Price Reduction - Waterfront
Address
5739 Paradise Drive, Martinsville, IN
Price
$ 499,900
Property Attributes
- MLS#22126333
- TypeSingle Family
- Listing Status Active
- CountyMORGAN
- CityMartinsville
- AreaGreen
- NeighborhoodParadise Lake
- Zip46151
- StyleCape Cod
- Year Built1964
- Taxes$ 1330
- Price$ 499,900
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage2644
- Lot Size0.91 Acres
Data Source:
MIBOR Broker Listing Cooperative
Property Description
Now offered BELOW market value! Location, Location, Location - Welcome home to this charming Cape Cod-style lakefront retreat, offering 3 bedrooms, 2 full bathrooms, and 2,644 square feet on nearly an acre in highly sought-after Paradise Lake neighborhood! Situated on a spacious corner lot consisting of three parcels, this property offers the rare combination of space, water access, privacy, and convenience. Enjoy peaceful lake views all while being centrally located between surrounding cities and everyday amenities. This home has undergone an extensive list of recent improvements, making it truly move-in ready. Major 2025-2026 updates include a new roof, new gutters and gutter guards, new septic system, new water heater, new waterproof laminate hardwood flooring, fresh interior and exterior paint, and much more throughout. As you step inside through your covered front porch, you'll find a warm and inviting floor plan enhanced by a built-in electric fireplace and entertainment center in your living room. The main level flows seamlessly into the galley-style kitchen, where picturesque water views create a beautiful backdrop and provide easy access to the private back deck-perfect for relaxing and taking in the lakefront setting. Also on the main level is a generously sized bedroom and an updated full bath featuring a luxurious walk-in shower. Upstairs, a versatile loft area offers additional space along with ample storage closets. A generously sized bedroom offers flexibility for family, guests, or a home office, while the expansive primary suite feels like a private retreat, complete with a walk-in closet, updated full bath, and its own private balcony overlooking the property. With lakefront living, a private dock, nearly an acre, three parcels, 2,644 square feet, and substantial recent updates, this home offers a unique opportunity in a desirable setting.
| Elementary School | Middle School | High School |
|---|---|---|
| Green Township Elementary School | John R. Wooden Middle School | Martinsville High School |
| Price History | |
|---|---|
| 9/16/2026 | Listed $525,000 |
| 9/18/2026 | 1$519,900 |
| 9/20/2026 | 2$510,000 |
| 9/21/2026 | 2$499,900 |
General Features
| Heating | Natural Gas |
|---|---|
| Cooling | Central Air |
| Utilities | Electricity Connected,Natural Gas Connected,Septic System,Water Connected |
| Possession | Negotiable,Other |
| Appliances | Electric Cooktop,Dishwasher,Dryer,Electric Water Heater,MicroHood,Microwave,Electric Oven,Refrigerator,Washer |
| HOA Fee | 480 |
| Garage Spaces | 2 |
| Patio/Porch Features | Covered,Deck |
| Architectural Style | Cape Cod |
| Construction Materials | Wood Siding,Stone |
| Year Built | 1964 |
| View | Lake,Trees/Woods,Water |
| Township | Green |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Waterfront Features | Boat Slip,Dock,Lake Privileges,Lake Front,Water Access,Water View,Waterfront |
| Additional Parcels Description | Lot 39 Blk A Paradise Lake,Lot 40 Blk A Paradise Lake |
| Assoc Fee Paid Per | Annually |
| County | Morgan |
| New Construction | No |
| Property Type | Residential |
| HOA | Yes |
| Subdivision Name | Paradise Lake |
| Garage Y/N | Yes |
| Total Rooms | 6 |
| Full Baths | 2 |
| Status | Active |
| Directions | GPS Friendly |
| High School | Martinsville High School |
| City | Martinsville |
| High School District | MSD Martinsville Schools |
| MLS Area | 5510 - Morgan - Green |
| Lot Size Square Feet | 20996 |
| Elementary School | Green Township Elementary School |
| Property Attached Y/N | No |
| Current Financing | Conventional,FHA,VA |
| Middle/Junior High School | John R. Wooden Middle School |
| Property Condition | Updated/Remodeled |
| Additional Parcels Y/N | Yes |
| Standard Status | Active |
| Tax Lot | 41,42 |
| Legal Description | Lot 41 Blk A Paradise Lake Lot 42 Blk A Paradise Lake |
Interior Features
| Interior Amenities | Walk-In Closet(s) |
|---|---|
| Total Fireplaces | 1 |
| Fireplace Features | Electric,Insert |
| Basement (Y/N) | No |
| Total Bedrooms | 3 |
| Main Level Bedrooms | 1 |
| LivingAreaSource | Assessor |
| Total Baths | 2 |
Exterior Features
| Exterior Amenities | Balcony,Barn Mini,Storage,Gutter Guards,Fire Pit,Storage Shed |
|---|---|
| Fencing | Chain Link,Gate |
| Parking Features | Attached |
| Lot Features | Corner Lot,Mature Trees,Wooded,See Remarks,Other |
| Water Source | Public |
| Foundation Details | Crawl Space |
| Spa | No |
| Building Area Total | 2644 |
| Lot Size Acres | 0.91 |
| Waterfront Y/N | Yes |
| Horse Amenities | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 46151
Price
Taxes
Year Built
Visits
In The Neighborhood
Primary On Main
Martinsville
$ 225,000
- Type
- Single Family
Listed by Breanna Hunsicker of The Stewart Home Group
MIBOR REALTOR® Association All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than eXp Realty in Indiana Regional may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Last Updated: September 21, 2026 3:46 AM UTC
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided by the Indiana Regional MLS.
Information last updated on September 21, 2026 3:28 AM UTC
