$250,000

beds

bath

1,463

square ft

5505 N West Shafer Drive

Monticello, Indiana 47960

Closed / MLS #841021 / Single Family / Monticello

Listing information updated 7/29/2026 at 4:44pm

Lake Shafer Opportunity - Lake Rights, Dock & Beautiful Views! Enjoy everything Shafer Lake has to offer from this charming 2-bedroom, 1-bath home with lake rights, a boat dock, jet ski dock, and breathtaking water views. Whether you're looking for a weekend getaway, vacation rental, investment property, or year-round residence, this property offers endless potential. The home could use a little TLC, making it the perfect opportunity for buyers looking to add their own updates and personal touches while building equity. Imagine spending your days boating, fishing, jet skiing, or simply relaxing and enjoying the peaceful lake scenery. With lake access already in place and incredible views that are hard to find, this property is a fantastic opportunity to enjoy the Shafer Lake lifestyle at an affordable price. Bring your vision and make this lakeside retreat your own! Features Include: *2 Bedrooms, 1 Bathroom *Lake Rights *Boat Dock *Jet Ski Dock *Beautiful Lake Views *Great Investment Potential *Weekend Getaway or Full-Time Residence *Opportunity to Add Value with Updates Schedule your private showing today and discover the possibilities this Shafer Lake property has to offer!

Full Features

Basement:

Partially Finished,Storage Space

Beds Above Grade:

Cooling System:

Central Air, Ceiling Fan(s)

Heating System:

Central, Natural Gas, Forced Air

Appliances:

Gas Range, Refrigerator, Microwave

Main Level Primary Bedroom:

Yes

Pool:

Age:

76 Years

Parking Type:

Additional Parking,Gravel

Garage:

Additional Parking,Gravel

Room Count:

Water Front:

Yes

Water Features:

Lake Front, Lake Privileges

Square Feet:

1,463

Lot Size:

0.15 Acres

Acreage:

0.15

Internal Features:

Ceiling Fan(s)

External Features:

Balcony, Patio/Porch

Room Information

Living Room:

15.0 x 12.9 - Main

Kitchen:

14.8 x 11.2 - Basement

Primary Bedroom:

15.0 x 9.5 - Main

2nd Bedroom:

9.4 x 8.6 - Main

Other:

11.1 x 9.8 - Main

Utility Room:

13.5 x 4.11 - Basement

Taxes & Assessments

Tax Amount:

$1,905

Tax Year:

2024

Location

Zip Code:

47960

City:

Monticello

County:

White

Schools

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Basement:

Partially Finished,Storage Space

Beds Above Grade:

Cooling System:

Central Air, Ceiling Fan(s)

Heating System:

Central, Natural Gas, Forced Air

Appliances:

Gas Range, Refrigerator, Microwave

Main Level Primary Bedroom:

Yes

Pool:

Age:

76 Years

Parking Type:

Additional Parking,Gravel

Garage:

Additional Parking,Gravel

Room Count:

Water Front:

Yes

Water Features:

Lake Front, Lake Privileges

Square Feet:

1,463

Lot Size:

0.15 Acres

Acreage:

0.15

Internal Features:

Ceiling Fan(s)

External Features:

Balcony, Patio/Porch

Living Room:

15.0 x 12.9 - Main

Kitchen:

14.8 x 11.2 - Basement

Primary Bedroom:

15.0 x 9.5 - Main

2nd Bedroom:

9.4 x 8.6 - Main

Other:

11.1 x 9.8 - Main

Utility Room:

13.5 x 4.11 - Basement

Tax Amount:

$1,905

Tax Year:

2024

Zip Code:

47960

City:

Monticello

County:

White

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: eXp Realty, LLC

Listing Office Phone: 888.611.3912

Disclaimer: The data relating to real estate for sale on this website comes courtesy of NIRA as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 7/29/2026 at 4:44pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.