Waterfront Land with Lakefront
For Sale
$449,500
Pending
1 S 500 W, Trafalgar, IN 46181
Land, Trafalgar, IN
Property SizeContact for details
Lot Size19.00 Acres
Days on Market328
Property Features for 1 S 500 W
General Information
Property type
Land
Property subtype
Other
Zoning
Agriculture
Subdivision
No Subdivision
Lot features
Irregular Lot, Not In Subdivision, Mature Trees
Elementary school
Indian Creek Elementary School
Middle school
Indian Creek Middle School
High school
Indian Creek Sr High School
Elementary school district
Nineveh-Hensley-Jackson United
Middle school district
Nineveh-Hensley-Jackson United
High school district
Nineveh-Hensley-Jackson United
Directions
Take Speasville Road (500 W) South from 135. Follow to property on the right. You should also be able to see the sign by the drive.
Standard status
Pending
APN
411028044029000015
Lot size
19.00 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
SE 1/4 S 1/4 S28 T11 R3
Legal Description
SE 1/4 S 1/4 S28 T11 R3
Utilities
Sewer type
Septic Needed
Water front features
Lake Front, Waterfront, Lake
Water front
1
Listing Agency:
Keller Williams Indy Metro S · Keller Williams Realty
(317) 738-4663
Listed By:
Gregory Leugers · License #RB14040373
(317) 882-5900
Added: Oct 20, 2025
Changed: Sep 11
Last Checked: Sep 12 at 2:06PM
MLS# 22069197
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This waterfront land offering includes approximately 19+ acres with lake frontage on a 14+ acre lake. The property owns approximately 11+ acres of the lake, providing a distinctive setting for a homesite and outdoor recreation. The building site is located just off S 500 W and is described as flat, with views of the lake. City water is available at the road near the building area.
The lake is reported to be 40+ feet deep near the dam and includes two islands estimated to be over a half acre each, along with a couple of small islands. Zoning is listed as Agriculture, supporting buyers looking for a rural, waterside property in Johnson County.
With its combination of lake ownership, flat proposed build site, and nearby utility access, this parcel may appeal to buyers seeking a primary residence site with water views, or an outdoor-focused property where recreation is a primary use. Prospective buyers should confirm all development requirements and permitted uses under the Agriculture zoning designation before planning improvements.
The lake is reported to be 40+ feet deep near the dam and includes two islands estimated to be over a half acre each, along with a couple of small islands. Zoning is listed as Agriculture, supporting buyers looking for a rural, waterside property in Johnson County.
With its combination of lake ownership, flat proposed build site, and nearby utility access, this parcel may appeal to buyers seeking a primary residence site with water views, or an outdoor-focused property where recreation is a primary use. Prospective buyers should confirm all development requirements and permitted uses under the Agriculture zoning designation before planning improvements.
Key Highlights
- 19+ acres with lakefront on a 14+ acre lake; this lot owns 11+ acres of the lake
- Lakefront setting with a lake reportedly 40+ feet deep near the dam
- Two islands on the lake, each over half an acre, plus a couple of small islands
Property Analytics
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Current Use
Lease Details
Yes
Water rights
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 46181, IN
5,280
Population
1,959
Households
2.7
Avg Household Size
43
Median Age
28%
College-Educated
95%
High-School Grad
45.5 sq mi
ZIP Area
116
Density / Sq Mi
$85,625
Median Household Income
$49,503
Median Earnings
$951
Median Rent
$278,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Waterfront Land - For sale 19+ acres with a 14+ acre lake and an established, flat building area near city water.
Where is this waterfront land located?
The property is located at 1 S 500 W Trafalgar, IN.
What is the asking price?
The asking price for this property is $449,500.
What are key features of this property?
This property features: 19+ acres with lakefront on a 14+ acre lake; this lot owns 11+ acres of the lake; Lakefront setting with a lake reportedly 40+ feet deep near the dam; Two islands on the lake, each over half an acre, plus a couple of small islands
