Lake Community Buildable
For Sale
$50,000
Sunnyslope E Drive, Martinsville, IN 46151
LAND - Martinsville, IN
Property SizeContact for details
Lot Size0.78 Acres
Days on Market58
Property Features for Sunnyslope E Drive
General Information
Property type
Land
Property subtype
Other
Zoning
Residential
Subdivision
Painted Hills
Lot features
Rural - Subdivision, Mature Trees, Wooded
View
Forest
Elementary school
Indian Creek Elementary School
Middle school
Indian Creek Middle School
High school
Indian Creek Sr High School
Elementary school district
Nineveh-Hensley-Jackson United
Middle school district
Nineveh-Hensley-Jackson United
High school district
Nineveh-Hensley-Jackson United
Directions
GPS Friendly
Standard status
Active
APN
551408365009000012
Lot size
0.78 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 617 Painted Hills Subdivision 7th
HOA Fee
$713 Annually
Legal Description
Lot 617 Painted Hills Subdivision 7th
Utilities
Sewer type
Septic Needed
Listing Agency:
The Modglin Group
(317) 865-9400
Listed By:
Danielle Stiles · License #RB18000499
(317) 900-6015
Added: Jun 16
Changed: Jul 6
Last Checked: Aug 12 at 6:06PM
MLS# 22108077
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a buildable residential lot located in wooded surroundings within the Painted Hills lake community. The HOA requires a home size of 1,500+ square feet with a 2-car garage, and it does not allow anything pre-manufactured. Septic is required for the property and will need to be considered when planning your building and driveway, but the HOA allows owners to develop at their own pace.
Painted Hills offers two fully stocked lakes and space for water sports, along with a range of community amenities including a swimming pool, tennis, basketball, pickleball, and volleyball courts, a sandy beach, playground, and dog park. There is also boat and RV storage, plus community dining and an on-site restaurant and bar. Utilities are at the street, with REMC Fiber and Painted Hills Water available.
For buyers looking to construct a primary residence that fits the community’s standards, this lot provides a straightforward path to building within the HOA framework. The HOA dues are $713 per year due May 1st before a house is established, and $950 per year after a residence has been established. The community also does not allow Airbnb or temporary rentals, which may appeal to owners seeking a more consistent residential environment.
Painted Hills offers two fully stocked lakes and space for water sports, along with a range of community amenities including a swimming pool, tennis, basketball, pickleball, and volleyball courts, a sandy beach, playground, and dog park. There is also boat and RV storage, plus community dining and an on-site restaurant and bar. Utilities are at the street, with REMC Fiber and Painted Hills Water available.
For buyers looking to construct a primary residence that fits the community’s standards, this lot provides a straightforward path to building within the HOA framework. The HOA dues are $713 per year due May 1st before a house is established, and $950 per year after a residence has been established. The community also does not allow Airbnb or temporary rentals, which may appeal to owners seeking a more consistent residential environment.
Key Highlights
- Buildable lot in Painted Hills, a private lake community with 2 fully stocked lakes for water recreation
- HOA dues: $713/year due May 1 before a home is built; $950/year once a residence is established
- HOA requirements: minimum 1,500+ sq ft home with a 2‑car garage; no pre‑manufactured homes allowed
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 46151, IN
32,335
Population
13,366
Households
2.4
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
203.6 sq mi
ZIP Area
159
Density / Sq Mi
$77,724
Median Household Income
$45,426
Median Earnings
$978
Median Rent
$219,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Buildable residential lot in the Painted Hills lake community with HOA requirements for a custom home and utilities at the street.
Where is this residential land & home lot located?
The property is located at Sunnyslope E Drive Martinsville, IN.
What is the asking price?
The asking price for this property is $50,000.
What are key features of this property?
This property features: Buildable lot in Painted Hills, a private lake community with 2 fully stocked lakes for water recreation; HOA dues: $713/year due May 1 before a home is built; $950/year once a residence is established; HOA requirements: minimum 1,500+ sq ft home with a 2‑car garage; no pre‑manufactured homes allowed
