Waubee Lake (also incorrectly Wabee) is a small freshwater lake situated 2 miles (3 km) 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.