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7966 Lake Terrace Ct, Newburgh, IN, 47630

5beds
5baths
5,039sqft
$699,900
$139price/sqft
$4,857/moest. monthly cost
$194,280/yrincome needed

About This Home

This stunning, custom-designed, one-of-a-kind 5-bedroom, 4.5-bath home sits at the end of a quiet cul-de-sac on a picturesque 1.53-acre lot overlooking the lake. Boasting an open floor plan with unmatched quality and design, this home is perfect for entertaining, whether for formal gatherings or casual get-togethers. The grand entry foyer features a soaring two-story ceiling with custom handmade crown and dental molding, complemented by a polished porcelain tile floor. The main level includes a private office with built-in desk and cabinetry, a spacious family room with a double-sided fireplace shared with the sunroom, and a large eat-in kitchen featuring hickory cabinetry, solid surface countertops, a tiled backsplash, and built-in appliances—including double wall ovens, a gas downdraft cooktop, microwave, refrigerator, dishwasher, instant hot and filtered water at the sink, and a walk-in pantry. Also on this level are both formal and casual living and dining areas, as well as a luxurious master suite with a private bath, sitting area, and breathtaking lake views. Upstairs, you’ll find four spacious guest bedrooms, each with a walk-in closet and access to either a hallway guest bath or a Jack-and-Jill bath, which also features a large cedar walk-in storage closet. A generously sized bonus room and a large conditioned storage area offer additional space and can be accessed from inside the home or via a walk-up stairway from the garage for added convenience. Additional features include a conveniently located laundry room just off the garage, an all-brick exterior, lake views from nearly every room, a 4-car attached garage, a security system, built-in speakers in the family room, an AM/FM intercom, a central vacuum system, insulated double-pane windows with built-in blinds, a stacked stone wall around the lake perimeter, and much more. This exceptional home is a must-see! Stop looking and start living at 7966 Lake Terrace Court!

Getting Around

13
WalkingCar-Dependent
0
TransitVery Limited Transit
30
BikeSomewhat Bikeable

Schools

9/10
9/10
Castle High SchoolGrades 9-120.6 mi

Construction

Condition

  • Year built: 1994

Materials

  • Roof: Shingle,Dimensional Shingles
  • Construction materials: Aluminum Siding,Brick,Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Disposal,Dishwasher,Microwave,Refrigerator,Gas Cooktop,Down Draft,Oven-Built-In,Double Oven,Electric Oven,Water Filtration System,Gas Water Heater,Water Softener Owned
  • Laundry features: Electric Dryer Hookup,Main Level,Washer Hookup

Basement

  • Basement: Cellar

Bedroom1

  • Level: Main

Bedroom2

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1
  • Main level bedrooms: 1

Dining Room

  • Level: Main
  • Area: 168

Features

  • Breakfast Bar,Sound System,Bookcases,Built-in Desk,Ceiling-9+,Vaulted Ceiling(s),Cedar Closet(s),Walk-In Closet(s),Countertops-Solid Surf,Crown Molding,Eat-in Kitchen,Entrance Foyer,Kitchen Island,Pantry,Double Vanity,Stand Up Shower,Tub/Shower Combination,Main Level Bedroom Suite,Formal Dining Room,Great Room,Custom Cabinetry
  • Door features: Pocket Doors,Storm Door(s),Insulated Doors
  • Window features: Skylight(s),Double Pane Windows,Insulated Windows,Window Treatments,Blinds
  • Flooring: Hardwood,Carpet,Tile
  • Number of fireplaces: 1
  • Fireplace features: Extra Rm,Living Room
  • Fireplace: Yes
  • Attic: Storage
  • Finished area below ground: 0
  • Finished area above ground: 5,039

Heating & Cooling

  • Heating features: Natural Gas,Forced Air,Multiple Heating Systems,High Efficiency Furnace,Zoned
  • Cooling features: Central Air,Multi Units,Ceiling Fan(s),Zoned

Interior Area

  • Total structure area: 5,039
  • Total interior livable area: 5,039 sqft

Kitchen

  • Level: Main
  • Area: 360

Living Room

  • Level: Main
  • Area: 380

Office

  • Level: Main
  • Area: 210

Property

Details

  • Parcel number: 871223102026.000019
  • Other equipment: Intercom

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Patio,Porch Covered
  • Exterior features: Irrigation System
  • Has spa: Yes
  • Spa features: Jet Tub
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Waterfront,Lake,Waterfront-Level Bank,Assoc,Pond

Lot

  • Lot size: 1.53 Acres
  • Features: Cul-De-Sac,Level,0-2.9999,City/Town/Suburb,Landscaped
  • Lot size dimensions: 325x217 irregular

Parking

  • Total spaces: 4
  • Parking features: Attached,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4

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
  • Winter Weather
    Winter WeatherRelatively High
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Strong Wind
Winter Weather
Earthquake
Heat Wave
Ice Storm
Tornado

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

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 $3,539$42,468
Home Insurance *$401$4,812
Property Taxes $456$5,472
Electricity $461$5,543
Total$4,857$58,284
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$166,525/yr
40% on housing$145,710/yr
45% on housing$129,520/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: 9.4%
9.4%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 5.7%
5.7%
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 47630$168
Warrick County$155

vs Homes Sold Last Month

Median $/sqft

ZIP 47630$158
Warrick County$143

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

DateEventPrice
2026-05-08Price change$699,900
2026-03-15Price change$715,000
2025-09-15Price change$725,000
2025-04-17Price change$749,000
2025-03-16Listed for sale$795,000
2017-10-16Sold$445,000
2017-06-05Price change$469,900
2017-03-24Listed for sale$481,900
2017-01-01Listing removed$485,900
2016-09-03Listed for sale$485,900
2005-01-14Sold$424,000
2002-03-20Sold$398,000

For Sale by Agent

AgentSharon McIntosh
BrokerageF.C. TUCKER EMGE

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