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12924 N 1225 W

Monticello, IN 47960

3 beds
3 baths
4 sqft
11,238 sqft lot
$129,975 per sqft
– on site

Just 30 minutes from I-65/SR 43, discover this stunning and fully renovated Lake Freeman waterfront home — the perfect weekend escape or an incredible short-term rental investment! With 75% of available weekends booked since the start of 2025 and $11,800 in future summer reservations, this 3-bedroom, 3.5-bath gem is ready to perform. Step inside and you’re welcomed by rich, thin plank hardwood floors that flow throughout, leading you into the expansive 24x13 primary suite — one of three en suite bedrooms. This suite is a showstopper, featuring vaulted wood ceilings, a gas fireplace, wet bar, and floor-to-ceiling windows with panoramic lake views — the perfect retreat or reading nook. The generous walk-in closet includes built-ins, while the ensuite bath features dual vanities, ample storage, and a garden tub/shower combo. The second main-floor bedroom includes a beautifully renovated en suite bathroom with a faux Carrera tiled shower, a sleek new vanity, and wood-look ceramic tile flooring. The heart of the home, however, is the open-concept lower level, where a wall of windows showcases sweeping lake views and floods the space with natural light. The kitchen is a chef’s dream, outfitted with soft-close custom wood cabinetry, high-end appliances, handcrafted wood backsplash and trim, and stunning concrete countertops, including an oversized island with seating for 8–10 — ideal for entertaining. The adjacent living and dining areas offer flexible layout options and blend seamlessly with the kitchen, creating a warm and social gathering space. Just off the kitchen is the third en suite bedroom, which feels like a boutique hotel suite. Its spa-like bath features a walk-in glass shower with black metal framing, a bench seat, and modern fixtures, plus a spacious closet hidden behind a stylish sliding barn door. Major updates mean peace of mind: metal roof (2022), new well, concrete driveway (room for 3-4 cars to park), retaining wall, and a massive lakefront deck. The serene and private beach offers a cozy firepit area and a brand-new swim dock with a ladder leading into shallow water perfect for swimming — only 3 feet deep near the shore, extending to about 15 feet. Also, this is only a 20 minute walk to the Madam Carroll!! So whether you’re looking for a high-performing Airbnb investment, a gorgeous lakeside getaway, or a combination of both, this Lake Freeman stunner has it all — incredible views, thoughtful updates, and unforgettable charm.

Listing courtesy of IRMLS

Last checked: Checking… • Last updated Jun 13, 2025 •

MLS# 202522531 —

The Building

Year Built:

1940
New Construction:

No
Style:

Two Story
Exterior:

Vinyl
Amenities:

1st Bdrm En Suite, Breakfast Bar, Cable Available, Ceilings-Vaulted, Closet(s) Walk-in, Countertops-Solid Surf, Deck Open, Deck on Waterfront, Detector-Smoke, Disposal, Dryer Hook Up Electric, Eat-In Kitchen, Firepit, Foyer Entry, Garden Tub, Kitchen Island, Landscaped, Near Walking Trail, Open Floor Plan, Range/Oven Hook Up Elec, Twin Sink Vanity, Wet Bar, Tub/Shower Combination, Main Level Bedroom Suite, Great Room, Main Floor Laundry, Washer Hook-Up
Basement:

Yes
Basement/Foundation:

Slab
Total SqFt:

2050
Total Finished SqFt:

2050
Main Level SqFt:

1401
Above Grade Finished SqFt:

2050
Upper Level SqFt:

1020

Interior

Kitchen Level:

Main
Dining Room Level:

Main
Living/Great Room Level:

Main
Laundry Level:

Main
# of Fireplaces:

1
Fireplace:

1st Bdrm
Fireplace:

Yes

Room Dimensions

Kitchen Length:

32
Kitchen Width:

10
Dining Rm Length:

16
Dining Room Width:

17
Living/Great Room Width:

16
Living/Great Room Length:

17
1st Bedroom Length:

24
1st Bedroom Width:

13
2nd Bedroom Length:

17
2nd Bedroom Width:

10
3rd Bedroom Width:

15
3rd Bedroom Length:

15
Laundry Room Length:

4
Laundry Room Width:

4

Location

Directions to Property:

Take US-421, turn left onto N 1200 W, turn left onto W 1250 N, turn right onto N 1225 W, home is on the left
Inside City Limits:

No
Latitude:

40.736271
Longitude:

-86.747931

The Property

Parcel# ID:

08-04-03-000-124.000-011
Property Subtype:

Site-Built Home
Lot Dimensions:

107x90
Lot Description:

Waterfront, Lake
Approx Lot Size SqFt:

11238
Approx Lot Size Acres:

0.258
County Zoning:

R1
Waterfront:

Yes
Water Type:

Lake
Water Access:

Lakefront
Water Frontage:

100
Channel/Canal Frontage:

100
Water Name:

Lake Freeman
Lake Type:

Ski Lake

Listing Agent

Contact info:

Taxes

Annual Taxes:

1957

Beds

Total # Bedrooms:

3
1st Bedroom Level:

Main
2nd Bedroom Level:

Upper
3rd Bedroom Level:

Upper

Baths

Total Baths:

4
Total Half Baths:

1
Total Full Baths:

3
# of Full Baths Main:

2
# Half Baths Main:

1
# of Full Baths Upper:

1

The Listing

Unbranded Virtual Tour:

https://www.propertypanorama.com/instaview/irmls/202522531

Heating & Cooling

Heating Fuel:

Forced Air
Cooling:

Central Air

Utilities

Water Utility:

Private
Sewer:

Private

Schools

Elementary:

Oaklawn
Middle School:

Roosevelt
High School:

Twin Lakes
School District:

Twin Lakes School Corp.

The Community

Subdivision:

None
Pool:

No
Association Dues Frequency:

Not Applicable

Parking

Garage:

No

Monthly cost estimate

Asking price

$519,900

Expense	Monthly cost
Mortgage	$2,783
Taxes	$936
Insurance	$142
Utilities	N/A
Total	$3,861/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
6/13/25 Jun 13, 2025	Listed / Active	IRMLS	$519,900

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This house located in Monticello, IN 47960 is currently for sale for $519,900. 12924 N 1225 W is a 4 square foot house with 3 beds and 3 baths that has been on Estately for 3 days. This house is in the attendance area of Twin Lakes Senior High School.

Listing Courtesy of: IRMLS and .

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