
Land with Home for Sale in New Albany, Indiana
4261.4259 Stone Mountain Rd, New Albany, IN 47150
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!
Location
- Street address
- 4261.4259 Stone Mountain Rd
- County
- Floyd County
- 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
P 414 PRT L 3 32-2-6 1.15 AC; SW 1/4 32-2-6 1.815AC; The remaining acreage of 57.73 will be settled at closing.
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
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Aug 15, 2025 | Price drop | $975,000 | $225,000 -18.8% | SIREA |
| July 7, 2025 | New listing | $1,200,000 | — | SIREA |




















