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Residential Land for Sale in Martinsville, Indiana

Lakeview East Dr, Martinsville, IN 46151

$48,750
0.37 acres
Active
$1.25k drop
Est $423/mo

Dreaming of lake life that feels like a permanent vacation? This double lot in the private lake community of Painted Hills offers the ideal setting to bring your future home to life. With mature woods for privacy, water views just across the street, and utilities already available at the road, this spacious parcel is ready for your septic approval with room for your custom floorplan! Painted Hills isn't just a neighborhood, it's a lifestyle. Residents enjoy access to two private lakes perfect for boating, fishing, and kayaking. The member's only clubhouse features a full-service restaurant and bar, often buzzing with live music and community events. Cool off at the private pool, meet friends for a match at the tennis or pickleball courts, or relax at the sandy beach area where sunsets are always better by the water. There's even a dog park, beach volleyball, community playground, and multiple fishing docks scattered throughout the neighborhood for that true resort-like experience. Located with easy, no-hill access from the main gate and walking distance to both lakes, beach, clubhouse, park & pool, this lot offers a peaceful retreat while staying within 30 minutes from both Indianapolis and Bloomington. Families also appreciate the flexibility of dual school district enrollment between MSD of Martinsville and Indian Creek Schools. Whether you're building your forever home or a weekend escape, this double lot offers the space, setting, and community to make your dream a reality in one of Indiana's most sought-after lake communities.

Location

Street address
Lakeview East Dr
Community
Painted Hills
School district
Nineveh-Hensley-Jackson United
Elevation
771 feet
Coordinates
39.401, -86.3472

Directions

IN37 South, Take 252 South to Leonard Road @Hoosier Harvest Church. Enter Gate 2 onto Lakeview Dr, cross the dam & pass the boat ramps. Property is located across the street from Lake Nebo at the speed bump.

Property details

Lot size
0.37 acres16,117 sq ft
Zoning
Residential
MLS #
MIBOR 22050469
Posted

Expenses

Home Owner Assessments Fee
$713 annually

Parcels

  • 551407495006000012

Legal description

Details and features

Listing

Type
Land

Lot

View
Water

Nearby schools

NameLevelDistrictDescription
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
Oct 27, 2025Price drop$48,750$1,250 -2.5%MIBOR
July 17, 2025New listing$50,000MIBOR
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This 0.37-acre property is located at Lakeview East Dr in Martinsville, IN 46151. The property is available for sale for $48,750.

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