Listing courtesy of VOGEL REAL ESTATE · Listing agent: Gregory Vogel II, Gri · gvogeljr@vogel-real-estate.com
4954 E Bayfront Court
Monticello, IN 47960Keans Bay
Original price $1,175,000 · Price reduced on June 24, 2026
- On Lake Shafer
- Fireplace
- Basement
- Bedrooms
- 5
- Bathrooms
- 4
- Living area
- 4,378 sq ft
- Lot
- 0.61 ac
- Year built
- 1948
- Type
- Site-Built Home
- Listed
- September 5, 2025
- MLS #
- 202535802
About this home
PRICE RECUDED !! 5 bed/4 full bath Lake Shafer/Kean's bay 2 house Beauty with a Classy mixture of modern updates and original charm. Main house has modern Quartz/Oak Kitchen with new stainless appliances, recessed lighting. Original Living room has knotty pine ceilings, hardwood flooring, huge brick fireplace/hearth. Oversized Main Bedroom Suite with high end tiled shower and bath that will rival some of the best constructed/designed homes in the Midwest. This sprawling estate has a panoramic view of Bay & Main Lake Shafer/Tippecanoe Country Club. Guest cottage on own parcel with waterfrontage can be rented out for additional income. 44x22 Family Room with cedar beams/walls/ceilings, gas fireplace and bar for entertaining. Outside amenities include; vinyl deck railing, granite outdoor kitchen with composite decking and hot tub, multiple level decks with fresh stain, brick paver patios/porches and walkways, private main bedroom suite balcony lakeside with private exterior access, circular asphalt driveway. Waterfront improvements consist of; permanent covered lift/pwc lift, huge 1,000 sqft. deck lakeside with slide to water, swim platform. Partially finished basement with full bathroom, new flooring. Main house has multiple zones for heating/cooling. Furnishings are negotiable for a turn-key multi-house estate.
Monthly payment estimate
$6,775/mo
- Principal & interest
- $5,747
- Property taxes
- $722
- Homeowners insurance
- $306
- 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
- One and One Half
- Total rooms
- 12
- Total area
- 5,234 sq ft
- Finished area above grade
- 4,258 sq ft
- Finished area below grade
- 120 sq ft
- Unfinished area below grade
- 856 sq ft
- Below grade total
- 976 sq ft
- Bedrooms above grade
- 5
- Full baths, main level
- 2
- Full baths, upper level
- 1
- Full baths, below grade
- 1
- Basement
- Crawl Space, Partial, Partially Finished
- Flooring
- Hardwood, Laminate, Tile
- Heating
- Electric, Natural Gas, Conventional, Forced Air
- Cooling
- Central Air
- HVAC
- Zoned Air Condtioning, Zoned Heating
- Fireplaces
- 2
- Fireplace features
- Family Room, Living/Great Rm, Gas Log
- Laundry
- In Basement
- Interior features
- Balcony, High Ceilings, Vaulted Ceiling(s), Countertops-Solid Surf, Deck on Waterfront, Jet/Garden Tub, Range/Oven Hook Up Gas, Stand Up Shower, Tub and Separate Shower
Exterior & parking
- Construction
- Aluminum Siding
- Foundation
- Block
- Parking
- Asphalt, Circular Driveway
- Private pool
- No
- Other structures
- Shed(s)
- Other structures (2)
- Shed
- Outbuilding 2
- 143 sq ft
- New construction
- No
Waterfront & lake
- Waterfront
- Yes
- Body of water
- Lake Shafer
- Waterfront features
- Boat Lot
- Water access
- Lakefront
- Lake type
- Ski Lake
- Water frontage
- 120 ft
- Channel / canal frontage
- 120 ft
- Water feature
- Lake
Lot
- Subdivision
- Keans Bay
- Lot features
- Waterfront, 0-2.9999, Water View, Waterfront-Medium Bank
- Lot size (acres)
- 0.61 ac
- Lot dimensions
- 79x213, 39x222
- Location type
- Lake
- County
- White County
- Township
- Liberty
- Platted
- Yes
- Planned unit development
- No
- Directions
- IND 39 north from Monticello, turn West onto CR 400 North, Turn South onto Lake Road 28 East, at T, turn west to Houses.
Schools
- Elementary school
- Twin Lakes
- Middle school
- Twin Lakes
- High school
- Twin Lakes
- School district
- Twin Lakes School Corp.
HOA & community
- Other fees
- $125
- Other fees description
- shorefront
Taxes & terms
- Annual taxes
- $8,659
- Tax year
- 2026
- Possession
- day of closing
- Parcel number
- 91-73-08-000-017.200-011
Included in the sale
- Included in sale
- Dishwasher,Microwave,Refrigerator,Washer,Window Treatments,Boat Lift-Covered,Boat Lift-Permanent,Dryer-Gas,Water Heater Gas,Water Softener-Rented,PWC Lift/Ramp-Temp
Utilities
- Water
- Well
- Well
- Private
- Sewer
- Regional
Income & commercial
- Gas meters
- 10
Location
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