Late Colts Owner Jim Irsay’s Indiana Lake House Sails on the Market at $20 Million

Now that his $12 million estate in the suburban city of Carmel, Indiana, has snagged a buyer after only a few short days on the market, the family of Indianapolis Colts owner Jim Irsay has also decided to put their late patriarch’s vacation retreat on the shores of Lake Maxinkuckee up for sale. The waterfront spread near the northern Indiana town of Culver is listed for a speck under $20 million with Andrea Kelly of Encore Sotheby’s International Realty.

Irsay, who passed away in May on what would have been his 65th birthday, acquired the six-acre property in 2000 for $6.2 million and subsequently custom built a multi-structure compound. Set amid two separate parcels linked by a 350-foot underground tunnel beneath a public road, the entire 35,000-square-foot spread features a European-inspired main home, plus a guesthouse accompanied by wellness and entertainment buildings.

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Within the primary dwelling, crafted of stone and wood and capped by a shingled mansard roof, are eight bedrooms and 12 baths in roughly 14,000 square feet across four levels boasting partial elevator access, high timber-framed ceilings, hand-painted details, four fireplaces, several screened porches, and a walkout lower level. Other highlights include a fireside living room sporting large expanses of glass offering picturesque water vistas, as well as a cozy wood-paneled study and a spacious eat-in kitchen.

In addition to the guesthouse, which has an attached eight-car garage, an entertainment complex is decked out with a club-style bar that can seat up to 20, a four-lane bowling alley, an arcade, and an indoor shooting range, while the wellness center comes with an indoor pool and spa, a fireside lounge, and steam and fitness areas. Retractable doors open out to the grounds, which host a fire pit, a sand volleyball court, and a 4,000-square-foot dock with two boat slips and three solar-powered lifts on 250 feet of lake frontage.

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Irsay, who was worth a reported $4.8 billion per Forbes, was principal owner, chairman, and CEO of the Colts from 1997 until his death. The team is now under the ownership of his three daughters, Carlie Irsay-Gordon, Casey Foyt, and Kalen Jackson, who told The Wall Street Journal that the lake house has been a place of peace, joy, and connection for decades.

“This property has been a quiet retreat from the busyness of life, a place where we’ve gathered as a family, celebrated milestones, and created some of our most cherished memories,” they said. “From sunrise boat rides to long summer evenings on the porch, every corner of the property holds a story. We learned to fish off the dock, roasted marshmallows under the stars, and shared countless laughs around the kitchen table.”

Click here for more photos of the Indiana residence.