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Okauchee Lake

Okauchee Lake

$491 Average Price per Sq Ft
7 Homes For Sale

Okauchee Lake offers waterside living with entertainment options

Okauchee Lake is a popular waterside community with multiple outdoor attractions in Wisconsin’s Lake Country. This area may have been established as a tourist destination, but today the older lake homes and hotels have been replaced by subdivisions, condos and lakefront properties. “It's very recreation-related, there is a lot to do,” says Mike Herro, the broker/owner at Oconomowoc Realty LLC. “(The lake has) got a lot of interesting characteristics, it's over 90 feet deep, which is unusual for this area, excellent fishing and it's got a lot of bars and restaurants."

Multiple lakes to enjoy, with golfing and natural parks nearby

The 1,200-acre Okauchee Lake features multiple private and public access points and boat launches, which makes it a great spot for swimming, fishing and other water sports activities. The Okauchee Lake Yacht Club hosts multiple sailing races and other social events. Other nearby lakes include Oconomowoc Lake and Upper Nemahbin Lake to the south and Pine Lake to the east.
The 444-acre Nashotah Park, on the community’s eastern edge, has miles of walking and hiking trails and a pavilion. More parks and green spaces are to the west in Oconomowoc. The private Donald Ross-designed Oconomowoc Golf Club has been in the area since 1916 and features a 6,400-yard layout and a practice facility. Events in downtown Oconomowoc are 3 miles west.

Lakefront properties and condos are available

New Traditional and split-level homes away from the water range from about $500,000 to $750,000. Custom contemporary builds and estates along the lake can run from $1 million to $5 million. Condos typically cost between $330,000 to $600,000. Land is available. “Lots are very tight, so you've got to learn to get along with your neighbors,” Herro says.


Flood maps from the Federal Emergency Management Agency show a low risk of flooding near the lake.

Multiple school options for students

Students can start at Meadow View Elementary, ranked A on Niche, or Stone Bank Elementary, which has an A-minus. They may continue to Nature Hill Intermediate School, also graded A-minus. High School students attend either A-graded Arrowhead High School or Oconomowoc High, which earns an A-minus and offers business courses and an International Baccalaureate program.

Dining on the water and shopping in Oconomowoc

The community has several local restaurants and bars along the water. The Golden Mast Inn is a higher-end establishment that serves brunch, seafood and steaks. Smoke on the Water BBQ opens for lunch and dinner and has live music. Bryant's on the Round offers Cajun dishes, burgers and salads.
Piggly Wiggly is adjacent to the community on Brown Street, while Aldi and Sendick’s are further south on Summit Avenue. More big box stores are to the southeast in Delafield. The Aurora Medical Center is 6 miles south.

Quick access to the highway and Milwaukee Mitchell International

State Highway 16 runs along the southern edge of Okauchee Lake. The entrance to Interstate 94 is south on Summit Avenue. Milwaukee Mitchell International Airport is 37 miles east.

Tyler Patchen
Written By
Tyler Patchen

Interested in learning more about homes in this area? Reach out to Lien Team Real Estate Group, an experienced agent in this area.

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Schools

Source:
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Okauchee Lake Housing Trends

Housing Trends

Median List Price
$775,000
Median Sale Price
$742,500
Median Single Family Sale Price
$897,500
Median 2 Bedroom Sale Price
$399,500
Median Change From 1st List Price
0%
Last 12 months Home Sales
30
Median Home Sale Price YoY Change
24%
Average Price Per Sq Ft
$491

Neighborhood Facts

Number of Homes for Sale
7
Months of Supply
2.80

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Okauchee Lake Has More Owners

Demographics

Total Population
5,490
Median Age
50
Population under 18
18.9%
On par with the national average
23.8%
Population over 65
27.1%
Above the national average
19.1%

Finances

Median Household Income
$114,927
Significantly above the national average
$71,702
Average Household Income
$129,515

Education and Workforce

High School Graduates
98.3%
Above the national average
89.1%
College Graduates
50.8%
Above the national average
34.1%
Advanced Degrees
17.9%
% Population in Labor Force
63.7%

Area Factors

Somewhat Bikeable

Bike Score®®

28 / 100

Car-Dependent

Walk Score®®

7 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

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.
Okauchee Lake