$375,641Average Value$264Average Price per Sq Ft1Home For Sale
A quiet, established community near Lake Monona
Located along Lake Monona’s eastern banks, Lake Edge is a quiet residential community within walking distance of restaurants, recreation and some of the most popular outdoor amenities in Wisconsin’s capital city. Perhaps one of the most appealing things about Lake Edge is that its proximity to the lake doesn’t necessarily correlate to an uptick in home prices, because most homes are inland and on the smaller side — the average square footage is around 1,450 square feet — homebuyers actually enjoy prices below the median for Dane County, attracting everyone from first-time buyers to empty nesters.
Walkable recreation, indoors and out
Wisconsin’s capital city is an outdoor-lover’s dream, with public parks, lakeside amenities and green spaces. Tucked away in the neighborhood is Lake Edge Park, situated on five tranquil acres. The park is home to a medium-sized pavilion with picnic tables, a large field for sports, an all-ages play area and public bathrooms. The Monona Golf Course, operated by the city of Madison, is public and within walking distance. The executive course is a favorite in town, known to be well-kept with a challenging layout. And of course, there are several public parks along the edge of Lake Monona easily accessible to Lake Edge residents, the nearest being Olbrich Park. Residents can come to this 90-acre space to rent a boat, visit the Olbrich Botanical Gardens, have a snack at the Biergarten or watch downtown Madison twinkle across the lake at sunset. On cold or rainy days, the Nerdhaven Arcade, Pinney Library and neighborhood YMCA are within walking distance from many homes.
Visitors connect with nature on the many walking paths at the Olbrich Botanical Gardens.
There are many fishing opportunities along Lake Monona at Olbrich Park.
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Where to shop and dine around Lake Edge
Lake Edge’s character is largely residential, but business districts form the northern and eastern borders; it’s along the northern edge where residents can find Chief’s Tavern, a classic neighborhood dive bar decorated with wood paneling and Christmas lights. Known for its live music, guests rave about the selection of craft beers on tap and the happy hour prices. Dairyland Family Restaurant near the Route 51 interchange is a local diner featuring classic American fare. It’s the quintessential greasy spoon, serving up large portions of homestyle favorites such as French toast and biscuits and gravy. To stock up on groceries and essentials, Woodman’s Food Market is only about a mile north of the neighborhood. And near the edge of the lake, just south of Olbrich Park, a community organization of business owners called The East Side Club maintains a space — tiki bar and all — for people to get together, listen to live music, have fish frys on Fridays and generally get to know other members of the community.
Residents shop for weekly groceries at Woodman's Food Market.
Residents stock up on coffee and other essentials at Woodman's Food Market.
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What to expect when house-hunting in Lake Edge
The real estate market in Lake Edge is competitive. “There isn’t a lot that becomes available,” says Realtor Michael Schuster of The Madison Home Team for RE/MAX Preferred Real Estate. “I’ve held open houses in that neighborhood and often people grow up in that neighborhood, go away for school and careers, and then they want to come back.” The neighborhood is primarily single-family, with a handful of apartment complexes and condominiums overlooking the water. The streets lack sidewalks in most of Lake Edge, but most houses have a driveway, and some come with a garage. Many yards, on lots of about a quarter-acre, are adorned with brightly colored flowers. Most of the homes were built between the 1930s and 1980s, so there are a lot of ramblers, cottages and Cape Cods that line the streets below a shaded canopy of mature tree growth. “It kind of lends itself to smaller houses, so it’s a little more affordable for first-time homebuyers to get themselves into a home,” says Schuster. Homes typically range in price from $200,000 to the mid-$400,000s. Waterfront condos have recently sold for between $750,000 to $1.25 million.
Residents appreciate their spacious yards in Lake Edge.
Colorful ramblers add charm to the residential streets in Lake Edge.
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Schools that serve the neighborhood
Children in Lake Edge attend schools in the Madison Metropolitan School District like Southside Elementary School, which opened in 2023. Students then usually attend Sennett Middle School, which is graded C-plus by Niche; the school has a dual language immersion program where classes are taught in Spanish and English. Next door to the middle school is La Follette High School, a B-rated school that is wrapping up substantial renovations, including a new Performing Arts Center, gym addition, commons area and café.
Sennett Middle School serves grades 6-8 with a student-teacher ratio of 13 to 1.
La Follette High School has an overall B grade according to Niche.
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Getting around the greater area
According to Schuster, “It’s convenient to just about everywhere, truthfully. You can get to downtown in 10 minutes and to the interstates in 10 to 12 minutes, so it’s pretty centrally located.” The neighborhood’s eastern border is Route 51, an artery that provides easy access to the entire metro area. Local buses make stops throughout the neighborhood. When it’s time to get out of town, the Dane County Regional Airport is approximately 6 miles away.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Tonya Thomsen,
an experienced agent in this neighborhood.
Parks in this Area
Acewood Park
Graham Park
Schluter Beach
Lake Edge Park
Olbrich Park
Stone Bridge Park
Lake Edge Park
Capital Springs State Recreation Area
Transit
Airport
Dane County Regional/Truax Field
13 min drive
Bus
Buckeye & Camden (Wb)
Bus
Turner & Allis (Sb)
Bus
Monona & Buckeye (Nb)
Bus
Davies & Drexel (Wb)
Bus
Dempsey & Gary (Nb)
Bus
Davies & Buckeye (Eb)
Bus
Buckeye & Turner (Wb)
Crime and Safety
1 - Low Crime, 10 - High Crime
Lake Edge
US
Homicide
2
4
Sexual Assault
2
4
Assault with Weapon
2
4
Robbery
3
4
Burglary
3
4
Motor Vehicle Theft
3
4
Larceny
4
4
Crime Score
3
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Lake Edge, Madison sell after 20 days on the market compared to the national average of 48 days. The average sale price for homes in Lake Edge, Madison over the last 12 months is $351,326, down 11% from the average home sale price over the previous 12 months.
Renovated home in a prime east side location! The main floor welcomes you with a cozy living rm & spacious bdrm, both featuring beautifully refinished hardwood flrs & new windows. The renovated bthrm includes tiled shower & new fixtures. The sunroom, with its vaulted ceilings, seamlessly connects to the kitchen, updated w/ new granite counters & SS apps. Upstairs, you’ll find another generously
Welcome to the Fitzgerald, destined to be known as The Fitz, or if you’re a literary lover, the F. Scott, or if you’re a lover of high-end apartment living, the newest, most beautiful, luxury apartment home in Madison, Wisconsin, located on fabulous Monona Drive with views of the lake, Olbrich Gardens, and just about everything you can imagine, including imagining yourself as a star socialite in
Updated Duplex with NEW: Solid Surface Counter Tops, Sink, Faucet, Dishwasher, Water Heater, & Paint. Energy Efficient as a result of Newer- roof, siding, furnace, windows & doors. Spacious kitchen w/ many white cabinets, tile floors, pantry, and door to private fenced yard! Bath also has tile floor & tile tub surround. Private entrance views the greenspace across the street. Air Conditioning,
Welcome to Lake Edge: Your Luxury Lakeside RetreatDiscover the epitome of luxury living at Lake Edge, where modern elegance meets stunning natural beauty. Located on the serene shores of Lake Monona, at the intersection of Monona Drive and Buckeye Road, Lake Edge offers one, two, and three-bedroom apartments designed to elevate your lifestyle.Enjoy unparalleled convenience with a
Interested in learning more about homes in this area?
Reach out to
Tonya Thomsen,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
2,420
Median Age
45
Population Density
6 ppl/acre
Population under 18
16.8%
Below the national average
23.8%
Population over 65
23.1%
On par with the national average
19.1%
Finances
Median Household Income
$82,583
Above the national average
$71,702
Average Household Income
$92,939
Education and Workforce
High School Graduates
96.5%
Above the national average
89.1%
College Graduates
47.4%
Above the national average
34.1%
Advanced Degrees
18.3%
% Population in Labor Force
66%
Weather
Annual Precipitation
37''
Average Winter Low Temperature
12°F
Average Summer High Temperature
82°F
Annual Snowfall
44''
Area Factors
Very Bikeable
Bike Score®
70/ 100
Somewhat Walkable
Walk Score®
52/ 100
Some Transit
Transit Score®
39/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
