Experience breathtaking lakefront living with spectacular views from this beautifully updated home on Shafer Lake! Nestled on approximately 70 feet of prime lake frontage, this property boasts a new sea wall, new boat lift that includes two piers--perfect for boating, fishing, or simply soaking in the serene surroundings.Enjoy lake life from the expansive deck or from inside the oversized living and dining room, designed with an open-concept layout that flows seamlessly into the kitchen. Large windows flood the space with natural light and provide stunning, uninterrupted views of the water.The recently remodeled kitchen is a showstopper, featuring gleaming granite countertops, stainless steel appliances, a stylish farmhouse sink, and plenty of cabinet space--ideal for entertaining or quiet evenings at home.With three bedrooms and two full baths, there's room to relax in comfort. Set on a spacious .34+/- acre lot, this home combines modern updates with the charm and tranquility of lake living. Whether you're sipping coffee on the deck at sunrise or unwinding after a day on the water, this lakefront retreat offers the ultimate escape. Court house has finished sq ft as 1768, probably closer to 1462. Part of the Shafer Freeman Lakes Environmental Conservation Corp. which requires annual shore front license renewal fee. Information believed accurate, not guaranteed.
Active
$429,900
4867 NW Shafer Dr, Monticello, IN 47960
3beds
1,768sqft
Est.:
Single Family Residence
Built in 1973
0.35 Acres Lot
$413,300 Zestimate®
$243/sqft
$-- HOA
What's special
Lakefront livingNew boat liftSpectacular viewsThree bedroomsLarge windowsExpansive deckGranite countertops
- 10 days
- on Zillow |
- 922 |
- 45 |
Zillow last checked: 7 hours ago
Listing updated: April 17, 2025 at 04:05pm
Listed by:
Deb McKay,
Hebron Realty & Insurance 219-996-6032
Source: NIRA,MLS#: 819154

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bedroom 2, Primary Bedroom, Living Room, Kitchen, Dining Room, Bedroom 3
Primary bedroom
- Area: 272
- Dimensions: 17.0 x 16.0
Bedroom 2
- Area: 117
- Dimensions: 13.0 x 9.0
Bedroom 3
- Description: L shaped with extra nook
- Area: 128
- Dimensions: 16.0 x 8.0
Dining room
- Area: 170
- Dimensions: 17.0 x 10.0
Kitchen
- Area: 110
- Dimensions: 11.0 x 10.0
Living room
- Area: 320
- Dimensions: 20.0 x 16.0
Heating
- Forced Air
Appliances
- Included: Dryer, Water Softener Owned, Washer, Stainless Steel Appliance(s), Refrigerator, Gas Water Heater
- Laundry: Electric Dryer Hookup, Washer Hookup, Lower Level, Gas Dryer Hookup
Features
- Country Kitchen, Granite Counters
- Windows: Blinds, Insulated Windows
- Has fireplace: No
Interior area
- Total structure area: 1,768
- Total interior livable area: 1,768 sqft
- Finished area above ground: 1,768
Property
Parking
- Parking features: Additional Parking, Driveway, Off Street, Kitchen Level, Gravel
- Has uncovered spaces: Yes
Features
- Levels: One and One Half
- Patio & porch: Deck
- Exterior features: Other, Private Yard
- Pool features: None
- Has view: Yes
- View description: Lake, Water
- Has water view: Yes
- Water view: Lake,Water
- Waterfront features: Lake Front, Lake Privileges
Lot
- Size: 0.35 Acres
- Features: Back Yard, Landscaped, Rectangular Lot, Private, Few Trees, Front Yard
Details
- Parcel number: 917305000002600020
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1973
Utilities & green energy
- Electric: 200+ Amp Service, Circuit Breakers
- Sewer: Public Sewer
- Water: Well
- Utilities for property: Electricity Connected, Sewer Connected, Underground Utilities, Natural Gas Connected
Community & HOA
Community
- Subdivision: Frax
HOA
- Has HOA: No
Location
- Region: Monticello
Financial & listing details
- Price per square foot: $243/sqft
- Tax assessed value: $291,400
- Annual tax amount: $1,572
- Date on market: 4/16/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,VA Loan,FHA,Conventional
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