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

2 stories
2 full, 1 half
1971

Amenities

A/C
Listing Description

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

Principal$253
Interest$1,516
Insurance$102
HOA$950

Estimates only. Actual payments may vary.

Location

4523 E Parkwood Drive

Martinsville, IN 46151

Painted Hills

Features & Amenities

Interior Features

Breakfast BarBuilt-in FeaturesCathedral Ceiling(s)Pantry

Exterior Features

Balcony

Property Details

Construction

Cedar Stone

Heating

Propane (Heating)Forced Air

Cooling

Central Air

Appliances

DryerElectric OvenRefrigeratorDishwasherWasher

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.

RS

Ryne Shadday

Agent at CENTURY 21 Scheetz

(317) 844-5111

Listed by CENTURY 21 Scheetz · View on Broker Site

MLS# 22087504· Source: listhub· 105 days 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.

4523 E Parkwood Drive, Martinsville, IN 46151

Open this listing in: