Buying a Vacation Home in Lake Geneva? Here’s How to Make It a Smart Investment

Why Lake Geneva? A Year-Round Destination

Lake Geneva, Wisconsin, has long been a sought-after destination for those looking to enjoy stunning lake views, vibrant downtown life, and year-round activities. Whether it’s boating in the summer, leaf-peeping in the fall, skiing in the winter, or attending seasonal festivals, Lake Geneva offers something for everyone.

As local real estate experts with eXp Realty, Kim & Joel Reyenga have helped countless buyers navigate the Lake Geneva market to find their perfect vacation home. Whether you’re looking for a waterfront retreat, a short-term rental investment, or a luxury second home, they have the insights to make your purchase a smart one.

1. Understanding the Lake Geneva Vacation Home Market

Before diving into a home search, it’s important to understand the current real estate landscape in Lake Geneva.

Market Trends

Lake Geneva’s real estate market is known for its stability and strong appreciation rates. Here are some key factors that influence the market:

• High demand for waterfront and lakeview properties

• Growing interest in short-term rentals (Airbnb & VRBO)

• Limited inventory, keeping home values strong

• Desirable amenities, including golf courses, shopping, and fine dining

According to Kim & Joel Reyenga, the best investment properties are those with easy access to the lake, either through private waterfront access or deeded lake rights.

2. Choosing the Right Location

Lake Geneva offers a variety of neighborhoods, each catering to different buyer needs.

Best Areas to Buy a Vacation Home in Lake Geneva

Downtown Lake Geneva

Best for: Those who want to be in the heart of the action.

• Walkable access to restaurants, shops, and entertainment.

• Strong rental demand for short-term vacationers.

• Condos and lakefront properties available.

Williams Bay

Best for: A quieter setting with lake access.

• Close to Yerkes Observatory and scenic trails.

• Family-friendly community with a small-town feel.

• Excellent for buyers looking for lake access without the high price of lakefront homes.

Fontana-on-Geneva Lake

Best for: Luxury buyers and resort-style living.

• Home to The Abbey Resort & Marina, making it ideal for boaters.

• A mix of high-end condos and single-family lake homes.

• Less tourist traffic than downtown Lake Geneva.

Linn Township & Geneva National

Best for: Golf enthusiasts and private community living.

• Geneva National Golf Club offers world-class golf courses.

• Gated community with amenities like pools, fitness centers, and dining.

• Ideal for those who want a more private vacation home.

3. Investment Potential: Short-Term Rentals vs. Long-Term Use

Many vacation home buyers in Lake Geneva look at their property as both a personal getaway and an investment opportunity.

Short-Term Rental Market (Airbnb & VRBO)

The demand for vacation rentals in Lake Geneva has skyrocketed due to the town’s popularity. However, there are some key points to consider:

• High rental income potential, especially in peak summer months.

• Flexibility to use the property when desired and rent it out the rest of the year.

• Properties near downtown or with lake access perform best.

Local Tip from Kim & Joel Reyenga: Always check with local zoning laws and HOA regulations before purchasing a property for short-term rental use.

Long-Term Investment Value

If you’re purchasing a home primarily for personal use, consider these investment factors:

• Resale value: Homes near the lake appreciate faster.

• Tax benefits: Owning a second home can provide deductions.

• Maintenance costs: Factor in upkeep, especially for lakefront properties.

4. Financing a Vacation Home

Many buyers wonder how financing a vacation home differs from a primary residence. Here’s what you need to know:

Loan Options for Vacation Homes

• Conventional Loans: Typically require 10-20% down for a second home.

• Jumbo Loans: Needed for homes exceeding $726,200 (as of 2024).

• Investment Property Loans: If you plan to rent the home, lenders may require a higher down payment and different loan terms.

Kim & Joel Reyenga’s Tip: Get pre-approved before house hunting to make competitive offers in this fast-moving market.

5. Must-Have Features for a Smart Investment

When choosing a vacation home in Lake Geneva, consider features that maximize value:

• Proximity to the lake – Even if not directly on the water, having easy access boosts value.

• Outdoor spaces – Large decks, patios, or fire pits make properties more appealing.

• Updated kitchens & bathrooms – Modern features attract buyers and renters alike.

• Storage space for boats & gear – Many buyers and renters prioritize homes with garages or storage sheds for water equipment.

6. Why Work with Kim & Joel Reyenga from eXp Realty?

Real estate in Lake Geneva is competitive, and having the right agents by your side makes all the difference.

Meet Your Local Experts: Kim & Joel Reyenga

Kim & Joel Reyenga are highly experienced realtors specializing in Lake Geneva vacation homes, waterfront properties, and investment real estate. They provide:

• Personalized market insights & investment analysis

• Exclusive listings not available to the public

• Local expertise on Lake Geneva neighborhoods & zoning laws

• A seamless buying experience from start to finish

Whether you’re looking for a luxury waterfront estate, a family getaway, or an Airbnb investment, they can help you find the perfect property.

Contact Kim & Joel Reyenga at eXp Realty today.

Conclusion

Lake Geneva is one of the best places to buy a vacation home in Wisconsin, offering both lifestyle benefits and strong investment potential. Whether you’re looking for a personal retreat or an income-generating property, working with local experts like Kim & Joel Reyenga ensures a smooth, successful purchase.

Ready to start your search? Explore listings and schedule a consultation today with Kim & Joel Reyenga at eXp Realty.