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Welcome to one of Putnam County's best-kept secrets! This exceptional 5-bedroom home sits on approximately 1.5 beautifully wooded acres and offers an incredibly rare opportunity to enjoy exclusive access to the private Oakalla Lake community. For just $100 per year, you'll have access to more than 109 acres of private recreational land, including a scenic 30-acre lake renowned for trophy bass fishing, kayaking, canoeing, hiking, wildlife, and a community shelter house an amenity few properties can offer. Inside, you'll find room for everyone with spacious living areas designed for both everyday living and entertaining. The large kitchen offers abundant cabinetry and workspace, flowing into an inviting great room perfect for gathering with family and friends. The fully finished walkout basement nearly doubles your living space and features a second full kitchen, making it ideal for multi-generational living, extended guests, entertaining, or hosting holiday gatherings. The basement also includes a dedicated workshop, perfect for woodworking, crafts, hobbies, or additional storage. Outside, a detached two-car garage provides plenty of room for vehicles, recreational equipment, and tools while the peaceful 1.5-acre setting offers privacy rarely found this close to Greencastle. Large rear deck perfect for entertaining family & friends and then maybe a pontoon boat ride and wine cruise that evening? Properties with acreage, this much finished living space, and deeded access to Oakalla Lake seldom become available. Whether you're looking for a forever home, a place to entertain, or a private retreat surrounded by nature, this is a truly one-of-a-kind opportunity that must be experienced to be appreciated.
Property Type(s):
Single Family
| Last Updated | 6/27/2026 | Tract | No Subdivision |
|---|---|---|---|
| Year Built | 1977 | Community | 6716 - Putnam - Madison |
| Garage Spaces | 4.0 | County | Putnam |
SCHOOLS
| Jr. High School | Greencastle Middle School |
|---|---|
| High School | Greencastle Senior High School |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Electric Oven, Microwave, Refrigerator |
| AREA | 6716 - Putnam - Madison |
| BARN/EQUESTRIAN | Yes |
| BASEMENT | Finished, Yes |
| CONSTRUCTION | Brick |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Forced Air, Heat Pump |
| INTERIOR | Eat-in Kitchen |
| LOT | 1.5 acre(s) |
| PARKING | Detached, Asphalt, Workshop in Garage |
| STORIES | 1 |
| STYLE | Ranch |
| SUBDIVISION | No Subdivision |
| WATER | Public |
Location
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Listed with Harcourt Real Estate Team
Listing information is deemed reliable, but not guaranteed.
© 2026 Metropolitan Indianapolis Board of REALTORS®
© 2026 Metropolitan Indianapolis Board of REALTORS®
This IDX solution is (c) Diverse Solutions 2026.
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