Martinsville Homes with Finished Basement

Martinsville Homes with Finished Basement

Welcome to Martinsville, Indiana—a charming city nestled in the heart of Morgan County. Known for its rich history and friendly community, Martinsville offers a perfect blend of small-town charm and modern conveniences. With a population of around 12,000, residents enjoy a tight-knit atmosphere while benefiting from easy access to larger urban areas, including Indianapolis, which is just a short drive away.

Martinsville boasts a variety of recreational opportunities, including beautiful parks, scenic trails, and a vibrant downtown area filled with unique shops and restaurants. The city is also home to several community events throughout the year, fostering a sense of belonging and pride among its residents. Whether you’re exploring the historic sites or enjoying a leisurely day at the local farmer's market, Martinsville has something for everyone.

If you’re considering making Martinsville your home, you’ll be delighted to discover a selection of properties featuring finished basements. These homes not only provide valuable additional living space but also allow for endless possibilities—think cozy family rooms, home theaters, or even a private gym. With the flexibility that a finished basement offers, you can truly tailor your living environment to fit your lifestyle.

Martinsville's real estate market is diverse and welcoming, making it an ideal place for families, retirees, and first-time homebuyers alike. Explore the charm of Martinsville and discover your dream home with a finished basement, where comfort and functionality meet in perfect harmony. Come and experience the warmth of this delightful city!

Newest Martinsville Homes with Finished Basement

$240,000
2 Beds 2 Baths
OPEN HOUSE: SAT, SEPT 12th 11 AM - 1 PM. 3 wooded parcels, 2 private stock lakes & 1 rare opportunity to create your own Painted Hills retreat. Bring your vision to this fixer upper offering 1.08 acres across 3 parcels in Martinsville's most distinctive private lake community. You'll find mature trees, a peaceful creek, added privacy & limited views of neighboring homes without sacrificing the lake lifestyle. Enjoy vacation style living every day at a fraction of the price in Painted Hills. Inside, the main level offers a living room, bedroom, laundry, kitchen & half bath. Upstairs features a spacious loft with double doors leading to the wraparound porch, 1 full bathroom & a primary bedroom with its own private porch overlooking the wooded backyard. When you're ready to play, spend your days boating and making memories on the lakes. Lake Nebo is a 46 acre no wake lake perfect for fishing, swimming, kayaking, paddleboarding & relaxing. Lake Holiday is 150 acres offering plenty of room for skiing, tubing & wakeboarding. When you're ready to come off the water, head to the private clubhouse with a restaurant & bar. Dock up, play a game of pool, grab some food & drinks while you take in beautiful sunset views over the lake or swim in the community pool. Additional amenities include a beach, playground, dog park, tennis, basketball, pickleball, volleyball, horseshoes, outdoor grill, fireplace & private events creating the perfect setting for recreation. Conveniently positioned between both lakes, the home is approximately 2 minutes from the boat ramps, clubhouse & playground. Cedar Creek Winery, Brewery & Distillery is nearby, offering outdoor concerts & live music events all year. Busing options are available for both MSD of Martinsville & Indian Creek schools. The property is priced according to its current condition & offers an exceptional opportunity for buyers searching for a renovation project, wooded acreage, lake access, privacy & recreation in Morgan County

4699 E Sunnyslope Drive, Martinsville

Listing courtesy of The Modglin Group.

$618,000
5 Beds 6 Baths
RARE FIND IN FOXCLIFF NORTH ESTATES-FIVE BEDROOM SUITES, FLEXIBLE LIVING SPACE AND MOVE-IN-READY STYLE! Every bedroom features its own connected bathroom, creating five private suites-including an impressive primary retreat with two separate bathrooms and a cozy private balcony overlooking the backyard. Designed for effortless everyday living and memorable entertaining, the open-concept great room, breakfast area and updated kitchen flow seamlessly together. A main-level office provides the perfect work-from-home space or the flexibility to serve as a sixth bedroom. The finished basement is ready for movie marathons, game nights, a home gym or additional living space. A convenient secondary staircase leads directly from the three-car garage to the basement, offering excellent potential for private in-law quarters or multigenerational living. Step outside to your own private backyard escape, surrounded by natural landscaping. Relax in the hot tub on the screened porch, fire up the grill or imagine the possibilities-there is plenty of room for a future pool, outdoor entertaining and pets to play. The neighborhood playground is just a hop, skip and a jump away! Foxcliff North Estates offers a resort-style community experience with lakes for boating and fishing, a clubhouse hosting community events, tennis courts and a golf course. The location is just as impressive-minutes from I-69 for an easy commute to Indianapolis or Bloomington and approximately 20 minutes from Indianapolis International Airport. Spacious, versatile and completely move-in ready, this exceptional home delivers the privacy of five bedroom suites, outstanding entertaining spaces and the lifestyle you have been waiting for.

3667 N Ramsgate Road, Martinsville

Listing courtesy of Keller Williams Indy Metro Partners.

$1,250,000
4 Beds 3 Baths
Experience breathtaking lakefront living in this stunning A-frame home, perfectly positioned on one of the best lots in Painted Hills with over 450 feet of shoreline and panoramic water views from nearly every level. Outdoor enthusiasts will appreciate the covered boat slip with lift, private boathouse, and endless opportunities to enjoy life on the lake. Designed for entertaining and multi-generational living, this unique home features two full kitchens. The lower level serves as the primary living space with a beautifully updated kitchen showcasing Wolf appliances, a Sub-Zero refrigerator, gorgeous quartz countertops, abundant bar seating, and custom built-ins for exceptional storage. This level also includes a renovated full bath with a walk-in tiled shower and a convenient laundry room. A striking spiral staircase leads to the main level, where the spectacular lake views continue. Here you'll find two bedrooms, a second full kitchen, a spacious living room with a cozy fireplace, and a full bath-perfect for guests or extended family. The upper level is dedicated to a private owner's retreat featuring an open-concept primary suite, walk-in closets, a full bath, and some of the most incredible views the property has to offer. The fourth-level attic provides excellent storage or could easily be transformed into a home office or creative space. Located in the private lake community of Painted Hills, residents enjoy access to two lakes for boating, skiing, fishing, kayaking, and more. Community amenities include a clubhouse with restaurant and bar, swimming pool, pickleball courts, dog park, playground, and a vibrant year-round lifestyle. Conveniently located just minutes from I-69 for an easy commute and close to Cedar Creek Winery, Brewery & Distillery, where you can enjoy great food, drinks, and live music.

2419 S Alta Vista Court, Martinsville

Listing courtesy of Carpenter, REALTORS®.

$2,400,000
4 Beds 5 Baths
Absolutely gorgeous setting, on almost 30 acres, offering exceptional privacy and endless possibilities. This beautiful property presents an outstanding opportunity for a family estate or multi-generational compound. Approximately 15 wooded acres to explore, make a family campground, and have a shooting range! No HOA. A spacious Great Room offers cathedral ceilings, lots of natural light and brick fireplace. The basement is fully finished with a full bath, bedroom or bonus room, office, and an actual bar plus a stone fireplace. (2 fireplaces). The basement rec room is 33x13. The Morton pole barn measures 32' x72'. There is a 6' fence around a 75'x157' (with electricity if needed) part of property great for pets to roam or kids to play safely. There's also a 10x12 shed within the fenced area. The property has been surveyed and staked. The topography of land is conducive to a pond. 4-wheelers would have a blast. Municipal utilities are available at the northwest corner of the property. Location is so convenient to I69 for commuters, in town Martinsville businesses/restaurants, hospital, and of course Walmart (5 minutes). There's a long driveway up a hill to the home setting. The last 3 years, they have allowed nature to take over the drive up - now even more secluded & provides even more privacy. The intercom and house vac still work. Also: Whole house water filter, iron out water system, and water softener. Reverse osmosis in the kitchen, 400amp service, lots of closet spaces + walk-in closets, large cedar closet for your blankets. Total electric home. Sellers are relocating for retirement - but it continues to be a beloved homestead until the right buyer is ready to fulfill their dreams. It's an incredible opportunity for so many reasons.

1604 State Road 252 Road, Martinsville

Listing courtesy of Mathis Real Estate.

$649,900
4 Beds 3 Baths
Tucked away in the rolling hills of Martinsville, this truly one-of-a-kind 10-acre wooded retreat offers the perfect blend of rustic charm and serene country living. Surrounded by mature trees and natural beauty, this property is designed for those who value privacy, character, and a connection to nature. The one-owner, thoughtfully designed 4-bedroom, 2-bath home showcases rich rustic details throughout, including stunning interior barn beams and warm hardwood floors. A wraparound porch invites you to relax and take in the peaceful landscape, while expansive picturesque windows in the living room frame breathtaking views of the surrounding woods. At the heart of the home, a wood-burning fireplace extends from the basement to the main level, adding both charm and functionality. The updated kitchen pairs modern convenience with timeless style, and new carpet installed in 2026 ensures a fresh, move-in-ready feel. The walkout basement offers exceptional flexibility with a bedroom, full bath, and its own fireplace-perfect for guests or multi-generational living-with direct access to the outdoor oasis. Step outside to enjoy the 8-foot-deep pool with a diving board, privately nestled among the trees for a true resort-like experience. A standout feature of the property is the impressive 35' x 40' detached workshop, complete with an RV access door, upstairs storage, and a wood stove for heating-ideal for hobbyists, craftsmen, or additional storage needs. This rare 10-acre property captures the essence of rustic country living with unmatched tranquility and space, all while being ready for its next owner to call home.

3520 Middle Patton Park Road, Martinsville

Listing courtesy of F.C. Tucker Company.

$265,000
3 Beds 2 Baths
BRING YOUR OFFER! Welcome to your cabin in the woods in the highly sought-after Painted Hills lake community in Martinsville, Indiana. Located just 30 minutes from Bloomington and Indianapolis, this private retreat blends small-town charm with resort-style lake living. Tucked away on a quiet dead-end street, this home offers a peaceful, wooded setting with soaring ceilings and a main-level primary bedroom, making it ideal for first-time buyers, weekend getaways, or downsizing into low-maintenance living. The detached garage provides excellent space for storage, tools, or lake gear with an additional basement of its own. Painted Hills is a private lake community featuring two stocked lakes of approximately 140 and 46 acres, where you can enjoy boating, fishing tournaments, and water skiing. Community amenities include a clubhouse with a private restaurant and bar, swimming pool, pickleball courts, beach volleyball, dog park, playground, beach, multiple swim docks and year-round events that bring neighbors together. Just minutes away, enjoy live music and grab dinner at Cedar Creek, Indiana's only winery, distillery, and brewery in one location. Stop by the neighborhood Farmer's Market at Martin Farms or listen to the live music from your boat. Whether you're cruising the neighborhood by ATV, spending the day on the water, or relaxing under the stars on your private deck, this home offers a lifestyle that feels like a permanent vacation. If you're looking for a unique investment opportunity or a place to create lasting memories, this Painted Hills property offers the perfect blend of privacy, recreation, and community.

2941 S Mask Court, Martinsville

Listing courtesy of The Modglin Group.

$649,900
3 Beds 3 Baths
Welcome home to your private lake house oasis! 3265 N Lahr Drive is a hidden gem offering endless opportunities while having the best of both worlds, all the privacy and seclusion you could want and a location that is convenient to everything. Just minutes from Martinsville, 12 minutes to I-69, 30 minutes to Bloomington, and 30 minutes to Indianapolis International airport! Property is situated on 5.5 acres at the end of a dead end private road of all mature woods overlooking Lahr Lake, a private 14 acre lake providing all the peace, quiet, and nature you are looking for. From the relaxing outdoor entertaining areas, to the custom built maple cabinets, solid poplar trim throughout, and solid lake loop geothermal system, no details were left out when this property was designed and built. Walking into the main level you will find a large mud room leading into an open concept kitchen with breakfast bar, living room, formal dining room, and half bath. Upstairs you will find a large owners suite with a walk-through closet, full en-suite bath, and laundry area. Downstairs in the large finished walk-out basement you will find two additional bedrooms, one with a full en-suite bath, and a large family room. An unfinished utility room also offers a secondary W/D hookup giving the lower level great potential for an in-law/private suite. Lots of outdoor entertaining space with large decks overlooking the lake on both the main and lower levels wrapped in cedar railings as well as a front entry covered porch. The oversized 24' x 36' detached 3 car garage has automatic garage door openers as well as its own 100 amp electrical panel and offers plenty of work space. Total acreage is divided up between 5 individual lots with lots 5, 6, and 7 together being buildable! Lot 6 comes equipped with a 165' water well already in place. Don't miss your opportunity on this one of a kind private lake retreat in Morgan County, an offer rarely found on the market. Schedule your showing today!

3265 N Lahr Drive, Martinsville

Listing courtesy of Bear Real Estate Sales, LLC.

$1,299,999
4 Beds 4 Baths
BACK ON THE MARKET - AND BETTER THAN BEFORE! After the previous buyer's inspection, the sellers proactively completed all items identified in the inspection report and went a step further by installing a NEW TREX DECK. This exceptional Foxcliff Estates North waterfront home is refreshed, improved, and ready for its next owner. Welcome to one of the most extraordinary waterfront residences in Foxcliff Estates North - a custom-built estate offering over 6,200 square feet of thoughtfully designed luxury with panoramic lake views from both the front and rear of the home. This expansive property is truly one of a kind. Floor-to-ceiling windows capture the water from nearly every vantage point, while dramatic soaring ceilings throughout create architectural impact and grand scale. The primary suite is a private oasis, offering generous proportions, serene views, and a spa-like bath designed for comfort and retreat. Every detail reflects quality craftsmanship and intentional design. The walk-out lower level is built for entertaining, featuring a custom bar, dedicated billiards area, stone fireplace, and direct access to the waterfront. Step outside to your private boat dock and embrace the full lake lifestyle that makes this community so desirable. Rarely does a lakefront home of this scale, setting, and finish quality become available. Combined with the premier amenities of Foxcliff Estates North - golf course access, lake recreation, and a resort-style atmosphere - this property checks every box for luxury living. A true must-see with undeniable wow factor.

3799 N Foxcliff Drive E, Martinsville

Listing courtesy of Fox Haven Realty, LLC.

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