Listing courtesy of Keller Williams Realty Group · Listing agent: Marlynn Mast · marlynnmast@gmail.com
2140 S 500 E
Lagrange, IN 46761
- On Royer Lake
- 40 acres
- Basement
- Bedrooms
- 2
- Bathrooms
- 1
- Living area
- 1,120 sq ft
- Lot
- 40 ac
- Year built
- 1983
- Type
- Site-Built Home
- Listed
- July 27, 2026
- MLS #
- 202630213
About this home
A truly exceptional property in LaGrange County two parcels totaling 40 acres with an impressive 1,200 feet of lakefront on beautiful Royer Lake and over 3,000 feet of combined road frontage (more than 2,000 feet on one side and 1,000 feet on the other). This property offers a rare blend of rolling farmland, mature trees and serene waterfront, making it an ideal setting for recreation, investment, or development. Currently zoned Agricultural and under cultivation, it provides both income potential and flexibility for future use. Included on the property is a 1,120 sq. ft. home featuring 2 bedrooms, 1 bath, on a walkout basement already plumbed for second bathroom. The home is positioned to take in the quiet, rural surroundings and offers an excellent opportunity for guest quarters, or a temporary residence while you plan your dream build. Royer Lake is a peaceful, non-ski lake known for its great fishing and connection to Fish Lake, offering the best of quiet lake living with expansive land to roam. With its combination of prime lake frontage, extensive road access, and natural beauty, this is truly a once-in-a-lifetime opportunity in northern Indiana. Whether you’re looking for a private retreat, working farm, or investment property, this one checks every box. Call today to schedule a private tour.
Monthly payment estimate
$7,816/mo
- Principal & interest
- $7,280
- Property taxes
- $148
- Homeowners insurance
- $388
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's 2024 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
- 5
- Total area
- 2,240 sq ft
- Finished area above grade
- 1,120 sq ft
- Unfinished area below grade
- 1,120 sq ft
- Below grade total
- 1,120 sq ft
- Bedrooms above grade
- 2
- Full baths, main level
- 1
- Basement
- Full, Walk-Out Basement, Unfinished
- Heating
- Forced Air
- Cooling
- Central Air
- Laundry
- Main Level
- Interior features
- Eat-in Kitchen
Exterior & parking
- Construction
- Vinyl Siding
- Roof
- Metal
- Foundation
- Poured Concrete
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- Yes
- Body of water
- Royer Lake
- Water access
- Lakefront
- Lake type
- Non Ski Lake
- Water frontage
- 1,200 ft
- Water feature
- Lake
Lot
- Lot features
- Part Wooded, Rolling Lot, Waterfront, 15+, Lake on Lot, Water View
- Lot size (acres)
- 40 ac
- Lot dimensions
- 2065x1015
- Location type
- Rural
- County
- LaGrange County
- Township
- Johnson
- Platted
- Yes
- Planned unit development
- No
- Directions
- US 20 Lagrange IN to 500 E turn South continue south for 2.25 miles. Arrive at property on the right side.
Schools
- Elementary school
- Lakeland Primary
- Middle school
- Lakeland Intermediate
- High school
- Lakeland Jr/Sr
- School district
- Lakeland School Corp
Taxes & terms
- Annual taxes
- $1,776
- Tax year
- 2024
- Listing terms
- Cash, Conventional
- Possession
- at closing
- Parcel number
- 44-10-02-200-004.000-010
Utilities
- Water
- Well
- Well
- Private
- Sewer
- Septic Tank
- Electric provider
- REMC