Welcome to your lakefront retreat at 231 EMS B40A Lane, Leesburg, Indiana!
This charming 3-bedroom, 2-bath single-story home sits directly on Irish Lake, part of the desirable Barbie Chain of Lakes. With 1,534 sq. ft., 75 feet of prime lake frontage, and a spacious 75' x 167' lot (two parcels), this property offers the perfect setting for boating, fishing, swimming, and unforgettable waterfront living.
Recent updates and efficiency features include:
Geothermal heating and cooling system — highly efficient with an average monthly utility bill of just $195.
New roof shingles and gutter guards (2019)
New 72" Anderson windows in the bedrooms (2019)
Full primary bathroom remodel (2025) featuring a luxurious walk-in shower with beautiful jade tile, accent pebble mosaic floors, rain showerhead, handheld sprayer, and built-in niches. It also includes an elegant dark wood vanity with white solid surface countertop, modern fixtures, a new high-end toilet, and plush finishes.
Fully encapsulated crawl space installed in 2025 with 20-mil membrane, sump pump, and dehumidifier — dry and clean year-round.
The bright open-concept living and dining area offers gorgeous lake views and flows effortlessly for entertaining.
Outside, enjoy the lawn leading to your private dock and a stunning stone fire pit patio — the perfect spot for evening gatherings, roasting marshmallows, and relaxing by the water.
Additional highlights:
Finished detached garage/man cave at the back of the property, complete with cabinets, solid surface countertop, 50" LG TV, shiplap ceiling, and hardwood plank walls.
Perfect for entertaining, game days, or relaxing with friends by the grill.
Not located in a flood plain — no flood insurance required.
This move-in-ready lake home is ideal as a year-round residence, weekend getaway, or vacation rental.
We will consider turn-key offers.
Buyer Agents Welcome.
Don’t miss this rare opportunity to own a well-maintained waterfront property on Irish Lake. Schedule your private showing today and start making memories on the water!
Pending
$749,000
231 Ems B40a Ln, Leesburg, IN 46538
3beds
1,534sqft
SingleFamily
Built in 1974
0.29 Acres Lot
$-- Zestimate®
$488/sqft
$-- HOA
What's special
Lakefront retreat
- 82 days
- 84
- 2
Listed by:
Property Owner (574) 457-9111
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric, Geothermal
Cooling
- Geothermal
Appliances
- Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Tile, Laminate
- Basement: None
- Has fireplace: No
Interior area
- Total interior livable area: 1,534 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached, Garage - Detached
Features
- Exterior features: Wood
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
Lot
- Size: 0.29 Acres
Details
- Parcel number: 430820200174000023
Construction
Type & style
- Home type: SingleFamily
Materials
- Frame
- Foundation: Crawl/Raised
- Roof: Other
Condition
- New construction: No
- Year built: 1974
Community & HOA
Location
- Region: Leesburg
Financial & listing details
- Price per square foot: $488/sqft
- Tax assessed value: $612,800
- Annual tax amount: $2,882
- Date on market: 6/12/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,791/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/8/2026 | Pending sale | $749,000$488/sqft |
Source: Owner Report a problem | ||
| 6/12/2026 | Listed for sale | $749,000+123.6%$488/sqft |
Source: Owner Report a problem | ||
| 11/12/2014 | Sold | --0 |
Source: Agent Provided Report a problem | ||
| 6/21/2014 | Price change | $335,000-2%$218/sqft |
Source: Coldwell Banker Roth Wehrly Graber #681431 Report a problem | ||
| 10/5/2013 | Listed for sale | $342,000$223/sqft |
Source: Coldwell Banker Roth Wehrly Graber #9004300 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,882 +11.5% | $612,800 +18.3% |
| 2024 | $2,584 +7.9% | $518,200 +8.9% |
| 2023 | $2,395 +15.7% | $475,800 +15% |
| 2022 | $2,070 +17.9% | $413,800 +16.9% |
| 2021 | $1,755 +6.3% | $354,100 +10.8% |
| 2020 | $1,651 +15.6% | $319,700 +3.9% |
| 2019 | $1,428 +0.7% | $307,600 +4.7% |
| 2018 | $1,418 +20.1% | $293,700 +2.3% |
| 2017 | $1,181 -5.3% | $287,000 +3.3% |
| 2016 | $1,247 -0.6% | $277,800 +2.9% |
| 2014 | $1,256 -4.2% | $269,900 +2.6% |
| 2013 | $1,310 +13.8% | $263,000 -3.2% |
| 2012 | $1,151 +9.9% | $271,700 +0.5% |
| 2011 | $1,047 -11.7% | $270,300 |
| 2010 | $1,187 +29.1% | $270,300 +4.8% |
| 2009 | $919 -48.7% | $257,800 +3% |
| 2007 | $1,792 | $250,300 |
| 2006 | -- | $250,300 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 46538
Nearby schools
Schools provided by the listing agent
- Elementary: North Webster
- Middle: Wawasee
- High: Wawasee
- District: Wawasee Community Schools
Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






