Iola LakeHomes for Sale

Iola Lake Homes for Sale

Browse homes, cabins, cottages, and land for sale on Iola Lake in Iola, WI.

Active Under Contract
Listing picture for 120 FRONTAGE ROAD in Iola
$64,900
bds | 0 ba | 0 sqft | 0.5 acres | land
120 FRONTAGE ROAD, Iola - Village of IOLA
Active
Listing picture for ISLAND DRIVE in Iola
$24,900
bds | 0 ba | 0 sqft | 0.42 acres | land
ISLAND DRIVE, Iola - Village of IOLA
The data relating to real estate for sale on this site comes from the Broker Reciprocity (BR) of the Wisconsin Real Estate Exchange. All properties are subject to prior sale, changes, or withdrawal. Last Updated 08-25-2026 5:52:51 pm
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About Iola Lake

Iola Lake is a popular, full-rec lake located in the Village of Iola in Waupaca County, Wisconsin. The lake is 206 acres in size with a maximum depth of nine feet.

Iola Lake is known for its large size, warmer temperature, and variety of fish...including yellow perch and northern pike. It's also great for boating activities like cruising and fishing.

Iola 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 park, unnamed islands, and a dam to control the water level.

Iola Lake has been officially recognized by its current name since a 1973 Board decision established Iola Lake as the official name.

Tour Iola Lake in Iola, WI

Iola Lake Statistics

Location
Lake Map
Iola Lake map
Directions
Google map
State
Wisconsin
County
Waupaca
School District
Iola-Scandinavia
Postal City
Iola
Zip Code
54945
Municipality
Village of Iola
Town of Iola
Coordinates
44.518617, -89.132571
Elevation
948 feet
Lake Stats
Full Rec
Yes
Size
206 acres
Ave Depth
3 feet
Max Depth
9 feet
Bottom Sand
40% sand
Water Clarity
6 feet
Shoreline
4.7 miles
Amenities
Boat Launches
Taylor Field & Park
Public Parks
Taylor Field & Park
Islands
unnamed islands
Water Sources
South Branch Little Wolf River
An unnamed stream
Water Outlets
South Branch Little Wolf River
Dams
Yes
Real Estate
Residential LotsLots zoned residential and not owned by a government body.
120
Vacant LotsResidential lots with less than $20k in assessed improvement value.
35 (29%)
Lots With HomesResidential lots with over $20k in assessed improvement value.
85 (71%)
Primary HomesResidential lots with homes and addresses that matches the mailing addresses of their owners.
55 (65%)
Vacation HomesResidential lots with homes and addresses that do not match the mailing addresses of their owners.
30 (35%)
Home TurnoverThis rate reflects MLS sales only. Many lake properties are sold off market.
4.4 (5.2%)
Ave Assess ValueThe average assessed value of lots on this lake with homes on them.
$201,798
Assessment RatioA state-calculated factor used to align assessed values across municipalities with different revaluation dates.
0.8603
Ave Fair MarketThe average assessed value of lots with homes divided by their muncipal assessment ratios.
$235,010
Total Fair MarketThe total fair market values of all lots on the lake.
$21,016,585
Fish Present
Bluegill
Bluegill Lake Fish
Yellow Perch
Yellow Perch Lake Fish
Black Crappie
Black Crappie Lake Fish
Largemouth Bass
Largemouth Bass Lake Fish
Northern Pike
Northern Pike Lake Fish

Iola Lake Market Report

The statistics below compare the past 12 months of home sales to the lake's 5-year average.

Market Summary

  • Market vs Tax: Prices are up 75.9% ▲ vs assessed.
  • Price Trend: Recent sale prices are up 23.7% ▲.
  • Negotiation: Sales at 91.7% of list (down 4.4% ▼).
  • Inventory: New listings are up 20.7% ▲.
  • Sales Volume: Number of sales is down 31.8% ▼.
  • Speed: Days on market (DOM) is down 20.5% ▼.

Average Annual Sold Prices

Past 12-Mo
$355k
Past 5-Yr
$287k

Iola Lake vs Nearby Lakes

Lake
12-Mo
Listed
12-Mo
Sold
12-Mo
List $
12-Mo
Sold $
12-Mo
DOM
5-Year
Listed
5-Year
Sold
5-Year
List $
5-Year
Sold $
5-Year
DOM
Iola LakeIola
7
3
$387k
$355k
62
29
22
$299k
$287k
78
Hatch LakeHatch
2
3
$575k
$588k
121
10
11
$319k
$319k
86
Lake EmilyEmily
1
1
$160k
$160k
21
3
3
$451k
$417k
130
Rinehart LakeRinehart
2
2
$402k
$409k
44
10
8
$263k
$261k
57
Lake HelenHelen
1
1
$450k
$435k
59
12
12
$328k
$324k
54
Rollofson LakeRollofson
1
-
-
-
-
3
2
$350k
$325k
32

Next 12 Month Sales Forecast

6
Homes
Listed
5
Homes
Sold

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  • Photo of Iola Lake in Iola by Mark Gehrke
    Photo by Mark Gehrke
  • Photo of Iola Lake in Iola by Ali Johnson
    Photo by Ali Johnson
Get Involved 3 329x329 1

Lake Iola District
John Bertelson
iolalakedistrict@​gmail.com
(715) 341-1032

For assistance contact:

Dmitri Martin
Iola Lake Specialist
Rustic Waters Realty

Dmitri Martin Profile Photo

Source of Data: Wisconsin Real Estate Exchange (WIREX). Disclaimer of Use: Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Disclaimer of Data: Information received from other 3rd parties: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor Rustic Waters Realty LLC nor WIREX shall be responsible for any typographical errors, misinformation, or misprints and shall be held totally harmless. Copyright: ® 2024 WIREX – All Rights Reserved. Last Updated: 8/26/26