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5105 N 50 E Road

Shelbyville, IN 46176

ActiveListed Oct 17, 2026 · 3 days on market

Key facts

Lot
2.33 acres
Type
Land · Residential Lots
MLS #
22132122
County
Shelby
Subdivision
No Subdivision

About this home

Escape from the city and build your dream home on this 2.33 acre lot with water front and access to a private fully stocked lake. This wooded lot, with mature trees on three sides for privacy, is ready for your next home. Relaxing lake side, trolling or rowing your boat, you are sure to enjoy the water in all seasons to come. Situated just 5 miles from downtown Shelbyville, a short drive for easy access to I-74 for commuting, minutes to Caesar's/Indiana Grand and short drives to Hancock, Marion and Decatur counties. A survey is on file, the drive has been created with a base layer and culvert pipe installed at the drive entrance. A perk test has been completed. Soil comp is CrA: Crosby silt loam, New Castle Till, Plain, 0-2% slopes. This property must only be toured by appointment with a licensed Realtor.

Description provided by the listing brokerage.

Exterior

View
Lake
Waterfront
Lake PrivilegesLake FrontWater AccessWater ViewWaterfront
Other structures
No Building

Systems

Sewer
Septic Needed

Lot and HOA

Lot features
Not In SubdivisionRural - Not SubdivisionMature Trees
Zoning
SFR

Schools

Middle school
Shelbyville Middle School
High school
Shelbyville Sr High School
School district
Shelbyville Central Schools

Taxes

Estimated annual tax
$186 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$929per month, estimated
Principal and interest $854Property tax $16Insurance $59
20% · $33,900
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$169,500
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