Open House Labor Day Weekend! Sunday Sept 6th 1pm-3pm. Experience lake living at its finest on beautiful Lake Tippecanoe, Indiana's deepest natural lake and one of the area's most sought-after destinations for boating, water sports, and fishing. Nestled on a unique low-traffic channel just moments from the main lake, this property offers the perfect blend of peaceful waterfront living and easy access to all that Lake Tippy has to offer. With no through traffic, the channel provides an ideal setting for swimming, floating, fishing, kayaking, and relaxing by the water. The channel is professionally treated six times per year, helping maintain clean, enjoyable water conditions. This completely renovated waterfront home has been thoughtfully updated from top to bottom. Major improvements include a new roof, well, HVAC system, electrical, windows, and doors, along with a reconfigured floor plan that includes an additional bathroom. Inside, luxury vinyl plank flooring flows throughout, creating a modern, low-maintenance living space where virtually everything is new. Outdoor living is a highlight of this property. The expansive 40' x 14' covered lakeside porch provides the perfect setting for dining, entertaining, or simply enjoying waterfront views. A 10' x 12' patio at the water's edge offers another inviting space to gather and unwind. The level lot provides easy access to the water without requiring flood insurance. With a number of mature trees, you get sun when you want it and shade when you need it. Boating enthusiasts will appreciate the two-section pier and boat lift. A detached 2-car garage offers electric service and an existing gas line for future heater installation, making it a versatile space for vehicles, storage, and lake toys year-round Enjoy access to the private Bell Rohr community park featuring tennis, basketball, and pickleball courts, with a playground area coming in 2027. Whether you're searching for a year-round residence or the perfect lake retreat, this move-in-ready home delivers the ideal combination of modern updates, peaceful waterfront living, and access to one of Indiana's premier natural lakes.
Active
Price cut: $30K (7/23)
$698,000
21 Ems T31 Ln, Leesburg, IN 46538
2beds
1,040sqft
Single Family Residence
Built in 1954
10,454 Square Feet Lot
$670,000 Zestimate®
$--/sqft
$8/mo HOA
What's special
Modern updatesAdditional bathroomReconfigured floor planCompletely renovated waterfront homeNew roof
- 76 days
- 858
- 13
Zillow last checked:
Listing updated:
Listed by:
Savannah J Beer Cell:219-682-8348,
Patton Hall Real Estate,
Austin Beer,
Patton Hall Real Estate
Source: IRMLS,MLS#: 202623843
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: Main
- Area: 136
- Dimensions: 17 x 8
Family room
- Area: 0
- Dimensions: 0 x 0
Kitchen
- Level: Main
- Area: 126
- Dimensions: 9 x 14
Living room
- Level: Main
- Area: 221
- Dimensions: 13 x 17
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Microwave, Refrigerator, Electric Oven
- Laundry: Main Level
Features
- Stone Counters, Open Floorplan
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,040
- Total interior livable area: 1,040 sqft
- Finished area above ground: 1,040
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
- Exterior features: Tennis Court(s)
- Has view: Yes
- On waterfront: Yes
- Waterfront features: Waterfront-Level Bank, Deck on Waterfront, Canal Front, Ski Lake, Lake
- Body of water: Tippecanoe Lake
- Frontage length: Channel/Canal Frontage(50),Water Frontage(50)
Lot
- Size: 10,454 Square Feet
- Dimensions: 50X212
- Features: Lake, Landscaped
Details
- Parcel number: 430712400129.000016
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1954
Utilities & green energy
- Sewer: Regional
- Water: Well
Community & HOA
Community
- Features: Playground, Tennis Court(s)
- Subdivision: Bellrohr Park
HOA
- Has HOA: Yes
- HOA fee: $100 annually
Location
- Region: Leesburg
Financial & listing details
- Tax assessed value: $320,500
- Annual tax amount: $3,404
- Date on market: 6/17/2026
Estimated market value
$670,000
$637,000 - $704,000
$1,406/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/23/2026 | Price change | $698,000-4.1% |
Source: | ||
| 6/17/2026 | Listed for sale | $728,000-4% |
Source: | ||
| 6/14/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 6/1/2026 | Listed for sale | $758,000+186.1%$729/sqft |
Source: Owner Report a problem | ||
| 10/24/2016 | Listing removed | $264,900$255/sqft |
Source: CENTURY 21 Affiliated #201640900 Report a problem | ||
| 9/7/2016 | Pending sale | $264,900$255/sqft |
Source: CENTURY 21 Affiliated #201640900 Report a problem | ||
| 9/1/2016 | Listed for sale | $264,900$255/sqft |
Source: Century 21 Affiliated Elkhart #201640900 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,300 +2.6% | $320,500 +13.5% |
| 2024 | $3,217 +8.3% | $282,400 +4% |
| 2023 | $2,970 +17.8% | $271,500 +6.7% |
| 2022 | $2,520 +20.9% | $254,400 +19.7% |
| 2021 | $2,084 +3.3% | $212,600 +23.7% |
| 2020 | $2,017 +6.8% | $171,800 |
| 2019 | $1,889 +9.3% | $171,800 +6.5% |
| 2018 | $1,728 +7.8% | $161,300 +3.6% |
| 2017 | $1,602 +2.8% | $155,700 +15.1% |
| 2016 | $1,559 +9.9% | $135,300 +4.2% |
| 2014 | $1,419 -1.6% | $129,900 |
| 2013 | $1,442 -4.1% | $129,900 +0.4% |
| 2012 | $1,504 -9.9% | $129,400 -18.2% |
| 2011 | $1,669 -9.5% | $158,200 -5.9% |
| 2010 | $1,845 +0.1% | $168,200 |
| 2009 | $1,843 +14% | $168,200 +6.9% |
| 2007 | $1,617 | $157,400 |
| 2006 | -- | $157,400 +24.1% |
| 2005 | -- | $126,800 |
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: Leesburg
- Middle: Lakeview
- High: Warsaw
- District: Warsaw Community
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





