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Residential Land for Sale in Martinsville, Indiana

Lake S Dr, Martinsville, IN 46151

$359,000
2.82 acres
Active sale
ago
Est $2,724/mo

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
Zip code
46151
Community
Painted Hills
School district
Nineveh-Hensley-Jackson United
Elevation
654 feet
Coordinates
39.533, -86.3757

Property details

Acreage
2.82 acres
Zoning
Residential
MLS #
MIBOR 22116413
Posted

Expenses

Homeowner Association Fee
$750 annually

Parcels

  • 551407485003000012

Legal description

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

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
July 26, 2026New listing$359,000MIBOR
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This 2.82-acre property is located at Lake S Dr in Martinsville, IN 46151. The land is available for sale, priced at $359,000 — $127,305 per acre.

Listed by Doc Real Estate, (317) 908-0531

Checked 1 hour agoUpdated Source

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