Listing courtesy of Key Associates Signature Realty · Listing agent: Phyllis LaGrange · Cell: 812-719-4221
10227 Lorainne Road
Leopold, IN 47551
Original price $550,000 · Price reduced on September 29, 2026
- 31.2 acres
- Basement
- Bedrooms
- 3
- Bathrooms
- 1
- Living area
- 1,354 sq ft
- Lot
- 31.18 ac
- Year built
- 1972
- Type
- Site-Built Home
- Listed
- April 6, 2026
- MLS #
- 202611690
About this home
Very special and unique 31-acre property offers opportunities for full-time living, recreation, investment, hunting or a private getaway. The secluded setting provides privacy and is surrounded by abundant wildlife and natural beauty. Property features a 2+ acre stocked lake with a scenic, park-like setting. The land includes established walking and ATV trails, cliffs, rock formations, and creeks with seasonal waterfalls. Woods consist primarily of hardwoods with future timber potential; seller recently completed a light select cut. The home offers 3 bedrooms, 1 full bath, and a full unfinished walk-out basement. Constructed with all-brick exterior and a metal roof, the home has been updated and is move-in ready. Currently used as an Airbnb and office/workspace, but easily adaptable for full-time living. Includes multiple outbuildings and shelter house. A large barn with a massive fireplace provides a great space for gatherings or events. Property was formerly home to Eagle Wings Zipline; existing zipline towers remain but are not currently in use. This property is truly special, so much to take in!!!
Monthly payment estimate
$3,133/mo
- Principal & interest
- $2,731
- Property taxes
- $256
- Homeowners insurance
- $146
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's 2025 bill as reported to the MLS. Yours may differ once your own deductions apply.
- Insurance: estimated at 0.35% of the price per year.
- An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
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Property details
Interior
- Levels
- One
- Total rooms
- 6
- Total area
- 2,708 sq ft
- Finished area above grade
- 1,354 sq ft
- Unfinished area below grade
- 1,354 sq ft
- Below grade total
- 1,354 sq ft
- Bedrooms above grade
- 3
- Full baths, main level
- 1
- Basement
- Full, Walk-Out Basement, Unfinished, Outside Entrance
- Flooring
- Carpet, Laminate, Tile
- Heating
- Electric, Heat Pump
- Cooling
- Central Air
- Laundry
- In Basement
- Interior features
- Breakfast Bar, Ceiling Fan(s), Countertops-Laminate, Eat-in Kitchen, Entrance Foyer, Stand Up Shower
Exterior & parking
- Style
- Ranch
- Construction
- Brick
- Roof
- Metal
- Foundation
- Block
- Parking
- Gravel
- Private pool
- No
- Fencing
- Chain Link, Pet Fence
- Other structures
- Outbuilding
- Other structures (2)
- Barn
- Outbuilding 1
- 950 sq ft
- Outbuilding 2
- 2,100 sq ft
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- Heavy Woods, Irregular Lot, Rolling Lot, Sloped, 15+, Lake on Lot, Wooded
- Lot size (acres)
- 31.18 ac
- Lot dimensions
- 31.182
- Location type
- Rural
- County
- Perry County
- Township
- Leopold
- Road frontage
- County Road
- Road surface
- Gravel
- Platted
- Yes
- Planned unit development
- No
- Directions
- From office in Tell City, North on HWY 37. Left on Old Highway 37 to Lorainne Road. Left on Lorainne Road, Look for signs, home is on the right side of road, barn is on the left.
Schools
- Elementary school
- Perry Central
- Middle school
- Perry Central
- High school
- Perry Central
- School district
- Perry Central Community Schools
HOA & community
- Association restrictions
- No
Taxes & terms
- Annual taxes
- $3,070
- Tax year
- 2025
- Listing terms
- Cash, Conventional, FHA, USDA Loan, VA
- Possession
- 15 days after closing
- Parcel number
- 62-09-15-300-001.001-003
Included in the sale
- Included in sale
- Microwave,Refrigerator,Washer,Window Treatments,Dryer-Electric,Range-Electric,Water Heater Electric,Water Softener-Owned
Utilities
- Water
- Well
- Well
- Private
- Sewer
- Septic Tank
- Electric provider
- Southern Indiana Power