About This Home
This 4-bedroom, 3-bathroom single family at 4523 E Parkwood Drive in Martinsville, IN is listed for $349,900 ($131 per sqft). Built in 1971, the home offers 2,662 sqft of living space on a 1.45 acres lot.
Key Features
- Built in 1971
- 1.45 acre lot
- 2 stories
Property Details
Amenities
Tucked among mature trees on a private 1.45-acre lot, this distinctive A-frame offers character, space, and flexibility inside the sought-after Painted Hills lake community. Vaulted ceilings and a dramatic two-story great room create an open, light-filled gathering space, while the main-level primary suite adds everyday convenience.
The finished walk-out basement provides additional living space with flexible rooms perfect for guests, hobbies, or a home office--ideal for remote work or hosting weekend visitors. The standout feature is the massive detached 4-car garage/workshop-perfect for car enthusiasts, boat storage, woodworking, creative projects, or extra recreational gear.
Step outside to your wraparound porch and enjoy peaceful wooded views on 1.45 private acres. Located inside Painted Hills, residents enjoy private lake access, boat docks, pool, tennis and pickleball courts, clubhouse, dog park, playground, and more. Whether you're looking for a full-time residence, a lake community escape from Indianapolis, or a weekend home to recharge and unwind, this unique A-frame offers space, privacy, and opportunity to make it your own.
Monthly Cost Estimate
$2,821/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
4523 E Parkwood Drive
Martinsville, IN 46151
Painted Hills
Features & Amenities
Interior Features
Exterior Features
Property Details
Construction
Heating
Cooling
Appliances
Questions & Answers
This 4-bedroom, 3-bathroom single family at 4523 E Parkwood Drive is listed at $349,900 ($131/sqft). The estimated monthly payment is $2,821 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 1971, 1.45 acre lot, 2 stories. Interior Features: Breakfast Bar, Built-in Features, Cathedral Ceiling(s). Exterior Features: Balcony.
This property is listed by Ryne Shadday and can be reached at (317) 844-5111.








