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7185 N 1150 W, Shipshewana, IN, 46565

3beds
3baths
3,240sqft
$525,000
$162price/sqft
$3,384/moest. monthly cost
$135,360/yrincome needed

About This Home

Located on peaceful Stone Lake, this stunning home offers scenic water views, private lake frontage, and spacious living across three levels. Well-maintained with high-quality finishes throughout, this is the perfect spot for seasonal enjoyment or year-round living. The main level welcomes you with a bright, open-concept kitchen and living area highlighted by vaulted ceilings, a wall of windows, and a cozy wood stove that creates a warm gathering space throughout the seasons. Sliding doors lead to an elevated three-season porch and aluminum outdoor deck with a power awning overlooking the water, where you can sip your coffee, entertain, or unwind with your favorite book while taking in the lake views in comfort. The flexible layout adapts well to a variety of lifestyles; the lower entry level offers a spacious mud room, a bedroom (or cool game room) and storage, while the loft level provides an ideal setting for a home office, studio, reading area, or guest space. Spacious rooms throughout the home allow for multiple uses depending on your needs, and abundant closets and storage areas make organization easy. Across the street, the property includes approximately 50 feet of private lake frontage on quiet, no-wake Stone Lake along with a dock, firepit, and seating. The lake is known for calm waters that are ideal for kayaking, canoeing, paddleboarding, and fishing, making it a relaxing destination for year-round enjoyment. The outdoor areas are thoughtfully designed for low-maintenance living with retaining walls, perennial landscaping, and a special pet-friendly fenced backyard. Raised organic beds and a rainwater collection system are a gardener's dream. The large heated shed offers excellent workspace for hobbies, projects, storage, or a unique hangout spot. And the attached 2-car garage offers convenient parking and additional room for equipment or lake gear. Have peace of mind if bad weather strikes with a whole home generator. Located just minutes from the shops, restaurants, and attractions of Shipshewana, IN this Stone Lake property combines peaceful lake living with easy access to local amenities. Whether used as a full-time residence or a seasonal retreat, this home offers comfortable space, beautiful lake views, and private water access in a quiet lakeside setting.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
32
BikeSomewhat Bikeable

Schools

7/10
Westview Jr-Sr High SchoolGrades 7-1210.4 mi
7/10

Construction

Condition

  • Year built: 2008

Materials

  • Roof: Shingle
  • Construction materials: Stone,Fiber Cement

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

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

Basement

  • Has basement: Yes
  • Basement: Partial,Partially Finished,Exterior Entry

Bedroom1

  • Level: Main

Bedroom2

  • Level: Upper

Bedrooms & Bathrooms

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

Dining Room

  • Level: Main

Features

  • Breakfast Bar,Stone Counters,Sauna
  • Flooring: Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Living Room,Wood Burning Stove
  • Fireplace: Yes
  • Finished area below ground: 1,008
  • Finished area above ground: 2,232

Heating & Cooling

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

Interior Area

  • Total structure area: 3,528
  • Total interior livable area: 3,240 sqft

Kitchen

  • Level: Main

Property

Details

  • Parcel number: 440418400000.010017

Features

  • Levels: Multi-Story (3+)
  • Patio & porch: Deck
  • Fencing: Chain Link,Picket
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Waterfront,Waterfront-Level Bank,Pier/Dock,Frontage Lot,Non Ski Lake,Lake
  • Waterbody name: Stone Lake
  • Frontage length: Channel/Canal Frontage(0),Water Frontage(50)

Lot

  • Lot size: 6,969 sqft
  • Features: Sloped,Lake
  • Lot size dimensions: 51X100 AND 50 X 14

Parking

  • Total spaces: 2
  • Parking features: Basement,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

  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Cold Wave
Hail
Inland Flooding
Lightning
Winter Weather

FEMA Declared Disasters Across Indiana Counties

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 $2,654$31,848
Home Insurance *$268$3,216
Property Taxes $165$1,980
Electricity $297$3,564
Total$3,384$40,608
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$116,022/yr
40% on housing$101,520/yr
45% on housing$90,240/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: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$162This listing

vs Other Active Listings

Avg $/sqft

ZIP 46565$148
LaGrange County$164

vs Homes Sold Last Month

Median $/sqft

ZIP 46565
LaGrange County$123

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
2026-03-07Listed for sale$537,900
2025-11-24Listing removed$539,900
2025-08-03Price change$539,900
2025-07-04Price change$544,900
2025-06-18Price change$549,900
2025-05-30Listed for sale$559,900
2021-12-01Sold$410,000
2021-10-08Pending sale$399,900

For Sale by Agent

AgentCynthia Trapp
BrokerageCressy & Everett - South Bend

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