515 E Monroe Dam Road, Bloomington, IN 47401
- $474,000
- 3
- BD
- 2
- BA
- 1,560
- SqFt
- List Price
- $474,000
- MLS#
- 22117546
- Property Type
- Residential
- Bedrooms
- 3
- Bathrooms
- 2
- Sqft. of Residence
- 1,560
- Year Built
- 1989
- Days on Market
- 1
- Status
- ACTIVE
Property 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.
/u.realgeeks.media/heymomimhome/lizmarksstraussrealtor.png)
Additional Information
- Basement
- Finished
- Foundation
- Block
- Stories
- One
- Architecture
- Ranch
- Equipment
- Dehumidifier, Security System Owned, Smoke Alarm
- Interior
- Breakfast Bar, Kitchen Island, Paddle Fan, Hi-Speed Internet Availbl, Eat-in Kitchen, Pantry, Smart Thermostat, Wood Work Painted
- Exterior Amenities
- Barn Pole, Storage, RV Hookup, Other
- Acres
- 5
- Heat
- Electric, Forced Air, Heat Pump
- Cooling
- Central Air, Heat Pump
- Financing
- Conventional, VA, Other
- Appliances
- Dishwasher, Dryer, Electric Water Heater, Disposal, Microwave, Convection Oven, Electric Oven, Refrigerator, Washer, Other
- Semi-Annual Taxes
- $2,080
- Garage
- Yes
- Garage Parking
- Finished Garage, Garage Door Opener, Service Door, Other
- Region
- Clear Creek
- Areas
- Bedroom Other on Main, Other
- Eating Areas
- Dining Combo/Kitchen
Mortgage Calculator
Listing courtesy of Berkshire Hathaway Home.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative