2140 S 500 E, Lagrange, IN, 46761
About This Home
A truly exceptional property in LaGrange County two parcels totaling 40 acres with an impressive 1,200 feet of lakefront on beautiful Royer Lake and over 3,000 feet of combined road frontage (more than 2,000 feet on one side and 1,000 feet on the other). This property offers a rare blend of rolling farmland, mature trees and serene waterfront, making it an ideal setting for recreation, investment, or development. Currently zoned Agricultural and under cultivation, it provides both income potential and flexibility for future use. Included on the property is a 1,120 sq. ft. home featuring 2 bedrooms, 1 bath, on a walkout basement already plumbed for second bathroom. The home is positioned to take in the quiet, rural surroundings and offers an excellent opportunity for guest quarters, or a temporary residence while you plan your dream build. Royer Lake is a peaceful, non-ski lake known for its great fishing and connection to Fish Lake, offering the best of quiet lake living with expansive land to roam. With its combination of prime lake frontage, extensive road access, and natural beauty, this is truly a once-in-a-lifetime opportunity in northern Indiana. Whether you’re looking for a private retreat, working farm, or investment property, this one checks every box. Call today to schedule a private tour.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1983
Materials
- Roof: Metal
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Full,Walk-Out Access,Unfinished,Concrete
Bedroom1
- Level: Main
Bedroom2
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Features
- Eat-in Kitchen
- Finished area below ground: 0
- Finished area above ground: 1,120
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 2,240
- Total interior livable area: 1,120 sqft
Property
Details
- Parcel number: 441002200004.000010
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- On waterfront: Yes
- Waterfront features: Waterfront,Lake,Lake Front,Non Ski Lake
- Waterbody name: Royer Lake
- Frontage length: Channel/Canal Frontage(0),Water Frontage(1200)
Lot
- Lot size: 40 Acres
- Features: Few Trees,Rolling Slope,15+,Rural
- Lot size dimensions: 2065x1015
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
- Cold Wave
- Hail
- Inland Flooding
- Lightning
- Tornado
- Drought
- 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 | $6,725 | $80,700 |
| Home Insurance * | $702 | $8,424 |
| Property Taxes | $904 | $10,848 |
| Electricity | $184 | $2,212 |
| Total | $8,515 | $102,180 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-27 | Listed for sale | $1,330,000 |
| 2026-04-29 | Listing removed | $1,980,000 |
| 2026-03-16 | Price change | $1,980,000 |
| 2025-10-29 | Listed for sale | $2,400,000 |
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