Toni Carter

7404 W 1400 N

Silver Lake, IN
$ 2,000,000 Beds 2 Baths 1 Sq 1,090 Virtual Tour
Monthly Estimate* How much can I afford?

Rarely does a property offering this combination of size, income potential, recreational value, and improvements become available. This 215 acre property features income-producing acreage, quality wildlife habitat, multiple structures, and a comfortable country home, making it an excellent opportunity for a land investor, outdoorsman, or buyer seeking a private rural retreat. The property includes a 2-bedroom, 1-bath country home with recent updates including a new roof, siding, and windows. The Morton barn features small living quarters, providing additional space for guests, a hunting lodge, or a convenient basecamp. Multiple barns and outbuildings offer substantial storage and workspace for equipment, livestock, hobbies, and agricultural uses. Nearly the entire property is enrolled in the Conservation Reserve Program (CRP), generating more than $30,000 annually while providing excellent wildlife habitat. An additional 6.55 acres are tenant farmed in a corn and soybean rotation, adding another productive income component. Recreational opportunities are abundant. Approximately 7.5 acres are dedicated to food plots and strategic hunting locations, allowing for hunting opportunities across various wind directions and seasonal patterns. Multiple ponds and water sources are found throughout the property, including a stocked main pond. A secluded wetlands area provides excellent waterfowl habitat while also offering quality deer bedding cover. A natural drainage ditch adds additional cover and wildlife travel habitat. Boat access to the lake provides another recreational feature. The diverse habitat supports whitetail deer, turkey, quail, pheasant, ducks, geese, dove, and rabbits. CRP, food plots, mature cover, wetlands, ponds, agricultural ground, and varied terrain create an environment capable of attracting and holding wildlife throughout the year. A mowed trail system provides convenient access for hunting, recreation, maintenance, and property management while helping minimize disturbance to key areas. A mature walnut grove adds further diversity and appeal. With established food plots, wetlands, ponds, mature cover, trails, agricultural income, significant CRP income, and substantial improvements, this property offers a rare combination of income and recreation. Whether your goal is a private hunting destination, dependable land income, country lifestyle, or versatile investment, this 215 acre offering deserves serious consideration.

Single Family

  • Price
  • $ 2,000,000
  • City
  • Silver Lake
  • Bedrooms
  • 2
  • Full Bathrooms
  • 1
  • County
  • WABASH
  • Half Bathrooms
  • 0
  • Area
  • Pleasant
  • Lot Size
  • 215 Acres
  • Zip
  • 46982
  • Sqr Footage
  • 1,090
  • Year Built
  • 1900
  • Taxes
  • $ 5925
  • Style
  • Site-Built Home
  • MLS#
  • 202634549
Listed By: Andrew Malott with Whitetail Properties Real Estate; Cell: 574-225-2699
Data Source: Indiana Regional MLS (IRMLS)

Features

General

Sewer Septic
Heating Propane,Forced Air
Kitchen Level Main
Cooling Central Air
Laundry Y/N Main
Fireplaces No
Water Access Type Lakefront
Garage Detached
Status Active
Full Baths 1
Bathrooms 1
Year Built 1900
New Construction No
Subdivision None
Style One and Half Story
Township Pleasant
Class RESIDENTIAL
Type Site-Built Home
Age 126
FIPS Code 18169
Associated Document Count 4
REO No
Status Active
Auction Y/N No
Dining Room Level Main
Annual Taxes 5925.86
Area Wabash County
Location Rural
High School Manchester Jr/Sr
City Silver Lake
School District Manchester Community
Assoc. Dues Frequency Not Applicable
Total Sq Ft 1170
Elementary School Manchester
Middle School Manchester Jr/Sr
Legal Description NW1/2 SW1/4 23-50-5 215AC DITCH 637
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202634549
Agent First Name Andrew
Agent Last Name Malott
DOM 16
Tax Year 2026P2027

Interior Features

Basement Partial Basement
Kitchen Length 10
Laundry Room Width 6
Laundry Room Length 6
Kitchen Width 10
Beds 2
Total Rooms 8
Dining Room Length 10
Dining Room Width 10
Living Room Width 10
Living Room Length 10
Full Baths Main 1
Total Finished SqFt 1090
Basement Y/N Yes
Above Grade Bedrooms 2
1st Bedroom Level Upper
1st Bedroom Width 12
2nd Bedroom Length 10
2nd Bedroom Level Main
2nd Bedroom Width 10
Above Grade Finished SqFt 1090
Below Grade Unfin. SqFt 80
Living/Great Rm Level Main
Basement Material Block

Exterior Features

Road Surface Paved
Road Access County
Exterior Aluminum,Metal,Shingle,Vinyl,Wood
Water Frontage 1
Driveway Gravel
Pool No
Waterfront Lake
Garage Length 30
Garage Width 14
Lot Size Area 9365400
Lot Dimensions 3560 x 2650
Lot Description Partially Wooded,Rolling,Waterfront,Flood Plain,15+,Lake,Waterfront-Level Bank,Waterfront-Medium Bank
Fence Barb Wire,Woven Wire
Garage SqFt 420
Water Features Walk to Lake Access
Well Type Private
Water Name Flat Lake
Approx. Lot Size Acres 215
Garage Capacity 1
Off Street Parking Y/N Yes
ROOF MATERIAL Metal,Shingle
Lake Other
Waterfront Y/N Yes
Garage Y/N Yes

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

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the South Bend, IN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Manchester Elementary School
Middle School Manchester Jr/Sr Middle School
High School Manchester Jr/Sr High School

Price History

8/24/2026 Listed $2,000,000

Property vs Zip Code Average in 46982

Price
AVG $460K
$2M
Taxes
AVG $2,095
$5,925
Year Built
AVG 1955
1900
Visits
AVG 34
8
Data Provided by Inside Real Estate®

Areas That We Cover

7404 W 1400 N Silver Lake, IN is a Single Family Home for sale at $2000000 with 1090 sqft and a lot size of 215 Acres Acre(s). 7404 W 1400 N Silver Lake has 2 bedrooms, 1 baths and was built in 1900. The property's zip code is 46982 which is in Silver Lake, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

Toni Carter

Toni Carter

574-888-0019

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