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1300 Court St, Winona Lake, IN, 46590

5beds
6baths
4,596sqft
$1,995,000
$434price/sqft
$12,764/moest. monthly cost
$510,560/yrincome needed

About This Home

Rainbow Point, A Historic Lakeside Treasure. Perched on the serene waters of Winona Lake, Rainbow Point invites both contemplative retreats and celebratory gatherings. Just as it did in the early 20th century. Originally a charming Gothic Revival cottage built around 1900, the home was purchased and transformed by famed song leader Homer Rodeheaver in 1920. During his ownership, Rainbow Point became a gathering place for influential figures, including Billy Graham, Will Rogers, J. Edgar Hoover, John Philip Sousa, and songwriters Virgil and Blanche Brock, who penned "Beyond the Sunset" on the front porch. Timeless architectural details remain throughout, including a spacious enclosed porch opening through French doors into the living and dining rooms, double-brick quarry-faced fireplaces, rich wainscoting, and exceptional historic craftsmanship. Upstairs, five bedrooms surround a light-filled pine-paneled sunroom, while two-tiered wooden decks capture the nostalgic charm of a lakeside cottage house from years gone by. An extraordinary blend of cultural heritage, lake living, and modern village amenities, made of historic roots and a modern heart. Rainbow Point is nestled within the thriving Village at Winona, a thoughtfully curated lakeside enclave merging historic charm with contemporary enjoyment. An enjoyable community of 20+ boutique shops and eateries, welcoming residents, guests, and pets. Seasonal and year-round events offer a wide variety of entertainment. Art fairs, JazzFest, farmers’ markets, bike festivals, and the beloved Miller Sunset Pavilion, which hosts concerts, markets, ice-skating, and weddings amid lakeside views. A 9-mile greenway and trail system weaving through wooded paths and lakefront promenades, ideal for lakefront strolls. Limitless Park, an inclusive playground designed for all ages, alongside Bibler Park, with scenic seating and fishing access. Numerous lively holiday events are hosted here each year. All within an hour commute to Fort Wayne, South Bend, and just over a couple of hours from Chicago and the Indianapolis areas. With lake-facing decks, a boat dock, expansive outdoor living spaces, and a setting steeped in history, this is more than a home. It is a legacy property where history, community, and the Winona Lake lifestyle come together.

Getting Around

59
WalkingSomewhat Walkable
0
TransitVery Limited Transit
48
BikeSomewhat Bikeable

Schools

6/10
8/10
Lakeview Middle SchoolGrades 7-81.3 mi
9/10

Construction

Condition

  • Year built: 1904

Materials

  • Roof: Shingle
  • Construction materials: Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Disposal,Range/Oven Hook Up Elec,Dishwasher,Microwave,Refrigerator,Washer,Dryer-Electric,Electric Range
  • Laundry features: Electric Dryer Hookup,Main Level,Washer Hookup

Basement

  • Basement: Crawl Space

Bedroom1

  • Level: Upper

Bedroom2

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 6

Dining Room

  • Level: Main
  • Area: 195

Family Room

  • Level: Upper
  • Area: 520

Features

  • 1st Bdrm En Suite,Bookcases,Ceiling Fan(s),Walk-In Closet(s),Kitchen Island,Double Vanity,Stand Up Shower,Formal Dining Room
  • Window features: Double Pane Windows
  • Flooring: Hardwood,Carpet,Tile,Vinyl
  • Number of fireplaces: 2
  • Fireplace features: Two,Insert
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 4,596

Heating & Cooling

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

Interior Area

  • Total structure area: 4,596
  • Total interior livable area: 4,596 sqft

Kitchen

  • Level: Main
  • Area: 360

Living Room

  • Level: Main
  • Area: 651

Property

Details

  • Parcel number: 431116200443.000033
  • Zoning: R1

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck,Enclosed
  • Fencing: Metal
  • Has view: Yes
  • On waterfront: Yes
  • Waterfront features: Waterfront,Pier/Dock,Lake Front,Ski Lake,Lake
  • Waterbody name: Winona Lake
  • Frontage length: Channel/Canal Frontage(0),Water Frontage(198)

Lot

  • Lot size: 0.36 Acres
  • Features: City/Town/Suburb,Lake,Landscaped,Near Walking Trail
  • Lot size dimensions: 109x118x198x55

Parking

  • Total spaces: 3
  • Parking features: Detached,Garage Door Opener,Concrete
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3
  • 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
    Cold WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Tornado
Lightning
Winter Weather

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 $10,087$121,044
Home Insurance *$901$10,812
Property Taxes $1,355$16,260
Electricity $421$5,055
Total$12,764$153,168
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$437,622/yr
40% on housing$382,920/yr
45% on housing$340,373/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: 8.7%
8.7%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 5.5%
5.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$434This listing

vs Other Active Listings

Avg $/sqft

ZIP 46590$234
Kosciusko County$181

vs Homes Sold Last Month

Median $/sqft

ZIP 46590$142
Kosciusko County$150

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
2026-06-12Listed for sale$1,995,000

For Sale by Agent

AgentBrian Peterson
BrokerageBrian Peterson Real Estate

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