Are you ready for Life on Lake Wawasee. Possible Land Contract Terms Available. Here is your chance to build your home the way you want it on a double lot that is high and dry and approx. .5 acres. Lake fun is just a very short walk or golf cart ride away to two of the best boat lots in Enchanted Hills w/ an improved seawall. After a quick boat ride through the channel you will have all of Lake Wawasee's 3,410 acres at your fingertips for boating, skiing, fishing or enjoying time with friends at the legendary Sandbar.