515 E Monroe Dam Rd, Bloomington, IN 47401
What's special
Just minutes from the Salt Creek Recreation Area boat ramp, this thoughtfully renovated 3-bedroom, 2-bath retreat on 5 private wooded acres offers the perfect blend of Lake Monroe adventure, peaceful seclusion, and exceptional versatility. Whether you're searching for a weekend getaway, a full-time residence, or a property with outstanding short-term rental potential, this one checks all the boxes. Inside, the open-concept floor plan centers around a stunning new kitchen featuring white soft-close cabinetry, quartz countertops, stainless steel appliances, a classic tile backsplash, and a large center island with breakfast bar seating. New flooring, updated lighting, and modern finishes throughout create a bright, welcoming space that comfortably sleeps up to 12 guests, making it ideal for hosting family and friends or accommodating larger groups. Outside, the possibilities continue with an oversized detached two-car garage, a 32' x 28' insulated pole barn with electricity, a covered parking area, and plenty of room to park an RV, boats, trailers, and recreational equipment. Whether you're spending the day on Lake Monroe, exploring Hoosier National Forest, or relaxing around the property, you'll appreciate the space to store all your outdoor toys. Paynetown State Recreation Area, beaches, marinas, and miles of hiking trails are just minutes away, while Indiana University and downtown Bloomington are approximately 15 minutes from your doorstep. With its generous sleeping capacity, abundant parking, exceptional storage, and prime location near both Lake Monroe and IU, this property offers outstanding flexibility as a personal retreat or a short-term rental for lake visitors, university events, football weekends, graduation ceremonies, and other Bloomington-area activities. If you've been searching for a place where lake living, outdoor adventure, and investment opportunity come together, you've just found it.
- 48 days |
- 1,314 |
- 68 |
Travel times
Family Room
Kitchen
Basement (Finished)
Bedroom
Zillow last checked:
Listing updated:
Christopher Fahy cfahy@bhhsin.com,
Berkshire Hathaway Home,
Julie Getty-Downham 317-710-6696
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12x11
Bedroom 2
- Level: Main
- Area: 81 Square Feet
- Dimensions: 9x9
Bedroom 3
- Level: Basement
- Area: 288 Square Feet
- Dimensions: 24x12
Family room
- Level: Main
- Area: 234 Square Feet
- Dimensions: 18x13
Kitchen
- Level: Main
- Area: 180 Square Feet
- Dimensions: 15x12
Laundry
- Level: Main
- Area: 50 Square Feet
- Dimensions: 10x5
Heating
- Electric, Forced Air, Heat Pump
Cooling
- Central Air, Heat Pump
Appliances
- Included: Dishwasher, Dryer, Electric Water Heater, Disposal, Microwave, Convection Oven, Electric Oven, Refrigerator, Washer, Other
- Laundry: Main Level
Features
- Breakfast Bar, Kitchen Island, Ceiling Fan(s), High Speed Internet, Eat-in Kitchen, Pantry, Smart Thermostat
- Windows: Wood Work Painted
- Basement: Finished
Interior area
- Total structure area: 1,560
- Total interior livable area: 1,560 sqft
- Finished area below ground: 520
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Detached, Gravel, Garage Door Opener, Guest, RV Access/Parking, Storage, Workshop in Garage, Other
- Garage spaces: 4
- Details: Garage Parking Other(Finished Garage, Garage Door Opener, Service Door, Other)
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Deck
- Exterior features: Storage, RV Hookup, Other
- Fencing: Fenced,Chain Link,Partial,Gate
- Has view: Yes
- View description: Forest, Pasture, Rural, Trees/Woods
Lot
- Size: 5 Acres
- Features: Irregular Lot, Rural - Not Subdivision, Mature Trees, Wooded, See Remarks, Other
Details
- Additional structures: Barn Pole
- Parcel number: 531121300007000006
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
- Foundation: Block
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1989
Utilities & green energy
- Electric: 200+ Amp Service, 220 Volts in Garage, 220 Volts in Workshop
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Connected, Water Connected
Community & HOA
Community
- Security: Security System Owned, Smoke Detector(s)
- Subdivision: No Subdivision
HOA
- Has HOA: No
Location
- Region: Bloomington
Financial & listing details
- Price per square foot: $300/sqft
- Tax assessed value: $280,600
- Annual tax amount: $4,160
- Date on market: 7/31/2026
- Cumulative days on market: 45 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 9/12/2026 | Price change | $468,444-1.2%$300/sqft |
Source:  MIBOR as distributed by MLS GRID #22117546 Report a problem | ||
| 7/31/2026 | Listed for sale | $474,000+50.5% |
Source:  IRMLS #202631031 Report a problem | ||
| 10/21/2022 | Sold | $315,000-10%$202/sqft |
Source: MIBOR as distributed by MLS GRID #21873466 Report a problem | ||
| 9/26/2022 | Pending sale | $349,900$224/sqft |
Source: MIBOR as distributed by MLS GRID #21873466 Report a problem | ||
| 9/15/2022 | Price change | $349,900-6.7% |
Source: IRMLS #202230866 Report a problem | ||
| 8/3/2022 | Price change | $374,900-6.3%$240/sqft |
Source: MIBOR as distributed by MLS GRID #21873466 Report a problem | ||
| 7/26/2022 | Listed for sale | $399,900+86% |
Source: IRMLS #202230866 Report a problem | ||
| 3/22/2019 | Sold | $215,000$138/sqft |
Source: Agent Provided Report a problem | ||
| 2/18/2019 | Listed for sale | $215,000+30.3%$138/sqft |
Source: Choice Realty & Management #201905411 Report a problem | ||
| 8/7/2016 | Listing removed | $165,000$106/sqft |
Source: RE/MAX REALTY PROFESSIONALS (BLOOMINGTON) #201604606 Report a problem | ||
| 5/10/2016 | Price change | $165,000-12.9%$106/sqft |
Source: RE/MAX Realty Professionals #201604606 Report a problem | ||
| 2/6/2016 | Listed for sale | $189,500-2.8%$121/sqft |
Source: RE/MAX Realty Professionals #201604606 Report a problem | ||
| 1/4/2016 | Listing removed | $195,000$125/sqft |
Source: RE/MAX CONNECTION #201525002 Report a problem | ||
| 6/2/2015 | Price change | $195,000-2.3%$125/sqft |
Source: RE/MAX CONNECTION #201525002 Report a problem | ||
| 10/28/2014 | Price change | $199,500-5%$128/sqft |
Source: RE/MAX Realty Professionals #201416095 Report a problem | ||
| 8/23/2014 | Price change | $210,000-6.7%$135/sqft |
Source: RE/MAX Realty Professionals #201416095 Report a problem | ||
| 5/6/2014 | Listed for sale | $225,000$144/sqft |
Source: RE/MAX Realty Professionals #201416095 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,837 0% | $280,600 +7.1% |
| 2024 | $3,838 +98.5% | $262,000 +4.5% |
| 2023 | $1,933 +10.3% | $250,800 +7.8% |
| 2022 | $1,752 -0.1% | $232,700 +9.5% |
| 2021 | $1,753 +36.7% | $212,500 +3.8% |
| 2020 | $1,282 -48.6% | $204,700 +16% |
| 2019 | $2,495 +1.1% | $176,500 -0.1% |
| 2018 | $2,469 +165.6% | $176,700 +1.1% |
| 2017 | $930 | $174,800 +0.2% |
| 2016 | $930 +0.9% | $174,500 +8.3% |
| 2014 | $921 +1.3% | $161,100 +0.8% |
| 2013 | $909 +1.9% | $159,900 -0.2% |
| 2012 | $892 +5.3% | $160,200 +0.6% |
| 2011 | $847 +47.5% | $159,300 +17.7% |
| 2010 | $574 +3% | $135,400 |
| 2009 | $558 | $135,400 |
Find assessor info on the county website
Monthly payment
Estimated market value
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Estimated sales range
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Climate risks
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