Homes for Sale in Monticello, IN Between $350,000 to $400,000

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Welcome to your dedicated resource for Homes for Sale Between $350,000 to $400,000 in Monticello, IN. This page is your live portal for listings that match the exact homes for sale you demand, filtering out irrelevant properties to save you time. As a local Monticello, IN agent, Kimberly Sut Group specializes in the unique market dynamics of this area, offering insights into amenities, home values, and investment potential. Start exploring the properties currently available between $350,000 to $400,000 below, or contact a local agent to discuss the details that matters most to your search.

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All Monticello, IN Homes for Sale Between $350,000 to $400,000

$389,000

4 Beds ⋅ 3 Baths ⋅ 202636889 MLS ⋅ 2,106 SqFt. ⋅ Chris Thayer

This spacious Lake Shafer home features four bedrooms, 2.5 bathrooms, and two separate living areas. It is conveniently located within walking distance to Indiana Beach Amusement Park, where fun, fireworks and dining await, yet situated in a quiet cove that offers privacy and tranquility at your lake retreat. Additional features include a large deck overlooking the waterfront, a covered front porch, an attached garage, and an extra concrete pad for guest parking. The property is seeking your cosmetic updates, offering an opportunity to customize the space to your preferences. Don't miss this opportunity! FYI...the downed tree from a storm will be removed soon!

5182 Highland Cove Ct, Monticello

Listing courtesy of Chris Thayer from REAL ESTATE NETWORK L.L.C. Cell: 574-870-1354

$383,900

3 Beds ⋅ 2 Baths ⋅ 202636490 MLS ⋅ 1,667 SqFt. ⋅ Michael Lewis

New construction with Lake Shafer access in Lakeview Bay—Lake Shafer's newest residential community! Located at 2026 Deepwater Loop, this thoughtfully designed 3-bedroom, 2-bath ranch combines a spacious open floor plan, quality construction and access to the subdivision's lakeside common area, community pier and courtesy dock. The great room opens naturally to the dining area and island kitchen, creating a bright central living space, while the split-bedroom layout provides privacy for the primary suite, which features a spacious bath with dual vanities, custom-tiled walk-in shower, private toilet area and generous walk-in closet. Quality finishes throughout include Hardie board siding, solid-surface countertops, custom tile backsplash, stainless steel kitchen appliances, pet-friendly luxury vinyl plank flooring, matte black fixtures and energy-efficient construction. Lakeview Bay offers something especially hard to find with an interior homesite: access to Lake Shafer through the subdivision's common area with deck, stairs, community pier and courtesy dock, providing homeowners a convenient way to enjoy the lake without the lakefront price. The community features paved streets and dedicated lakeside amenities, along with architectural covenants designed to help protect neighborhood standards and property values over time. Located on Norway Road across from Pine View Golf Course and just minutes from Indiana Beach, Tippecanoe Country Club, shopping and downtown Monticello, Lakeview Bay combines new construction, lake access and a thoughtfully planned neighborhood setting.

2026 Deepwater, Monticello

Listing courtesy of Michael Lewis from REAL ESTATE NETWORK L.L.C. Cell: 574-581-9962

$399,000

2 Baths ⋅ 202614859 MLS ⋅ Steven Childers

Fully leased, income-producing multi-tenant retail property located along US Hwy 421 in Monticello, serving both local traffic and strong seasonal demand from nearby lakes and attractions. The property consists of approximately 4,376 SF across three suites (Units A, B, and C), all secured with leases through 1/1/2028. The property generates total gross rental income of $3,200 per month ($38,400 annually). Tenants reimburse their share of utilities and operating expenses, allocated at 40% (Units A and B) and 20% (Unit C). These expenses—including gas/electric, sewer, trash, internet, and exterior maintenance—are passed through to tenants, with ownership primarily responsible for taxes and insurance. The tenant mix includes a diner, bakery, and dog grooming business, all operated by established ownership, providing stable, service-based occupancy with consistent local demand. The property has undergone extensive renovations, including new roof, siding, windows, doors, electrical, plumbing, paved parking lot, and a lighted roadside sign. Interior buildout includes commercial-grade improvements, and most fixtures, equipment, and furnishings transfer with the sale. An additional adjacent parcel is available for purchase, offering future development or expansion potential. This is an ideal opportunity for investors seeking stable income with limited landlord responsibilities and future upside through rent adjustments. Contact listing broker for additional financials, lease details, and to schedule a private tour.

12150 N Us Hwy 421, Monticello

Listing courtesy of Steven Childers from Keller Williams Lafayette. Agt: 765-413-6046

$382,090

3 Beds ⋅ 2 Baths ⋅ 202629810 MLS ⋅ 1,765 SqFt. ⋅ Kimberly Sut

Lake life is calling! This well-maintained 3-bedroom, 2-bath home offers the perfect combination of comfortable living, extra storage, and easy access to the water. Situated on one of the largest corner lots in the neighborhood, this property includes two parcels, giving you additional space and private lake access just across the street. Inside, you’ll find a spacious layout featuring a welcoming kitchen with a center island, soft-close cabinetry, updated countertops, and plenty of room for gathering. The primary suite includes a private en-suite bathroom, creating a comfortable retreat at the end of the day. Step outside through the double patio doors to an area complete with an electric awning, making it easy to relax and entertain in nearly any weather. The partially fenced backyard provides room for pets, play, gardening, or outdoor enjoyment. Storage is no issue with an attached 2-car garage plus two additional detached garages/storage buildings, offering space for extra vehicles, boats, recreational equipment, or a workshop. An RV electrical hookup adds even more versatility for campers, motorhomes, or specialty equipment. Just across the street, your second parcel provides access to the lake where you can spend your days boating, fishing, swimming, or simply unwinding by the water. The electric boat lift is already in place—just bring your boat—and the private pier is perfect for casting a line, enjoying the views, or watching the sunset. A charming gazebo creates the ideal spot to relax and take in the peaceful lake scenery. Whether you’re looking for a full-time residence, a weekend getaway, or the ultimate lake retreat, this property offers an incredible opportunity to enjoy everything lake living has to offer. With so many features and amenities, this home is truly one you need to experience in person. Schedule your private showing today!

5008 E Shady Point Dr, Monticello

Listing courtesy of Kimberly Sut from Listing Leaders Executive Real Estate Group, LLC.

$385,900

3 Beds ⋅ 2 Baths ⋅ 202626388 MLS ⋅ 1,694 SqFt. ⋅ Michael Lewis

Proposed Construction – The Ashford by Luxe Homes! Construction is anticipated to begin in Fall 2026, giving buyers the opportunity to personalize exterior colors, interior finishes, cabinetry, countertops, flooring, paint, and other selections prior to construction, subject to builder specifications, scheduling, and material availability. This thoughtfully designed 3-bedroom, 2-bath ranch features an open-concept floor plan with a coffered great room ceiling, spacious kitchen with a large island, solid surface countertops, custom tile backsplash, walk-in pantry, and quality finishes throughout. The private primary suite offers a double vanity, custom tiled walk-in shower, separate water closet, and generous walk-in closet. Additional features include an oversized approximately 700 sq. ft. garage, mudroom entry, separate laundry room with custom cabinetry and utility sink, covered front porch, and covered rear patio. Located on an interior homesite in Lakeview Bay, owners enjoy deeded access to Lake Shafer through the community common area featuring a shared lakeside deck, stairway, and pier for temporary mooring. Photos and renderings are representative only and may depict optional features. Final specifications, dimensions, pricing, and included features are subject to change.

2031 Deepwater Loop, Monticello

Listing courtesy of Michael Lewis from REAL ESTATE NETWORK L.L.C. Cell: 574-581-9962

$399,900

3 Beds ⋅ 2 Baths ⋅ 202549082 MLS ⋅ 1,622 SqFt. ⋅ Cathy Russell

This beautiful new, 3 bedroom, 2 bathroom home in the Meadowbrook neighborhood is just steps away from Lake Freeman. Scheduled to be completed in February, it features the Blackthorne floor plan and sits on a spacious 1-acre lot. Property taxes currently reflect vacant land only and will be reassessed upon completion of the home.

5758 E St Johns Ave, Monticello

Listing courtesy of Cathy Russell from @properties.

$384,900

4 Beds ⋅ 3 Baths ⋅ 202607824 MLS ⋅ 3,624 SqFt. ⋅ Gregory Vogel II, Gri

Peaceful Retreat with Space to Roam, Just South of Monticello. Escape the hustle and embrace the quiet beauty of country living in this spacious 4-bedroom,3-bathroom home nestled on a scenic lot just minutes from town. Backed by pristine wilderness, you’ll enjoy daily views of deer, wild turkey, and other wildlife right from your backyard. A true nature lover’s paradise. The location offers easy access to nearby lakes, making it perfect for boating, fishing, and exploring the outdoors. Outdoor Living at Its Best. Step onto the updated front deck or unwind on the refurbished back deck, ideal for morning coffee or watching the sunset. A circular driveway welcomes you home, with two detached garages providing plenty of room for storage, hobbies, or a workshop. The private backyard is designed for both relaxation and play, featuring a fire pit area, cleared open space, and plenty of room to entertain. Comfort, Character, and Convenience Inside, you’ll find a warm, open layout with a cozy gas fireplace, a dedicated den or office, and a full basement offering flexible space for storage or future use. Flooring includes a mix of hardwood, updated laminate, and tile for a clean, low-maintenance finish. Treat yourself to year-round relaxation in the dedicated hot tub room, a rare and inviting feature. The updated kitchen features stainless steel appliances, oak cabinetry, new countertops, and a garbage disposal. Both functional and stylish. Whether you’re looking for a forever home or a weekend escape, this well-maintained property offers the perfect balance of comfort, privacy, and rural charm. With room to grow!

4386 E Luse Rd, Monticello

Listing courtesy of Gregory Vogel II, Gri from VOGEL REAL ESTATE. gvogeljr@vogel-real-estate.com

$399,000

4 Beds ⋅ 2 Baths ⋅ 202626076 MLS ⋅ 2,160 SqFt. ⋅ Jace Hicks

OPEN HOUSE AUG 30 1-3 p.m. The actual address GPS coordinates are as follows 40.76183697529391 -86.75329010497451 Type in 200 E. STATE ROAD 16 Monticello IN 47960 This beautiful fully remodeled 4-bedroom, 2-bath home offers the perfect blend of comfort, space, and lake living on scenic Lake Shafer. Designed for both everyday living and entertaining, this inviting property features spacious living areas, generously sized bedrooms, and thoughtful updates throughout. The finished basement creates an exceptional gathering space ideal for hosting, game days, or relaxing evenings at home. An oversized garage provides abundant room for vehicles, lake toys, tools, and storage, offering the flexibility today's homeowners desire. Enjoy the convenience of being just moments from boating, fishing, dining, and all the recreational opportunities that make the Lake Shafer area one of Monticello's most sought-after destinations. Whether you're looking for a year-round residence, a weekend retreat, or a place to create lasting memories, this exceptional property delivers the lifestyle you've been searching for.

200 E State Road 16th Hwy, Monticello

Listing courtesy of Jace Hicks from Summerland Realty Group, LLC.

$382,090

3 Beds ⋅ 2 Baths ⋅ 842836 MLS ⋅ 1,765 SqFt. ⋅ Kimberly Sut

Lake life is calling! 2 Lots included. This well-maintained 3-bedroom, 2-bath home offers the perfect combination of comfortable living, extra storage, and easy access to the water. Situated on one of the largest corner lots in the neighborhood, this property includes two parcels, giving you additional space and your own private lake access just across the street. Inside, you'll find a spacious layout featuring a welcoming kitchen with a center island, soft-close cabinetry, updated countertops, and plenty of room for gathering. The primary suite includes a private en-suite bathroom, creating a comfortable retreat at the end of the day. Step outside through the double patio doors to an area complete with an electric awning, making it easy to relax and entertain in nearly any weather. The partially fenced backyard provides room for pets, play, gardening, or outdoor enjoyment. Storage is no issue with an attached 2-car garage plus two additional detached garages/storage buildings, offering space for extra vehicles, boats, recreational equipment, or a workshop. An RV electrical hookup adds even more versatility for campers, motorhomes, or specialty equipment. Just across the street, your second parcel provides access to the lake where you can spend your days boating, fishing, swimming, or simply unwinding by the water. The electric boat lift is already in place--just bring your boat--and the private pier is perfect for casting a line, enjoying the views, or watching the sunset. A charming gazebo creates the ideal spot to relax and take in the peaceful lake scenery. Whether you're looking for a full-time residence, a weekend getaway, or the ultimate lake retreat, this property offers an incredible opportunity to enjoy everything lake living has to offer. With so many features and amenities, this home is truly one you need to experience in person. Schedule your private showing today!

5008 E Shady Point Drive, Monticello

Listing courtesy of Kimberly Sut from Listing Leaders Executive RE.

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Updated . Information deemed reliable but not guaranteed.

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.