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$349,0007665 E Butterman
For Sale25 days on market

7665 E Butterman

Rockville, Indiana 47872

116 Towns

1

Beds

1

Baths

576

Sq Ft

2010

Year Built

0.53

Acres

Sheldon Barnes, Carmel Realtor

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ABOUT THIS HOME

Escape to the lake with this rare opportunity to own a true waterfront property on Raccoon Lake-with no HOA and short-term rental potential! Properties like this don't come along often, especially at this price point. This charming 1 bedroom, 1 bath cabin sits on approximately .53 acres and offers direct access to the water with a brand new 50-foot seawall. Unlike many lake properties, there are no long staircases here-just an easy walk down your private path to the shoreline, making lake days simple and enjoyable. Inside, the home has been thoughtfully updated with new flooring, all new PEX plumbing, and an updated bathroom that includes washer and dryer hookups. Additional improvements include a new water pump and upgraded 200 amp electrical service, providing peace of mind for years to come. Whether you're looking for a weekend getaway, a full-time lake retreat, or an income-producing Airbnb, this property checks all the boxes. With its combination of usable land, true waterfront access, and modern updates, it stands out as one of the few opportunities to own a half-acre lakefront property without the challenge of steep stairs or restrictive HOA rules. Enjoy fishing, boating, and unforgettable sunsets right from your own property-this is lake living made easy.

Listed by Jennifer Dings· Hoosier Roots Real Estate Solutions, LLC· MLS# 22092312

Key things to know

  • Direct waterfront access on Raccoon Lake
  • Brand new 50-foot seawall
  • Easy walk-down path to shoreline
  • Updated plumbing, electrical, and bathroom
  • 0.53 acres with no HOA restrictions

Monthly payment

Estimate · $349,000

$1,870/mo

$1,858 principal & interest · $12 tax

Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $69,800 on a loan of $279,200.

Price history

  1. Listedat $349,000

    Mar 31, 2026

Recent comparable sales

Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.

FEATURES & AMENITIES

Interior

Attic AccessEat-in Kitchen

Exterior

Other

Climate

Heat: BaseboardHeat: ElectricCool: Window Unit(s)

THE FACTS

Pricing trajectory, room-by-room layout, schools, and what's nearby.

Price history

  • $349,000Listed· Mar 31, 2026

25 days on market

Layout

Main
113 rooms576 sq ft

Primary bath

Tub Full with Shower

Schools

North Central Parke Comm Schl Corp

  • Elementary

    Rockville Elementary School

  • Middle

    Parke Heritage Middle School

  • High

    Parke Heritage High School

Neighborhood

  • Zionsville Community HS47.4 mi
  • Downtown Indianapolis49.7 mi
  • Carmel Central Park51.9 mi
  • Clay Terrace53.8 mi
  • Monon Trail (Carmel)54.0 mi
  • Carmel High School54.2 mi

PROPERTY DETAILS

Combined data from the listing and Hamilton County records

Living Area

576 sq ft

Year Built

2010

Stories

One

Subdivision

116 Towns

Bedrooms

1

Bathrooms

1 full

School District

North Central Parke Comm Schl Corp

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