Active

Price cut: $5K (8/18)

$234,900

250 Forty Lane Lake Pleasant, Orland, IN 46776

4beds

1,185sqft

$1,491/mo

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Single Family Residence

Built in 1961

0.25 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Pole barnFantastic all-sports lakeAll-sports lakeBeloved family-friendly sandbar nearby

4 Bed | 2 Bath | Dock | Pole Barn | All-Sports Lake This unique lakeside property offers incredible flexibility at an unbeatable price. The main level features 3 bedrooms and a full bath, while the basement includes a 1-bed, 1-bath suite with its own private entrance and no interior connection to the main floor. Unconventional? Yes — but that's the charm. Rent the main level while keeping the basement as your own private lake retreat. Two docks on the channel put you on a fantastic all-sports lake with a beloved family-friendly sandbar nearby. A pole barn gives you all the storage you need for boats, jet skis, and water toys — plus you're sitting on over a third of an acre, a rare find for lake property. Full-time home, weekend escape, or rental opportunity — this one checks the boxes.

83 days
1,114
58

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2
Main level bedrooms: 3

Bedroom 1

Level: Main

Bedroom 2

Level: Main

Family room

Level: Main
Area: 132
Dimensions: 12 x 11

Kitchen

Level: Main
Area: 105
Dimensions: 15 x 7

Living room

Level: Main
Area: 195
Dimensions: 15 x 13

Heating

Natural Gas

Cooling

Central Air

Features

Basement: Partial,Concrete
Has fireplace: No

Interior area

Total structure area: 1,622
Total interior livable area: 1,185 sqft
Finished area above ground: 985
Finished area below ground: 200

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 2
Parking features: Detached
Garage spaces: 2

Features

Levels: One
Stories: 1
On waterfront: Yes
Waterfront features: Lake, Walk to Lake Access, Canal Front, Ski Lake
Body of water: Lake Pleasant
Frontage length: Channel/Canal Frontage(17),Water Frontage(17)

Lot

Size: 0.25 Acres
Features: Lake

Details

Additional parcels included: 760413230602000007, 760413230837000007
Parcel number: 760413230836.000007

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Vinyl Siding

Condition

New construction: No
Year built: 1961

Utilities & green energy

Sewer: Public Sewer
Water: Well

Community & HOA

Community

Subdivision: None

Location

Region: Orland

Financial & listing details

Tax assessed value: $121,000
Annual tax amount: $1,150
Date on market: 6/19/2026
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$1,517/mo

Price history

Date	Event	Price
8/18/2026	Price change	$234,900-2.1%
Source: IRMLS #202624210 Report a problem
6/19/2026	Listed for sale	$239,900+1026.8%
Source: IRMLS #202624210 Report a problem
1/24/2013	Sold	$21,290$18/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,033 +4.6%	$121,000 +7.5%
2024	$987 -3.5%	$112,600 +3.8%
2023	$1,022 +48.4%	$108,500 +0.6%
2022	$689 +5.5%	$107,800 +54.7%
2021	$653 +3%	$69,700 +9.6%
2020	$634 +15.8%	$63,600 +3.2%
2019	$548 +17.8%	$61,600 +17.1%
2018	$465 +3.3%	$52,600 -3.5%
2017	$450 -0.3%	$54,500 +1.9%
2016	$451 -1.5%	$53,500 -0.4%
2014	$458 +3.8%	$53,700 -0.7%
2013	$441 -1.2%	$54,100 +3.8%
2012	$446 +4.9%	$52,100 +1%
2011	$426	$51,600
2010	--	$51,600 -0.2%
2009	--	$51,700 -19.3%
2007	$122 -56.8%	$64,100
2006	$283	$64,100