Why Live in Oconomowoc Lake
Oconomowoc Lake is a prestigious neighborhood known for its luxurious homes and serene lake views. The area has a rich history, with notable Milwaukee families having owned properties here since the 19th century. Today, it remains a high-end community with large estates, many featuring private docks and beautiful water frontage. Home styles range from modest Craftsman lodges and farmhouses to ornate coastal-inspired and contemporary properties. Recreational activities are centered around the lake, with residents enjoying boating, fishing, and swimming in the summer, and ice skating and hockey in the winter. The private Oconomowoc Lake Club offers tennis and sailing events, while the nearby Oconomowoc Golf Club features a Donald Ross-designed course. The Oconomowoc Area School District serves the neighborhood, with highly rated schools such as Meadow View Elementary, Nature Hill Intermediate, and Oconomowoc High. Dining options include the summer-only Kiltie Drive-In and year-round lakefront restaurants like Weissgerber’s Golden Mast Inn. Shopping and essential services are available 2 miles away in Oconomowoc, which also features a quaint main street with shops and eateries. The neighborhood is safer than the national average, providing a secure environment for residents. Conveniently located near Wisconsin Highway 16 and Interstate 94, Oconomowoc Lake is just 30 miles from Milwaukee, with ProHealth Oconomowoc Memorial Hospital and Milwaukee Mitchell International Airport nearby.
Home Trends in Oconomowoc Lake, WI
On average, homes in Oconomowoc Lake, WI sell after 29 days on the market compared to the national average of 50 days. The median sale price for homes in Oconomowoc Lake, WI over the last 12 months is $1,635,000, down 41% from the median home sale price over the previous 12 months.
Median Sale Price
$1,635,000
Median Single Family Sale Price
$1,635,000
Average Price Per Sq Ft
$524
Number of Homes for Sale
2
Last 12 months Home Sales
1
Median List Price
$1,635,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-41%