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For sale
  • $1,100,000

    8373 Morgans Lane SE, Elizabeth, IN 47117

    2beds
    1,426sqft
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    Farm
    Built in 1972
    34.17 Acres Lot
    $501,500 Zestimate®
    $771/sqft
    $-- HOA

    What's special

    Spacious deckBreathtaking viewsOpen spacesSerene landscapesScenic surroundings
    Discover a unique opportunity to own a gentleman's farm nestled on a stunning 40-acre property in Elizabeth, Indiana. This picturesque estate offers not only breathtaking views and serene landscapes! Property Features: Facilities: 40x40 two-story barn Residential & Storage: Comfortable 40x40 storage barn for equipment and supplies. Spaces: Spacious deck and gazebo 34+ acres mostly tiltable, this property has lots of potential! Was once a thriving winery, this sale does not include any equipment. Discover the possibilities with this unique 34-acre property! Previously operated as a winery, this one-of-a-kind setting offers endless opportunities for your vision. The property features a spacious 40' x 40' barn, a charming gazebo, and a large deck—perfect for entertaining, special events, or simply enjoying the peaceful countryside. With open spaces, scenic surroundings, and room to grow, this versatile property could be ideal for a hobby farm, event venue, vineyard, agritourism venture, or your private retreat. Whether you're looking to invest, expand a business, or create your dream property, this exceptional acreage is ready for its next chapter. Don't miss this rare opportunity to own a property with so much potential!
    7 days
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    Zillow last checked:

    Listing updated:

    Listed by:

    Lori S Short,

    The Short-Bates Realty Group

    Source: SIRA,MLS#: 2026010167MLS LogoOriginating MLS: Southern Indiana REALTORS Association

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Forced Air
      Appliances
      • Laundry: Main Level, Other
      Features
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total structure area: 1,426
      • Total interior livable area: 1,426 sqft
      • Finished area above ground: 1,426
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Barn
      Features
      • Levels: One
      • Stories: 1
      • Exterior features: Landscaping
      • Has view: Yes
      • View description: Scenic
      Lot
      • Size: 34.17 Acres
      • Features: Secluded
      Details
      • Additional structures: Barn(s), Pole Barn, Shed(s)
      • Parcel number: 311521100012000015
      • Zoning: Agri/ Residential
      • Zoning description: Agri/ Residential

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: One Story
      • Property subtype: Farm
      Materials
      • Foundation: See Remarks
      • Roof: Metal
      Condition
      • Resale
      • New construction: No
      • Year built: 1972

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Connected, Public

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Elizabeth

      Financial & listing details

      • Price per square foot: $771/sqft
      • Tax assessed value: $441,900
      • Annual tax amount: $4,000
      • Date on market: 7/15/2026
      • Cumulative days on market: 7 days
      • Listing terms: Cash,Conventional
      • Road surface type: Paved

        Estimated market value

        $501,500

        $381,000 - $627,000

        $1,333/mo

        Price history

        DateEventPrice
        7/15/2026Listed for sale$1,100,000-68.6%$771/sqft
        Source: SIRA #2026010167 Report a problem
        9/29/2025Listing removed$3,499,000$2,454/sqft
        Source: SIRA #202509678 Report a problem
        7/22/2025Listed for sale$3,499,000-10.3%$2,454/sqft
        Source: SIRA #202509678 Report a problem
        7/7/2025Listing removed$3,900,000$2,735/sqft
        Source: SIRA #2024012102 Report a problem
        11/4/2024Listed for sale$3,900,000$2,735/sqft
        Source: SIRA #2024011818 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,826 +1.6%$441,900 +4.5%
        2024$3,765 -8.1%$423,000 +6.9%
        2023$4,095 +11.1%$395,800 -3.8%
        2022$3,687 -11.6%$411,400 +17.9%
        2021$4,172 -3.3%$348,900 -8.4%
        2020$4,313 +2.2%$380,900 +1.2%
        2019$4,218 -0.8%$376,200 +1.2%
        2018$4,252 +37.8%$371,600 -3.6%
        2017$3,086 +6.8%$385,500 +25.2%
        2016$2,890 -3.4%$307,800 -2.2%
        2014$2,991 +76.2%$314,800 +57.4%
        2010$1,698 -6%$200,000 -9.6%
        2009$1,806 $221,300 +83.5%
        2007-- $120,600 +35.1%
        2006-- $89,300 +24.2%
        2005-- $71,900
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 47117

        Getting around

        11 / 100
        Car-Dependent
        11 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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