Lakefront Living at Its Finest! Wake up to breathtaking water views and the peaceful sounds of nature at this charming lakefront retreat! This 2-bedroom, 2-bathroom home is designed for both relaxation and entertaining, offering an unbeatable opportunity to live the lake life year-round. Step inside to an open and airy great room, where a cozy fireplace invites you to unwind after a day on the water. The connected dining area makes hosting effortless, and the charming pass-through window from the kitchen adds character while keeping conversations flowing. The updated main bathroom boasts dual sinks and a spacious walk-in shower, creating a spa-like feel. Downstairs, the partially finished walk-out basement provides endless possibilities! With a wood-burning stove, a full bath, ample storage, and potential for additional finished space, it's ready to be transformed to fit your needs. But the real magic begins outside-step onto the open patio, perfect for lakeside gatherings, and take in the view. A brand-new dock invites you to swim, cast a fishing line, or launch your kayak for a peaceful morning paddle. Why take a vacation when you can live it every day? Don't miss your chance to own this lakefront paradise!
Sold
$312,500
5850 Paradise Ln, Martinsville, IN 46151
2beds
2,316sqft
Residential, Single Family Residence
Built in 1967
8,276 Square Feet Lot
$320,900 Zestimate®
$135/sqft
$1,929 Estimated rent
Home value
$320,900
$266,000 - $385,000
$1,929/mo
Zestimate® history
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$2,362/mo
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List your homeWhat's special
Partially finished walk-out basementUpdated main bathroomCozy fireplaceOpen patioBrand-new dockConnected dining areaBreathtaking water views
Zillow last checked:
Listing updated:
Listed by:
Michelle Chandler 317-413-8352,
Keller Williams Indy Metro S,
Bryan Williams,
Keller Williams Indy Metro S
Bought with:
Lindsey Smalling
F.C. Tucker Company
Sydney Wolfe
F.C. Tucker Company
Source: MIBOR as distributed by MLS GRID,MLS#: 22026527
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 169 Square Feet
- Dimensions: 13 x 13
Bedroom 2
- Level: Main
- Area: 108 Square Feet
- Dimensions: 12 x 9
Dining room
- Level: Main
- Area: 126 Square Feet
- Dimensions: 14 x 9
Great room
- Level: Main
- Area: 256 Square Feet
- Dimensions: 16 x16
Kitchen
- Level: Main
- Area: 77 Square Feet
- Dimensions: 11 x 7
Play room
- Features: Tile-Ceramic
- Level: Basement
- Area: 441 Square Feet
- Dimensions: 21 x 21
Utility room
- Features: Other
- Level: Basement
- Area: 357 Square Feet
- Dimensions: 21 x 17
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Electric Cooktop, Dryer, Electric Water Heater, Oven, Range Hood, Refrigerator, Washer
- Laundry: Connections All, In Basement
Features
- Attic Access, Double Vanity, High Speed Internet, Supplemental Storage
- Windows: Wood Work Painted
- Basement: Daylight,Exterior Entry,Full,Interior Entry,Partially Finished,Storage Space,Walk-Out Access
- Attic: Access Only
- Number of fireplaces: 1
- Fireplace features: Basement, Gas Log, Living Room, Masonry, Wood Burning
Interior area
- Total structure area: 2,316
- Total interior livable area: 2,316 sqft
- Finished area below ground: 868
Property
Parking
- Total spaces: 1
- Parking features: Attached
- Attached garage spaces: 1
- Details: Garage Parking Other(Garage Door Opener, Service Door)
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Patio
- Has view: Yes
- View description: Lake, Neighborhood, Water
- Has water view: Yes
- Water view: Lake,Water
- Waterfront features: Dock, Lake Privileges, Pond, Water Access, Water View, Waterfront
Lot
- Size: 8,276 Square Feet
- Features: Rural - Subdivision, Mature Trees
Details
- Additional structures: Barn Mini
- Parcel number: 551001185010000009
- Special conditions: As Is,Estate
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch,Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Brick
- Foundation: Block
Condition
- New construction: No
- Year built: 1967
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Paradise Lake
HOA
- Has HOA: Yes
- Amenities included: Pond Year Round
- Services included: Association Home Owners, Entrance Common, Insurance, Maintenance
- HOA fee: $515 annually
Location
- Region: Martinsville
Financial & listing details
- Price per square foot: $135/sqft
- Tax assessed value: $241,400
- Annual tax amount: $1,064
- Date on market: 3/14/2025
- Cumulative days on market: 313 days
Price history
| Date | Event | Price |
|---|---|---|
| 10/6/2025 | Sold | $312,500-5.3%$135/sqft |
Source:  MIBOR as distributed by MLS GRID #22026527 Report a problem | ||
| 8/27/2025 | Pending sale | $330,000$142/sqft |
Source: MIBOR as distributed by MLS GRID #22026527 Report a problem | ||
| 7/8/2025 | Price change | $330,000-4.3%$142/sqft |
Source: MIBOR as distributed by MLS GRID #22026527 Report a problem | ||
| 5/13/2025 | Price change | $345,000-0.6%$149/sqft |
Source: MIBOR as distributed by MLS GRID #22026527 Report a problem | ||
| 4/18/2025 | Price change | $347,000-2.3%$150/sqft |
Source: MIBOR as distributed by MLS GRID #22026527 Report a problem | ||
| 3/29/2025 | Price change | $355,000-2.7%$153/sqft |
Source: MIBOR as distributed by MLS GRID #22026527 Report a problem | ||
| 3/14/2025 | Listed for sale | $365,000-2.7%$158/sqft |
Source: MIBOR as distributed by MLS GRID #22026527 Report a problem | ||
| 2/21/2025 | Listing removed | $375,000$162/sqft |
Source: MIBOR as distributed by MLS GRID #22003781 Report a problem | ||
| 10/31/2024 | Price change | $375,000-3.8%$162/sqft |
Source: MIBOR as distributed by MLS GRID #22003781 Report a problem | ||
| 9/30/2024 | Listed for sale | $390,000+169%$168/sqft |
Source: MIBOR as distributed by MLS GRID #22003781 Report a problem | ||
| 11/10/2014 | Sold | $145,000-9.3%$63/sqft |
Source: MIBOR as distributed by MLS GRID #21318217 Report a problem | ||
| 10/2/2014 | Listed for sale | $159,900$69/sqft |
Source: Carpenter Realtors #21318217 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,126 +5.8% | $241,400 +3.6% |
| 2024 | $1,064 +25.9% | $232,900 +0.4% |
| 2023 | $845 +27% | $231,900 +16.8% |
| 2022 | $665 +5.4% | $198,600 +16.1% |
| 2021 | $631 +2.4% | $171,100 +0.7% |
| 2020 | $617 +14.9% | $169,900 +8.8% |
| 2019 | $537 -4.9% | $156,200 +7.4% |
| 2018 | $564 +25.2% | $145,500 -4% |
| 2017 | $451 +65.7% | $151,600 +20.3% |
| 2016 | $272 -22.8% | $126,000 +3.7% |
| 2014 | $352 +6% | $121,500 |
| 2013 | $332 -2.9% | $121,500 -4.3% |
| 2012 | $342 +3.2% | $127,000 +4.1% |
| 2011 | $332 -61.1% | $122,000 |
| 2010 | $854 +6.2% | $122,000 |
| 2009 | $803 -15.9% | $122,000 +26.2% |
| 2006 | $955 | $96,700 +1.8% |
| 2005 | -- | $95,000 |
Find assessor info on the county website
Neighborhood: 46151
Nearby homes
- $346,3003 bd2 ba1.5k sqft5860 Paradise Ln, Martinsville, IN 46151Off Market
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Nearby schools
GreatSchools rating
- 8/10Green Township Elementary SchoolGrades: PK-4Distance: 4.2 mi
- 7/10John R. Wooden Middle SchoolGrades: 6-8Distance: 10.9 mi
- 4/10Martinsville High SchoolGrades: 9-12Distance: 10.3 mi
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
$320,900
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Estimated market value
$320,900
- Indiana
- Morgan County
- Martinsville
- 46151
- 5850 Paradise Ln
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