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5493 E Colonial Oaks Drive

Site-Built Home • 63Y Old
$469,900 Listed 1 week ago
3 Bedrooms 2 on Main Level
1 Bathroom
1392 sqft
0.32 Acres
2 Car Garage Detached 24 × 20 (480 sqft)
Basement Garage
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Property Description

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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Property
MLS # 202639560
Date Listed 2026-09-24
Status Active
Property Type Residential
Property SubType Site-Built Home
Square Feet 1,392 sqft
New Construction No
Style One Story
Type Site-Built Home
Basement Yes
Bedrooms 3
Bathrooms 1
Annual Taxes $1,764.32
Year Taxes Payable 2025 PAY 2026
Year Built 1963
Virtual Tour raeco-realty.aryeo.com »
Days on Market 8
Homestead Year No
Additional
Cooling Central Air
Heating Forced Air
Garage Detached
Room Dimensions
Living Room 25 × 16 Main Level
Dining Room 12 × 8 Main Level
Kitchen 13 × 8 Main Level
Master Bedroom 15 × 11 Lower Level
2nd Bedroom 12 × 11 Main Level
3rd Bedroom 12 × 12 Main Level
Extra Room 14 × 7 Basement Level
Bathroom Locations
Full Baths 1 Main
External Features
Construction Site-Built Home
Exterior Vinyl
Lot Size 14,026 sq ft
Acreage 0.32 Acres
Lot Dimensions 60x234
Sewer Regional
Water Well
Fence None
Location
Area White County
County White
Subdivision None
Township Union
City Monticello
State IN
Zip 47960
Schools
School District Twin Lakes School Corp.
Elementary Twin Lakes
Middle School Twin Lakes
High School Twin Lakes
Financial
Assoc. Dues $0.00 Not Applicable
Contact

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MLS# 202639560
Listing Provided Courtesy of Cody Miller
Raeco Realty

Listing updated September 28, 2026 at 6:15 pm
Last checked 7 minutes ago

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.