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5540 N Zander Trail

Martinsville, IN 46151

ActiveListed Oct 13, 2026 · 4 days on market

Key facts

Beds
4
Baths
3 full · 2 half
Living area
4,704 sqft
Lot
231.7 acres
Year built
2023
Type
Residential · Single Family Residence
Stories
Two
Garage
4 spaces
MLS #
22131252
County
Morgan
Subdivision
No Subdivision

About this home

This report evaluates one of the most thoughtfully developed private estates in Morgan County, Indiana - a 231.70-acre multi-parcel legacy property assembled and improved over many years by the owners with a well designed plan. This is not a standard land transaction. Every structure, utility, road, fence line, and improvement on this property reflects deliberate, long-term vision. The result is a property that genuinely cannot be replicated - not because of hyperbole, but because the combination of 185+ acres of enrolled classified forest, bespoke residential infrastructure, world-class garage and equestrian facilities, buried utilities throughout, gated security, and a secondary residence on a single contiguous holding in this location simply does not come together in this form anywhere else in Morgan County. The property is anchored by a 4,704 SF custom residence with Amish-crafted interiors, two heated garages totaling 6,400 SF including RV accommodation, a heated saltwater pool, and outdoor living facilities - all supported by municipal water, fiber optic internet, 400-amp electrical service, and a 65,000KW Cummins generator. A 1,512 SF secondary residence on its own 3.80-acre parcel with fenced pastures adds significant utility and rental or multi-generational living potential. The equestrian and agricultural infrastructure - a 160'x72' multi-purpose barn with covered arena, five horse stalls, three two-stall stables, and seven freeze-proof automatic waterers - rivals dedicated equestrian facilities found on properties asking considerably more in other Indiana markets. The 185.17 acres of Classified Forest & Wildlands Program enrollment provides meaningful annual tax benefit and signals long-term stewardship intent - a feature that conservation-minded buyers, lifestyle estate buyers, and family compound buyers will specifically seek out and pay a premium for.

Description provided by the listing brokerage.

Interior

Appliances
Common LaundryGas CooktopDishwasherDryerENERGY STAR Qualified Water HeaterElectric Water HeaterENERGY STAR Qualified AppliancesGas Water HeaterExhaust FanMicrowaveGas OvenRefrigeratorWasher
Interior features
Bath Sinks Double MainBreakfast BarCathedral Ceiling(s)Kitchen IslandEntrance FoyerHi-Speed Internet AvailblEat-in KitchenWired for DataPantrySmart ThermostatWalk-In Closet(s)
Kitchen
Kitchen CountryKitchen Updated
Other rooms and areas
Bedroom Other on MainLaundry in UnitUtility Room
Flooring
Hardwood
Fireplaces
1
Fireplace type
Blower FanGas StarterGreat Room
Laundry
In UnitCommon LaundryConnections AllLaundry ClosetLaundry RoomMain Level
Windows
ScreensStorm Window(s)
Accessibility
Hallway - 36 Inch WideAccessible Approach with RampAccessible EntranceAccessible Full Bath
Security
24 Hour SecurityBuilding SecurityCarbon Monoxide Detector(s)Closed Circuit Camera(s)Fire AlarmGated CommunitySecured Garage/ParkingSecurity GateSecurity SystemSecurity System OwnedSmoke Detector(s)
Rooms
11
Main-level bedrooms
2
Condition
Updated/Remodeled

Exterior

Exterior features
Barn PoleStorageCarriage/Guest HouseOutdoor KitchenRV HookupStorage ShedWater Feature Fountain
Patio and porch
Breeze WayCoveredPatio
Foundation
FullPoured Concrete
Style
Contemporary
Parking and garage
AttachedDetached
Pool
HeatedIn GroundPool CoverSalt Water
Private pool
Yes
Fencing
Chain LinkPartialPrivacyGateSecurity
Other structures
Outbuilding
Other equipment
Farm EquipmentGeneratorLivestock EquipmentSecurity SystemSecurity System OwnedSmoke Alarm

Systems

Heating
ElectricHot WaterRadiant CeilingRadiant Floor
Cooling
Central Air
Water
Public
Utilities
Electricity ConnectedNatural Gas ConnectedSeptic SystemWater Connected

Lot and HOA

Lot features
Not In SubdivisionRural - Not SubdivisionMature TreesTrees-Small (Under 20 Ft)Wooded

Schools

Elementary school
Monrovia Elementary School
Middle school
Monrovia Middle School
High school
Monrovia High School
School district
Monroe-Gregg School District

Taxes

Estimated annual tax
$5,598 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$33,835per month, estimated
Principal and interest $31,202Property tax $467Insurance $2,167
20% · $1,238,000
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$6,190,000
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