Just 30 minutes from I-65/SR 43, discover this stunning and fully renovated Lake Freeman waterfront home — the perfect weekend escape or an incredible short-term rental investment! With 75% of available weekends booked since the start of 2025 and $11,800 in future summer reservations, this 3-bedroom, 3.5-bath gem is ready to perform. Step inside and you’re welcomed by rich, thin plank hardwood floors that flow throughout, leading you into the expansive 24x13 primary suite — one of three en suite bedrooms. This suite is a showstopper, featuring vaulted wood ceilings, a gas fireplace, wet bar, and floor-to-ceiling windows with panoramic lake views — the perfect retreat or reading nook. The generous walk-in closet includes built-ins, while the ensuite bath features dual vanities, ample storage, and a garden tub/shower combo. The second main-floor bedroom includes a beautifully renovated en suite bathroom with a faux Carrera tiled shower, a sleek new vanity, and wood-look ceramic tile flooring. The heart of the home, however, is the open-concept lower level, where a wall of windows showcases sweeping lake views and floods the space with natural light. The kitchen is a chef’s dream, outfitted with soft-close custom wood cabinetry, high-end appliances, handcrafted wood backsplash and trim, and stunning concrete countertops, including an oversized island with seating for 8–10 — ideal for entertaining. The adjacent living and dining areas offer flexible layout options and blend seamlessly with the kitchen, creating a warm and social gathering space. Just off the kitchen is the third en suite bedroom, which feels like a boutique hotel suite. Its spa-like bath features a walk-in glass shower with black metal framing, a bench seat, and modern fixtures, plus a spacious closet hidden behind a stylish sliding barn door. Major updates mean peace of mind: metal roof (2022), new well, concrete driveway (room for 3-4 cars to park), retaining wall, and a massive lakefront deck. The serene and private beach offers a cozy firepit area and a brand-new swim dock with a ladder leading into shallow water perfect for swimming — only 3 feet deep near the shore, extending to about 15 feet. Also, this is only a 20 minute walk to the Madam Carroll!! So whether you’re looking for a high-performing Airbnb investment, a gorgeous lakeside getaway, or a combination of both, this Lake Freeman stunner has it all — incredible views, thoughtful updates, and unforgettable charm.
Active
$519,900
12924 N 1225 W, Monticello, IN 47960
3beds
2,050sqft
Est.:
Single Family Residence
Built in 1940
0.26 Acres Lot
$486,200 Zestimate®
$--/sqft
$-- HOA
What's special
Massive lakefront deckGas fireplaceWaterfront homeMetal roofSpa-like bathRetaining wallVaulted wood ceilings
- 63 days
- on Zillow |
- 1,714 |
- 93 |
Zillow last checked: 7 hours ago
Listing updated: June 13, 2025 at 08:17am
Listed by:
Gregory Sporre Cell:765-413-0497,
Keller Williams Lafayette
Source: IRMLS,MLS#: 202522531

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bedrooms: 1
Bedroom 1
- Level: Main
Bedroom 2
- Level: Upper
Dining room
- Level: Main
- Area: 272
- Dimensions: 16 x 17
Kitchen
- Level: Main
- Area: 320
- Dimensions: 32 x 10
Living room
- Level: Main
- Area: 272
- Dimensions: 17 x 16
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Disposal, Range/Oven Hook Up Elec, Dishwasher, Microwave, Refrigerator, Washer, Dryer-Electric, Electric Oven, Electric Range, Electric Water Heater, Water Softener Owned
- Laundry: Electric Dryer Hookup, Main Level, Washer Hookup
Features
- 1st Bdrm En Suite, Breakfast Bar, Vaulted Ceiling(s), Walk-In Closet(s), Countertops-Solid Surf, Eat-in Kitchen, Entrance Foyer, Soaking Tub, Kitchen Island, Open Floorplan, Double Vanity, Wet Bar, Tub/Shower Combination, Main Level Bedroom Suite, Great Room
- Windows: Window Treatments
- Has basement: Yes
- Number of fireplaces: 1
- Fireplace features: 1st Bdrm
Interior area
- Total structure area: 2,050
- Total interior livable area: 2,050 sqft
- Finished area above ground: 2,050
- Finished area below ground: 0
Video & virtual tour
Property
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Exterior features: Fire Pit
- Has view: Yes
- Waterfront features: Waterfront, Lake, Deck on Waterfront, Lake Front, Ski Lake
- Body of water: Lake Freeman
- Frontage length: Channel/Canal Frontage(100),Water Frontage(100)
Lot
- Size: 0.26 Acres
- Dimensions: 107x90
- Features: Landscaped, Near Walking Trail
Details
- Parcel number: 080403000124.000011
- Zoning: R1
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Slab
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Private Sewer
- Water: Private
- Utilities for property: Cable Available
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: None
Location
- Region: Monticello
Financial & listing details
- Tax assessed value: $327,900
- Annual tax amount: $1,957
- Date on market: 6/13/2025
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