Active

Price cut: $39K (8/6)

$449,900

5174 E Highland Cove Ct, Monticello, IN 47960

4beds

3,320sqft

$2,701/mo

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Single Family Residence

Built in 1986

0.35 Acres Lot

$442,300 Zestimate^®

$--/sqft

$13/mo HOA

What's special

Multiple bedroomsScreened in patio

Welcome to lake life in Monticello! This 4-bed, 3-bath home on Lake Shafer offers over 3,200 sq ft of space designed for gathering, relaxing, and making memories. Open living areas flow easily for game nights, holidays, and summer get-togethers, while multiple bedrooms give everyone room to unwind. Spend your days on the water and evenings in the screened in patio, then head out for rides, arcades, and family fun just a walk away at Indiana Beach. The neighboring home is also available, and the owner is open to an attractive package deal—though each property may be purchased separately. Whether you’re hosting the whole crew or enjoying quiet lake mornings, this is your front-row seat to lakefront fun!

190 days
312
14

Facts & features

Interior

Bedrooms & bathrooms

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

Bedroom 1

Level: Basement

Bedroom 2

Level: Main

Dining room

Level: Main
Area: 130
Dimensions: 10 x 13

Family room

Level: Basement
Area: 285
Dimensions: 15 x 19

Kitchen

Level: Main
Area: 108
Dimensions: 9 x 12

Living room

Level: Main
Area: 273
Dimensions: 13 x 21

Office

Level: Basement
Area: 357
Dimensions: 17 x 21

Heating

Natural Gas, Forced Air

Cooling

Central Air

Features

Basement: Walk-Out Access,Finished,Concrete
Number of fireplaces: 1
Fireplace features: None

Interior area

Total structure area: 3,320
Total interior livable area: 3,320 sqft
Finished area above ground: 3,320
Finished area below ground: 0

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 2
Parking features: Attached
Attached garage spaces: 2

Features

Levels: Two
Stories: 2
Has view: Yes
On waterfront: Yes
Waterfront features: Waterfront, Bayfront, Ski Lake, Lake
Body of water: Lake Shafer
Frontage length: Channel/Canal Frontage(0),Water Frontage(90)

Lot

Size: 0.35 Acres
Dimensions: 91X169

Details

Parcel number: 917316000016.200020

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Brick

Condition

New construction: No
Year built: 1986

Utilities & green energy

Sewer: Regional
Water: Well

Community & HOA

Community

Subdivision: None

HOA

Has HOA: Yes
HOA fee: $155 annually

Location

Region: Monticello

Financial & listing details

Tax assessed value: $409,000
Annual tax amount: $4,634
Date on market: 2/20/2026

Estimated market value

$442,300

$420,000 - $464,000

$2,273/mo

Price history

Date	Event	Price
8/6/2026	Price change	$449,900-8%
Source: IRMLS #202605419 Report a problem
5/22/2026	Price change	$488,900-2%
Source: IRMLS #202605419 Report a problem
5/6/2026	Price change	$498,900-0.2%
Source: IRMLS #202605419 Report a problem
3/30/2026	Price change	$499,900-9.1%
Source: IRMLS #202605419 Report a problem
2/20/2026	Listed for sale	$549,900+96.5%
Source: IRMLS #202605419 Report a problem
9/9/2018	Listing removed	$279,900$84/sqft
Source: REAL ESTATE NETWORK L.L.C #201818005 Report a problem
5/3/2018	Listed for sale	$279,900$84/sqft
Source: REAL ESTATE NETWORK L.L.C #201818005 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,635 +15.8%	$409,000 +7.3%
2024	$4,002 +6.1%	$381,100 +9.7%
2023	$3,773 +17.4%	$347,400 +6.9%
2022	$3,214 -13.6%	$325,000 +20.1%
2021	$3,720 +4.2%	$270,500 -12.7%
2020	$3,571 +30.6%	$309,800
2019	$2,735 +10.9%	$309,800 +28.8%
2018	$2,466	$240,600 +3.9%
2017	$2,466 +10%	$231,500 +8.4%
2016	$2,242	$213,600 -1.1%
2014	$2,242 -0.5%	$216,000 +0.8%
2013	$2,254 -1.2%	$214,300 +0.4%
2012	$2,281 -8.1%	$213,500 -9.2%
2011	$2,482 -26.5%	$235,100 -14.9%
2010	$3,376 +4.1%	$276,200
2009	$3,242	$276,200