Silver Ridge

Independent Assessment

Silver Ridge's Homes by Marco listing includes a specific, quantified claim ('up to 9 of the 48 units can be owned by people under 55, and that threshold has not been met') that closely tracks the Housing for Older Persons Act's standard 80% occupancy threshold (roughly 20% of units, or about 9-10 of 48, may house no resident age 55 or older) rather than a generic 'active adult' marketing label. This level of specificity suggests the claim likely originates from information the association or its listing agents have about an actual HOPA-compliant declaration, rather than being invented by the aggregator. However, the association's own website, its recorded declaration of condominium, and a government/recorded source confirming the restriction's legal basis and current compliance status were not found -- the claim remains a secondary, brokerage-sourced description. Because the claim is secondary-sourced and no reviewed primary legal source is available, Silver Ridge is classified as an active-adult community whose legal age restriction is not independently verified, although its evidentiary basis is relatively strong and worth confirming directly.

Who May Find This Community Appealing

Buyers who want a mid-2000s-built condo in Oconomowoc's Lake Country corridor with elevator access, security, and a clubhouse -- and who place some weight on Silver Ridge's more specific (if still unverified) age-restriction compliance language relative to its Oconomowoc peers -- may find it an appealing candidate for further direct inquiry with the association.

Homes, Builders & Development History

Silver Ridge's 48 units were built between approximately 2002 and 2004, ranging in size from roughly 1,300 to 1,674 square feet (with some listings citing units over 1,800 square feet). The community's original developer or builder was not found.

Current Pricing & Market Positioning

Reported condo listings at Silver Ridge range from roughly $202,000 to $315,000, varying by square footage (approximately 1,300 to over 1,800 square feet). The average annual property tax cited by one aggregator is approximately $2,848.81. Buyers should request current comparable sales from a local agent, since the figures rely on point-in-time aggregator snapshots.

New Construction vs. Resale Considerations

Silver Ridge is resale-only, with units built approximately 2002-2004. Buyers should request an inspection appropriate to an early-2000s condominium structure, along with the association's reserve study and any special-assessment history, none of which could be independently confirmed.

Taxes, Insurance & Special Assessments

Homes at Silver Ridge are subject to City of Oconomowoc and Waukesha County property tax administration. One aggregator source cites an average annual property tax of approximately $2,848.81, which was not independently verified. Buyers should confirm current assessed value and tax rate with the Waukesha County Assessor and request the association's financial documents.

Community Layout & Lifestyle

Silver Ridge's amenity roster -- an elevator, handicap-accessible design, on-site security, a clubhouse, and a walking trail -- points to a community built with aging-in-place accessibility in mind, consistent with a genuine active-adult design intent even where the legal age restriction itself remains unverified.

Shopping, Healthcare & Airport Access

Silver Ridge is located in Oconomowoc, in Waukesha County's 'Lake Country' corridor, on Oconomowoc Parkway west of Silver Lake Street. This places it within Oconomowoc's lake-oriented core, with access to the city's chain of lakes, downtown shops, and I-94 roughly 30 miles west of Milwaukee.

Age Qualification & Material Ownership Restrictions

Silver Ridge is marketed by Homes by Marco as an 'Active Adult Community 55+,' and the same listing includes a specific detail -- that up to 9 of the community's 48 units may be owned by residents under 55, a threshold reportedly not yet reached -- that reads consistent with the Housing for Older Persons Act's 80/20 occupancy exemption rather than a generic marketing label alone. The association's own recorded declaration, bylaws, or an official HOA source independently confirming the restriction's exact legal language or current compliance status could not be located. Buyers should request and review the specific declaration and bylaws language directly from the association before assuming legally enforceable 55+ status.

Tradeoffs & Limitations

Silver Ridge's age-restriction claim, while specific, is still sourced from a brokerage listing rather than the association's own recorded declaration, so buyers should not treat it as confirmed without direct verification. The community's current HOA fee, its original developer, and the association's reserve-fund and special-assessment history also could not be confirmed. Buyers should independently confirm all of these before purchasing.

Comparison With Nearby Communities

Silver Ridge's reported 9-of-48-units detail is a more specific age-restriction-adjacent claim than the generic marketing found for Oconomowoc Square, Mission Lakes, Stone Vue, and Autumn Woods. Its elevator and security amenities also distinguish it from smaller, single-story communities like Candlewood Village in Muskego.

Current Listings

Availability at Silver Ridge has varied across sources reviewed; a connected local agent can provide current resale listings and pricing.

Is Silver Ridge legally age-restricted 55+?

Its age-restriction status is not independently confirmed, though the evidence is relatively specific. Homes by Marco markets Silver Ridge as 'Active Adult Community 55+' and states that up to 9 of its 48 units may be owned by residents under 55 -- language consistent with a HOPA-style 80/20 exemption. The association's recorded declaration confirming the claim was not found, so buyers should verify directly with the association before purchasing.

How many homes are in Silver Ridge?

48 units, built approximately 2002-2004.

What amenities does Silver Ridge offer?

A clubhouse, common green space, elevator, handicap access, on-site security, and a walking trail.

How does Silver Ridge compare to the other 55+ communities in Oconomowoc?

Silver Ridge is a separately built, separately named 55+ condo community in Oconomowoc, alongside Oconomowoc Square, Mission Lakes, Stone Vue, and Autumn Woods. Each sits at a distinct address with a different construction window, confirming they are genuinely separate communities.