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$84,900 Just Listed
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Property Description
Discover why so many buyers choose Crown Point and the gated Falling Waters community as their forever-home destination. Falling Waters offers a private, resort-like setting defined by wooded homesites, and serene water views, creating a peaceful environment where wildlife, natural scenery, and quiet walking areas are part of everyday life. A gated entrance provides added privacy and security, while strong pride of ownership is evident throughout the neighborhood, which features custom-built homes ranging from upscale to true luxury. Beyond the gates, Crown Point delivers a vibrant community lifestyle centered around its historic Downtown Square and Bulldog Park. Residents enjoy a full calendar of annual events, including the Summer Corn Roast, Taste of Crown Point, the Summer Concert Series, and the Fourth of July Parade and Fireworks. Seasonal activities continue throughout the year with ice skating, a Santa Parade, a New Year's Eve Ball Drop, and rotating festivals and markets that bring the community together. Despite its tranquil, nature-filled setting, Falling Waters is just minutes from shopping, dining, parks, and recreation, and approximately 40 minutes from downtown Chicago, offering an ideal balance of retreat-style living and everyday convenience. Low Porter County taxes and access to highly regarded Crown Point schools further enhance the value, making Falling Waters one of Northwest Indiana's most sought-after gated communities for those seeking lifestyle, community, and long-term value.
Full Property Details
Full Property Details for 81 Morena Terrace
General
- Price: $84,900
- HOA FEE: $1,050
- Taxes: $1,552 (2025)
- Status: Active
- Type: Lots/Land
- Source: GNIAR
- MLS ID: 832991
- Updated: 1/19/2026
- Added to Site: 1 day(s) ago
Location
- County: Porter
- Township: Porter
- Subdivision: Falling Waters
- Driving Directions: East 109th becomes 100 South - Falling Waters is directly past Lake of Four Seasons approx. 1/2 mile on North side of road
School Information
- High School District: Porter Township
Community
- Association: Yes
- Assoc. Fees Include: Trash
Lot Features
- Lot Size (Acres): 0.51
- Lot Size (Sq. Ft.): 22,216
- Lot Features: Cul-De-Sac, Wooded, Few Trees
- Zoning: Residential
Financial Considerations
- Association Fee: $1,050
- Tax Amount: $1,552.92
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: FALLING WATERS LOT 225 .51A
- Property ID: 641103407002000018
Listed by Weichert Realtors - Shoreline
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Schools
Schools serving 81 Morena Terrace
School District:Porter Township School Corporation
| Name | Grades | Distance |
|---|---|---|
Porter Lakes Elementary School 208 S 725 W, Hebron, IN 46341 | PK-3 | 1.4 mi |
Boone Grove Elementary School 325 W 550 S, Boone Grove, IN 46302 | 4-5 | 6.2 mi |
Boone Grove Middle School 325 W 550 S, Boone Grove, IN 46302 | 6-8 | 6.2 mi |
Boone Grove High School 260 South 500 West, Valparaiso, IN 46385 | 9-12 | 2.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 81 Morena Terrace
Date
Details
Price
Change
Source
1/19/2026
Listed
$84,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 81 Morena Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,479
-1%
$83,600
—
2023
$1,494
49%
$83,600
72%
2022
$1,006
2%
$48,500
—
2021
$982
14%
$48,500
10%
2020
$865
-5%
$44,100
—
2019
$907
—
$44,100
—
2018
$903
3%
$44,100
—
2017
$873
—
$44,100
51%
2017
$873
40%
$29,300
—
2016
$625
-77%
$29,300
-2%
2015
$2,745
62%
$30,000
-68%
2013
$1,699
—
$94,600
—
2012
$1,699
—
$94,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 81 Morena Terrace
81 Morena Terrace, Crown Point, IN 46307 (MLS# 832991) is a Lots/Land property with a lot size of 0.51 acres. 81 Morena Terrace is currently listed for $84,900 and was received on January 19, 2026. Want to learn more about 81 Morena Terrace? Do you have questions about finding other Lots/Land real estate for sale in Crown Point? You can browse all Crown Point real estate or contact a Coldwell Banker agent to request more information.

