About This Home

This 3-bedroom, 2-bathroom single family at 7266 Locust Lake W Drive in Spencer, IN is listed for $284,900 ($160 per sqft). Built in 1965, the home offers 1,776 sqft of living space on a 0.32 acres lot.

Key Features

  • Built in 1965
  • 0.32 acre lot
  • Fireplace
  • Waterfront

Property Details

1 story
2 full
2-car garage
1965

Amenities

FireplaceWaterfrontHardwoodA/C
Listing Description

Experience peaceful lakefront living in the desirable Locust Lake community, conveniently located in northern Owen County just minutes from I-70. This meticulously maintained sandstone ranch offers picturesque water views, thoughtful updates, and a move-in-ready interior designed for comfortable everyday living and entertaining.

Offering 1,776 square feet of finished living space, this home features three bedrooms and two full bathrooms. The main level showcases an inviting open-concept living, dining, and kitchen area where a stunning floor-to-ceiling stone fireplace with a wood-burning insert creates a warm focal point.

Just off the main living space, a spacious covered deck extends your living area outdoors, providing the perfect setting for dining, relaxing, or taking in the peaceful lake views. Two main-level bedrooms feature beautiful hardwood floors and are served by a full bathroom conveniently located on the main floor.

The finished walkout lower level adds exceptional flexibility with a spacious family room, a large third bedroom, a full bathroom, and a dedicated laundry room. An attached two-car garage with attic storage offers ample room for vehicles, tools, and seasonal items.

Recent improvements provide added value and peace of mind, including a new well, a newer HVAC system with an energy-efficient mini-split serving the lower level, roof, well pump, sump pump, dock, and covered rear deck. Step outside to enjoy your private lakefront setting, whether relaxing by the water, casting a line from the dock, or exploring the electric motor-only lake.

Locust Lake offers an affordable homeowners association with annual dues of less than $450. Ideally located near Cataract Falls, Cataract Lake, and McCormick's Creek State Park, this property provides convenient access to boating, fishing, hiking, and a variety of outdoor recreation opportunities while remaining just minutes from Interstate 70 for an easy commute.

Monthly Cost Estimate

$1,944/mo

20% down · 6.5% · 30 years

Principal$206
Interest$1,235
Insurance$83
HOA$420

Estimates only. Actual payments may vary.

Location

7266 Locust Lake W Drive

Spencer, IN 47460

Locust Lake

Property Details

Flooring

VinylHardwoodConcrete

Cooling

Central AirMulti Units

Questions & Answers

This 3-bedroom, 2-bathroom single family at 7266 Locust Lake W Drive is listed at $284,900 ($160/sqft). The estimated monthly payment is $1,944 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $420/month.

Key features include: Built in 1965, 0.32 acre lot, Fireplace, Waterfront.

This property is listed by Corey Mauder.

CM

Corey Mauder

Agent at Century 21 Scheetz

Listed by Century 21 Scheetz · Broker phone: (317) 844-5111

MLS# 202631085· Source: Indiana Uplands Realtor® Association· 92 days on PropertySimple

Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

7266 Locust Lake W Drive, Spencer, IN 47460

Open this listing in: