Price
$ 1,499,000

5099 E Paynetown Road, Bloomington, IN 47401  
  • 7 beds
  • 6 baths
  • 6,038 sqft

5099 E Paynetown Road, Bloomington, IN 47401  

Rarely does big acreage hit the market in Bloomington and even more illusive is acreage on Lake Monroe. Many county officials who have viewed the property describe it is one of the most unique and dynamic properties in all of Monroe County. It truly is one of a kind. You would own a whole point with almost 3,000 feet of lake frontage and almost 90 acres of wooded paradise, the possibilities are endless. Included in the sale is a majestic 6,131 square foot home sitting on top of a ridge, with walkout basement, 7 bedrooms, 6 baths, 3 car attached garage, 25x50 in-ground pool, and tennis/basketball court. Secluded in Mother Nature yet only 8 miles from downtown and approximately 12 miles from the new proposed hospital, the location is superb. One could rehab the home to its former glory (is is in need of a total remodel) or demo the site and start fresh. The property is being sold with 5 adjoining individually deeded lots, 4 of which could be developed and preliminary approval for such is in process. The home sits high upon the ridge approximately 750' above sea level and towards the point. Views of Lake Monroe and Salt Creek could be improved with additional clearing. Exposure to the lake is on the Eastern edge of the property and you can walk down to the water in various locations from this property . Have your very own "park like" setting next to Lake Monroe and almost 90 acres of privacy for recreation, hunting, peace, and living out your future dreams. This is a perfect place for an estate and part of the property is bordered by IU and Govt ground.

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Listing Type
Single Family
Listing ID
201642139
Bedrooms
7
Bathrooms
6
House Size
6,038
Lot Size
86.94 acres
Listing Status
Active
Year Built
1975
County
Monroe
Full Bath
6
Floors
3
Garage
3.0
Rooms
16.0
County School District
Monroe County Community School C
School District 1
Lakeview
School District 2
Jackson Creek
School District 3
Bloomington South
Zoning
A-R Agriculture-Residential
Taxes
4327.42
TaxID
530836100007000008
Listing courtesy of Aaron Steele~FC Tucker/Bloomington REALTORS
Price History
Get price alerts on price change
Date Event Change Price
3/31/2017 Price change $-751,000 (-33.4%) $1,499,000
Houses for Sale Nearby
    Listing Information Provided By:
    RE/MAX SELECT ASSOCIATES
    27 N Harrison St Spencer, IN 47460 | Phone: (812) 828-5310
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.