# 5505 N W Shafer Drive, Monticello, IN 47960

> **TL;DR:** 2bd/1ba single family, $250,000 ($171/sqft), built 1950, 1,463 sqft.
> Waterfront, View. Est. $1,083/mo. Listed 5 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $250,000 |
| Price/sqft | $171 |
| Bedrooms | 2 |
| Bathrooms | 1 full |
| Square Feet | 1,463 |
| Year Built | 1950 |
| Lot Size | 6,534 sqft (0.15 acres) |
| Stories | 1 |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 5 |

## Why This Home Stands Out

- **Waterfront** - Direct water access
- **Views** - Lake, Water

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,083 |
| **Total** | **$1,083** |

## Key Amenities

- Waterfront
- View

## Property Highlights

- Built in 1950
- 0.15 acre lot
- Waterfront

## Description

### Agent Description
Lake Shafer Opportunity - Lake Rights, Dock & Beautiful Views! Enjoy everything Shafer Lake has to offer from this charming 2-bedroom, 1-bath home with lake rights, a boat dock, jet ski dock, and breathtaking water views. Whether you're looking for a weekend getaway, vacation rental, investment property, or year-round residence, this property offers endless potential. The home could use a little TLC, making it the perfect opportunity for buyers looking to add their own updates and personal touches while building equity. Imagine spending your days boating, fishing, jet skiing, or simply relaxing and enjoying the peaceful lake scenery. With lake access already in place and incredible views that are hard to find, this property is a fantastic opportunity to enjoy the Shafer Lake lifestyle at an affordable price. Bring your vision and make this lakeside retreat your own! Features Include: *2 Bedrooms, 1 Bathroom *Lake Rights *Boat Dock *Jet Ski Dock *Beautiful Lake Views *Great Investment Potential *Weekend Getaway or Full-Time Residence *Opportunity to Add Value with Updates Schedule your private showing today and discover the possibilities this Shafer Lake property has to offer!

## Location

- **Address:** 5505 N W Shafer Drive, Monticello, IN 47960
- **County:** White
- **Coordinates:** 40.833041, -86.790311
- **Google Maps:** https://www.google.com/maps?q=40.833041,-86.790311

## Listing Agent

- **Name:** Tracy Wondaal
- **Brokerage:** eXp Realty, LLC
- **Phone:** 2194884176
- **Email:** twondaal@gmail.com

## Primary Photo

![5505 N W Shafer Drive - Primary Photo](http://lh.rdcpix.com/9123f05e2dd9e242c97674c3299d4e50l-f1711942521r.jpg)

*25 total photos available on [listing page](https://www.propertysimple.com/listing/5505-n-w-shafer-drive-monticello-in-47960-n841021)*

---

**MLS#:** 841021 | **Updated:** 2026-06-25
**Source:** listhub

*Copyright © 2026 Greater Northwest Indiana Association of REALTORS. 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/5505-n-w-shafer-drive-monticello-in-47960-n841021)

---

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