- Overview
- Description
- Property Details
- Location
- HOA Management
- Facts & Features
- Getting Around
- Nearby Homes





Street View
$498,900
Monthly Est:$2,483
3 Beds
- 2 Baths
2 full baths
2,644sqft
5739 Paradise Dr, Martinsville, IN 46151
$498,900
$2,483/moEst:
Get Pre-Approved
Single Family Residence
Built in 1964
$40/mo HOA
20,996 sqft lot
$189/sq.ft
Description
Location, Location, Location - Welcome home to this charming Cape Cod-style LAKEFRONT retreat on nearly 1 ACRE in highly sought-after Paradise Lake neighborhood! 5 minutes from Mallow Run Winery, 10 minutes to Bargersville, 15 minutes to Franklin, 20 minutes to surrounding cities: Greenwood, Mooresville, Martinsville, and Indianapolis! 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
- Houzeo last checked: 2 minutes ago
- Listing updated: October 2, 2026 at 10:15 pm
- Listing Provided by: Sydney Wolfe , Lindsey Smalling | Highgarden Real Estate (317) 205-4320
- Source: Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN as distributed by MLS GRID | MLS#: 22126333

Property Details
Status
Active
Type
Single Family Residence
No. of Stories
-
County
City
Neighborhood
--
Year Built
1964
HOA Fees
$40/mo
Finished Area
2,644 sqft
Lot Size
20,996 sqft lot
Basement Area
- sqft
MLS Name
Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS
MLS Number
22126333
MLS Status
Active
Days on Market
53
Cumulative Days on Market
17

Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Location
HOA Management
N/A
HOA Fees
$480/ Annually
Disclaimer: Amenities are based on third-party information and may vary; buyers must independently verify all amenities, as information is deemed reliable but not guaranteed.
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Living Room
Level: Main
Area: 520.00 Square Feet
Dimensions: 40 x 13
Bedroom 2
Level: Main
Area: 132.00 Square Feet
Dimensions: 12 x 11
Kitchen
Level: Main
Area: 90.00 Square Feet
Dimensions: 9 x 10
Loft
Level: Upper
Area: 176.00 Square Feet
Dimensions: 16 x 11
Master Bedroom
Level: Upper
Area: 504.00 Square Feet
Dimensions: 18 x 28
Bedroom 3
Level: Upper
Area: 513.00 Square Feet
Dimensions: 27 x 19
Dining Room
Level: Main
Area: 90.00 Square Feet
Dimensions: 9 x 10
Interior
Heating
Natural Gas
Interior Features
Walk In Closet(s)
Exterior Features
Balcony, Barn Mini, Storage, Gutter Guards, Fire Pit, Storage Shed
Window Features
Skylight(s)
Appliances
Electric Cooktop, Dishwasher, Dryer, Electric Water Heater, Micro Hood, Microwave, Electric Oven, Refrigerator, Washer
Cooling
Central Air
Construction
Year Built
Year Built: 1964
Home type
Single Family Residence
Architectural Style
Cape Cod
Foundation Details
Crawl Space
Property Condition
Updated/remodeled
Construction Materials
Wood Siding, Stone
Utilities & Energy
Water Source
Public
Fireplace Features
Electric, Insert
Parking Features
Attached
Utilities
Electricity Connected, Natural Gas Connected, Septic System, Water Connected
Other Features
Lot Features
Corner Lot, Mature Trees, Wooded, See Remarks, Other
Subdivision Name
Paradise Lake
Patio And Porch Features
Covered, Deck
Price History
| Date | Event | Price |
|---|---|---|
09/28/2026 Source: | Price Decreased | $498,900 -0.20% $189/sqft |
09/21/2026 Source: | Price Decreased | $499,900 -1.98% $189/sqft |
09/20/2026 Source: | Price Decreased | $510,000 -1.90% $193/sqft |
09/18/2026 Source: | Price Increased | $519,900 +4.21% $197/sqft |
09/16/2026 Source: | Listed for Sale | $498,900 -4.97% $189/sqft |
Show more
Nearby Homes
Find Homes by Property Features in Martinsville, IN
Nearby New Homes For Sale
Based on information from MIBOR REALTOR® Association through Nov 08, 2026, 05:45AM as submitted to and distributed by MLS GRID. The Broker Listing Cooperative® listing service's Listing information is deemed reliable but is not guaranteed accurate by the Broker Listing Cooperative® listing service. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time. All Rights Reserved. © 2026 MIBOR REALTOR® Association.
Advertising Broker: Jonah Hartsburg | Hoosier Hub Realty









