Delavan Lake, WI 2023 Real Estate Summary

 

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 homes for sale with only two of them having private lake frontage.  This compares to six homes available last year with one of them being a lakefront.  The prices for lake access homes start at $225,000 for a three-bedroom ranch on Delavan Drive in the Inlet Oaks subdivision to $1,595,000 for a four-bedroom two-story on 61 feet of frontage on the North Shore.

Lake access home at 424 Delavan Drive, Delavan, WI.

Lake access condos saw reduced activity with 28 sales in 2023 compared to 41 sales in 2022. Prices for lake access condos started at $25,500 for a one-bedroom condo-hotel room in the Lake Lawn resort and graduated to $425,000 for a three-bedroom garden unit in the Geneva Landings complex.

Right now, there are only 10 lake access condos available for purchase, while there were nine available at the beginning of last year.  The starting price is $39,000 for a one-bedroom Lake Lawn unit and the top price is $425,000 for one of the three-bedroom garden units in Geneva Landings.

Geneva Landings Garden Unit on Delavan Lake, WI


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