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Courtesy of MPR Realty, LLC, Mary Pomasl, Cell: 574-721-4796
4 Beds
4 Baths
3,166 sqft

$529,900

5239 E Colonial Oaks Drive, Monticello IN, 47960

Price per sqft$167.37
Built in1991
Property size3,166 sqft
Property typeResidential

Overview

Active

Updated 2 days ago

Wake up to the breathtaking views of beautiful Lake Freeman! Nestled on a beautifully wooded 1.45 acres setting consisting of three separate lots. The multiple lot configuration also provides valuable flexibility and future possibilities for the new owner, making this a truly unique Lake Freeman property. This 3166 square foot home offers the perfect blend of comfort, space and year round recreation. Designed for both everyday living and entertaining, the home features 4 spacious bedrooms, 2 full baths and 2 half baths. The desirable main level primary suite provides comfort and convenience, while the inviting family room, complete with a cozy fireplace, creates the perfect gathering space after a day on the lake. The walkout basement offers additional living and entertaining space with easy access to the waterfront. Step outside onto the deck and patio where you'll enjoy spectacular views of Lake Freeman. Ideal setting for morning coffee, outdoor dining or simply relaxing and taking in the water views. Boating enthusiasts will appreciate the included boat lift, making it easy to get out on the lake whenever the mood strikes. Storage is abundant with both an attached 2 car garage and an additional detached 2 car garage, providing plenty of room for vehicles, boats, and all your lake toys. Whether you are searching for a full time residence or the perfect weekend retreat, this rare property offers privacy, incredible views, and exceptional flexibility for the future all while providing the water lifestyle you've been dreaming of.

$3,525/mo

Est. mortgage payment based on a $529,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202632311

Interior Features

Bedrooms
4
Bathrooms
4
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
1.45 Acres

Other Property Details

Taxes
$2,042
Tax Frequency
Annually
Garage
Yes
Waterfront
Yes
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Listings courtesy of Indiana Regional MLS as distributed by MLS GRID 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Masterson & Associates Inc shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS. 

Based on information submitted to the MLS GRID as of 10/8/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Data last updated 4:33 AM UTC, 10/8/2026

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