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    Martinsville, IN
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    Martinsville, IN Waterfront Land for Sale

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    10 properties
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    Residential Waterfront Lot Package
    Updated: Jul 24
    Residential Waterfront Lot Package

    Lake S Drive, Martinsville, IN 46151

    $359,000
    2.82 AC lot
    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
    HOA also includes access to the 46‑acre Lake Nebo for kayaking, paddleboarding, and relaxing on the water
    Community amenities include private beach, swimming pool, clubhouse, members‑only restaurant and bar, and kayak launch
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    Waterfront Residential Land
    Updated: Apr 24
    Waterfront Residential Land

    2013-2006 S Austin Court, Martinsville, IN 46151

    $200,900
    5.74 AC lot
    Lot #3 with 5.74 acres and waterfront features including lake front and pond waterfront
    Waterfront touches the water, offering potential water views and direct access depending on build location
    Multiple potential building sites for flexibility in siting a home for views, a walkout, or privacy among mature trees
    Located on a quiet cul‑de‑sac in a rural neighborhood with mature trees
    Sewer: septic needed
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    Two Lakefront Lots in Residential Community
    Two Lakefront Lots in Residential Community

    3210 Kestrel Court, Martinsville, IN 46151

    $170,000
    6.52 AC lot

    Two parcels with direct lake frontage and residential zoning, set on a quiet cul-de-sac for a custom lakeside build.

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    Non-Buildable Waterfront Retreat Lot
    Non-Buildable Waterfront Retreat Lot

    Kinnington Road, Martinsville, IN 46151

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    0.31 AC lot

    Wooded, membership-only lake community lot that is not currently buildable, with access to shared lake and recreation amenities.

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    Membership Waterfront Lot
    Membership Waterfront Lot

    Rembrandt Drive, Martinsville, IN 46151

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    0.50 AC lot

    Unimproved, non-buildable waterfront lot in a private lake community with annual member dues for access to amenities.

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    Residential Waterfront Community Lot
    Residential Waterfront Community Lot

    Lakeview Drive E, Martinsville, IN 46151

    $48,750
    0.73 AC lot

    Double lot in a private lake community with mature woods and water views across the street.

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    Waterfront Residential Lot
    Waterfront Residential Lot

    2945 Fox Court E, Martinsville, IN 46151

    $55,000
    0.45 AC lot

    Residential single-family lot in a waterfront community, backing to a lake and surrounded by mature trees.

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    Non-Buildable Waterfront Community Lot
    Non-Buildable Waterfront Community Lot

    Sunnyslope E Drive, Martinsville, IN 46151

    Contact for pricing
    0.32 AC lot

    Non-buildable lot in a private lake community with access to two lakes and extensive recreational amenities.

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    Residential Waterfront Lots
    Residential Waterfront Lots

    2925 Fox Court E, Martinsville, IN 46151

    $100,000
    0.40 AC lot

    Two residential waterfront lots in a lakeside community with shared clubhouse, pool, and tennis amenities.

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    Lakefront Recreation Land Retreat
    Lakefront Recreation Land Retreat

    N Lower Lake Drive, Martinsville, IN 46151

    $39,900
    0.26 AC lot

    Lakefront lot near mature trees with a finished 12' x 15' building including electricity and water.

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    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 10 Active listings in Martinsville, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Waterfront Lake Property with Boathouse
    Waterfront Lake Property with Boathouse

    11311 W Grandview Drive, Columbus, IN 47201

    $749,000
    500 sqft

    Lakefront property with a custom boathouse, patio, and a Trex dock with 95 feet of shoreline.

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    Lakefront Vacant Land Lot
    Lakefront Vacant Land Lot

    11291 W Grandview Dr, Columbus, IN 47201

    $225,000

    Vacant lakefront lot with approximately 50 feet of shoreline and access to the lake and Grandview trails.

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    Buildable Waterfront Residential Lot
    Buildable Waterfront Residential Lot

    Nineveh, IN 46164

    $32,500
    0.54 AC lot

    Buildable residential lot with access to two private lakes and soil analysis available for planning new construction.

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    Lake-Access Wooded Waterfront Lot
    Lake-Access Wooded Waterfront Lot

    7427 Lion Dr, Nineveh, IN 46164

    $38,000

    Wooded, presumed-buildable lot with lake rights to two private lakes and access to hiking trails and a private beach.

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    Martinsville, IN Waterfront Land Market Trends and Statistics

    Explore 10 waterfront land for sale in Martinsville, IN, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 786,127 square feet of properties for sale, with an estimated market value of $973,550.

    Sale prices for water rights properties in Martinsville, IN start at $39,900, averaging $139,078, and reaching up to $359,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Residential land & home lots 34
    Commercial land 29
    Waterfront Land 11
    Agricultural land / Farmland 7
    Hunting land 4

    Demographics Overview

    Population 32K
    Population Growth (5Y) +1.7%
    Median Household Income $77,724
    College Educated 26.4%

    High-Yield Neighborhoods for Investment

    Identify Martinsville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46151 $1M

    Taxes & Financing

    Tax Rate (average for all types) 1.52%
    Property Tax per SF $25.34 per SF
    Tax Rate vs County Average 0.40 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Morgan County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Martinsville fall within the 5 to 10 acres range.

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