Description
Become part of the exclusive Painted Hills Lake Community with this beautiful wooded membership lot located on Cherry Court. This property is a membership-only lot and is not currently considered a buildable homesite. Ownership provides the valuable right to enjoy the private Painted Hills lifestyle while requiring virtually no maintenance. For just $713 per year in HOA dues, payable each May 1, you'll enjoy full access to the community's outstanding amenities, including the 150-acre Lake Holiday, 46-acre Lake Nebo, private beach, swimming pool, clubhouse, members-only restaurant and bar, pickleball, tennis, basketball, volleyball, dog park, playground, kayak launch, fishing docks, swimming docks, and year-round community events. Whether you're looking for an affordable way to enjoy lake life, secure your place in this highly sought-after private community, or invest for the future, this property offers exceptional value. While this lot is not currently buildable, buyers may wish to explore its future potential should adjoining properties become available. Any future development, building rights, or use would be subject to applicable approvals, regulations, and independent buyer due diligence. Conveniently located just 30 minutes from Indianapolis, Bloomington, and Indianapolis International Airport, Painted Hills offers a unique combination of resort-style living and small-town charm. Take your ATV to community amenities, Downtown Martinsville, local restaurants, shopping, and the popular Cedar Creek entertainment destination featuring concerts, a winery, brewery, distillery, and year-round events. Membership opportunities in Painted Hills are becoming increasingly difficult to find. Whether you're seeking recreational access today or a long-term investment within one of Morgan County's premier private lake communities, this property is an opportunity you won't want to miss. 3 adjoining lots are also available for seperate purchase.
Source: MIBOR as distributed by MLS GRID, MLS ID: 22111371
Listing provided courtesy of Danielle Stiles 317-865-9400 with The Modglin Group
Last Updated: 7/2/2026 | 3:01 AM
Est. Payments: $0/mo
Martinsville Market Report
Avg. Price Per Sq. Ft.
172.51
Median List Price
$399,900
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