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.
Listed By
Agency Name: Berkshire Hathaway HomeServices Indiana Realty
Agency Contact: Cell: 317-847-6203
Agent Name: Chris Fahy
Shown By
Agency Title: Coldwell Banker 1st Choice
Agency Phone: (219) 324-2121
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515 E Monroe Dam Road | MLS# 202631031
This single family home located at 515 E Monroe Dam Road, Bloomington, IN 47401 is currently listed for sale with an asking price of $474,000. This property was built in 1989 and has 3 bedrooms and 2 full baths with 1560 sq. ft. E Monroe Dam Road is located within the Monroe County Community School Corp. school district. Search Bloomington real estate on www.coldwellbanker1stchoice.com today.