LKV Realty
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$474,000
$2,400Reward *
515 E Monroe Dam Road, Bloomington, IN 47401Listing ID 22117546

515 E Monroe Dam Road, Bloomington, IN 47401

Active
Time on site: 12 daysLast updated: Aug 1, 2026
Property Type
Property Type
Residential
Property Sub Type
Property Sub Type
Single Family Residence
Bedrooms
Bedrooms
3
Bathrooms
Bathrooms
2
Square Feet
Square Feet
1,560
Acres
Acres
5
Days on Site
Days on Site
12
Cooling
Cooling
Central Air, Heat Pump
Heating
Heating
Electric, Forced Air, Heat Pump
Year Built
Year Built
1989
Garages
Garages
4
Parking
Parking
Detached, Gravel, Garage Door Opener, Guest, RV Access/Parking, Storage, Workshop in Garage, Other

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
County
Monroe
City
Bloomington
Zip Code
47401
School District
Monroe County Community Sch Corp
High School
Bloomington High School South
Elementary School
Lakeview Elementary School
MLS Area
5310 - Monroe - Clear Creek

Interior Features

Beds and Baths

Bedrooms
3
Main Level Bedrooms
2
Full Bathrooms
2

Building

Building Information

Square Feet
1,560
Year Built
1989
Construction
Wood Siding
Foundation
Block
Condition
Updated/Remodeled

Financial

Special Conditions
Not Applicable

Property Taxes

Tax Year
2025
Berkshire Hathaway Home, (317) 841-6380

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: MIBOR REALTOR® Association
MIBOR REALTOR® Association logo

Based on information submitted to the MLS GRID as of 12 Aug 2026, 03:13 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

For corrections to this data please contact Brytecore MLS Support.

MBR34333 • MBR10325