Property Description

SELLER FINANCING AVAIABLE! RARE opportunity to build your dream home or hobby farm on this beautiful 5 acre homestead located just off the US 231 corridor with fast access to I65 and a quick trip to town, shopping and entertainment. SELDOM do you find 5 acres, let alone an ideal shaped property offering 548' of depth with A1 397' frontage and space for it all. A west-facing rear for sunsets and family recreation and an east-facing front perfect for morning coffee on your future wrap around porch with peaceful countryside views. Served by highly desirable Crown Point schools including Winfield Elementary down the road is recognized as A-rated with strong student achievement scores, while Crown Point High School continues to earn high academic rankings and college prep recognition statewide. Important groundwork has already been completed with a soil test on file and available for download. Preliminary septic approval completed by the local installer who helped develop the area notes the perc test supports a conventional below-grade gravity fed septic system with perimeter drain routed to the NW corner for a 3 bed home with a 1000gal tank. Current preliminaries also support a 4 bed home utilizing a force dosed system with a 1250gal tank, while a 3 bed home with a den does not require that. Per county requirements, 5+ bed homes require a mound system. Consultations available during inspection due diligence with estimated 2026 septic pricing starting around 18k for 3 bed, 25k for 4 bed, and 34-39k for mound systems. Older recorded covenants existed, however no enforcement and a Waqiver of Declarants Rights was recorded to dissolve the HOA. No active architectural control committee and no timeline restrictions to build. Lake Co Building Dept can assist with code and requirement questions for this unincorporated location. Plenty of room for outbuildings, gardens, animals, and outdoor entertaining. Bring your vision, opportunities like this are fading fast!

Property Features

Local Schools