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!
For sale
$1,100,000
8373 Morgans Lane SE, Elizabeth, IN 47117
2beds
1,426sqft
Farm
Built in 1972
34.17 Acres Lot
$-- Zestimate®
$771/sqft
$-- HOA
What's special
Spacious deckBreathtaking viewsOpen spacesSerene landscapesScenic surroundings
- 116 days
- 238
- 1
Zillow last checked:
Listing updated:
Listed by:
Lori S Short,
The Short-Bates Realty Group
Source: SIRA,MLS#: 2026010167
Originating 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: 116 days
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,317/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2026 | Listed for sale | $1,100,000-68.6%$771/sqft |
Source: | ||
| 9/29/2025 | Listing removed | $3,499,000$2,454/sqft |
Source: | ||
| 7/22/2025 | Listed for sale | $3,499,000-10.3%$2,454/sqft |
Source: | ||
| 7/7/2025 | Listing removed | $3,900,000$2,735/sqft |
Source: | ||
| 11/4/2024 | Listed for sale | $3,900,000$2,735/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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





