LKV Realty
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$474,000
$2,400Reward *
515 E Monroe Dam Road, Bloomington, IN 47401Listing ID 202631031

515 E Monroe Dam Road, Bloomington, IN 47401

Active
Time on site: 18 daysLast updated: Jul 31, 2026
Property Type
Property Type
Residential
Property Sub Type
Property Sub Type
Manufactured On Land
Bedrooms
Bedrooms
3
Bathrooms
Bathrooms
2
Square Feet
Square Feet
1,560
Acres
Acres
5
Days on Site
Days on Site
17
Cooling
Cooling
Central Air
Heating
Heating
Forced Air, Heat Pump
Year Built
Year Built
1989
Garages
Garages
4
Parking
Parking
Gravel

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.

Property Information

Property Details

Location

Address
515 E Monroe Dam Road
City
Bloomington
Zip Code
47401
High School
Bloomington South
Elementary School
Lakeview

Interior Features

Beds and Baths

Bedrooms
3
Full Bathrooms
2

Building

Building Information

Square Feet
1,560
Year Built
1989
Construction
Wood Siding
Foundation
Block
Roof
Asphalt

Property Taxes

Tax Annual Amount
$4,160
Tax Year
2025
Berkshire Hathaway HomeServices Indiana Realty

Market Report for 47401

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: Indiana Regional MLS
Indiana Regional MLS logo

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

For corrections to this data please contact Brytecore MLS Support.

ME3186