4078 E Rembrandt Drive
Martinsville, IN 46151
$750,000
Rarely does an opportunity like this come to market. This unique 3.25-acre BUIDABLE and wooded retreat featuring LAKEFRONT ACCESS WITH 267 FEET OF SHORELINE on Painted Hills Lake offers the perfect blend of move-in-ready comfort and future potential. The property features a fully renovated two-bedroom home boasting new LVP flooring, a new deck, a modern sound system, and updated roof and mechanicals. For the craftsman or car enthusiast, the brand-new three-car carriage house is a standout. It includes a mechanic's pit, one 8-foot garage door, two 6-foot doors, a spacious unfinished upper level ideal for a game room or studio, and a second storage garage.With ample space to build your custom dream home. It has already undergone soil testing (Level 2) and has an additional septic permit is in progress; offers are welcome to be written with a contingency on its approval. Enjoy waterfront living with your own private floating dock on a lake that permits speedboats. While lake levels are currently lowered for routine dam maintenance, they are scheduled to return to normal by spring. Utilities include city water, propane, and septic, all supported by an active and affordable $1,200/year HOA. This is an exceptional chance to secure a versatile property in a sought-after community with excellent Highway 69 access.
Listing Courtesy of: @properties
317-869-5962
Agent licensed in IN
| Listing Id: | 22131026 |
|---|---|
| List Price: | $750,000 |
| Property Type: | Residential |
| Property Sub Type: | Single Family Residence |
| Status: | Active |
| Bedrooms Total: | 2 |
| Bathrooms Full: | 1 |
| Bathrooms Half: | 1 |
| Living Area: | 1,056 |
| Association Fee: | $1,200 |
| Semi Annual Property Tax Amt: | $1,901 |
| Lot Size Acres: | 3.26 |
| Architectural Style: | Ranch |
| Waterfront?: | Yes |
| City: | Martinsville |
| County Or Parish: | Morgan |
| Subdivision Name: | Painted Hills |
| Postal Code: | 46151 |
| Year Built: | 1978 |
| Appliances: | Electric Cooktop, Dishwasher, Dryer, Electric Water Heater, Disposal, Microwave, Oven, Range Hood, Refrigerator, Washer, Water Heater, Water Softener Owned |
| Association Fee Frequency: | Annually |
| Association Fee Includes: | Clubhouse, ParkPlayground, Snow Removal, Tennis Court(s) |
| Basement: | No |
| Association Amenities: | Beach Access, Boating, Clubhouse, Management, Park, Picnic Area, Playground, Pool, Snow Removal, Tennis Court(s) |
| Bathrooms Total Integer: | 2 |
| Building Area Source: | Assessor |
| High School District: | Nineveh-Hensley-Jackson United |
| Building Area Total: | 1,056 |
| Construction Materials: | Wood Siding |
| MLS Area Major: | Jackson |
| Cooling: | Central Air |
| Directions: | GPS Friendly |
| Elementary School: | Indian Creek Elementary School |
| Exterior Features: | Storage Shed, Tennis Community |
| Fireplace Features: | Living Room, Masonry, Wood Burning |
| Fireplaces Total: | 1 |
| Foundation Details: | Block |
| Garage Spaces: | 3 |
| Garage?: | Yes |
| Heating: | Forced Air, Propane |
| High School: | Indian Creek Sr High School |
| Interior Features: | Attic Access, Breakfast Bar, Vaulted Ceiling(s), Paddle Fan, Wired for Sound |
| Levels: | One |
| Accessibility Features YN: | No |
| Acres: | 3-5 Acres |
| Affectedby Disclosures: | No |
| Association Phone: | 765-342-6409 |
| Bedrooms MU: | 2 |
| Beds MU: | 2 |
| Electric: | 100 Amp Service |
| Parking Total: | 3 |
| Laundry Features: | Other |
| Lot Features: | Irregular Lot, Mature Trees, Wooded |
| DPRYN: | No |
| Eating Area: | Dining Combo/Kitchen |
| Main Level Bedrooms: | 2 |
| Full Baths Basement: | 0 |
| Full Baths Main: | 1 |
| Full Baths MU: | 1 |
| Full Baths Upper: | 0 |
| Garage Parking Other: | Garage Door Opener, Service Door |
| Garage Sq Ft: | 1407 |
| Half Baths Main: | 1 |
| Half Baths MU: | 1 |
| Main Level Sq Ft: | 1,056 |
| Parking Features: | Detached, Gravel, Garage Door Opener, Storage, Workshop in Garage |
| Ownership Interest Types: | Mandatory Fee |
| Price Acre: | 230061 |
| Rooms MU: | 4 |
| Rooms Total MU: | 4 |
| Solid Waste: | No |
| Sq Ft MU: | 1056 |
| Trans Type: | Sale |
| Middle Or Junior School: | Indian Creek Middle School |
| Original List Price: | $750,000 |
| Other Equipment: | Smoke Alarm |
| Other Structures: | Outbuilding |
| Parcel Number: | 551418435004000012 |
| Possession: | Closing |
| Postal Code Plus4: | 6033 |
| Rooms Total: | 4 |
| State Or Province: | IN |
| Tax Year: | 2025 |
| Water Source: | Public |
| View: | Lake, Trees/Woods |
| View?: | Yes |
| Additional Parcels Description: | SEE ATTACHMENT |
| Additional Parcels?: | Yes |
| Association?: | Yes |
| Horse Amenities: | None |
| Full Bathrooms Mu: | 1 |
| Half Bathrooms Mu: | 1 |
| Rooms Basement: | 0 |
| Rooms Main: | 4 |
| Rooms Upper: | 0 |
| Utility Prim Sewage Disp: | Septic |
| Patio And Porch Features: | Deck, Patio |
| Waterfront Features: | Lake Privileges, Lake Front, Water Access, Water View, Waterfront |
| Fence Yn: | No |
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MIBOR Broker Listing Cooperative® data last updated on October 14, 2026 03:46 AM - ET
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Property Last Updated: October 14, 2026 03:46 AM - ET
