
Residential Land for Sale in Martinsville, Indiana
Lakeview East Dr, Martinsville, IN 46151
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
- County
- Morgan County
- Community
- Painted Hills
- School district
- Nineveh-Hensley-Jackson United
- Elevation
- 771 feet
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
Lot 547 Painted Hills Subdivision 7Th.
Details and features
Listing
- Type
- Land
Lot
- View
- Water
Nearby schools
| Name | Level | District | Description |
|---|---|---|---|
| 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 |
|---|---|---|---|---|
| Oct 27, 2025 | Price drop | $48,750 | $1,250 -2.5% | MIBOR |
| July 17, 2025 | New listing | $50,000 | — | MIBOR |





























