$475,000
$75K PRICE DROP

725 Bluewater Dr Monticello, IN 47960

Estimated payment $2,871/month

Total Views 14,547
4 Beds
4 Baths
2,092 Sq Ft
$227 Price per Sq Ft

Highlights

  • 105 Feet of Waterfront
  • Open Floorplan
  • Dock Rights
  • Pier or Dock
  • Lake Property
  • Traditional Architecture

About This Home

LAKE LIFE goals at its finest! This riverfront property is located just a short boat ride from main Lake Freeman! All situated around the inviting courtyard you’ll find easy access to the properties 3 buildings- the main house, guest house/detached garage, and “party” barn. The main house has an open concept first floor kitchen, dining, and living area with fireplace, windows overlooking the water, upgraded kitchen appliances, plus a den, laundry, and full bathroom. The second floor is where you will find 3 bedrooms, and 2 additional full bathrooms-including the primary suite with a gorgeous walk-in tiled shower, walk-in closet, and balcony overlooking the gorgeous water view. The guest house/studio has its own entrance with a bedroom/kitchenette and full bathroom with a walk-in tiled shower. The finished “party barn” is an added perk and the ideal entertaining space with wood floors, windows all around, and a custom bar. Covered boat house and permanent lift. Next door to Bluewater Park with a playground, basketball courts, and public access point so your guests can bring their watercraft, too! Whether you are looking for year round living, space to entertain guests, or Airbnb income, this incredible property is one of a kind and sure to check all the boxes!

Listing Agent

Maria Sandlin

Raeco Realty Listed on: 04/28/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,097

Year Built

  • Built in 2001

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 120x105
  • 105 Feet of Waterfront
  • River Front
  • Backs to Open Ground
  • Privacy Fence
  • Vinyl Fence
  • Aluminum or Metal Fence
  • Landscaped

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,092 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Bar
  • Ceiling height of 9 feet or more
  • Skylights
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Storage In Attic

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Kitchen Island
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on main level

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Sun Deck
  • Seawall
  • Dock Rights
  • Lake Property
  • Balcony
  • Patio

Location

  • Suburban Location

Schools

  • Oaklawn Elementary School
  • Roosevelt Middle School
  • Twin Lakes High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • The river is a source of water for the property

Listing and Financial Details

  • Assessor Parcel Number 91-73-27-000-000.700-021

Community Details

Amenities

  • Community Fire Pit

Recreation

  • Pier or Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,097

Year Built

Built in 2001

Lot Details

0

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 2001
  • Age: 24
  • Style: Two Story
  • Architectural Style: Traditional
  • Total Number of Rooms: 9
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: JCR 4TH DENNIS P. TEETER'S SUB OF LTS 17 & 18 LT 1 & N 1/2 LT 2 |
  • Parcel Number ID: 91-73-27-000-000.700-021
  • Platted: Yes
  • Amenities: 1st Bdrm En Suite, Alarm System-Security, Attic Storage, Balcony, Bar, Ceiling-9+, Closet(s) Walk-in, Countertops-Laminate, Deck on Waterfront, Detector-Smoke, Disposal, Eat-In Kitchen, Firepit, Garage Door Opener, Kitchen Island, Landscaped, Open Floor Plan, Patio Open, Range/Oven Hook Up Gas, Skylight(s), Wiring-Security System, Alarm System-Sec. Cameras, Stand Up Shower, Tub/Shower Combination, Main Floor Laundry
  • Location: City/Town/Suburb, Lake
  • Year Taxes Payable: 2025
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 2092
  • Total Finished Sq Ft: 2092
  • Above Grade Finished Sq Ft: 2092
  • Price Per Sq Ft: 227.06
  • Basement Foundation: Slab
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm, Gas Log
  • Fireplace: Yes
  • Flooring: Carpet, Tile
  • Living Great Room: Dimensions: 20x14, On Level: Main
  • Kitchen: Dimensions: 17x14, On Level: Main
  • Dining Room: Dimensions: 20x14, On Level: Main
  • Den: Dimensions: 18x13, On Level: Main
  • Bedroom 1: Dimensions: 20x14, On Level: Upper
  • Bedroom 2: Dimensions: 17x10, On Level: Upper
  • Bedroom 3: Dimensions: 17x10, On Level: Upper
  • Bedroom 4: Dimensions: 22x12, On Level: Main
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Metal
  • Outbuilding1: Outbuilding, Dimensions: 35x23
  • Fence: Metal, Privacy, Vinyl
  • Sea Wall Type: Concrete
  • Water Features: Boat Docking Rights, Pier/Dock
  • Water Frontage: 105
  • Water Name: Lake Freeman

Garage/Parking

  • Driveway: Concrete
  • Garage Type: Detached
  • Garage Number Of Cars: 1
  • Garage Size: Dimensions: 35x21
  • Garage Sq Ft: 735
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Gas Company: NIPSCO
  • Laundry: Dimensions: Mainx5, On Level: 7
  • Water Type: River

Schools

  • School District: Twin Lakes School Corp.
  • Elementary School: Oaklawn
  • Middle School: Roosevelt
  • High School: Twin Lakes
  • Elementary School: Oaklawn

Lot Info

  • Lot Description: Waterfront, 0-2.9999, Lake, Waterfront-Level Bank
  • Lot Dimensions: 120x105
  • Estimated Lot Sq Ft: 12632
  • Estimated Lot Size Acres: 0.29

Tax Info

  • Annual Taxes: 4097
  • Exemptions: Homestead

Multi Family

  • Water Access: Riverfront

MLS Schools

  • High School: Twin Lakes
  • Middle School: Roosevelt
  • School District: Twin Lakes School Corp.

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $4,097 $327,100 $50,200 $276,900
2023 $3,571 $282,300 $50,200 $232,100
2022 $3,217 $253,500 $50,200 $203,300
2021 $2,705 $211,400 $50,200 $161,200
2020 $2,646 $205,900 $53,800 $152,100
2019 $2,120 $179,500 $59,800 $119,700
2018 $2,128 $179,900 $59,800 $120,100
2017 $2,071 $177,600 $59,800 $117,800
2016 $2,046 $175,700 $59,800 $115,900
2014 $1,942 $174,300 $57,600 $116,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2025 09/08/25 Price Changed $475,000 -4.0% $227 / Sq Ft
08/20/2025 08/20/25 Price Changed $495,000 -2.8% $237 / Sq Ft
08/04/2025 08/04/25 Price Changed $509,000 -2.1% $243 / Sq Ft
05/23/2025 05/23/25 Price Changed $519,900 -5.5% $249 / Sq Ft
04/28/2025 04/28/25 For Sale $549,900 +111.5% $263 / Sq Ft
09/07/2016 09/07/16 Sold $260,000 -1.8% $124 / Sq Ft
08/02/2016 08/02/16 Pending -- -- --
07/26/2016 07/26/16 For Sale $264,900 -- $127 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Deed $260,000 Metropolitan Title Of Indiana
Deed $262,500 Blair & Griffth
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202514921

Indiana Regional MLS

APN: 91-73-27-000-000.700-021