For Sale47d on market
Approx 5500 W #1200-N
New Palestine, IN, 46163 • 46163 • Shelby County
$1,200,000
40 acLot
Property DNA
No Subdivision
46163
This home is getting attention
Listed 47 days ago · 244 views · 8 saves
Market activity
Demand and pricing signals for this listing
244 views
People checking out this listing
8 saves
Buyers have saved this home
47 days on market
Established listing
Selling Soon Prediction
HighThis home ranks in the top 21% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Lot
HARD to FIND 40 Acres Located just south of the Town of New Palestine on the county line road of Hancock/Shelby Counties! Plenty of Ground for Pastures! Imagine your Homestead Nestled in the Woods! Put in your own Pond! Have your own Ground to do what you have been Dreaming about!!!! More to come..............No address is Available since there are no structures on this property...address listed is ONLY approx until Post Office assigns exact address once property is developed
Estimated monthly payment
Based on current rates
$7,827/month
Principal & Interest$6,227
Property Tax$1,200
Insurance$400
Down payment20% ($240,000)
3%50%
Est. 6.75% rate · 30yr fixed · $960,000 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeUnimproved Land, Residential Lots
Systems
Water / SewerNone, Well Required / Septic Needed
Parking & Outdoor
Lot40 Acres
Location & Tax
Neighborhood46163
ZoningAgricultural Vacant
Annual tax$854
Parcel730205100003000013
Features & details
2 categories of property features
Exterior Features
Lot Features
Not In Subdivision
Rural - Not Subdivision
Mature Trees
Trees-Small (Under 20 Ft)
Wooded
Rectangle
Rural
Small Trees
Other Structures
None
Listing insights
Market data and value estimates
StatusFor Sale
Days on market47
Tax rate0.70%
On marketFeb 20, 2026
PostedFeb 20, 2026
MLS statusActive
MLS updatedFeb 20, 2026
Tour days6
Views244
Favorites8
How are the schools in New Palestine?
3 schools rated nearby
Location
New Palestine, IN, 46163
Price history
3 events
DateEventPrice$/sqftSource
Feb 20, 2026Listed For Sale$1,200,000—MIBOR as distributed by MLS GRID
Jan 1, 2026Listing Removed$1,200,000—MIBOR as distributed by MLS GRID
Feb 13, 2025Listed For Sale$1,200,000—MIBOR as distributed by MLS GRID
Listed For Sale$1,200,000
Feb 20, 2026•MIBOR as distributed by MLS GRID
Listing Removed$1,200,000
Jan 1, 2026•MIBOR as distributed by MLS GRID
Listed For Sale$1,200,000
Feb 13, 2025•MIBOR as distributed by MLS GRID
Nearby homes
Neighborhood details
Local context around this listing
New Palestine, IN • Shelby County
Nearby cities
CumberlandFortvilleFountaintownGreenfieldMcCordsvilleMorristownNew PalestinePendleton
Nearby zip codes
46163
Similar homes
Based on information submitted to the MLS GRID as of 2026-04-08 22:33:07 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
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