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707 W Shepherds Ln, Santa Claus, IN, 47579

5beds
4baths
5,795sqft
$1,649,500
$285price/sqft
$11,125/moest. monthly cost
$445,000/yrincome needed

About This Home

Stunning Lakefront Retreat on Lake Noel. Welcome to this 100% remodeled showplace on a corner lot overlooking Lake Noel. This home combines luxury finishes, thoughtful design, and incredible indoor-outdoor living spaces. Step inside the open floor plan, where the kitchen is the true centerpiece—featuring granite countertops, upgraded appliances, a massive island, and abundant pantry storage. The kitchen flows seamlessly into the main living areas, including a vaulted great room with floor-to-ceiling windows overlooking the lake and a stone fireplace that extends from floor to ceiling, shared with the incredible outdoor living room. The 18x25 covered outdoor space includes a cozy living area, a fully equipped outdoor kitchen with a Green Egg, built-in grill, sink, microwave, ice maker, beverage refrigerator, trash/recycle bins, and storage drawers—all overlooking the sparkling fiberglass pool and lake. The main-level primary suite is a retreat of its own, with direct access to the laundry room and a dream walk-in closet the size of a bedroom, complete with a secret door from the office. The spa-like primary bath includes a soaking tub and custom tiled shower. Two additional bedrooms or offices complete the main floor. Upstairs, you’ll find two spacious bedrooms and a full bath. The finished basement offers incredible flexibility—currently set up as a game room but also perfect for a private mother-in-law suite with its own bedroom, kitchen, and family room. A convenient elevator connects the main floor to the basement, where you’ll also find a storage garage. Outside, enjoy professional landscaping, a circular driveway with ample parking, a storage shed, and endless views of Lake Noel. This property is a rare find, combining luxury, functionality, and resort-style amenities in one unforgettable package. Geothermal heat and air.

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
15
BikeSomewhat Bikeable

Schools

8/10
8/10
10/10

Construction

Condition

  • Year built: 1988

Materials

  • Roof: Asphalt,Shingle
  • Construction materials: Brick,Stone,Other

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Disposal,Dishwasher,Microwave,Refrigerator,Washer,Built-In Gas Grill,Electric Cooktop,Dryer-Electric,Ice Maker,Exhaust Fan,Washer/Dryer Stacked,Oven-Built-In,Range/Oven-Dual Fuel,Tankless Water Heater
  • Laundry features: Sink,Main Level

Basement

  • Has basement: Yes
  • Basement: Crawl Space,Daylight,Partial,Walk-Out Access,Finished,Exterior Entry,Block,Concrete

Bedroom1

  • Level: Main

Bedroom2

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1
  • Main level bedrooms: 2

Dining Room

  • Level: Main
  • Area: 168

Family Room

  • Level: Lower
  • Area: 456

Features

  • 1st Bdrm En Suite,Bookcases,Ceiling-9+,Cathedral Ceiling(s),Tray Ceiling(s),Ceiling Fan(s),Beamed Ceilings,Vaulted Ceiling(s),Cedar Closet(s),Walk-In Closet(s),Countertops-Solid Surf,Stone Counters,Elevator,Entrance Foyer,Guest Quarters,Kitchen Island,Open Floorplan,Pantry,Split Br Floor Plan,Double Vanity,Kitchenette,Stand Up Shower,Tub and Separate Shower,Tub/Shower Combination,Main Level Bedroom Suite,Formal Dining Room,Great Room,Custom Cabinetry
  • Flooring: Carpet,Other
  • Number of fireplaces: 1
  • Fireplace features: Living Room,Fireplace Screen/Door,Gas Log,Wood Burning,Insert,Vented
  • Fireplace: Yes
  • Attic: Pull Down Stairs,Storage
  • Finished area below ground: 2,065
  • Finished area above ground: 3,730

Heating & Cooling

  • Heating features: Electric,Natural Gas,Conventional,Floor Furnace,Forced Air,Geothermal,Hot Water,Heat Pump,Multiple Heating Systems,ENERGY STAR Qualified Equipment,Geo Heat (Closed Loop),RAD Floors - Hydronic,Zoned
  • Cooling features: Central Air,Heat Pump,Multi Units,Geothermal,Ceiling Fan(s),ENERGY STAR Qualified Equipment,Geothermal Hvac,Zoned

Interior Area

  • Total structure area: 6,101
  • Total interior livable area: 5,795 sqft

Kitchen

  • Level: Main
  • Area: 285

Living Room

  • Level: Main
  • Area: 594

Office

  • Level: Main
  • Area: 117

Property

Accessibility

  • Accessibility features: ADA Features

Details

  • Parcel number: 740503104035.000005

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck Covered,Porch Covered,Porch
  • Exterior features: Kennel
  • Has spa: Yes
  • Spa features: Private,Jet Tub
  • Fencing: Metal
  • Has view: Yes
  • On waterfront: Yes
  • Waterfront features: Waterfront,Lake,Waterfront-Level Bank,Walk to Lake Access,Gated Lakefront,Frontage Lot,Non Ski Lake
  • Waterbody name: Lake Noel
  • Frontage length: Channel/Canal Frontage(0),Water Frontage(65)

Lot

  • Lot size: 1 Acres
  • Features: Corner Lot,Irregular Lot,Level,Sloped,Planned Unit Development,0-2.9999,City/Town/Suburb,Near Walking Trail,Landscaped
  • Lot size dimensions: 169x166x177x130

Parking

  • Total spaces: 2.5
  • Parking features: Attached,Garage Door Opener,Aggregate,Concrete
  • Has garage: Yes
  • Attached garage spaces: 2.5
  • Covered spaces: 2.5
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindVery High
  • Hail
    HailRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Strong Wind
Hail
Inland Flooding
Ice Storm
Tornado
Winter Weather
Earthquake
Heat Wave
Lightning

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $8,340$100,080
Home Insurance *$951$11,412
Property Taxes $1,303$15,636
Electricity $531$6,374
Total$11,125$133,500
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$381,428/yr
40% on housing$333,750/yr
45% on housing$296,666/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: -2.2%
-2.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$285This listing

vs Other Active Listings

Avg $/sqft

ZIP 47579$151
Spencer County$97

vs Homes Sold Last Month

Median $/sqft

ZIP 47579
Spencer County$160

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-09-16Listed for sale$1,649,500
2019-11-22Sold$379,000
2019-10-12Listed for sale$389,000

For Sale by Agent

AgentKara Hinshaw
BrokerageKey Associates Signature Realty

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