
Recreational Land with Home for Sale in Valparaiso, Indiana
385 W 500 N, Valparaiso, IN 46385
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!
Location
- Street address
- 385 W 500 N
- County
- Porter County
- Zip code
- 46385
- School district
- Union Township
- Elevation
- 645 feet
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
W1/2 NE NW & RD PARC IN E1/4 NW 8-35-6 20.24A
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
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Oct 8, 2026 | New listing | $700,000 | — | GNIAR |














