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751 S Summit Street, French Lick, IN
Discover this exceptional rare opportunity offering both immediate cash flow potential and long-term appreciation - or the perfect place to call home. Situated on 1.86 acres, this charming, turnkey single-family residence is positioned high on a scenic hilltop overlooking the town of French Lick, capturing sweeping views and unforgettable sunsets. This 3-bedroom, 2-bath home is low-maintenance and thoughtfully designed for success in the thriving short-term rental market, including Airbnb and VRBO - while also offering the comfort and livability of a full-time residence. Inside, the open-concept layout features stylish finishes and inviting living spaces that create a warm and memorable experience for guests or homeowners alike. The modern kitchen is equipped with stainless steel appliances, ample counter space, and functional flow for entertaining. Spacious bedrooms provide comfort and privacy, making the home ideal for families, couples, or group stays. Outdoor spaces are perfectly suited for relaxation and entertainment, taking full advantage of the elevated vantage point. Guests and residents will appreciate the panoramic views that serve as the perfect backdrop for weekend getaways, golf outings, casino visits, fishing trips, and special events. The property's prime location near the renowned French Lick Springs Resort, French Lick Scenic Railway, West Baden Springs Hotel, and Patoka Lake enhances its appeal - placing dining, spas, championship golf, boating, fishing, and luxury amenities just minutes away. This strategic positioning supports steady occupancy and premium nightly rental rates. Additional highlights include ample parking for multiple RVs, boats, trucks with trailers, and guest vehicles - a rare and valuable feature in this market. Whether you're seeking a high-performing short-term rental investment or a scenic full-time residence, this versatile hilltop property delivers the best of both worlds.
Property Type
Single Family
Style
Ranch
Year Built
1967
Lot Size
1.84 acres
Price / Sqft
$116
Days on Market
17 days
Full Baths
2
Subdivision
No Subdivision
MLS #
MBR22086830
Listing Type
Residential
Market
MIBOR
Elementary
Springs Valley Elementary School
High School
Springs Valley Comm High School
751 S Summit Street, French Lick, IN 47432 — Orange County
Erica Duncan
Carpenter, REALTORS®
13053 N River Grove Drive, Columbus
11149 N Sashing Way, Monrovia
How this home compares across city, state, and national benchmarks
Listed at $260,000, this 3-bed house in French Lick is 227% above the Census median home value of $79,600 for French Lick. Indiana's median home value is $139,802, putting this listing 86% above the state benchmark. The U.S. national median home value is $334,900.
French Lick has a population of 1,790 with a median household income of $54,412 and a homeownership rate of 66.7%. The median home value is $79,600 and the median rent is $770/mo.
Sources: U.S. Census Bureau ACS 2023, Fizbo listing data