1940 Lake Lorraine Retreat on Wooded Lot with Water Rights — $99,500

The water access is the lead. For $99,500, you get deeded rights to Lake Lorraine, an all-sports lake, which means boats, skiing, fishing, whatever you want. The property itself has no waterfront footage — you are on a wooded lot on Hickory Road — but the rights come with the place, and that changes what this is. Without them, it is a tiny cabin in the woods. With them, it is a lake property at a price that does not usually get you a lake property.

The house is 450 square feet, built in 1940, one bedroom, one bath. Small is the word. Everything happens in a tight space, and there is no staging that changes that math. What it has going for it is the screened-in porch, which the listing calls large. If that holds up in person, the porch effectively doubles your livable square footage for most of the Wisconsin warm season. A screened porch in wooded lake country is the right feature for this kind of place. You sit out there in the evening and the lot earns its keep.

The lot is wooded, which gives you shade and privacy and the feeling of being further out than you might be. The Kettle Moraine area surrounds this, so hiking and nature trails are close. The listing mentions a nearby park with additional outdoor access. It sits in the Whitewater School District, which matters if you are looking at this as a full-time residence rather than a seasonal place.

At 450 square feet you are not fitting a family here comfortably. One person, maybe two who are comfortable being close. What you are buying is access, a porch, a wooded lot, and a building that has been here since 1940. The agent description calls it a tiny home with big possibilities, which is the kind of thing you say when the square footage is the hard part of the sell. The square footage is the hard part of the sell.

If you want a weekend place on a lake in the Kettle Moraine area and your budget is under a hundred thousand, this is a specific and useful thing.