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Land with Home for Sale in Paragon, Indiana

7183 Ellis Lake Rd, Paragon, IN 46166

$3,300,000
100 acres
Active sale
ago
Est $18,940/mo

A once in a lifetime 107 acre private retreat featuring a stunning 15-16 acre lake, 25 acres of tillable farmland, a 5 acre hay field, 43 wooded acres with ATV trails and 18 acres of park-like greenspace complete with a 1,650' grass runway and airplane hangar. Built in 2022, the 4,004 square foot main home offers 3 bedrooms, 2.5 baths, soaring 18' Great room ceilings, an expansive open-concept design, and a covered veranda overlooking the lake. Guests will enjoy a matching 2 bedroom guest house, rustic lakeside cabin, and extensive amenities including a airplane hangar with bunkhouse, shower house, machinery barn, livestock barn, skeet range, pavilion, fiber internet, city water and backup generators. A truly extraordinary recreational, aviation and legacy property.

4,004
Sq feet
3
Beds
2
Full baths
1
1/2 bath
2022
Built

Location

Street address
7183 Ellis Lake Rd
Zip code
46166
School district
Spencer-Owen Community Schools
Elevation
810 feet
Coordinates
39.4432, -86.637

Property details

Acreage
100 acres
MLS #
MIBOR 22108634
Posted

Parcels

  • 600128400080000018

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Lot

View
Lake
Waterfront
Lake Front
Features
Mature Trees, Not in Subdivision, Rural-Not Subdivision, Wooded

Exterior

Parking
Open
Pool
Patio
Structures
Guest House, Outbuilding, Storage
Features
Barn Pole, Carriage/Guest House

Structure

Stories
2
Water
Public
Heating
Forced Air, Propane
Cooling
Central Air
Materials
Cement Siding, Stone

Interior

Room Count
10
Rooms
Bathroom x 3, Bedroom x 3
Fireplaces
Yes
Appliances
Dishwasher, Dryer, Electric Cooktop, Electric Oven, Exhaust Fan, Gas Water Heater, Range Hood, Refrigerator, Washer, Wine Cooler
Features
Eat-In Kitchen, Entrance Foyer, Hardwood Floors, Hi-Speed Internet Availbl, High Ceilings, In-Law Arrangement, Kitchen Island, Pantry, Smart Thermostat, Tray Ceiling(s), Walk-In Closet(s), Wet Bar, Wired For Sound, Wood Work Stained

Property utilities

CategoryTypeStatus
GasPropaneConnected

Nearby schools

NameTypeDistrict
Owen Valley Middle SchoolMiddleSpencer-Owen Community Schools
Owen Valley Community High SchoolHighSpencer-Owen Community Schools

Listing history

DateEventPriceChangeSource
June 18, 2026New listing$3,300,000MIBOR
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This 100-acre property is located at 7183 Ellis Lake Rd in Paragon, IN 46166. The property is available for sale, priced at $3,300,000. It has a 4,004 square foot 3-bedroom, 2.5-bath house built in 2022.

Listed by Mike Watkins Real Estate Group, (317) 882-6453

Checked 2 hours agoUpdated Source

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