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515 E Monroe Dam Road

Bloomington, IN 47401
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Bed 3

Bed

Bath 2

Bath

SqFt1,560

Sqft

Acres5

Acres(Lot)

Just minutes from the Salt Creek Recreation Area boat ramp, this thoughtfully renovated 3-bedroom, 2-bath retreat on 5 private wooded acres offers the perfect blend of Lake Monroe adventure, peaceful seclusion, and exceptional versatility. Whether you're searching for a weekend getaway, a full-time residence, or a property with outstanding short-term rental potential, this one checks all the boxes. Inside, the open-concept floor plan centers around a stunning new kitchen featuring white soft-close cabinetry, quartz countertops, stainless steel appliances, a classic tile backsplash, and a large center island with breakfast bar seating. New flooring, updated lighting, and modern finishes throughout create a bright, welcoming space that comfortably sleeps up to 12 guests, making it ideal for hosting family and friends or accommodating larger groups. Outside, the possibilities continue with an oversized detached two-car garage, a 32' x 28' insulated pole barn with electricity, a covered parking area, and plenty of room to park an RV, boats, trailers, and recreational equipment. Whether you're spending the day on Lake Monroe, exploring Hoosier National Forest, or relaxing around the property, you'll appreciate the space to store all your outdoor toys. Paynetown State Recreation Area, beaches, marinas, and miles of hiking trails are just minutes away, while Indiana University and downtown Bloomington are approximately 15 minutes from your doorstep. With its generous sleeping capacity, abundant parking, exceptional storage, and prime location near both Lake Monroe and IU, this property offers outstanding flexibility as a personal retreat or a short-term rental for lake visitors, university events, football weekends, graduation ceremonies, and other Bloomington-area activities. If you've been searching for a place where lake living, outdoor adventure, and investment opportunity come together, you've just found it.

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Detail Ic Property Details

Property Type : Residential

Price : $474,000

AD Id : 88899007

MLS Id : MBR22117546

Beds : 3

Lot Size : 5 Acres

Living Area Size : 1,560

Year Built : 1989

Garage : 4

County : Monroe

Subdivision: No Subdivision

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Feature Features

  • Bedroom Information

    Total Bedroom: 3

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Rooms Total: 6 Has Basement: Yes

    Interior Features

    Breakfast Bar, Kitchen Island, Paddle Fan, Hi-Speed Internet Availbl, Eat-in Kitchen, Pantry, Smart Thermostat, Wood Work Painted Appliances: Dishwasher, Dryer, Electric Water Heater, Disposal, Microwave, Convection Oven, Electric Oven, Refrigerator, Washer, Other Laundry Features: Main Level
  • Flooring Information

    Construction Materials: Wood Siding
  • Heating & Cooling

    Heating: Electric, Forced Air, Heat Pump Cooling: Central Air, Heat Pump WaterSource: Public

  • Building Information

    Year Built: 1989
  • Exterior Features

    Barn Pole, Storage, RV Hookup, Other Construction Materials: Wood Siding Foundation Details: Block

  • Lot Information

    Lot Description: Irregular Lot, Rural - Not Subdivision, Mature Trees, Wooded, See Remarks, Other Lot Square Feet: 217800 Lot Acres: 5

    Property Information

    Property Type: Residential Sub Type: Single Family Residence Style: Ranch

  • Listing Price Information

    Original List Price:$474000

  • Tax Information

    Tax Lot: 1 Tax Legal Description: 004-19610-00 PT SE SW 21-7-1W 5.00A Tax Year: 2025 Parcel Number: 531121300007000006 Tax Exemption: None

  • Parking Information

    Detached, Gravel, Garage Door Opener, Guest, RV Access/Parking, Storage, Workshop in Garage, Other

    Garage Information

    Has Garage: Yes Garage Space: 4 Garage SQFT: 635 Garage SQFT: Finished Garage,Garage Door Opener,Service Door,Other

  • School Information

    Elementary School: Lakeview Elementary School Junior High School: Jackson Creek Middle School Senior High School: Bloomington High School South
  • Utility Information

    Cable Available, Electricity Connected, Septic System, Water Connected Water Source: Public
  • Location Information

    Subdivision: No Subdivision City: Bloomington Direction: GPS Friendly
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ByOwner last updated this listing 08/17/2026 @ 06:20

MLS: MIBOR #22117546 LISTED BY: Christopher Fahy, Berkshire Hathaway Home 317-841-6380 SOURCE: MIBOR REALTOR® Association (Listings courtesy of MIBOR REALTOR® Association as distributed by MLS GRID)

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