Listing provided courtesy of Weichert Realtors - ShorelineNorthwest Indiana MLSas Distributed by MLSGrid- MLS# 838362MLS Provider

81 Morena TerraceCrown Point, IN 46307

Vacant Land · 0.51 Acres
$84,900 Active

81 Morena Terrace Overview

Time on Site:
54 days
Visits:
0

Discover why so many buyers choose Crown Point and the gated Falling Waters community as their forever-home destination. Falling Waters offers a private, resort-like setting defined by wooded homesites, and serene water views, creating a peaceful environment where wildlife, natural scenery, and quiet walking areas are part of everyday life. A gated entrance provides added privacy and security, while strong pride of ownership is evident throughout the neighborhood, which features custom-built homes ranging from upscale to true luxury. Beyond the gates, Crown Point delivers a vibrant community lifestyle centered around its historic Downtown Square and Bulldog Park. Residents enjoy a full calendar of annual events, including the Summer Corn Roast, Taste of Crown Point, the Summer Concert Series, and the Fourth of July Parade and Fireworks. Seasonal activities continue throughout the year with ice skating, a Santa Parade, a New Year's Eve Ball Drop, and rotating festivals and markets that bring the community together. Despite its tranquil, nature-filled setting, Falling Waters is just minutes from shopping, dining, parks, and recreation, and approximately 40 minutes from downtown Chicago, offering an ideal balance of retreat-style living and everyday convenience. Low Porter County taxes and access to highly regarded Crown Point schools further enhance the value, making Falling Waters one of Northwest Indiana's most sought-after gated communities for those seeking lifestyle, community, and long-term value. The HOA fee includes trash pickup, road maintenance, security gates, and snow removal of common streets.

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81 Morena Terrace Facts & Features

  • Type Vacant Land
  • Lot 0.51 Acres

Details

General

Association/HOA

  • Association Amenities: None
  • Association Fee: 1050
  • Association Fee Frequency: Annually
  • Association Fee Includes: Snow Removal,Other,Trash
  • Association Name: 1st American Management
  • Association: true

School Information

  • School District: Porter Township
  • Elementary School: Porter Lakes Elementary School
  • High School: Boone Grove High School

Location/Region

  • County Or Parish: Porter
  • Subdivision Name: Falling Waters
  • Township: Porter

Community/Development

  • Development Status: Other,Raw Land

Rent/Lease Information

  • Lease Considered: false

Tax Information

  • Tax Annual Amount: 1272
  • Tax Assessed Value: 83600
  • Tax Year: 2024

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 641103407002000018
  • Property Sub Type: Unimproved Land
  • Property Type: Land
  • Special Listing Conditions: None

Interior

General Information

  • Electric: Other

Exterior

Lot Information

  • Lot Features: Cul-De-Sac,Wooded,Few Trees
  • Lot Size Acres: 0.51
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 22216
  • Water Source: Public

Waterfront/View

  • View: Neighborhood,Trees/Woods
  • Waterfront: false

General Information

  • Sewer: Public Sewer
  • Utilities: Electricity Available,Water Available,Sewer Available,Natural Gas Available

81 Morena Terrace Neighborhood

Community

46307 (Crown Point) Demographics

40
Median Age
725
Population Density (per sq. mile)
38%
College Educated
$87,543
Estimated Median Income
20,128
Estimated Total Home Owners
2,839
Estimated Total Renters
88% / 12%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

81 Morena Terrace Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

81 Morena Terrace Market Data

Based on the last 30 days in this zip code

$476,841
Average List Price
$190
Average Price per Square Foot
123
Properties Sold
61
Average Days on Market
499
Properties for Sale
Calculations provided by Reliance Network

81 Morena Terrace History

Date Event Value Agent
5/6/2026Source: Northwest Indiana MLS Added to Database
May 06, 2026