Cromwell Homes under $500,000

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Newest Cromwell Homes under $500,000

$105,000

2 Beds ⋅ 1 Baths ⋅ 202640054 MLS ⋅ 785 SqFt. ⋅ Theresa Taylor

Don't miss your opportunity to have a great starter home or little lake getaway. This home is located in the heart of Knapp lake. This 120 acre fishing lake is most known for it's Largemouth bass, Bluegill, and Northern pike. Enjoy the quiet cozy setting. Walk to the lakefront. Drop your kayak in and paddle to 3 other connecting lakes. Seller states a pier may be placed through the association. This home sits on a double lot. It has a newer roof and the appliances are staying. Lots of attic storage. New electric baseboard heat. Low Low taxes. Inspections welcome but home is being sold as-is.

0748 Oakwood Dr, Cromwell

Listing courtesy of Theresa Taylor from Trump Realty, LLC. Theresa@TrumpRealty.org

$195,000

2 Beds ⋅ 1 Baths ⋅ 202635910 MLS ⋅ 1,144 SqFt. ⋅ Brittney Niles

Welcome to this charming lakeside retreat with direct access to the 86 peaceful acres that make up Knapp Lake! Knapp Lake is a non-sporting lake and is known for its fishing & peaceful setting with nature-filled shorelines. This 2 Bed, 1 Bath home has undergone many updates and has brought new life and curb appeal into this quiet lakeside neighborhood. When you walk through the newly installed front door, you'll find a cozy living room with a sliding door that goes out to a brand-new wooden deck with privacy screening. You'll also walk into find a nicely sized eat-in kitchen and a full bath. There's also laundry hook ups for a stackable unit in the storage closet under the stairs. As you go up the semi-open stairway you'll find 2 bedrooms with good sized closets. Outside you'll find tons of potential for entertaining on the new deck and enjoying a good story with friends and family around the new fire pit in the newly fenced-in backyard. The cute shed offers lots of great storage for all your summer toys and all the lawncare equipment stays with the house, as do the 2 kayaks hanging on the fence, most furnishings & bookcases! Some of the updates that have been done- new flooring in the bathroom, painted kitchen cabinets, new drywall & paint in both bedrooms, new privacy fence, deck with stairs & railing in 2026, new fire pit, new gravel parking space, new exterior lighting, new white siding, new bladder tank & pump, new front door & new stabilized floating pier.

0707 S Oakwood Dr, Cromwell

Listing courtesy of Brittney Niles from Northern Lakes Realty.

$494,000

3 Beds ⋅ 2 Baths ⋅ 202634831 MLS ⋅ 1,328 SqFt. ⋅ Verlin Miller

*Price Reduction*Discover the charm of this tri-level home on the serene channels of Lake Wawasee! With the beautifully designed concrete curbing and a soothing waterfall flowing into the channel, this property offers a perfect retreat for relaxation. Enjoy the conveniences of a short boat ride to local restaurants, making this ideal for leisure and dining experiences. This home also presents an excellent opportunity as a VRBO investment property, attracting vacationers looking to immerse themselves in the beauty and tranquility of this recreational lake. Whether you're seeking a personal getaway or an income generating asset, this property checks all the boxes. With a lot of updates this home will provide peace of mind, new furnace and A/C, retaining wall with composite privacy fence with extra large paved driveway for additional parking, water softener, whole house generator hookup and modern garage doors. If your looking for a great lake property with lots of possibilities this is the one for you.

9285 E Sleepy Hollow Pkwy, Cromwell

Listing courtesy of Verlin Miller from Berkshire Hathaway HomeServices Elkhart. Office: 574-293-1010

$189,000

3 Beds ⋅ 2 Baths ⋅ 202634316 MLS ⋅ 1,382 SqFt. ⋅ Kay Young

3 bedroom, 1 1/4 bath home with large outbuilding.... 1380 sq. ft. of living space with a large yard (.38 acres) providing plenty of room for a garden, play yard, and more. Detached garage of over 1000 sq. ft. provides lots of room for not only cars but a workshop for Dad or Mom! 2 additional sheds will remain on the property . Just north of Cromwell you have easy access to both Cromwell and Ligonier as well as the West Noble Schools. Home could use some TLC at this time. This would be a great family home, or investment property.

9177 W 450n, Cromwell

Listing courtesy of Kay Young from ERA Crossroads.

$424,900

3 Beds ⋅ 2 Baths ⋅ 202617617 MLS ⋅ 1,274 SqFt. ⋅ Angela Racolta

Incredible opportunity to own a move-in ready Lake Wawasee retreat with deeded channel-front access just a short walk away! This 3-bedroom, 2-bath split-bedroom ranch (sleeps 10) includes a 15’ channel-front lot with a pier—offering quick, easy access to Indiana’s largest natural lake and all the boating, fishing, and lake life you’ve been dreaming of. Perfectly located on the desirable west side of the lake in a quiet, low-traffic setting, this property has been thoughtfully updated and meticulously maintained. The home sits on a .23-acre lot and features a welcoming exterior with refreshed landscaping, a covered front porch, and attached 1-car garage. Step inside to a bright, open-concept layout with LVP flooring, crisp white trim, and a clean, neutral aesthetic throughout. The living area is open to the eat-in kitchen and dining space, where sliding doors lead to the show-stopping outdoor living area. The kitchen is well-appointed with stainless steel appliances, abundant cabinetry, tile backsplash, and a beverage fridge/coffee station—perfect for hosting or relaxing after a day on the water. Outdoor living is where this home truly shines. A large, brand new wraparound deck creates the ultimate space for entertaining, dining, or unwinding, all within a fully fenced backyard with two gates for quick, convenient access to the pier. An Amish-built shed on a cement slab—with interior lighting and multiple outlets—provides excellent storage for lake toys and equipment, while a garden trough adds charm and functionality for those who love to grow their own produce. Additional updates include a new well pump (2025) and added garage fridge and freezer (included), making this home as practical as it is inviting. The split-bedroom floor plan offers privacy, with a spacious primary bedroom featuring double closets, plus two additional generously sized bedrooms. Two full baths and a dedicated laundry area complete the interior. Currently a successful Airbnb, this property offers incredible flexibility as a short-term rental, weekend getaway, or year-round residence. Furniture package available for an additional cost making this a truly turnkey opportunity. Enjoy effortless access to Lake Wawasee, just minutes by boat from your pier, and take advantage of nearby Syracuse for dining, shopping, and entertainment.

9202 E Lilac Ln, Cromwell

Listing courtesy of Angela Racolta from Encore Sotheby's International Realty. Cell: 317-750-1600

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Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.