Lamb Lake Estates, IN homes for sale & real estate

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ABOUT THIS HOME
Lamb Lake Estates, IN Homes for Sale
Wonderful opportunity to purchase on 500-acre Lamb Lake. Sitting on almost an acre, this ranch home with finished walk out basement is nestled in a beautiful wooded setting. Home is located off the water, but all lake rights are included and can be enjoyed. Home structure is a wonderful mixture of natural stone and wood exterior with private backyard and multi-level decks offering plenty of area to entertain. Open living room with natural stone fireplace leading into dining and large kitchen with Nichols cabinets. Open basement with 2nd natural stone fireplace, 2 bonus rooms that can be bedrooms, office or gym. Level driveway with extra gravel area to park & 10x10 workshop in garage.

$535,000

3 beds2.5 baths2,246 sq ft

8048 S Indian Ridge Dr, Trafalgar, IN 46181

500 acre lamb lake • Private backyard • Wooded setting

ABOUT THIS HOME
Lamb Lake Estates, IN Homes for Sale
Located on 500 acre Lamb Lake, this beautiful 4 bedroom/3.5 bath home has absolutely everything you need to enjoy privately or entertain friends and family. Meticulously cared for, this property offers 3 levels of usable space. Top level includes 2 bedrooms, full bathroom, recently updated kitchen with large dining area, formal sitting area with fireplace and stunning lake-side views. Middle level offers a spacious family room with soaring 20 ft ceilings and incredible natural light or choose to joy the cozy sitting area around 2nd wood burning fireplace and bar. Primary bedroom on middle level boasts a large walk in closet and access to screened in patio. Lower level has expansive bunk roo

$1,600,000

4 beds3.5 baths4,136 sq ft

4465 Grouse Dr, Trafalgar, IN 46181

Bunk room • 20 ft ceilings • Natural light

ABOUT THIS HOME
Lamb Lake Estates, IN Homes for Sale
Beautiful view of Lamb Lake on 1.58 wooded acres. Nicely updated 2 story w/ walk out basement. Primary suite w/ huge walk-in closet and full bath and lakeview from bedroom window. Darling reading nook or playroom on upper level. Roomy kitchen w/ loads of counters, cabinets, center island & breakfast room opening to upper deck with lakeview. Spacious great room w/ cozy gas fireplace and doors opening to upper deck. Formal Dining, office & half bath also on main level. Low maintenance upper deck installed in 2021 is approx 1,550 sq ft of outdoor entertainment space! Lower walkout level has laundry room, workshop, full bath, and 29x24 flex space for rec room, family room or whateve

$899,900

3 beds3.5 baths3,758 sq ft

7899 Timber Cliff Ln, Trafalgar, IN 46181

Huge walk-in closet • Wooded acres • Updated 2 story

ABOUT THIS HOME
Lamb Lake Estates, IN Homes for Sale
This is what you've been waiting for! This wooded, lake front property sits on 1.6 acres and has everything you need for full time or part time lake life. Nestled in the woods of Lamb Lake, this custom built home has been tastefully updated with modern style without losing the classic features that are timeless. This all brick home features a stunning main level with gleaming hardwood floors that have been recently refinished, custom woodwork throughout, and priceless views. The deck that spans the entire main level is accessible from the kitchen, or through the large, new sliding doors in the family room. The gourmet kitchen includes a full set of stainless appliances, beautiful granite t

$1,349,900

4 beds3.5 baths4,651 sq ft

8191 S Bayview Ct, Trafalgar, IN 46181

Private deck • Lake front property • Gourmet kitchen

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ABOUT THIS HOME
Lamb Lake Estates, IN Homes for Sale
Begin Your Homesteading Lifestyle! Discover peaceful country living on 2 acres of open land, ready for your gardens, animals, and self-sufficient dreams. The charming farmhouse features 2 bedrooms and 1.5 baths, completely rebuilt from the studs in 2014, blending modern comfort with timeless appeal. Plumbing and electrical as well. A spacious 30x40 barn with 12-foot and 10-foot garage doors offers endless possibilities for equipment, animals, or workshop space. The oversized 3-car garage provides plenty of room for tinkering, hobbies, or storage - and includes a fully equipped 1-bedroom apartment above, perfect for multigenerational living, guest quarters, or rental income potential. Wheth

$489,500

3 beds2.5 baths2,806 sq ft

7641 S 500 W, Trafalgar, IN 46181

2.07 acre lot • 4 garage spots • Car-dependent

ABOUT THIS HOME
Lamb Lake Estates, IN Homes for Sale
Get ready to build your dream home on this 19+- beautiful acres in Southern Johnson County or just use it for recreation. This property has it all if you enjoy the outdoors. The property sits on a 14+- acre lake of which this lot owns 11+- acres of the 14 acre lake. The building site is located just off of 500 W that is flat with beautiful views of the lake. There is city water at the road near the building site. The lake is 40+ feet deep near the dam and has 2 islands over a half acre each and a couple of small islands.

$450,000

— beds— baths— sq ft

1 S 500 W, Trafalgar, IN 46181

19 acre lot • Car-dependent

Based on information submitted to the MLS GRID as of Thu Nov 20 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Average home prices near Lamb Lake Estates, IN

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Lamb Lake Estates, IN real estate trends

$940K

Sale price

$402

Sale $/sq ft

Under list price

Days on market

183

Down payment

30.0%

Total homes sold

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