OLO Loomis Lake Real Estate Auction - Valparaiso, IN - Min. Bid $499,900
Open House: June 27th and July 5th 10am-12pm. Can't make it? Call for a private showing.
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
DOWN PAYMENT: $10,000 down payment within 24 hours of auction closing and with balance in cash at closing. The down payment may be in the form of cash, cashiers check, personal check or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
BUYER`S PREMIUM: A buyer's premium of 10%, will be added to the final bid price of the property.
APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.
DEED: Seller shall provide a warranty deed.
EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price.
CLOSING: Closing shall take place in 30 days,
POSSESSION: At closing.
REAL ESTATE TAXES: Taxes are pro-rated and final at day of closing
ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos.
SURVEY: There shall be no survey
EASEMENTS: The sale of the property is subject to any and all easements of record.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. Tract acreage has been estimated based on aerial photographs. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the auctioneer are final.
ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.