10227 Lorainne Road Leopold, IN $ 550,000
10227 Lorainne Road
$ 550,000
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10227 Lorainne Road

Leopold, IN, 47551
$ 550,000
Bedrooms3 Baths1.0 Sq 1,354

Monthly Estimate*

$ 3,386

10227 Lorainne Road, Leopold, IN 47551 - Image 1
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Single Family Home for sale in Leopold, IN

for $550,000 with 3 bedrooms and 1 full bath. This 1,354 square foot home was built in 1972 on a lot size of 31.182.

Very special and unique 31-acre property offers opportunities for full-time living, recreation, investment, hunting or a private getaway. The secluded setting provides privacy and is surrounded by abundant wildlife and natural beauty. Property features a 2+ acre stocked lake with a scenic, park-like setting. The land includes established walking and ATV trails, cliffs, rock formations, and creeks with seasonal waterfalls. Woods consist primarily of hardwoods with future timber potential; seller recently completed a light select cut. The home offers 3 bedrooms, 1 full bath, and a full unfinished walk-out basement. Constructed with all-brick exterior and a metal roof, the home has been updated and is move-in ready. Currently used as an Airbnb and office/workspace, but easily adaptable for full-time living. Includes multiple outbuildings and shelter house. A large barn with a massive fireplace provides a great space for gatherings or events. Property was formerly home to Eagle Wings Zipline; existing zipline towers remain but are not currently in use. This property is truly special, so much to take in!!!

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Single Family Active

Price

$ 550,000

Bedrooms

3

Full Bath

1

Property Type

Single Family

Taxes

$ 3,070

Style

Ranch

Lot Size

31.182

Year Built

1972

Town/City

Leopold

County/Region

Perry

MLS | Web ID

202611690

Features
General
Sewer Septic
Heating Electric Heat Pump
Kitchen Level Main
Cooling Central Air
Laundry Y/N Basement
Fireplaces No
Amenities Breakfast Bar Ceiling Fan(s) Countertops-Laminate Eat-In Kitchen Foyer Entry Porch Covered Stand Up Shower
Status Active Active
Full Baths 1
Half Baths 0
Bathrooms 1
Year Built 1972
New Construction No
Subdivision None
Style One Story
Township Leopold
Class RESIDENTIAL
Type Site-Built Home
Age 54
REO No
Status Detail 0
Common Amenities None
Dining Room Level Main
Area Perry County
Location Rural
High School Perry Central
City Leopold
School District Perry Central Community Schools
Architectural Style Ranch
Total Sq Ft 2708
Elementary School Perry Central
Middle School Perry Central
Legal Description 003-00002-00 15-5-2 PT SW 26.182A 003-00002-00 15-5-2 PT NW SW 5A
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202611690
Agent First Name Phyllis
Agent Last Name LaGrange
DOM 4
Tax Year 2025
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Exterior
Road Surface Gravel
Road Access County
Exterior Brick
Driveway Gravel
Pool No
Lot Size Area 1358288
Lot Dimensions 31.182
Lot Description Heavily Wooded Irregular Rolling Slope 15+ Lake Wooded
Fence Chain Link Pet Fence
Waterfront Y/N No
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Interior
Basement Full Basement Walk-Out Basement Unfinished Outside Entrance
Flooring Carpet Laminate Tile
Beds 3
Total Rooms 6
Dining Room Length 12
Dining Room Width 11
Fireplace None
Living Room Width 12
Living Room Length 17
Full Baths Main 1
Full Baths Upper 0
Above Grade Bedrooms 3
Below Grade Baths 0
Below Grade Bedrooms 0
Full Baths Below Grade 0
Half Baths Below Grade 0
Half Baths Main 0
Half Baths Upper 0
1st Bedroom Level Main
1st Bedroom Width 12
2nd Bedroom Length 12
2nd Bedroom Level Main
2nd Bedroom Width 10
3rd Bedroom Length 12
3rd Bedroom Level Main
3rd Bedroom Width 10
Basement Material Block
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* Excluded Features
List By
Phyllis LaGrange

Listing Agent

Key Associates Signature Realty

Broker

phyllislagrange@keyassociates.com

Email

Affordability Calculator

$3,642
Per Month
93%
7%
0%
Monthly Principal & Interest
$3,386
Monthly Property Taxes
$256
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1236239 Elementary School
1237753 Middle School
Perry Central High School High School
Pricing History
DatePricePrice ChangeDescription
4/6/2026$550,000 Listed Price

Map


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10227 Lorainne Road, Leopold, IN, 47551 is a Single Family Home for sale at $550,000 with 1,354 sqft and a lot size of 31.182. 10227 Lorainne Road has 3 bedrooms, 1.0 baths, and was built in 1972. The property's zip code is 47551 which is in Leopold, IN