Timeless elegance meets an extraordinary Lake Tippecanoe setting, where 685'+ of shoreline wraps around this remarkable peninsula property, creating panoramic water views from nearly every room. Located in Old Mill Place, this impressive 5,293 sq ft home offers 4 bedrooms, 4.5 baths, a 4-car climate-controlled garage and beautifully landscaped grounds designed to take full advantage of its remarkable waterfront. Inside, dramatic architecture and timeless details immediately set the home apart. The two-story living room showcases a soaring wood cathedral ceiling, walls of windows overlooking Lake Tippecanoe and a floor-to-ceiling Castle Rock wall with wood-burning fireplace. An upper-level overlook keeps the lake in view from both levels, while extensive custom millwork, architectural details and distinctive finishes give the home its unmistakable character. The kitchen offers custom cabinetry, granite countertops, a large center island, Sub-Zero & JennAir appliances and its own wood-burning fireplace. An adjoining dining area provides another beautiful gathering space surrounded by lake views. Made for entertaining, the custom bar room is a showpiece with exceptional woodworking, built-in bar, beverage/wine cooler, pool table and marble flooring with hot-water radiant heat. The main-level primary suite is its own private retreat with lake views, a vaulted domed ceiling with painted skyscape, dual walk-in closets and an expansive marble bath with dual vanities, soaking tub and separate tiled shower. A main-level office, laundry and additional full bath add convenience. Upstairs, guests have exceptional space of their own, including 3 additional bedrooms, baths and a distinctive cabin-inspired suite with log walls, living area, kitchenette, stone fireplace and full bath. The full basement provides substantial storage, half bath, second laundry area and additional possibilities. Outside, the peninsula setting takes center stage with 685'+ of shoreline, Castle Rock retaining walls, beautifully maintained landscaping and a waterfront gazebo overlooking Lake Tippecanoe. The 4-car garage is climate controlled with epoxy floors and hot-water radiant heat, while geothermal systems, a whole-house generator and numerous recent improvements add to the home's extensive list of features. Timeless elegance, exceptional craftsmanship and an incredible amount of shoreline come together in a Lake Tippecanoe property that simply cannot be duplicated.
Active
$3,600,000
3 Ems T34d2 Ln, Leesburg, IN 46538
4beds
5,293sqft
Single Family Residence
Built in 1995
0.47 Acres Lot
$3,369,800 Zestimate®
$--/sqft
$33/mo HOA
What's special
Beautifully landscaped groundsPool tableArchitectural detailsTimeless detailsDistinctive finishesExtensive custom millworkGranite countertops
- 27 days
- 2,055
- 126
Zillow last checked:
Listing updated:
Listed by:
Angela Racolta Cell:317-750-1600,
Encore Sotheby's International Realty,
Haley Zachary,
Encore Sotheby's International Realty
Source: IRMLS,MLS#: 202639614
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 6
- Full bathrooms: 4
- 1/2 bathrooms: 2
- Main level bedrooms: 1
Bedroom 1
- Level: Main
Bedroom 2
- Level: Upper
Dining room
- Level: Main
- Area: 240
- Dimensions: 15 x 16
Kitchen
- Level: Main
- Area: 209
- Dimensions: 19 x 11
Living room
- Level: Main
- Area: 598
- Dimensions: 26 x 23
Office
- Level: Main
- Area: 182
- Dimensions: 14 x 13
Heating
- Geothermal
Cooling
- Geothermal
Appliances
- Included: Disposal, Dishwasher, Microwave, Refrigerator, Washer, Electric Cooktop, Dryer-Gas, Oven-Built-In, Gas Water Heater, Water Softener Owned
- Laundry: Gas Dryer Hookup, Sink, Main Level
Features
- 1st Bdrm En Suite, Bar, Breakfast Bar, Bookcases, Built-in Desk, Ceiling-9+, Cathedral Ceiling(s), Ceiling Fan(s), Vaulted Ceiling(s), Central Vacuum, Walk-In Closet(s), Stone Counters, Crown Molding, Eat-in Kitchen, Entrance Foyer, Guest Quarters, Kitchen Island, Open Floorplan, Split Br Floor Plan, Double Vanity, Wet Bar, Kitchenette, Stand Up Shower, Tub and Separate Shower, Main Level Bedroom Suite, Formal Dining Room
- Windows: Skylight(s), Window Treatments
- Basement: Crawl Space,Full,Unfinished,Concrete
- Number of fireplaces: 5
- Fireplace features: Kitchen, Living Room, 1st Bdrm, 2nd Bdrm, 4th Bdrm, Gas Log, Gas Starter
Interior area
- Total structure area: 8,841
- Total interior livable area: 5,293 sqft
- Finished area above ground: 5,293
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Attached, Garage Door Opener, Heated Garage
- Attached garage spaces: 4
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio, Screened
- Exterior features: Fire Pit
- Fencing: None
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Waterfront, Waterfront-Level Bank, Lake Front, Ski Lake, Lake
- Body of water: Tippecanoe Lake
- Frontage length: Channel/Canal Frontage(0),Water Frontage(685)
Lot
- Size: 0.47 Acres
- Dimensions: 357x57
- Features: Landscaped
Details
- Additional structures: Gazebo
- Parcel number: 430701300191.000016
- Other equipment: Intercom
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick
Condition
- New construction: No
- Year built: 1995
Utilities & green energy
- Sewer: Regional
- Water: Well
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Old Mill Place
HOA
- Has HOA: Yes
- HOA fee: $400 annually
Location
- Region: Leesburg
Financial & listing details
- Tax assessed value: $2,142,300
- Annual tax amount: $13,898
- Date on market: 9/24/2026
Estimated market value
$3,369,800
$3.20M - $3.54M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/24/2026 | Listed for sale | $3,600,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,915 +14.7% | $2,142,300 +9.8% |
| 2024 | $13,000 +3.1% | $1,950,900 +7.9% |
| 2023 | $12,610 +24.7% | $1,807,400 +9.3% |
| 2022 | $10,108 -1.5% | $1,654,000 +23.2% |
| 2021 | $10,261 +6% | $1,342,100 +0.9% |
| 2020 | $9,680 +3.6% | $1,330,300 +2.5% |
| 2019 | $9,346 +7.7% | $1,298,100 +2.9% |
| 2018 | $8,678 -6.1% | $1,261,400 +2.2% |
| 2017 | $9,244 +1.3% | $1,234,800 +2.2% |
| 2016 | $9,129 +6.2% | $1,208,400 -1% |
| 2014 | $8,597 +0.7% | $1,220,000 +2.2% |
| 2013 | $8,538 0% | $1,193,900 -0.2% |
| 2012 | $8,539 +7.4% | $1,196,500 -1.9% |
| 2011 | $7,951 -3.8% | $1,219,700 |
| 2010 | $8,266 +1% | $1,219,700 -1.8% |
| 2009 | $8,185 -0.2% | $1,242,200 -8.1% |
| 2007 | $8,200 | $1,351,600 |
| 2006 | -- | $1,351,600 |
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.Climate risks
Neighborhood: 46538
Nearby schools
Schools provided by the listing agent
- Elementary: Leesburg
- Middle: Lakeview
- High: Warsaw
- District: Warsaw Community
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





