Key facts
- Beds
- 5
- Baths
- 3 full · 1 half
- Living area
- 4,498 sqft
- Lot
- 18.19 acres
- Year built
- 1999
- Type
- Residential · Single Family Residence
- Stories
- Two
- Garage
- 2 spaces
- MLS #
- 22128715
- County
- Owen
- Subdivision
- No Subdivision
- Total building area
- 6,016 sqft
About this home
Set among 18+ acres of wooded countryside in Owen County, this 5-bedroom, 31/2-bath home offers 4,498 sq. ft. of living space, lake frontage, and distinctive architectural character. The home features vaulted ceilings, wood plank ceiling accents, and a turret in the spacious primary bedroom suite. Multiple sitting areas, a large walk-in closet with windows, tub, and walk-in shower add to the suite's appeal. An oversized kitchen provides abundant cabinet and counter space perfect for large family gatherings, a walk-in pantry, and a combined kitchen and dining area, with both the kitchen table and dining table included. Nearby, the family room features a fireplace, while the wraparound covered deck overlooks the lake and surrounding wooded property. Direct lake access and a shared lake offer opportunities to enjoy the water. Outside, a horse barn with 3 stalls and tack room and small fenced pasture complement the substantial wooded acreage. Additional features include an attached 2-car garage, full unfinished walkout basement, roof approximately 3 years old, two hot water heaters, and an included propane generator. With lake views throughout the home, wooded acreage, and room for horses and outdoor recreation, this property offers a setting and combination of features that are hard to find.
Description provided by the listing brokerage.
Interior
- Appliances
- Interior features
- Basement
- Fireplaces
- 1
- Fireplace type
- Laundry
- Rooms
- 10
Exterior
- Exterior features
- Patio and porch
- Construction
- Foundation
- Style
- Parking and garage
- Fencing
- View
- Waterfront
- Other equipment
Systems
- Heating
- Cooling
- Water
- Utilities
Lot and HOA
- Lot features
Schools
- Elementary school
- Spencer Elementary School
- Middle school
- Owen Valley Middle School
- High school
- Owen Valley Community High School
- School district
- Spencer-Owen Community Schools
Taxes
- Estimated annual tax
- $3,350 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2025
Price history
Every listing, price change and sale we have on record for this home.
| Date | Event | Price | $/sq ft |
|---|---|---|---|
| Listed for sale | $724,900 | $161 / sq ft |
Properties displayed may be listed or sold by various participants in the MLS.
Information deemed reliable but is not guaranteed accurate.
© 2026 MIBOR REALTOR® Association
Based on information submitted to the Broker Listing Cooperative listing service as of November 12, 2026
Estimate your monthly payment
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 trustLocation
Open in Google Maps- Address
- 142 Cedar Lane, Spencer, IN 47460
- County
- Owen