Wonderful opportunity to purchase on 500-acre Lamb Lake. Sitting on almost an acre, this ranch home with finished walk out basement is nestled in a beautiful wooded setting. Home is located off the water, but all lake rights are included and can be enjoyed. Home structure is a wonderful mixture of natural stone and wood exterior with private backyard and multi-level decks offering plenty of area to entertain. Open living room with natural stone fireplace leading into dining and large kitchen with Nichols cabinets. Open basement with 2nd natural stone fireplace, 2 bonus rooms currently used as 2nd and 3rd bedrooms, or could be office and gym. Level driveway with extra gravel area to park & 10x10 workshop in garage. Exterior painted and new gutters in '22. Fresh paint on both decks and glassed-in porch. Hard wood flooring on main level, carpet in master, LVT flooring throughout walk out basement & upper level fully enclosed glass porch installed in '22. Recently updated stone bathroom countertops. Incredible price point for Lamb Lake community where you can enjoy long days on the water enjoying water sports, fishing, or anchoring in coves to enjoy crystal clear water. Close proximity to hiking trails and community activities all year long. 45 min to the airport or downtown Indy, 30 min to Greenwood or Columbus and just 20 mins to historic Nashville and Brown county state park.
Active
$499,500
8048 S Indian Ridge Dr, Trafalgar, IN 46181
3beds
2,246sqft
Est.:
Residential, Single Family Residence
Built in 1987
0.96 Acres Lot
$-- Zestimate®
$222/sqft
$83/mo HOA
What's special
Beautiful wooded settingFully enclosed glass porchPrivate backyard
- 170 days |
- 1,633 |
- 42 |
Zillow last checked: 7 hours ago
Listing updated: February 23, 2026 at 10:08am
Listing Provided by:
Daniel Frische 317-727-2834,
Smythe & Co, Inc
Source: MIBOR as distributed by MLS GRID,MLS#: 22068997
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 1
Primary bedroom
- Level: Main
- Area: 228 Square Feet
- Dimensions: 12x19
Bedroom 2
- Level: Basement
- Area: 121 Square Feet
- Dimensions: 11x11
Bedroom 3
- Level: Basement
- Area: 121 Square Feet
- Dimensions: 11x11
Dining room
- Level: Main
- Area: 208 Square Feet
- Dimensions: 16x13
Family room
- Level: Basement
- Area: 377 Square Feet
- Dimensions: 29x13
Kitchen
- Level: Main
- Area: 192 Square Feet
- Dimensions: 16x12
Laundry
- Level: Basement
- Area: 30 Square Feet
- Dimensions: 5x6
Living room
- Level: Main
- Area: 360 Square Feet
- Dimensions: 15x24
Sun room
- Level: Main
- Area: 180 Square Feet
- Dimensions: 12x15
Workshop
- Features: Other
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10x10
Heating
- Forced Air, Electric
Cooling
- Central Air
Appliances
- Included: Dryer, Electric Water Heater, Disposal, Microwave, Electric Oven, Refrigerator, Washer
- Laundry: In Basement
Features
- Attic Access, Breakfast Bar, Hardwood Floors, Pantry
- Flooring: Hardwood
- Windows: WoodWorkStain/Painted
- Basement: Finished,Walk-Out Access
- Attic: Access Only
- Number of fireplaces: 2
- Fireplace features: Basement, Family Room, Living Room, Wood Burning
Interior area
- Total structure area: 2,246
- Total interior livable area: 2,246 sqft
- Finished area below ground: 928
Property
Parking
- Total spaces: 2
- Parking features: Attached, Asphalt, Gravel
- Attached garage spaces: 2
- Details: Garage Parking Other(Garage Door Opener)
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Glass Enclosed
- Exterior features: Gutter Guards
Lot
- Size: 0.96 Acres
- Features: Mature Trees, Wooded
Details
- Parcel number: 411034012012000015
- Special conditions: Sales Disclosure On File
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Cedar
- Foundation: Block, Brick/Mortar
Condition
- New construction: No
- Year built: 1987
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Lamb Lake Estates
HOA
- Has HOA: Yes
- Amenities included: Maintenance, Security, Snow Removal
- Services included: Association Home Owners, Maintenance, Security, Snow Removal
- HOA fee: $1,000 annually
- HOA phone: 317-435-6460
Location
- Region: Trafalgar
Financial & listing details
- Price per square foot: $222/sqft
- Tax assessed value: $390,400
- Annual tax amount: $2,700
- Date on market: 10/22/2025
- Cumulative days on market: 172 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/20/2025 | Price change | $499,500-6.6%$222/sqft |
Source:  MIBOR as distributed by MLS GRID #22068997 Report a problem | ||
| 10/22/2025 | Listed for sale | $535,000-2.7%$238/sqft |
Source: MIBOR as distributed by MLS GRID #22068997 Report a problem | ||
| 10/17/2025 | Listing removed | $549,900$245/sqft |
Source: F.C. Tucker Emge REALTORS #202540207 Report a problem | ||
| 10/3/2025 | Listed for sale | $549,900+31.2% |
Source:  IRMLS #202540207 Report a problem | ||
| 3/11/2022 | Sold | $419,000-2.3%$187/sqft |
Source: MIBOR as distributed by MLS GRID #21826456 Report a problem | ||
| 2/14/2022 | Pending sale | $429,000$191/sqft |
Source: MIBOR as distributed by MLS GRID #21826456 Report a problem | ||
| 12/7/2021 | Price change | $429,000-4.6%$191/sqft |
Source: MIBOR as distributed by MLS GRID #21826456 Report a problem | ||
| 11/25/2021 | Listed for sale | $449,900$200/sqft |
Source: MIBOR as distributed by MLS GRID #21826456 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,952 +22.1% | $390,400 |
| 2023 | $2,418 +37.6% | $390,400 +28.5% |
| 2022 | $1,758 +22.5% | $303,900 +26.7% |
| 2021 | $1,435 +13.7% | $239,900 +12.4% |
| 2020 | $1,262 -24% | $213,500 +9.2% |
| 2019 | $1,661 +46.8% | $195,500 +9.8% |
| 2018 | $1,132 -0.3% | $178,000 |
| 2017 | $1,135 +2999.3% | $178,000 |
| 2016 | $37 -96.6% | $178,000 -3.2% |
| 2014 | $1,072 +5.5% | $183,900 +3.5% |
| 2013 | $1,017 -15.6% | $177,700 -4.3% |
| 2012 | $1,204 +31.6% | $185,700 +15.1% |
| 2011 | $915 -5.1% | $161,300 |
| 2010 | $964 -3.2% | $161,300 |
| 2009 | $996 -20.8% | $161,300 -7.8% |
| 2007 | $1,257 -33.6% | $174,900 -8.3% |
| 2006 | $1,893 | $190,700 +19.9% |
| 2005 | -- | $159,000 |
Find assessor info on the county website
Monthly payment
Est. payment
$2,874/mo
Principal & interest
$2462
Property taxes
$329
HOA Fees
$83
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Climate risks
Neighborhood: 46181
Getting around
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Car-DependentNearby schools
GreatSchools rating
- NAIndian Creek Elementary SchoolGrades: PK-2Distance: 3.5 mi
- 6/10Indian Creek Middle SchoolGrades: 6-8Distance: 3.7 mi
- 6/10Indian Creek Sr High SchoolGrades: 9-12Distance: 3.7 mi
Local experts in 46181
- Indiana
- Johnson County
- Trafalgar
- 46181
- 8048 S Indian Ridge Dr
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