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Land with Home for Sale in New Albany, Indiana

4261.4259 Stone Mountain Rd, New Albany, IN 47150

$975,000
60.7 acres
Active
$225k drop
Est $5,112/mo

Absolutely Stunning 60.69 Acre Property with Two Homes and Skyline Views! An extraordinary opportunity awaits in Floyd County--60.01 surveyed acres of breathtaking, park like land offering privacy, seclusion, and unmatched views of the Louisville Skyline. This unique property includes two well maintained homes, both currently rented, making it ideal as an investment or a foundation for building your dream estate.

  • 4259: Built in 1996, this charming 2 bedroom, 1 bath home rents for $1,800/month (month-to-month lease).
  • 4261: Built in 1989, this 2 bedroom, 2 bath home brings in $2,000/month, with the current lease ending in September.

Both homes sit on elevated land offering panoramic views, lush surroundings, and a true sense of tranquility--perfect for continued rental income or multi-generational living while you design and build your custom home on one of the many potential building sites. This is a rare chance to own expansive acreage with income producing homes, scenic vistas, and future development potential--all just minutes from Louisville. Don't miss this one-of-a-kind opportunity--schedule your private tour today!

2,064
Sq feet
4
Beds
3
Full baths
1989
Built

Location

Street address
4261.4259 Stone Mountain Rd
School district
New Albany-Floyd Cty
Elevation
774 feet

Directions

I-64W to Exit 119, Greenville, right on Old Vincennes, right on Quarry Road, left on Stone Mountain Road.

Property details

Acreage
60.69 acres
Zoning
Residential
MLS #
SIREA 202509246
Posted

Property taxes

Recent
$4,020

Parcels

  • 220503200070000007

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence
Franchise
Berkshire Hathaway Home Services

Exterior

Outdoor Spaces
Deck, Porch
Features
Covered Porch

Structure

Heating
Fireplace(s), Forced Air
Cooling
Central Air

Interior

Rooms
Bathroom x 3, Bedroom x 4, Kitchen
Features
Built-In Bookcase, Ceiling Fan(s), Eat-In Kitchen, Natural Wood Trim, Wood Stove

Listing history

DateEventPriceChangeSource
Aug 15, 2025Price drop$975,000$225,000 -18.8%SIREA
July 7, 2025New listing$1,200,000SIREA
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This 60.69-acre property is located at 4261.4259 Stone Mountain Rd in New Albany, IN 47150. The property is available for sale for $975,000. It has a 2,064 sq ft 4 bedroom, 3 bath house built in 1989.

Checked 1 hour ago — Updated

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Copyright (C) 2025 Southern Indiana REALTORS Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Kim Kraft
Berkshire Hathaway HomeServices Parks & Weisberg
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