411 & 415 S County Road 550 E

Selma, IN 47383

$510,000 Listing #264701
3 Beds 2 Baths 2,655 sq ft Year Built: 1945 Residential

Endless Possibilities Await on This 13.8-Acre Dream Property! This truly one-of-a-kind, multi-use estate tucked into a peaceful rural setting within the Wapahani School District combines country living with incredible income-producing potential—perfect for homeowners, entrepreneurs, or equestrian enthusiasts. The main home offers over 2,600 sq ft with 3 bedrooms and 2 baths, and a spacious and thoughtfully designed layout ideal for both daily living and entertaining. The primary suite with en-suite bath is located on the main level for added comfort and convenience. You'll love the expansive kitchen and breakfast nook, where all appliances are included, and the cozy gas log fireplace in the living room. Under the carpeting in the living room, dining room, and upstairs bedrooms you'll find original hardwood floors, just waiting to be revealed and restored. A bright sunroom, 2-car attached garage, and a 957 sq ft unfinished basement provide even more functional space. Plus, the home is connected to a Generac generator system for peace of mind. The 2-bedroom guest house offers a fantastic opportunity for extended family, guest accommodations, or rental income. It includes its own 2-car detached garage and is connected to city water and sewer. For pet care professionals, this property is a dream come true. The on-site dog kennel and grooming facility is fully equipped with 30 indoor/outdoor runs, a grooming station, office space, and everything needed to launch a thriving business. Horse lovers will fall in love with the expansive 24-stall horse barn, featuring a huge indoor riding arena, plus a lounge area, office space, and restroom. The multiple acres of fully fenced pasture offers plenty of space for boarding, training, or private equestrian use. With a total of 13.8 acres across two parcels, there is room to grow, explore, and create a lifestyle tailored to your dreams. PLEASE NOTE: Will only qualify for RURAL 1ST CONVENTIONAL LOAN PROGRAM or CASH PURCHASE. Whether you're seeking a personal retreat, animal-friendly business, or an income producing property—this rural gem has it all.

Interior Features

Square Feet 2,655

Exterior Features

Lot Size 13.80 acres
Courtesy of Cortney Felton, NextHome Elite Real Estate
This content last updated on 4/21/2025 7:52 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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Cortney Felton

IN License #: RB18001582 Direct: 765.748.6334
Expertise Types: Buyer Broker, Farms, New Homes, Ranches, Relocation, Residential, Land, Condominiums, Residential Investment, Mobile Homes, Single Family Homes, Townhomes, Rural Land, Second Homes
Professional Designations: REALTOR, ABR, AHWD
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