Recently Listed Open House 7/5 10am - 12pm
201 Spectacle Drive
Valparaiso, IN, 46383 $ 499,900
Bedrooms7 Baths8.2 Sq 5,602 Monthly Estimate*
$ 3,156
for $499,900 with 7 bedrooms and 8 full baths, 2 half baths. This 5,602 square foot home was built in 1992 on a lot size of 0.21.
AUCTION! ONLINE BIDDING NOW OPEN! 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 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 areaideal 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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Open House
7/5/2026 10:00 AM - 12:00 PM
201 Spectacle Drive Valparaiso, IN
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesGeneralSewer Public
Heating Hot Water
Kitchen Level Main
Cooling Central Air
Laundry Y/N Lower
Fireplaces Yes
Water Access Type Lakefront
Garage Attached
Amenities 1st Bdrm En Suite Balcony Breakfast Bar Ceiling-9+ Ceiling Fan(s) Closet(s) Walk-in Countertops-Solid Surf Deck Open Deck on Waterfront Eat-In Kitchen Foyer Entry Garage Door Opener Jet Tub Guest Qua
Status Active Active
Full Baths 8
Half Baths 2
Bathrooms 10
Year Built 1992
New Construction No
Subdivision None
Style Multi-Story (3+)
Township Center
Class RESIDENTIAL
Type Site-Built Home
Age 34
REO No
Status Detail 0
Dining Room Level Main
Area Porter County
Location Lake
High School Valparaiso
City Valparaiso
School District Valparaiso Community Schools
Architectural Style Victorian
Total Sq Ft 5602
Elementary School Thomas Jefferson
Middle School Thomas Jefferson
Legal Description ERICKSONS SPECTACLE LAKE SUB LOT 14& W12 LT 7& TRI N END LOT 6 BLK 1
Virtual Tour https://vimeo.com/1197861870?fl=pl&fe=cm
Agent First Name Jay Robert
Agent Last Name Mayden
DOM 8
Tax Year 2025
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InteriorBasement Walk-Out Basement Finished Outside Entrance Walk-up
Fireplace(s) 4
Beds 7
Total Rooms 20
Dining Room Length 21
Dining Room Width 12
Breakfast Room Length 15
Breakfast Room Width 11
Fireplace Breakfast Room Living/Great Rm Rec Rm 1st Bdrm
Family Room Width 16
Living Room Width 11
Other Room 1 Description Foyer
Other Room 2 Description Bedroom six
Other Room 3 Decription Office
Family Room Length 28
Living Room Length 17
Full Baths Main 0
Full Baths Upper 7
Above Grade Bedrooms 7
Below Grade Baths 2
Below Grade Bedrooms 0
Full Baths Below Grade 1
Half Baths Below Grade 1
Half Baths Main 1
Half Baths Upper 0
1st Bedroom Level Lower
1st Bedroom Width 16
2nd Bedroom Length 17
2nd Bedroom Level Upper
2nd Bedroom Width 15
3rd Bedroom Length 12
3rd Bedroom Level Upper
3rd Bedroom Width 10
4th Bedroom Length 17
4th Bedroom Level Upper
4th Bedroom Width 10
5th Bedroom Length 12
5th Bedroom Level Upper
5th Bedroom Width 9
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ExteriorExterior Wood
Water Frontage 60
Driveway Asphalt
Pool No
Waterfront Lake
Garage Length 20
Garage Width 35
Lot Size Area 9148
Lot Dimensions 50x141x12x168
Lot Description Slope Waterfront 0-2.9999
Water Features Boat Docking Rights
Garage Capacity 2
Lake Non Ski Lake
Waterfront Y/N Yes
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* Excluded FeaturesList ByJay Robert MaydenListing Agent
Kraft Real Estate Auctions LlcBroker
Affordability Calculator
- Monthly Principal & Interest
- $3,156
- Monthly Property Taxes
- $383
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbySingle family listings in Valparaiso, IN
Average List Price $553,579
Percent of Sale Price 11%
About Valparaiso, IN 34,653 Population
16% Since 2002
$ 52,868 Median Income
35.65 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
5506628 Elementary School
5160604 Middle School
Valparaiso High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/28/2026 | $499,900 | | Listed Price |