About This Home

This 2-bedroom, 3-bathroom single family at 4218 E Lakeview Drive in Martinsville, IN is listed for $799,900 ($256 per sqft). Built in 1975, the home offers 3,120 sqft of living space on a 0.55 acres lot.

Key Features

  • Built in 1975
  • 0.55 acre lot
  • 2 stories
  • Fireplace
  • Waterfront

Property Details

2 stories
3 full
1975

Amenities

FireplaceWaterfrontViewSpaA/C
Listing Description

Welcome to the most coveted lakefront home in the private Painted Hills Lake Community, where every day feels like a vacation & every sunset becomes your own private masterpiece. Perfectly positioned on over 160' of shoreline along the peaceful 46-acre Lake Nebo, this exceptional waterfront retreat was designed for unforgettable entertaining, year-round recreation & effortless lakeside living.

Nearly every room captures breathtaking panoramic water views, while multiple covered porches, expansive decks & outdoor gathering spaces create the perfect setting for morning coffee, sunset cocktails, summer cookouts & making lifelong memories. Enjoy front row views of the community's spectacular July 4th fireworks from the comfort of home, then

unwind in the hot tub or listen to live music drifting across the water from nearby Cedar Creek concerts. This private waterfront is truly unmatched, featuring your own dock with surround sound, diving board & waterslide, plus a cornhole lane for endless fun with family & friends.

Whether you're boating, kayaking, paddleboarding, fishing, swimming, or simply relaxing by the water, this property is one of the premier lakefront lifestyles in Morgan County. Inside, expansive windows fill the home with natural light while showcasing incredible lake views throughout.

Multiple gathering spaces provide the perfect balance of everyday comfort & entertaining. With 3 fireplaces & oversized rooms the flexible floor plan offers outstanding potential to easily add additional bedrooms, making it ideal for hosting guests, multi-generational living or creating the ultimate luxury lake retreat.

Ownership includes access to all the amenities including the 150-acre ski lake, Lake Holiday, private beach, swimming pool, clubhouse, members only restaurant & bar, pickleball, tennis, basketball, volleyball, playground, dog park, kayak launch, fishing docks swimming docks & year-round community events. Located 30 min from Bloomington & Indianapolis Airport.

Monthly Cost Estimate

$5,228/mo

20% down · 6.5% · 30 years

Principal$578
Interest$3,466
Insurance$233
HOA$950

Estimates only. Actual payments may vary.

Location

4218 E Lakeview Drive

Martinsville, IN 46151

Painted Hills

Features & Amenities

Interior Features

Breakfast BarBuilt-in FeaturesCathedral Ceiling(s)Ceiling VaultedEntrance FoyerPaddle FanHi-Speed Internet AvailblPantrySmart ThermostatSupplemental StorageWired for SoundWalk-In Closet(s)Wet BarWoodWorkStain/Painted

Exterior Features

BalconyBarn MiniStorageGas GrillGutter GuardsFire PitRV HookupStorage ShedTennis Community

Property Details

Construction

Vinyl With Stone

Views

WaterLake

Pool Features

Deck

Heating

Forced AirDuctless (Heating)Propane (Heating)Wood StoveWood

Cooling

Central AirWall Unit(s)

Appliances

Gas CooktopDishwasherDryerElectric Water HeaterDisposalMicrowaveOvenElectric OvenRefrigeratorBar FridgeWasherWater Purifier

Questions & Answers

This 2-bedroom, 3-bathroom single family at 4218 E Lakeview Drive is listed at $799,900 ($256/sqft). The estimated monthly payment is $5,228 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $950/month.

Key features include: Built in 1975, 0.55 acre lot, 2 stories, Fireplace, Waterfront. Interior Features: Breakfast Bar, Built-in Features, Cathedral Ceiling(s). Exterior Features: Balcony, Barn Mini, Storage.

This property is listed by Danielle Stiles and can be reached at (317) 900-6015.

DS

Danielle Stiles

Agent at The Modglin Group

(317) 900-6015

Listed by The Modglin Group · View on Broker Site

MLS# 22112883· Source: listhub· 1 day on market

Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

4218 E Lakeview Drive, Martinsville, IN 46151

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