Listing courtesy of Listing Leaders Executive Real Estate Group, LLC · Listing agent: Kimberly Sut

Virtual tour
ActiveSite-Built Home

5008 E Shady Point Drive

$401,000

$227.20 / sq ft

Est. $2,384/mo

Monticello, IN 47960

Original price $414,900 · Price reduced on October 5, 2026

  • On Lake Shafer
  • 2-car garage
  • Fireplace
Bedrooms
3
Bathrooms
2
Living area
1,765 sq ft
Lot
0.71 ac
Year built
1979
Type
Site-Built Home
Listed
July 24, 2026
MLS #
202629810

About this home

Lake life is calling! This well-maintained 3-bedroom, 2-bath home offers the perfect combination of comfortable living, extra storage, and easy access to the water. Situated on one of the largest corner lots in the neighborhood, this property includes two parcels, giving you additional space and private lake access just across the street. Inside, you’ll find a spacious layout featuring a welcoming kitchen with a center island, soft-close cabinetry, updated countertops, and plenty of room for gathering. The primary suite includes a private en-suite bathroom, creating a comfortable retreat at the end of the day. Step outside through the double patio doors to an area complete with an electric awning, making it easy to relax and entertain in nearly any weather. The partially fenced backyard provides room for pets, play, gardening, or outdoor enjoyment. Storage is no issue with an attached 2-car garage plus two additional detached garages/storage buildings, offering space for extra vehicles, boats, recreational equipment, or a workshop. An RV electrical hookup adds even more versatility for campers, motorhomes, or specialty equipment. Just across the street, your second parcel provides access to the lake where you can spend your days boating, fishing, swimming, or simply unwinding by the water. The electric boat lift is already in place—just bring your boat—and the private pier is perfect for casting a line, enjoying the views, or watching the sunset. A charming gazebo creates the ideal spot to relax and take in the peaceful lake scenery. Whether you’re looking for a full-time residence, a weekend getaway, or the ultimate lake retreat, this property offers an incredible opportunity to enjoy everything lake living has to offer. With so many features and amenities, this home is truly one you need to experience in person. Schedule your private showing today!

Monthly payment estimate

$2,384/mo

Principal & interest
$2,195
Property taxes
$57
Homeowners insurance
$117
HOA dues
$15
Your loan

  • 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.
Change taxes, insurance and more in the full calculator

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Property details

Interior

Levels
One
Total rooms
6
Total area
1,765 sq ft
Finished area above grade
1,765 sq ft
Bedrooms above grade
3
Full baths, main level
2
Basement
Crawl Space
Heating
Natural Gas, Forced Air
Cooling
Central Air
HVAC
Ceiling Fan
Fireplaces
1
Fireplace features
Family Room
Laundry
Main Level
Interior features
Eat-in Kitchen, Kitchen Island, Main Floor Laundry

Exterior & parking

Style
Ranch
Construction
Stone, Vinyl Siding
Roof
Shingle
Garage spaces
2
Attached garage
Yes
Garage type
Attached
Garage sq ft
504 sq ft
Private pool
No
Other structures
Detached Garage
Other structures (2)
Shed
Outbuilding 2
392 sq ft
New construction
No

Waterfront & lake

Waterfront
Yes
Body of water
Lake Shafer
Waterfront features
Pier/Dock
Water access
Frontage Lot
Lake type
Ski Lake
Water frontage
26 ft
Channel / canal frontage
26 ft
Water feature
Lake

Lot

Lot features
Corner Lot, Part Wooded, Waterfront
Lot size (acres)
0.71 ac
Lot dimensions
Irregular
Location type
Lake
County
White County
Township
Liberty
Platted
Yes
Planned unit development
No
Directions
Take SR-39 North, turn left onto E 500 N, turn right onto N 550 E, turn left onto N East Shafer Dr, turn right onto N 550 E, turn right onto E Shady Point Dr, home is on the right.

Schools

Elementary school
North White Primary
Middle school
North White Jr/Sr
High school
North White Jr/Sr
School district
North White School Corp.

HOA & community

HOA fee
$175
HOA fee frequency
Annually

Taxes & terms

Annual taxes
$678
Tax year
2025
Tax exemptions
Homestead, Vet
Listing terms
Cash, Conventional, FHA, VA
Possession
Negotiable
Parcel number
91-83-33-000-008.200-010

Included in the sale

Included in sale
Dishwasher,Microwave,Refrigerator,Washer,Boat Lift-Permanent,Cooktop-Gas,Dryer-Gas,Oven-Built-In,Water Softener-Owned,Gazebo

Utilities

Water
Well
Well
Private
Sewer
Public Sewer

Rooms

RoomLevelDimensions
Living RoomMain20 × 20 ft
KitchenMain16 × 12 ft
Bedroom 1Main11 × 17 ft
Bedroom 2Main11 × 12 ft
Bedroom 3Main10 × 11 ft
LaundryMain9 × 12 ft

Location

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