Listing courtesy of Key Associates Signature Realty · Listing agent: Kara Hinshaw · Cell: 812-686-3268

Virtual tour
ActiveSite-Built Home

707 W Shepherds Lane

$1,649,500

$442.23 / sq ft

Est. $10,716/mo

Santa Claus, IN 47579

  • On Lake Noel
  • 1 acres
  • 2.5-car garage
  • Fireplace
  • Basement
  • Energy efficient
Bedrooms
5
Bathrooms
3.5
Living area
5,795 sq ft
Lot
1 ac
Year built
1988
Type
Site-Built Home
Listed
August 27, 2025
MLS #
202534323

About this home

Stunning Lakefront Retreat on Lake Noel. Welcome to this 100% remodeled showplace on a corner lot overlooking Lake Noel. This home combines luxury finishes, thoughtful design, and incredible indoor-outdoor living spaces. Step inside the open floor plan, where the kitchen is the true centerpiece—featuring granite countertops, upgraded appliances, a massive island, and abundant pantry storage. The kitchen flows seamlessly into the main living areas, including a vaulted great room with floor-to-ceiling windows overlooking the lake and a stone fireplace that extends from floor to ceiling, shared with the incredible outdoor living room. The 18x25 covered outdoor space includes a cozy living area, a fully equipped outdoor kitchen with a Green Egg, built-in grill, sink, microwave, ice maker, beverage refrigerator, trash/recycle bins, and storage drawers—all overlooking the sparkling fiberglass pool and lake. The main-level primary suite is a retreat of its own, with direct access to the laundry room and a dream walk-in closet the size of a bedroom, complete with a secret door from the office. The spa-like primary bath includes a soaking tub and custom tiled shower. Two additional bedrooms or offices complete the main floor. Upstairs, you’ll find two spacious bedrooms and a full bath. The finished basement offers incredible flexibility—currently set up as a game room but also perfect for a private mother-in-law suite with its own bedroom, kitchen, and family room. A convenient elevator connects the main floor to the basement, where you’ll also find a storage garage. Outside, enjoy professional landscaping, a circular driveway with ample parking, a storage shed, and endless views of Lake Noel. This property is a rare find, combining luxury, functionality, and resort-style amenities in one unforgettable package. Geothermal heat and air.

Monthly payment estimate

$10,716/mo

Principal & interest
$9,029
Property taxes
$1,120
Homeowners insurance
$481
HOA dues
$86
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
Two
Total rooms
11
Total area
6,101 sq ft
Finished area above grade
3,730 sq ft
Finished area below grade
2,065 sq ft
Unfinished area below grade
306 sq ft
Below grade total
2,371 sq ft
Bedrooms above grade
4
Bedrooms below grade
1
Full baths, main level
1
Full baths, upper level
1
Full baths, below grade
1
Half baths, main level
1
Basement
Crawl Space, Daylight, Partial, Walk-Out Basement, Finished, Outside Entrance
Flooring
Carpet
Heating
Electric, Natural Gas, Conventional, Radiant Floor, Forced Air, Geothermal, Hot Water, Heat Pump, Multiple Heating Systems
Cooling
Central Air, Heat Pump, Multiple Cooling Units, Geothermal
HVAC
Ceiling Fan, Energy Star A/C, Energy Star Heating, Geo Heat (Closed Loop), Geothermal Hvac, RAD Floors - Hydronic, Zoned Air Condtioning, Zoned Heating
Fireplaces
1
Fireplace features
Living/Great Rm, Fireplace Screen/Door, Gas Log, Wood Burning, Insert, Vented
Appliances
Disposal
Laundry
Main Level
Interior features
Hot Tub/Spa, 1st Bdrm En Suite, ADA Features, Attic Pull Down Stairs, Storage, Built-in Features, High Ceilings, Cathedral Ceiling(s), Ceiling-Tray, Ceiling Fan(s), Ceilings-Beamed, Vaulted Ceiling(s), Closet(s) Cedar, Walk-In Closet(s), Countertops-Solid Surf, Countertops-Stone, Detector-Smoke, Elevator, Entrance Foyer, Jet Tub, Guest Quarters, Kennel, Kitchen Island, Near Walking Trail, Open Floorplan, Pantry, Split Br Floor Plan, Double Vanity, Utility Sink, Kitchenette, Stand Up Shower, Tub and Separate Shower, Tub/Shower Combination, Main Level Bedroom Suite, Formal Dining Room, Great Room, Main Floor Laundry, Custom Cabinetry

Exterior & parking

Style
Traditional
Construction
Brick, Stone
Roof
Asphalt, Shingle
Foundation
Block, Poured Concrete
Garage spaces
2.5
Attached garage
Yes
Garage type
Attached
Garage sq ft
648 sq ft
Parking
Garage Door Opener, Aggregate, Concrete
Private pool
No
Fencing
Metal
Other structures
Shed(s)
New construction
No
Energy-efficient features
Appliances, Doors, HVAC, Insulation, Roof, Thermostat, Water Heater

Waterfront & lake

Waterfront
Yes
Body of water
Lake Noel
Waterfront features
Walk to Lake Access, Lake Front
Water access
Frontage Lot
Lake type
Non Ski Lake
Water frontage
65 ft
Water feature
Lake

Lot

Lot features
Landscaped, Corner Lot, Irregular Lot, Level, Sloped, Waterfront, Planned Unit Development, 0-2.9999, Lake on Lot, Waterfront-Level Bank
Lot size (acres)
1 ac
Lot dimensions
169x166x177x130
Location type
City/Town/Suburb,Gated Community,Near Walking Trail
County
Spencer County
Township
Clay
Platted
Yes
Planned unit development
No
Directions
Head south on St Louis J Koch Blvd toward W Christmas Blvd/County Rd 1600 N then turn right onto Melchior Dr N. Turn left onto W Shepherds Ln, house on the left

Schools

Elementary school
Lincoln Trail
Middle school
Heritage Hills
High school
Heritage Hills
School district
North Spencer County School Corp.

HOA & community

HOA fee
$1,030
HOA fee frequency
Annually
Community amenities
Clubhouse, Boat Dock, Golf Course, Playground, Swing Set

Taxes & terms

Annual taxes
$13,444
Tax year
2025
Tax exemptions
Homestead, Mortgage
Listing terms
Conventional, FHA, VA
Possession
30 days
Parcel number
74-05-03-104-035.000-005

Included in the sale

Included in sale
Dishwasher,Microwave,Refrigerator,Washer,Built-In Gas Grill,Cooktop-Electric,Dryer-Electric,Ice Maker,Kitchen Exhaust Hood,Laundry-Stacked W/D,Oven-Built-In,Range/Oven-Dual Fuel,Water Heater Tankless

Utilities

Water
Public
Sewer
Public Sewer
Electric provider
CenterPoint Energy
Gas provider
Community NatGas(Spencer)
Cable / internet provider
DirectTV,Perry Spencer Corporation

Income & commercial

Gas meters
12

Location

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$1,649,500

5 beds · 3.5 baths