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5850 Paradise Lane

Martinsville, IN 46151

Name: Open House: 11am-1pm
Start: 2025-03-15T11:00:00
End: 2025-03-15T13:00:00
Location: 5850 Paradise Lane

2 beds
2 baths
2,026 sqft
8,102 sqft lot
$180 per sqft
1967 build

Lakefront Living at Its Finest! Wake up to breathtaking water views and the peaceful sounds of nature at this charming lakefront retreat! This 2-bedroom, 2-bathroom home is designed for both relaxation and entertaining, offering an unbeatable opportunity to live the lake life year-round. Step inside to an open and airy great room, where a cozy fireplace invites you to unwind after a day on the water. The connected dining area makes hosting effortless, and the charming pass-through window from the kitchen adds character while keeping conversations flowing. The updated main bathroom boasts dual sinks and a spacious walk-in shower, creating a spa-like feel. Downstairs, the partially finished walk-out basement provides endless possibilities! With a wood-burning stove, a full bath, ample storage, and potential for additional finished space, it's ready to be transformed to fit your needs. But the real magic begins outside-step onto the open patio, perfect for lakeside gatherings, and take in the view. A brand-new dock invites you to swim, cast a fishing line, or launch your kayak for a peaceful morning paddle. Why take a vacation when you can live it every day? Don't miss your chance to own this lakefront paradise!

Listing courtesy of MIBOR / Keller Williams Indy Metro S

Last checked: Checking… • Last updated Mar 14, 2025 •

MLS# 22026527 —

Upcoming Open Houses

Saturday, 3/15
11am-1pm

The Building

Year Built:

1967
New Construction:

false
Construction Materials:

Brick
Architectural Style:

Ranch, TraditonalAmerican
Levels:

One
Basement:

true
Basement:

Daylight/Lookout Windows, Exterior Entry, Full, Interior Entry, Partially Finished, Storage Space, Walk Out
Foundation Details:

Block
Patio And Porch Features:

Covered Porch, Open Patio
Exterior Features:

Barn Mini
Accessibility Features:

No
Direction Faces:

North
Green Certification:

No
Building Area Total:

2316
Below Grade Finished Area:

868

Interior

Rooms:

5
Rooms Total:

7
Rooms Total:

5
Interior Features:

Attic Access, Bath Sinks Double Main, Hi-Speed Internet Availbl, Screens Complete, Supplemental Storage, Windows Vinyl, Wood Work Painted
Eating Area:

Dining Combo/Family Room
Laundry Features:

Connections All, In Basement
Fireplaces Total:

1
Fireplace Features:

Basement, Gas Log, Living Room, Masonry, Woodburning Fireplce

Room Dimensions

SqFt:

1158
Main Level SqFt:

1158
Living Area:

2026

Location

Directions:

GPS Friendly
Latitude:

39.512762
Longitude:

-86.262462

The Property

View:

true
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Attached:

false
Parcel Number:

551001185010000009
Acres:

<1/4 Acre
Lot Features:

Rural - Subdivision, Mature Trees
Lot Size Acres:

0.19
Lot Size SqFt:

8,102 Sqft
Price Per Acre:

1921053
View:

Lake, Neighborhood, Water
View:

true
Waterfront:

true
Waterfront Features:

Dock, Lake Privileges, Pond, Water Access, Water View, Waterfront
Horse Amenities:

None
Fence:

No

Listing Agent

Contact info:

Taxes

Tax Lot:

28,29
Tax Year:

2024
Tax Exemptions:

Homestead Tax Exemption
Semi Annual Property Tax Amt:

532

Beds

Beds:

2
Bedrooms:

2
Bedrooms Total:

2
Main Level Bedrooms:

2

Baths

Baths:

2
Full Baths:

2
Full Baths:

1
Full Baths Main:

1
Full Baths Basement:

1

The Listing

Virtual Tour Branded:

Virtual Tour
Virtual Tour Unbranded:

Virtual Tour

Heating & Cooling

Heating:

Forced Air, Gas
Cooling:

Central Electric

Utilities

Water Source:

Municipal/City
Solid Waste:

No

Appliances

Appliances:

Electric Cooktop, Dryer, Electric Water Heater, Oven, Range Hood, Refrigerator, Washer

Schools

Elementary School:

Green Township Elementary School
Middle Or Junior School:

John R. Wooden Middle School
High School:

Martinsville High School
High School District:

MSD Martinsville Schools

The Community

Subdivision Name:

Paradise Lake
Association Amenities:

Pond Year Round
Spa:

false
Pool Private:

false
Association Fee Frequency:

Annually
Association:

true
Association Fee:

515
HOA Disclosures:

Covenants & Restrictions,Rules & Regulations
Association Fee Includes:

Association Home Owners, Entrance Common, Insurance, Maintenance
Management Company Name:

Paradise Lake HOA
Ownership Interest Types:

Mandatory Fee

Parking

Parking Features:

Attached
Garage:

true
Garage Spaces:

1
Garage & Parking:

Garage Door Opener,Service Door
Garage SqFt:

368

Monthly cost estimate

Asking price

$365,000

Expense	Monthly cost
Mortgage	$1,954
Taxes	$88
Insurance	$100
HOA fees	$43
Utilities	$154 See report
Total	$2,339/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
3/14/25 Mar 14, 2025	Listed / Active	MIBOR	$365,000	151.7% (14.7% / YR)
10/31/24 Oct 31, 2024	Price Changed	MIBOR
9/30/24 Sep 30, 2024	Listed / Active	MIBOR

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This house located in IN 46151 is currently for sale for $365,000. 5850 Paradise Lane is a 2,026 square foot house with 2 beds and 2 baths. This house is in the attendance area of Martinsville High School.

Listing Courtesy of: MIBOR and Keller Williams Indy Metro S.

IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID. 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.

Data is deemed reliable but is not guaranteed accurate by the Broker Listing Cooperative® listing service

5850 Paradise Lane

Martinsville, IN 46151