For information on the following property, contact Donna Gray at Gray Realtors 765-344-6106 gray@wico.net.

SOLD

Lakefront property: Large lakefront home in Whalen Acres on over half acre with huge park like area with a sandy beach down by the lake. The brick and vinyl ranch style home is at the deep end of Raccoon Lake across from the dam. 3-4 bedrooms, 3 baths, laundry room, enclosed porch, deck, master bedroom suite and lots of closet space. 2 car garage is underneath this home. Large family room in walk out basement.  Over 2500 sq. ft. of living space. Home has been remodeled and updated and is immaculate.

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Note from Donna Gray

Raccoon Lake is a beautiful lake but purchasing property around it is very confusing because it is a flood control lake. As a Realtor, I listen closely to each each customer to make sure they purchase a piece of property which will allow them to do what they want to do on this lake.  For example, some areas do not allow anyone to tie up their boat for more than 48 hrs., other areas have a limited amount of boat ties available and you may have to wait several years to get one, Certain zones in the lake allow speed boats while others don't.  I moved to this area from Chicago in 1987, and had to move several times to find just the right place.  I love my job and work hard for each and every client. Please feel free to email or call me if you have any questions I specialize in Raccoon Lake, Rocky Fork Lake and Country Homes in Parke and Putnam County. I will show you all properties for sale on this lake, not just my own listings. 

Donna B. Gray 765-344-6106 gray@wico.net Member OF MIBOR MLS the largest MLS system in state of Indiana

Real Estate

Raccoon Lake is a great place to live if you like wooded, hilly land, water sports, and peace and quiet. There is very little land still for sale around the lake.  Homes for sale are rare, we (all Realtors) get approx. 15-20 lakefronts per year. Homes typically have steps down to the water. No one owns into the water, you own up to a CORPS marker.  If there is a flood, the water goes up to the marker on each property around the lake.  No building allowed past this line, except a sea wall style dock for your boat. Taxes (year 2002) are approx. $1,300/yr. and average home price for lakefront property is $200,000, most lots are 1/2 acre and wooded. We all use our own wells and septic systems. Shopping is typically done in Rockville, Greencastle, Terre Haute or Indianapolis. 

Lake property is typically listed as:

• Lakefront means you can walk to the water from your property

• Lakeview you can see the lake but not necessarily get to it

• Lake Access means there is a path in the subdivision where  you can walk to the water

• Boat Tie means you can tie a boat up all season to  a metal loop set into the shoreline, must have permit

• Boat Tie - 48 hrs. means you can tie a boat up for 48 hrs.    only, because it is on protected shoreline (no docks)

• Sea Wall - No more floating docks on Raccoon, they  must all be sea walls -similar to a wood deck on the edge  of the lake where you can get on and off your boat  without stepping in the water.
  

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