If you’re interested in the richest lake towns in Connecticut, you’ll find that most of the affluent Connecticut lake towns are located on Candlewood Lake.
But we’re not just talking about any ordinary lake towns here. Many of these rich Candlewood Lake towns are actually private communities with exclusive amenities for their residents.
From private beaches to waterfront clubhouses and marinas, these wealthy Candlewood Lake communities offer their affluent residents more than just a home; they offer a slice of the Connecticut good life—lake edition.
Whether you’re contemplating a move or simply indulging in a little luxury real estate daydreaming, join us as we explore the crème de la crème of Connecticut’s lakeside living.
Here are the richest lake towns in Connecticut.
The rankings are based on both income and home prices.
The information presented in this article are based on data from the US Census American Community Survey and residential housing market data. The median sales price is the average residential sales data for 12 month period ending June 2023.
Note: We realize we are using the term “town” loosely since some of these towns are actually private communities.
Richest Lake Towns in Connecticut
1. Sail Harbour
Sail Harbor is the richest lake town in Connecticut with a median home value of $1,920,402 and an eye-popping mean income of $421,026.
Sail Harbour Club is a private residential community located along the western shores of Candlewood Lake, the largest lake in Connecticut.
Sail Harbour is an exclusive Candlewood Lake community with a population of 175.
Lots of families live in Sail Harbor with 30% of the residents at Sail Harbor being children under 18 years old and 14.3% are senior citizens.
Sail Harbour is known for its luxury waterfront homes with stunning views of the lake.
Its affluent residents, enjoy easy lake living and private amenities such as tennis courts, a lakefront clubhouse, a private beach, and a private onsite marina with boat slips for every property.
|Median Home Value||$1,920,402|
2. Candlewood Isle
Candlewood Isle is the second richest lake town in Connecticut with a median home value of $1,334,045 and a mean income of $315,340.
Candlewood Isle is an affluent and prestigious private community at Candlewood Lake located on an island in the middle of Candlewood Lake, accessible via a causeway with year-round security.
There are many private amenities at Candlewood Isle exclusively for residents including a private beach, boat docks, tennis and bocci courts, a children’s summer camp, and a beautiful clubhouse. In the winter, one of the tennis courts is transformed into an ice rink!
The affluent Connecticut lake town has a small population of 491, with 26.3% of the population being children under 18 years old and 10.2% being seniors.
|Median Home Value||$1,334,045|
Planning a Candlewood Lake Vacation? Check out our Guide to Candlewood Lake
Sherman is one of the richest lake towns in Connecticut with a mean income of $206,283.
Located along Candlewood Lake and near Squantz Pond, Sherman has a median home value of $635,000.
The population of Sherman is 3527, with 15.5% of the population being children under 18 years old and 25.8% being seniors.
Residents have access to Candlewood Lake via the Sherman Town Beach, a scenic, family-friendly beach offering residents a sandy shoreline, picnic facilities, and opportunities for swimming and boating against the backdrop of Connecticut’s largest lake.
|Median Home Value||$635,000|
Lakeville is one of the richest lake towns in Connecticut with a mean income of $142,561. Properties in this affluent CT lake town have a median value of $741,865.
Located in the town of Salisbury in Litchfield County, Lakeville is the only lake town on this list that is not on Candlewood Lake.
Lakeville is a wealthy lakefront community on Lake Wononscopomuc, the deepest lake in Connecticut where residents easy lake life with boating, swimming, and water activities.
It’s also home to the prestigious Hotchkiss School, one of the best boarding schools in the country with a $70,000 a year tuition!
Lakeville is a small Connecticut lake community with only 1,059 residents, 24.4% of whom are children under 18, while seniors account for 21.1% of the population.
|Median Home Value||$741,865|
5. Candlewood Shores
Candlewood Shores is one of the richest Candlewood Lake communities with a mean income of $129,819.
It’s a private lakeside community located on the eastern shores of Candlewood Lake, in Brookfield, Connecticut, with a median home value of $464,392.
The population of Candlewood Shores is 665, with 26.8% of the population being children under 18 years old and 7.8% being seniors.
Candlewood Shores is known for beautiful lake views and its family-friendly environment with private amenities such as a sandy beach, boating facilities, a playground, and ball fields.
There are also planned activities at Candlewood Shores such as concerts and movies, holiday celebrations, semi-annual tag sales, and an annual picnic.
|Median Home Value||$464,392|
6. Candlewood Knolls
Candlewood Knolls is another wealthy Candlewood Lake community with a mean income of $129,473.
It’s a private lakefront community at Candlewood Lake, located in New Fairfield with a median home value of $454,000.
The population of Candlewood Knolls is 255, with a high percentage of children. 37.3% of Candlewood Knoll’s population are children under 18 years old while only 6.1% of the population are senior citizens.
Candlewood Knolls offers a range of private amenities to its residents, with the clubhouse serving as the community’s centerpiece.
Recreational facilities at Candlewood Knolls include a ballfield featuring a lighted bocce court and horseshoe pit, a basketball court, and a tennis court. Additional amenities include three private swimming beaches, a children’s playground, and boat slips available for rent by homeowners.
|Median Home Value||$454,000|
7. Bogus Hill
Bogus Hill is an affluent private lake community of Candlewood Lake.
Located on a western peninsula of Candlewood Lake in New Fairfield, CT, the upscale lakeside community has a median home value of $1,219,583 and a mean income of $94,639.
The population of Bogus Hill is 100, with almost half of the residents, 41.2%, of the population being children under 18 years old. While only 10.1% of residents are seniors.
Bogus Hill is a lakefront community with private amenities such as a sandy beach, boat docks, and tennis courts. Residents have the option to join the Bogus Hill Beach Club.
|Median Home Value||$1,219,583|