Address
10227 Lorainne Road, Leopold, IN
Price
$ 550,000
Property Attributes
- MLS#202611690
- TypeSingle Family
- Listing Status Active
- CountyPERRY
- CityLeopold
- AreaLeopold
- Zip47551
- StyleRanch
- Year Built1972
- Taxes$ 3070
- Price$ 550,000
- Bedrooms3
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage1354
- Lot Size31.182 Acres
Data Source:
Indiana Regional MLS (IRMLS)
Property 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!!!
| Elementary School | Middle School | High School |
|---|---|---|
| Perry Central Elementary School | Perry Central Middle School | Perry Central High School |
| Price History | |
|---|---|
| 4/6/2026 | Listed $550,000 |
General Features
| Sewer | Septic |
|---|---|
| Heating | Electric,Heat Pump |
| Kitchen Level | Main |
| Cooling | Central Air |
| Laundry Y/N | Basement |
| Fireplaces | No |
| Amenities | Breakfast Bar,Ceiling Fan(s),Countertops-Laminate,Eat-In Kitchen,Foyer Entry,Porch Covered,Stand Up Shower |
| Status | Active |
| Full Baths | 1 |
| Bathrooms | 1 |
| Year Built | 1972 |
| New Construction | No |
| Subdivision | None |
| Style | One Story |
| Township | Leopold |
| Class | RESIDENTIAL |
| Type | Site-Built Home |
| Age | 54 |
| FIPS Code | 18123 |
| Associated Document Count | 6 |
| REO | No |
| Status | Active |
| Auction Y/N | No |
| Common Amenities | None |
| Dining Room Level | Main |
| Annual Taxes | 3070.2 |
| Area | Perry County |
| Location | Rural |
| High School | Perry Central |
| City | Leopold |
| School District | Perry Central Community Schools |
| Assoc. Dues Frequency | Not Applicable |
| Assoc. Restrictions Y/N | No |
| Architectural Style | Ranch |
| Total Sq Ft | 2708 |
| Elementary School | Perry Central |
| Middle School | Perry Central |
| Legal Description | 003-00002-00 15-5-2 PT SW 26.182A,003-00002-00 15-5-2 PT NW SW 5A |
| Virtual Tour | https://drive.google.com/file/d/1Ve7ADGmDFRqthKVMr6YuSqLU22sSAXqv/view?usp=sharing |
| Agent First Name | Phyllis |
| Agent Last Name | LaGrange |
| DOM | 156 |
| Tax Year | 2025 |
| PROPOSED FINANCING | Cash,Conventional,FHA,USDA,VA |
Interior Features
| Basement | Full Basement,Walk-Out Basement,Unfinished,Outside Entrance |
|---|---|
| Flooring | Carpet,Laminate,Tile |
| Kitchen Length | 11 |
| Kitchen Width | 11 |
| Beds | 3 |
| Total Rooms | 6 |
| Dining Room Length | 12 |
| Dining Room Width | 11 |
| Fireplace | None |
| Living Room Width | 12 |
| Living Room Length | 17 |
| Full Baths Main | 1 |
| Total Finished SqFt | 1354 |
| Basement Y/N | Yes |
| Above Grade Bedrooms | 3 |
| 1st Bedroom Level | Main |
| 1st Bedroom Width | 12 |
| 2nd Bedroom Length | 12 |
| 2nd Bedroom Level | Main |
| 2nd Bedroom Width | 10 |
| 3rd Bedroom Length | 12 |
| 3rd Bedroom Level | Main |
| 3rd Bedroom Width | 10 |
| Above Grade Finished SqFt | 1354 |
| Below Grade Unfin. SqFt | 1354 |
| Living/Great Rm Level | Main |
| Basement Material | Block |
Exterior Features
| Road Surface | Gravel |
|---|---|
| Road Access | County |
| Exterior | Brick |
| Driveway | Gravel |
| Pool | No |
| Lot Size Area | 1358288 |
| Lot Dimensions | 31.182 |
| Lot Description | Heavily Wooded,Irregular,Rolling,Slope,15+,Lake,Wooded |
| Fence | Chain Link,Pet Fence |
| Well Type | Private |
| Approx. Lot Size Acres | 31.182 |
| Off Street Parking Y/N | Yes |
| ROOF MATERIAL | Metal |
| Waterfront Y/N | No |
| Garage Y/N | No |
Amenities
- Foreclosure
- Views
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
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. IDX information is provided by the Indiana Regional MLS.
Information last updated on September 15, 2026 4:53 AM UTC
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