50' of Lake Wawasee frontage + 50' of channel frontage + guest cottage + the opportunity to build exactly what you want. This is a property with possibilities well beyond the lakefront lot itself. Build your dream home on Lake Wawasee! Offering 50' of lake frontage with a sandy lake bottom, level approach to the water and beautiful open lake views, this property provides an exceptional opportunity to create a custom lakefront home on Indiana's largest natural lake. Located on a peninsula with limited through traffic, the setting offers a quieter lake lifestyle while keeping you close to everything Wawasee. Back lot includes an existing 2-bedroom, 1-bath, 916 sq. ft. guest cottage and an additional 50' of channel frontage. Walk into living with large windows, another living space is lake side and a nice sized kitchen is lake side. The cottage offers additional space for family and guests, while the channel frontage provides convenient watercraft parking and a waterside deck for relaxing after a day on the lake. Pier 442B. Lake Wawasee offers more than 3,000 acres of all-sports lake living with approximately 25 miles of shoreline. Spend your summers boating, skiing, fishing, sailing, visiting the sandbar or cruising by boat to lakefront restaurants and marinas. From weekend sailing races and the Sunday morning wooden boat parade to quiet evenings on the water, Wawasee offers a lake lifestyle generations have enjoyed. Conveniently located approximately 2.5 hours from Chicago or Indianapolis and about an hour from Fort Wayne and South Bend/Notre Dame.