
Residential Land for Sale in Martinsville, Indiana
Lake S Dr, Martinsville, IN 46151
Exceptional opportunity to own four adjoining wooded lots totaling approximately 2.82 acres in the sought-after Painted Hills Lake Community! With road frontage, waterfront access on scenic Lake Nebo, and mature trees providing a beautiful natural setting, this property offers the perfect place to build the custom home you've always imagined. Enjoy the privacy, flexibility, and space that four combined lots provide while taking advantage of everything this resort-style community has to offer. HOA includes access to Lake Holiday, a private 150-acre ski lake for boating, skiing, tubing, swimming, and fishing, as well as the peaceful 46-acre Lake Nebo, ideal for kayaking, paddleboarding, and relaxing on the water. Community amenities include a private beach, swimming pool, clubhouse, members-only restaurant and bar, pickleball, tennis, basketball, volleyball, playground, dog park, kayak launch, multiple fishing and swimming docks, and year-round social events. Conveniently located just 30 minutes from downtown Indianapolis, Bloomington, and Indianapolis International Airport, Painted Hills offers the perfect blend of peaceful lake living and everyday convenience. This is your chance to build not just a home, but an incredible lifestyle.
Location
- Street address
- Lake S Dr
- County
- Morgan County
- Zip code
- 46151
- Community
- Painted Hills
- School district
- Nineveh-Hensley-Jackson United
- Elevation
- 654 feet
Property details
- Acreage
- 2.82 acres
- Zoning
- Residential
- MLS #
- MIBOR 22116413
- Posted
Expenses
- Homeowner Association Fee
- $750 annually
Parcels
- 551407485003000012
Legal description
Lot 117A Painted Hills Subdivision 2nd Sec.
Details and features
Listing
- Type
- Land
- Franchise
- Independent
Lot
- View
- Lake
- Waterfront
- Yes
- Features
- Mature Trees, Trees-Small ( Under 20 Ft), Wooded
Structure
- Sewer
- Septic Needed
Nearby schools
| Name | Type | District |
|---|---|---|
| Indian Creek Elementary School | Elementary | Nineveh-Hensley-Jackson United |
| Indian Creek Middle School | Middle | Nineveh-Hensley-Jackson United |
| Indian Creek SR High School | High | Nineveh-Hensley-Jackson United |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| July 26, 2026 | New listing | $359,000 | — | MIBOR |