Active

Price cut: $130K (5/19)

$550,000

11401 W 500 S, Mentone, IN 46539

2beds

1,915sqft

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Single Family Residence

Built in 1980

5.18 Acres Lot

$525,300 Zestimate^®

$--/sqft

$-- HOA

What's special

Rare opportunity to own this truly unique property situated on just over 5 beautiful acres with a stunning private pond! This one-of-a-kind property features a massive 7,200+ sq. ft. barn that previously housed horses and includes upper-level hay storage, offering endless possibilities for a business, hobby farm, workshop, or recreational use. The lower level of the house includes a kitchen, full bath, and two additional rooms perfect for offices, a den, pantry space, or flex rooms. Upstairs, you’ll find a spacious family room centered around a gorgeous stone chimney, a primary suite with an attached full bath, and a second bedroom. Enjoy peaceful views from the large screened-in porch or relax on the wood deck overlooking the impressive 22-foot-deep pond. The dock and fish house remain with the property. The large greenhouse along the house is a gardener's dream and helps to heat the house. A truly special setting with endless potential!

59 days

524

22

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2
Main level bedrooms: 2

Bedroom 1

Level: Main

Bedroom 2

Level: Main

Dining room

Level: Lower
Area: 160
Dimensions: 16 x 10

Kitchen

Level: Lower
Area: 304
Dimensions: 19 x 16

Living room

Level: Main
Area: 744
Dimensions: 31 x 24

Office

Level: Lower
Area: 100
Dimensions: 10 x 10

Heating

Other

Cooling

Central Air, Ceiling Fan(s)

Appliances

Included: Dishwasher, Refrigerator, Washer, Dryer-Gas, Gas Oven, Water Filtration System, Water Softener Owned
Laundry: Gas Dryer Hookup

Features

Ceiling-9+, Ceiling Fan(s), Natural Woodwork, Stand Up Shower, Main Level Bedroom Suite
Flooring: Carpet
Windows: Skylight(s)
Basement: Full,Walk-Out Access,Finished,Concrete
Number of fireplaces: 1
Fireplace features: Kitchen

Interior area

Total structure area: 2,605
Total interior livable area: 1,915 sqft
Finished area above ground: 1,450
Finished area below ground: 465

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Property

Parking

Total spaces: 2
Parking features: Attached, Garage Door Opener
Attached garage spaces: 2

Features

Patio & porch: Enclosed
Has spa: Yes
Spa features: Jet Tub, Jet/Garden Tub
On waterfront: Yes
Waterfront features: Pier/Dock, Private Beach, Pond

Lot

Size: 5.18 Acres
Dimensions: 330X67.5
Features: Level, Few Trees, 3-5.9999, Rural, Landscaped

Details

Additional structures: Barn(s), Barn
Additional parcels included: 1572000481
Parcel number: 431311100074.000005

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Wood Siding

Condition

New construction: No
Year built: 1980

Utilities & green energy

Sewer: Private Sewer
Water: Well

Community & HOA

Community

Subdivision: None

Location

Region: Mentone

Financial & listing details

Tax assessed value: $325,700
Annual tax amount: $1,990
Date on market: 5/19/2026
Listing terms: Cash,Conventional
Road surface type: Gravel

Estimated market value

$525,300

$499,000 - $552,000

$1,767/mo

Price history

Date	Event	Price
5/19/2026	Price change	$550,000-19.1%
Source: IRMLS #202619045 Report a problem
3/19/2026	Listed for sale	$680,000$355/sqft
Source: Owner Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,195 -4.4%	$325,700 +5.5%
2024	$2,296 -6.6%	$308,600 +4.4%
2023	$2,458 +34.4%	$295,600 +1.9%
2022	$1,829 +3%	$290,200 +32.1%
2021	$1,776 +9.6%	$219,600 +4.3%
2020	$1,621 +1%	$210,500 +4.4%
2019	$1,605 +9.2%	$201,600 +2.9%
2018	$1,470 -30%	$195,900 +2.5%
2017	$2,100 +60.1%	$191,100 +1.8%
2016	$1,312 -8.4%	$187,800 -0.1%
2014	$1,432 -0.1%	$187,900 +0.1%
2013	$1,433 +13.6%	$187,700 +13.9%
2012	$1,262 -6.8%	$164,800 -3.4%
2011	$1,353 -5.6%	$170,600 -2.6%
2010	$1,433 +70.1%	$175,200 +35.8%
2009	$843 -7.5%	$129,000 +0.1%
2007	$911	$128,900 -2.6%
2006	--	$132,300 +15.8%
2005	--	$114,200

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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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