Waterfront Land with Lakefront
1 S 500 W Trafalgar, IN 46181
For Sale
$449,500
Pending
LAND - Trafalgar, IN
Lot Size19.00 Acres
Days on Market283
Property Features for 1 S 500 W
General Information
Property type
Land
Property subtype
Other
Zoning
Agriculture
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
Utilities
Sewer type
Septic Needed
Water front features
Waterfront, Lake, Lake Front
Water front
1
Listing Agency:
Keller Williams Indy Metro S
(317) 738-4663
Listed By:
Gregory Leugers · License #RB14040373
(317) 882-5900
Added: Oct 20, 2025
Changed: Jul 28
Last Checked: Jul 29 at 11:06AM
MLS# 22069197
Copyright © 2026 MIBOR Service Corporation. 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
Property Profile
Location Intelligence
Current Use
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
