OLO Loomis Lake Real Estate Auction - Valparaiso, IN - Min. Bid $499,900
Online Only
Real Estate Auction
Bidding Begins to Close July 9th @ 5:30pm CDT
Located at 201 Spectacle Drive Valparaiso, IN.
Here is a a true rare opportunity to own a private waterfront property offering over 5,600 square feet of living space with 7 bedrooms and 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.
This Chicago-accessible, 3-story Victorian Lake House-style 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.Additional lifestyle features include two laundry rooms, an exterior-accessed workshop and large private office ideal for remote work or creative pursuits, abundant storage throughout, and a 2.5-car garage.
The true standout is the home’s seamless connection to the outdoors. Four levels of expansive decking capture breathtaking views of Loomis Lake and Rogers-Lakewood Park, creating multiple spaces to entertain, unwind, and take in the peaceful waterfront beauty. The expansive main deck easily accommodates large gatherings and even offers covered storage space below for kayaks and canoes. Step outside to your private fire pit or enjoy immediate access to the adjacent community-owned sand beach and dock, co-owned by fewer than 50 owners—creating a rare, resort-like waterfront experience without the restrictions of an HOA. Enjoy swimming, fishing, kayaking, canoeing, boating, ice skating, ice fishing and hockey right outside your door, while abundant wildlife and surrounding natural beauty complete the serenity of this remarkable property.
Located within the award-winning Valparaiso school district and offering low taxes, this rare property combines privacy, accessibility, entertaining potential, and relaxed waterfront living. Home to the renowned Valparaiso University, Valparaiso is known for its vibrant downtown, dining, recreation, entertainment, and close proximity to Lake Michigan and Indiana Dunes National Park. Private waterfront estates of this scale, flexibility, and location rarely become available. Taxes 2025 Pay 2026: $4591.60 (with exemptions).
Minimum Opening Bid: $499,900.00
"Sells to highest bidder at or above the opening bid!
Open House: June 27th and July 5th 10am-12pm. Can't make it? Call for a private showing.
Owner: Cynthia Kay Hawes & George Moisoff
General Terms: $10,000 non-refundable down payment due within 24 hours of sale closing, sold as-is, closing in 30 days, possession at closing, warranty deed, taxes pro-rated and final today of closing, minimum opening bid of $499,900, and subject to a 10% buyer's premium. Buyer broker participation is welcome with pre-auction registration.
Kraft Real Estate Auctions, LLC - AC31900011
Col. Conrad Kraft- AU01023657
Jonathan Kraft – AU10500173
Managing Broker: Jay Mayden
219-973-9240 ~ Info@KraftAuctions.com
KraftAuctions.com
