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201 Spectacle Drive

Valparaiso, IN 46383
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Bed 7

Bed

Bath 8

Bath

SqFt5,602

Sqft

Acres0.21

Acre(Lot)

AUCTION! Here is a rare opportunity to own a private waterfront property offering over 5,600 square feet of living space with 7 bedrooms & 10 bathrooms! The flexible living space is designed for gathering, relaxation, privacy and everyday comfort. Configured as three fully independent living environments, this unique property is ideal for multi-generational living, extended guests, effortless weekend escapes or full-time lake living where vacation memories are made year-round, all within one cohesive residence. "1 hour from downtown Chicago" this 3-story Victorian Lake House retreat home built in 1992 is peacefully tucked just outside the city limits of North Valparaiso, only minutes from the I-80/90 (approximately 4 miles) expressway and the nearby South Shore Line. At the heart of the home is a huge gathering kitchen designed to bring everyone together, complemented by multiple living and entertaining areas ideal for relaxing, gaming, or simply enjoying the magnificent lake views. Embrace the serenity of the wooded setting from dramatic 10-foot, 9-foot, and 8-foot ceilings, combined with four vintage fireplaces that create warmth, character, and architectural charm throughout. The main residence offers 5 bedrooms and 8 bathrooms, with each bedroom featuring its own private en-suite bath for exceptional comfort and privacy. A convenient 3/4 bath located near the beach entrance provides the perfect space to rinse off after swimming, boating, or enjoying the lake. In addition to the expansive main residence, the property includes two attached private in-law apartments, each with separate exterior entrances and private deck access. Both spacious, well-appointed apartments include a bedroom with walk-in closet, full bath, kitchen, pantry, and living area--ideal for guests, extended family, or flexible living arrangements. Lifestyle features include two laundry rooms, an exterior-accessed workshop and large private office ideal for remote work or creative pursuits.

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Detail Ic Property Details

Property Type : Residential

Price : $499,900

AD Id : 80122756

MLS Id : NRA840160

Beds : 7

Lot Size : 0.21 Acre

Living Area Size : 5,602

Year Built : 1992

Garage : 2

County : Porter

Subdivision: Ericksons Spectacle Lake Sub

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Feature Features

  • Bedroom Information

    Total Bedroom: 7 Room Types: Bonus Room, Bedroom 6, Other Room, Primary Bedroom, Office, Living Room, Laundry, Kitchen, Great Room, Dining Room, Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 2

    Bathroom Information

    Total Baths: 8 Full Baths: 1 Half Baths: 2

    Room Information

    Rooms Total: 20

    Interior Features

    Ceiling Fan(s), Walk-In Closet(s), Pantry, Other, Kitchen Island, His and Hers Closets, High Ceilings, Granite Counters, Eat-in Kitchen, Entrance Foyer, Double Vanity Appliances: Dryer, Water Softener Owned, Washer, Stainless Steel Appliance(s), Range Hood, Refrigerator, Other, Microwave, Gas Water Heater, Gas Range, Dishwasher Laundry Features: Lower Level, Sink, Laundry Room
  • Heating & Cooling

    Heating: Hot Water, Natural Gas Water front: 1 WaterSource: Public

  • Building Information

    Year Built: 1992
  • Exterior Features

    Balcony, Storage, Rain Gutters, Private Yard

  • Lot Information

    Lot Description: Back Yard, Landscaped, Front Yard Lot Square Feet: 9147.6 Lot Acres: 0.21

    Property Information

    Property Type: Residential Sub Type: Single Family Residence

  • Tax Information

    Tax Legal Description: ERICKSONS SPECTACLE LAKE SUB LOT 14& W12 LT 7& TRI N END LOT 6 BLK 1 Annual Tax: $4591.6 Tax Year: 2025 Parcel Number: 640901331004000003

  • Parking Information

    Attached, Garage Faces Side, Driveway, Asphalt, Garage Door Opener

    Garage Information

    Has Garage: Yes Garage Space: 2

  • Utility Information

    Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: Ericksons Spectacle Lake Sub City: Valparaiso Direction: From the corner of Campbell St. & Spectacle Dr., East on Spectacle Dr., property on the left side of the street.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
35 Oak Hollow Court, Valparaiso, IN, 46383 $459,900 3 4 2,718 2,718 SqFt
493 Stonebridge Pkwy, Valparaiso, IN, 46383 $1,049,000 4 4 2,400 2,400 SqFt
440 Oak Breeze Drive, Valparaiso, IN, 46383 $517,500 3 3 2,635 2,635 SqFt
361 Sandwood Court, Valparaiso, IN, 46383 $450,000 4 3 2,480 2,480 SqFt
370 E Us Highway 6, Valparaiso, IN, 46383 $425,000 -- -- --
340 Independence Drive, Valparaiso, IN, 46383 $320,000 3 2 1,728 1,728 SqFt
820 N 350, Valparaiso, IN, 46383 $715,000 4 3 3,160 3,160 SqFt
718 N Old Suman Road, Valparaiso, IN, 46383 $949,999 3 3 4,150 4,150 SqFt
53 Cain Drive, Valparaiso, IN, 46383 $360,000 5 2 1,988 1,988 SqFt
277 E 500, Valparaiso, IN, 46383 $679,000 4 3 2,463 2,463 SqFt
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ByOwner last updated this listing 06/09/2026 @ 18:20

MLS: NIRA #840160 LISTED BY: Jay Mayden, Kraft Real Estate Services, LL 219-776-2879 SOURCE: Northwest Indiana REALTORS® Association (formerly GNIAR) (Listings courtesy of Northwest Indiana REALTORS® Association (formerly GNIAR) as distributed by MLS GRID)

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