Waterford, also known as Buena Lake, is a recreational dam located in Racine, Wisconsin, along the Fox River. Owned by the local government, this earth dam was completed in 1977 and serves the primary purpose of recreation. With a dam height of 10 feet and a hydraulic height of 5 feet, Waterford has a storage capacity of 7,500 acre-feet and covers a surface area of 1,133 acres. The dam has a significant hazard potential and a fair condition assessment as of January 2020.

Managed by the Wisconsin Department of Natural Resources (WIDNR), Waterford is regulated, inspected, and enforced by the state, ensuring its safety and compliance with regulatory standards. The dam's spillway type is uncontrolled, and it has a moderate risk assessment rating. Although no associated structures or locks are present, Waterford is a popular spot for outdoor enthusiasts, offering opportunities for boating, fishing, and other recreational activities. The dam's last inspection was conducted in July 2019, with a frequency of every three years.

Waterford's location within the Chicago District and its proximity to the city of Waterford make it a valuable resource for the community and visitors alike. With its picturesque setting and diverse recreational opportunities, Waterford serves as a vital hub for water resource and climate enthusiasts to appreciate and enjoy the beauty of Wisconsin's natural landscapes.