Welcome to Affordable Lake Tippecanoe Living! If you've been dreaming of spending your summers on one of Indiana's premier all-sports lakes, this is your opportunity. Located at 171 EMS T13 Lane, Leesburg, this quality-built waterfront ranch offers 49 feet of channel frontage with a 2-minute boat ride to the open waters of Lake Tippecanoe—giving you more time enjoying the lake and less time getting there. Offering just under 1,800 square feet, this spacious ranch has been well cared for through the years and is ready for its next chapter. The inviting living room features a cozy fireplace, while the kitchen overlooks the channel and backyard, creating the perfect setting to prepare meals while taking in the waterfront views. Newer stainless steel kitchen appliances are included, making your move even easier. The generous primary suite offers a private bath and ample closet space, while two additional bedrooms and a second full bath provide room for family and friends. While some cosmetic updates could further enhance the home, its quality construction, solid floor plan, and move-in-ready condition allow you to start enjoying lake life immediately while updating at your own pace. Outdoor living is just as impressive, featuring an oversized deck ideal for morning coffee, summer cookouts, or relaxing after a day on the water. The dock and boat lift are included, along with a concrete seawall, making it easy to launch into lake life from day one. An oversized 2.5-car attached garage and a large storage shed with loft provide exceptional space for vehicles, tools, and all your boating and recreational equipment. Situated among beautiful waterfront homes and outside the flood plain, this property offers peace of mind along with lasting value. Whether you're looking for a year-round residence or a weekend retreat, this home offers an exceptional opportunity to own on Lake Tippecanoe—Indiana's deepest natural lake, renowned for boating, skiing, fishing, sailing, and unforgettable sunsets. Your lake memories begin here at Lake Tippecanoe
Active
Price cut: $29.9K (9/2)
$525,000
171 Ems T13 Ln, Leesburg, IN 46538
3beds
1,782sqft
Single Family Residence
Built in 1986
0.35 Acres Lot
$507,600 Zestimate®
$--/sqft
$-- HOA
What's special
Waterfront viewsWaterfront ranchCozy fireplacePrivate bathGenerous primary suiteTwo additional bedroomsAmple closet space
- 29 days
- 1,856
- 53
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Deb Paton Showley Cell:574-527-6022,
Coldwell Banker Real Estate Group
Source: IRMLS,MLS#: 202631703
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bedrooms: 3
Bedroom 1
- Level: Main
Bedroom 2
- Level: Main
Dining room
- Level: Main
- Area: 100
- Dimensions: 10 x 10
Kitchen
- Level: Main
- Area: 120
- Dimensions: 15 x 8
Living room
- Level: Main
- Area: 340
- Dimensions: 20 x 17
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Range/Oven Hook Up Gas, Dishwasher, Microwave, Refrigerator, Washer, Dryer-Gas, Gas Oven, Gas Range, Water Filtration System, Gas Water Heater, Water Softener Owned
- Laundry: Gas Dryer Hookup, Main Level, Washer Hookup
Features
- 1st Bdrm En Suite, Breakfast Bar, Ceiling Fan(s), Walk-In Closet(s), Laminate Counters, Entrance Foyer, Natural Woodwork, Open Floorplan, Double Vanity, Tub/Shower Combination, Main Level Bedroom Suite, Custom Cabinetry
- Flooring: Carpet, Laminate, Tile, Vinyl
- Doors: Pocket Doors
- Windows: Window Treatments, Blinds
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: Living Room, One
Interior area
- Total structure area: 1,782
- Total interior livable area: 1,782 sqft
- Finished area above ground: 1,782
- Finished area below ground: 0
Property
Parking
- Total spaces: 2.5
- Parking features: Attached, Garage Door Opener, Concrete
- Attached garage spaces: 2.5
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Exterior features: Workshop, Boat Lift-Temporary
- Fencing: None
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Waterfront, Lake, Waterfront-Medium Bank, Deck on Waterfront, Pier/Dock, Canal Front, Ski Lake
- Body of water: Tippecanoe Lake
- Frontage length: Channel/Canal Frontage(49),Water Frontage(49)
Lot
- Size: 0.35 Acres
- Features: Rolling Slope, 0-2.9999, Lake, Rural, Landscaped
Details
- Additional structures: Shed
- Parcel number: 430818200049.000023
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Stone, Wood Siding
- Roof: Asphalt,Shingle,Dimensional Shingles
Condition
- New construction: No
- Year built: 1986
Utilities & green energy
- Electric: REMC
- Gas: NIPSCO
- Sewer: Regional
- Water: Well
Community & HOA
Community
- Features: None
- Subdivision: None
Location
- Region: Leesburg
Financial & listing details
- Tax assessed value: $465,700
- Annual tax amount: $2,137
- Date on market: 8/5/2026
- Listing terms: Cash,Conventional
- Road surface type: Asphalt
Estimated market value
$507,600
$482,000 - $533,000
$1,878/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/2/2026 | Price change | $525,000-5.4% |
Source:  IRMLS #202631703 Report a problem | ||
| 8/5/2026 | Listed for sale | $554,900+113.5% |
Source: IRMLS #202631703 Report a problem | ||
| 4/2/2010 | Listing removed | $259,900$146/sqft |
Source: Todd Realty #26008 Report a problem | ||
| 3/20/2010 | Listed for sale | $259,900$146/sqft |
Source: Todd Realty #26008 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,236 +5.7% | $465,700 +12.8% |
| 2024 | $2,115 -43.9% | $412,800 +4.2% |
| 2023 | $3,769 +15% | $396,100 +6.3% |
| 2022 | $3,276 +22.7% | $372,500 +18.9% |
| 2021 | $2,670 +1.6% | $313,300 +17.3% |
| 2020 | $2,629 +16.5% | $267,100 |
| 2019 | $2,257 +1.7% | $267,100 +6.5% |
| 2018 | $2,218 +16.9% | $250,700 +3.9% |
| 2017 | $1,898 -5.1% | $241,300 +1.2% |
| 2016 | $2,000 +1.1% | $238,400 +5.7% |
| 2014 | $1,977 -7.2% | $225,500 |
| 2013 | $2,130 +19.2% | $225,500 +0.6% |
| 2012 | $1,787 +1.1% | $224,200 -7.4% |
| 2011 | $1,768 -17.1% | $242,100 -6.1% |
| 2010 | $2,133 +17.5% | $257,800 |
| 2009 | $1,815 +97.5% | $257,800 -1.2% |
| 2007 | $919 | $261,000 |
| 2006 | -- | $261,000 +48.4% |
| 2005 | -- | $175,900 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 46538
Nearby schools
Schools provided by the listing agent
- Elementary: North Webster
- Middle: Wawasee
- High: Wawasee
- District: Wawasee
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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