For Sale161d on market
2140 S 500 E
Lagrange, IN, 46761 • 46761 • Lagrange County
$1,980,000
$1768/sqft
-$420,000 since Mar 16, 2026
Down payment assistance available
2Beds
1Baths
1,120Sqft
40 acLot
1983Built
Property DNA
On the Royer Lake
Waterfront, Lake, Lake Front, Non Ski Lake
Water Views
Water
None
46761
This home is in high demand
Listed 161 days ago · 412 views · 1 saves · Top 9% likely to sell soon
Market activity
Demand and pricing signals for this listing
412 views
People checking out this listing
1 saves
Buyers have saved this home
161 days on market
Established listing
$1,768/sqft
Price per square foot
Selling Soon Prediction
Very HighThis home ranks in the top 9% 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
Single Family · Built 1983
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.
Standout features identified
Our analysis highlights peaceful non-ski lake, plumbed for second bathroom, and serene waterfront as key attractions of this home.
Estimated monthly payment
Based on current rates
$12,914/month
Principal & Interest$10,274
Property Tax$1,980
Insurance$660
Down payment20% ($396,000)
3%50%
Est. 6.75% rate · 30yr fixed · $1,584,000 loan
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At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1983
HeatingForced Air
CoolingCentral Air
ParkingNo Data
Lot40 Acres
Days on Zillow161 Days
Property
Home typeSingle Family
Sub-typeSingle Family Residence
Year built1983
Stories1
Systems
HeatingForced Air
CoolingCentral Air
RoofMetal
ConstructionVinyl Siding
Water / SewerWell / Septic Tank
Parking & Outdoor
BasementFull,Walk-Out Access,Unfinished,Concrete
Lot40 Acres
Location & Tax
Neighborhood46761
Annual tax$1,776
Parcel441002200004000010
Bathrooms & Fees
Full baths1
Features & details
6 categories of property features
Interior Features
Interior
Eat-in Kitchen
Heating
Forced Air
Cooling
Central Air
Exterior Features
Construction
Vinyl Siding
Lot Features
Few Trees
Rolling Slope
15+
Rural
Views
Water
Room details
2 rooms detailed
Bedroom1
MainBedroom2
MainListing insights
Market data and value estimates
StatusFor Sale
Days on market161
Est. rent$1,200/mo
Tax rate0.54%
Price/sqft$1768
On marketOct 29, 2025
PostedOct 29, 2025
MLS statusActive
MLS updatedMar 16, 2026
Tour days9
Views412
Favorites1
How are the schools in Lagrange?
3 schools rated nearby
Location
Lagrange, IN, 46761
Price history
2 events
DateEventPrice$/sqftSource
Mar 16, 2026Price Change$1,980,000—IRMLS
Oct 29, 2025Listed For Sale$2,400,000—IRMLS
Price Change$1,980,000
Mar 16, 2026•IRMLS
Listed For Sale$2,400,000
Oct 29, 2025•IRMLS
Tax history
17 years of records
YearTax paidAssessed value
Apr 9, 2025$1,414$177,400
Apr 9, 2024$1,358$169,900
Apr 9, 2023$1,348$160,400
Apr 9, 2022$1,107$147,900
Apr 9, 2021$1,119$125,000
Apr 9, 2020$1,119$114,300
Apr 9, 2019$1,204$111,000
Apr 9, 2018$1,128$112,400
Apr 9, 2017$1,079$107,000
Apr 9, 2016$1,026$104,300
Apr 9, 2014$1,000$98,700
Apr 9, 2013$341$93,700
Apr 9, 2012$335$93,400
Apr 9, 2011$354$96,600
Apr 9, 2009$370$101,500
Apr 9, 2006$545$106,900
Apr 9, 2005—$83,400
Nearby homes
Neighborhood details
Local context around this listing
Lagrange, IN • Lagrange County
Nearby neighborhoods
StrohWildwood
Nearby cities
HoweLagrangeMongoShipshewanaTopekaWolcottville
Nearby zip codes
4676146789
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