650 Water Street, Hobart, IN 46342

• 2 beds |
• 1 bath |
• 864 sqft

Property Description

LAKEFRONT RETREAT ON BEAUTIFUL LAKE GEORGE -- NEW PRICE & MAJOR EXTERIOR UPDATES APPROVED! Big improvements are already in motion! Insurance has approved the replacement of the roofs, soffit, fascia, and gutters on both the house and detached garage, and a contractor has been hired to complete the work. This is a significant improvement already being addressed, adding value and peace of mind for the next owner. Now is the opportunity to take another look at this charming lakefront 2-bedroom, 1-bath ranch-style bungalow with beautiful lake views and incredible potential. Whether you're looking for a year-round residence, weekend getaway, or investment opportunity, this private Lake George property offers a unique combination of location, character, and opportunity. Inside, you'll find hardwood flooring, a spacious kitchen, and a large bathroom featuring a relaxing whirlpool tub. The expansive double-tier deck overlooking the lake is perfect for entertaining, relaxing, or enjoying the peaceful waterfront setting. A covered front porch offers another inviting space to take in the tranquil surroundings. The property includes a detached 1.5-car garage and a large shed/outbuilding for additional storage or workspace, plus a fenced-in backyard. A brand-new HVAC system and gas water heater were installed within the past year along with a new water main shutoff in the basement and at the road. All existing appliances are included. Additional highlights include low property taxes, NO HOA, an unfinished basement with an open partial crawlspace, and a convenient location close to major roads, the hospital, shopping, schools, and dining. With a new price and major exterior improvements already approved through insurance and scheduled with a hired contractor, this lakefront property presents an exciting opportunity to own a home on Lake George and make it your own. Come see the potential and enjoy the views!

Listing Status:

Active

Data Last Updated:

September 21, 2026 at 3:21AM

Listing Office:

Realty Executives Premier : (219) 462-2224

Listing Agent:

Chase Pivarnik :

MLS ID:

841592

Interior

• General: Ceiling Fan(s)
• Rooms: Bedroom 2Primary BedroomLiving RoomKitchenDining Room
• Appliances: DryerRefrigeratorMicrowaveGas Water HeaterGas RangeDishwasher
• Laundry: Gas Dryer HookupWasher HookupLower Level
• Basement: Crawl SpaceUnfinishedStorage SpaceInterior EntryDaylight
• Heating: Forced AirNatural Gas

Exterior

• General: Private YardStorageRain GuttersBath
• Other Structures: PorchFront PorchDeckCovered
• Parking: DetachedOn StreetDrivewayAdditional ParkingGarage Door Opener

Construction

• General: One

Location

• Originating MLS: nira
• County: Lake

Lot

• Zoning: GEO. & WM. EARLE'S 2ND SUBDIV. ALL LOTS 13 & 14 BL.7450932302008000018
• View: LakeWater

Utilities

• Utilities: Cable AvailableWater ConnectedSewer ConnectedNatural Gas ConnectedElectricity Connected100 Amp Service
• Water: Public
• Sewer: Public Sewer

Financial

• Source: nira