Enjoy year-round lake living on beautiful Palestine Lake with 60 feet of frontage, a concrete seawall, and included pier. This updated 2-bedroom, 1.5-bath cottage features a bright, open living room with vaulted ceilings, a cozy wood-burning stove, and stunning lake views. The remodeled kitchen offers updated cabinetry, countertops, and flooring, while the loft-style primary bedroom includes a half bath and walk-in closet. Recent improvements include newer siding, replacement windows, a metal roof, rebuilt lakeside deck, retaining wall, and paver walkway. Whether you're looking for a full-time residence, weekend getaway, or investment property, this move-in-ready lake home is ready for you to enjoy all that lake life has to offer.
Active under contract
$199,900
4298 S Lakeshore Dr, Mentone, IN 46539
2beds
1,208sqft
Single Family Residence
Built in 1969
5,227 Square Feet Lot
$194,400 Zestimate®
$--/sqft
$-- HOA
What's special
Replacement windowsLoft-style primary bedroomMetal roofStunning lake viewsRebuilt lakeside deckRetaining wallNewer siding
- 12 days |
- 1,246 |
- 89 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Deb Paton Showley Cell:574-527-6022,
Coldwell Banker Real Estate Group,
Nicolette Lewis,
Coldwell Banker Real Estate Group
Source: IRMLS,MLS#: 202627725
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bedrooms: 1
Bedroom 1
- Level: Upper
Bedroom 2
- Level: Main
Dining room
- Level: Main
- Area: 100
- Dimensions: 10 x 10
Family room
- Level: Main
- Area: 130
- Dimensions: 13 x 10
Kitchen
- Level: Main
- Area: 80
- Dimensions: 10 x 8
Living room
- Level: Main
- Area: 204
- Dimensions: 12 x 17
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Refrigerator, Electric Cooktop, Electric Water Heater
Features
- Basement: Crawl Space,Concrete
- Number of fireplaces: 1
- Fireplace features: Family Room, Wood Burning Stove
Interior area
- Total structure area: 1,208
- Total interior livable area: 1,208 sqft
- Finished area above ground: 1,208
- Finished area below ground: 0
Property
Features
- Levels: One and One Half
- Stories: 1.5
- Has view: Yes
- On waterfront: Yes
- Waterfront features: Waterfront, Lake Front, Non Ski Lake, Lake
- Body of water: Palestine Lake
- Frontage length: Channel/Canal Frontage(0),Water Frontage(60)
Lot
- Size: 5,227 Square Feet
- Dimensions: 60x118
Details
- Additional structures: Shed
- Parcel number: 431402400299.000021
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1969
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Subdivision: None
Location
- Region: Mentone
Financial & listing details
- Tax assessed value: $176,100
- Annual tax amount: $1,946
- Date on market: 7/10/2026
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
Estimated market value
$194,400
$185,000 - $204,000
$1,270/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/10/2026 | Listed for sale | $199,900+33.3% |
Source:  IRMLS #202627725 Report a problem | ||
| 11/1/2022 | Listing removed | -- |
Source:  RE/MAX International Report a problem | ||
| 10/12/2022 | Pending sale | $150,000$124/sqft |
Source: RE/MAX International #202242112 Report a problem | ||
| 10/12/2022 | Contingent | $150,000 |
Source: IRMLS #202242112 Report a problem | ||
| 10/10/2022 | Listed for sale | $150,000+100% |
Source: IRMLS #202242112 Report a problem | ||
| 9/8/2016 | Sold | $75,000-6.1%$62/sqft |
Source: Agent Provided Report a problem | ||
| 6/1/2016 | Listed for sale | $79,900+23.5%$66/sqft |
Source: Re/Max Lakes #201624774 Report a problem | ||
| 10/21/2010 | Listing removed | $64,700$54/sqft |
Source: RE/MAX Rainbow #26768 Report a problem | ||
| 6/25/2010 | Listed for sale | $64,700+4.4%$54/sqft |
Source: RE/MAX Rainbow #26768 Report a problem | ||
| 4/24/2000 | Sold | $62,000$51/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,969 +5.5% | $176,100 +8.2% |
| 2024 | $1,866 +48.1% | $162,800 +8.5% |
| 2023 | $1,260 +3.3% | $150,100 +53.6% |
| 2022 | $1,220 +6.3% | $97,700 +10.8% |
| 2021 | $1,147 +8.9% | $88,200 +8.2% |
| 2020 | $1,053 +10% | $81,500 +5% |
| 2019 | $957 +9.6% | $77,600 +9.4% |
| 2018 | $873 +2.6% | $70,900 +3.8% |
| 2017 | $851 +2.3% | $68,300 |
| 2016 | $832 -10.3% | $68,300 -6.1% |
| 2014 | $928 +2.8% | $72,700 +3% |
| 2013 | $902 -15.1% | $70,600 -6.1% |
| 2012 | $1,062 +19.3% | $75,200 +6.2% |
| 2011 | $890 -22.6% | $70,800 -3% |
| 2010 | $1,151 -2.3% | $73,000 -11.7% |
| 2009 | $1,177 +198.9% | $82,700 |
| 2007 | $394 | $82,700 +0.7% |
| 2006 | -- | $82,100 +82.4% |
| 2005 | -- | $45,000 |
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: 46539
Nearby schools
GreatSchools rating
- 6/10Mentone Elementary SchoolGrades: PK-5Distance: 4.7 mi
- 7/10Tippecanoe Valley Middle SchoolGrades: 6-8Distance: 6.5 mi
- 8/10Tippecanoe Valley High SchoolGrades: 9-12Distance: 6.5 mi
Schools provided by the listing agent
- Elementary: Mentone
- Middle: Tippe Valley
- High: Tippe Valley
- District: Tippecanoe Valley
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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