201 Spectacle Drive, Valparaiso, IN 46383

• 7 beds |
• 10 baths |
• 5,602 sqft

Property Description

AUCTION! ONLINE BIDDING NOW OPEN! Here is a rare opportunity to own a private waterfront property offering over 5,600 square feet of living space with 7 bedrooms & 10 bathrooms! The flexible living space is designed for gathering, relaxation, privacy and everyday comfort. Configured as three fully independent living environments, this unique property is ideal for multi-generational living, extended guests, effortless weekend escapes or full-time lake living where vacation memories are made year-round, all within one cohesive residence. "1 hour from downtown Chicago" this 3-story Victorian Lake House retreat home built in 1992 is peacefully tucked just outside the city limits of North Valparaiso, only minutes from the I-80/90 (approximately 4 miles) expressway and the nearby South Shore Line. At the heart of the home is a huge gathering kitchen designed to bring everyone together, complemented by multiple living and entertaining areas ideal for relaxing, gaming, or simply enjoying the magnificent lake views. Embrace the serenity of the wooded setting from dramatic 10-foot, 9-foot, and 8-foot ceilings, combined with four vintage fireplaces that create warmth, character, and architectural charm throughout. The main residence offers 5 bedrooms and 8 bathrooms, with each bedroom featuring its own private en-suite bath for exceptional comfort and privacy. A convenient ¾ bath located near the beach entrance provides the perfect space to rinse off after swimming, boating, or enjoying the lake. In addition to the expansive main residence, the property includes two attached private in-law apartments, each with separate exterior entrances and private deck access. Both spacious, well-appointed apartments include a bedroom with walk-in closet, full bath, kitchen, pantry, and living area—ideal for guests, extended family, or flexible living arrangements. Lifestyle features include two laundry rooms, an exterior-accessed workshop and large private office ideal for remote work or creative pursuits.

Listing Status:

Active

Date Added:

June 25, 2026

Data Last Updated:

July 6, 2026 at 6:57AM

Listing Office:

Kraft Real Estate Auctions LLC : 219-776-2879

Listing Agent:

Jay Robert Mayden : 219-776-2879

MLS ID:

202625649

Interior

• Basement: FinishedOutside EntranceWalk-upWalk-Out Basement
• A/C: Central Air
• Heating: Hot Water
• Fireplace: Breakfast RoomLiving/Great RmRec Rm1st BdrmFireplaceFireplaces: 4

Exterior

• General: Wood
• Style: VictorianMulti-Story (3+)

Location

• School District: Valparaiso Community Schools

Lot

• Driveway: Asphalt
• Zoning: ERICKSONS SPECTACLE LAKE SUB LOT 14& W12 LT 7& TRI N END LOT 6 BLK 164-09-01-331-004.000-003
• Waterfront: 60

Utilities

• Water: Public
• Sewer: Public