Residential Waterfront Lot
For Sale
$359,000
Lake S Drive, Martinsville, IN 46151
Land, Martinsville, IN
Property SizeContact for details
Lot Size2.82 Acres
Days on Market48
Property Features for Lake S Drive
General Information
Property type
Land
Property subtype
Other
Zoning
Residential
Subdivision
Painted Hills
Lot features
Mature Trees, Trees- Small ( Under 20 Ft), Wooded
View
Lake
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
551407485003000012
Lot size
2.82 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 117A Painted Hills Subdivision 2nd Sec.
HOA Fee
$750 Annually
Legal Description
Lot 117A Painted Hills Subdivision 2nd Sec.
Utilities
Sewer type
Septic Needed
Water front
1
Listing Agency:
Doc Real Estate, Inc
(317) 888-7333
Listed By:
Brian Ferguson
(317) 908-0531
Added: Jul 24
Changed: Aug 28
Last Checked: Sep 9 at 6:06PM
MLS# 22116413
Copyright © 2026 Broker Listing Cooperative®. 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.
Four adjoining wooded lots are being offered together, totaling approximately 2.82 acres, with residential zoning. The parcel includes road frontage and waterfront access on scenic Lake Nebo, providing a natural, tree-lined setting for a custom home build.
Access and community benefits are supported through an HOA, which includes access to Lake Holiday, described as a private 150-acre ski lake for boating, skiing, tubing, swimming, and fishing, plus Lake Nebo, described as a 46-acre lake for kayaking, paddleboarding, and relaxing on the water. Community amenities listed include a private beach, swimming pool, clubhouse, members-only restaurant and bar, pickleball, tennis, basketball, volleyball, playground, dog park, kayak launch, and multiple fishing and swimming docks.
The HOA and community amenities are positioned to support year-round use, along with members-only social events as described in the remarks.
Access and community benefits are supported through an HOA, which includes access to Lake Holiday, described as a private 150-acre ski lake for boating, skiing, tubing, swimming, and fishing, plus Lake Nebo, described as a 46-acre lake for kayaking, paddleboarding, and relaxing on the water. Community amenities listed include a private beach, swimming pool, clubhouse, members-only restaurant and bar, pickleball, tennis, basketball, volleyball, playground, dog park, kayak launch, and multiple fishing and swimming docks.
The HOA and community amenities are positioned to support year-round use, along with members-only social events as described in the remarks.
Key Highlights
- Four adjoining wooded lots totaling approx. 2.82 acres in the Painted Hills Lake Community
- Road frontage with waterfront access on scenic Lake Nebo
- HOA includes access to Lake Holiday, a private 150‑acre ski lake for boating, skiing, tubing, swimming, and fishing
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Four adjoining wooded lots with road frontage and waterfront access, offered in a residential setting.
Where is this residential land & home lot located?
The property is located at Lake S Drive Martinsville, IN.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Four adjoining wooded lots totaling approx. 2.82 acres in the Painted Hills Lake Community; Road frontage with waterfront access on scenic Lake Nebo; HOA includes access to Lake Holiday, a private 150‑acre ski lake for boating, skiing, tubing, swimming, and fishing
