201 Spectacle Drive, Valparaiso, IN 46383 (MLS# 840160)

201 Spectacle Drive, Valparaiso, IN 46383

New Listing

$499,900

546903e2492244edc78eda3671f20a511cfe8911

Property Type: Residential Bedrooms: 7 Baths: 8 Square Footage: 5,602 Lot Size (sq. ft.): 9,148 Status: Active

Current Price: $499,900 List Date: 6/05/2026 Last Modified: 6/09/2026

Overview

Description

AUCTION! Here is a rare opportunity to own a private waterfront property offering over 5,600 square feet of living space with 7 bedrooms & 10 bathrooms! The flexible living space is designed for gathering, relaxation, privacy and everyday comfort. Configured as three fully independent living environments, this unique property is ideal for multi-generational living, extended guests, effortless weekend escapes or full-time lake living where vacation memories are made year-round, all within one cohesive residence. "1 hour from downtown Chicago" this 3-story Victorian Lake House retreat home built in 1992 is peacefully tucked just outside the city limits of North Valparaiso, only minutes from the I-80/90 (approximately 4 miles) expressway and the nearby South Shore Line. At the heart of the home is a huge gathering kitchen designed to bring everyone together, complemented by multiple living and entertaining areas ideal for relaxing, gaming, or simply enjoying the magnificent lake views. ... (Read more)

Open Houses

Saturday, June 27, 10:00 am - 12:00 pm
Sunday, July 5, 10:00 am - 12:00 pm

Listing Details MLS# 840160

General Property Information

New Construction YN: No
Bedrooms Total: 7
Bathrooms Full: Yes
Bathrooms Half: 2
Bathrooms Three Quarter: 5
Bathrooms Total: 8
Rooms Total: 20
Above Grade Finished Area: 4206
Below Grade Finished Area: 1396
Living Area: 5602
Living Area Source: Assessor
Year Built: 1992
Garage YN: Yes
Garage Spaces: 2
Lot Size Acres: 0.21
Lot Size Square Feet: 9147.6
Lot Size Source: Assessor
Association YN: No
Waterfront YN: Yes
Basement YN: No
Fireplace YN: Yes

Property Features

Appliances: Dishwasher; Dryer; Gas Range; Gas Water Heater; Microwave; Range Hood; Refrigerator; Stainless Steel Appliance(s); Washer; Water Softener Owned; Other Construction Materials: Vinyl Siding Cooling: Ceiling Fan(s); Central Air Electric: 200+ Amp Service Exterior Features: Balcony; Private Yard; Rain Gutters; Storage Fireplace Features: Gas; Great Room; Living Room; Lower Level; Other Flooring: Tile Heating: Hot Water; Natural Gas Interior Features: Ceiling Fan(s); Double Vanity; Eat-in Kitchen; Entrance Foyer; Granite Counters; High Ceilings; His and Hers Closets; Kitchen Island; Pantry; Walk-In Closet(s); Whirlpool Tub; Other Laundry Features: Laundry Room; Lower Level; Sink Levels: 3-Sty or more Listing Terms: Cash Lock Box Information: SentriLock Lot Features: Back Yard; Front Yard; Landscaped Parking Features: Asphalt; Attached; Driveway; Garage Door Opener; Garage Faces Side Patio And Porch Features: Covered; Deck; Front Porch; Porch Possession: Close Of Escrow Sewer: Public Sewer Special Listing Conditions: None View: Lake; Neighborhood; Water Water Source: Public Waterfront Features: Beach Access; Lake Front; Lake Privileges Window Features: Bay Window(s) Room Types: Bedroom 2; Bedroom 3; Bedroom 4; Bedroom 5; Bedroom 6; Bonus Room; Dining Room; Great Room; Kitchen; Laundry; Living Room; Office; Other Room; Primary Bedroom

Contract Information

Original List Price: 499900
Auction YN: Yes
Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Occupant Type: Vacant

Location Tax and Legal

Street Number: 201
Street Name: Spectacle
Street Suffix: Drive
County: Porter
State: IN
Postal Code: 46383
Subdivision Name: Ericksons Spectacle Lake Sub

Remarks and Miscellaneous

Public Remarks: AUCTION! Here is a rare opportunity to own a private waterfront property offering over 5,600 square feet of living space with 7 bedrooms & 10 bathrooms! The flexible living space is designed for gathering, relaxation, privacy and everyday comfort. Configured as three fully independent living environments, this unique property is ideal for multi-generational living, extended guests, effortless weekend escapes or full-time lake living where vacation memories are made year-round, all within one cohesive residence. "1 hour from downtown Chicago" this 3-story Victorian Lake House retreat home built in 1992 is peacefully tucked just outside the city limits of North Valparaiso, only minutes from the I-80/90 (approximately 4 miles) expressway and the nearby South Shore Line. At the heart of the home is a huge gathering kitchen designed to bring everyone together, complemented by multiple living and entertaining areas ideal for relaxing, gaming, or simply enjoying the magnificent lake views. Embrace the serenity of the wooded setting from dramatic 10-foot, 9-foot, and 8-foot ceilings, combined with four vintage fireplaces that create warmth, character, and architectural charm throughout. The main residence offers 5 bedrooms and 8 bathrooms, with each bedroom featuring its own private en-suite bath for exceptional comfort and privacy. A convenient ¾ bath located near the beach entrance provides the perfect space to rinse off after swimming, boating, or enjoying the lake. In addition to the expansive main residence, the property includes two attached private in-law apartments, each with separate exterior entrances and private deck access. Both spacious, well-appointed apartments include a bedroom with walk-in closet, full bath, kitchen, pantry, and living area—ideal for guests, extended family, or flexible living arrangements. Lifestyle features include two laundry rooms, an exterior-accessed workshop and large private office ideal for remote work or creative pursuits.

Status Change Information

Major Change Timestamp: 2026-06-05T12:42:29Z
Major Change Type: New Listing
Status Change Timestamp: 2026-06-05

More Information

Bathroom Totals

Lower 1/2: Yes
Lower 3/4: Yes
Lower Full: Yes
Main 1/2: Yes
Upper 3/4: 4
Upper Full: 2

Exemption Information

Exemption YN: Yes
Exemptions: Homestead

Fireplace Features

Fireplaces Total: 4
Gas: Yes
Great Room: Yes
Living Room: Yes
Lower Level: Yes
Other: Yes

Square Footage Information

Upper Level Finished SqFt: 2453
Main Level Finished SqFt: 1753
Lower Level Finished SqFt: 1396
Above Grade Unfinished SqFt: 0

Auction

Online Bidding: Yes
Website URL: Bid.Kraftauctions.com
Pre-Auction Offers Accepted: No
Auction Type: Minimum Bid
Minimum Opening Bid: 499900
Auction Date: 2026-07-09
Auction Time: 5:30pm CDT
Buyer Premium YN: Yes
Buyer Premium Amount: 10
Auctioneer License Number: Jonathan Kraft - AU10500173

Showing Requirements

Showing Instructions: Brokers, BEFORE YOU SCHEDULE A SHOWING, make sure your Buyers are aware the property is being sold at AUCTION! Also, review the AGENT REMARKS and the TERMS FOR PURCHASE in the attachments! Listing Agent to confirm all showings through ShowingTime.

Room Types

Bedroom 2 Level: Upper
Bedroom 3 Level: Upper
Bedroom 4 Level: Upper
Bedroom 5 Level: Upper
Bedroom 6 Level: Upper
Bonus Room Level: Main
Dining Room Level: Main
Great Room Level: Lower
Kitchen Level: Upper
Laundry Level: Lower
Living Room Level: Main
Office Level: Main
Other Room Level: Upper
Primary Bedroom Level: Lower
Bedroom 2: Yes
Bedroom 3: Yes
Bedroom 4: Yes
Bedroom 5: Yes
Bedroom 6: Yes
Bonus Room: Yes
Dining Room: Yes
Great Room: Yes
Kitchen: Yes
Laundry: Yes
Living Room: Yes
Office: Yes
Other Room: Yes
Primary Bedroom: Yes

Location, Tax, and Legal

Tax Annual Amount: 4591.6
Tax Year: 2025
Tax Legal Description: ERICKSONS SPECTACLE LAKE SUB LOT 14& W12 LT 7& TRI N END LOT 6 BLK 1
Parcel Number: 640901331004000003
Township: Center
Directions: From the corner of Campbell St. & Spectacle Dr., East on Spectacle Dr., property on the left side of the street.
Census Tract: 506.02

Appliances

Dishwasher: Yes
Dryer: Yes
Gas Range: Yes
Gas Water Heater: Yes
Microwave: Yes
Range Hood: Yes
Refrigerator: Yes
Stainless Steel Appliance(s): Yes
Washer: Yes
Water Softener Owned: Yes
Other: Yes

Construction Materials

Vinyl Siding: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Electric

200+ Amp Service: Yes

Exterior Features

Balcony: Yes
Private Yard: Yes
Rain Gutters: Yes
Storage: Yes

Flooring

Tile: Yes

Heating

Hot Water: Yes
Natural Gas: Yes

Interior Features

Ceiling Fan(s): Yes
Double Vanity: Yes
Eat-in Kitchen: Yes
Entrance Foyer: Yes
Granite Counters: Yes
High Ceilings: Yes
His and Hers Closets: Yes
Kitchen Island: Yes
Pantry: Yes
Walk-In Closet(s): Yes
Whirlpool Tub: Yes
Other: Yes

Laundry Features

Laundry Room: Yes
Lower Level: Yes
Sink: Yes

Levels

3-Sty or more: Yes

Listing Terms

Cash: Yes

Lock Box Information

SentriLock: Yes

Lot Features

Back Yard: Yes
Front Yard: Yes
Landscaped: Yes

Parking Features

Asphalt: Yes
Attached: Yes
Driveway: Yes
Garage Door Opener: Yes
Garage Faces Side: Yes

Patio And Porch Features

Covered: Yes
Deck: Yes
Front Porch: Yes
Porch: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

None: Yes

View

Lake: Yes
Neighborhood: Yes
Water: Yes

Water Source

Public: Yes

Waterfront Features

Beach Access: Yes
Lake Front: Yes
Lake Privileges: Yes

Window Features

Bay Window(s): Yes

Room Information

Room Name	Level	Length	Width	Remarks
Living Room	Main	17.00	11.00	Fireplace, hardwood floors
Dining Room	Main	21.00	12.00	Tile flooring
Kitchen	Main	17.00	14.00	Hard surface counters, bar, pantry, tile flooring
Breakfast Room	Main	15.00	11.00	Bay window, fireplace
Foyer	Main	14.00	10.00	Tile flooring
Great Room	Lower	28.00	16.00	Volume ceiling, fireplace, ceiling fans
Primary Bedroom	Lower	17.00	16.00	Bay window, three closets, double sinks, jetted tub, separate shower,
Laundry	Lower	12.00	6.00	3/4 bath, cabinets
Bedroom 2	Upper	17.00	15.00	Hardwood floors, 3/4 bath, fireplace, bay window, double closet, ceiling fan
Bedroom 3	Upper	12.00	10.00	hardwood floors, 3/4 bath, two double closets, ceiling fan
Bedroom 4	Upper	17.00	10.00	Hardwood floors, 3/4 bath, walk-in closet
Bedroom 5	Upper	12.00	9.00	Hardwood floors, 3/4 bath, ceiling fan, double closet
Other	Upper	11.00	9.00	North apartment/related living space, living room, hardwood floors, ceiling fan, full bathroom,
Kitchen	Upper	11.00	8.00	Refrigerator, range, window a/c unit, tile flooring,
Bedroom 6	Upper	13.00	9.00	Walk-in closet
Other	Upper	16.00	9.00	South apartment/related living space, living room, ceiling fan, full bathroom,
Kitchen	Upper	12.00	10.00	Refrigerator, range, window a/c unit
Other	Upper	12.00	11.00	Bedroom seven, ceiling fan, walk-in closet
Office	Main	26.00	9.00
Bonus Room	Main	13.00	11.00	Built-in cabinets

Listing Office: Kraft Real Estate Services, LL

Last Updated: June - 09 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Triangle MLS, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

Why Create a Portal account?