Listing courtesy of Whitetail Properties Real Estate · Listing agent: Andrew Malott · Cell: 574-225-2699

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ActiveUnimproved Land

4681 N 350 W

$529,900

Lebanon, IN 46052

Original price $499,900

  • On Prairie Creek Reservoir
  • 16.7 acres
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Lot
16.72 ac
Type
Unimproved Land
Listed
April 15, 2026
MLS #
202613176

About this home

Just 3 miles from Eli Lilly’s transformative new $14.5 billion Lebanon campus, this remarkable 16.7-acre property presents an extraordinary opportunity to establish a private estate in one of Indiana’s most dynamic and rapidly expanding growth corridors. Positioned in a highly desirable location where long-term value and development momentum continue to accelerate, this property offers both immediate enjoyment and lasting investment potential. Nestled within a peaceful, natural landscape, the acreage blends gently rolling open ground, mature hardwood timber, and picturesque Prairie Creek frontage to create a setting that is both beautiful and highly functional. The diverse terrain offers an ideal balance of open space for building, recreation, or hobby farm potential, while the wooded acreage provides privacy, character, and a scenic backdrop rich with wildlife. Seasonal wildflowers, towering trees, and the calming presence of water create an atmosphere that feels secluded and restorative, offering the rare sensation of a countryside retreat without sacrificing convenience. Despite its tranquil setting, this property is strategically located just minutes from Interstate 65, providing seamless access to Indianapolis, Lebanon, and surrounding communities. Shopping, dining, schools, and essential services are all within easy reach, making this an ideal setting for those seeking privacy without isolation. What truly separates this offering from many land opportunities is that much of the critical groundwork has already been completed. Approved septic conditions, installed 400-amp electric service, established access, and a recorded minor plat significantly reduce the uncertainty, time, and expense often associated with raw land development. This property is exceptionally well-positioned for immediate progress toward your vision. Whether you envision a luxury custom home, equestrian estate, recreational haven, or private legacy property, this versatile acreage provides the freedom to build with confidence. In an area experiencing unprecedented economic growth and increasing demand, opportunities to secure land of this caliber are becoming increasingly rare. This is more than a homesite—it is a chance to create something truly exceptional in a premier location.

Property details

Exterior & parking

Fencing
Barbed Wire, Wire

Waterfront & lake

Waterfront
Yes
Body of water
Prairie Creek Reservoir
Water access
Frontage Lot
Water frontage
1,199 ft
Water feature
Creek

Lot

Lot size (acres)
16.72 ac
Lot dimensions
867 x 755
Location type
Rural
County
Boone County
Township
Washington
Current use
Agricultural, Residential, Recreational
Road frontage
County Road
Road surface
Paved
Road maintained by
County
Price per acre
$31,693
Tillable acres
8.48 ac
Easements
Yes
Wetlands
Yes
Restrictions
Easements
Platted
Yes
Planned unit development
No
Directions
Heading northwest out of Lebanon on Highway 52, turn right onto West County Road 450 N. Shortly after, turn north onto North County Road 350 W and the property will be located on the east side of the road.

Schools

Elementary school
Thorntown
Middle school
Western Boone Jr/Sr
High school
Western Boone
School district
Western Boone County Community S.D.

Taxes & terms

Annual taxes
$352
Tax year
2025
Possession
Negotiable
Parcel number
06-10-09-000-020.000-017

Utilities

Electric
Available

Location

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$529,900