515 E Monroe Dam Road, Bloomington, IN 47401

• 3 beds |
• 2 baths |
• 1,560 sqft

Property Description

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.

Listing Status:

Active

Date Added:

July 31, 2026

Data Last Updated:

October 9, 2026 at 7:58AM

Listing Office:

Berkshire Hathaway HomeServices Indiana Realty : 317-595-2100

Listing Agent:

Chris Fahy : 317-847-6203

MLS ID:

202631031

Interior

• Basement: Walk-Out Basement
• Flooring: Vinyl
• A/C: Central Air
• Heating: Forced AirHeat Pump
• Fireplace: None

Exterior

• General: Wood
• Style: Cabin/CottageDetached

Construction

• Roofing: Asphalt

Location

• School District: Monroe County Community School Corp.

Lot

• Driveway: Gravel
• Zoning: 004-19610-00 PT SE SW 21-7-1W 5.00A53-11-21-300-007.000-006
• Fencing: PartialChain Link

Utilities

• Water: City
• Sewer: Septic