Map SearchExplore Oconomowoc Lake homes with our interactive MLS map.

Market ReportView active and recently sold Oconomowoc Lake listings.

About Oconomowoc Lake

Oconomowoc Lake is a small, suburban village of Waukesha County, Milwaukee, with an approximate population of 600. Oconomowoc Lake is among the most affluent areas in Wisconsin, providing residents with a rural vibe and low crime rate. Around 1900, the area become known as a summer retreat for wealthy residents of Milwaukee and Chicago and has remained one of the wealthiest jurisdictions in Wisconsin.

As of the census of 2010, there were 595 people and 232 households, of which 28.0% had children under the age of 18 living with them. The median age in the village was 51 years. 38% were from 45 to 64 and 22% were 65 years of age or older. Many retirees live in Oconomowoc Lake and residents tend to be conservative.

History of Oconomowoc Lake

Development of the Oconomowoc lakeshore began in 1858 with the Gifford family, who built a large summer home near the present-day site of the Oconomowoc Lake Club. Train service to Oconomowoc was initiated in the same year, allowing wealthy families from Chicago and Milwaukee to tour "Lake Country" on weekends. In 1878, the Giffords converted their property into the Gifford Hotel, a luxury summer retreat for Milwaukee's elite. By the time the hotel closed in 1910, it had lured many well-to-do families to build their own summer homes along the lakefront. Prominent homeowners along the lakefront included members of the Pabst brewing family and Miller Brewing Company.

In 1934, the "Unofficial Village of Oconomowoc Lake" was created. The incorporation process started in 1952. The area was initially a part of the towns of Summit and Oconomowoc. The incorporation process was made final after going through a number of courts and a resident vote.

Oconomowoc Lake Homes For Sale

The median household income in Oconomowoc Lake is $152,000. Most residents own their homes, which have a median home value of $850,000. Homes for sale in Oconomowoc Lake, WI have a median listing price double that amount. However, there is not a lot of real estate available for purchase in Oconomowoc Lake, whether land, single family homes, multi family homes, condos, townhomes, or mobile homes for sale. A person interested in homes for sale in Oconomowoc Lake might resort to looking in nearby areas, such as Chenequa, Oconomowoc, Summit, and Okauchee.

Surrounding Areas

Located just outside the City of Oconomowoc, the village of Oconomowoc includes the residential area encircling Oconomowoc Lake. Meanwhile, Oconomowoc Lake is a 818 acre lake located in Waukesha County, with a maximum depth of 60 feet. The lake's water is very clear–perfect for spotting Panfish, Largemouth Bass, Smallmouth Bass, Northern Pike and Walleye.

Some of the most desirable neighborhoods in Oconomowoc Lake, WI are Wren Crest, Hidden Ridge, and Upper Oconomowoc Lake. There is a downtown area, with a variety of of small and large stores. The public schools in Oconomowoc Lake are highly rated.

Just Listed - Oconomowoc Lake