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7183 Ellis Lake Road

Paragon, IN 46166

PendingListed Jun 18, 2026 · 105 days on market

Key facts

Beds
3
Baths
2 full · 1 half
Living area
4,004 sqft
Lot
100 acres
Year built
2022
Type
Residential · Single Family Residence
Stories
One and one half
Garage
2 spaces
MLS #
22108634
County
Owen
Subdivision
No Subdivision

About this home

A once in a lifetime 107 acre private retreat featuring a stunning 15-16 acre lake, 25 acres of tillable farmland, a 5 acre hay field, 43 wooded acres with ATV trails and 18 acres of park-like greenspace complete with a 1,650' grass runway and airplane hangar. Built in 2022, the 4,004 square foot main home offers 3 bedrooms, 2.5 baths, soaring 18' Great room ceilings, an expansive open-concept design, and a covered veranda overlooking the lake. Guests will enjoy a matching 2 bedroom guest house, rustic lakeside cabin, and extensive amenities including a airplane hangar with bunkhouse, shower house, machinery barn, livestock barn, skeet range, pavilion, fiber internet, city water and backup generators. A truly extraordinary recreational, aviation and legacy property.

Description provided by the listing brokerage.

Interior

Appliances
Electric CooktopDishwasherDryerGas Water HeaterExhaust FanElectric OvenRange HoodRefrigeratorWasherWine Cooler
Interior features
High CeilingsTray Ceiling(s)Kitchen IslandEntrance FoyerHi-Speed Internet AvailblIn-Law FloorplanEat-in KitchenPantrySmart ThermostatStorageWired for SoundWalk-In Closet(s)Wet BarWood Work Stained
Kitchen
Kitchen Updated
Other rooms and areas
Bath Jack-n-JillGreat Room - 2 Story
Flooring
Hardwood
Fireplaces
2
Fireplace type
Blower FanGas LogGreat RoomOutside
Windows
ScreensLow-Emissivity Windows
Rooms
10
Main-level bedrooms
2

Exterior

Exterior features
Barn PoleCarriage/Guest House
Patio and porch
CoveredPatioScreened
Construction
Cement SidingStone
Foundation
Concrete Perimeter
Style
Traditional
Parking and garage
AttachedAsphaltAggregateGarage Door Opener
View
LakePastureRuralTrees/Woods
Waterfront
Lake Front
Other structures
Outbuilding
Other equipment
Security System OwnedSmoke Alarm

Systems

Heating
Forced AirPropane
Cooling
Central Air
Water
Public
Utilities
Septic System

Lot and HOA

Lot features
Not In SubdivisionRural - Not SubdivisionMature TreesWooded

Schools

Middle school
Owen Valley Middle School
High school
Owen Valley Community High School
School district
Spencer-Owen Community Schools

Taxes

Estimated annual tax
$8,388 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$18,489per month, estimated
Principal and interest $16,635Property tax $699Insurance $1,155
20% · $660,000
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.

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Listed at$3,300,000
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