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.
Active
$1,330,000
2140 S 500 E, Lagrange, IN 46761
2beds
1,120sqft
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
- 37 days
- 305
- 7
Zillow last checked:
Listing updated:
Listed by:
Marlynn Mast marlynnmast@gmail.com,
Keller Williams Realty Group
Source: IRMLS,MLS#: 202630213
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
| Date | Event | Price |
|---|---|---|
| 7/27/2026 | Listed for sale | $1,330,000-32.8% |
Source: | ||
| 4/29/2026 | Listing removed | $1,980,000 |
Source: | ||
| 3/16/2026 | Price change | $1,980,000-17.5% |
Source: | ||
| 10/29/2025 | Listed for sale | $2,400,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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
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Neighborhood: 46761
Nearby schools
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.
