5739 Paradise Drive

Martinsville, IN
$ 499,900 Beds 3 Baths 2 Sq 2,644
Monthly Estimate* How much can I afford?

Seller is offering concessions to reduce current interest rate to 4.25 - 5.25% to make this property even MORE AFFORDABLE! Location, Location, Location - Welcome home to this charming Cape Cod-style LAKEFRONT retreat, offering 3 bedrooms, 2 full bathrooms, and 2,644 square feet on nearly 1 ACRE in highly sought-after Paradise Lake neighborhood! Situated on a spacious corner lot consisting of three parcels, this property offers the rare combination of space, water access, privacy, and convenience. Enjoy peaceful lake views all while being centrally located between surrounding cities and everyday amenities. This home has undergone an extensive list of recent improvements, making it truly move-in ready. Major 2025-2026 updates include a NEW ROOF, NEW GUTTERS and gutter guards, NEW SEPTIC SYSTEM, NEW WATER HEATER, new waterproof laminate hardwood flooring, fresh interior and exterior paint, and much more throughout. As you step inside through your covered front porch, you'll find a warm and inviting floor plan enhanced by a built-in electric fireplace and entertainment center in your living room. The main level flows seamlessly into the galley-style kitchen, where picturesque water views create a beautiful backdrop and provide easy access to the private back deck-perfect for relaxing and taking in the lakefront setting. Also on the main level is a generously sized bedroom and an updated full bath featuring a luxurious walk-in shower. Upstairs, a versatile loft area offers additional space along with ample storage closets. A generously sized bedroom offers flexibility for family, guests, or a home office, while the EXPANSIVE PRIMARY SUITE feels like a private retreat, complete with a walk-in closet, updated full bath, and its own PRIVATE BALCONY overlooking the property. With lakefront living, a PRIVATE DOCK, nearly an acre, three parcels, 2,644 square feet, and substantial recent updates, this home offers a unique opportunity in a desirable setting

Active

  • Price
  • $ 499,900
  • City
  • Martinsville
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • MORGAN
  • Half Bathrooms
  • 0
  • Area
  • Green
  • Lot Size
  • 0.91 Acres
  • Zip
  • 46151
  • Sqr Footage
  • 2,644
  • Year Built
  • 1964
  • Taxes
  • $ 1330
  • Style
  • Cape Cod
  • MLS#
  • 22126333
Listed By: Sydney Wolfe with Highgarden Real Estate;
Data Source: MIBOR Broker Listing Cooperative

Features

General

Heating Natural Gas
Cooling Central Air
Utilities Electricity Connected,Natural Gas Connected,Septic System,Water Connected
Possession Negotiable,Other
Appliances Electric Cooktop,Dishwasher,Dryer,Electric Water Heater,MicroHood,Microwave,Electric Oven,Refrigerator,Washer
HOA Fee 480
Garage Spaces 2
Patio/Porch Features Covered,Deck
Architectural Style Cape Cod
Construction Materials Wood Siding,Stone
Year Built 1964
View Lake,Trees/Woods,Water
Township Green
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
Waterfront Features Boat Slip,Dock,Lake Privileges,Lake Front,Water Access,Water View,Waterfront
Additional Parcels Description Lot 39 Blk A Paradise Lake,Lot 40 Blk A Paradise Lake
Assoc Fee Paid Per Annually
County Morgan
New Construction No
Property Type Residential
HOA Yes
Subdivision Name Paradise Lake
Garage Y/N Yes
Total Rooms 6
Full Baths 2
Status Active
Directions GPS Friendly
High School Martinsville High School
City Martinsville
High School District MSD Martinsville Schools
MLS Area 5510 - Morgan - Green
Lot Size Square Feet 20996
Elementary School Green Township Elementary School
Property Attached Y/N No
Current Financing Conventional,FHA,VA
Middle/Junior High School John R. Wooden Middle School
Property Condition Updated/Remodeled
Additional Parcels Y/N Yes
Standard Status Active
Tax Lot 41,42
Legal Description Lot 41 Blk A Paradise Lake Lot 42 Blk A Paradise Lake

Interior Features

Interior Amenities Walk-In Closet(s)
Total Fireplaces 1
Fireplace Features Electric,Insert
Basement (Y/N) No
Total Bedrooms 3
Main Level Bedrooms 1
LivingAreaSource Assessor
Total Baths 2

Exterior Features

Exterior Amenities Balcony,Barn Mini,Storage,Gutter Guards,Fire Pit,Storage Shed
Fencing Chain Link,Gate
Parking Features Attached
Lot Features Corner Lot,Mature Trees,Wooded,See Remarks,Other
Water Source Public
Foundation Details Crawl Space
Spa No
Building Area Total 2644
Lot Size Acres 0.91
Waterfront Y/N Yes
Horse Amenities None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Columbus, IN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Green Township Elementary School
Middle School John R. Wooden Middle School
High School Martinsville High School

Price History

9/16/2026 Listed $525,000
9/18/2026 1% - $519,900
9/20/2026 2% - $510,000
9/21/2026 2% - $499,900

Property vs Zip Code Average in 46151

Price
AVG $480K
$500K
Taxes
AVG $1,811
$1,330
Year Built
AVG 1974
1964
Visits
AVG 90
2
Data Provided by Inside Real Estate®

5739 Paradise Drive Martinsville, IN is a Single Family Home for sale at $499900 with 2644 sqft and a lot size of 0.91 Acres Acre(s). 5739 Paradise Drive Martinsville has 3 bedrooms, 2 baths and was built in 1964. The property's zip code is 46151 which is in Martinsville, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.