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5739 Paradise Drive

Martinsville, IN 46151

ActiveListed Sep 16, 2026 · 17 days on market

Key facts

Beds
3
Baths
2 full
Living area
2,644 sqft
Lot
0.91 acres
Year built
1964
Type
Residential · Single Family Residence
Stories
Two
Garage
2 spaces
MLS #
22126333
County
Morgan
Subdivision
Paradise Lake

About this home

Location, Location, Location - Welcome home to this charming Cape Cod-style LAKEFRONT retreat on nearly 1 ACRE in highly sought-after Paradise Lake neighborhood! 5 minutes from Mallow Run Winery, 10 minutes to Bargersville, 15 minutes to Franklin, 20 minutes to surrounding cities: Greenwood, Mooresville, Martinsville, and Indianapolis! 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

Description provided by the listing brokerage.

Interior

Appliances
Electric CooktopDishwasherDryerElectric Water HeaterMicroHoodMicrowaveElectric OvenRefrigeratorWasher
Interior features
Walk-In Closet(s)
Kitchen
Kitchen GalleyKitchen Updated
Fireplaces
1
Fireplace type
ElectricInsert
Windows
Skylight(s)
Rooms
6
Main-level bedrooms
1
Condition
Updated/Remodeled

Exterior

Exterior features
BalconyBarn MiniStorageGutter GuardsFire PitStorage Shed
Patio and porch
CoveredDeck
Construction
Wood SidingStone
Foundation
Crawl Space
Style
Cape Cod
Parking and garage
Attached
Fencing
Chain LinkGate
View
LakeTrees/WoodsWater
Waterfront
Boat SlipDockLake PrivilegesLake FrontWater AccessWater ViewWaterfront

Systems

Heating
Natural Gas
Cooling
Central Air
Water
Public
Utilities
Electricity ConnectedNatural Gas ConnectedSeptic SystemWater Connected

Lot and HOA

HOA fee
$480 / annually
Lot features
Corner LotMature TreesWoodedSee Remarks

Schools

Elementary school
Green Township Elementary School
Middle school
John R. Wooden Middle School
High school
Martinsville High School
School district
MSD Martinsville Schools

Taxes

Estimated annual tax
$1,330 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,840per month, estimated
Principal and interest $2,515Property tax $111Insurance $175HOA $40
20% · $99,780
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$498,900
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