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Listing courtesy of Coldwell Banker Real Estate Group · Listing agent: Ken Steury · Cell: 260-417-5777

Properties displayed may be listed or sold by various participants in the MLS.

SoldUnimproved Land

800 Ln 210 Hamilton Lake

$2,500,000

Hamilton, IN 46742Island Park

Listed at $2,800,000 Sold May 31, 2024

  • On Hamilton Lake
  • 2.3 acres
Lot
2.27 ac
Type
Unimproved Land
Listed
March 15, 2024
MLS #
202408444

About this home

PARADISE IS LITERALLY FOR SALE - Welcome to Island Park, where paradise awaits on the shores of Hamilton Lake, Hamilton, Indiana. Embrace the extraordinary with this rare 2.271 acre lot, a once-in-a-generation opportunity to claim your slice of heaven. The history behind this parcel dating back to 1889 through 1940’s is amazing and you can own the nostalgia that comes with it. With utilities in place, your dream home or investment project can effortlessly come to life. Indulge in the luxury of your own private beach; a secluded retreat inviting you to unwind and savor the tranquility of 546 feet of lakefront living that overlooks the expansive 800+ acre Hamilton Lake: and serves as your backyard, providing not only breathtaking panoramic views but also a playground for all water enthusiasts. Once you have purchased: there’s several ways to divide or develop the parcel to meet your specific needs or desires. Family driven or investor driven, the choice is yours. Nestled in the heart of this serene island, the property boasts an R3 zoning which allows triplex family units. That said: single family lots from 1-9 totals may be possible. This offers vast possibilities for residential estate-size lots, smaller lot development, or 3-unit multi-family lots. Step into the rich history of Island Park, which still offers a 2 acre private park at its center for island residents, and once graced by the legendary Paradise Hotel between 1915 and 1945. As echoes of a bygone era linger, imagine the potential for your legacy to be etched into this cherished landscape. Seize this unparalleled, once in a lifetime opportunity, to own a piece of paradise where the past meets the present, and where the most amazing views come standard. This is more than just a property; its nostalgia and an invitation to create your legacy with memories, and build a future in a place that truly embodies the essence of island living. Don't miss your chance to make history at Island Park on Hamilton Lake and the past location of Paradise Hotel – a destination like no other.

Property details

Exterior & parking

Parking
Gravel

Waterfront & lake

Waterfront
Yes
Body of water
Hamilton Lake
Waterfront features
Private Beach, Deeded
Water access
Lakefront
Lake type
Ski Lake
Water frontage
546 ft
Sea wall
Rip Rap
Water feature
Lake

Lot

Subdivision
Island Park
Lot features
Shed
Lot size (acres)
2.27 ac
Lot dimensions
325x204x546x185
Location type
City,Lake
Inside city limits
Yes
County
Steuben County
Township
Otsego
Cross street
E Bellefontaine Rd
Current use
Multi-Family, Residential
Road frontage
City Street
Road surface
Asphalt
Road maintained by
City
Price per acre
$1,100,837
Easements
Yes
Restrictions
Covenants
Platted
Yes
Planned unit development
No
Directions
From the 4-way stop in downtown Hamilton, turn west on E Bellefontaine Rd, approximately one-half mile turn north on Lane 210, then follow around to the NW crossing the bridge; when reaching the Y on the island, follow to property on the North.

Schools

Elementary school
Hamilton
Middle school
Hamilton
High school
Hamilton
School district
Hamilton Community

HOA & community

HOA fee
$150
HOA fee frequency
Annually
Other fees
$1,284
Other fees frequency
Annually
Other fees description
Weed Spray - Lake Assoc

Taxes & terms

Annual taxes
$19,763
Tax year
2023
Tax exemptions
No Exemptions
Listing terms
Cash, Conventional
Possession
DayOfClose
Parcel number
76-10-33-120-101.000-010

Utilities

Water
City
Sewer
City
Electric
Available
Fuel
Electric, Gas
Electric provider
AEP/I&M
Gas provider
NIPSCO
Cable / internet provider
Mediacom

Location

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$2,500,000