Bear LakeManawa, WI

Living on Bear Lake

Bear Lake is a popular, full-rec lake located seven miles northeast of Waupaca in Waupaca County, Wisconsin. The lake is 194 acres in size with a maximum depth of 62 feet.

Bear is known for its watery depth, clear water, and wide variety of fish...including walleye and musky. It's also great for almost every type of water recreation, including jet skiing, water skiing, and pleasure boating.

Bear Lake features a boat launch, making it easy for property owners to get their boats in and out each season. In addition, the lake is home to a restaurant you can boat to, a campground, and a swimming area.

Tour Bear Lake in Manawa, WI

Bear Lake Homes for Sale

Lake homes, cabins, cottages, and land for sale on Bear Lake.

No properties found.
This site was last updated 02-22-2026 3:36:21 pm.
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Bear Lake – Manawa, WI

Location
Lake Map
Bear Lake map
Directions
Google map
State
Wisconsin
County
Waupaca
School District
Manawa
Postal City
Manawa
Weyauwega
Zip Code
54949
54983
Municipality
Town of Royalton
Town of Little Wolf
Coordinates
44.4151245, -88.944148
Elevation
801 feet
Lake Stats
Full Rec
Yes
Size
194 acres
Ave Depth
24 feet
Max Depth
62 feet
Bottom Sand
15% sand
Water Clarity
11 feet
Shoreline
3.6 miles
Real Estate
Residential LotsLots zoned residential and not owned by a government body.
106
Vacant LotsResidential lots with less than $20k in assessed improvement value.
16 (15%)
Lots With HomesResidential lots with over $20k in assessed improvement value.
90 (85%)
Primary HomesResidential lots with homes and addresses that matches the mailing addresses of their owners.
28 (31%)
Vacation HomesResidential lots with homes and addresses that do not match the mailing addresses of their owners.
62 (69%)
Home TurnoverThis rate reflects MLS sales only. Many lake properties are sold off market.
1.2 (1.3%)
Ave Assess ValueThe average assessed value of lots on this lake with homes on them.
$180,190
Assessment RatioA state-calculated factor used to align assessed values across municipalities with different revaluation dates.
0.9076
Ave Fair MarketThe average assessed value of lots with homes divided by their muncipal assessment ratios.
$198,510
Total Fair MarketThe total fair market values of all lots on the lake.
$18,409,710
Fish Present
Bluegill
Bluegill Lake Fish
Yellow Perch
Yellow Perch Lake Fish
Black Crappie
Black Crappie Lake Fish
Largemouth Bass
Largemouth Bass Lake Fish
Walleye
Walleye Lake Fish
Northern Pike
Northern Pike Lake Fish
Musky
Musky Lake Fish

2026 Bear Lake Market Report

Of the 90 homes on Bear, this report benchmarks 2025 lake home sales against 5-year performance to highlight key market shifts and project 2026 sales.

Market Summary

  • Market vs Tax: Prices are up 129.5% ▲ vs assessed.
  • Price Trend: Recent sale prices are up 32.3% ▲.
  • Negotiation: Sales at 97.6% of list (up 0.8% ▲).
  • Inventory: New listings are down 44.4% ▼.
  • Sales Volume: Number of sales is up 66.7% ▲.
  • Speed: Days on market (DOM) is up 47.8% ▲.

Average Annual Sold Prices

2025
$414k
5-Year
$313k

Bear Lake vs Nearby Lakes

Lake
2025
Listed
2025
Sold
2025
List $
2025
Sold $
2025
DOM
5-Year
Listed
5-Year
Sold
5-Year
List $
5-Year
Sold $
5-Year
DOM
Bear LakeBear
1
2
$424k
$414k
102
9
6
$323k
$313k
69
White LakeWhite
5
3
$347k
$351k
61
12
9
$392k
$392k
114
Weyauwega LakeWeyauwega
1
1
$80k
$68k
41
7
4
$261k
$245k
65
Iola LakeIola
7
3
$387k
$355k
62
29
22
$299k
$287k
78
Hatch LakeHatch
2
3
$575k
$588k
121
10
11
$319k
$319k
86
Rollofson LakeRollofson
1
-
-
-
-
3
2
$350k
$325k
32

2026 Bear Lake Forecast

2
Homes
Listed
1
Homes
Sold

Own a Home on Bear Lake?

Thinking of selling? Find out your home’s current value!

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  • Photo of Bear Lake in Waupaca County by Dawn Martin
    Photo by Dawn Martin
  • Photo of Bear Lake in Waupaca County by Dawn Martin
    Photo by Dawn Martin
  • Photo of Bear Lake in Waupaca County by Dawn Martin
    Photo by Dawn Martin
  • Photo of Bear Lake in Waupaca County by Zachary Schmidt
    Photo by Zachary Schmidt
  • Photo of Bear Lake in Waupaca County by Dawn Martin
    Photo by Dawn Martin

For assistance contact

Dmitri Martin
Owner/Broker, Realtor®
Bear Lake Specialist

Order Bear Lake apparel and celebrate good times on the water…it’s the perfect gift for family, friends, and fellow lake lovers!