# Lake S Drive, Martinsville, IN 46151 > **TL;DR:** land, $359,000. > Waterfront, View. Est. $2,670/mo. Listed 101 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $359,000 | | Lot Size | 122,839 sqft (2.82 acres) | | Property Type | Land (Other) | | Status | Active | | Days on Market | 101 | ## Why This Home Stands Out - **Waterfront** - Waterfront location listed - **Views** - Lake ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,815 | | Estimated Insurance | $105 | | HOA | $750 | | **Total** | **$2,670** | ## Nearby Schools - **Elementary:** Indian Creek Elementary School - **Middle:** Indian Creek Middle School - **High:** Indian Creek Sr High School ## Key Amenities - Waterfront - View ## Property Highlights - 2.82 acre lot - Waterfront ## Description ### Agent Description Exceptional opportunity to own four adjoining wooded lots totaling approximately 2.82 acres in the sought-after Painted Hills Lake Community! With road frontage, waterfront access on scenic Lake Nebo, and mature trees providing a beautiful natural setting, this property offers the perfect place to build the custom home you've always imagined. Enjoy the privacy, flexibility, and space that four combined lots provide while taking advantage of everything this resort-style community has to offer. HOA includes access to Lake Holiday, a private 150-acre ski lake for boating, skiing, tubing, swimming, and fishing, as well as the peaceful 46-acre Lake Nebo, ideal for kayaking, paddleboarding, and relaxing on the water. Community amenities include a private beach, swimming pool, clubhouse, members-only restaurant and bar, pickleball, tennis, basketball, volleyball, playground, dog park, kayak launch, multiple fishing and swimming docks, and year-round social events. Conveniently located just 30 minutes from downtown Indianapolis, Bloomington, and Indianapolis International Airport, Painted Hills offers the perfect blend of peaceful lake living and everyday convenience. This is your chance to build not just a home, but an incredible lifestyle. ## Location - **Address:** Lake S Drive, Martinsville, IN 46151 - **County:** Morgan - **Neighborhood:** Painted Hills - **Coordinates:** 39.533002, -86.37574 - **Google Maps:** https://www.google.com/maps?q=39.533002,-86.37574 ## Listing Agent - **Name:** Brian Ferguson - **Brokerage:** Doc Real Estate, Inc - **Broker Phone:** (317) 908-0531 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/S-Lake-Dr_Martinsville_IN_46151_M45251-06927?f=listhub&s=MIBORIN&m=22116413&c=propsimple) ## Photos ![Lake S Drive - Photo 1](http://lh.rdcpix.com/8f4e5ff4dba718cedf55388414db2e51l-f316875909r.jpg) ![Lake S Drive - Photo 2](http://lh.rdcpix.com/8f4e5ff4dba718cedf55388414db2e51l-f4192086461r.jpg) ![Lake S Drive - Photo 3](http://lh.rdcpix.com/8f4e5ff4dba718cedf55388414db2e51l-f1265928249r.jpg) ![Lake S Drive - Photo 4](http://lh.rdcpix.com/8f4e5ff4dba718cedf55388414db2e51l-f393236610r.jpg) ![Lake S Drive - Photo 5](http://lh.rdcpix.com/8f4e5ff4dba718cedf55388414db2e51l-f395126879r.jpg) --- **MLS#:** 22116413 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/lake-s-drive-martinsville-in-46151-33ac42ac01634c56b837e2f883b93fab) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/lake-s-drive-martinsville-in-46151-33ac42ac01634c56b837e2f883b93fab#listing", "url": "https://staging.propertysimple.ai/listing/lake-s-drive-martinsville-in-46151-33ac42ac01634c56b837e2f883b93fab", "name": "Lake S Drive, Martinsville, IN 46151", "description": "Exceptional opportunity to own four adjoining wooded lots totaling approximately 2.82 acres in the sought-after Painted Hills Lake Community! With road frontage, waterfront access on scenic Lake Nebo, and mature trees providing a beautiful natural setting, this property offers the perfect place to build the custom home you've always imagined. Enjoy the privacy, flexibility, and space that four combined lots provide while taking advantage of everything this resort-style community has to offer. HOA includes access to Lake Holiday, a private 150-acre ski lake for boating, skiing, tubing, swimming, and fishing, as well as the peaceful 46-acre Lake Nebo, ideal for kayaking, paddleboarding, and relaxing on the water. Community amenities include a private beach, swimming pool, clubhouse, members-only restaurant and bar, pickleball, tennis, basketball, volleyball, playground, dog park, kayak launch, multiple fishing and swimming docks, and year-round social events. Conveniently located just 30 minutes from downtown Indianapolis, Bloomington, and Indianapolis International Airport, Painted Hills offers the perfect blend of peaceful lake living and everyday convenience. 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