For Sale
Single family home for sale at 5739 Paradise Dr, Martinsville, IN 46151 | MLS# 22126333 | Listing updated on 2026-10-02
Photo 1 of Single family home for sale at 5739 Paradise Dr, Martinsville, IN 46151 | MLS# 22126333 | Listing updated on 2026-10-02
Photo 2 of Single family home for sale at 5739 Paradise Dr, Martinsville, IN 46151 | MLS# 22126333 | Listing updated on 2026-10-02
Photo 3 of Single family home for sale at 5739 Paradise Dr, Martinsville, IN 46151 | MLS# 22126333 | Listing updated on 2026-10-02
Photo 4 of Single family home for sale at 5739 Paradise Dr, Martinsville, IN 46151 | MLS# 22126333 | Listing updated on 2026-10-02
45+
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Street View

$498,900

Monthly Est:$2,483

  • Beds Icon3 Beds
  • Beds Icon
    2 Baths
  • Beds Icon2,644sqft

5739 Paradise Dr, Martinsville, IN 46151

$2,483/moEst:

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  • 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 Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN as distributed by MLS GRID

Property Details

  • Status

    Active

  • Type

    Single Family Residence

  • No. of Stories

    -

  • County

    Morgan County

  • City

    Martinsville

  • 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

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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

DateEventPrice

09/28/2026

Source: mls_logoMetropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN #MBR22126333

Price Decreased

$498,900 -0.20%

$189/sqft

09/21/2026

Source: mls_logoMetropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN #MBR22126333

Price Decreased

$499,900 -1.98%

$189/sqft

09/20/2026

Source: mls_logoMetropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN #MBR22126333

Price Decreased

$510,000 -1.90%

$193/sqft

09/18/2026

Source: mls_logoMetropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN #MBR22126333

Price Increased

$519,900 +4.21%

$197/sqft

09/16/2026

Source: mls_logoMetropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN as distributed by MLS GRID #MBR22126333

Listed for Sale

$498,900 -4.97%

$189/sqft

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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.

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