$750,000

beds

bath

half bath

1,056

square ft

4078 E Rembrandt Drive

Martinsville, Indiana 46151

Active / MLS #22131026 / Single Family / Martinsville

Listing information updated 10/13/2026 at 5:26pm

Rarely does an opportunity like this come to market. This unique 3.25-acre BUIDABLE and wooded retreat featuring LAKEFRONT ACCESS WITH 267 FEET OF SHORELINE on Painted Hills Lake offers the perfect blend of move-in-ready comfort and future potential. The property features a fully renovated two-bedroom home boasting new LVP flooring, a new deck, a modern sound system, and updated roof and mechanicals. For the craftsman or car enthusiast, the brand-new three-car carriage house is a standout. It includes a mechanic's pit, one 8-foot garage door, two 6-foot doors, a spacious unfinished upper level ideal for a game room or studio, and a second storage garage.With ample space to build your custom dream home. It has already undergone soil testing (Level 2) and has an additional septic permit is in progress; offers are welcome to be written with a contingency on its approval. Enjoy waterfront living with your own private floating dock on a lake that permits speedboats. While lake levels are currently lowered for routine dam maintenance, they are scheduled to return to normal by spring. Utilities include city water, propane, and septic, all supported by an active and affordable $1,200/year HOA. This is an exceptional chance to secure a versatile property in a sought-after community with excellent Highway 69 access.

Full Features

Architecture Style:

Ranch

Exterior Type:

Wood Siding

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Forced Air, Propane

Appliances:

Electric Cooktop, Dishwasher, Dryer, Electric Water Heater, Disposal, Microwave, Oven, Range Hood, Refrigerator, Washer, Water Heater, Water Softener Owned

Main Level Primary Bedroom:

Yes

Fireplace:

Yes

Pool:

Age:

48 Years

Parking Type:

Garage Door Opener,Service Door

Parking Spaces:

Garage:

Garage - 3 Car(s)

Room Count:

Water Front:

Yes

Water Features:

Lake Privileges, Lake Front, Water Access, Water View, Waterfront

Square Feet:

1,056

Lot Size:

3.26 Acres

Acreage:

3.26

Internal Features:

Attic Access, Breakfast Bar, Vaulted Ceiling(s), Paddle Fan, Wired for Sound

External Features:

Storage Shed, Tennis Community, Patio/Porch

Room Information

Living Room:

19x15 - Main

Kitchen:

19x9 - Main

Primary Bedroom:

12x11 - Main

2nd Bedroom:

11x9 - Main

Sitting Room:

11x10 - Main

Taxes & Assessments

Tax Amount:

N/A

Tax Year:

2025

Assessments:

$1,200 / year

Location

Zip Code:

46151

City:

Martinsville

County:

Morgan

Schools

School District(s):

Nineveh-Hensley-Jackson United

Elementary School:

Indian Creek Elementary School

Middle School:

Indian Creek Middle School

High School:

Indian Creek Sr High School

Architecture Style:

Ranch

Exterior Type:

Wood Siding

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Forced Air, Propane

Appliances:

Electric Cooktop, Dishwasher, Dryer, Electric Water Heater, Disposal, Microwave, Oven, Range Hood, Refrigerator, Washer, Water Heater, Water Softener Owned

Main Level Primary Bedroom:

Yes

Fireplace:

Yes

Pool:

Age:

48 Years

Parking Type:

Garage Door Opener,Service Door

Parking Spaces:

Garage:

Garage - 3 Car(s)

Room Count:

Water Front:

Yes

Water Features:

Lake Privileges, Lake Front, Water Access, Water View, Waterfront

Square Feet:

1,056

Lot Size:

3.26 Acres

Acreage:

3.26

Internal Features:

Attic Access, Breakfast Bar, Vaulted Ceiling(s), Paddle Fan, Wired for Sound

External Features:

Storage Shed, Tennis Community, Patio/Porch

Living Room:

19x15 - Main

Kitchen:

19x9 - Main

Primary Bedroom:

12x11 - Main

2nd Bedroom:

11x9 - Main

Sitting Room:

11x10 - Main

Tax Amount:

N/A

Tax Year:

2025

Assessments:

$1,200 / year

Zip Code:

46151

City:

Martinsville

County:

Morgan

School District(s):

Nineveh-Hensley-Jackson United

Elementary School:

Indian Creek Elementary School

Middle School:

Indian Creek Middle School

High School:

Indian Creek Sr High School

Listing Office: @properties

Listing Office Phone: 317.489.3441

Disclaimer: The data relating to real estate for sale on this website comes courtesy of MIBOR REALTOR® Association as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/13/2026 at 5:26pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.