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  • $230,000

    5801 Paradise Dr, Martinsville, IN 46151

    1beds
    972sqft
    Residential, Single Family Residence
    Built in 1973
    9,147 Square Feet Lot
    $230,000 Zestimate®
    $237/sqft
    $1,084 Estimated rent

    Home value

    $230,000

    $209,000 - $251,000

    $1,084/mo

    Zestimate® history
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    What's special

    Waterfront livingSpacious bedroom retreatOpen-concept kitchenNewer windowsFresh interior paintNew washer and dryerNewer roof
    Location, Location, Location! Welcome to your own slice of lake life! Enjoy peaceful waterfront living while remaining conveniently close to everything: 10 minutes to Bargersville, 15 minutes to Center Grove, 25 minutes to Greenwood, 20 minutes to Martinsville, 20 minutes to Franklin, 20 minutes to Mooresville, and 30 minutes to Downtown Indianapolis... Whether you're a first-time home buyer dreaming of waterfront living or searching for the perfect weekend getaway, summer retreat, or investment property, this charming lakefront home offers the ideal blend of relaxation, updates, and convenience. As you step inside, you're immediately greeted by the living room featuring beautiful views of the lake, creating the perfect backdrop for everyday living. Just off the entry is a recently added full bathroom, completely updated with new plumbing, shower, vanity, toilet, faucets, and flooring. The open-concept kitchen flows seamlessly into the living area and features newer cabinetry, countertops, appliances, and sink, making it both functional and inviting. Upstairs, you'll find a spacious bedroom retreat complete with access to a private balcony through newer exterior doors. Outside is where this property truly shines: An expansive deck provides plenty of space for entertaining, grilling, or simply soaking in the lake views. A storage shed offers convenient space for all your lake toys and equipment, while the private dock gives you direct access to fishing, boating, kayaking, swimming, and everything else lake life has to offer. This home has been extensively updated, including all new plumbing throughout, newer windows, a newer roof, fresh interior paint, new tile flooring throughout, new washer and dryer, new water heater, and a newer mini-split HVAC system for year-round comfort. Move-in ready, professionally cleaned, and packed with updates, this is an incredible opportunity to own an affordable lakefront property in a highly convenient location.

    Zillow last checked:

    Listing updated:

    Listed by:

    Lindsey Smalling 317-435-5914,

    Highgarden Real Estate,

    Sydney Wolfe

    Bought with:

    Brooke Haston

    Keller Williams Indy Metro Partners

    Source: MIBOR as distributed by MLS GRID,MLS#: 22107379MLS 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: 280 Square Feet
    • Dimensions: 14 x 20
    Dining room
    • Features: Tile-Ceramic
    • Level: Main
    • Area: 132 Square Feet
    • Dimensions: 11 x 12
    Kitchen
    • Features: Tile-Ceramic
    • Level: Main
    • Area: 132 Square Feet
    • Dimensions: 11 x 12
    Laundry
    • Features: Tile-Ceramic
    • Level: Main
    • Area: 15 Square Feet
    • Dimensions: 5 x 3
    Living room
    • Features: Tile-Ceramic
    • Level: Main
    • Area: 132 Square Feet
    • Dimensions: 11 x 12
    Heating
    • Wall Furnace
    Cooling
    • Wall Unit(s)
    Appliances
    • Included: Electric Cooktop, Dryer, Electric Water Heater, Disposal, Microwave, Electric Oven, Refrigerator, Washer
    Features
    • Cathedral Ceiling(s)
    • Has basement: No
    Interior area
    • Total structure area: 972
    • Total interior livable area: 972 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Deck, Porch
    • Has view: Yes
    • View description: Lake
    • Has water view: Yes
    • Water view: Lake
    • Waterfront features: Dock, Lake Privileges, Lake Front, Water Access, Water View, Waterfront
    Lot
    • Size: 9,147 Square Feet
    Details
    • Parcel number: 551001185005000009
    • Special conditions: As Is
    • Horse amenities: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: A-Frame
    • Property subtype: Residential, Single Family Residence
    Materials
    • Wood Siding
    • Foundation: Crawl Space
    Condition
    • New construction: No
    • Year built: 1973

    Utilities & green energy

    • Electric: 200+ Amp Service
    • Sewer: Septic Tank
    • Water: Public
    • Utilities for property: Electricity Connected, Water Connected

    Community & HOA

    Community
    • Features: Low Maintenance Lifestyle
    • Subdivision: Paradise Lake
    HOA
    • Has HOA: Yes
    • Amenities included: Boat Dock, Other
    • Services included: Association Home Owners, Entrance Common, Other
    • HOA fee: $480 annually
    Location
    • Region: Martinsville

    Financial & listing details

    • Price per square foot: $237/sqft
    • Tax assessed value: $114,800
    • Annual tax amount: $1,112
    • Date on market: 6/10/2026
    • Cumulative days on market: 21 days
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    8/18/2026Sold$230,000-6.1%$237/sqft
    Source: MIBOR as distributed by MLS GRID #22107379 Report a problem
    6/30/2026Pending sale$245,000$252/sqft
    Source: MIBOR as distributed by MLS GRID #22107379 Report a problem
    6/10/2026Listed for sale$245,000$252/sqft
    Source: MIBOR as distributed by MLS GRID #22107379 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,126 +5.7%$114,800 +3.3%
    2024$1,065 +2.7%$111,100 +3.3%
    2023$1,037 +13.2%$107,600 -9.2%
    2022$916 +6.1%$118,500 +9.9%
    2021$863 -2.7%$107,800 +2.2%
    2020$887 +7.1%$105,500 +5.4%
    2019$829 +0.6%$100,100 +3.8%
    2018$824 +30.5%$96,400 -0.2%
    2017$631 +31.6%$96,600 +36.4%
    2016$480 +1.1%$70,800 +6.8%
    2014$474 +1.6%$66,300 -4.2%
    2013$467 +4.2%$69,200 +0.3%
    2012$448 +2.5%$69,000 +5.5%
    2011$437 -4.4%$65,400
    2010$458 +6.1%$65,400 -0.2%
    2009$431 -19.9%$65,500 +20.2%
    2006$538 $54,500 +1.7%
    2005-- $53,600
    Find assessor info on the county website

    Neighborhood: 46151

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Green Township Elementary School
    • 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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    Estimated market value
    $230,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $230,000