4218 E Lakeview Dr, Martinsville, IN, 46151
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1975
Materials
- Foundation: Other
- Construction materials: Vinyl With Stone
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Gas Cooktop,Dishwasher,Dryer,Electric Water Heater,Disposal,Microwave,Oven,Electric Oven,Refrigerator,Bar Fridge,Washer,Water Purifier
- Laundry features: In Unit,Connections All,Laundry Room,Main Level
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
Features
- Breakfast Bar,Built-in Features,Cathedral Ceiling(s),Entrance Foyer,Ceiling Fan(s),High Speed Internet,Pantry,Smart Thermostat,Supplemental Storage,Wired for Sound,Walk-In Closet(s),Wet Bar
- Window features: WoodWorkStain/Painted
- Number of fireplaces: 3
- Fireplace features: Library,Family Room,Blower Fan,Insert,Gas Starter,Great Room,Living Room,Recreation Room,Wood Burning
- Fireplace: Yes
Heating & Cooling
- Heating features: Forced Air,Propane,Ductless,Wood Stove
- Cooling features: Central Air,Wall Unit(s)
Interior Area
- Total structure area: 3,120
- Total interior livable area: 3,120 sqft
Kitchen
- Features: Tile-Ceramic
- Level: Main
- Area: 234
- Dimensions: 18x13
Master Bedroom
- Level: Upper
- Area: 600
- Dimensions: 20x30
Property
Details
- Parcel number: 551407470004000012
- Other equipment: Intercom
- Horse amenities: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered,Deck,Screened
- Exterior features: Balcony,Storage,Gas Grill,Gutter Guards,Fire Pit,RV Hookup,Other
- Has spa: Yes
- Spa features: Above Ground,Private
- Fencing: Fenced,Invisible
- Has view: Yes
- View description: Lake,Rural,Trees/Woods,Water
- Has water view: Yes
- Water view: Lake,Water
- On waterfront: Yes
- Waterfront features: Boat Slip,Dock,Lake Privileges,Lake Front,Water Access,Water View,Waterfront
Lot
- Lot size: 0.55 Acres
- Features: Close to Clubhouse,Rural - Subdivision,Sidewalks,Mature Trees,Wooded
Parking
- Total spaces: 2
- Parking features: Attached
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Winter Weather
- Cold Wave
- Hail
- Inland Flooding
- Landslide
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,044 | $48,528 |
| Home Insurance * | $495 | $5,940 |
| Property Taxes | $415 | $4,980 |
| Electricity | $286 | $3,432 |
| Total | $5,240 | $62,880 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
WildfireHailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-10 | Price change | $774,900 |
| 2026-07-17 | Listed for sale | $799,900 |
| 2000-08-25 | Sold | $177,000 |
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