Mass movements and delta collapses are significant sources of tsunamis in lacustrine environments, impacting human societies enormously. Paleotsunamis studies play an essential role in understanding historical events and their consequences, along with their return periods. This study investigates a paleotsunami induced by a subaqueous mass movement during the Younger Dryas to Early Holocene transition, ca. 11,700 years ago in Lake Aiguebelette (NW Alps, France). Utilizing high‐resolution seismic and bathymetric surveys associated with sedimentological, geochemical, and magnetic analyses, we uncovered a paleotsunami triggered by a seismically induced mass transport deposit. Numerical simulations of mass movement have been conducted using a visco‐plastic Herschel‐Bulkeley rheological model and corresponding tsunami wave modeled with dispersive and nondispersive models. Our findings reveal for the first time that dispersive effects may be negligible for subaqueous landslides in a relatively small lake. This research reconstructs a previously unreported paleotsunami event and enhances our understanding of tsunami dynamics in lacustrine environments.