Shipshewana Lake is an unincorporated community and census-designated place (CDP) in LaGrange County, Indiana, United States.
The community is in western LaGrange County, surrounding the natural water body of Shipshewana Lake. It is northwest of the town of Shipshewana and east of Middlebury.
According to the U.S. Census Bureau, the Shipshewana Lake CDP has a total area of , of which are land and , or 48.12%, are water. The lake drains at its southeast end into Page Ditch, which flows northeast to the Pigeon River, a west-flowing tributary of the St. Joseph River, leading to Lake Michigan.
The United States Census Bureau defined Shipshewana Lake as a census designated place in the 2022 American Community Survey.