8373 Morgans Lane SE, Elizabeth, IN, 47117
About This Home
Discover a unique opportunity to own a gentleman's farm nestled on a stunning 40-acre property in Elizabeth, Indiana. This picturesque estate offers not only breathtaking views and serene landscapes! Property Features: Facilities: 40x40 two-story barn Residential & Storage: Comfortable 40x40 storage barn for equipment and supplies. Spaces: Spacious deck and gazebo 34+ acres mostly tiltable, this property has lots of potential! Was once a thriving winery, this sale does not include any equipment. Discover the possibilities with this unique 34-acre property! Previously operated as a winery, this one-of-a-kind setting offers endless opportunities for your vision. The property features a spacious 40' x 40' barn, a charming gazebo, and a large deck—perfect for entertaining, special events, or simply enjoying the peaceful countryside. With open spaces, scenic surroundings, and room to grow, this versatile property could be ideal for a hobby farm, event venue, vineyard, agritourism venture, or your private retreat. Whether you're looking to invest, expand a business, or create your dream property, this exceptional acreage is ready for its next chapter. Don't miss this rare opportunity to own a property with so much potential!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1972
Materials
- Foundation: See Remarks
- Roof: Metal
Type & Style
- Home type: SingleFamily
- Architectural style: One Story
- Property subType: Farm
Interior
Appliances
- Laundry features: Main Level,Other
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Finished area below ground: 0
- Finished area above ground: 1,426
Heating
- Heating features: Forced Air
Interior Area
- Total structure area: 1,426
- Total interior livable area: 1,426 sqft
Property
Details
- Parcel number: 311521100012000015
- Zoning: Agri/ Residential
- Zoning description: Agri/ Residential
Features
- Levels: One
- Stories: 1
- Exterior features: Landscaping
- Has view: Yes
- View description: Scenic
Lot
- Lot size: 34.17 Acres
- Features: Secluded
Parking
- Parking features: Barn
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
- Tornado
- Lightning
- Strong Wind
- Winter Weather
- Cold Wave
- Inland Flooding
- Ice Storm
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,562 | $66,744 |
| Home Insurance * | $486 | $5,832 |
| Property Taxes | $796 | $9,552 |
| Electricity | $184 | $2,212 |
| Total | $7,028 | $84,336 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
HailWindHow 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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-15 | Listed for sale | $1,100,000 |
| 2025-09-29 | Listing removed | $3,499,000 |
| 2025-07-22 | Listed for sale | $3,499,000 |
| 2025-07-07 | Listing removed | $3,900,000 |
| 2024-11-04 | Listed for sale | $3,900,000 |
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