# 2140 S 500 E, Lagrange, IN 46761

> **TL;DR:** 2bd/1ba land, $1,980,000 ($1768/sqft), built 1983, 1,120 sqft.
> Waterfront, Basement. Est. $8,580/mo. Listed 163 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,980,000 |
| Price/sqft | $1768 |
| Bedrooms | 2 |
| Bathrooms | 1 full |
| Square Feet | 1,120 |
| Year Built | 1983 |
| Lot Size | 1,742,400 sqft (40.00 acres) |
| Stories | 1 |
| Property Type | Land (Farm) |
| Status | For Sale |
| Days on Market | 163 |

## Why This Home Stands Out

- **Waterfront** - Direct water access

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $8,580 |
| **Total** | **$8,580** |

## Key Amenities

- Waterfront
- Basement

## Property Highlights

- Built in 1983
- 40.00 acre lot
- Waterfront

## Description

### Agent Description
40 Acres • 1200 Feet of Lakefront • Over 3000 Feet of Road Frontage  A truly exceptional property in LaGrange County two parcels totaling 40 acres with an impressive 1,200 feet of lakefront on beautiful Royer Lake and over 3,000 feet of combined road frontage (more than 2,000 feet on one side and 1,000 feet on the other).  This property offers a rare blend of rolling farmland, mature trees and serene waterfront, making it an ideal setting for recreation, investment, or development. Currently zoned Agricultural and under cultivation, it provides both income potential and flexibility for future use.  Included on the property is a 1,120 sq. ft. home featuring 2 bedrooms, 1 bath, on a walkout basement already plumbed for second bathroom. The home is positioned to take in the quiet, rural surroundings and offers an excellent opportunity for guest quarters, or a temporary residence while you plan your dream build.  Royer Lake is a peaceful, non-ski lake known for its great fishing and connection to Fish Lake, offering the best of quiet lake living with expansive land to roam.  With its combination of prime lake frontage, extensive road access, and natural beauty, this is truly a once-in-a-lifetime opportunity in northern Indiana. Whether you’re looking for a private retreat, working farm, or investment property, this one checks every box.  Call today to schedule a private tour.

## Location

- **Address:** 2140 S 500 E, Lagrange, IN 46761
- **County:** LaGrange County
- **Neighborhood:** None
- **Coordinates:** 41.611084, -85.329602
- **Google Maps:** https://www.google.com/maps?q=41.611084,-85.329602

## Listing Agent

- **Name:** Marlynn Mast
- **Brokerage:** Keller Williams Realty Group
- **Phone:** 2604607707
- **Email:** marlynnmast@gmail.com

## Primary Photo

![2140 S 500 E - Primary Photo](http://lh.rdcpix.com/6d8db9895042b0e2316b1ec225fc066cl-f244361468r.jpg)

*19 total photos available on [listing page](https://www.propertysimple.com/listing/2140-s-500-e-lagrange-in-46761-02543956)*

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**MLS#:** 202543956 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/2140-s-500-e-lagrange-in-46761-02543956)

---

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