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Lake Edge Home for Sale

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  • /24

    $399,900

    • 3 Beds
    • 1 Bath
    • 1,008 Sq Ft

    518 Bowman Ave, Madison, WI 53716

    Move right into this cozy yet charming 3 bedroom on Madison’s East side! Beautiful hardwood floors welcome you inside to the living/family room and lead you directly to all 3 main level bedrooms and full bath with shower/tub combo. Kitchen boasts all stainless steel appliances and well cared for quartz countertops, plus a walkout to the fenced in backyard & patio. Basement is ready for its next

    Erin Flesch MHB Real Estate

    518 Bowman Ave, Madison, WI 53716

Why Live in Lake Edge

Located along the eastern banks of Madison’s Lake Monona, Lake Edge is a quiet residential community known for its proximity to outdoor attractions and amenities. The neighborhood features a mix of smaller homes priced below the median for Dane County, making it attractive to both first-time buyers and empty nesters. Lake Edge Park, with a pavilion, sports field and play area, is a local highlight, while the nearby Monona Golf Course is a well-kept, challenging course. Residents also enjoy easy access to Olbrich Park, where they can rent boats, visit the Olbrich Botanical Gardens and relax in the Biergarten. Indoor activities include the Nerdhaven Arcade, Pinney Library and the neighborhood YMCA. The northern and eastern borders of Lake Edge feature business districts with local favorites like Chief’s Tavern and Dairyland Family Restaurant. For groceries, Woodman’s Food Market is about a mile north. The East Side Club, located near Olbrich Park, hosts community events like live music and fish fries. The neighborhood primarily consists of single-family homes, including ranch-style homes, cottages and Cape Cods, often on quarter-acre lots with mature trees. While most streets lack sidewalks, homes typically have driveways, and some have garages. Lake Edge is conveniently located, with downtown Madison just 10 minutes away and Dane County Regional Airport approximately 6 miles away.

Frequently Asked Questions

Is Lake Edge a good place to live?
Lake Edge is a good place to live. Lake Edge is considered car-dependent and very bikeable with some transit options. Lake Edge has 8 parks for recreational activities. It is fairly sparse in population with 5.0 people per acre and a median age of 45. The average household income is $92,939 which is below the national average. College graduates make up 47.4% of residents. A majority of residents in Lake Edge are home owners, with 20.6% of residents renting and 79.4% of residents owning their home. A local real estate agent serving Lake Edge can help you decide if this neighborhood is the right one for you. Learn more on our Lake Edge neighborhood guide.
Is Lake Edge, WI a safe neighborhood?
Lake Edge, WI is safer than the average neighborhood in the United States. It received a crime score of 3 out of 10.
How much do you need to make to afford a house in Lake Edge?
The median home price in Lake Edge is $385,000. If you put a 20% down payment of $77,000 and had a 30-year fixed mortgage with an interest rate of 6.1%, your estimated principal and interest payment would be $1,870 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $80K a year to afford the median home price in Lake Edge. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Lake Edge is $93K.
What are the best public schools in Lake Edge?
The best public schools that serve Lake Edge are:
What are the best private schools in Lake Edge?
The best private schools that serve Lake Edge are:
What are the most popular zip codes in Lake Edge, Madison, WI?
The most popular zip codes in Lake Edge, Madison, WI include 53716, 53714, 53704, 53593 and 53718.
What are the most popular neighborhoods near Lake Edge, Madison, WI?
The most popular neighborhoods near Lake Edge, Madison, WI are Eastmorland, Elvehjem, East Buckeye, Rolling Meadows and Hiestand.

Home Trends in Lake Edge, WI

Housing Trends

Median Sale Price
$385,000
Median Single Family Sale Price
$385,000
Median 2 Bedroom Sale Price
$721,000
Average Price Per Sq Ft
$281
Number of Homes for Sale
1
Last 12 months Home Sales
38
Months of Supply
0.30
Median List Price
$385,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
15%
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