Not just a home, but a retreat-tucked deep down a private gravel road with no through traffic, this 11.66-acre property offers peace, privacy, and a lifestyle where modern comfort meets the beauty of nature. Surrounded by wooded acreage rich with deer, turkey, and other wildlife, it's perfect for those who value seclusion and space to explore. A peaceful creek winds through the land, while trails meander through the woods-ideal for quiet walks, wildlife watching, or simply enjoying the stillness. With room to roam, space for animals, and endless outdoor opportunities, this property delivers a rare balance of natural beauty and modern living. The fully remodeled 5-bedroom, 5-bath home offers over 4,800 square feet of thoughtfully designed living space. The primary suite features a private sitting room, two large walk-in closets plus an additional closet, and a spa-like bath with custom tile shower, freestanding soaking tub, double vanity, and bidet. Four additional bedrooms and two fully remodeled baths complete the upper level. The main floor includes an open-concept layout with a dream kitchen boasting a 10' x 3.6' island with butcher block and vegetable sink, farm sink, walk-in pantry, stainless steel appliances, touchless faucets, and designer lighting. Hardwood and luxury vinyl plank flooring extend throughout. Additional amenities include a finished side-load 3-car garage, three 50-gallon water heaters, dual 200-amp panels, and high-speed fiber internet. The 46x12 deck is ideal for entertaining, while the walk-out basement offers a large family room, remodeled half-bath with plumbing for a full bath, and two flexible rooms for a home office, gym, or creative space. Freshly drywalled and painted, the basement adds versatility. An energy-efficient geothermal system installed in 2020 completes this exceptional property. This one-of-a-kind retreat blends privacy, natural beauty, and modern comfort-don't miss your chance to experience it.
Sold
$740,000
4866 E 500 S, Franklin, IN 46131
5beds
4,877sqft
Residential, Single Family Residence
Built in 1999
11.66 Acres Lot
$721,400 Zestimate®
$152/sqft
$3,816 Estimated rent
Home value
$721,400
$685,000 - $757,000
$3,816/mo
Zestimate® history
Owner options
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$3,816/mo
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$3,816/mo
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$3,616/mo
Est. payment
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$3,616/mo
Est. payment
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List your homeWhat's special
Surrounded by wooded acreageSpa-like bathPeaceful creekThoughtfully designed living spacePrivate gravel roadEndless outdoor opportunitiesOpen-concept layout
Zillow last checked:
Listing updated:
Listing Provided by:
Patrick Watkins 317-698-9566,
Mike Watkins Real Estate Group,
Christopher Watkins,
Mike Watkins Real Estate Group
Bought with:
Angi Oakes
Berkshire Hathaway Home
Source: MIBOR as distributed by MLS GRID,MLS#: 22049683
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 3
- 1/2 bathrooms: 2
- Main level bathrooms: 1
Primary bedroom
- Level: Upper
- Area: 300 Square Feet
- Dimensions: 20x15
Bedroom 2
- Level: Upper
- Area: 144 Square Feet
- Dimensions: 12x12
Bedroom 3
- Level: Upper
- Area: 143 Square Feet
- Dimensions: 13x11
Bedroom 4
- Level: Upper
- Area: 143 Square Feet
- Dimensions: 13x11
Bedroom 5
- Level: Upper
- Area: 180 Square Feet
- Dimensions: 15x12
Bonus room
- Features: Other
- Level: Basement
- Area: 165 Square Feet
- Dimensions: 11x15
Bonus room
- Features: Other
- Level: Basement
- Area: 210 Square Feet
- Dimensions: 15x14
Dining room
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13x11
Family room
- Features: Other
- Level: Basement
- Area: 480 Square Feet
- Dimensions: 32x15
Great room
- Features: Luxury Vinyl Plank
- Level: Main
- Area: 320 Square Feet
- Dimensions: 20x16
Kitchen
- Features: Luxury Vinyl Plank
- Level: Main
- Area: 315 Square Feet
- Dimensions: 21x15
Laundry
- Features: Luxury Vinyl Plank
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12x11
Living room
- Features: Luxury Vinyl Plank
- Level: Main
- Area: 110 Square Feet
- Dimensions: 11x10
Sitting room
- Level: Upper
- Area: 216 Square Feet
- Dimensions: 18x12
Heating
- Geothermal
Cooling
- Central Air
Appliances
- Included: Electric Cooktop, Dishwasher, Oven, Double Oven, Range Hood, Refrigerator, Water Softener Rented
Features
- Attic Access, High Ceilings, Entrance Foyer, Ceiling Fan(s), Hardwood Floors, High Speed Internet, Eat-in Kitchen, Pantry, Walk-In Closet(s)
- Flooring: Hardwood
- Windows: Wood Work Painted
- Basement: Ceiling - 9+ feet,Finished,Partial,Roughed In,Walk-Out Access
- Attic: Access Only
Interior area
- Total structure area: 4,877
- Total interior livable area: 4,877 sqft
- Finished area below ground: 1,227
Property
Parking
- Total spaces: 3
- Parking features: Attached, Gravel, Garage Door Opener, Garage Faces Side
- Attached garage spaces: 3
- Details: Garage Parking Other(Finished Garage)
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck
Lot
- Size: 11.66 Acres
- Features: Irregular Lot, Not In Subdivision, Rural - Not Subdivision, Mature Trees, Wooded
Details
- Additional structures: Storage
- Additional parcels included: 411208033011006004, 411217022007005004
- Parcel number: 411207044008000004
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter, Block
Condition
- New construction: No
- Year built: 1999
Utilities & green energy
- Electric: 200+ Amp Service
- Water: Private
Community & neighborhood
Location
- Region: Franklin
- Subdivision: No Subdivision
Price history
| Date | Event | Price |
|---|---|---|
| 1/27/2026 | Sold | $740,000-2.6%$152/sqft |
Source:  MIBOR as distributed by MLS GRID #22049683 Report a problem | ||
| 12/15/2025 | Pending sale | $760,000$156/sqft |
Source: MIBOR as distributed by MLS GRID #22049683 Report a problem | ||
| 11/11/2025 | Price change | $760,000-1.9%$156/sqft |
Source: MIBOR as distributed by MLS GRID #22049683 Report a problem | ||
| 9/26/2025 | Price change | $774,900-3.1%$159/sqft |
Source: MIBOR as distributed by MLS GRID #22049683 Report a problem | ||
| 7/30/2025 | Listed for sale | $799,900+40.3%$164/sqft |
Source: MIBOR as distributed by MLS GRID #22049683 Report a problem | ||
| 5/20/2022 | Sold | $570,000-9.5%$117/sqft |
Source: MIBOR as distributed by MLS GRID #21827851 Report a problem | ||
| 4/11/2022 | Pending sale | $630,000$129/sqft |
Source: MIBOR as distributed by MLS GRID #21827851 Report a problem | ||
| 1/7/2022 | Price change | $630,000-3.1%$129/sqft |
Source: MIBOR as distributed by MLS GRID #21827851 Report a problem | ||
| 12/7/2021 | Listed for sale | $650,000$133/sqft |
Source: MIBOR as distributed by MLS GRID #21827851 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,743 +3.8% | $528,700 +24.5% |
| 2024 | $4,570 +9.2% | $424,800 |
| 2023 | $4,183 +61.4% | $424,800 +19% |
| 2022 | $2,591 -8.9% | $356,900 +15.6% |
| 2021 | $2,844 +30.5% | $308,700 +0.3% |
| 2020 | $2,179 +1.2% | $307,700 +21.4% |
| 2019 | $2,153 +1.8% | $253,500 +5.8% |
| 2018 | $2,115 -2.8% | $239,600 -0.4% |
| 2017 | $2,176 +100% | $240,600 -2.2% |
| 2016 | $1,088 -4.7% | $245,900 -3.8% |
| 2014 | $1,142 -48.8% | $255,600 -0.9% |
| 2013 | $2,231 -0.1% | $258,000 +1.1% |
| 2012 | $2,232 +1.8% | $255,300 -2.7% |
| 2011 | $2,192 -4.2% | $262,300 |
| 2010 | $2,289 -6.4% | $262,300 |
| 2009 | $2,445 -11.1% | $262,300 -11.3% |
| 2007 | $2,749 | $295,600 |
Find assessor info on the county website
Neighborhood: 46131
Nearby schools
GreatSchools rating
- 2/10East Side Elementary SchoolGrades: PK-5Distance: 4.5 mi
- 7/10Edinburgh Community Middle SchoolGrades: 6-8Distance: 4.4 mi
- 4/10Edinburgh Community High SchoolGrades: 9-12Distance: 4.4 mi
Schools provided by the listing agent
- Elementary: East Side Elementary School
- Middle: Edinburgh Comm Middle School
- High: Edinburgh Community High School
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.
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Estimated market value
$721,400
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Estimated market value
$721,400
- Indiana
- Johnson County
- Franklin
- 46131
- 4866 E 500 S
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