Listing courtesy of RE/MAX Results · Listing agent: Chantel Boone · Cell: 574-202-4408

Virtual tour
ActiveSite-Built Home

51198 Aqua Drive

$748,000

$302.10 / sq ft

Est. $5,115/mo

Elkhart, IN 46514Dawns Edge

Original price $875,000 · Price reduced on August 24, 2026

  • On Simonton Lake
  • 2-car garage
  • Fireplace
  • Basement
Bedrooms
4
Bathrooms
3.5
Living area
2,476 sq ft
Lot
0.63 ac
Year built
1971
Type
Site-Built Home
Listed
March 21, 2026
MLS #
202609373

About this home

Experience lake life at its finest on one of the most sought-after settings on the lake—the widest channel with over 240 feet of prime waterfront and a rare double lot. This all-sports lake property offers the perfect blend of space, views, and unforgettable entertaining. The standout feature is the detached waterfront garage designed for year-round entertaining—heated and finished with a bar area, TVs, and a convenient half bath. Overhead garage doors open directly to the water, creating seamless indoor-outdoor living and unbeatable views for hosting friends and family. Inside the home, you’ll find expansive lake views from nearly every main living space, including the primary suite, kitchen, living room, and sunroom. The eat-in kitchen flows effortlessly to a large deck—perfect for morning coffee or sunset gatherings overlooking the water. Outside, enjoy peace of mind and low maintenance with a steel seawall and irrigation system, along with plenty of room to expand or simply enjoy the extra space that the double lot provides. Key updates include: New roof (2024),New water softener & reverse osmosis system (2024) New electric-start gas log fireplace,New garage doors & openers (detached garage), Recently serviced HVAC. Whether you’re looking for a full-time residence or the ultimate lakefront retreat, this property delivers exceptional waterfront, unmatched entertaining space, and incredible views in every direction. No homestead exemption currently filed.

Monthly payment estimate

$5,115/mo

Principal & interest
$4,094
Property taxes
$803
Homeowners insurance
$218
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
Three Or More
Total rooms
10
Total area
3,100 sq ft
Finished area above grade
2,476 sq ft
Unfinished area below grade
624 sq ft
Below grade total
624 sq ft
Bedrooms above grade
4
Full baths, main level
1
Full baths, upper level
2
Half baths, main level
1
Basement
Unfinished
Flooring
Carpet, Tile, Vinyl
Heating
Natural Gas, Forced Air
Cooling
Central Air
Fireplaces
1
Fireplace features
Family Room
Appliances
Disposal
Laundry
Upper Level
Interior features
1st Bdrm En Suite, Storage, Ceiling Fan(s), Vaulted Ceiling(s), Walk-In Closet(s), Countertops-Stone, Crown Molding, Deck on Waterfront, Detector-Smoke, Eat-in Kitchen, Entrance Foyer, Irrigation System, Kitchen Island, Open Floorplan, Double Vanity, Tub/Shower Combination, Garage-Heated

Exterior & parking

Construction
Brick, Vinyl Siding
Roof
Shingle
Garage spaces
2
Attached garage
Yes
Garage type
Attached
Garage sq ft
576 sq ft
Parking
Garage Door Opener, Concrete
Private pool
No
Other structures
Detached Garage
Outbuilding 1
1,080 sq ft
New construction
No

Waterfront & lake

Waterfront
Yes
Body of water
Simonton Lake
Water access
Channel Front/Canal
Lake type
Ski Lake
Water frontage
244 ft
Channel / canal frontage
244 ft
Sea wall
Steel
Water feature
Lake

Lot

Subdivision
Dawns Edge
Lot features
Landscaped, Waterfront, Waterfront-Level Bank
Lot size (acres)
0.63 ac
Lot dimensions
110X255
Location type
Lake
Inside city limits
No
County
Elkhart County
Township
Osolo
Platted
Yes
Planned unit development
No
Directions
CR 4, North on CR 11 To Aqua Drive.

Schools

Elementary school
Osolo
Middle school
North Side
High school
Elkhart
School district
Elkhart Community Schools

HOA & community

Association restrictions
No
Other fees
$70
Other fees frequency
Monthly
Other fees description
Simonton lake conservancy

Taxes & terms

Annual taxes
$9,637
Tax year
2026
Tax exemptions
No Exemptions
Listing terms
Cash, Conventional
Possession
Negotiable
Parcel number
20-02-15-106-007.000-026

Included in the sale

Included in sale
Dishwasher,Refrigerator,Cooktop-Electric,Oven-Electric

Utilities

Water
Well
Well
Private
Electric provider
Indiana Michigan Power
Gas provider
NIPSCO

Income & commercial

Gas meters
10

Location

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$748,000

4 beds · 3.5 baths