Peri Mason

2140 S 500 E

Lagrange, IN
$ 1,330,000 Beds 2 Baths 1 Sq 1,120 Virtual Tour
Monthly Estimate* How much can I afford?

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 youre looking for a private retreat, working farm, or investment property, this one checks every box. Call today to schedule a private tour.

Single Family

  • Price
  • $ 1,330,000
  • City
  • Lagrange
  • Bedrooms
  • 2
  • Full Bathrooms
  • 1
  • County
  • LAGRANGE
  • Half Bathrooms
  • 0
  • Area
  • Johnson
  • Lot Size
  • 40 Acres
  • Zip
  • 46761
  • Sqr Footage
  • 1,120
  • Year Built
  • 1983
  • Taxes
  • $ 1776
  • Style
  • Site-Built Home
  • MLS#
  • 202630213
Listed By: Marlynn Mast with Keller Williams Realty Group; marlynnmast@gmail.com
Data Source: Indiana Regional MLS (IRMLS)

Features

General

Sewer Septic
Heating Forced Air
Cooling Central Air
Laundry Y/N Main
Fireplaces No
Water Access Type Lakefront
Amenities Eat-In Kitchen
Status Active
Full Baths 1
Bathrooms 1
Year Built 1983
New Construction No
Subdivision None
Style One Story
Township Johnson
Class RESIDENTIAL
Type Site-Built Home
Age 43
FIPS Code 18087
REO No
Status Active
Auction Y/N No
Annual Taxes 1776
Area LaGrange County
Location Rural
High School Lakeland Jr/Sr
City Lagrange
School District Lakeland School Corp
Assoc. Dues Frequency Not Applicable
Total Sq Ft 2240
Elementary School Lakeland Primary
Middle School Lakeland Intermediate
Legal Description OUT N PT NE 1/4 3A NPTFRL NE 1/4 LESS NW COR 37A
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202630213
Agent First Name Marlynn
Agent Last Name Mast
DOM 45
Tax Year 2024
PROPOSED FINANCING Cash,Conventional

Interior Features

Basement Full Basement,Walk-Out Basement,Unfinished
Beds 2
Total Rooms 5
Full Baths Main 1
Total Finished SqFt 1120
Basement Y/N Yes
Above Grade Bedrooms 2
1st Bedroom Level Main
1st Bedroom Width 18
2nd Bedroom Length 10
2nd Bedroom Level Main
2nd Bedroom Width 12
Above Grade Finished SqFt 1120
Below Grade Unfin. SqFt 1120
Basement Material Poured Concrete

Exterior Features

Exterior Vinyl
Water Frontage 1200
Pool No
Waterfront Lake
Lot Size Area 1742400
Lot Dimensions 2065x1015
Lot Description Partially Wooded,Rolling,Waterfront,15+,Lake,Water View
Well Type Private
Water Name Royer Lake
Approx. Lot Size Acres 40
ROOF MATERIAL Metal
Lake Non Ski Lake
Waterfront Y/N Yes
Garage Y/N No

Amenities

  • Foreclosure
  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the South Bend, IN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Lakeland Primary Elementary School
Middle School Lakeland Intermediate Middle School
High School Lakeland Jr/Sr High School

Price History

7/27/2026 Listed $1,330,000

Property vs Zip Code Average in 46761

Price
AVG $410K
$1.33M
Taxes
AVG $1,614
$1,776
Year Built
AVG 1955
1983
Visits
AVG 43
10
Data Provided by Inside Real Estate®

Areas That We Cover

2140 S 500 E Lagrange, IN is a Single Family Home for sale at $1330000 with 1120 sqft and a lot size of 40 Acres Acre(s). 2140 S 500 E Lagrange has 2 bedrooms, 1 baths and was built in 1983. The property's zip code is 46761 which is in Lagrange, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Peri Mason

Peri Mason

574-400-9194

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