New

Virtual Tour

$474,000

For Sale

2 hours ago

515 E Monroe Dam Rd, Bloomington, IN

House

MLS® 202631031

3 Bed

2 Bath

1560 sqft

4 Parking

Key Facts
Description
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 1560 sqft

Garage Yes

Taxes $4,160

Days Active 1

Lot Size 5 Acres

Approx. Age 1989

Avg. Price Per Sqft $303

MLS® Number 202631031

Property Address: 515 E Monroe Dam Rd, Bloomington, IN, 47401-9071

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® Number202631031

Laundry Level

Central VacNo

FireplaceYes

Acreage

Exterior

GarageYes

Approx. Age1989

BasementWalk-Out Access

DrivewayGravel

Garage Spaces

HeatForced Air, Heat Pump

A/CCentral Air

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 31, 2026List Date

$474,000List Price

Commute

Commute

Starting Address

Destination Address

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