[3] The community is made up of several distinct districts: Wasserburg (literally: a castle in the water) was founded in 784, at which time it lay on an island.

In 1755, the Fuggers gave up sovereignty over Wasserburg to the Habsburgs in settlement of some debts, so the town then formed part of Austria, under the governance of Tettnang.

Also on the peninsula are the quay, from which passenger ferries leave for Lindau, Bregenz, Konstanz and Rorschach, the fishing harbour and the marina.

Martin Walser's novel of a boy growing up during the time of Hitler's rise and defeat, A Gushing Fountain, is set in Wasserburg am Bodensee.

The municipality possesses two beach swimming pools, a boat hire facility, and a sailing school.