared against 381 active listings in Milwaukee, 182,059 across the country, and a total of 182,059 nationwide, here is where this property stands. This condo at Breakwater is a 1-bedroom, 2-bathroom unit with 1,119 square feet built in 2009. The listing notes that it features an open-concept layout, a kitchen with an expansive breakfast bar, and a private balcony offering views of the Milwaukee skyline. It also includes a walk-through closet with built-ins, a spa-like ensuite bath, and in-unit laundry. Priced at $449,900, this property ranks as one of the most expensive listings in the city, priced above 92% of active inventory in Milwaukee. In fact, it's only surpassed by just 8% of city listings. At 2.2 times the city median price, it's clear that this listing is positioned at a premium. When looking at statewide comparisons, however, its price percentile drops to 63rd, indicating some relative affordability. The property's square footage of 1,119 sqft puts it in the 45th percentile among competing listings in Milwaukee, which may be a concern for buyers seeking more space. However, its price per square foot is an 94th percentile, suggesting that the seller is pricing this unit aggressively to attract buyers who value luxury and convenience. One notable differentiator of this listing is its age - built in 2009, it's one of the newer units on the market, with only 5% of competing listings being newer. This could be a selling point for buyers seeking modern amenities without the high price tag associated with new construction. On the other hand, the absence of an in-unit garage may be a drawback for some buyers, as 62% of listings in this market include one. With just 381 active listings in Milwaukee to compete against, and an average days on market of 0, it's clear that this market is extremely competitive. The listing's price/sqft ratio of $402 per sqft is significantly higher than the city average of $198, indicating a strong value proposition for buyers willing to pay a premium for luxury amenities and downtown living.
Property Type
Condo
Year Built
2009
Price / Sqft
$402
Full Baths
1
Half Baths
1
MLS #
714380808000
Listing Type
Residential
Market
WIREX
District
Milwaukee
1313 North Franklin PLACE Unit 1002, Milwaukee, WI 53202 — MILWAUKEE County
Houseworks Collective Team*
Keller Williams Realty-Milwaukee North Shore

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How this home compares across city, state, and national benchmarks
Listed at $449,900, this 1-bed condo in Milwaukee is 162% above the Census median home value of $172,000 for Milwaukee. Compared to 51 other 1-bed homes in Milwaukee (averaging $250,594), this property is 80% above average. Wisconsin's median home value is $185,457, putting this listing 143% above the state benchmark. The U.S. national median home value is $334,900.
Where this listing falls among 441 homes for sale
Standout Features
Milwaukee has a population of 569,756 with a median household income of $51,888 and a homeownership rate of 41.5%. The median home value is $172,000 and the median rent is $1,033/mo.
Sources: U.S. Census Bureau ACS 2023, Fizbo listing data