Some land gives you a place to build. This gives you a whole new way to live. Tucked beneath the trees of Painted Hills, these 2 buildable wooded lots offer the rare opportunity to create a custom home in one of Morgan County's most loved private lake communities. Here, you aren't simply buying vacant land. You're choosing the setting for slow mornings, summer nights on the water, sunset boat rides & weekends that feel like you left town without ever leaving your neighborhood. Design the home you've been waiting for, surrounded by mature woods with the Painted Hills lifestyle just beyond your future front door. The property is capable of supporting a 4+ bedroom home with final building plans required before permits can be issued. For buyers searching for buildable land in Martinsville, Indiana, a wooded custom home site or vacant residential land near Indianapolis, opportunities inside Painted Hills are increasingly difficult to find. Once you live here, the lake becomes part of everyday life. Spend summer afternoons boating & skiing on 150 acre Lake Holiday, fish or kayak across 46 acre Lake Nebo, meet friends at the private beach or pool, then take the ATV to dinner at the clubhouse. Pickleball, tennis, basketball, volleyball, playgrounds, dog park, fishing & swim docks, kayak access & year-round community events are all part of calling Painted Hills home. Nothing quite compares to watching the community's private 4th of July fireworks light up the lake from the water or the live music. When you're ready to venture out, Downtown Martinsville's growing collection of restaurants & local businesses + Cedar Creek's concerts & entertainment are close by, while Indianapolis, Bloomington & Indianapolis International Airport are approximately 30 minutes away. Build your custom home. Keep your privacy. Live by the lakes. If you've been waiting for undeveloped land where your new construction dream comes with more than an address, these 2 Painted Hills lots are perfect!
HOA includes clubhouse, private entrance, maintenance, park/playground, security, tennis courts and other amenities
Association amenities include beach access and rights, boat dock and slips, boating, RV/boat storage, pool, courts (tennis, pickleball, sport), playground, park, clubhouse, recreation facilities, management, maintenance, security and more
HOA disclosures: covenants & restrictions, rules & regulations
Other
Approved for 4+ bedroom septic
Lot size about 0.44 acre (2 lots)
Topography: hilly and wooded
Soil type: see remarks
Divisible: No
Number of lots: 2
Directions: GPS friendly
Tax legal: Lot 88C & 89C Painted Hills Subdivision 1st Sec.
Electricity and solar
View estimated energy costs and solar savings for this home
Lot 101 offers an unparalleled opportunity to be a part of this exclusive lakeside haven, Painted Hills. Located less than 30 Minutes from Bloomington & Indianapolis, this Private Lake Community offers 2 Fully Stocked Lakes exclusively for Members Only. The 140 Acre Lake Holiday is perfect for Water Skiing or a weekend spent floating on your gas powered pontoon boat. Lake Nebo is a stunning 46 Acre Lake perfect for Kayaks & Paddleboarding and offering the most incredible sunsets! With Fishing Tournaments, a Playground, Dog Park, Pool, Tennis, Basketball, Volleyball, Pickleball, & a Private Beach, there is so much to enjoy at the Painted Hills Clubhouse. With year round Community Events such as the Private 4th of July Fireworks, Breakfast with Santa, Easter Egg Hunt, Summer BBQ Parties, Trunk or Treating in the Fall & an epic New Years Bash, there is always something to do in Painted Hills. With frequent live music hosted in the Members Only Restaurant & Bar, the Painted Pub, your neighbors will become your new best friends! Cedar Creek, Indiana's only Winery, Distillery & Brewery in one location is right across the street from Painted Hills. Offering even more live music year round, a Cigar Bar, Boutique & Additional Restaurant, there is never a shortage of things to enjoy right here in Martinsville. This wooded lot could possibly be developed with an approved Septic System. Utilities are @ the Street with REMC Fiber & Municipal Water. HOA Requires 1,500+ sq ft home with 2 car attached garage. Annual Dues are $713/year & 2023 taxes were $116.49/half. With dues & taxes under $1,000/year, this no maintenance lot is the perfect investment for your recreational use of the Painted Hills Member only amenities. HOA issued docks available with sizeable waiting list. Members will need to launch & load their watercrafts without a local dock. Local Boat & RV Storage is available. No Temporary Structures are Permitted such as Tents/Campers. Mobile & Modular Homes are Prohibited
Year
Property tax
Land + Additions
Assessment*
2025
$82 (−71.1%)
$7,000
2024
$284 (+21.5%)
$7,000
2023
$234 (+0.3%)
$22,800
2022
$233 (+56.0%)
$22,800
2021
$149 (+9.3%)
$22,800
2020
$137 (−2.5%)
$15,300
2019
$140 (−31.8%)
$15,300
2018
$206 (−2.7%)
$15,300
2017
$211 (+48.8%)
$15,300
2016
$142 (+18.3%)
$15,300
2015
$120 (−48.1%)
$15,300
2013
$231
$15,300
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
115 ft.
Lot depth
189 ft.
Lot size
0.5 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Morgan County
APN
55-14-07-295-007.000-012
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 8, 2026.
R2
Medium-Density Residential District
The Medium-Density Residential District is intended to provide for neighborhood development that is compatible with existing patterns of development of adjacent properties. This district allows for a variety of housing densities and lot sizes including single-family attached and detached and two-family dwellings, as well as non-residential services that are necessary to serve local residents. All new development shall be supported by public services and transportation connectivity when possible, and should be in close proximity to community facilities such as schools, parks, shopping areas, etc; All subdivisions require Subdivision approval unless exempt See Chapter 5.B.5: Exempt Subdivisions; All new primary structures for non-residential uses require Development Plan approval; All development may be subject to Drainage Board approval; Only one primary use or primary structure/dwelling unit per lot is permitted in this district.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Office
Educational/school
Library
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 102° expected this year, 18 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Martinsville, IN • 46151
Average low and high temperatures (°F)
34
18
44
27
62
40
69
49
72
54
83
65
87
71
83
64
82
58
71
48
55
40
43
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 0 Ridge East Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $74,900 and $441,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $75K to $441K.