#202432004, Nathan Walts, Listing office: REAL ESTATE NETWORK L.L.C
5547 N W Shafer Dr Monticello, IN 47960
Property details
About 5547 N W Shafer Dr
Don’t miss this beautifully renovated Lake Shafer property offering an incredible lakeside lifestyle! This ranch style home on a walk-out basement features 3-4 bedrooms and 2,714 sq ft of finished living space, perfectly situated on 70 feet of prime Lake Shafer frontage. The waterfront is ideal for recreation and relaxation, with a swim deck, temporary boat lift and a double covered permanent electric boat lift, making it easy to enjoy boating and water sports. Inside, you’ll find a completely updated interior designed to maximize comfort and showcase the stunning lake views. The main level features an updated kitchen with modern finishes, while the walk-out lower level offers a second full kitchen—perfect for entertaining guests or accommodating multi-generational living. Expansive windows throughout the home fill the space with natural light and capture breathtaking lake views from nearly every room. The sunroom is a standout space, highlighted by a wall of windows overlooking the water, along with a bar area for entertaining. The walk-out lower level provides seamless indoor-outdoor living and easy access to the lakefront. Additional features include a 24x24 two-car garage, offering ample storage, plus plenty of additional parking for guests. The property can also be sold as a turn-key opportunity — simply move in and start enjoying lake life immediately! Located on the main part of Lake Shafer, this is an excellent location for boating, swimming, and soaking in everything the lake lifestyle has to offer. Whether you’re seeking a full-time residence, vacation home, or investment property, this one checks all the boxes!
Highlights
Summary
- Full Bathrooms: 2
- Flooring Type: Laminate, Tile
- Fireplace: Wood Burning, Basement, One
- Total Bedroom Count: 4
- Garage Space: 2 spaces
- Attached Garage: No
- Parking: Concrete
- Waterfront: Lake Front
- Exterior: Brick
- Architectural Style: Ranch
- Heating: Natural Gas, Other, Forced Air
- Cooling: Central Air
- List Price: $639,900
- Price/SqFt: $235
- Annual Tax Amount: $2,482
- Tax Year: 2023
- Lot: Waterfront
- Directions: GPS friendly address.
- Year Built: 1960
- Lot Size: 0.28 Acres
- MLS Number: 202521299
- Office Name: REAL ESTATE NETWORK L.L.C
- Office Phone: (574) 870-4269
- Listing Agent: Bart Hickman
The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). 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. ©2011-2025 Indiana Regional MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/20/2025, 9:45:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹

$639,900
5547 N W Shafer Dr
$7,599
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $485,400 | $2,482 |
2022 | $411,300 | $2,434 |
2021 | $331,800 | $1,969 |
2020 | $302,200 | $2,061 |
2019 | $288,000 | $1,887 |
2018 | $274,600 | $1,742 |
2017 | $272,300 | $1,798 |
History based on county public records data.
Nearby schools
3
North White Elementary School
Public District KG-5
5.1 mi
•304 E Broadway St
5
Meadowlawn Elementary School
Public District KG-5
6.5 mi
•715 W Ohio St
7
Oaklawn Elementary School
Public District KG-4
6.8 mi
•402 E South St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,783. Most Monticello, IN residents have annual incomes less than $<35k. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
Similar homes for sale
Frequently asked questions
About 5547 N W Shafer Dr
The listing price of 5547 N W Shafer Dr property is $639,900.
The property 5547 N W Shafer Dr is a house located in Monticello, Indiana, 47960.
Active Listing: 5547 N W Shafer Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5547 N W Shafer Dr are: North White Elementary School (GreatSchools Rating 3/10), Meadowlawn Elementary School (GreatSchools Rating 5/10), Oaklawn Elementary School (GreatSchools Rating 7/10), North White Middle School (GreatSchools Rating 4/10), Roosevelt Middle School (GreatSchools Rating 5/10), West Central Middle School (GreatSchools Rating 7/10), North White High School (GreatSchools Rating 5/10), Twin Lakes Senior High School (GreatSchools Rating 5/10), Frontier Jr-Sr High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $2,482 (source: MLS/based on county public records data).
The property at 5547 N W Shafer Dr has 4 bedrooms and 2 bathrooms.
The year of construction for 5547 N W Shafer Dr is 1960.
This home is located at 5547 N W Shafer Dr in Monticello, IN and zip code 47960. This home, which was built in 1960, sits on a 0.28 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 5, 2025 and is currently priced at $639,900.
Monticello, IN housing market in May 2025 saw over 2 listings sold above listed price, more than 1 sold at listed price and over 15 sold below. The number of homes for sale in Monticello, IN increased by 25.3% between April and May 2025.