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Pending
  • $749,000

    231 Ems B40a Ln, Leesburg, IN 46538

    3beds
    1,534sqft
    : 
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    SingleFamily
    Built in 1974
    0.29 Acres Lot
    $-- Zestimate®
    $488/sqft
    $-- HOA

    What's special

    Lakefront retreat
    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!
    30 days
    |
    1,947
    |
    78
    |
    Listed by:

    Property Owner (574) 457-9111

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      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

        $1,825/mo

        Price history

        DateEventPrice
        7/8/2026Pending sale$749,000$488/sqft
        Source: Owner Report a problem
        6/12/2026Listed for sale$749,000+123.6%$488/sqft
        Source: Owner Report a problem
        11/12/2014Sold--0
        Source: Agent Provided Report a problem
        6/21/2014Price change$335,000-2%$218/sqft
        Source: Coldwell Banker Roth Wehrly Graber #681431 Report a problem
        10/5/2013Listed for sale$342,000$223/sqft
        Source: Coldwell Banker Roth Wehrly Graber #9004300 Report a problem

        Public tax history

        YearProperty taxesTax 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

        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.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 46538

        Getting around

        0 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

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