Welcome to your dream lakefront home, perfectly positioned on the peaceful shores of Lake Shafer's Big Monon Bay. This beautifully remodeled 5-bedroom, 4-bathroom residence was completely updated in 2011 and offers the ideal blend of luxury, comfort, and direct water access. Step inside to find an open-concept main level with picturesque lake views, a spacious living room with wood burning fireplace, and a gourmet kitchen featuring granite countertops, a large island, and ample cabinetry-perfect for entertaining. Off the living room, sliding doors lead to a covered porch, offering a serene space to relax and take in the stunning surroundings, rain or shine. The main floor also includes two generously sized bedrooms and 2 bathrooms. Upstairs, the expansive primary suite is a true sanctuary with breathtaking views, a cozy gas fireplace, private en suite bath featuring a jetted whirlpool tub, walk-in glass shower. Two additional bedrooms and a full bathroom provide plenty of space for guests or family. Outdoor living is elevated with a double jet ski lift and permanent boat lift with party deck above which is deal for sunbathing, enjoying sunsets, or hosting summer gathering. The property also comes equipped with irrigation for easy lawn and landscape maintenance. Located in a no-wake zone, Big Monon Bay is perfect for swimming, kayaking, paddle boarding, and relaxing on calm waters-making it a safe and fun environment for all ages while being just a short boat drive away from the main lake. Whether you're looking for a weekend escape or a year-round residence, this rare lakefront gem offers it all-space, style, and an unbeatable waterfront lifestyle.
Closed
$550,000
3276 E Bailey Rd, Monticello, IN 47960
5beds
2,372sqft
Single Family Residence
Built in 1964
0.37 Acres Lot
$539,500 Zestimate®
$232/sqft
$2,284 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 14, 2025 at 04:17pm
Listing courtesy of:
Kelly O'Neill 219-313-7904,
Realty Executives Premier Illinois
Bought with:
Non Member
NON MEMBER
Source: MRED as distributed by MLS GRID,MLS#: 12420624
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Primary bedroom
- Features: Bathroom (Full)
- Level: Second
- Area: 288 Square Feet
- Dimensions: 18X16
Bedroom 2
- Level: Second
- Area: 120 Square Feet
- Dimensions: 12X10
Bedroom 3
- Level: Second
- Area: 88 Square Feet
- Dimensions: 11X8
Bedroom 4
- Level: Main
- Area: 81 Square Feet
- Dimensions: 9X9
Bedroom 5
- Level: Main
- Area: 72 Square Feet
- Dimensions: 9X8
Kitchen
- Level: Main
- Area: 266 Square Feet
- Dimensions: 19X14
Laundry
- Level: Main
- Area: 60 Square Feet
- Dimensions: 10X6
Living room
- Level: Main
- Area: 306 Square Feet
- Dimensions: 18X17
Heating
- Natural Gas
Cooling
- Central Air
Features
- Basement: Crawl Space
- Number of fireplaces: 2
- Fireplace features: Wood Burning, Gas Log, Gas Starter, Family Room, Master Bedroom
Interior area
- Total structure area: 2,372
- Total interior livable area: 2,372 sqft
Property
Parking
- Total spaces: 2
- Parking features: On Site, Garage Owned, Attached, Garage
- Attached garage spaces: 2
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 2
- Exterior features: Fire Pit
- Has view: Yes
- View description: Front of Property
- Water view: Front of Property
- Waterfront features: Lake Front
Lot
- Size: 0.37 Acres
- Features: Cul-De-Sac
Details
- Parcel number: 918331000013900013
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1964
Utilities & green energy
- Sewer: Public Sewer
- Water: Well
Community & neighborhood
Location
- Region: Monticello
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$539,500
2% more+$10,790
With Zillow Showcase(estimated)$550,290