Price Reduction - Waterfront - Primary on Main - Eco Friendly
Address
7266 Locust Lake West Drive, Spencer, IN
Price
$ 284,900
Property Attributes
- MLS#202631085
- TypeSingle Family
- Listing Status Active
- CountyOWEN
- CitySpencer
- AreaMontgomery
- NeighborhoodLocust Lake
- Zip47460
- StyleRanch
- Year Built1965
- Taxes$ 542
- Price$ 284,900
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1776
- Lot Size0.32 Acres
Data Source:
Indiana Regional MLS (IRMLS)
Property Description
Experience peaceful lakefront living in the desirable Locust Lake community, conveniently located in northern Owen County just minutes from I-70. This meticulously maintained sandstone ranch offers picturesque water views, thoughtful updates, and a move-in-ready interior designed for comfortable everyday living and entertaining. Offering 1,776 square feet of finished living space, this home features three bedrooms and two full bathrooms. The main level showcases an inviting open-concept living, dining, and kitchen area where a stunning floor-to-ceiling stone fireplace with a wood-burning insert creates a warm focal point. Just off the main living space, a spacious covered deck extends your living area outdoors, providing the perfect setting for dining, relaxing, or taking in the peaceful lake views. Two main-level bedrooms feature beautiful hardwood floors and are served by a full bathroom conveniently located on the main floor. The finished walkout lower level adds exceptional flexibility with a spacious family room, a large third bedroom, a full bathroom, and a dedicated laundry room. An attached two-car garage with attic storage offers ample room for vehicles, tools, and seasonal items. Recent improvements provide added value and peace of mind, including a new well, a newer HVAC system with an energy-efficient mini-split serving the lower level, roof, well pump, sump pump, dock, and covered rear deck. Step outside to enjoy your private lakefront setting, whether relaxing by the water, casting a line from the dock, or exploring the electric motor-only lake. Locust Lake offers an affordable homeowners association with annual dues of less than $450. Ideally located near Cataract Falls, Cataract Lake, and McCormick's Creek State Park, this property provides convenient access to boating, fishing, hiking, and a variety of outdoor recreation opportunities while remaining just minutes from Interstate 70 for an easy commute.
| Elementary School | Middle School | High School |
|---|---|---|
| Gosport Elementary School | Owen Valley Middle School | Owen Valley High School |
| Price History | |
|---|---|
| 8/1/2026 | Listed $289,900 |
| 8/23/2026 | 2$284,900 |
General Features
| Sewer | Septic |
|---|---|
| Heating | Forced Air,Multiple Heating Systems,Propane Tank Rented |
| Kitchen Level | Main |
| Cooling | Central Air,Multiple Cooling Units |
| Laundry Y/N | Lower |
| Fireplaces | Yes |
| Water Access Type | Lakefront |
| Garage | Attached |
| Amenities | Ceiling Fan(s),Countertops-Laminate,Deck Covered,Detector-Carbon Monoxide,Detector-Smoke,Garage Door Opener,Generator Ready,Open Floor Plan,Porch Open,Tub/Shower Combination,Sump Pump |
| Status | Active |
| Full Baths | 2 |
| Bathrooms | 2 |
| Year Built | 1965 |
| New Construction | No |
| Subdivision | Locust Lake |
| Style | One Story |
| Township | Montgomery |
| Class | RESIDENTIAL |
| Type | Site-Built Home |
| Age | 61 |
| FIPS Code | 18119 |
| Associated Document Count | 2 |
| REO | No |
| Status | Active |
| Auction Y/N | No |
| Dining Room Level | Main |
| Annual Taxes | 542.46 |
| Area | Owen County |
| Location | Rural Subdivision |
| High School | Owen Valley |
| City | Spencer |
| School District | Spencer-Owen Community Schools |
| Assoc. Dues Frequency | Not Applicable |
| Architectural Style | Ranch |
| Total Sq Ft | 1776 |
| Elementary School | Gosport |
| Middle School | Owen Valley |
| Legal Description | Locust Lake Lot 2 |
| Virtual Tour | https://www.propertypanorama.com/instaview/irmls/202631085 |
| Agent First Name | Corey |
| Agent Last Name | Mauder |
| DOM | 40 |
| Tax Year | 2025 Payable 2026 |
| PROPOSED FINANCING | Cash,Conventional,FHA,USDA,VA |
Interior Features
| Basement | Walk-Out Basement,Finished |
|---|---|
| Fireplace(s) | 1 |
| Flooring | Hardwood Floors,Concrete,Vinyl |
| Kitchen Length | 14 |
| Laundry Room Width | 11 |
| Laundry Room Length | 11 |
| Kitchen Width | 12 |
| Beds | 3 |
| Total Rooms | 6 |
| Dining Room Length | 10 |
| Dining Room Width | 11 |
| Fireplace | Dining Rm,Wood Burning Stove |
| Family Room Width | 16 |
| Living Room Width | 16 |
| Family Room Length | 25 |
| Living Room Length | 11 |
| Full Baths Main | 1 |
| Total Finished SqFt | 1776 |
| Basement Y/N | Yes |
| Above Grade Bedrooms | 2 |
| Below Grade Baths | 1 |
| Below Grade Bedrooms | 1 |
| Full Baths Below Grade | 1 |
| 1st Bedroom Level | Lower |
| 1st Bedroom Width | 11 |
| 2nd Bedroom Length | 12 |
| 2nd Bedroom Level | Main |
| 2nd Bedroom Width | 11 |
| 3rd Bedroom Length | 12 |
| 3rd Bedroom Level | Main |
| 3rd Bedroom Width | 9 |
| Above Grade Finished SqFt | 888 |
| Below Grade Finished SqFt | 888 |
| Living/Great Rm Level | Main |
| Basement Material | Block |
Exterior Features
| Exterior | Vinyl |
|---|---|
| Water Frontage | 150 |
| Driveway | Concrete |
| Pool | No |
| Waterfront | Lake |
| Garage Length | 28 |
| Garage Width | 23 |
| Lot Size Area | 13939 |
| Lot Description | Slope,Waterfront,0-2.9999 |
| Fence | None |
| Garage SqFt | 644 |
| Water Features | Boat Docking Rights,Pier/Dock,Assoc |
| Well Type | Private |
| Water Name | Locust Lake |
| Approx. Lot Size Acres | 0.32 |
| Garage Capacity | 2 |
| ROOF MATERIAL | Shingle |
| Lake | Non Ski Lake |
| Waterfront Y/N | Yes |
| Garage Y/N | Yes |
Amenities
- Foreclosure
- Views
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
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. IDX information is provided by the Indiana Regional MLS.
Information last updated on September 11, 2026 5:57 PM UTC
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