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Lake James Golf Course Auction Totals $622,200; Key Tracts Lead Sales

By: Charlotte Burke • April 29, 2026 • Angola, IN
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photo courtesy of Schrader Real Estate and Auction Company

(ANGOLA) - Schrader Real Estate and Auction Company reports the Lake James Golf Course property brought $622,200 at Monday night's auction.

Bidders split the 127-acre property into multiple parcels, with the highest prices going to tracts offering road access, utilities, views, and existing course features.

Tracts 6 and 7 led the sale at $158,100, offering open, rolling ground with road access and electric tied to holes 10 and 11.

Tracts 13 and 14 followed at $122,400, combining land from holes 14 and 15 with irrigation infrastructure and private build-site potential.

Tract 8 brought $112,200, featuring a pond, a well, and a potential homesite.

Tract 12 sold for $66,300, an elevated parcel tied to hole 16, while Tracts 9 and 11 each brought $51,000, offering smaller build-ready sites with road access and utilities.

Here is the full breakdown of reported sales:

  • Tract 3 - $15,300 (wooded build site)
  • Tracts 6+7 - $158,100 (open land, electric; holes 10 & 11)
  • Tract 8 - $112,200 (pond, well, homesite)
  • Tract 9 - $51,000 (hilltop site; holes 12 & 13)
  • Tract 10 - $45,900 (1-acre build-ready lot with utilities)
  • Tract 11 - $51,000 (build-ready site; hole 17)
  • Tract 12 - $66,300 (elevated site; hole 16)
  • Tracts 13+14 - $122,400 (golf land, irrigation, build sites)

The auction ran as a multi-parcel sale, allowing buyers to purchase tracts individually or in combination. Not all tracts appeared in the reported results.

The auction took place April 27 at the Steuben County Event Center.