Flatwater Lake, Ne
Flatwater Lake is tucked away in the quiet outskirts of Valley, Nebraska, where high-end waterfront living meets Midwest charm. With a crystal-clear, spring-fed lake at the heart of the community and just a short drive from Omaha, Flatwater Lake offers residents a lifestyle that blends relaxation, recreation, and refined living—all in one picturesque location.
If you’re dreaming of building a home that feels like a retreat without being remote, Flatwater Lake delivers. With generously sized lakefront lots, modern infrastructure, and a thriving HOA committed to community integrity, this private neighborhood is more than a home—it’s a way of life.
Flatwater Lake – Spring-Fed, Deep Water
About Flatwater Lake
Flatwater Lake isn’t your average lake community. It’s centered around an 87-acre lake that was carefully developed for both beauty and function. With spring-fed water reaching depths of up to 50 feet, the lake maintains a refreshing clarity that’s ideal for recreation.
Surrounding the lake are 131 spacious, single-family home lots, all positioned above the floodplain—meaning no flood insurance required. Each lot offers direct lake access, stunning views, and the opportunity to build a truly custom home.
And the best part? Despite the serene vibe, you’re less than 30 minutes from Omaha’s city center and 15 minutes from West Shores Lake. Morning paddleboard sessions and downtown dinner plans in the same day? Absolutely.
Key Features of Flatwater Lake
Spring-Fed, Deep Water Lake
Flatwater Lake spans 87 acres and reaches depths of up to 50 feet. It’s spring-fed, offering clean, clear water that’s perfect for boating, swimming, and fishing. This is a private lake, similar to Bennington Lake and Bluewater Lake.
Custom Flatwater Lake Lots
The community includes 131 single-family home lots, all with private lake access. Every lot is above the floodplain, meaning no flood insurance is required.
Full Recreational Use
Flatwater Lake is designed for all types of water activities—wakeboarding, jet skiing, paddleboarding, tubing, and casual boating are all allowed.
Architectural Integrity
Homes are built to high standards with minimum square footage requirements and enforced architectural guidelines, preserving long-term property value.
Private Beaches and Boat Launch
Residents enjoy exclusive access to community beaches and a convenient boat ramp, making lake access simple and stress-free.
Gated Community Feel, No Public Access
This is a private lake reserved for residents and their guests—offering safety, peace, and protection from overcrowding.
Low HOA Fees, High Return
For $600 a year, residents benefit from well-maintained common areas, landscaping, and lake management with a responsive HOA team.
Convenient Location Near Omaha
Just 30 minutes from downtown Omaha, Flatwater Lake offers lakefront serenity without sacrificing access to shopping, schools, dining, and major highways.
Amenities and Lifestyle Perks
Flatwater Lake isn’t just where you live—it’s how you live. Residents enjoy an elevated outdoor lifestyle centered on water, wellness, and connection.
Flatwater Lake Activities:
Jet skiing
Wakeboarding
Paddleboarding
Tubing
Recreational boating
Excellent fishing
Community Features:
Boat ramp access
Private beaches for residents
Scenic walking areas around the lake
Planned common spaces for gatherings and events
And because the lake is exclusive to residents and their guests, you’ll never deal with overcrowded water or noisy parties from outside visitors. It’s peaceful when you want it to be—and full-throttle fun when you’re ready.
Flatwater Lake – Build Your Dream Home
Flatwater Lake is a custom-home community, which means no cookie-cutter homes here. Each residence is unique, yet the community maintains a cohesive, upscale aesthetic thanks to clearly outlined building standards.
Lot and Home Highlights:
All lots have private lake frontage
Minimum home sizes: 1,600 sq. ft. for ranch; 1,800+ sq. ft. for two-story builds
Direct access to boating, swimming, and fishing
Custom architecture with room for walkouts, docks, and outdoor living spaces
Many homes feature walkout basements, wraparound decks, and elevated designs to take full advantage of those sunrise and sunset views over the water. Flatwater Lake is also developer-managed, ensuring infrastructure, utilities, and planning meet the highest standards from the start.
Build with Confidence
Unlike some rural lakefront areas where construction can be uncertain or under-regulated, Flatwater Lake makes the process smooth and secure.
Why Build at Flatwater Lake?
Developer-managed infrastructure (utilities, roads, drainage)
HOA-reviewed plans to keep the community upscale
A neighborhood that’s already proven: 60%+ of lots sold and homes built
Plus, the community provides architectural review forms, builder referrals, and helpful FAQs right on their official site.
Flatwater Lake HOA
The Flatwater Lake Homeowners Association plays a central role in preserving the community’s value, safety, and visual appeal. They don’t micromanage—they maintain. And that makes a big difference when you’re investing in lakefront property.
Key Flatwater Lake HOA Features:
Annual Dues: $600/year for common area maintenance, landscaping, and lake care
Plan Review Fee: $1,500 non-refundable fee for home plans
Construction Cleanup Deposit: $1,500 refundable deposit to ensure tidy job sites
Facility Fee: $1,200 due at closing
Insurance Requirement: Homeowners must carry $1M+ umbrella policies, naming the HOA and developer as additional insureds
The HOA also enforces architectural guidelines, which include requirements like:
Lighted address numbers
Specific tree types from an approved list (cost covered by buyer)
Landscaping plans reviewed for visual harmony
This isn’t about red tape—it’s about protecting your investment. The HOA ensures the community remains beautiful, cohesive, and enjoyable for everyone.
