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  • $1,330,000

    2140 S 500 E, Lagrange, IN 46761

    2beds
    1,120sqft
    : 
    $7,834/mo
    Get pre-qualified
    Single Family Residence
    Built in 1983
    40 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Prime lake frontageSerene waterfrontNatural beautyWalkout basementRolling farmlandExtensive road accessConnection to fish lake
    A truly exceptional property in LaGrange County two parcels totaling 40 acres with an impressive 1,200 feet of lakefront on beautiful Royer Lake and over 3,000 feet of combined road frontage (more than 2,000 feet on one side and 1,000 feet on the other). This property offers a rare blend of rolling farmland, mature trees and serene waterfront, making it an ideal setting for recreation, investment, or development. Currently zoned Agricultural and under cultivation, it provides both income potential and flexibility for future use. Included on the property is a 1,120 sq. ft. home featuring 2 bedrooms, 1 bath, on a walkout basement already plumbed for second bathroom. The home is positioned to take in the quiet, rural surroundings and offers an excellent opportunity for guest quarters, or a temporary residence while you plan your dream build. Royer Lake is a peaceful, non-ski lake known for its great fishing and connection to Fish Lake, offering the best of quiet lake living with expansive land to roam. With its combination of prime lake frontage, extensive road access, and natural beauty, this is truly a once-in-a-lifetime opportunity in northern Indiana. Whether you’re looking for a private retreat, working farm, or investment property, this one checks every box. Call today to schedule a private tour.
    37 days
    305
    7

    Zillow last checked:

    Listing updated:

    Listed by:

    Marlynn Mast marlynnmast@gmail.com,

    Keller Williams Realty Group

    Source: IRMLS,MLS#: 202630213MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bedrooms: 2
      Bedroom 1
      • Level: Main
      Bedroom 2
      • Level: Main
      Heating
      • Forced Air
      Cooling
      • Central Air
      Features
      • Eat-in Kitchen
      • Basement: Full,Walk-Out Access,Unfinished,Concrete
      • Has fireplace: No
      Interior area
      • Total structure area: 2,240
      • Total interior livable area: 1,120 sqft
      • Finished area above ground: 1,120
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Features
      • Levels: One
      • Stories: 1
      • Has view: Yes
      • View description: Water
      • Has water view: Yes
      • Water view: Water
      • Waterfront features: Waterfront, Lake, Lake Front, Non Ski Lake
      • Body of water: Royer Lake
      • Frontage length: Channel/Canal Frontage(0),Water Frontage(1200)
      Lot
      • Size: 40 Acres
      • Dimensions: 2065x1015
      • Features: Few Trees, Rolling Slope, 15+, Rural
      Details
      • Additional parcels included: 4410-02-200-022.000-010
      • Parcel number: 441002200004.000010

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Vinyl Siding
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 1983

      Utilities & green energy

      • Electric: REMC
      • Sewer: Septic Tank
      • Water: Well

      Community & HOA

      Community
      • Subdivision: None
      Location
      • Region: Lagrange

      Financial & listing details

      • Tax assessed value: $177,400
      • Annual tax amount: $1,776
      • Date on market: 7/27/2026
      • Listing terms: Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,287/mo

        Price history

        DateEventPrice
        7/27/2026Listed for sale$1,330,000-32.8%
        Source: IRMLS #202630213 Report a problem
        4/29/2026Listing removed$1,980,000
        Source: IRMLS #202543956 Report a problem
        3/16/2026Price change$1,980,000-17.5%
        Source: IRMLS #202543954 Report a problem
        10/29/2025Listed for sale$2,400,000
        Source: IRMLS #202543954 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,414 +4.2%$177,400 +4.4%
        2024$1,358 +0.7%$169,900 +5.9%
        2023$1,348 +21.8%$160,400 +8.5%
        2022$1,107 -1.1%$147,900 +18.3%
        2021$1,119 +0.1%$125,000 +9.4%
        2020$1,119 -7.1%$114,300 +3%
        2019$1,204 +6.8%$111,000 -1.2%
        2018$1,128 +4.5%$112,400 +5%
        2017$1,079 +5.2%$107,000 +2.6%
        2016$1,026 +2.6%$104,300 +5.7%
        2014$1,000 +193.3%$98,700 +5.3%
        2013$341 +1.8%$93,700 +0.3%
        2012$335 -5.5%$93,400 -3.3%
        2011$354 -4.1%$96,600 -4.8%
        2009$370 -32.3%$101,500 -5.1%
        2006$545 $106,900 +28.2%
        2005-- $83,400
        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.
        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.
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        Climate risks

        Neighborhood: 46761

        Getting around

        0 / 100
        Car-Dependent
        45 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Lakeland Primary
        • Middle: Lakeland Intermediate
        • High: Lakeland Jr/Sr
        • District: Lakeland School Corp

        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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