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Recreational Land with Home for Sale in Morgantown, Indiana

5832 E Mahalasville Rd, Morgantown, IN 46160

$625,000
15.9 acres
Pending sale
Under contract

Situated on 15.87 scenic acres, this well-appointed ranch offers privacy and refined country living in a peaceful natural setting. The 1,920-square-foot home features a light-filled main living space enhanced by skylights, creating an open and inviting atmosphere ideal for both relaxing and entertaining. The property showcases a picturesque 2-acre stocked pond, providing a beautiful focal point and the perfect place for fishing or quiet evenings overlooking the water. Expansive grounds allow ample space for recreation, gatherings, or simply enjoying the surrounding landscape. A 2-car attached garage is complemented by an impressive 50 x 30 heated 4-car detached garage - a standout feature offering exceptional versatility. Ideal for car enthusiasts, hobbyists, equipment storage, or workshop use, the structure provides generous space for projects, recreational vehicles, or a dedicated workspace separate from the home. The home has recently been connected to city water while still retaining the existing well pump, offering added convenience along with a valuable secondary water source for outdoor use. A rare opportunity to enjoy acreage, water views, and privacy in a serene setting.

1,920
Sq feet
3
Beds
2
Full baths
2003
Built

Location

Street address
5832 E Mahalasville Rd
Zip code
46160
School district
Nineveh-Hensley-Jackson United
Elevation
654 feet
Coordinates
39.3543, -86.3232

Property details

Acreage
15.87 acres
MLS #
MIBOR 22082804
Posted

Parcels

  • 551433100002000012

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Lot

Waterfront
Pond, Waterfront
Features
Mature Trees, Rural-Not Subdivision, Wooded

Exterior

Parking
Garage
Structures
Outbuilding, Outdoor Kitchen
Features
Balcony, Water Feature Fountain

Structure

Style
Ranch
Stories
1
Water
Public
Heating
Electric, Forced Air
Cooling
Central Air
Materials
Wood Siding

Interior

Room Count
6
Rooms
Bathroom x 2, Bedroom x 3
Fireplaces
Yes
Appliances
Dishwasher, Dryer, Electric Oven, Electric Water Heater, Microwave, Refrigerator
Features
Attic Access, Walk-In Closet(s)

Nearby schools

NameTypeDistrict
Indian Creek Elementary SchoolElementaryNineveh-Hensley-Jackson United
Indian Creek Middle SchoolMiddleNineveh-Hensley-Jackson United
Indian Creek SR High SchoolHighNineveh-Hensley-Jackson United

Listing history

DateEventPriceChangeSource
June 10, 2026Under contract$625,000MIBOR
Apr 30, 2026Listing removed$625,000Listing agent
Apr 8, 2026Under contract$625,000MIBOR
Mar 13, 2026Price drop$625,000$20,000 -3.1%MIBOR
Mar 11, 2026Price drop$645,000$15,000 -2.3%MIBOR
Mar 6, 2026Price drop$660,000$15,000 -2.2%MIBOR
Feb 23, 2026Price drop$675,000$9,900 -1.4%MIBOR
Feb 21, 2026Price drop$684,900$4,100 -0.6%MIBOR
Feb 7, 2026New listing$689,000MIBOR
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This 15.87-acre property is located at 5832 E Mahalasville Rd in Morgantown, IN 46160. The property is pending sale. It has a 1,920 sq ft 3 bedroom, 2 bath house built in 2003.

Listed by Mark Dietel Realty, (317) 441-7887

Checked 2 hours agoUpdated Source

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