Welcome to a rare opportunity to own two beautiful adjoining lots sold together, offering privacy, natural beauty, and a peaceful setting for your future plans. This property features a private stocked pond, mature trees, and a serene landscape that feels like a retreat. Whether you envision a home overlooking the water or tucked into the trees, the land provides the space and flexibility to design a setting that fits your vision. The pond is perfect for quiet mornings, fishing, and enjoying the surrounding nature. Mature trees add character and shade, creating a timeless backdrop for whatever you choose to build. These two lots will not be sold separately, ensuring the privacy and natural features remain intact. If you've been searching for a tranquil place to create your dream property, this land offers exceptional potential.
Active
$170,000
5578 E Nebo Country Dr, Martinsville, IN 46151
--beds
--baths
4.79Acres
Unimproved Land, Residential Lots
Built in ----
4.79 Acres Lot
$-- Zestimate®
$--/sqft
$29/mo HOA
What's special
Mature treesSerene landscapePrivate stocked pond
- 49 days |
- 213 |
- 16 |
Zillow last checked:
Listing updated:
Listed by:
Dayana Sanchez 317-771-7129,
Better Homes and Gardens Real Estate Gold Key
Source: MIBOR as distributed by MLS GRID,MLS#: 22112021
Facts & features
Property
Features
- Has view: Yes
- View description: Pond, Water
- Has water view: Yes
- Water view: Pond,Water
- Waterfront features: Pond
Lot
- Size: 4.79 Acres
- Features: Corner Lot, Not In Subdivision, Mature Trees, Wooded, Corner, On Pond, Water Acces, Water View
- Topography: See Remarks
Details
- Additional parcels included: 551416100001.000012
- Parcel number: 551416100001029012
- Zoning: Residential
- Horse amenities: None
Utilities & green energy
- Sewer: Septic Needed
- Water: Public, Municipal Water on Site
Community & HOA
Community
- Subdivision: Nebo Country Estates
HOA
- Has HOA: Yes
- Amenities included: Snow Removal
- Services included: Snow Removal
- HOA fee: $350 annually
Location
- Region: Martinsville
Financial & listing details
- Tax assessed value: $14,300
- Annual tax amount: $572
- Date on market: 7/8/2026
- Cumulative days on market: 51 days
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/8/2026 | Listed for sale | $170,000+100% |
Source:  MIBOR as distributed by MLS GRID #22112021 Report a problem | ||
| 10/27/2021 | Listing removed | -- |
Source: MIBOR as distributed by MLS GRID #21686668 Report a problem | ||
| 10/24/2021 | Pending sale | $85,000 |
Source: MIBOR as distributed by MLS GRID #21686668 Report a problem | ||
| 10/1/2021 | Listed for sale | $85,000 |
Source: MIBOR as distributed by MLS GRID #21686668 Report a problem | ||
| 8/20/2021 | Pending sale | $85,000 |
Source: MIBOR as distributed by MLS GRID #21686668 Report a problem | ||
| 1/25/2021 | Price change | $85,000-10.5% |
Source: MIBOR as distributed by MLS GRID #21686668 Report a problem | ||
| 12/19/2019 | Listed for sale | $95,000 |
Source: New Start Home Realty, LLC #21686668 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $178 +21.5% | $14,300 |
| 2024 | $147 +617% | $14,300 |
| 2023 | $20 +23.1% | $14,300 +615% |
| 2022 | $17 +9.4% | $2,000 +17.6% |
| 2021 | $15 -21.1% | $1,700 |
| 2020 | $19 -13.2% | $1,700 -19% |
| 2019 | $22 -3.1% | $2,100 -16% |
| 2018 | $23 -1.9% | $2,500 |
| 2017 | $23 +10% | $2,500 |
| 2016 | $21 +27.4% | $2,500 +8.7% |
| 2014 | $17 +5.7% | $2,300 |
| 2013 | $16 -1% | $2,300 +9.5% |
| 2012 | $16 +16.1% | $2,100 +23.5% |
| 2011 | $14 -5.8% | $1,700 |
| 2010 | $15 +0.4% | $1,700 +6.3% |
| 2009 | $14 -7.2% | $1,600 +45.5% |
| 2006 | $16 | $1,100 -21.4% |
| 2005 | -- | $1,400 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 46151
Nearby schools
GreatSchools rating
- NAIndian Creek Elementary SchoolGrades: PK-2Distance: 8.6 mi
- 9/10Indian Creek Middle SchoolGrades: 6-8Distance: 8.7 mi
- 8/10Indian Creek Sr High SchoolGrades: 9-12Distance: 8.7 mi
Schools provided by the listing agent
- Elementary: Indian Creek Elementary School
- Middle: Indian Creek Middle School
- High: Indian Creek Sr 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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- $10,900-- bd-- ba-- sqft5502 Nebo Country Dr, Martinsville, IN 46151Off Market
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- $59,600-- bd-- ba-- sqft5561 E Nebo Country Dr, Martinsville, IN 46151Off Market
- $86,8002.17 acres0 S Austin Ct, Martinsville, IN 46151Lot/Land
- $54,300-- bd-- ba-- sqft5607 E Nebo Country Dr, Martinsville, IN 46151Off Market
- $468,0003 bd2 ba1.6k sqft5618 E Nebo Country Dr, Martinsville, IN 46151Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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