55300 Falling Water Drive Elkhart IN 46514 (House For Sale) | MLS 202620743
Frequently Asked Questions
Are house prices dropping in Elkhart?
The house prices in Elkhart are indeed dropping at the moment. There has been a decrease in price of $30,247.30. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.
What is the housing market like in Elkhart at this time?
The housing market and house prices in Elkhart are going down. The average house price is $305,000.00 and the average price per square feet is $173.98 per square foot. At the moment, there are 2317 homes listed - 207 active, 110 pending, and 2000 sold in Elkhart.
What is the most popular place to buy a house in Elkhart?
The most popular place to buy a home in Elkhart is 2001 - Elkhart - Cleveland. 2001 - Elkhart - Cleveland has the most properties listed and appears to have the highest demand.
What is the amount of property taxes you have to pay for a house in Elkhart?
The average amount of property taxes you would have to pay for a home in Elkhart is $2,955.51. Property taxes are tied to the value of the home - the more expensive the home, the higher the taxes.
How fast are houses listed in Elkhart being sold?
Properties in Elkhart stay on the market for an average of 65 days. A lower number of days indicates a seller's market, while a higher number indicates a buyer's market.
How often are houses listed for sale in Elkhart?
The last home listed in Elkhart was 670 minutes ago.
Can you visit houses in Elkhart?
Currently, there are 1 open houses available for viewing in Elkhart.
What is the most expensive house in Elkhart?
The cost of the most expensive home in Elkhart is $2,450,000.00. Expensive homes often come with better amenities, larger spaces, and faster appreciation.
What is the cheapest house in Elkhart?
The cost of the cheapest home in Elkhart is $65,000.00. Buying a cheaper home can keep payments low and leave room for customization.
How old are the homes in Elkhart?
The oldest home in Elkhart was built in 1860, and the newest in 2026.
How big are the homes in Elkhart?
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The average property size in Elkhart is 2306.92 sq.ft., the largest being 11953 sq.ft., and the smallest being 0 sq.ft.
Additional Details
Property Details
Lot Dimensions:
88X115
Lot Description:
Rolling, Waterfront Level Bank
Total Sq. Ft.:
3, 258
Garage:
Attached
Basement:
Yes
Directions:
From Mc Kinley Hwy/ Old US 20 Head North On Spring Run Turn Left On Falling Waters Ct Home Is On The Right
Appliances
Dishwasher, Microwave, Refrigerator, Washer, Dryer Electric, Range Electric, Sump Pump, Water Filtration System, Water Heater Gas, Water Softener Owned
Cool
Central Air
Heat
Gas, Forced Air
Total Rooms
14 Rooms
Schools
High School:
Elkhart
Middle School:
West Side
Elementary School:
Cleveland
Tax and Financial Info
Semi-Annual Property Tax:
$1, 983
Tax Year:
2025
Mandatory HOA Fee:
$120.00
Quick View
Address:
55300 Falling Water Drive Elkhart IN 46514
Status:
Active
On Site:
33 Days On Site
Price:
$464, 900
Bedrooms:
5 Beds
Bathrooms:
3 Full Baths
Sq. Feet:
3, 258
Year Built:
2005
Lot Size:
0.23
County:
Elkhart County
Township:
Cleveland
MLS #:
202620743
Property Type:
Site Built Home
Community Information
City:
Elkhart
Subdivision:
Description
This beautifully maintained 5-bedroom, 3-bathroom home offers over 3,000 square feet of thoughtfully designed living space, blending comfort, functionality, and scenic natural surroundings. The inviting main level showcases soaring vaulted ceilings, a stunning double-sided stone fireplace, and multiple skylights that fill the home with abundant natural light, creating a warm and welcoming atmosphere throughout. The spacious primary suite serves as a private retreat, featuring elegant coffered ceilings and a luxurious ensuite bath complete with a relaxing jetted garden tub. Just beyond, the four-seasons room offers the perfect place to unwind while enjoying peaceful views of the backyard creek and surrounding landscape year-round. The finished walkout basement provides exceptional additional living space, complete with a guest bedroom, home gym, bar area, and a second stone fireplace, ideal for entertaining or accommodating guests. Recent updates, including new carpeting, fresh paint, and the replacement of the central air conditioning, furnace, and water heater, offer both style and peace of mind. Step outside to enjoy the covered front porch, expansive rear deck, and oversized 3-car garage. Situated along picturesque Cobus Creek, which meanders directly behind the property, you'll appreciate the tranquil setting and frequent visits from local wildlife, including ducks, deer, and wild turkey.
Source: IRMLS as distributed by MLS GRID, MLS ID: 202620743
Listing provided courtesy of Stephen Smith 574-360-2569 and Justin Frey with Irish Realty
Last Updated: 6/23/2026 | 12:31 AM
Home Details
Status: Active
Price: $464,900
Address: 55300 Falling Water Drive, Elkhart, IN 46514
This beautifully maintained 5-bedroom, 3-bathroom home offers over 3,000 square feet of thoughtfully designed living space, blending comfort, functionality, and scenic natural surroundings. The inviting main level showcases soaring vaulted ceilings, a stunning double-sided stone fireplace, and multiple skylights that fill the home with ab...
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Source: IRMLS as distributed by MLS GRID, MLS ID: 202620743
Listing provided courtesy of Stephen Smith 574-360-2569 and Justin Frey with Irish Realty
Zip Code 46514, Indiana offers a tranquil neighborhood with predominantly single detached homes built around 1980, featuring mostly two and three-bedroom residences. Residents benefit from nearby public and private elementary schools, while high schools are accessible with some effort. The area includes over 50 diverse restaurants and about 10 supermarkets, ensuring dining and shopping convenience. Pharmacies are within easy reach and provide staple supplies. Although biking infrastructure is limited, the gentle hills add occasional variety for riders. Public transit includes several bus lines with stops close to most homes, and ample parking enhances car accessibility throughout the peaceful, quiet streets.
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