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518 Lincolnway Way W, Mishawaka, IN, 46544

5beds
7baths
4,141sqft
$575,000
$139price/sqft
$4,040/moest. monthly cost
$161,600/yrincome needed

About This Home

Perched above the scenic St. Joseph River and overlooking Mishawaka's iconic Riverwalk, this extraordinary Victorian estate offers a rare opportunity to own one of Northern Indiana's most significant historic homes. Meticulously restored, this Queen Anne Stick Style residence seamlessly blends timeless architectural character with modern luxury. Recognized as Mishawaka's oldest Queen Anne Stick Style Victorian, the home dates back to the city's historic "Millionaire's Row" and showcases remarkable original details, including crystal doorknobs, skeleton-key locks, beveled glass windows, inlaid hardwood floors, handcrafted millwork, and grand staircases. With more than 4,100 finished square feet, the home features five spacious bedrooms, five en-suite baths, two half baths, and a flexible sixth room on the finished garden level—ideal for a guest suite, office, library, or fitness room. Elegant formal living and dining rooms, soaring ceilings, and abundant natural light create an inviting atmosphere throughout. The beautifully updated kitchen opens to a spacious Breakfast Parlor with stunning views of the St. Joseph River and Riverwalk, making it the perfect gathering space. The spectacular 650-square-foot third-floor River Suite offers unmatched privacy and panoramic river views, making it an exceptional owner's retreat, guest suite, or executive office. Extensively restored from top to bottom, the home features a new roof, siding, windows, plumbing, HVAC systems, insulation, flooring, water heaters, and a 400-amp electrical service, delivering the comfort and efficiency of modern construction while preserving its historic charm. Additional highlights include multiple laundry areas, generous storage, and a heated, insulated garage with epoxy flooring, built-in cabinetry, workshop space, and room for collector vehicles. Enjoy direct access to the Riverwalk, breathtaking waterfront views, and a location adjacent to Marvin's Gardens memorial park. Downtown Mishawaka's restaurants, parks, and entertainment are all within walking distance. More than a residence, 518 Lincolnway East is a true landmark—offering an exceptional blend of history, craftsmanship, thoughtful restoration, and one of Mishawaka's most desirable riverfront locations. Opportunities to own a home of this significance are exceptionally rare.

Getting Around

74
WalkingVery Walkable
0
TransitVery Limited Transit
68
BikeBikeable

Schools

4/10
Emmons Elementary SchoolGrades K-60.9 mi
5/10
4/10
Mishawaka High SchoolGrades 9-120.7 mi

Construction

Condition

  • Year built: 1898

Materials

  • Construction materials: Wood Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Refrigerator,Washer,Dryer-Electric,Dryer-Gas,Electric Range,Water Softener Owned

Basement

  • Has basement: Yes
  • Basement: Full,Partially Finished

Bedroom1

  • Level: Main

Bedroom2

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 7
  • Full bathrooms: 5
  • 1/2 bathrooms: 2
  • Main level bedrooms: 1

Dining Room

  • Level: Main
  • Area: 195

Features

  • Number of fireplaces: 1
  • Fireplace features: Living Room
  • Fireplace: Yes
  • Finished area below ground: 1,068
  • Finished area above ground: 3,073

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 4,141
  • Total interior livable area: 4,141 sqft

Kitchen

  • Level: Main
  • Area: 182

Living Room

  • Level: Main
  • Area: 210

Property

Details

  • Parcel number: 710915151008.000023

Features

  • Levels: Three Story
  • Stories: 3
  • Has view: Yes
  • On waterfront: Yes
  • Waterfront features: Waterfront,None,River
  • Waterbody name: Saint Joseph River
  • Frontage length: Water Frontage(66)

Lot

  • Lot size: 0.30 Acres
  • Lot size dimensions: 64x204

Parking

  • Total spaces: 2
  • Parking features: Detached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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

  • Cold Wave
    Cold WaveModerate

How This Home’s Risks Compare

Cold Wave

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm

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 $2,907$34,884
Home Insurance *$347$4,164
Property Taxes $407$4,884
Electricity $379$4,555
Total$4,040$48,480
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$138,514/yr
40% on housing$121,200/yr
45% on housing$107,733/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: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 3.6%
3.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$139This listing

vs Other Active Listings

Avg $/sqft

ZIP 46544$108
St. Joseph County$163

vs Homes Sold Last Month

Median $/sqft

ZIP 46544$137
St. Joseph County$131

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

DateEventPrice
2026-06-26Listed for sale$575,000

For Sale by Agent

AgentAdam Pendl
BrokerageeXp Realty, LLC

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