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$612,000 -$3,000 (-0.49%) Price Reduced
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Property Description
Welcome to Magnolia Meadows! Tucked at the end of a peaceful cul-de-sac, this better-than-new 4,116 SF home blends luxury, comfort, and a little everyday magic. Set on an oversized lot with serene pond views, you'll love watching the lighted fountain sparkle at night--and yes, the pond is fully stocked with fish, making it a dream for relaxing mornings or evening strolls. Inside the home feels bright, crisp and refreshed with new carpeting and fresh paint throughout within the last year! The open floor plan effortlessly connects the living, dining, and kitchen spaces. The gourmet kitchen shines with quartz countertops, stainless appliances, and a large island made for gathering. A butler's pantry sits just off the dining room--your secret weapon for storage, hosting, and keeping the kitchen spotless. The great room, centered around a cozy fireplace, is the heart of the home. Upstairs, a spacious loft offers the perfect flex zone for work, play, or winding down. The owner's suite feels like a private retreat with its spa-inspired bathroom and walk-in closet. You'll also appreciate the convenience of an upstairs laundry room. And when it's time to entertain? Head to the full finished basement--complete with a home theater, expansive rec room, and a full bathroom. Movie nights, game days, celebrations... this space can handle it all. Rounding out the home is a 3-car garage fully finished with plenty of room for storage (custom built shelving), hobbies, and parking. Smart home apps available for the garage doors and thermostat. Move-in ready, beautifully maintained, and located in one of the area's most desirable neighborhoods--this is the one you've been waiting for!
Full Property Details
Full Property Details for 540 Lily Ct
General
- Price: $612,000
- HOA FEE: $120
- Taxes: $3,598 (2024)
- Status: Active
- Type: Single Family
- Source: GNIAR
- MLS ID: 831146
- Updated: 1/11/2026
- Added to Site: 55 day(s) ago
Interior
- Number of Rooms: 11
- Interior Features: Ceiling Fan(s), Pantry, Open Floorplan, Kitchen Island, High Ceilings, Eat-in Kitchen, Entrance Foyer, Crown Molding
- Fireplace: Yes
- Number of Fireplaces: 1
- Appliances: Dryer, Washer, Stainless Steel Appliance(s), Refrigerator, Microwave, Gas Range, Dishwasher
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 5
Exterior
- Exterior Features: Rain Gutters
Parking
- Garage Spaces: 3
- Parking Features: Garage Door Opener, Garage Faces Front, Driveway, Concrete
Location
- County: Porter
- Township: Center
- Subdivision: Magnolia Mdws Ph 2
- Driving Directions: from Meridian, West on 550 North to Magnolia Meadows, South on Marilyn Way, West on Sweetbay, Right on Lily Ct.
Community
- Association: Yes
- Assoc. Fees Include: Maintenance Grounds
Heating & Cooling
- Heating Type: Central
Structural Information
- Square Feet: 4,116
- Year Built: 2022
Lot Features
- Lot Size (Acres): 0.398
- Lot Size (Sq. Ft.): 17,337
- Lot Features: Back Yard, Front Yard, Few Trees, Cul-De-Sac
- Zoning: residential
Financial Considerations
- Association Fee: $120
- Tax Amount: $3,598
- Tax Year: 2024
- Terms: Cash, VA Loan, FHA, Conventional
Disclosures and Reports
- Legal Description: MAGNOLIA MEADOWS PH 2 LOT 50 .398A
- Property ID: 640904428022000003
Listed by Banga Realty, LLC
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Schools
Schools serving 540 Lily Ct
School District:Valparaiso Community Schools
| Name | Grades | Distance |
|---|---|---|
Memorial Elementary School, Valparaiso, IN 1052 Park Ave, Valparaiso, IN 46383 | K-5 | 3.2 mi |
Benjamin Franklin Mid School 605 Campbell Street, Valparaiso, IN 46385 | 6-8 | 3.5 mi |
Valparaiso High School 2727 Campbell Street, Valparaiso, IN 46385 | 9-12 | 2.5 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 540 Lily Ct
Date
Details
Price
Change
Source
1/11/2026
Price Reduced
$612,000
-0.49%
MLS
11/22/2025
Listed
$615,000
5.13%
MLS
9/23/2024
Sold
$585,000
—
Public Record
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 540 Lily Ct
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,738
187%
$480,400
126%
2023
$1,303
—
$212,900
—
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 540 Lily Ct
540 Lily Court, Valparaiso, IN 46385 (MLS# 831146) is a Single Family property with 5 bedrooms and 4 full bathrooms. 540 Lily Court is currently listed for $612,000 and was received on November 22, 2025. Want to learn more about 540 Lily Court? Do you have questions about finding other Single Family real estate for sale in Valparaiso? You can browse all Valparaiso real estate or contact a Coldwell Banker agent to request more information.

