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About This Home

This 4-bedroom, 3-bathroom single family at 4523 E Parkwood Drive in Martinsville, IN is listed for $365,000 ($132 per sqft). Built in 1971, the home offers 2,768 sqft of living space on a 1.45 acres lot.

Agent Description

Welcome to your Private 1.45-Acre Retreat in Painted Hills! If you’ve been looking for lake communities, but refuse to settle for a cookie-cutter subdivision, this is the 'blank slate' you’ve been waiting for. Tucked on a private, wooded 1.45-acre lot, this home has been completely cleared of all belongings—offering a clean, vacant canvas for your

specific vision.Experience an elevated way of living in the sought-after Painted Hills community, where luxury amenities meet a relaxed, lakeside pace. Living here feels exclusive. You aren't just buying a home; you’re gaining exclusive access to the Painted Hills lifestyle: private boat docks, a community pool, tennis, and pickleball courts—even a dog park—amenities usually reserved for a much higher bracket.

For the hobbyist, the massive detached 4-car workshop is the crown jewel. With ample space for automotive restoration, a professional woodworking studio, or a high-end creative escape, it offers a level of utility you simply won’t find at this price point.

Getting in now means you’ll be settled in time to watch the 1.4 acres bloom into a private canopy and hit the lake just as the season peaks. Whether you're an artist seeking silence, a nature lover looking for mature trees, or a maker who needs a proper shop, the opportunity to claim this unique sanctuary is now.

Key Features

  • Built in 1971
  • 1.45 acre lot
  • Fireplace

Property Details

2 full, 1 half
1971

Amenities

FireplaceBasement

Monthly Cost Estimate

$1,952/mo

20% down · 6.5% · 30 years

Principal$264
Interest$1,582
Insurance$106

Estimates only. Actual payments may vary.

Location

4523 E Parkwood Drive

Martinsville, IN 46151-6023

Other

Features & Amenities

Interior Features

Breakfast BarBuilt-in BookcaseCeiling-cathedralCloset(s) Walk-inDeck OpenRefrigerator

Exterior Features

ClubhousePlaygroundTennis CourtsWalk To Lake Access2nd Detached Garage

Property Details

Construction

CedarStone

Parking

GarageGarage - Attached

Heating

Fireplace(s)Forced AirPropane (Heating)

Cooling

Central Air

Appliances

DryerRangeRange - Electric

Questions & Answers

This 4-bedroom, 3-bathroom single family at 4523 E Parkwood Drive is listed at $365,000 ($132/sqft). The estimated monthly payment is $1,582 based on 20% down at 6.5% interest.

Key features include: Built in 1971, 1.45 acre lot, Fireplace. Interior Features: Breakfast Bar, Built-in Bookcase, Ceiling-cathedral. Exterior Features: Clubhouse, Playground, Tennis Courts.

This property is listed by Ryne Shadday and can be reached at 8127277963 or rshadday@c21scheetz.com.

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RS

Ryne Shadday

Agent at Century 21 Scheetz - Bloomington

(812) 727-7963

Listed by Century 21 Scheetz - Bloomington · View on Broker Site

MLS# 202609253· Source: listhub· Updated 21 days ago

Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

4523 E Parkwood Drive, Martinsville, IN 46151-6023

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