11621 N Elm Grove Dr

Lake Wawasee Channel Front Home with Lake Views, Pool, Hot Tub & Income Potential. Welcome to this distinctive and well-maintained channel front home on Lake Wawasee—Indiana’s largest natural all-sports lake. With peaceful lake and wetlands views, a private pool, hot tub, boathouse, backlot w/garage and generous indoor/outdoor living spaces, this property offers an exceptional lake lifestyle with room for guests and strong rental income potential. Offering 3 bedrooms, 3 full baths, and multiple living areas across three levels, this home is ideal for year-round living, a weekend escape, or a high-performing vacation rental. The main floor features two bedrooms, a full bath, a spacious kitchen, and a vaulted great room with sweeping lake views and access to the upper deck—perfect for entertaining or relaxing. Upstairs, an open loft suite includes a private bath, balcony, and workspace, creating a cozy and flexible retreat. The walkout lower level adds a second living area or fourth sleeping space, complete with its own full bath and direct access to the patio, hot tub, and lakeside fire pit. Outdoors, enjoy three decks, a solar-heated private pool (electric heater also available), a wood-burning fireplace, and your own pier and boathouse along the channel. Just minutes from the open lake and the popular Wawasee sandbar, this location offers quick access to everything that makes lake life unforgettable. Included with the sale is a desirable backlot featuring an oversized 2.5-car garage with walk-up attic—ready to be transformed into a guest suite, game room, or extra storage. Ample parking on both lots makes it easy to host family, friends, or lake rental guests. This property has been a successful VRBO/Airbnb rental with proven income—financials available upon request. Located approximately 2.5 hours from Chicago or Indianapolis and under an hour from Fort Wayne or South Bend, this is a rare opportunity to own a versatile, turn-key home on Lake Wawasee.