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Recreational Land with Home for Sale in Leopold, Indiana

10227 Lorainne Rd, Leopold, IN 47551

$550,000
31.2 acres
Active sale
Est $3,066/mo

Very special and unique 31-acre property offers opportunities for full-time living, recreation, investment, hunting or a private getaway. The secluded setting provides privacy and is surrounded by abundant wildlife and natural beauty. Property features a 2+ acre stocked lake with a scenic, park-like setting. The land includes established walking and ATV trails, cliffs, rock formations, and creeks with seasonal waterfalls. Woods consist primarily of hardwoods with future timber potential; seller recently completed a light select cut. The home offers 3 bedrooms, 1 full bath, and a full unfinished walk-out basement. Constructed with all-brick exterior and a metal roof, the home has been updated and is move-in ready. Currently used as an Airbnb and office/workspace, but easily adaptable for full-time living. Includes multiple outbuildings and shelter house. A large barn with a massive fireplace provides a great space for gatherings or events. Property was formerly home to Eagle Wings Zipline; existing zipline towers remain but are not currently in use. This property is truly special, so much to take in!!!

1,354
Sq feet
3
Beds
1
Full bath
1972
Built

Location

Street address
10227 Lorainne Rd
Zip code
47551
School district
Perry Central Community Schools
Elevation
607 feet
Coordinates
38.0795, -86.6202

Directions

From office in Tell City, North on HWY 37. Left on Old Highway 37 to Lorainne Road. Left on Lorainne Road, Look for signs, home is on the right side of road, barn is on the left.

Property details

Acreage
31.182 acres
MLS #
SWAOR 202611690
Posted

Property taxes

2025
$3,070

Parcels

  • 62-09-15-300-001.001-003

Details and features

Listing

Type
Residential
Subtype
Single Family Residence
Franchise
Independent

Lot

Features
15+, Heavily Wooded, Irregular, Lake, Rolling, Rural, Slope, Wooded

Exterior

Fencing
Chain Link, Fenced

Structure

Style
Ranch
Stories
1
Basement
Block
Water
Well
Cooling
Central Air
Roof
Metal

Interior

Room Count
6
Rooms
Basement, Bathroom, Bedroom x 3, Laundry Room
Flooring
Carpet, Laminate, Tile

Nearby schools

NameTypeDistrict
Perry CentralElementaryPerry Central Community Schools
Perry CentralMiddlePerry Central Community Schools
Perry CentralHighPerry Central Community Schools

Listing history

DateEventPriceChangeSource
Apr 7, 2026New listing$550,000SWAOR
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This 31.182-acre property is located at 10227 Lorainne Rd in Leopold, IN 47551. The property is available for sale, priced at $550,000. It has a 1,354 square foot 3-bedroom, 1-bath house built in 1972.

Listed by Key Associates Signature Realty, (812) 686-3268

Checked 2 hours agoUpdated

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