A rare opportunity to own two premier lakefront lots being sold together in the highly sought-after Falcon Crest community. With approximately 6.5 acres and over 300 feet of direct lake frontage, this exceptional property offers the space, privacy, and waterfront lifestyle you've been dreaming about. Imagine designing and building your custom dream home on one of the most desirable homesites in the area. With direct access to the large lake, you'll enjoy the freedom to build your own private dock and spend your days swimming, kayaking, paddleboarding, fishing, or simply soaking in the breathtaking water views. Situated on a quiet cul-de-sac, this expansive property provides the perfect blend of seclusion and convenience. Surrounded by rolling countryside and natural beauty, Falcon Crest offers a peaceful rural setting in Morgan County while remaining just minutes from everyday necessities. Enjoy an easy commute to Indianapolis and Bloomington, with Indianapolis International Airport only about 20 minutes away. Whether you envision a luxury waterfront estate, a private family retreat, or a legacy property to enjoy for generations, this one-of-a-kind offering provides endless possibilities.
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Zillow last checked:
Listing updated:
Listed by:
Michelle Chandler317-413-8352,
Keller Williams Indy Metro Partners,
Bryan Williams,
Keller Williams Indy Metro Partners
Source: MIBOR as distributed by MLS GRID,MLS#: 22107345
Facts & features
Property
Features
Has view: Yes
View description: Neighborhood, Trees/Woods
Lot
Size: 6.52 Acres
Features: Rural - Subdivision, Mature Trees, Trees-Small (Under 20 Ft), Corner, Cul-de-Sac, Lake Front, On Pond, Platted Subdivision, Rural In Subdivsion, Small Trees, Water Acces
Topography: Sloping,Wooded
Details
Additional parcels included: LOT 17 FALCON CREST 3.922 A
Parcel number: 550814200007008014
Zoning: Residential
Zoning description: Single Family
Horse amenities: None
Utilities & green energy
Sewer: Septic Needed
Water: Municipal Water Near By
Community & HOA
Community
Subdivision: Falcon Crest
HOA
Has HOA: Yes
HOA fee: $1,000 annually
Location
Region: Martinsville
Financial & listing details
Tax assessed value: $49,400
Annual tax amount: $1,062
Date on market: 6/12/2026
Cumulative days on market: 13 days
Road surface type: Asphalt
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
6/15/2026
Pending sale
$170,000
Source: MIBOR as distributed by MLS GRID #22107345Report a problem
6/12/2026
Listed for sale
$170,000+62.7%
Source: MIBOR as distributed by MLS GRID #22107345Report a problem
10/21/2022
Sold
$104,500-2.8%
Source: MIBOR as distributed by MLS GRID #21843858Report a problem
9/19/2022
Pending sale
$107,500
Source: MIBOR as distributed by MLS GRID #21843858Report a problem
7/1/2022
Price change
$107,500-6.5%
Source: MIBOR as distributed by MLS GRID #21843858Report a problem
6/5/2022
Listed for sale
$115,000
Source: MIBOR as distributed by MLS GRID #21843858Report a problem
4/25/2022
Pending sale
$115,000
Source: MIBOR as distributed by MLS GRID #21843858Report a problem
4/15/2022
Price change
$115,000-4.2%
Source: MIBOR as distributed by MLS GRID #21843858Report a problem
3/18/2022
Listed for sale
$120,000+112.4%
Source: MIBOR as distributed by MLS GRID #21843858Report a problem
6/2/2021
Sold
$56,500-13.1%
Source: MIBOR as distributed by MLS GRID #21763360Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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.
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.