51198 Aqua Dr, Elkhart, IN, 46514
About This Home
Experience lake life at its finest on one of the most sought-after settings on the lake—the widest channel with over 240 feet of prime waterfront and a rare double lot. This all-sports lake property offers the perfect blend of space, views, and unforgettable entertaining. The standout feature is the detached waterfront garage designed for year-round entertaining—heated and finished with a bar area, TVs, and a convenient half bath. Overhead garage doors open directly to the water, creating seamless indoor-outdoor living and unbeatable views for hosting friends and family. Inside the home, you’ll find expansive lake views from nearly every main living space, including the primary suite, kitchen, living room, and sunroom. The eat-in kitchen flows effortlessly to a large deck—perfect for morning coffee or sunset gatherings overlooking the water. Outside, enjoy peace of mind and low maintenance with a steel seawall and irrigation system, along with plenty of room to expand or simply enjoy the extra space that the double lot provides. Key updates include: New roof (2024),New water softener & reverse osmosis system (2024) New electric-start gas log fireplace,New garage doors & openers (detached garage), Recently serviced HVAC. Whether you’re looking for a full-time residence or the ultimate lakefront retreat, this property delivers exceptional waterfront, unmatched entertaining space, and incredible views in every direction. No homestead exemption currently filed.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1971
Materials
- Roof: Shingle
- Construction materials: Brick,Vinyl Siding
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Disposal,Dishwasher,Refrigerator,Electric Cooktop,Electric Oven
Basement
- Has basement: Yes
- Basement: Unfinished
Bedroom1
- Level: Upper
Bedroom2
- Level: Upper
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- 1st Bdrm En Suite,Ceiling Fan(s),Vaulted Ceiling(s),Walk-In Closet(s),Stone Counters,Crown Molding,Eat-in Kitchen,Entrance Foyer,Kitchen Island,Open Floorplan,Double Vanity,Tub/Shower Combination
- Flooring: Carpet,Tile,Vinyl
- Number of fireplaces: 1
- Fireplace features: Family Room
- Fireplace: Yes
- Attic: Storage
- Finished area below ground: 0
- Finished area above ground: 2,476
Heating & Cooling
- Heating features: Natural Gas,Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 3,100
- Total interior livable area: 2,476 sqft
Property
Details
- Parcel number: 200215106007.000026
- Zoning: R-1
Features
- Levels: Multi-Story (3+)
- Patio & porch: Screened
- Exterior features: Irrigation System
- Fencing: None
- Has view: Yes
- On waterfront: Yes
- Waterfront features: Waterfront,Waterfront-Level Bank,Deck on Waterfront,Canal Front,Ski Lake,Lake
- Waterbody name: Simonton Lake
- Frontage length: Channel/Canal Frontage(244),Water Frontage(244)
Lot
- Lot size: 0.63 Acres
- Features: Lake,Landscaped
- Lot size dimensions: 110X255
Parking
- Total spaces: 2
- Parking features: Attached,Garage Door Opener,Heated Garage,Concrete
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- 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
- Cold Wave
- Hail
- Strong Wind
- Tornado
- Winter Weather
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 | $4,105 | $49,260 |
| Home Insurance * | $429 | $5,148 |
| Property Taxes | $1,023 | $12,276 |
| Electricity | $226 | $2,723 |
| Total | $5,783 | $69,396 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
WildfireHailWindHow 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 |
|---|---|---|
| 2026-03-21 | Listed for sale | $875,000 |
| 2025-05-20 | Listing removed | $798,000 |
| 2025-05-15 | Listed for sale | $798,000 |
| 2024-05-17 | Sold | $700,000 |
| 2024-04-25 | Pending sale | $650,000 |
| 2024-01-31 | Price change | $650,000 |
| 2024-01-05 | Listed for sale | $875,000 |
View on Zillow