Sheldon Barnes
For Sale — 4523 E Parkwood Drive, Martinsville, IN 461514523 E Parkwood Drive
Martinsville, Indiana 46151
Painted Hills
4
Beds
3
Baths
2,662
Sq Ft
1971
Year Built
1.45
Acres
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ABOUT THIS HOME
Welcome to your Private 1.45-Acre Retreat in Painted Hills! If you've been looking at lake communities, but refuse to settle for a cookie-cutter subdivision, this is the 'blank slate' you've been waiting for. Tucked on a private, wooded 1.45-acre lot, this home has been completely cleared of all belongings-offering a clean, vacant canvas for your specific vision.Experience an elevated way of living in the sought-after Painted Hills community, where luxury amenities meet a relaxed, lakeside pace. Living here feels exclusive. You aren't just buying a home; you're gaining exclusive access to the Painted Hills lifestyle: private boat docks, a community pool, tennis, and pickleball courts-even a dog park-amenities usually reserved for a much higher bracket. For the hobbyist, the massive detached 4-car workshop is the crown jewel. With ample space for automotive restoration, a professional woodworking studio, or a high-end creative escape, it offers a level of utility you simply won't find at this price point. Getting in now means you'll be settled in time to watch the 1.4 acres bloom into a private canopy and hit the lake just as the season peaks. Whether you're an artist seeking silence, a nature lover looking for mature trees, or a maker who needs a proper shop, the opportunity to claim this unique sanctuary is now.
Key things to know
- 1.45 acres with mature trees and privacy
- Massive detached 4-car workshop for hobbies or restoration
- Painted hills amenities: boat docks, pool, tennis, pickleball
- Cathedral ceilings and built-in features
- 4 bed, 3 bath on spacious lot
Monthly payment
Estimate · $349,900
$1,974/mo
≈ $1,862 principal & interest · $33 tax · $79 HOA
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $69,980 on a loan of $279,920.
Price history
- Price reduced$365,000 → $349,900
Apr 17, 2026
- Listedat $365,000
Mar 20, 2026
Painted Hills · activity
past 6 months
- Sold
- 6
- Median price
- $295,000
- Median DOM
- 132 days
Recent comparable sales
$550,000
964 W Rusty Ridge
3bd · 2ba · 2,448 sqft
Sold May 2026
$345,000
683 Parkside Drive
3bd · 3ba · 3,140 sqft
Sold May 2026
$185,000
250 Goodnight Road
3bd · 2ba · 3,397 sqft
Sold Apr 2026
$195,000
810 E Washington Street
4bd · 2ba · 2,096 sqft
Sold May 2026
$475,000
2432 E Stafford Place
4bd · 3ba · 2,902 sqft
Sold May 2026
Comparative value
5 comps in this range
This home is 1.4% above median for similar nearby sales.
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Interior
Exterior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$365,000Listed· Mar 20, 2026
$349,900Reduced
↓ $15,100 (4.1% off original)
39 days on market
Layout
Schools
Nineveh-Hensley-Jackson United
Elementary
Indian Creek Elementary School
Middle
Indian Creek Middle School
High
Indian Creek Sr High School
Neighborhood
- Downtown Indianapolis27.2 mi
- Zionsville Community HS39.0 mi
- Carmel Central Park40.1 mi
- Monon Trail (Carmel)40.3 mi
- Carmel High School40.9 mi
- IU Health North Hospital41.3 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
2,662 sq ft
Year Built
1971
Stories
Multi/Split
Subdivision
Painted Hills
Bedrooms
4
Bathrooms
2 full, 1 half
Garage
4 spaces
School District
Nineveh-Hensley-Jackson United