Waubee Lake is a small freshwater lake situated 2 miles southeast of Milford, Kosciusko County, Indiana, United States. Waubee is typical in structure of natural lakes of the glaciated portions of the upper Midwest. Like other lakes in the general area, Waubee is lined with vacation homes and year-round residences. Part of the extreme upper west shore is v…Waubee Lake is a small freshwater lake situated 2 miles southeast of Milford, Kosciusko County, Indiana, United States. Waubee is typical in structure of natural lakes of the glaciated portions of the upper Midwest. Like other lakes in the general area, Waubee is lined with vacation homes and year-round residences. Part of the extreme upper west shore is void of residences and borders farm land. A boat ramp can be found on the lake's upper east shore.