Welcome to a Paradise Lake Retreat! Escape to your own private oasis on this exclusive peninsula nestled on Paradise Lake in Martinsville. This exquisite property boasts 1.05 acres of pristine land, offering unparalleled tranquility and breathtaking views. Key Features: 3 Bedrooms + 2 Full Bathrooms + 612 Feet of Lake Frontage + Large Dock Discover a beautifully New Interior and Exterior Paint + Garage Floor Covering + Recently Remodeled Bathroom + Cozy Fireplace + Spacious Living Areas + Covered walkout basement patio. Enjoy the serenity of Paradise Lake, an electric motor-only lake, where the sounds of nature abound and the hustle of everyday life fades away. Whether you're fishing off the dock, kayaking on the crystal-clear waters, or simply unwinding on the shore, this property offers endless opportunities for relaxation and recreation. This home is the epitome of lakefront living, with a cozy living area perfect for entertaining guests. Recent updates include a new furnace and water heater, ensuring comfort and efficiency year-round. This lot is arguably the best on the lake. Dont miss your chance.
Sold
$405,000
5855 Paradise Dr, Martinsville, IN 46151
3beds
1,724sqft
Residential, Single Family Residence
Built in 1972
1.05 Acres Lot
$333,000 Zestimate®
$235/sqft
$1,923 Estimated rent
Home value
$333,000
$306,000 - $363,000
$1,923/mo
Zestimate® history
Owner options
List your home for rent
$1,923/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,923/mo
Rent Zestimate®
Refinance and save
$2,134/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,134/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Paradise lakeCrystal - clear watersCozy fireplaceLarge dockExterior paintPrivate oasisNew furnace
Zillow last checked:
Listing updated:
Listed by:
Angi Oakes 317-514-4695,
Berkshire Hathaway Home
Bought with:
Andrew Prince
CENTURY 21 Scheetz
Source: MIBOR as distributed by MLS GRID,MLS#: 21975134
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Features: Hardwood
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11x11
Bedroom 2
- Features: Hardwood
- Level: Main
- Area: 110 Square Feet
- Dimensions: 11x10
Bedroom 3
- Features: Carpet
- Level: Basement
- Area: 120 Square Feet
- Dimensions: 12x10
Breakfast room
- Features: Tile-Ceramic
- Level: Main
- Area: 49 Square Feet
- Dimensions: 7x7
Dining room
- Features: Hardwood
- Level: Main
- Area: 84 Square Feet
- Dimensions: 7x12
Family room
- Features: Carpet
- Level: Basement
- Area: 192 Square Feet
- Dimensions: 16x12
Kitchen
- Features: Tile-Ceramic
- Level: Main
- Area: 77 Square Feet
- Dimensions: 11x7
Living room
- Features: Carpet
- Level: Main
- Area: 320 Square Feet
- Dimensions: 20x16
Utility room
- Features: Vinyl
- Level: Basement
- Area: 99 Square Feet
- Dimensions: 11x9
Heating
- Forced Air
Cooling
- Has cooling: Yes
Appliances
- Included: Electric Cooktop, Dishwasher, Electric Water Heater, Disposal, MicroHood, Oven, Refrigerator, Water Softener Owned
- Laundry: In Basement
Features
- Attic Access
- Basement: Egress Window(s),Finished,Finished Ceiling,Finished Walls
- Attic: Access Only
- Number of fireplaces: 1
- Fireplace features: Family Room, Wood Burning
Interior area
- Total structure area: 1,724
- Total interior livable area: 1,724 sqft
- Finished area below ground: 554
Property
Parking
- Total spaces: 2
- Parking features: Attached, Gravel, Garage Door Opener, Guest Parking
- Attached garage spaces: 2
- Details: Garage Parking Other(Garage Door Opener)
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Porch
- Has view: Yes
- View description: Lake, Trees/Woods
- Has water view: Yes
- Water view: Lake
- Waterfront features: Boat Slip, Dock, Lake Privileges, Lake Front, On Reservoir, Water Access, Water View, Waterfront
Lot
- Size: 1.05 Acres
- Features: Cul-De-Sac, Mature Trees, Wooded
Details
- Additional structures: Barn Mini, Outbuilding
- Additional parcels included: 551001138001000009 551001138003000009
- Parcel number: 551001138002000009
- Special conditions: None,Defects/None Noted
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Cedar, Stone
- Foundation: Block
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1972
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Septic Tank
- Water: Municipal/City
- Utilities for property: Electricity Connected, Water Connected
Community & HOA
Community
- Subdivision: Paradise Lake
HOA
- Has HOA: Yes
- Amenities included: None
- Services included: Association Home Owners, Insurance, Maintenance
- HOA fee: $250 annually
Location
- Region: Martinsville
Financial & listing details
- Price per square foot: $235/sqft
- Tax assessed value: $304,700
- Annual tax amount: $1,656
- Date on market: 5/1/2024
- Cumulative days on market: 15 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 6/14/2024 | Sold | $405,000-4.7%$235/sqft |
Source:  MIBOR as distributed by MLS GRID #21975134 Report a problem | ||
| 5/17/2024 | Pending sale | $425,000$247/sqft |
Source: MIBOR as distributed by MLS GRID #21975134 Report a problem | ||
| 5/1/2024 | Listed for sale | $425,000$247/sqft |
Source: MIBOR as distributed by MLS GRID #21975134 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,214 +3.8% | $304,700 +23.2% |
| 2024 | $1,170 +13.1% | $247,300 -1.6% |
| 2023 | $1,035 +40.3% | $251,400 +7.9% |
| 2022 | $738 +15.1% | $232,900 +26.2% |
| 2021 | $641 +3.9% | $184,500 +7.6% |
| 2020 | $617 -26% | $171,400 +8.8% |
| 2019 | $834 +54.9% | $157,600 +7.4% |
| 2018 | $538 +23.9% | $146,800 -3.7% |
| 2017 | $434 +20.1% | $152,400 +18.3% |
| 2016 | $362 +1.2% | $128,800 +1.6% |
| 2014 | $358 +6% | $126,800 |
| 2013 | $337 +2.9% | $126,800 -0.7% |
| 2012 | $328 +8% | $127,700 +10.7% |
| 2011 | $303 +2.3% | $115,400 |
| 2010 | $297 +6.7% | $115,400 -3.3% |
| 2009 | $278 -58.2% | $119,300 -3.9% |
| 2006 | $665 | $124,100 +31.9% |
| 2005 | -- | $94,100 |
Find assessor info on the county website
Neighborhood: 46151
Nearby homes
- $85,600-- bd-- ba-- sqft5855 Paradise Dr, Martinsville, IN 46151Off Market
- $17,400-- bd-- ba-- sqft5855 Paradise Dr, Martinsville, IN 46151Off Market
- $283,300-- bd-- ba-- sqft5920 Paradise Lake Rd, Martinsville, IN 46151Off Market
- $370,2003 bd2 ba1.7k sqft5845 Paradise Dr, Martinsville, IN 46151Off Market
- $10,600-- bd-- ba-- sqft5865 Paradise Dr, Martinsville, IN 46151Off Market
- $11,600-- bd-- ba-- sqft5865 Paradise Dr, Martinsville, IN 46151Off Market
- $420,0003 bd2 ba1.7k sqft5865 Paradise Dr, Martinsville, IN 46151Off Market
- $378,7003 bd2 ba3.7k sqft5875 Paradise Dr, Martinsville, IN 46151Off Market
Nearby schools
GreatSchools rating
- 8/10Green Township Elementary SchoolGrades: PK-4Distance: 4.3 mi
- 7/10John R. Wooden Middle SchoolGrades: 6-8Distance: 11 mi
- 4/10Martinsville High SchoolGrades: 9-12Distance: 10.4 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.
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
$333,000
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
$333,000
- Indiana
- Morgan County
- Martinsville
- 46151
- 5855 Paradise Dr
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Martinsville Topics
