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Land with Home for Sale in Morgantown, Indiana

7351 Homestead Rd, Morgantown, IN 46160

$555,000
5.65 acres
Active sale
$42.9k drop
Est $3,185/mo

Nestled at the end of a quiet road, this private and truly unique property offers exceptional versatility and income potential. The 5.65 acre setting features two homes with recent updates, creating an ideal opportunity for a family compound, multi-generational living, or built in rental income. Each home enjoys its own sense of privacy, each with its own detached barn/outbuilding offering ample workspace and parking. The main residence includes four bedrooms, two en suites, and bathrooms with updates. The rental home was remodeled down to the studs in 2023 and features all new systems and finishes. With serene pond views and abundant space, this one-of-a-kind property is a must-see investment and lifestyle opportunity.

1,684
Sq feet
4
Beds
3
Full baths
1987
Built

Location

Street address
7351 Homestead Rd
Zip code
46160
School district
Brown County School Corporation
Elevation
795 feet
Coordinates
39.3032, -86.238

Property details

Acreage
5.65 acres
MLS #
MIBOR 22094234
Posted

Parcels

  • 070218400133000002

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence
Franchise
Century 21 Real Estate

Lot

Features
Suburb

Structure

Style
Ranch
Stories
1
Water
Public
Heating
Forced Air, Propane
Cooling
Central Air
Materials
Vinyl Siding

Interior

Room Count
7
Rooms
Bathroom x 3, Bedroom x 4
Appliances
Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator
Features
Attic Access

Property utilities

CategoryTypeStatus
GasPropaneConnected

Nearby schools

NameTypeDistrict
Brown County Junior HighMiddleBrown County School Corporation
Brown County High SchoolHighBrown County School Corporation

Listing history

DateEventPriceChangeSource
June 25, 2026Price drop$555,000$42,900 -7.2%MIBOR
May 27, 2026Price drop$597,900$51,100 -7.9%MIBOR
Apr 24, 2026New listing$649,000MIBOR
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This 5.65-acre property is located at 7351 Homestead Rd in Morgantown, IN 46160. The property is available for sale, priced at $555,000. It has a 1,684 square foot 4-bedroom, 3-bath house built in 1987.

Listed by Century 21 Scheetz, (812) 378-1723

Checked 2 hours agoUpdated Source

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