Very special and unique 31-acre property offers opportunities for full-time living, recreation, investment, hunting or a private getaway. The secluded setting provides privacy and is surrounded by abundant wildlife and natural beauty. Property features a 2+ acre stocked lake with a scenic, park-like setting. The land includes established walking and ATV trails, cliffs, rock formations, and creeks with seasonal waterfalls. Woods consist primarily of hardwoods with future timber potential; seller recently completed a light select cut. The home offers 3 bedrooms, 1 full bath, and a full unfinished walk-out basement. Constructed with all-brick exterior and a metal roof, the home has been updated and is move-in ready. Currently used as an Airbnb and office/workspace, but easily adaptable for full-time living. Includes multiple outbuildings and shelter house. A large barn with a massive fireplace provides a great space for gatherings or events. Property was formerly home to Eagle Wings Zipline; existing zipline towers remain but are not currently in use. This property is truly special, so much to take in!!!
Active
$550,000
10227 Lorainne Rd, Leopold, IN 47551
3beds
1,354sqft
Single Family Residence
Built in 1972
31.18 Acres Lot
$514,300 Zestimate®
$--/sqft
$-- HOA
What's special
All-brick exteriorSecluded setting provides privacyMetal roof
- 81 days |
- 378 |
- 26 |
Zillow last checked:
Listing updated:
Listed by:
Phyllis LaGrange Cell:812-719-4221,
Key Associates Signature Realty
Source: IRMLS,MLS#: 202611690
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 3
Bedroom 1
- Level: Main
Bedroom 2
- Level: Main
Dining room
- Level: Main
- Area: 132
- Dimensions: 12 x 11
Kitchen
- Level: Main
- Area: 121
- Dimensions: 11 x 11
Living room
- Level: Main
- Area: 204
- Dimensions: 17 x 12
Heating
- Electric, Heat Pump
Cooling
- Central Air
Appliances
- Included: Microwave, Refrigerator, Washer, Dryer-Electric, Electric Range, Electric Water Heater, Water Softener Owned
Features
- Breakfast Bar, Ceiling Fan(s), Laminate Counters, Eat-in Kitchen, Entrance Foyer, Stand Up Shower
- Flooring: Carpet, Laminate, Tile
- Windows: Window Treatments
- Basement: Full,Walk-Out Access,Unfinished,Exterior Entry,Block
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,708
- Total interior livable area: 1,354 sqft
- Finished area above ground: 1,354
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: Gravel
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch Covered
- Fencing: Chain Link,Pet Fence
- Waterfront features: Lake
Lot
- Size: 31.18 Acres
- Features: Many Trees, Irregular Lot, Rolling Slope, Sloped, 15+, Wooded, Rural
Details
- Additional structures: Barn(s), Outbuilding
- Additional parcels included: 6209-15-300-001.002-003
- Parcel number: 620915300001.001003
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Brick
- Roof: Metal
Condition
- New construction: No
- Year built: 1972
Utilities & green energy
- Electric: Southern Indiana Power
- Gas: None
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Features: None
- Subdivision: None
Location
- Region: Leopold
Financial & listing details
- Tax assessed value: $148,900
- Annual tax amount: $3,070
- Date on market: 4/6/2026
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
- Road surface type: Gravel
Estimated market value
$514,300
$489,000 - $540,000
$1,073/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/6/2026 | Listed for sale | $550,000 |
Source:  IRMLS #202611690 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,729 +10.7% | $148,900 +5.7% |
| 2024 | $2,465 +0.3% | $140,900 +13% |
| 2023 | $2,458 +11.8% | $124,700 -0.9% |
| 2022 | $2,199 +12% | $125,800 +14.5% |
| 2021 | $1,963 +7% | $109,900 +6.4% |
| 2020 | $1,835 -0.2% | $103,300 +3.3% |
| 2019 | $1,838 +1% | $100,000 +3.2% |
| 2018 | $1,820 +11.5% | $96,900 -3.2% |
| 2017 | $1,632 | $100,100 +1.4% |
| 2016 | $1,632 +0.9% | $98,700 +5.3% |
| 2014 | $1,617 -4.9% | $93,700 +2% |
| 2013 | $1,700 +2.9% | $91,900 -3.8% |
| 2012 | $1,653 | $95,500 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 47551
Nearby schools
GreatSchools rating
- 6/10Perry Central Elementary SchoolGrades: PK-6Distance: 2.4 mi
- 8/10Perry Central Jr-Sr High SchoolGrades: 7-12Distance: 2.4 mi
Schools provided by the listing agent
- Elementary: Perry Central
- Middle: Perry Central
- High: Perry Central
- District: Perry Central Community Schools
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Indiana
- Perry County
- Leopold
- 47551
- 10227 Lorainne Rd
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