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Off market
  • $542,900

    1529 S Old Highway 27, Winchester, IN 47394

    10beds
    7,600sqft
    SingleFamily
    Built in 1975
    5.69 Acres Lot
    $542,900 Zestimate®
    $71/sqft
    $2,480 Estimated rent

    What's special

    DO NOT DISTURB GUESTS. SHOWN BY APPOINTMENT ONLY. This beautiful executive home pays for itself with rental income while providing the owners with a great place to live! Brand new copper colored metal roof and siding. Pool just painted! New pool heater just installed. Comes as a fully furnished turnkey business. Situated on 5.7 park-like acres just south of Winchester Indiana.  Currently being operated as a 5 Star rated Guest House rented out for family reunions and retreats, this home generates approximately 135K/year of rental income with potential to generate much more for an enterprising couple. This home features in indoor pool room, 5 fireplaces, a library, a formal living room, a large family room currently being used as a conference room, an in-law apartment, a formal entry foyer with curved staircase and three master suites. 8 of the 10 bedrooms feature ensuite baths. The first floor features a large living room with gas fireplace, a large family room with wood burning fireplace, a huge kitchen, formal dining room, formal entry foyer with crystal chandelier and curved staircase,  library with gas fireplace  large master bedroom with ensuite bath, wet bar, and a private deck, a second staircase to the 2nd floor and a ground floor apartment with a large living room with 2nd kitchen, three french patio doors, 2 bedrooms, 2nd kitchen, and a full bath.  A huge 4 season heated swimming pool room with ceramic tile floors, cedar walls and vaulted ceiling, oversized 20 X 40+ heated indoor swimming pool and a staircase to the lower level theater/game room.  Step our from either the pool room or kitchen to your large patio with 5+ acres of lawn, volleyball and badminton courts, fire pit, hot-tub, and a natural gas grill.  The 2nd floor features 2 master suites, each with a private bath and one with a sunken bath tub. This floor also features 2 additional bedrooms each with a private bath. In the hallway are 3 walk-in closets and access to a heated attic storage space. The lower level features a huge theater/game room area with billiard table, foosball table, shuffleboard table, a projection theater system, wood burning fireplace, a 3rd master bedroom suite with wood-burning fireplace and private bath, a smaller bedroom/hobby room, a large laundry room with 2 washers and 2 dryers, and a utility room housing a newer geothermal heating/cooling system. There is a 27 hole golf course 1/2 mile from the property This home can be toured on request. Purchase as a private residence, a bed and breakfast, or as a guest house. 5 star reputation on Homeaway/VRBO.  Visit www.vrbo.com/506220 for the business listing. Currently generating 135K/yr. 5 Star Rated! Potential for more income! Current owners operated as a successful bed and breakfast for years living in the main level apartment which has its' own separate entrance. This is an ongoing successful, award winning business that has been operating for 20+ years . Owners are considering retiring but will continue to operate the property until the new buyers are found and provide training. Live on property or buy as a business. Call Ted Davenport at 765-546-9418 or email tedddavenport@gmail.com See vrbo.com/506220 for the business listing

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 8
    • Full bathrooms: 8
    Heating
    • Forced air, Electric, Gas, Geothermal
    Cooling
    • Central, Geothermal
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Trash compactor, Washer
    Features
    • Flooring: Tile, Carpet, Laminate
    • Basement: Finished
    • Has fireplace: Yes
    • Fireplace features: masonry
    Interior area
    • Total interior livable area: 7,600 sqft

    Property

    Parking
    • Total spaces: 10
    • Parking features: Carport, Garage - Detached, Off-street
    Features
    • Exterior features: Vinyl, Brick
    • Has spa: Yes
    • Has view: Yes
    • View description: Park
    Lot
    • Size: 5.69 Acres
    Details
    • Parcel number: 680928300046000020

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • brick
    • Foundation: Crawl/Raised
    • Roof: Metal
    Condition
    • Year built: 1975

    Community & neighborhood

    Location
    • Region: Winchester
    Services availability