5159 State Road 38 Richmond, IN 47374
Listing Courtesy of: RICHMOND IN AOR / Coldwell Banker Lingle / Jeff Mustard

  5159 State Road 38 Richmond, IN 47374

Active (82 Days)
$899,900 (USD)
4
BED
3
BATH
4,545
SQFT
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Description

Timeless architecture meets contemporary refinement in this late-19th century Villa Italianate estate on 10 acres in Richmond, IN. Blending historic character with modern luxury and sprawling equestrian facilities, this property is unlike any other in Wayne County. The home showcases hallmark Italianate features tall arched windows (recently replaced with high-end aluminum-clad Marvin windows), and ornate corbels and cornices. Inside, soaring 11' ceilings, original working transoms over doors, and original woodwork preserve period character. Natural light cascades into the massive 19' 28' kitchen through an entire wall of southern-facing doors, reclaimed from a country club in upstate New York. The kitchen is appointed with solid-wood custom cabinetry, fitted to the Sub-Zero refrigerator as well for a seamless look. Huge slabs of granite (imported from India) adorn the walls, forming the backsplash, countertops, and even the elongated double bowl sink. The focal point of this amazing space is a Lacanche range handcrafted in Burgundy, France. All 3 full bath counters, backsplash, and sinks are finished with the same imported granite, and high-end fixtures/faucets. Outdoor living includes five porches all decked with Ipe (Brazillion hardwood), terraced gardens with dwarf fruit trees, decorative iron fencing with custom gate. Equestrian amenities are exceptional: a 72' 120' indoor arena (2019) with skylights, kick-walls, and dual sliding doors (16x16), a 36' 72' barn with four (expandable to eight) stalls, breezeway connecting stalls to arena, heated/cooled tack room, a round pen, plus three additional buildings; 36x54 (built 2003), 50x65, and 30x40. Separate 200-amp service and an extra well serve all barns. Major systems include a geothermal loop (2009) and a new mound septic (2025) ADDITIONAL ACREAGE FROM THE ADJOINING 150 ACRES MAY BE PURCHASED WITH THE PROPERTY. FINAL ACREAGE AND BOUNDARIES TO BE DETERMINED BY SURVEY AND SUBJECT TO SELLER APPROVAL

MLS #:
10052273
Lot Size
10 acres
Type
Single-Family Home
Year Built
1870
Style
Other
County
Wayne County

Listed By

Jeff Mustard, Coldwell Banker Lingle
Source
RICHMOND IN AOR
Last checked Jan 13 2026 at 9:36 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 3
Property Features
  • Fireplace: Wood Burning
Heating and Cooling
  • Forced Air
  • Geothermal
  • Central Air
Exterior Features
  • Brick
  • Roof: Asphalt
Utility Information
  • Sewer: Septic
School Information
  • Elementary School: Northeastern
  • Middle School: Northeastern
  • High School: Northeastern
Garage
  • Garage-Detached
Stories
  • 2
Living Area
  • 4,545 sqft

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jan 06, 2026
Price Changed
$899,900
-5%
-$50,100
Oct 23, 2025
Listed
$950,000
-
-
Listing Brokerage Notes
Buyer Brokerage Compensation: 1.5%
*Details provided by the brokerage, not MLS (Multiple Listing Service). Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.
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Disclaimer: Copyright 2026 Richmond Indiana Association of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 1/13/26 13:36
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