0 Cherry Court
Martinsville, IN, 46151 $ 10,000
Baths0.0 Monthly Estimate*
$ 63
Studio for $10,000. The lot size is 0.5.
Become part of the exclusive Painted Hills Lake Community with this beautiful wooded membership lot located on Cherry Court. This property is a membership-only lot and is not currently considered a buildable homesite. Ownership provides the valuable right to enjoy the private Painted Hills lifestyle while requiring virtually no maintenance. For just $713 per year in HOA dues, payable each May 1, you'll enjoy full access to the community's outstanding amenities, including the 150-acre Lake Holiday, 46-acre Lake Nebo, private beach, swimming pool, clubhouse, members-only restaurant and bar, pickleball, tennis, basketball, volleyball, dog park, playground, kayak launch, fishing docks, swimming docks, and year-round community events. Whether you're looking for an affordable way to enjoy lake life, secure your place in this highly sought-after private community, or invest for the future, this property offers exceptional value. While this lot is not currently buildable, buyers may wish to explore its future potential should adjoining properties become available. Any future development, building rights, or use would be subject to applicable approvals, regulations, and independent buyer due diligence. Conveniently located just 30 minutes from Indianapolis, Bloomington, and Indianapolis International Airport, Painted Hills offers a unique combination of resort-style living and small-town charm. Take your ATV to community amenities, Downtown Martinsville, local restaurants, shopping, and the popular Cedar Creek entertainment destination featuring concerts, a winery, brewery, distillery, and year-round events. Membership opportunities in Painted Hills are becoming increasingly difficult to find. Whether you're seeking recreational access today or a long-term investment within one of Morgan County's premier private lake communities, this property is an opportunity you won't want to miss. 3 adjoining lots are also available for seperate purchase.
See more
FeaturesGeneralSewer Septic Needed
Possession Closing
Development Status Plat Recorded
Zoning Residential
HOA Fee 713
Association Fee Includes Clubhouse Maintenance ParkPlayground Pickleball Court Security Tennis Court(s)
View Forest Rural Trees/Woods
Topography Hilly Sloping Wooded
Township Jackson
Property Subtype Residential Lots
Tax Year 2025
Assoc Fee Paid Per Annually
County Morgan
New Construction N
Property Type Land
Association Amenities Basketball Court Beach Access Beach Rights Billiard Room Boat Dock Boat Slip Boating Clubhouse Dog Park Game Court Exterior Maintenance Park Parking Pickleball Court(s) Picnic Area Playground Powered
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 34814
Elementary School Indian Creek Elementary School
Current Financing Cash Only
Middle/Junior High School Indian Creek Middle School
Additional Parcels Y/N N
Virtual Tour https://www.MovetoPaintedHills.com www.DanielleStiles.com
Standard Status Active
Tax Lot 551418480002000012
Legal Description Lot 1120 Painted Hills Subdivision 8th
See more
ExteriorLot Features Cul-De-Sac Irregular Lot Rural - Subdivision Mature Trees Wooded
Water Source None
Lot Size Acres 0.5
Road Surface Type See Remarks
Waterfront Y/N N
Road Frontage Type Private Road
Number of Lots 1
Horse Amenities None
See more
* Excluded FeaturesList ByRealEstate@DanielleStiles.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $63
- Monthly Property Taxes
- --
- 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 $620,944
Percent of Sale Price 6,109%
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 |
|---|
| 7/2/2026 | $10,000 | | Listed Price |