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781 E Willow Ln, Wawaka, IN, 46794

5beds
4baths
4,301sqft
$1,099,000
$256price/sqft
$7,050/moest. monthly cost
$282,000/yrincome needed

About This Home

One of Tamarack Lake’s most exceptional properties—nearly 2 acres & 300 feet of frontage for a private, spacious lakefront lifestyle perfect for gathering, entertaining, & enjoying the water. Inside, natural light floods through a wall of windows, highlighting the open-concept design & stunning water views. The main level is ideal for everyday living & easy entertaining, anchored by a spacious living room w/ gas log fireplace & built-in bookshelves. The eat-in kitchen features abundant cabinetry, quartz countertops, custom backsplash, touch faucet, Frigidaire appliances, pantry, & a wraparound breakfast bar connecting to the casual dining nook. Beyond, the hearth room offers an additional fireplace & more lake views—ideal for relaxing evenings. The primary suite on the main level is a retreat, with a tray ceiling, fireplace, walk-in closet, & a spacious ensuite bath with heated tile floors, dual sinks, walk-in shower, & jetted corner tub. An office (or extra bedroom), full shared bath, & laundry room w/ attic access complete the main floor. The finished walk-out lower level expands living space with a full kitchen & bar area (SS GE appliances), large rec room, full bath w/ heated tile floors, 3 additional bedrooms, & a half bath—perfect for guests or extended stays. Built in 2005, this custom 5-bedroom, 3.5-bath home features 9’/10’ ceilings, central vac, geothermal HVAC, two water heaters (instant hot water, constant pressure), high-efficiency propane (dryer & fireplaces), ice maker w/ dedicated water line, surround sound inside & out, & 6” exterior foam-insulated walls. Outside, multiple living spaces invite enjoyment—elevated deck, covered & open walk-out patios, three swings & a glider, plus a firepit at the water’s edge. The 1.97-acre lot offers ample room for outdoor activities & entertaining. Located on a private lane in a peaceful setting, the home sits on Tamarack Lake—part of the West Lakes Chain (including Steinberger, Jones, Waldron) & connected to the Elkhart River. Known for excellent fishing, sandy shoreline swimming, & access to ski lake Waldron, it offers a versatile lake experience. The exterior boasts brick construction, professional landscaping, attached 2-car garage, insulated detached garage, two sheds, trailer/camper hookup, & a custom playhouse w/ electricity. If you’ve been waiting for a standout Tamarack Lake property—this is it.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
37
BikeSomewhat Bikeable

Schools

2/10
3/10
East Noble Middle SchoolGrades 6-87.8 mi
6/10
East Noble High SchoolGrades 9-128.6 mi

Construction

Condition

  • Year built: 2005

Materials

  • Foundation: Slab
  • Roof: Shingle
  • Construction materials: Concrete,Shingle Siding,Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Disposal,Range/Oven Hook Up Elec,Dishwasher,Microwave,Refrigerator,Washer,Electric Cooktop,Dryer-Gas,Freezer,Ice Maker,Electric Oven,Electric Range,Water Filtration System,Electric Water Heater,Water Softener Owned
  • Laundry features: Gas Dryer Hookup,Sink,Main Level,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Daylight,Full,Walk-Out Access,Finished,Concrete

Bedroom1

  • Level: Main

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1
  • Main level bedrooms: 2

Dining Room

  • Level: Main
  • Area: 168

Family Room

  • Level: Basement
  • Area: 308

Features

  • Bar,Sound System,Bookcases,Ceiling Fan(s),Central Vacuum,Walk-In Closet(s),Countertops-Solid Surf,Eat-in Kitchen,Entrance Foyer,Kitchen Island,Open Floorplan,Pantry,Double Vanity,Wet Bar,Tub and Separate Shower,Tub/Shower Combination,Main Level Bedroom Suite,Formal Dining Room,Great Room
  • Window features: Window Treatments,Blinds
  • Flooring: Hardwood,Carpet,Tile
  • Number of fireplaces: 3
  • Fireplace features: Family Room,Living Room,1st Bdrm,Electric,Basement,Three +
  • Fireplace: Yes
  • Attic: Storage,Walk-up
  • Finished area below ground: 2,000
  • Finished area above ground: 2,301

Heating & Cooling

  • Heating features: Geothermal
  • Cooling features: Geothermal

Interior Area

  • Total structure area: 4,602
  • Total interior livable area: 4,301 sqft

Kitchen

  • Level: Main
  • Area: 208

Living Room

  • Level: Main
  • Area: 440

Property

Details

  • Parcel number: 570418200048.000010

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered,Patio
  • Exterior features: Balcony,Fire Pit,Workshop,Boat Lift-Covered
  • 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,Pier/Dock,Lake Front,Access to Ski Lake
  • Waterbody name: Tamarack Lake
  • Frontage length: Channel/Canal Frontage(0),Water Frontage(300)

Lot

  • Lot size: 1.97 Acres
  • Features: Level,Rolling Slope,Sloped,0-2.9999,Lake,Landscaped
  • Lot size dimensions: 300 x 425

Parking

  • Total spaces: 2
  • Parking features: Attached,Garage Door Opener,RV Access/Parking,Garage Utilities,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 WindVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Tornado
    TornadoRelatively High
  • Drought
    DroughtModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Cold Wave
Hail
Tornado
Drought
Inland Flooding
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 $5,557$66,684
Home Insurance *$516$6,192
Property Taxes $583$6,996
Electricity $394$4,731
Total$7,050$84,600
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$241,714/yr
40% on housing$211,500/yr
45% on housing$188,000/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: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$256This listing

vs Other Active Listings

Avg $/sqft

ZIP 46794$89
Noble County$115

vs Homes Sold Last Month

Median $/sqft

ZIP 46794$190
Noble County$158

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
2026-04-20Listed for sale$1,099,000
2025-11-24Listing removed$1,099,000
2025-11-01Listed for sale$1,099,000
2025-11-01Listing removed$1,099,000
2025-09-23Listed for sale$1,099,000

For Sale by Agent

AgentAngela Racolta
BrokerageEncore Sotheby's International Realty

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