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5159 STATE ROAD 38, 
Richmond, IN 47374

$950,000


4

Beds


3

Baths


4,545

Sq Ft


Single Family

Active

Listed by

Jeff Mustard

Coldwell Banker Lingle

765-966-1581

Last updated:

November 6, 2025, 03:16 PM

MLS#

10052273

Source:

IN RAR CB

About This Home

5159 STATE ROAD 38

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 (16’x16’), 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

Home Facts

Single Family

3 Baths

4 Bedrooms

Built in 1870

Price Summary

950,000

$209 per Sq. Ft.

MLS #:

10052273

Last Updated:

November 6, 2025, 03:16 PM

Added:

14 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

4,545 Sq. Ft.


Structure

Structure

Building Area:

4,545 Sq. Ft.

Year Built:

1870


Lot

Lot Size (Sq. Ft):

435,600


Finances & Disclosures

Finances

Price:

$950,000

Price per Sq. Ft:

$209 per Sq. Ft.

Source:IN RAR CB
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