7332 NE Shafer Drive Monticello, IN
$ 4,500,000
Property Attributes
  • MLS#10847142
  • TypeSingle Family
  • CountyLAKE
  • CityMonticello
  • AreaIndiana and East
  • Zip47960
  • Style
  • Year Built1997
  • Taxes$ 16040
  • Price$ 4,500,000
  • Bedrooms6
  • Full Bathrooms7
  • Half Bathrooms1
  • Lot Size132 Acres
Listing Provided Courtesy Of:
Berkshire Hathaway HomeServices Chicago
Data Source:
Midwest Real Estate Data (MRED) - 103 - IL
Property Description

Need space, self-sustaining, multi-family and multi-generational? Here it is! Create new memories for years to come with your family, your children's families, your grandchildren's families & the families of friends, all safely distanced with comfort and privacy. Want an entertainer's paradise... beach front, boating, skiing, volleyball, kid's playground, outdoor basketball court, indoor basketball court, workout facility, horses, stables, horseback riding trails, fishing, hiking trails, farming, gardening, nature, beauty, self-sustainability? All of this can be found in this one property for you or several families for you to share comfortably and easily. Residing on 132 acres are several buildings including the expansive Hampton Shingle Style main house, newly renovated guest house, 2 boat houses - 1 w/ a kitchenette, powder room, deck for grilling & an outdoor basketball court. Walking away from the waterfront there is a fully-functioning barn, w/ an attached apartment overlooking two horse pastures. The barn is equipped with 6 horse stables, an indoor basketball court & work out area. Adjacent, sits a small fishing cabin on a private pond stocked w/ bass. Lastly, a 6+ car garage w/private guest suite on its own floor. Impeccable craftsmanship went into curating this incredible property. Endless possibilities: second home, vacation home, equestrian camp, corporate retreat, rehabilitation center, Children's Camp, spa, bed & breakfast, AirBNB/VRBO, Event space, Development & plenty of acreage for a vineyard.

Elementary School Middle School High School
Twin Lakes Elementary School Roosevelt Middle School Twin Lakes High School
Price History
9/4/2020 Listed $4,500,000

General Features

Additional Parcels Y/N Yes
Architectural Style Other
Association Fee Includes None
Basement Partial
City Monticello
Community Features Horse-Riding Area, Lake, Dock, Water Rights, Gated
Cooling Central Air
County Lake
Days on Market 366
Directions Private Drive off of Shafer Dr
Elementary School Twin Lakes
Exterior Features Porch, Hot Tub, Boat Slip, Outdoor Grill, Fire Pit, Box Stalls
Garage Spaces 7
HOA Fee Frequency Not Applicable
Heating Natural Gas
High School Twin Lakes
Interior Features Vaulted/Cathedral Ceilings, Hardwood Floors, 1st Floor Bedroom, 1st Floor Laundry, 1st Floor Full Bath, Walk-In Closet(s)
MLS Area Indiana and East
Middle/Junior High School Roosevelt
Middle/Junior School District OAKLA
New Construction No
Other Structures Barn(s), Guest House, Poultry Coop, RV/Boat Storage, Second Residence, Shed(s), Stable(s)
Ownership Fee Simple
Possession Closing
Property Type Residential
Property Type Detached Single
Roof Shake
Sewer Septic-Private
Standard Status Active
Status Active
Street Name Shafer
Tax Annual Amount 16040.01
Tax Year 2020
Total Rooms 11
Township Liberty
Virtual Tour
Year Built 1997

Interior Features

Basement Finished
Bathrooom Whirlpool, Separate Shower, Double Sink, Soaking Tub
Bedrooms Possible 6
Fireplace Features Wood Burning, Gas Starter
Full Baths 7
Half Baths 1
Laundry Features In Unit, Multiple Locations, Sink
Livingareasource Not Reported
Room Type Bedroom 5, Kitchen, Bedroom 6
Street Suffix Drive
Total Baths 8
Total Bedrooms 6
Total Fireplaces 2

Exterior Features

Exterior Wood Siding
Garage Onsite Yes
Garage Ownership Owned
Garage Type Detached
Lot Dimensions 132
Lot Features Beach, Horses Allowed, Pond(s), River Front, Water View, Wooded
Lot Size Acres 132
Other Equipment Security System, Ceiling Fan(s), Multiple Water Heaters
Parking Features Driveway
Total Parking 7
Water Source Private Well
Waterfront Y/N Yes

Room Details

Room Dimensions Level Flooring Details
2nd Kitchen 10X12 Main
Bedroom 2 15X20 Second
Bedroom 3 15X20 Second
Bedroom 4 24X22 Second
Bedroom 5 11X14 Main
Bedroom 6 19X23 Second
Dining Room 17X21 Main
Family Room 17X15 Main
Kitchen 31X21 Main Hardwood
Laundry 11X14 Main Stone
Living Room 27X23 Main
Master Bedroom 29X32 Main Hardwood


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 47960

AVG $460K
AVG $1,914
AVG 19
Year Built
AVG 1969

Areas We Cover