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Lake Waubesa

The third in the Yahara chain of lakes as the Yahara River flows south from Lake Monona through Upper Mud Lake. The watershed has a mix of urban and rural land use. Lake Waubesa is 2,080 acres with a maximum depth of 34’. There are three county parks (Babcock, McDaniel and Lake Farm) that surround much of the lake along with 15 miles of shoreline.

Lake Waubesa, Wisconsin Real Estate Statistics

Average Price $550K
Lowest Price $248K
Highest Price $850K
Total Listings 6
Avg. Days On Market 52
Avg. Price/SQFT $366

Property Types (active listings)

Homes for Sale near Lake Waubesa, WI

Lake Waubesa: A Hidden Gem of Waterfront Living in Greater Madison

Tucked just southeast of Madison, Lake Waubesa offers a serene yet vibrant lakeside lifestyle that feels worlds away from the city—while still being only minutes from downtown. Surrounded by the close-knit communities of McFarland, Monona and Fitchburg, this Yahara Chain lake is a favorite for those seeking the perfect balance of natural beauty, community spirit and proximity to modern conveniences. Whether you're boating at sunrise, enjoying waterfront dining with friends or fishing from your private dock, life on Lake Waubesa is nothing short of idyllic.

At Sprinkman Real Estate, we don’t just sell homes on Lake Waubesa—we live and breathe the lifestyle. With deep local knowledge, elevated service and a genuine passion for lakefront living, we’re here to help you find (or sell) a home that fits your vision, right where the water meets home.

Discover the Lake Waubesa Lifestyle

Lake Waubesa is one of Madison’s five lakes and spans over 2,000 acres, offering year-round recreation and unspoiled views. During the warmer months, locals and visitors alike take to the water for boating, kayaking, paddleboarding, wake surfing and fishing—with muskie, bass and walleye among the lake's popular catches. Winter brings its own charm with ice fishing and peaceful snow-dusted views that make lakeside living feel like a retreat.

Waterfront Dining + Local Favorites

Few things rival an evening spent on a lakeside patio at Christy’s Landing or The Green Lantern, two long-time favorites for burgers, fish fry and live music just steps from the shoreline. These welcoming institutions are beloved not just for their menus, but for their community roots and unbeatable views of the sunset over the water.

Neighborhoods + Surrounding Communities

Lake Waubesa is bordered by some of Dane County’s most desirable residential pockets, including:

McFarland

A growing village with strong community ties, McFarland offers access to top-rated schools, walkable parks like Goodland County Park and charming Main Street businesses. It’s a popular choice for families, retirees and remote workers seeking a small-town feel with Madison just 15 minutes away.

Monona

Northwest of the lake, Monona is known for its mid-century homes, lakefront parks and direct access to downtown Madison. Enjoy recreational amenities like Ahuska Park, Monona Bait + Ice Cream and proximity to the Monona Lake Loop, a favorite among cyclists.

Fitchburg

Located just south of Madison, Fitchburg blends suburban tranquility with easy urban access. With lush parks and a strong sense of community, it’s a favorite among families, professionals and outdoor enthusiasts. From scenic bike trails and golf at Nine Springs to dinner at local favorites like The Thirsty Goat and Quivey’s Grove, Fitchburg delivers peaceful living with city energy just minutes away.

Outdoor Recreation + Parks

Living on Lake Waubesa means endless outdoor enjoyment:

  • Goodland County Park – Sandy beach, boat launch, and picnic areas.

  • Lake Farm County Park – A sprawling park with campgrounds, trails, and lake access via the Capital City State Trail.

  • Babcock County Park – Features a boat launch and access to the Yahara River, connecting Lake Waubesa to Lake Monona.

Whether you're starting your morning with a lakeside jog or winding down with an evening pontoon cruise, Lake Waubesa delivers unmatched access to nature just outside your door.

Real Estate on Lake Waubesa: Where Opportunity Meets Tranquility

The Lake Waubesa real estate market offers a wide variety of home styles, from cozy cottages with vintage character to expansive custom builds with private docks and panoramic lake views. Many properties feature walkout basements, wraparound decks and floor-to-ceiling windows designed to make the most of the waterfront setting.

Whether you’re searching for lake homes in McFarland with quick access to top-rated schools, Madison waterfront real estate with the ease of commuting into the city or a quiet lake retreat in the Town of Dunn for weekend getaways—Sprinkman Real Estate is your trusted partner in finding the perfect place to call home.

Why Choose Sprinkman Real Estate for Your Lake Waubesa Home?

Our team doesn’t just work in the Madison area—we live, play and raise our families here. As Lake Waubesa real estate experts, we bring unmatched local insight, white-glove service and a passion for connecting people with homes that fit their lifestyle.

What sets us apart?

  • Exclusive access to off-market properties

  • Boutique, full-service representation

  • Strategic marketing with professional staging, design, and media

  • Deep community connections across McFarland, Monona, Madison and beyond

Whether you’re relocating from out of state, upgrading to your dream lake home or selling a longtime family property, we provide the elevated experience you deserve.

Ready to Find Your Lake Home?

If you’re exploring Lake Waubesa homes for sale or are curious about listing your lakefront property, reach out today. Our experienced team at Sprinkman Real Estate will guide you every step of the way—bringing thoughtful strategy, design sensibility and a deep love for the lakes to everything we do.

Let’s connect and make your lake life dream a reality.

 


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