0 Lake South Drive
Martinsville, IN, 46151 $ 359,000
Baths0.0 Monthly Estimate*
$ 2,267
Studio for $359,000. The lot size is 2.82.
Exceptional opportunity to own four adjoining wooded lots totaling approximately 2.82 acres in the sought-after Painted Hills Lake Community! With road frontage, waterfront access on scenic Lake Nebo, and mature trees providing a beautiful natural setting, this property offers the perfect place to build the custom home you've always imagined. Enjoy the privacy, flexibility, and space that four combined lots provide while taking advantage of everything this resort-style community has to offer. HOA includes access to Lake Holiday, a private 150-acre ski lake for boating, skiing, tubing, swimming, and fishing, as well as the peaceful 46-acre Lake Nebo, ideal for kayaking, paddleboarding, and relaxing on the water. Community amenities include a private beach, swimming pool, clubhouse, members-only restaurant and bar, pickleball, tennis, basketball, volleyball, playground, dog park, kayak launch, multiple fishing and swimming docks, and year-round social events. Conveniently located just 30 minutes from downtown Indianapolis, Bloomington, and Indianapolis International Airport, Painted Hills offers the perfect blend of peaceful lake living and everyday convenience. This is your chance to build not just a home, but an incredible lifestyle.
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FeaturesGeneralSewer Not Applicable Septic Needed
Possession Closing
Development Status Plat Recorded
Zoning Residential
HOA Fee 750
Association Fee Includes Clubhouse Maintenance ParkPlayground Snow Removal Tennis Court(s)
View Lake Trees/Woods
Topography Hilly Varied Wooded
Township Jackson
Property Subtype Residential Lots
Tax Year 2025
Additional Parcels Description Lot 120A Painted Hills Subdivision 2nd Sec. Lot 119A Painted Hills Subdivision 2nd Sec. Lot 118A Painted Hills Subdivision 2nd Sec.
Assoc Fee Paid Per Annually
County Morgan
New Construction N
Property Type Land
Association Amenities Clubhouse Maintenance Park Pickleball Court(s) Playground Security Snow Removal Tennis Court(s)
HOA Y
Subdivision Name Painted Hills
Other Structures Not Applicable
Status Active
Directions GPS Friendly
High School Indian Creek Sr High School
City Martinsville
High School District Nineveh-Hensley-Jackson United
MLS Area 5511 - Morgan - Jackson
Lot Size Square Feet 122839
Elementary School Indian Creek Elementary School
Middle/Junior High School Indian Creek Middle School
Additional Parcels Y/N Y
Standard Status Active
Tax Lot 117A
Legal Description Lot 117A Painted Hills Subdivision 2nd Sec.
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ExteriorLot Features Mature Trees Trees-Small (Under 20 Ft) Wooded
Lot Size Acres 2.82
Road Surface Type Asphalt
Waterfront Y/N Y
Road Frontage Type Private Road
Number of Lots 4
Horse Amenities None
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* Excluded FeaturesList ByDoc Real Estate, IncBroker
Affordability Calculator
- Monthly Principal & Interest
- $2,267
- Monthly Property Taxes
- $27
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Martinsville, IN
Average List Price $626,226
Percent of Sale Price 74%
About Martinsville, IN 11,435 Population
-4% Since 2002
$ 43,007 Median Income
37.97 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
4046630 Elementary School
4046509 Middle School
Indian Creek Sr High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/27/2026 | $359,000 | | Listed Price |