Lake living with room to spread out! Located in a cove-protected setting at the Lake of the Ozarks, this property offers the perfect balance of calm water, lake access, and convenience. Included with the home is a second lakefront lot, giving you additional privacy, extra outdoor space, or future potential. Enjoy peaceful cove living while still being just around the corner from some of the lake’s favorite waterfront bars and restaurants, making it easy to spend your days on the water and your evenings enjoying the best of lake life. Whether you’re looking for a full-time residence, weekend retreat, or investment opportunity, this property offers the kind of location and flexibility that’s hard to find. Quiet water, extra lakefront ground, and close proximity to entertainment—this is Lake of the Ozarks living done right.
For sale
$538,000
15231 Martingale Rd, Gravois Mills, MO 65037
4beds
1,766sqft
Single Family Residence
Built in 1983
3,484 Square Feet Lot
$519,500 Zestimate®
$305/sqft
$-- HOA
What's special
Extra lakefront groundPeaceful cove livingSecond lakefront lotQuiet waterExtra outdoor space
- 45 days |
- 976 |
- 34 |
Zillow last checked:
Listing updated:
Listed by:
AIMEE M AMBURGEY (573)693-1613,
Lake Expo Real Estate
Source: Bagnell Dam AOR,MLS#: 3587488Originating MLS: Bagnell Dam Association Of Realtors
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Electric, Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Microwave, Range, Refrigerator, Stove
Features
- Wired for Sound
- Basement: Crawl Space
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,766
- Total interior livable area: 1,766 sqft
Video & virtual tour
Property
Parking
- Parking features: No Garage
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck
- Exterior features: Concrete Driveway, Deck, Gravel Driveway
- On waterfront: Yes
- Waterfront features: Cove, Lake Front, Seawall
Lot
- Size: 3,484 Square Feet
- Dimensions: 80' x 40' IRR & 80' x 54'
- Features: Lake Front
Details
- Additional structures: Gazebo
- Additional parcels included: 155022200002018006
- Parcel number: 155022200002019001
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Two Story
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Crawlspace, Poured
- Roof: Metal
Condition
- Updated/Remodeled
- Year built: 1983
- Major remodel year: 2024
Utilities & green energy
- Sewer: Septic Tank
- Water: Shared Well, Community/Coop
Community & HOA
Community
- Security: Security System Owned
- Subdivision: Clearwater
HOA
- Services included: None
Location
- Region: Gravois Mills
Financial & listing details
- Price per square foot: $305/sqft
- Tax assessed value: $255,000
- Annual tax amount: $2,061
- Date on market: 5/22/2026
- Cumulative days on market: 46 days
- Inclusions: Fridge, stove/oven, microwave, boat lift, 2-PWC lifts (1 single, and 1 double)
- Exclusions: Personal items, furniture and wine fridge
- Ownership: Fee Simple,
- Road surface type: Concrete, Gravel
Estimated market value
$519,500
$494,000 - $545,000
$1,977/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/22/2026 | Listed for sale | $538,000-2.9%$305/sqft |
Source: Bagnell Dam AOR #3587488 Report a problem | ||
| 5/16/2026 | Listing removed | $554,000$314/sqft |
Source: Bagnell Dam AOR #3583370 Report a problem | ||
| 1/15/2026 | Listed for sale | $554,000-3.6%$314/sqft |
Source:  LOBR #3583370 Report a problem | ||
| 1/13/2026 | Listing removed | $574,750$325/sqft |
Source: LOBR #3580739 Report a problem | ||
| 12/16/2025 | Price change | $574,750-0.2%$325/sqft |
Source: LOBR #3580739 Report a problem | ||
| 9/30/2025 | Listed for sale | $575,750$326/sqft |
Source: LOBR #3580739 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $48,450 +12.8% |
| 2024 | $2,063 -1.2% | $42,940 |
| 2023 | $2,087 +18.6% | $42,940 +19.7% |
| 2022 | $1,760 +0.2% | $35,870 |
| 2021 | $1,758 +5.3% | $35,870 +2.7% |
| 2018 | $1,668 | $34,940 |
| 2017 | $1,668 | $34,940 +7.5% |
| 2016 | $1,668 +2.6% | $32,510 |
| 2015 | $1,625 | $32,510 |
| 2013 | $1,625 | $32,510 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 65037
Nearby schools
GreatSchools rating
- 4/10Morgan Co. Elementary SchoolGrades: K-5Distance: 9.5 mi
- 4/10Morgan Co. Middle SchoolGrades: 6-8Distance: 9.5 mi
- 4/10Morgan Co. High SchoolGrades: 9-12Distance: 9.5 mi
Schools provided by the listing agent
- District: Versailles
Source: Bagnell Dam AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Missouri
- Morgan County
- Gravois Mills
- 65037
- 15231 Martingale Rd
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