Skip to content

656 Jefferson Valley

Coatesville, IN 46121

ActiveListed Mar 26, 2026 · 190 days on market

Key facts

Lot
0.48 acres
Type
Land · Residential Lots
MLS #
22091456
County
Putnam
Subdivision
Heritage Lake

About this home

RARE LAKEFRONT OPPORTUNITY at Heritage Lake! Don't miss your chance to build on one of the last remaining waterfront lots in this highly sought-after private lake community. This 0.47-acre lakefront homesite (approx. 306' x 68') offers the ideal setting for your custom dream home. The lot features a flat, build-friendly front with a slope toward the water, making it perfectly suited for a walkout basement. Enjoy instant access to lake living with a brand-new dock already in place and a concrete path leading directly to the water, everything is set up for you to start enjoying the lake from day one. To make the building process even easier, custom home plans have already been thoughtfully designed by Dunnhaven Homes, giving you a clear vision of what's possible on this homesite. Even better, their team is ready to build, offering a seamless path from purchase to move-in. Whether you're envisioning a full-time lakefront retreat or a weekend getaway, this property delivers the lifestyle you've been waiting for, boating, fishing, peaceful views, and the unmatched charm of Heritage Lake living. Waterfront lots like this are incredibly rare, secure yours before it's gone and start living the lake life!

Description provided by the listing brokerage.

Exterior

View
Lake
Waterfront
Boat SlipDockLake FrontMarina in CommunityWater AccessWaterfront
Other structures
No Building

Systems

Water
Private
Sewer
Public Sewer

Lot and HOA

HOA fee
$321 / annually
Lot features
Rural - SubdivisionStreet Lights
Zoning
RES
HOA fee includes
Association Home OwnersClubhouseMaintenanceNature AreaParkPlaygroundPickleball CourtManagementTennis Court(s)Walking Trails
HOA amenities
Basketball CourtBeach AccessBoatingClubhouseManagementMarinaParkParty RoomPickleball Court(s)Picnic AreaPlaygroundPond Year RoundPoolPowered Boats AllowedTennis Court(s)Trail(s)Maintenance

Schools

Elementary school
Bainbridge Elementary School
Middle school
North Putnam Middle School
High school
North Putnam Sr High School
School district
North Putnam Community Schools

Taxes

Estimated annual tax
$952 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,319per month, estimated
Principal and interest $1,134Property tax $79Insurance $79HOA $27
20% · $44,980
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

Talk to a lender we trust
Talk to Roots

Want us to run the numbers with you?

Book a consultation and a Roots agent will help you pressure-test the payment, repairs, resale, and rent.

Listed at$224,900
Talk to Roots

Ready to plant roots in Indianapolis?

Book a consultation and a Roots agent will help you turn the next move into a real plan.