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Recreational Land with Home for Sale in Valparaiso, Indiana

385 W 500 N, Valparaiso, IN 46385

$700,000
40.7 acres
Active sale
ago
Est $4,148/mo

Exceptional opportunity for investors, developers, or buyers seeking unmatched privacy and massive upside potential, with estimated ARV being well over list price. Spanning 40.68 serene, heavily wooded acres across four separate parcels in Valparaiso, this expansive estate offers extreme privacy, its own private pond, and valuable income-producing timber tucked away in a quiet setting near Salt Creek. Situated on the land is a 3-bedroom, 2-bathroom ranch home with a full basement awaiting restoration or a complete refresh. The property is being sold in strictly as-is condition; the seller is unable to make any repairs. Cash buyers only. Bring your vision, contractor, or land-use plans to capitalize on this extraordinary piece of unincorporated Porter County property!

1,590
Sq feet
3
Beds
2
Full baths
1
3/4 bath
1937
Built

Location

Street address
385 W 500 N
Zip code
46385
School district
Union Township
Elevation
645 feet
Coordinates
41.5054, -87.1373

Directions

State Road 130 to Wolf Road/ N 450 West. Right onto W 500 N. Turn in is shortly past Salt Creek and will appear that you're turning into a farm. Turn right into the drive but then make an immediate sharp right behind to go up gravel drive on right.

Property details

Acreage
40.68 acres
MLS #
GNIAR 846516
Posted

Property taxes

2025
$3,707

Parcels

  • 640908100003000019

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Lot

Features
Back Yard, Front Yard, Private, Wooded

Exterior

Parking
Garage
Pool
Porch
Features
Private Yard

Structure

Stories
1
Basement
Full, Interior Entry, Partially Finished
Water
Well
Sewer
Septic Tank
Heating
Hot Water
Windows
Wood Frames

Interior

Room Count
7
Rooms
Basement, Bathroom x 3, Bedroom x 3, Dining Room
Fireplaces
Yes
Features
Entrance Foyer, Tray Ceiling(s)

Listing history

DateEventPriceChangeSource
Oct 8, 2026New listing$700,000—GNIAR
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This 40.68-acre property is located at 385 W 500 N in Valparaiso, IN 46385. The property is available for sale, priced at $700,000. It has a 1,590 square foot 3-bedroom, 3-bath house built in 1937.

Listed by Trueblood Real Estate, (219) 558-0469

Checked 1 hour agoUpdated Source

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