5493 E Colonial Oaks Drive
Monticello, IN, 47960 $ 469,900
Bedrooms3 Baths1.0 Sq 1,392 Monthly Estimate*
$ 2,967
for $469,900 with 3 bedrooms and 1 full bath. This 1,392 square foot home was built in 1963 on a lot size of 0.322.
Welcome to 5493 Colonial Oaks a once in a lifetime opportunity to own the most breathtaking views on Lake Freeman. Enjoy expansive, panoramic vistas spanning over 8,000 feet from your private shoreline to opposite shore, overlooking famous Ski-Island. Blending modern sophistication with timeless rustic charm, this stunning lake home has been completely renovated, creating a beautifully refined retreat designed for comfort and unforgettable lake living. Stepping through the front-door, you're immediately met with wall-to-wall windows for priceless lake views. The kitchen features Quartz countertops, slow-close cabinetry, farmhouse sink & shelves, and sleek black stainless steel appliances. The open flow from the dining area into the living room creates an inviting space designed for gathering with a walkout deck overlooking the lake. Shiplap ceilings accented by warm wood beams, pine trim and moulding, and high-end luxury laminate flooring create a sophisticated yet rustic atmosphere. A wood-burning brick fireplace adds character and ambiance, making the space inviting in every season. The updated bathroom features a shiplap accent wall, new vanity/fixtures, custom shelving, and a tiled shower. Original hardwood floors add warmth to both main-level bedrooms, preserving a touch of charm. Continue downstairs past modern black balusters and rustic, oak-stained railing to discover the private primary suite. The spacious primary opens directly onto its own private, lakefront deck. Just off the bedroom, a walk-in closet/laundry room offers convenience and is already plumbed for a future ensuite half-bath, providing an opportunity to further customize the space. The striking two-tone black exterior complements the homes modern-rustic charm, featuring a new metal roof, siding, fascia, soffits with accent lighting, windows, and matching 20x24 garage. A new concrete patio with gazebo and outdoor TV creates an inviting entertaining space, complemented by a spacious, level yard. On the lake side, two large decks connect to the main living areas, with another leading to 60' of lake frontage, private pier, boat lift, and jet-ski lift. New gravel provides additional parking, while a private golf-cart path adds convenience. Opportunities to own a lakefront property in this sought-after neighborhood are exceptionally rare, with only one home having come to market in the past five years. Schedule today to own a piece of Lake Freeman paradise.
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FeaturesGeneralSewer Regional
Heating Forced Air
Kitchen Level Main
Cooling Central Air
Laundry Y/N Basement
Fireplaces Yes
Water Access Type Lakefront
Garage Detached
Status Active Active
Full Baths 1
Half Baths 0
Bathrooms 1
Year Built 1963
New Construction No
Subdivision None
Style One Story
Township Union
Class RESIDENTIAL
Type Site-Built Home
Age 63
REO No
Status Detail 0
Dining Room Level Main
Area White County
High School Twin Lakes
City Monticello
School District Twin Lakes School Corp.
Total Sq Ft 1392
Elementary School Twin Lakes
Middle School Twin Lakes
Legal Description STAHLS COLONIAL OAKS SUB 1 LOT 15
Virtual Tour https://raeco-realty.aryeo.com/sites/ewnvamgn/unbranded
Agent First Name Cody
Agent Last Name Miller
DOM 6
Tax Year 2025 PAY 2026
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InteriorBasement Walk-Out Basement
Fireplace(s) 1
Beds 3
Total Rooms 8
Dining Room Length 12
Dining Room Width 8
Fireplace Living/Great Rm
Living Room Width 16
Living Room Length 25
Full Baths Main 1
Full Baths Upper 0
Above Grade Bedrooms 2
Below Grade Baths 0
Below Grade Bedrooms 1
Full Baths Below Grade 0
Half Baths Below Grade 0
Half Baths Main 0
Half Baths Upper 0
1st Bedroom Level Lower
1st Bedroom Width 11
2nd Bedroom Length 12
2nd Bedroom Level Main
2nd Bedroom Width 11
3rd Bedroom Length 12
3rd Bedroom Level Main
3rd Bedroom Width 12
Extra Room Description closet/utility
Extra Room Length 14
Extra Room Level Basement
Extra Room Width 7
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ExteriorExterior Vinyl
Water Frontage 60
Pool No
Waterfront Lake
Garage Length 20
Garage Width 24
Lot Size Area 14026
Lot Dimensions 60x234
Lot Description Lake
Garage Capacity 2
Lake Ski Lake
Waterfront Y/N Yes
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* Excluded FeaturesList Bycodymillerre@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,967
- Monthly Property Taxes
- $147
- 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 Monticello, IN
Average List Price $357,307
Percent of Sale Price 24%
About Monticello, IN 5,515 Population
-4% Since 2002
$ 40,981 Median Income
40.82 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
5529896 Elementary School
5529894 Middle School
Twin Lakes High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/24/2026 | $469,900 | | Listed Price |