USLakeFront Lake survey & intelligence

$250,000

2851 Shoreline Dr, Syracuse, IN 32303

Sample listing
4
Bedrooms
2
Bathrooms
2,450
Square feet
120 ft
Shoreline
$2,083
Per shoreline ft

Gentle-slope frontage with sandy bottom on Lake Wawasee. Roughly 120 feet of owned shoreline on 2.31 acres, with 4 bedrooms across 2,450 square feet. Crib dock with lift. Water clarity on Lake Wawasee averages around 10 feet and the lake is classified stable for water level. Dock and shoreline work fall under Indiana DNR. This is a sample listing used to demonstrate the platform.

Features

Two-slip dockBoathouseVaulted ceilingsPrivate dock

Property facts

Property typeCabin Year built2013 Lot size2.31 acres DockCrib dock with lift Water depth at dock15 ft ExposureWest-facing ViewMain channel Annual taxes$1,992 HOA$250/mo Short-term rentalPermitted Listed2026-08-05
$2,817
All-in monthly
$59,250
Cash to close
$14,607
Costs beyond the obvious

Up front

Down payment$50,000
Closing costs (est. 2.4%)$6,000
Septic inspection & pump$850
Water quality testing$400
Waterfront home inspection$800
Survey (shoreline frontage)$1,200
Total$59,250

Every year

Principal & interest$15,806
Property taxes$1,992
Hazard insurance$1,400
Flood insurance$2,400
HOA / POA dues$3,000
Utilities$3,308
Maintenance reserve (1.1%)$2,750
Septic service$520
Well & water testing$260
Dock maintenance$900
Winterization / seasonal close$750
Shoreline / seawall reserve$720
Total$33,806
Adjust these assumptions →
$2,083
This home / shoreline ft
$2,029
Lake average
$102
Per square foot
In line with the lake — this property prices at $2,083 per shoreline foot against a lake average near $2,029, a difference of 3%. Shoreline frontage is the metric that drives waterfront value, and it is almost never published.
Open the analyzer →
Modeled from the lake's estimated nightly rate and occupancy. Confirm local short-term rental rules before you rely on this.
Booked nights / year179 Gross revenue$157,941 Lodging tax−$17,373 Management−$28,113 Cleaning & supplies−$30,893 Net operating income$81,561 Against annual carry$47,755
Model your own →
6.8
Lake score
C
Water grade
1 ft
Drawdown
Level stabilityStable Typical clarity10 ft Dock authorityIndiana DNR
Full Lake Wawasee report →
Comparable

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