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4849 E Indiana Beach Rd, Monticello, IN 47960
About this home
This well-kept, money making resort is ideally located on the main roads to both Indiana Beach & Shafer Lake. Property is situated on Main Lake Shafer and consists of 6 Cottages with kitchens & BBQ Grills (5 x 2 bed/1 bath & 1 one bed/one bath). 'Hotel' building is made up of 5 units (3 with kitchenettes). Office and lobby also feature an adjoined 2 bed/2 bathroom living area which could be a 12th rental unit or for the owner operator's use. This unit features an XL living room with a fireplace. Nice in-ground pool offers a very large, spacious lounging patio and there is also a waterside picnic area. Property also boasts a one car garage/storage building and laundry facility for towels and linens. Sellers would also be willing to consider a package deal on the 2 unit/house & cottage property next door to this listing (MLS #201703632). Sellers also open to considering a short-term contract sale with adequate money down. * * PRE-APPROVED BUYERS ONLY PRIOR TO SEEING PROPERTY; CONTRACT BUYERS MUST PROVIDE PROOF OF FUNDS FOR SUFFICIENT DOWN-PAYMENT PRIOR TO SEEING PROPERTY. * *
Redfin Estimate
Market trends in 47960, IN
Last updated September 2026
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Provided by Redfin
Sale history for 4849 E Indiana Beach Rd
$42/sq ft
$48/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Property details
Parking
- Parking/Garage Information
- Parking Features: Gravel, Parking Lot
Interior
- Virtual Tour
- Bathroom Information
- # of Full Bathrooms: 13
- # of Main Level Bathrooms: 18
- Heating & Cooling
- Has Cooling
- Cooling: Wall Unit(s)
- Has Heating
- Heating: Baseboard, Electric
- Interior Features
- Flooring: Carpet, Tile, Vinyl
- Room Information
- Basement Details: Crawl Space
Exterior
- Exterior Features
- Roof: Shingle
- Pool Information
- Has Private Pool
- Pool Features: In Ground
- Building Information
- Above Grade Finished Area: 5,424
- Construction Materials: Block, Vinyl Siding
- Property Features
- On Waterfront
- Waterfront Features: Lake Front, Lake
- Has View
- Pets Allowed: Yes
- Property Information
- Property Type: Residential Income
- Raw Mls Property Sub Type: Other
- Lot Information
- Lot Features: Level, Waterfront
- Frontage Type: Waterfront
- Water Body Name: Lake Shafer
- Lot Size Dimensions: 150 x 172
- Lot Size Acres: 0.59
Location
- Schools Information
- School District: Twin Lakes School Corp.
- Elementary School: Meadowlawn
- Middle Or Junior School: Roosevelt
- High School: Twin Lakes
- Location Information
- Directions: GO NORTH ON WEST SHAFER DRIVE , TURN RIGHT ON TO INDIANA BEACH ROAD TO THE FIRST RESORT ON THE LEFT.
- Community Information
- Community Features: Pool
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: —
- Stories: —
- Lot Size: —
- Style: Multi-Family (5+ Unit)
- Year Built: —
- Year Renovated: —
- County: White County
- APN: 91-73-17-000-004.300-020
Other
- Listing Information
- List AOR: White County
Around this home
Schools
Public K-5 • Assigned • 3.7mi
Public 6-8 • Assigned • 3.4mi
Public 9-12 • Assigned • 3.5mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 101° expected this year, 17 days in 30 years
Minor risk of severe winds over next 30 years
1 unhealthy days expected this year, 2 days in 30 years
Sun exposure
In this area, properties receive around 10.2 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.
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2 Beds | 1.5 Baths | 1586 Sq. Ft. | $324,637 |
4 Beds | 2 Baths | 2628 Sq. Ft. | $388,870 |
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3 Beds | 2 Baths | 2164 Sq. Ft. | $400,022 |
3 Beds | 3 Baths | 2072 Sq. Ft. | $607,657 |
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3 Beds | 1 Baths | 2660 Sq. Ft. | $362,116 |
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