Listing courtesy of Encore Sotheby's International Realty · Listing agent: Angela Racolta · Cell: 317-750-1600

Virtual tour
ActiveSite-Built Home

244 Ems T5 Lane

$3,999,000

$652.68 / sq ft

Est. $25,218/mo

Leesburg, IN 46538Mead Park

  • On James Lake (Little Tippy)
  • 4-car garage
  • Fireplace
  • Basement
Bedrooms
7
Bathrooms
6
Living area
9,055 sq ft
Lot
0.94 ac
Year built
2021
Type
Site-Built Home
Listed
August 15, 2026
MLS #
202633353

About this home

An extraordinary Little Tippy Lake estate, custom built in 2021 and designed to make the most of life at the lake. Set on .94 acres along a private road with over 100 feet of lake frontage, this remarkable home offers more than 9,000 finished square feet across three levels, exceptional outdoor living and incredible spaces for entertaining. The main level makes an immediate impression with soaring ceilings, exposed wood beams, expansive windows and beautiful lake views. The open great room flows into a stunning kitchen with quartz countertops, oversized island, custom cabinetry, Café appliances, professional gas range and dual sinks. The private primary suite enjoys lake views, a spa-inspired bath, oversized walk-in shower and generous walk-in closet. Two additional bedrooms share a Jack-and-Jill bath. Upstairs are two additional bedrooms with a Jack-and-Jill bath, laundry, loft/game space and an impressive bonus room featuring four twin sized sleeping nooks and a full bath—perfect for hosting a houseful at the lake. The walkout lower level takes entertaining to another level with a second full kitchen, prep kitchen, wet bar, recreation and gathering spaces, plus an additional room currently used as a bedroom. Highlights include a built-in Miele coffee system, multiple beverage refrigerators, ice maker and a pass-through window connecting the bar directly to the outdoor kitchen. Outside is just as impressive. The expansive covered lakeside patio features motorized screens, infrared heaters, outdoor kitchen, dining and gathering areas, gas fireplace, hot tub, private sauna, ice plunge, and outdoor shower. Take the double staircase—or the built-in spiral slide—to the spacious, level lakefront lawn. A lakeside garage provides convenient storage for water toys and equipment. Additional amenities include four single-bay garage doors, three laundry areas, whole-home Sonos, smart-home wiring, generator, Tesla EV charging, tankless water heater, reverse osmosis system and two private wells. Beautifully designed, exceptionally appointed and created for unforgettable days on Little Tippy Lake. Approximately one hour from both the University of Notre Dame and Fort Wayne, adding convenient access to two of Northern Indiana's key destinations while enjoying the privacy and lifestyle of Lake Tippecanoe.

Monthly payment estimate

$25,218/mo

Principal & interest
$21,889
Property taxes
$2,080
Homeowners insurance
$1,166
HOA dues
$83
Your loan

  • Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
  • Taxes: the seller's 2026 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
Two
Total rooms
18
Total area
9,932 sq ft
Finished area above grade
6,127 sq ft
Finished area below grade
2,928 sq ft
Unfinished area below grade
877 sq ft
Below grade total
3,805 sq ft
Bedrooms above grade
6
Bedrooms below grade
1
Full baths, main level
2
Full baths, upper level
2
Full baths, below grade
1
Half baths, main level
1
Half baths, below grade
1
Basement
Sump Pump, Daylight, Full, Walk-Out Basement
Flooring
Carpet, Laminate, Tile
Heating
Natural Gas, Forced Air
Cooling
Central Air
HVAC
Ceiling Fan
Fireplaces
1
Fireplace features
Fire Pit, Living/Great Rm, Gas Starter
Appliances
Disposal
Laundry
Main Level
Interior features
Hot Tub/Spa, Alarm System-Security, Balcony, Bar, Breakfast Bar, Built-In Speaker System, Built-in Features, High Ceilings, Ceiling Fan(s), Ceilings-Beamed, Vaulted Ceiling(s), Walk-In Closet(s), Countertops-Solid Surf, Court-Basketball, Deck on Waterfront, Detector-Smoke, Eat-in Kitchen, Entrance Foyer, Generator-Whole House, Kitchen Island, Open Floorplan, Pantry, Pocket Doors, Split Br Floor Plan, Utility Sink, Wet Bar, RV Parking, Stand Up Shower, Tub/Shower Combination, Main Level Bedroom Suite, Garage-Heated, Great Room, Main Floor Laundry, Custom Cabinetry

Exterior & parking

Construction
Shingle Siding, Vinyl Siding
Roof
Shingle
Foundation
Poured Concrete
Garage spaces
4
Attached garage
Yes
Garage type
Attached
Garage sq ft
1,792 sq ft
Parking
Garage Door Opener, Concrete
Private pool
No
New construction
No

Waterfront & lake

Waterfront
Yes
Body of water
James Lake (Little Tippy)
Waterfront features
Pier/Dock
Water access
Lakefront
Lake type
Ski Lake
Water frontage
120 ft
Sea wall
Rip Rap
Water feature
Lake

Lot

Subdivision
Mead Park
Lot features
Landscaped, Waterfront, 0-2.9999, Lake on Lot, Water View
Lot size (acres)
0.94 ac
Lot dimensions
100X410
Location type
Lake
County
Kosciusko County
Township
Tippecanoe
Road frontage
Private Road
Road surface
Asphalt
Lots
1
Platted
Yes
Planned unit development
No
Directions
GPS 244 EMS T5 Lane

Schools

Elementary school
North Webster
Middle school
Wawasee
High school
Wawasee
School district
Wawasee

HOA & community

HOA fee
$1,000
HOA fee frequency
Annually
Association restrictions
Yes

Taxes & terms

Annual taxes
$24,960
Tax year
2026
Listing terms
Cash, Conventional
Possession
At Closing
Parcel number
43-08-16-300-093.000-023

Included in the sale

Included in sale
Dishwasher,Microwave,Refrigerator,Washer,Window Treatments,Built-In Gas Grill,Dryer-Electric,Freezer,Ice Maker,Oven-Built-In,Oven-Gas,Range-Gas,Sump Pump,Water Filtration System,Water Heater Tankless,Water Softener-Owned,Sauna,Basketball Goal

Utilities

Water
Well
Well
Private
Sewer
Regional

Income & commercial

Gas meters
14

Location

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