7332 NE Shafer Road
Monticello, IN, 47960 $ 5,250,000
Bedrooms6 Baths7.1 Monthly Estimate*
$ 36,673
for $5,250,000 with 6 bedrooms and 7 full baths, 1 half bath. This home was built in 1997 on a lot size of 160.
This private oasis is a self-sustained retreat with 3000 linear feet of waterfront property sitting on 160 private acres on Lake Shafer, forest, trails, ponds and even farmland. Everything your heart desires and so much more. For those water enthusiasts you will find two boat houses each equipped with automatic boat lifts which accommodate pontoon boats, jet boats, jet skis and paddle boats. On the water you will also find a sizable pier, sandy beach, beach volleyball court and fire pit. In one boat house you will find a party room, fully functioning kitchen, powder room, a wrap-around partially covered deck that overlooks the water and a BBQ area equipped with gas grills and picnic benches. The New England style main house greets you with an enormous wrap-around porch that overlooks the lake. Perfect for dinner after a fun day on the water. This home was built for comfort and entertaining with 3 bedrooms and sleeping nooks which can easily sleep 12, 4 full baths, one powder room, laundry room, a cathedral ceiling great room, formal dining room, full functioning kitchen with coffee bar plus 2 stone fireplaces and a sizable comfy loft. The stunning guest house has 3 bedrooms, can easily sleep 11, 3 full baths, a great room, full kitchen plus dining area, fantastic family room that leads to the deck with a hot tub, plus an outdoor shower. Want to play a game of basketball, enjoy the full-sized outdoor basketball court. The kids can romp around on the jungle gym for hours. The impressive barn has six stalls and can house horses, goats and cows easily. The barn has a full bath on the main level, a guest suite in the silo/turret with a living room, kitchenette, bedroom and full bath. Upstairs there is an indoor half-court basketball court and full workout area. There are fenced in horse pastures surrounded the barn and land as well. The fishing hut sleeps 4 with a kitchenette, full bath and covered deck overlooking the bass stocked aerated pond. Of course you need a place for the toys, the oversized, newly built shed with heating and cooling can hold those 3 wheelers, motor bikes, snowmobiles, store the boats and collector cars. The newly renovated carriage house is a site to be seen. Set on the South edge of the property next to the forest and on the bayou, this home overlooks the lake and the bayou with direct access to the water from the tiered cement break wall. This home is an entertainer's dream with sliding door entrances to patios, a fenced in yard. Gorgeous chefs' kitchen, formal and informal dining areas, al fresco dining space outside, a massive great room with cathedral ceilings, 4 built-in sleeping books with lighting, electric and wi-fi, 2 bedrooms, 3 full baths provides ample arrangements for all guests. This is all set just outside of the quaint little town of Monticello where you will also find Indiana Beach and the amusement park.
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FeaturesGeneralInterior Features Vaulted/Cathedral Ceilings Hardwood Floors First Floor Bedroom First Floor Laundry First Floor Full Bath Walk-In Closet(s)
Sewer Septic-Private
Heating Natural Gas
Cooling Central Air
Possession Closing
Roof Shake
Exterior Features Deck Patio Porch Hot Tub Brick Paver Patio Boat Slip Storms/Screens Outdoor Grill Fire Pit Box Stalls
Garage Spaces 7
Association Fee Includes None
Architectural Style Other
Year Built 1997
Township Liberty
Tax Year 2022
Percent Ownership Fee Simple
Community Features Horse-Riding Area Lake Dock Water Rights Gated
Assoc Fee Paid Per Not Applicable
County Lake
New Construction N
Property Type Residential Detached Single
Other Structures Barn(s) Guest House Poultry Coop RV/Boat Storage Second Residence Shed(s) Stable(s) Boat Dock Boat House Cabana Corral(s) Outdoor Riding Ring Storage Utility Building(s)
Total Rooms 11
Status Active
Directions Private Drive off of Shafer Dr
High School Twin Lakes
City Monticello
MLS Area Indiana and East
Waterfront Y/N Y
Street Name Shafer
Elementary School Twin Lakes
Tax Annual Amount 19564.58
Middle/Junior High School Roosevelt
Additional Parcels Y/N Y
Virtual Tour https://www.youtube.com/watch?v=xnX7ZDIqDVI
Days on Market 6
Standard Status Active
Middle/Junior School District OAKLA
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InteriorBasement Partial Finished
Total Fireplaces 2
Fireplace Features Wood Burning Gas Starter
Full Baths 7
Half Baths 1
Street Suffix Road
Laundry Features In Unit Multiple Locations Sink
Total Bedrooms 6
Room Type Bedroom 5 Kitchen Bedroom 6
Total Baths 8
Bedrooms Possible 6
Bathrooom Whirlpool Separate Shower Double Sink Soaking Tub
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ExteriorParking Features Driveway
Lot Features Beach Fenced Yard Horses Allowed Lake Front Landscaped Paddock Pond(s) River Front Water View Wooded Mature Trees Dock Garden Lake Access Outdoor Lighting Pasture Views Waterfront Wood Fence
Water Source Private Well
Total Parking 19
Lot Dimensions 160
Lot Size Acres 160
Other Equipment Security System Ceiling Fan(s) Multiple Water Heaters
Garage Onsite Yes
Garage Type Detached
Garage Ownership Owned
Exterior Wood Siding
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* Excluded FeaturesList ByBerkshire Hathaway Homeservices ChicagoBroker
ltopp@bhhschicago.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $36,673
- Monthly Property Taxes
- $1,630
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Monticello, IN
Average List Price $553,930
Percent of Sale Price 89%
About Monticello, IN 5,515 Population
-4% Since 2002
$ 40,981 Median Income
40.82 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
4638203 Elementary School
4638204 Middle School
Twin Lakes High School High School
Pricing HistoryDate | Price | Price Change | Description |
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4/15/2024 | $5,250,000 | | Listed Price |