2140 S 500 E Lagrange, IN 46761
Estimated payment $12,772/month
Highlights
- 1,200 Feet of Waterfront
- Lake Property
- Eat-In Kitchen
- 40 Acre Lot
- Partially Wooded Lot
- 1-Story Property
About This Home
40 Acres • 1200 Feet of Lakefront • Over 3000 Feet of Road Frontage A truly exceptional property in LaGrange County two parcels totaling 40 acres with an impressive 1,200 feet of lakefront on beautiful Royer Lake and over 3,000 feet of combined road frontage (more than 2,000 feet on one side and 1,000 feet on the other). This property offers a rare blend of rolling farmland, mature trees and serene waterfront, making it an ideal setting for recreation, investment, or development. Currently zoned Agricultural and under cultivation, it provides both income potential and flexibility for future use. Included on the property is a 1,120 sq. ft. home featuring 2 bedrooms, 1 bath, on a walkout basement already plumbed for second bathroom. The home is positioned to take in the quiet, rural surroundings and offers an excellent opportunity for guest quarters, or a temporary residence while you plan your dream build. Royer Lake is a peaceful, non-ski lake known for its great fishing and connection to Fish Lake, offering the best of quiet lake living with expansive land to roam. With its combination of prime lake frontage, extensive road access, and natural beauty, this is truly a once-in-a-lifetime opportunity in northern Indiana. Whether you’re looking for a private retreat, working farm, or investment property, this one checks every box. Call today to schedule a private tour.
Listing Agent
Keller Williams Realty Group Brokerage Email: marlynnmast@gmail.com Listed on: 10/29/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,776
Year Built
- Built in 1983
Lot Details
- 40 Acre Lot
- Lot Dimensions are 2065x1015
- 1,200 Feet of Waterfront
- Lake Front
- Rural Setting
- Lot Has A Rolling Slope
- Partially Wooded Lot
Home Design
- Poured Concrete
- Metal Roof
- Vinyl Construction Material
Interior Spaces
- 1-Story Property
- Water Views
- Eat-In Kitchen
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Outdoor Features
- Lake Property
- Lake, Pond or Stream
Schools
- Lakeland Primary Elementary School
- Lakeland Intermediate
- Lakeland Jr/Sr High School
Utilities
- Forced Air Heating and Cooling System
- Private Company Owned Well
- Well
- Septic System
Listing and Financial Details
- Assessor Parcel Number 44-10-02-200-004.000-010
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,414 | $169,900 | $32,500 | $137,400 |
| 2023 | $1,358 | $160,400 | $29,300 | $131,100 |
| 2022 | $1,348 | $147,900 | $25,300 | $122,600 |
| 2021 | $1,107 | $125,000 | $22,900 | $102,100 |
| 2020 | $1,129 | $114,300 | $21,500 | $92,800 |
| 2019 | $1,129 | $111,000 | $21,800 | $89,200 |
| 2018 | $1,204 | $112,400 | $21,900 | $90,500 |
| 2017 | $1,128 | $107,000 | $22,200 | $84,800 |
| 2016 | $1,079 | $104,300 | $22,300 | $82,000 |
| 2014 | $1,000 | $98,700 | $30,100 | $68,600 |
| 2013 | $1,000 | $93,700 | $30,100 | $63,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/29/2025 10/29/25 | For Sale | $2,400,000 | -- | $2,143 / Sq Ft |
Source: Indiana Regional MLS
MLS Number: 202543954
APN: 44-10-02-200-004.000-010
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
- TBD E 180 S
- 1905 S 445 E
- 1030 N 400 E
- TBD N Willow Bend Dr
- 4350 S 895 E
- 306 N 100 E
- 1400 N 200 E
- 245 E 100 S
- 207 S Poplar St
- 914 S Detroit St
- 737 N Canal St
- 4800 S 930 E
- 9540 E 500 S
- 217 N Sherman St
- 0 Corner of Factory St & Townline Rd Unit 202541800
- 9630 E 520 S
- 915 N 015 E
- 5685 S 940 E
- 3200 S 1075 E
- 5534 S 980 E
- 835 Us-20 Unit 8
- 1815 Raleigh Ave
- 922 East Ave Unit 926 East Ave
- 328 N State St Unit 2
- 328 N State St Unit 4
- 636 Berry Ln
- 402 Granada Dr
- 701-703 Lake Ave Unit 701 Lake Ave
- 1998 Deerfield Ln
- 155 Memorial Dr
- 400 N Terrace Blvd
- 125 Mckinley St
- 1030 S Wayne St
- 1030 S Wayne St Unit 204
- 1030 S Wayne St Unit 203
- 1030 S Wayne St Unit 202
- 1030 S Wayne St Unit 201
- 1030 S Wayne St Unit 104
- 1030 S Wayne St Unit 103
- 1030 S Wayne St Unit 102