Once-in-a-Lifetime Country Estate – Over 30 Acres of Pure Paradise! Additional 40 acres may be purchased for $1,150,000
Welcome to an extraordinary opportunity to aprox 32 acres of serene countryside, complete with a gorgeous 4-bedroom, 3-bath home, a 9-acre private lake, and incredible outbuildings offering endless versatility.
The main residence features spacious living areas, quality finishes throughout, and is efficiently heated and cooled by a geothermal system. Recent upgrades include new shingles and gutters, providing peace of mind and long-term value.
A highlight of the property is the massive pole barn, which includes a beautifully finished mother-in-law suite with its own bedroom, bathroom, kitchen, and living space — ideal for guests, extended family, or rental income. You’ll also find a large shop area and a huge hay barn, perfect for farming operations, equipment storage, or hobby use.
All of this is ideally located just 5 minutes from the town of Hanover and less than 15 minutes from Historic Downtown Madison — recently voted the Best Small Town in the Midwest two years in a row!
Whether you're dreaming of starting a generational farm, seeking a private retreat, or exploring investment or income-producing potential, this property delivers. Seller may consider selling the home with a smaller parcel if desired. You can even lease the tillable acreage for added income.
This is more than a property — it’s a legacy in the making.
Sold for $1,085,000
$1,085,000
9141 W State Road 56, Lexington, IN 47138
4beds
3,646sqft
Farm
Built in 1994
32 Acres Lot
$1,116,800 Zestimate®
$298/sqft
$3,135 Estimated rent
Home value
$1,116,800
Estimated sales range
Not available
$3,135/mo
Zestimate® history
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List your homeWhat's special
Massive pole barnBeautifully finished mother-in-law suiteSerene countrysideIncredible outbuildingsNew shingles and guttersHuge hay barnLarge shop area
Zillow last checked:
Listing updated:
Listed by:
Austin A Ketcham,
eXp Realty, LLC
Bought with:
David Jenkins, RB14025549
Real Estate Inc
Becky Law, RB14039357
Real Estate Inc
Source: SIRA,MLS#: 2025011653
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Level: First
- Dimensions: 18 x 16
Bedroom
- Level: Second
- Dimensions: 12 x 10
Bedroom
- Level: Second
- Dimensions: 14 x 12
Bedroom
- Level: Second
- Dimensions: 16 x 12
Dining room
- Description: Flooring: Laminate
- Level: First
- Dimensions: 20 x 12
Other
- Level: First
- Dimensions: 12 x 8
Other
- Level: First
- Dimensions: 12 x 8
Other
- Description: Bathroom/mechanical room
- Level: First
- Dimensions: 8 x 10
Kitchen
- Description: Flooring: Tile
- Level: First
- Dimensions: 16 x 12
Living room
- Description: Flooring: Laminate
- Level: First
- Dimensions: 18 x 28
Office
- Description: Flooring: Carpet
- Level: First
- Dimensions: 14 x 12
Other
- Description: Laundry,Flooring: Linoleum
- Level: First
- Dimensions: 12 x 10
Other
- Description: Bedroom/Bonus room above garage
- Level: Second
- Dimensions: 16 x 12
Heating
- Geothermal
Cooling
- Central Air, Window Unit(s), WallWindow Unit(s)
Appliances
- Included: Dryer, Oven, Range, Refrigerator, Washer
- Laundry: Main Level, Laundry Room
Features
- Eat-in Kitchen, Main Level Primary, Utility Room, Wood Burning Stove
- Windows: Thermal Windows
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Wood Burning Stove
Interior area
- Total structure area: 3,646
- Total interior livable area: 3,646 sqft
- Finished area above ground: 3,646
- Finished area below ground: 0
Property
Parking
- Total spaces: 5
- Parking features: Attached, Barn, Detached, Garage
- Attached garage spaces: 5
- Details: Off Street
Features
- Levels: One and One Half
- Stories: 1.5
- Patio & porch: Covered, Deck, Porch
- Exterior features: Deck, Landscaping, Porch, Water Feature
- Has view: Yes
- View description: Park/Greenbelt, Lake, Panoramic
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake Front
- Frontage type: Lakefront
Lot
- Size: 32 Acres
- Features: Lake Front, Secluded
Details
- Additional structures: Barn(s), Garage(s), Pole Barn
- Additional parcels included: 391418000001003011
- Parcel number: 391418000001001011
- Zoning: Agri/ Residential
- Zoning description: Agri/ Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: One and One Half Story
- Property subtype: Farm
Materials
- Brick, Frame
- Foundation: Block
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 1994
Utilities & green energy
- Sewer: Septic Tank
- Water: Connected, Public
Community & HOA
Location
- Region: Lexington
Financial & listing details
- Price per square foot: $298/sqft
- Annual tax amount: $4,004
- Date on market: 10/7/2025
- Cumulative days on market: 126 days
- Listing terms: Cash,Conventional,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/26/2025 | Sold | $1,085,000+27.7%$298/sqft |
Source:  SIRA #2025011653 Report a problem | ||
| 10/7/2025 | Price change | $849,900+30.8%$233/sqft |
Source: SIRA #2025011653 Report a problem | ||
| 4/8/2022 | Listed for sale | $650,000-25.7%$178/sqft |
Source:  MIBOR as distributed by MLS GRID #21847611 Report a problem | ||
| 1/28/2022 | Listing removed | -- |
Source: MIBOR as distributed by MLS GRID #21809901 Report a problem | ||
| 11/23/2021 | Price change | $875,000-1.1%$240/sqft |
Source: MIBOR as distributed by MLS GRID #21809901 Report a problem | ||
| 10/7/2021 | Price change | $885,000-1.7%$243/sqft |
Source: MIBOR as distributed by MLS GRID #21809901 Report a problem | ||
| 8/27/2021 | Listed for sale | $900,000$247/sqft |
Source: MIBOR as distributed by MLS GRID #21809901 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 47138
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Nearby schools
GreatSchools rating
- 5/10Southwestern Elementary SchoolGrades: PK-5Distance: 7 mi
- 5/10Southwestern Middle SchoolGrades: 6-8Distance: 7.1 mi
- 4/10Southwestern Middle/Sr High SchoolGrades: 9-12Distance: 7.1 mi
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$1,116,800
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$1,139,136
- Indiana
- Jefferson County
- Lexington
- 47138
- 9141 W State Road 56
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