About This Home

This 3-bedroom, 1-bathroom single family at 10227 Lorainne Road in Leopold, IN is listed for $499,000 ($369 per sqft). Built in 1972, the home offers 1,354 sqft of living space on a 31.18 acres lot.

Key Features

  • Built in 1972
  • 31.18 acre lot

Property Details

1 story
1 full
1972

Amenities

A/C
Listing Description

Very special and unique 31-acre property offers opportunities for full-time living, recreation, investment, hunting or a private getaway. The secluded setting provides privacy and is surrounded by abundant wildlife and natural beauty. Property features a 2+ acre stocked lake with a scenic, park-like setting.

The land includes established walking and ATV trails, cliffs, rock formations, and creeks with seasonal waterfalls. Woods consist primarily of hardwoods with future timber potential; seller recently completed a light select cut. The home offers 3 bedrooms, 1 full bath, and a full unfinished walk-out basement.

Constructed with all-brick exterior and a metal roof, the home has been updated and is move-in ready. Currently used as an Airbnb and office/workspace, but easily adaptable for full-time living. Includes multiple outbuildings and shelter house. A large barn with a massive fireplace provides a great space for gatherings or events. Property was formerly home to Eagle Wings Zipline; existing zipline towers remain but are not currently in use. This property is truly special, so much to take in!!!

Monthly Cost Estimate

$2,669/mo

20% down · 6.5% · 30 years

Principal$361
Interest$2,162
Insurance$146

Estimates only. Actual payments may vary.

Location

10227 Lorainne Road

Leopold, IN 47551

Property Details

Flooring

CarpetLaminateTile

Cooling

Central Air

Questions & Answers

This 3-bedroom, 1-bathroom single family at 10227 Lorainne Road is listed at $499,000 ($369/sqft). The estimated monthly payment is $2,669 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1972, 31.18 acre lot.

This property is listed by Phyllis LaGrange and can be reached at 8127194221.

PL

Phyllis LaGrange

Agent at Key Associates Signature Realty

(812) 719-4221
Agent website

Listed by Key Associates Signature Realty · Broker phone: (812) 686-3268 · Broker website

MLS# 202611690· Source: Southwest Indiana Association of Realtors· 148 days on PropertySimple

Copyright © 2026 Southwest Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

10227 Lorainne Road, Leopold, IN 47551

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