Residential For Sale

201 Spectacle Drive, Valparaiso, Indiana

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Property Description

AUCTION! Here is a rare opportunity to own a private waterfront property offering over 5,600 square feet of living space with 7 bedrooms & 10 bathrooms! The flexible living space is designed for gathering, relaxation, privacy and everyday comfort. Configured as three fully independent living environments, this unique property is ideal for multi-generational living, extended guests, effortless weekend escapes or full-time lake living where vacation memories are made year-round, all within one cohesive residence. “1 hour from downtown Chicago” this 3-story Victorian Lake House retreat home built in 1992 is peacefully tucked just outside the city limits of North Valparaiso, only minutes from the I-80/90 (approximately 4 miles) expressway and the nearby South Shore Line. At the heart of the home is a huge gathering kitchen designed to bring everyone together, complemented by multiple living and entertaining areas ideal for relaxing, gaming, or simply enjoying the magnificent lake views. Embrace the serenity of the wooded setting from dramatic 10-foot, 9-foot, and 8-foot ceilings, combined with four vintage fireplaces that create warmth, character, and architectural charm throughout. The main residence offers 5 bedrooms and 8 bathrooms, with each bedroom featuring its own private en-suite bath for exceptional comfort and privacy. A convenient 3/4 bath located near the beach entrance provides the perfect space to rinse off after swimming, boating, or enjoying the lake. In addition to the expansive main residence, the property includes two attached private in-law apartments, each with separate exterior entrances and private deck access. Both spacious, well-appointed apartments include a bedroom with walk-in closet, full bath, kitchen, pantry, and living area–ideal for guests, extended family, or flexible living arrangements. Lifestyle features include two laundry rooms, an exterior-accessed workshop and large private office ideal for remote work or creative pursuits.

Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : NRA840160
Price : $499,900
Bedrooms : 7
Rooms : 20
Bathrooms : 8
Half Bathrooms : 2
Square Footage : 5,602 Sqft
Year Built : 1992
Lot Area : 9,147.60 Sqft
Status : Active
Acres : 0.21
Property Subtype 1 : Single Family Residence
Status : Active
Features
Heating System : Hot Water, Natural Gas
Fireplace : 4
Parking : Attached, Garage Door Opener, Driveway, Garage Faces Side, Asphalt
Exterior Features : Storage, Balcony, Rain Gutters, Private Yard
Interior Features : Other, Ceiling Fan(s), Granite Counters, Walk-in Closet(s), High Ceilings, Eat-in Kitchen, Pantry, Double Vanity, His And Hers Closets, Entrance Foyer, Kitchen Island
Appliances
Appliances : Microwave, Dryer, Range Hood, Refrigerator, Washer, Other, Dishwasher, Water Softener Owned, Gas Range, Stainless Steel Appliance(s), Gas Water Heater
Address Map
Country : US
State : IN
County : Porter
City : Valparaiso
Street : Spectacle
Street Number : 201
Street Suffix : Drive
Postal Code : 46383
Floor Number : 0
Longitude : W88° 56' 29.3''
Latitude : N41° 30' 47.9''
Directions : From the corner of Campbell St. & Spectacle Dr., East on Spectacle Dr., property on the left side of the street.
Subdivision : Ericksons Spectacle Lake Sub
Township : Center
MLS Addon
Office Name : Kraft Real Estate Services, LL
Listing Agent MLS ID : NRA3909
Listing Office MLS ID : NRA2052
Annual Tax Amount : $4,592
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Tax Year : 2025
Residential For Sale
  • Listing ID : NRA840160
  • Bedrooms : 7
  • Bathrooms : 8
  • Square Footage : 5,602 Sqft
$499,900
Agent info
Dan Kelley
Remax County Wide 1st
814 E LaSalle South Bend, IN 46617
Contact Agent