Listing courtesy of Century 21 Scheetz - Bloomington · Listing agent: Corey Mauder · Cell: 812-606-1908

Virtual tour
ActiveSite-Built Home

7266 Locust Lake West Drive

$284,900

$320.83 / sq ft

Est. $1,687/mo

Spencer, IN 47460Locust Lake

Original price $289,900 · Price reduced on August 22, 2026

  • On Locust Lake
  • 2-car garage
  • Fireplace
  • Basement
Bedrooms
3
Bathrooms
2
Living area
1,776 sq ft
Lot
0.32 ac
Year built
1965
Type
Site-Built Home
Listed
July 31, 2026
MLS #
202631085

About this home

Experience peaceful lakefront living in the desirable Locust Lake community, conveniently located in northern Owen County just minutes from I-70. This meticulously maintained sandstone ranch offers picturesque water views, thoughtful updates, and a move-in-ready interior designed for comfortable everyday living and entertaining. Offering 1,776 square feet of finished living space, this home features three bedrooms and two full bathrooms. The main level showcases an inviting open-concept living, dining, and kitchen area where a stunning floor-to-ceiling stone fireplace with a wood-burning insert creates a warm focal point. Just off the main living space, a spacious covered deck extends your living area outdoors, providing the perfect setting for dining, relaxing, or taking in the peaceful lake views. Two main-level bedrooms feature beautiful hardwood floors and are served by a full bathroom conveniently located on the main floor. The finished walkout lower level adds exceptional flexibility with a spacious family room, a large third bedroom, a full bathroom, and a dedicated laundry room. An attached two-car garage with attic storage offers ample room for vehicles, tools, and seasonal items. Recent improvements provide added value and peace of mind, including a new well, a newer HVAC system with an energy-efficient mini-split serving the lower level, roof, well pump, sump pump, dock, and covered rear deck. Step outside to enjoy your private lakefront setting, whether relaxing by the water, casting a line from the dock, or exploring the electric motor-only lake. Locust Lake offers an affordable homeowners association with annual dues of less than $450. Ideally located near Cataract Falls, Cataract Lake, and McCormick's Creek State Park, this property provides convenient access to boating, fishing, hiking, and a variety of outdoor recreation opportunities while remaining just minutes from Interstate 70 for an easy commute.

Monthly payment estimate

$1,687/mo

Principal & interest
$1,559
Property taxes
$45
Homeowners insurance
$83
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

Get pre-approved

Know your real budget before you tour, and make a stronger offer. We'll connect you with a local lender.

Property details

Interior

Levels
One
Total rooms
6
Total area
1,776 sq ft
Finished area above grade
888 sq ft
Finished area below grade
888 sq ft
Below grade total
888 sq ft
Bedrooms above grade
2
Bedrooms below grade
1
Full baths, main level
1
Full baths, below grade
1
Basement
Sump Pump, Walk-Out Basement, Finished
Flooring
Hardwood, Concrete, Vinyl
Heating
Forced Air, Multiple Heating Systems, Propane Tank Rented
Cooling
Central Air, Multiple Cooling Units
Fireplaces
1
Fireplace features
Dining Room, Wood Burning Stove
Laundry
Lower Level
Interior features
Ceiling Fan(s), Countertops-Laminate, Detector-Carbon Monoxide, Detector-Smoke, Generator Ready, Open Floorplan, Tub/Shower Combination

Exterior & parking

Style
Ranch
Construction
Vinyl Siding
Roof
Shingle
Foundation
Block
Garage spaces
2
Attached garage
Yes
Garage type
Attached
Garage sq ft
644 sq ft
Parking
Garage Door Opener, Concrete
Private pool
No
New construction
No

Waterfront & lake

Waterfront
Yes
Body of water
Locust Lake
Waterfront features
Boat Docking Rights, Pier/Dock, Association Access
Water access
Lakefront
Lake type
Non Ski Lake
Water frontage
150 ft
Water feature
Lake

Lot

Subdivision
Locust Lake
Lot features
Sloped, Waterfront, 0-2.9999
Lot size (acres)
0.32 ac
Lot dimensions
0x0
Location type
Rural Subdivision
County
Owen County
Township
Montgomery
Platted
Yes
Planned unit development
No
Directions
GPS Friendly

Schools

Elementary school
Gosport
Middle school
Owen Valley
High school
Owen Valley
School district
Spencer-Owen Community Schools

Taxes & terms

Annual taxes
$542
Tax year
2025
Tax exemptions
Homestead
Listing terms
Cash, Conventional, FHA, USDA Loan, VA
Possession
Negotiable
Parcel number
60-07-17-200-140.021-024

Included in the sale

Included in sale
Microwave,Refrigerator,Window Treatments,Dryer-Electric,Range-Electric,Sump Pump,Water Heater Electric

Utilities

Water
Well
Well
Private
Sewer
Septic Tank
Electric provider
South Central REMC

Location

Loading map...

Similar homes

$284,900

3 beds · 2 baths