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Waterfront Land with Exclusive Water Rights
For Sale
$99,500

464 Roxbury Road, Valparaiso, IN 46385

LAND - Valparaiso, IN

Property SizeContact for details
Lot Size0.36 Acres
Days on Market104

Property Features for 464 Roxbury Road

General Information

Property type Land
Property subtype Other
Subdivision Shorewood Forest Sec #4
Lot features Wooded
View Lake, Water
Directions South from 30 on N 500 W take a left heading east on Roxbury Rd. Lot is on the right hand side.
Standard status Active
APN 640930178007000019
Lot size 0.36 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description SHOREWOOD FOREST SEC 4 LOT 149 .36A
Tax Annual Amount 948
HOA Fee $1,375 Annually
Legal Description SHOREWOOD FOREST SEC 4 LOT 149 .36A

Utilities

Utilities Cable Available
Sewer type Public Sewer
Water source Public
Listing Agency: McCormick Real Estate, Inc.
Listed By: Tim Polk · License #RB21000495
Added: May 1 Changed: Jul 30 Last Checked: Aug 12 at 5:06PM
MLS# 838078

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.

Investment Insights

Based on property information with market context.

This waterfront land parcel in Shorewood Forest offers a scenic hill setting with a gentle slope and mature trees providing privacy, plus a flowing creek after rainfall. The property includes exclusive water rights for boating, fishing, and recreation on Louise Lake, a 230-acre lake. At 0.36 acres, the lot is positioned for a custom raised ranch design. A detailed topographical map is included to support planning and design.

Utilities are ready for installation at the lot line, with public water and public sewer available, and cable also available. Shorewood Forest amenities include a private beach, pool, clubhouse, trails, and sports facilities.

The location is about 10 minutes from downtown Valparaiso and 45 minutes from Chicago. Indiana Dunes National Park is approximately 20 minutes away, and Valparaiso University is about 10 minutes away.

Key Highlights

  • 0.36‑acre waterfront land parcel in Shorewood Forest
  • Exclusive water rights for boating, fishing, and recreation on 230‑acre Louise Lake
  • Gentle hill slope with mature trees and a flowing creek after rainfall

Property Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick Restaurant Law Firm Real Estate Agency Building Supply Electrical Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site
Yes
Water rights

Location Intelligence

Trade Area within ½ mile

67
Businesses Nearby

Demographics for 46385, IN

41,832
Population
16,071
Households
2.6
Avg Household Size
42
Median Age
34%
College-Educated
94%
High-School Grad
80.7 sq mi
ZIP Area
518
Density / Sq Mi
$97,208
Median Household Income
$50,582
Median Earnings
$1,225
Median Rent
$305,400
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Waterfront Land - Build a custom home site in Shorewood Forest with exclusive Louise Lake water rights and public utilities available.
Where is this waterfront land located?
The property is located at 464 Roxbury Road Valparaiso, IN.
What is the asking price?
The asking price for this property is $99,500.
What are key features of this property?
This property features: 0.36‑acre waterfront land parcel in Shorewood Forest; Exclusive water rights for boating, fishing, and recreation on 230‑acre Louise Lake; Gentle hill slope with mature trees and a flowing creek after rainfall
More about this property
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