This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/25
$250,000 Sale Pending
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/25
Property Description
Lake Shafer Opportunity - Lake Rights, Dock & Beautiful Views! Enjoy everything Shafer Lake has to offer from this charming 2-bedroom, 1-bath home with lake rights, a boat dock, jet ski dock, and breathtaking water views. Whether you're looking for a weekend getaway, vacation rental, investment property, or year-round residence, this property offers endless potential. The home could use a little TLC, making it the perfect opportunity for buyers looking to add their own updates and personal touches while building equity. Imagine spending your days boating, fishing, jet skiing, or simply relaxing and enjoying the peaceful lake scenery. With lake access already in place and incredible views that are hard to find, this property is a fantastic opportunity to enjoy the Shafer Lake lifestyle at an affordable price. Bring your vision and make this lakeside retreat your own! Features Include: *2 Bedrooms, 1 Bathroom *Lake Rights *Boat Dock *Jet Ski Dock *Beautiful Lake Views *Great Investment Potential *Weekend Getaway or Full-Time Residence *Opportunity to Add Value with Updates Schedule your private showing today and discover the possibilities this Shafer Lake property has to offer!
Full Property Details
Full Property Details for 5505 N W Shafer Dr
General
- Price: $250,000
- Taxes: $1,905 (2024)
- Status: Pending
- Type: Single Family
- Source: GNIAR
- MLS ID: 841021
- Updated: 6/27/2026
- Added to Site: 23 day(s) ago
Interior
- Number of Rooms: 7
- Interior Features: Ceiling Fan(s)
- Appliances: Gas Range, Refrigerator, Microwave
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Exterior
- Exterior Features: Balcony
Parking
- Parking Features: Additional Parking, Gravel
Location
- County: White
- Township: Monon
- Subdivision: none
- Driving Directions: take east Monon RD to N west Shafer dr. the property will be on the left.
Heating & Cooling
- Heating Type: Central, Natural Gas, Forced Air
Structural Information
- Square Feet: 1,463
- Year Built: 1950
Lot Features
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,534
- Lot Features: Few Trees
Financial Considerations
- Tax Amount: $1,905
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: OUT NW SW 32-28-03 .15
- Property ID: 918332000009600013
Listed by eXp Realty, LLC
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 5505 N W Shafer Dr
School District:North White School Corporation
| Name | Grades | Distance |
|---|---|---|
North White Primary School 304 East Broadway Street, Monon, IN 47959 | K-5 | 5.7 mi |
North White Intermediate 305 East Broadway Street, Monon, IN 47959 | 6-8 | 5.4 mi |
North White Jr/Sr High School 305 East Broadway Street, Monon, IN 47959 | 9-12 | 5.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5505 N W Shafer Dr
Date
Details
Price
Change
Source
6/20/2026
Listed
$250,000
—
MLS
Disclaimer: Historical sales 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 5505 N W Shafer Dr
5505 N West Shafer Drive, Monticello, IN 47960 (MLS# 841021) is a Single Family property with 2 bedrooms and 1 full bathroom. 5505 N West Shafer Drive is currently listed for $250,000 and was received on June 20, 2026. Want to learn more about 5505 N West Shafer Drive? Do you have questions about finding other Single Family real estate for sale in Monticello? You can browse all Monticello real estate or contact a Coldwell Banker agent to request more information.

