$319,000
OPEN HOUSE 1/18

5046 N 475 E Leesburg, IN 46538

Estimated payment $1,778/month

Total Views 104
2 Beds
1 Bath
1,063 Sq Ft
$300 Price per Sq Ft

Highlights

  • 109 Feet of Waterfront
  • Lake Property
  • Solid Surface Countertops
  • Pier or Dock
  • Traditional Architecture
  • Beamed Ceilings

About This Home

**OPEN HOUSE on January 18th from 2-4 p.m.** Enjoy peaceful, private lake living on beautiful Shoe Lake, a no-wake lake perfect for relaxing, kayaking, fishing and taking in the scenery. This thoughtfully maintained and updated home features 2 bedrooms and 1 bathroom and is being offered fully furnished, making it truly move-in or rental ready. An added bonus is the finished bunk room attached to the garage, featuring a soundproof wall, Wi-Fi, and a mini-split system—ideal for guests, a home office, or additional sleeping space. All interior furnishings, décor, and appliances are included, allowing you to start enjoying the home immediately. The home has seen several recent upgrades, including a new high-efficiency HVAC system with a 10-year warranty and new windows (2025) throughout, with the exception of the porch. Motorboats are allowed on the lake with a 10 mph speed limit. Whether you’re looking for a serene weekend getaway, a full-time residence, or an investment opportunity, this fully equipped Shoe Lake property offers comfort, privacy, and lake life at it's finest.

Listing Agent

Jenna Jones

Berkshire Hathaway HomeServices Goshen Brokerage Phone: 574-534-1010 Listed on: 01/08/2026

Berkshire Hathaway HomeServices Goshen

Open House Schedule

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,315

Year Built

  • Built in 1945

Lot Details

  • 7,632 Sq Ft Lot
  • Lot Dimensions are 106x72
  • 109 Feet of Waterfront
  • Lake Front
  • Landscaped

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,063 Sq Ft Home
  • 1.5-Story Property
  • Beamed Ceilings
  • Ceiling Fan
  • Living Room with Fireplace
  • Water Views
  • Crawl Space

Kitchen

  • Oven or Range
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Lake Property
  • Lake, Pond or Stream
  • Enclosed Patio or Porch

Schools

  • North Webster Elementary School
  • Wawasee Middle School
  • Wawasee High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Private Company Owned Well
  • Well

Listing and Financial Details

  • Assessor Parcel Number 43-08-18-200-488.000-023

Community Details

Amenities

  • Community Fire Pit

Recreation

  • Pier or Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,315

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1945
  • Style: One and Half Story
  • Architectural Style: Traditional
  • Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: 5-72-63 Stp Along Lake Shore Sw Pt Se Frcl 1/4 18-33-7 .16A
  • Parcel Number ID: 43-08-18-200-488.000-023
  • Platted: Yes
  • Amenities: Ceiling Fan(s), Ceilings-Beamed, Countertops-Solid Surf, Dryer Hook Up Electric, Firepit, Garage Door Opener, Landscaped, Porch Enclosed, Range/Oven Hk Up Gas/Elec, Main Floor Laundry, Washer Hook-Up
  • Location: Lake
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1063
  • Total Finished Sq Ft: 1063
  • Above Grade Finished Sq Ft: 1063
  • Basement Foundation: Crawl
  • Basement Material: Poured Concrete
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm
  • Fireplace: Yes
  • Living Great Room: Dimensions: 16x12, On Level: Main
  • Kitchen: Dimensions: 9x8, On Level: Main
  • Dining Room: Dimensions: 10x8, On Level: Main
  • Bedroom 1: Dimensions: 10x9, On Level: Main
  • Bedroom 2: Dimensions: 13x12, On Level: Upper
  • Other Room1: Sunroom, Dimensions: 25x8, On Level: Main
  • Other Room 2: Bunk/Bonus Room, Dimensions: 17x8, On Level: Main
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt
  • Outbuilding1: None
  • Lake Type: Non Ski Lake
  • Water Features: Pier/Dock
  • Water Frontage: 109
  • Water Name: Shoe Lake

Garage/Parking

  • Garage Type: Detached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 22x22
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Regional
  • Water Utilities: Well
  • Laundry: Dimensions: Mainx8, On Level: 7
  • Water Type: Lake
  • Well Type: Private

Schools

  • Elementary School: North Webster

Lot Info

  • Lot Description: Waterfront, Water View
  • Lot Dimensions: 106X72
  • Estimated Lot Sq Ft: 7632
  • Estimated Lot Size Acres: 0.18

Tax Info

  • Annual Taxes: 1314.8

Multi Family

  • Water Access: Lakefront

MLS Schools

  • High School: Wawasee
  • Middle School: Wawasee
  • School District: Wawasee

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 $1,375 $140,200 $53,400 $86,800
2023 $1,309 $130,000 $51,200 $78,800
2022 $1,106 $109,300 $39,500 $69,800
2021 $927 $88,600 $33,000 $55,600
2020 $866 $86,600 $33,000 $53,600
2019 $824 $83,700 $33,000 $50,700
2018 $734 $81,500 $33,000 $48,500
2017 $734 $79,800 $33,000 $46,800
2016 $594 $74,600 $29,300 $45,300
2014 $630 $71,800 $29,300 $42,500
2013 $630 $71,600 $29,300 $42,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/08/2026 01/08/26 For Sale $319,000 +19.9% $300 / Sq Ft
08/16/2024 08/16/24 Sold $266,000 -3.2% $275 / Sq Ft View Prior Sale
07/11/2024 07/11/24 For Sale $274,900 +66.6% $285 / Sq Ft
09/21/2023 09/21/23 Sold $165,000 +3.2% $266 / Sq Ft View Prior Sale
08/14/2023 08/14/23 For Sale $159,900 -- $258 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $266,000 Metropolitan Title
Warranty Deed -- Metropolitan Title
Quit Claim Deed -- --
Warranty Deed $50,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $148,500 New Conventional
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202600693

Indiana Regional MLS

APN: 43-08-18-200-488.000-023