Delavan Lake, Wisconsin 2024 Real Estate Update

 

Delavan Lake, Wisconsin property sales continue to be consistent with well-priced homes selling quickly and inventory of both Lakefront and Lake Access Homes in short supply.

For the first six months of 2024, there were three lakefront homes sold and 28 homes with lake access  sold.  The lake access homes were bolstered by sales of the new Lake Lawn Harbor Club development which saw prices range from $822,192 to $1,249,234.  These units share access to the water, but do not have a dedicated boat slip.  The three homes with a dedicated boat slip and their own private frontage sold at prices that ranged from $920,000 to $1,525,000.

Recent Delavan Lake Condo sale at 2159 Landings Lane.

During the first half of the year, there were 11 condos sold with lake access.  Of these sales, three were condo/hotel rooms that cannot be lived in full time.  Those sales ranged from $59,900 to $175,000.  The standard full-time condos ranged from $210,000 for a one-bedroom unit in the Delavan Club to $485,000 for a Geneva Landings three-bedroom garden unit that included a large storage garage along with a one-car detached garage.

Currently, there are 17 homes with lake access for sale around Delavan Lake.  Prices range from $105,000 for a cottage in the Delmar Subdivision off of South Shore to $649,000 for a four bedroom ranch in the Highlands Subdivision.  There are also six units for sale in the Lake Lawn Harbor Club complex.  Those units range from $692,990 to an astounding $2,250,000.  The two million dollar home is a million dollars more than similar units that sold earlier this year.  True lakefront homes are limited to five offerings.  These range from $899,000 to $5,500,000 for a 10,000 square foot estate with 200 feet of lakefront and 4.62 acres of land.

3307 South Shore Drive, currently on the market for $5,500,000

For lake access condominiums, there are 13 units available for sale.  Five of these are regular full-time condos that range from $355,000 to $509,999.  Eight of the condos listed are condo/hotel rooms that cannot be lived in full time.  They are priced from $38,000 to $164,900.

View from inside 2140 Blue Heron Drive, Delavan Lake, WI

The best value on Delavan Lake is currently located at 2140 Blue Heron Drive.  This four bedroom walk-out ranch features 104 feet of private frontage on the Delavan Outlet, an expansive open-concept kitchen/living area and an attached 3-car garage.

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