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0 Cherry Court

Martinsville, IN 46151

ActiveListed Jul 1, 2026 · 19 days on market

Key facts

Lot
0.5 acres
Type
Land · Residential Lots
MLS #
22111371
County
Morgan
Subdivision
Painted Hills

About this home

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.

Description provided by the listing brokerage.

Exterior

View
ForestRuralTrees/Woods
Other structures
Not Applicable

Systems

Sewer
Septic Needed

Lot and HOA

HOA fee
$713 / annually
Lot features
Cul-De-SacIrregular LotRural - SubdivisionMature TreesWooded
Zoning
Residential
HOA fee includes
ClubhouseMaintenanceParkPlaygroundPickleball CourtSecurityTennis Court(s)
HOA amenities
Basketball CourtBeach AccessBeach RightsBilliard RoomBoat DockBoat SlipBoatingClubhouseDog ParkGame Court ExteriorMaintenanceParkParkingPickleball Court(s)Picnic AreaPlaygroundPowered Boats AllowedRV ParkingRV/Boat StorageRecreation FacilitiesSecuritySport CourtTennis Court(s)

Schools

Elementary school
Indian Creek Elementary School
Middle school
Indian Creek Middle School
High school
Indian Creek Sr High School
School district
Nineveh-Hensley-Jackson United

Taxes

Estimated annual tax
$23 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$104per month, estimated
Principal and interest $40Property tax $2Insurance $3HOA $59
20% · $1,600
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$8,000
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