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  • Price cut: $15K (7/21)
    $270,000

    5587 Paradise Ct, Martinsville, IN 46151

    1beds
    1,152sqft
    : 
    $1,708/mo
    Get pre-qualified
    Residential, Single Family Residence
    Built in 1982
    0.3 Acres Lot
    $261,200 Zestimate®
    $234/sqft
    $40/mo HOA

    What's special

    Beautifully manicured lotMassive storage shedTimeless exposed beamsCharacter rich string lightingNestled among mature trees
    Welcome to your dream lakeside escape in Martinsville! Escape to your private water front lakeside log cabin retreat complete with large 2 car garage and massive storage shed! Nestled among mature trees on a beautifully manicured lot, this authentic log home offers the perfect blend of rustic charm, cozy comfort, and serene waterfront living. From the moment you pull up the driveway past the detached two car garage with its iconic country star, you will feel the hustle and bustle of everyday life simply melt away. Step across the expansive, covered front porch perfect for morning coffee or evening relaxation on a porch swing and into a warm, inviting interior that boasts rich wood textures from floor to ceiling. The main level features a thoughtfully designed kitchen complete with warm wood cabinetry, timeless exposed beams, character rich string lighting, and direct access to the side yard. It flows seamlessly into the main living spaces, making it ideal for both quiet nights in and entertaining friends. Enjoy the ultimate convenience of a main floor master bedroom, offering a peaceful, private sanctuary at the end of the day with easy access to the main living areas. Head upstairs to discover a versatile layout that maximizes every square inch of the cabin's unique architecture. A fantastic, open loft/flex space awaits your imagination. Whether you need a dedicated home office, a cozy reading nook, a secondary TV lounge, or a play area, this sun drenched space adapts to your lifestyle. Just off the loft is an additional private room. While not technically a bedroom by modern definition, it functions beautifully as a second sleeping area for guests, a hobby room, or massive extra storage. The exterior of this property is a nature lover's paradise. The back of the cabin opens up to a stunning, deep set covered porch that overlooks a peaceful, non water sport lake with abundant fish life!
    60 days
    |
    1,105
    |
    48
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Jason Engle 888-611-3912,

    eXp Realty, LLC

    Source: MIBOR as distributed by MLS GRID,MLS#: 22104544MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bathrooms: 1
      • Main level bedrooms: 1
      Primary bedroom
      • Level: Main
      • Area: 238 Square Feet
      • Dimensions: 17 x 14
      Dining room
      • Level: Main
      • Area: 238 Square Feet
      • Dimensions: 17 x 14
      Kitchen
      • Level: Main
      • Area: 120 Square Feet
      • Dimensions: 12 x 10
      Living room
      • Level: Main
      • Area: 238 Square Feet
      • Dimensions: 17 x 14
      Heating
      • Propane, Wood Stove
      Cooling
      • Central Air
      Appliances
      • Included: Electric Cooktop, Refrigerator, Microwave, Washer, Dryer
      • Laundry: Laundry Closet, Laundry Room
      Features
      • Supplemental Storage, Walk-In Closet(s), Cathedral Ceiling(s)
      • Has basement: No
      Interior area
      • Total structure area: 1,152
      • Total interior livable area: 1,152 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached, Attached, Garage Door Opener
      • Attached garage spaces: 2
      Features
      • Levels: Two,One
      • Stories: 1
      • Patio & porch: Covered, Deck
      • Exterior features: Fire Pit
      • Has view: Yes
      • View description: Trees/Woods, Water
      • Has water view: Yes
      • Water view: Water
      • Waterfront features: Dock, Lake Front, Water Access, Water View, Waterfront
      Lot
      • Size: 0.3 Acres
      Details
      • Additional structures: Storage
      • Parcel number: 551001192007000009
      • Horse amenities: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Log
      • Property subtype: Residential, Single Family Residence
      Materials
      • Log, Wood Siding
      • Foundation: Cellar
      Condition
      • New construction: No
      • Year built: 1982

      Utilities & green energy

      • Water: Public, Private

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: Paradise Lake
      HOA
      • Has HOA: Yes
      • HOA fee: $485 annually
      Location
      • Region: Martinsville

      Financial & listing details

      • Price per square foot: $234/sqft
      • Tax assessed value: $197,100
      • Annual tax amount: $798
      • Date on market: 5/27/2026
      • Cumulative days on market: 61 days

        Estimated market value

        $261,200

        $248,000 - $274,000

        $927/mo

        Price history

        DateEventPrice
        7/21/2026Price change$270,000-5.3%$234/sqft
        Source: MIBOR as distributed by MLS GRID #22104544 Report a problem
        5/27/2026Listed for sale$285,000+42.5%$247/sqft
        Source: MIBOR as distributed by MLS GRID #22104544 Report a problem
        10/3/2022Sold$200,000$174/sqft
        Source: MIBOR as distributed by MLS GRID #21877552 Report a problem
        9/10/2022Pending sale$200,000$174/sqft
        Source: MIBOR as distributed by MLS GRID #21877552 Report a problem
        9/8/2022Listed for sale$200,000+156.4%$174/sqft
        Source: MIBOR as distributed by MLS GRID #21877552 Report a problem
        7/18/2001Sold$78,000$68/sqft
        Source: MIBOR as distributed by MLS GRID #2026650 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$856 +5.2%$197,100 +4.6%
        2024$814 +12.3%$188,500
        2023$725 -47.1%$188,500 +3.8%
        2022$1,370 +6.7%$181,600 +12.6%
        2021$1,283 +0.4%$161,300 +2.8%
        2020$1,278 +10.3%$156,900 +8.8%
        2019$1,159 +1.4%$144,200 +7%
        2018$1,143 +23.5%$134,800 +0.6%
        2017$926 +25.2%$134,000 +29.1%
        2016$739 +1057.2%$103,800 +2.3%
        2014$64 +2%$101,500 -0.1%
        2013$63 +2%$101,600 +7.6%
        2012$61 -0.2%$94,400 +18.3%
        2011$62 +1.9%$79,800
        2010$60 +2.1%$79,800
        2009$59 -65.1%$79,800 +25.7%
        2006$169 $63,500 +1.8%
        2005-- $62,400
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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: 46151

        Getting around

        0 / 100
        Car-Dependent
        18 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Middle: John R. Wooden Middle School
        • High: Martinsville 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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