Rare Lakefront Opportunity on Sought-After Lake Tippecanoe! Don’t miss this unique chance to own not just one, but two charming lake cottages nestled on a beautifully level lakefront property at the highly desirable Lake Tippecanoe — a 786-acre all-sport lake perfect for boating, fishing, and water sports. Known for its vibrant community and unforgettable Independence Day fireworks show, Lake Tippecanoe offers the ultimate blend of recreation and relaxation. Whether you're looking to create cherished family memories or entertain guests all summer long, this property is ready to make it happen. Each cottage features its own living area, dining space, and full kitchen, along with multiple bedrooms and entertainment areas to accommodate friends and family. Step outside to enjoy the spacious lakeside patio — ideal for cookouts, sunset views, and lakeside lounging. This is more than just a lake property — it’s a lifestyle. Come tour this rare double-cottage lakefront retreat today, and make Lake Tippecanoe your new favorite getaway!
Closed
$550,000
387 Ems T26 Ln, Leesburg, IN 46538
6beds
1,794sqft
Single Family Residence
Built in 1938
5,662 Square Feet Lot
$577,100 Zestimate®
$--/sqft
$2,330 Estimated rent
Home value
$577,100
$496,000 - $669,000
$2,330/mo
Zestimate® history
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List your homeWhat's special
Beautifully level lakefront propertyEntertainment areasMultiple bedroomsCharming lake cottagesSpacious lakeside patio
Zillow last checked:
Listing updated:
Listed by:
Brian Peterson 574-268-1899,
Brian Peterson Real Estate
Bought with:
Julie Hall, RB14039199
Patton Hall Real Estate
Source: IRMLS,MLS#: 202523803
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 2
Bedroom 1
- Level: Main
Bedroom 2
- Level: Main
Kitchen
- Level: Main
- Area: 110
- Dimensions: 11 x 10
Living room
- Level: Main
- Area: 228
- Dimensions: 12 x 19
Heating
- Natural Gas, Forced Air
Cooling
- None
Appliances
- Included: Range/Oven Hook Up Elec, Range/Oven Hook Up Gas, Refrigerator, Electric Range, Gas Range
Features
- Open Floorplan
- Flooring: Carpet, Vinyl, Other
- Basement: Crawl Space
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,794
- Total interior livable area: 1,794 sqft
- Finished area above ground: 1,794
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel
- Has uncovered spaces: Yes
Features
- Levels: One and One Half
- Stories: 1.5
- Patio & porch: Patio
- Fencing: None
- On waterfront: Yes
- Waterfront features: Lake Front, Access to Ski Lake, Lake
- Body of water: Tippecanoe Lake
- Frontage length: Channel/Canal Frontage(0),Water Frontage(33)
Lot
- Size: 5,662 Square Feet
- Dimensions: 33X132x5x33
- Features: Level, Lake
Details
- Parcel number: 430712300263.000016
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin/Cottage
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Asphalt,Shingle
Condition
- New construction: No
- Year built: 1938
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Subdivision: Cripple Gate Heights
Location
- Region: Leesburg
Financial & listing details
- Tax assessed value: $375,400
- Annual tax amount: $4,177
- Date on market: 6/20/2025
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 8/8/2025 | Sold | $550,000-8.3% |
Source:  IRMLS #202523803 Report a problem | ||
| 8/1/2025 | Pending sale | $599,900 |
Source: IRMLS #202523803 Report a problem | ||
| 6/20/2025 | Listed for sale | $599,900 |
Source: IRMLS #202523803 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,177 +8.6% | $375,400 +5% |
| 2024 | $3,845 +8.8% | $357,500 +10.2% |
| 2023 | $3,535 +14.5% | $324,500 +7.2% |
| 2022 | $3,087 -1.1% | $302,800 +16.3% |
| 2021 | $3,123 +4.6% | $260,400 +1.2% |
| 2020 | $2,985 +3% | $257,400 +1.3% |
| 2019 | $2,899 +6.6% | $254,200 +2.7% |
| 2018 | $2,719 -8.4% | $247,600 +1.1% |
| 2017 | $2,970 +1.6% | $245,000 -0.1% |
| 2016 | $2,922 +7.1% | $245,200 +0.5% |
| 2014 | $2,729 -0.6% | $244,000 +1% |
| 2013 | $2,745 -2.5% | $241,500 -0.3% |
| 2012 | $2,815 +12.7% | $242,300 +6.3% |
| 2009 | $2,499 +21.6% | $228,000 +13.9% |
| 2007 | $2,055 | $200,100 |
| 2006 | -- | $200,100 |
Find assessor info on the county website
Neighborhood: 46538
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Nearby schools
GreatSchools rating
- 6/10Leesburg Elementary SchoolGrades: PK-6Distance: 3.3 mi
- 8/10Lakeview Middle SchoolGrades: 7-8Distance: 7.3 mi
- 9/10Warsaw Community High SchoolGrades: 9-12Distance: 8.5 mi
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.
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- Indiana
- Kosciusko County
- Leesburg
- 46538
- 387 Ems T26 Ln
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