5493 E Colonial Oaks Drive, Monticello, IN 47960
Local realty services provided by:CENTURY 21 Circle
Listed by: cody miller
Office: raeco realty
MLS#:202639560
Source:Indiana Regional MLS
Price summary
- Price:$469,900
- Price per sq. ft.:$337.57
About this home
Welcome to 5493 Colonial Oaks — a once in a lifetime opportunity to own the most breathtaking views on Lake Freeman. Enjoy expansive, panoramic vistas spanning over 8,000 feet from your private shoreline to opposite shore, overlooking famous Ski-Island. Blending modern sophistication with timeless rustic charm, this stunning lake home has been completely renovated, creating a beautifully refined retreat designed for comfort and unforgettable lake living. Stepping through the front-door, you're immediately met with wall-to-wall windows for priceless lake views. The kitchen features Quartz countertops, slow-close cabinetry, farmhouse sink & shelves, and sleek black stainless steel appliances. The open flow from the dining area into the living room creates an inviting space designed for gathering with a walkout deck overlooking the lake. Shiplap ceilings accented by warm wood beams, pine trim and moulding, and high-end luxury laminate flooring create a sophisticated yet rustic atmosphere. A wood-burning brick fireplace adds character and ambiance, making the space inviting in every season. The updated bathroom features a shiplap accent wall, new vanity/fixtures, custom shelving, and a tiled shower. Original hardwood floors add warmth to both main-level bedrooms, preserving a touch of charm. Continue downstairs past modern black balusters and rustic, oak-stained railing to discover the private primary suite. The spacious primary opens directly onto its own private, lakefront deck. Just off the bedroom, a walk-in closet/laundry room offers convenience and is already plumbed for a future ensuite half-bath, providing an opportunity to further customize the space. The striking two-tone black exterior complements the home’s modern-rustic charm, featuring a new metal roof, siding, fascia, soffits with accent lighting, windows, and matching 20x24 garage. A new concrete patio with gazebo and outdoor TV creates an inviting entertaining space, complemented by a spacious, level yard. On the lake side, two large decks connect to the main living areas, with another leading to 60' of lake frontage, private pier, boat lift, and jet-ski lift. New gravel provides additional parking, while a private golf-cart path adds convenience. Opportunities to own a lakefront property in this sought-after neighborhood are exceptionally rare, with only one home having come to market in the past five years. Schedule today to own a piece of Lake Freeman paradise....
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Home facts
- Year built:1963
- Subdivision & Development:None
- Listing ID #:202639560
- Added:28 day(s) ago
- Updated:October 22, 2026 at 03:11 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:1
- Full bathrooms:1
- Rooms Total:8
- Dining Description:Main Level
- Kitchen Description:On Main Level
- Basement Description:Walk-Out Basement
- Living area:1,392 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
Structure and exterior
- Year built:1963
- Building area:1,392 sq. ft.
- Lot area:0.32 Acres
- Architectural Style:One Story
- Construction Materials:Vinyl
- Levels:1 Story
Schools
- High school:Twin Lakes
- Middle school:Twin Lakes
- Elementary school:Twin Lakes
Utilities
- Water:Well
- Sewer:Regional
Finances and disclosures
- Price:$469,900
- Price per sq. ft.:$337.57
- Tax amount:$1,764
Features and amenities
- Laundry features:In Basement
Parking
- Parking description:Detached
- Garage spaces:2
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