Delavan Lake Property

      Limited inventory was the key theme in Delavan Lake Property sales for 2024.  Excluding the new condominiums at the Lake Lawn Resort, there were 42 lake access homes sold in 2024 with nine of them having private lake frontage.  This compares to 55 lake access homes sold in 2023 and 10 lakefront properties.      The lake access homes had a starting price of $70,000 for  a heavily damaged two-story in the Delavan Highlands and increased to $1,175,000 for a well-maintained four-bedroom with a shared pier off of Robbins Road on the south side of the lake.      Lakefront sales started at $832,500 for a four-bedroom walk-out ranch on Blue Heron Drive (Delavan Outlet), and progressed to $4,400,000 for a magnificent $10,000 square foot home on 200 feet of South Shore frontage.  This was the most expensive single family home sold on Delavan Lake. 2140 Blue Heron Drive sold for $832,500 in 2024 3307 South Shore was the most ex...

  Real estate sales around Delavan Lake were higher for the first three quarters of 2024 compared to last year.   For the first nine months of the year there were 44 lake access homes sold compared to 33 in 2023. The increase was entirely due to sales of new construction homes in the Lake Lawn Harbor Club development.   There were only six lakefront properties sold this year compared to eight last year. In the condo market, there were 15 lake access condos sold year-to-date compared to 22 last year. Prices of lake access homes ranged from $70,000 for a tear-down in the Delmar Subdivision to $1,348,480 for a four-bedroom new construction in the Lake Lawn Harbor Club.   Lakefront homes sale prices started at $832,500 for a four-bedroom on the Delavan Outlet and rose to $2,039,725 for a five-bedroom Colonial on 60 feet of North Shore frontage. 2140 Blue Heron Drive recently sold for $832,500 Currently there are 17 lake access homes listed for sale with seven being in ...

  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...

  Delavan Lake Property sales held steady in 2023 as inventory remained limited for all home types. For 2023, there were 55 lake access homes sold with 12 of them being lakefront properties.   This compares to 55 lake access homes also being sold in 2022 with 10 of those having private frontage. The lake access homes ranged from $73,000 for a three-bedroom cottage that was in the middle of an extensive remodeling project, to $448,000 for a five-bedroom walk-out ranch in the Highlands Subdivision on the west end of the lake. The least expensive lakefront home sold for $565,000 for a small two-bedroom in the Ravenswood Subdivision while the highest priced sale was $4,125,000 for a furnished five-bedroom two-story on 76 feet of South Shore waterfront.   We also saw the first Lake Lawn Harbor Club sale in 2023 as the newly constructed five-bedroom brought in $1,126,811. 2023 saw the first sale of a Lake Lawn Harbor Club unit. Currently, there are only 12 lake access hom...

      Sales of Delavan Lake properties remained constrained for the first half of 2023.    The lack of inventory was the main culprit along with home owners reaching for excessively high valuations.      For the first half of the year, we saw three lakefronts sold compared to only one last year.    Interestingly enough, the value of the one sold last year exceeded the total sales price of the three sold this year.      Lake access sales were equal with 19 homes being sold this year and 19 being sold last year as well.    The price range for lake access homes sold this year started at $124,000 for a small cottage in the Delmar subdivision and increased to $460,000 for a three bedroom ranch in the Ravenswood subdivision at the west end of the lake.    The home in Ravenswood originally listed for $545,000.      Lake Access Condo sales slowed to 13 in 2023 compared to 20 in 2022.   ...

  Delavan Lakefront sales struggled in 2022 while lake access homes and lake access condos showed strong results compared to the prior two years. There were only eight lakefront sales on Delavan Lake compared to 17 in 2021 and 2020.   The lack of sales was due to limited inventory as prices shot to record levels. Lakefront sales ranged from $575,000 for a two-bedroom, two-bath home on the Inlet and progressed to $3,125,000 for a six-bedroom, seven-bath home on 111 feet of prime South Shore frontage. This Delavan Inlet home sold for $575,000 in 2022. The most expensive sale in 2022 was for $3,125,000 Lake access homes started at $95,000 for a fixer-upper in the Delmar Subdivision and topped out at $618,000 for a three-bedroom ranch with an in-ground pool and boat slip. Lake condo sales were sharply higher with 41 sales compared to 20 in 2021 and 24 in 2020.   Most of the activity was due to Condo/hotel liquidations (22 units) that ranged from   $25,000 to $150,0...