The Legacy Estate: Late Colts Owner Jim Irsay's Record-Breaking Indiana Mansion Hits Market

A Sports Dynasty’s Crown Jewel

The sprawling lakefront property once belonging to James Irsay, the late billionaire who transformed the Indianapolis Colts into an NFL powerhouse, is now on the market in Culver, Indiana with a jaw-dropping $20 million price tag. If sold at asking price, the estate would shatter Indiana’s existing property record. Positioned on the picturesque shores of Lake Maxinkuckee—roughly 115 miles north of Indianapolis—the compound stands as a testament to the wealth and influence accumulated during Irsay’s decades leading one of professional football’s most storied franchises.

The Compound: Where Luxury Meets Entertainment

The primary residence spans 13,956 square feet across eight bedrooms and 12 bathrooms, situated on a commanding 5.6-acre lot. But the main house is merely the centerpiece of this empire.

The estate’s true showstopper lies in its specialized recreation facilities. An entertainment complex connected via underground tunnel houses a professional-grade four-lane bowling alley, full arcade setup, shooting range, and upscale bar lounge. The sprawling indoor pool structure features a retractable lake-view glass wall system, complemented by a heated pool deck, steam room, hot tub, fitness center, and botanical feature wall—perfectly suited for year-round aquatic enjoyment.

A separate three-bedroom, three-bath guest house provides additional accommodation, while an eight-car garage completes the infrastructure. In total, the property encompasses 35,000 square feet of finished living space.

Waterfront Majesty

The crown achievement of the property is its waterfront access and dock system. The estate boasts the largest privately-owned dock on Lake Maxinkuckee—a 4,000-square-foot structure accommodating multiple vessels and recreational watercraft. Beyond the water, the grounds feature a firepit area, sand volleyball court, and multiple dining and patio spaces ideal for entertaining.

The Man Behind the Mansion

Jim Irsay’s net worth, estimated at $4.8 billion at the time of his passing in May at age 65, was substantially built upon his ownership of the Colts—a franchise his father Robert acquired in 1972. Starting from entry-level roles in ticket sales and public relations, Jim ascended to general manager at just 24 years old before becoming sole proprietor in 1997.

His stewardship proved transformative: the team captured a Super Bowl championship in 2007 and claimed 10 division titles during his tenure. Under current Forbes valuation, the Colts rank 26th among NFL franchises with $593 million in annual revenue—a 23% increase year-over-year.

A New Chapter

Following Jim Irsay’s death, ownership of the Colts transferred to his three daughters: Carlie Irsay-Gordon, Casey Foyt, and Kalen Jackson, continuing the family’s multi-generational hold on the organization.

The sale of this palatial estate marks the closing of one chapter in Irsay family history while the organization they stewarded marches forward under new female leadership—a rare distinction in professional sports.