515 E Monroe Dam Road, Bloomington, IN 47401
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
Listed by: christopher fahy, julie getty-downham
Office: berkshire hathaway home
MLS#:22117546
Source:IN_MIBOR | Licensed in Indiana
Price summary
- Price:$468,444
- Price per sq. ft.:$300.28
About this home
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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Home facts
- Year built:1989
- Subdivision & Development:No Subdivision
- Listing ID #:22117546
- Added:63 day(s) ago
- Updated:October 02, 2026 at 05:03 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Dining Description:Dining Combo/Kitchen
- Kitchen Description:Convection Oven, Dishwasher, Disposal, Electric Oven, Microwave, Refrigerator
- Basement:Yes
- Basement Description:Basement, Finished
- Living area:1,560 sq. ft.
Heating and cooling
- Cooling:Central Electric, Heat Pump
- Heating:Electric, Forced Air, Heat Pump
- Central air:Yes
Structure and exterior
- Year built:1989
- Building area:1,560 sq. ft.
- Lot area:5 Acres
- Lot Features:Mature Trees, Wooded
- Architectural Style:Ranch
- Construction Materials:Wood Siding
- Exterior Features:Barn Pole, Storage
- Foundation Description:Block
Schools
- High school:Bloomington High School South
- Middle school:Jackson Creek Middle School
- Elementary school:Lakeview Elementary School
Utilities
- Water:Public Water
Finances and disclosures
- Price:$468,444
- Price per sq. ft.:$300.28
Features and amenities
- Appliances:Microwave, Refrigerator, Smoke Alarm, Washer
- Laundry features:Dryer, Washer
- Amenities:Wood Work Painted
Parking
- Parking description:Finished Garage, Garage Door Opener, Service Door
- Garage:Yes
- Garage spaces:4
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