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Property Types
(active listings)
Okauchee Lake Real Estate Stats
Average Price
$2.3M
Lowest Price
$749K
Highest Price
$4.9M
Total Listings
4
Avg. Price/SQFT
$696
MORE ABOUT OKAUCHEE LAKE REAL ESTATE
Okauchee Lake has consistently ranked among the most popular lakes for home sales in Waukesha County, and it's not just because of the size. The lake supports a genuine village atmosphere that developed over generations, with waterfront gathering spots that have been serving locals since the mid-20th century. When residents talk about why they chose Okauchee, the social aspect comes up almost as often as the water itself.
The shoreline offers more variety than most Lake Country lakes. You'll find everything from original cottages that date back decades to recently built custom estates with private piers and wet boathouses. Several distinct bays and channels extend from the main body of the lake, creating different price points and neighborhood characters. Some buyers want to be near the yacht club and restaurants. Others prefer a quieter inlet where no-wake rules keep things calm. We can show you properties across the entire lake to help you find the right fit.
The Okauchee Lake Yacht Club has operated since 1936 and developed nationally recognized racing fleets in C Scows, MC Scows, X Boats, and Optimist Prams. The club hosts nearly 100 on-lake races each year and works with the Okauchee Lake Sailing School to train young sailors. For families with kids interested in competitive sailing, this is one of the strongest programs in the Midwest.
Contact us to schedule a private showing or a boat tour of available Okauchee Lake properties.
THE LAKE
Size and Characteristics
Okauchee Lake covers approximately 1,210 acres with a maximum depth of 90 feet, making it one of the larger and deeper lakes in southeastern Wisconsin. The water clarity is classified as moderately clear, and the bottom composition includes a mix of sand, gravel, muck, and rock. This varied structure creates good habitat for multiple fish species and interesting underwater terrain for divers.
The lake connects to several bays and channels that extend the shoreline significantly. Some of these areas have their own character and provide protected water for kayaking, paddleboarding, or fishing without dealing with main-lake boat traffic on busy weekends.
Boating and Recreation
Two public boat launches provide access to Okauchee Lake for residents and visitors. The main lake easily accommodates powerboats, pontoons, personal watercraft, and sailboats. Weekend summer days get busy with recreational boaters, so many locals head out early or stick to weekday evenings for waterskiing, tubing, and wakeboarding.
The Okauchee Lake Yacht Club anchors the sailing community here. The club maintains a clubhouse on the north shore with over 100 feet of waterfront and a private launch for members. Racing happens most Saturday and Sunday mornings during the season, with different fleets competing on set courses. Even if you're not a sailor, watching the regattas from a pontoon has become a summer tradition for many residents.
Fishing
Okauchee Lake has earned a solid reputation among southeastern Wisconsin anglers. The lake supports healthy populations of:
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Largemouth bass (commonly 15-19+ inches)
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Smallmouth bass
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Northern pike
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Walleye
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Muskellunge
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Panfish including bluegill, crappie, and perch
The diverse bottom structure creates good habitat throughout the lake, though experienced anglers recommend exploring the various bays and channels for the best action. Early morning and evening fishing tends to be more productive in summer when recreational boat traffic picks up during midday hours. Ice fishing draws crowds once the lake freezes, with less competition and consistent panfish action.
WATERFRONT DINING AND VILLAGE LIFE
One of the things that sets Okauchee apart from other Lake Country lakes is the ability to boat to dinner. Several restaurants and bars sit directly on the water with docks for arriving by boat.
Golden Mast Inn has operated on Okauchee Lake since 1967 and remains one of the premier dining destinations in Lake Country. The Weissgerber family runs this restaurant featuring steaks, seafood, and German specialties with views across the water. Sunday brunch packs the place, and the venue hosts weddings and special events throughout the year. Boat slips are available for diners arriving by water.
Smoke on the Water offers a more casual atmosphere with smoked BBQ and easy tie-up access for pontoons and boats. Other spots along the shore include longtime taverns that have been gathering places for locals across multiple generations.
Downtown Oconomowoc sits about 3 miles west of the lake, providing additional shopping, restaurants, and community events. The city has invested in its downtown area over the past decade, with a walkable main street anchored by local shops and restaurants. Grocery stores, hardware stores, and everyday services are all within a short drive.
LOCATION AND COMMUTE (new section)
Okauchee Lake sits in the Town of Oconomowoc in Waukesha County. Highway 16 runs along the southern edge of the lake, and Interstate 94 access is just a few miles south via Summit Avenue or Highway 67. From Okauchee, you can expect:
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Milwaukee: 35-40 minutes east via I-94
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Madison: About 1 hour west via I-94
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Waukesha: 15-20 minutes east
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Brookfield: 20-25 minutes east
The commute to Milwaukee's western suburbs, including major employment centers in Brookfield and Wauwatosa, runs against typical rush hour traffic patterns for most residents.
NEARBY PARKS AND RECREATION
Nashotah Park borders the eastern edge of Okauchee Lake and provides 444 acres of county parkland with hiking trails, picnic pavilions, and lake access. The park offers a quieter alternative to the main lake for walking, bird watching, and family gatherings.
Lapham Peak Unit of the Kettle Moraine State Forest is about 10 miles east and features over 25 miles of trails, including a segment of the Ice Age National Scenic Trail. The 45-foot observation tower at the summit provides views across southeastern Wisconsin.
The Oconomowoc Golf Club, designed by Donald Ross in 1916, operates as a private club nearby. Public golf options include Naga-Waukee Golf Course in Delafield and several other courses within a 15-minute drive.
Frequently Asked Questions About Okauchee Lake, WI
What makes Okauchee Lake stand out among Lake Country lakes?
Okauchee Lake offers something rare in Lake Country: a large, recreation-friendly lake with a genuine village atmosphere right on the water. At 1,210 acres with a maximum depth of 90 feet, Okauchee ranks among the biggest lakes in Waukesha County and easily accommodates boats, personal watercraft, and sailors without feeling cramped. The shoreline is dotted with waterfront restaurants and old taverns that have been gathering spots for generations, giving the area a social energy you won't find on more secluded lakes. The Okauchee Lake Yacht Club has developed nationally recognized racing fleets and hosts regattas throughout the season. What buyers consistently tell us is that living on Okauchee feels like being part of a community rather than just owning lakefront property. You can boat to dinner, wave to neighbors from your pier, and find something happening on the water almost any summer weekend.
How is the fishing on Okauchee Lake?
Okauchee Lake has earned a reputation as one of the better fishing destinations in southeastern Wisconsin. The lake supports healthy populations of largemouth bass, smallmouth bass, northern pike, walleye, muskellunge, and various panfish including bluegill and crappie. Experienced anglers say you can catch 19-inch-plus bass here regularly if you know where to look. The lake does get busy with recreational boaters during summer weekends, so many fishermen prefer early mornings, evenings, or weekday outings for the best results. Winter brings excellent ice fishing once the lake freezes, with less competition and consistent action. The bottom composition includes sand, gravel, muck, and rock, creating diverse habitat structure throughout the lake. Several public boat launches provide access, and fishing guides familiar with Okauchee can help newcomers learn the productive spots and techniques specific to this water.
What types of homes are available on Okauchee Lake?
Okauchee Lake real estate ranges from vintage cottages to multi-million dollar estates, with the shoreline offering the most variety of any lake in the area. You'll find everything from cozy two-bedroom getaways perfect for weekend use to sprawling custom builds with wet boathouses, multiple piers, and extensive shoreline footage. The numerous bays and inlets around the lake create different neighborhood feels depending on where you buy. Some sections are quieter with no-wake traffic, while others put you closer to the action near restaurants and the yacht club. Properties away from the water in surrounding neighborhoods typically range from $500,000 to $750,000 for newer traditional and split-level homes. Lakefront prices climb significantly based on footage, lot size, and home condition. Vacant lots on Okauchee have become increasingly rare, with only a handful remaining for buyers who want to build custom.
What amenities and activities surround Okauchee Lake?
The village of Okauchee has developed around the lake with amenities that make daily life convenient for residents. Waterfront dining includes spots like Golden Mast Inn, which serves continental cuisine and seafood with lake views, along with casual bars and grills you can reach by boat. Whisky Waters, Kiki's Cantina, and Glenda's Cafe give residents options without driving far. Downtown Oconomowoc is only about 3 miles west, providing additional shopping, restaurants, and community events. Nashotah Park borders the lake's eastern edge with 444 acres of hiking trails and a pavilion for gatherings. The private Oconomowoc Golf Club, designed by Donald Ross, has operated nearby since 1916. Highway 16 runs along the southern edge of the lake, and Interstate 94 access is just a short drive south on Summit Avenue, putting Milwaukee about 35-40 minutes away.
Which schools serve the Okauchee Lake area?
Families living around Okauchee Lake have access to several highly rated school options depending on exact location. Arrowhead Union High School serves much of the area and consistently ranks among the top public high schools in Wisconsin for academics and athletics. Elementary and middle school students may attend schools within the Oconomowoc Area School District, including Meadow View Elementary and Stone Bank Elementary, or the Hartland-Lakeside district depending on where their property falls. Nature Hill Intermediate School serves students in the middle grades. Private school options include nearby Lake Country School, which receives strong reviews from families in the area. School district boundaries around the lake don't always follow intuitive lines, so we always recommend verifying which schools serve a specific address before making an offer. The quality of education options is one reason families with children are drawn to this part of Lake Country.
Okauchee Lake at a Glance
Okauchee Lake in Lake Country, WI spans 1,104 acres and has a depth of 82 feet at its deepest point. The water clarity is classified as moderately clear, and for more information about Okauchee Lake or to schedule a tour of Okauchee Lake homes by water, contact Lake Country Listings.
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