Residential Waterfront Community
For Sale
$48,750
Lakeview Drive E, Martinsville, IN 46151
LAND - Martinsville, IN
Property SizeContact for details
Lot Size0.73 Acres
Days on Market98
Property Features for Lakeview Drive E
General Information
Property type
Land
Property subtype
Other
Zoning
Residential
Subdivision
Painted Hills
Lot features
Access, Rural - Subdivision, Mature Trees, Wooded
View
Water
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
IN37 South, Take 252 South to Leonard Road @Hoosier Harvest Church. Enter Gate 2 onto Lakeview Dr, cross the dam & pass the boat ramps. Property is located across the street from Lake Nebo at the speed bump.
Standard status
Active
APN
551407495006000012
Lot size
0.73 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Lot 547 Painted Hills Subdivision 7Th and Lot 548 Painted Hills Subdivision 7Th.
HOA Fee
$713 Annually
Legal Description
Lot 547 Painted Hills Subdivision 7Th and Lot 548 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: May 7
Changed: Jun 16
Last Checked: Aug 12 at 12:06PM
MLS# 22100796
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 residential double lot in the Painted Hills private lake community offers a buildable setting with mature woods for privacy and water views across the street. Utilities are stated as available at the road, and the seller notes the property is ready for septic approval to support a custom home layout.
Residents have access to two private lakes for boating, fishing, and kayaking, along with a member-only clubhouse with a full-service restaurant and bar. Community amenities listed include a private pool, tennis and pickleball courts, a sandy beach area, and multiple fishing docks.
The property is described as having easy, no-hill access from the main gate and being within walking distance to both lakes, the beach, clubhouse, park, and pool. The lot is offered in Martinsville, IN within Morgan County.
Residents have access to two private lakes for boating, fishing, and kayaking, along with a member-only clubhouse with a full-service restaurant and bar. Community amenities listed include a private pool, tennis and pickleball courts, a sandy beach area, and multiple fishing docks.
The property is described as having easy, no-hill access from the main gate and being within walking distance to both lakes, the beach, clubhouse, park, and pool. The lot is offered in Martinsville, IN within Morgan County.
Key Highlights
- Double lot in the private lake community of Painted Hills
- Water views across the street and mature woods for privacy
- Utilities available at the road; septic approval required (septic needed)
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
16
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Waterfront Land - Double lot in a private lake community with mature woods and water views across the street.
Where is this waterfront land located?
The property is located at Lakeview Drive E Martinsville, IN.
What is the asking price?
The asking price for this property is $48,750.
What are key features of this property?
This property features: Double lot in the private lake community of Painted Hills; Water views across the street and mature woods for privacy; Utilities available at the road; septic approval required (septic needed)
