515 E  Monroe Dam Rd, Bloomington, IN 47401
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Property image
FOR SALE
NEW - 8 HRS AGO
3D VIEW
5 ACRES

515 E Monroe Dam Rd
Bloomington, IN 47401

Smithville-Sanders
  • 3 Beds
  • 2 Baths
  • 1,560 sqft (on 5 acres)

$474,000

Est. Mortgage $2,793/mo*

$474,000

Est. Mortgage $2,793/mo*
3 Beds
2 Baths
1,560 sqft
(on 5 acres)

Home Highlights

Parking
Garage
Outdoor
Deck
Climate Control
Heating & Cooling
Price/Sqft
$304
Listed
Less than a day ago

Local Information

  • Map ViewExplore the area around 515 E Monroe Dam Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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.

Home Details for 515 E Monroe Dam Rd

Active Status

MLS Status: Active

Interior Features

Interior Details
Basement: FinishedNumber of Rooms: 6Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Family Room, Kitchen, Laundry
Beds & Baths
Number of Bedrooms: 3Main Level Bedrooms: 2Number of Bathrooms: 2Number of Bathrooms (full): 2Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 1560 Square Feet
Appliances & Utilities
Utilities: Electricity Connected, Water ConnectedAppliances: Dishwasher, Dryer, Electric Water Heater, Disposal, Microwave, Convection Oven, Electric Oven, Refrigerator, Washer, OtherDishwasherDisposalDryerLaundry: Main LevelMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Electric,Forced Air,Heat PumpHas CoolingAir Conditioning: Central Air,Heat PumpHas HeatingHeating Fuel: Electric
Gas & Electric
Electric: 200+ Amp Service, 220 Volts in Garage, 220 Volts in WorkshopHas Electric on Property
Windows, Doors, Floors & Walls
Window: Wood Work Painted
Levels, Entrance, & Accessibility
Stories: 1Levels: One
View
Has a ViewView: Forest, Pasture, Rural, Trees/Woods
Security
Security: Security System Owned, Smoke Detector(s)

Exterior Features

Exterior Home Features
Patio / Porch: Covered, DeckFencing: Fenced, Chain Link, Partial, GateOther Structures: Barn PoleExterior: Storage, RV Hookup, OtherFoundation: Block
Parking & Garage
Number of Garage Spaces: 4Number of Covered Spaces: 4Other Parking: Garage Parking Other(Finished Garage, Garage Door Opener, Service Door, Other)No CarportHas a GarageNo Attached GarageParking Spaces: 4Parking: Detached,Gravel,Garage Door Opener,Guest,RV Access/Parking,Storage,Workshop in Garage,Other
Water & Sewer
Sewer: Septic Tank
Farm & Range
Horse Amenities: None
Finished Area
Finished Area (below surface): 520 Square Feet

Days on Market

Cumulative Days on Market: 1Days on Market: <1 day on Trulia

Property Information

Year Built
Year Built: 1989
Property Type / Style
Property Type: ResidentialProperty Subtype: Residential, Single Family ResidenceArchitecture: Ranch
Building
Construction Materials: Wood SidingNot a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Condition: Updated/RemodeledParcel Number: 531121300007000006

Price & Status

Price
List Price: $474,000Price Per Sqft: $304
Status Change & Dates
Possession Timing: Close Of Escrow, Negotiable

Location

Direction & Address
City: BloomingtonCommunity: No Subdivision
School Information
Elementary School: Lakeview Elementary SchoolJr High / Middle School: Jackson Creek Middle SchoolHigh School: Bloomington High School SouthHigh School District: Monroe County Community Sch Corp

Agent Information

Listing Agent
Listing ID: 22117546

Building

Building Area
Building Area: 1560 Square Feet

HOA

No HOA

Lot Information

Lot Area: 5 Acres

Miscellaneous

BasementMls Number: 22117546
Last check for updates: about 4 hours ago
Listing Provided by: Christopher Fahy, (317) 847-6203
Berkshire Hathaway Home
Julie Getty-Downham, (317) 710-6696
Source: MIBOR as distributed by MLS GRID, MLS#22117546

Market trends in Bloomington

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$319K
$18.15K
MoM
Sale-to-List Price
98.2%
0.1%
MoM
Price per sq ft
$184
$4
MoM
Available listings
752
12
MoM

Price History for 515 E Monroe Dam Rd

DatePriceEventSource
07/31/2026$474,000Listed For SaleIRMLS #202631031
10/21/2022$315,000Sold
MIBOR as distributed by MLS GRID #21873466
09/26/2022$349,900PendingMIBOR as distributed by MLS GRID #21873466
09/15/2022$349,900PriceChange
IRMLS #202230866
08/03/2022$374,900PriceChange
MIBOR as distributed by MLS GRID #21873466
07/26/2022$399,900Listed For SaleIRMLS #202230866
03/22/2019$215,000Sold
N/A
02/18/2019$215,000Listed For SaleAgent Provided
08/07/2016$165,000ListingRemovedAgent Provided
05/10/2016$165,000PriceChange
Agent Provided
02/06/2016$189,500Listed For SaleAgent Provided
01/04/2016$195,000ListingRemovedAgent Provided
06/02/2015$195,000PriceChange
Agent Provided
10/28/2014$199,500PriceChange
Agent Provided
08/23/2014$210,000PriceChange
Agent Provided
05/06/2014$225,000Listed For SaleAgent Provided

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Property Tax and Assessment

Year2025
Tax$3,837
Assessment$280,600
Home facts updated by county records

Comparable Sales for 515 E Monroe Dam Rd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.61
Single-Family Home
$1,050,000
02/20/26
4
4.5
5,169
0.87
Single-Family Home
$445,000
10/27/25
3
2.5
1,843
1.03
Single-Family Home
$201,000
07/06/26
3
2
1,328
1.13
Single-Family Home
$315,000
12/18/25
3
2
2,153
1.52
Single-Family Home
$270,000
01/05/26
3
2
1,662
1.08
Single-Family Home
$380,000
12/02/25
3
2.5
2,536
1.14
Single-Family Home
$345,000
11/07/25
3
2.5
1,608
0.82
Single-Family Home
$530,000
12/15/25
3
2.5
3,026
1.06
Single-Family Home
$395,000
11/05/25
3
2.5
2,340
1.06
Single-Family Home
$407,631
10/13/25
3
2.5
2,018

Nearby homes

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Assigned Schools

These are the assigned schools for 515 E Monroe Dam Rd.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Smithville-Sanders

At least 4 Trulia users voted on each feature.
  • 100 % Say it's quiet

  • 100 % Say car is needed

  • 90 % Say there's wildlife

  • 89 % Say people would walk alone at night

  • 88 % Say parking is easy

  • 86 % Say there's holiday spirit

  • 71 % Say streets are well-lit

  • 52 % Say neighbors are friendly

  • 50 % Say it's dog friendly

  • 50 % Say kids play outside

  • 33 % Say yards are well-kept

  • 30 % Say it's walkable to grocery stores

  • 25 % Say they plan to stay for at least 5 years

  • 14 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Cmossbrucker
    "Country setting quiet private neighborhood. Feel very safe and know my neighbors. Great place to raise kids"
  • Karishelton1993
    "Dog etiquette necessary but animal friendly. Lots of dogs. People walking both big dogs and little dogs."
  • Rose B.
    "Quick access to I-69 into and out of Bloomington. Public transportation is reliable but only in the downtown areas"
  • Lori P.
    "I loved living at the Pointe. I got the resort amenities 3 seasons out of the year and all the cultural opportunities of being near a college town."
  • Gearry C.
    "Beautiful area surrounded by mature trees and a great golf course!"

LGBTQ Local Legal Protections

Christopher Fahy, Berkshire Hathaway Home
Agent Phone: (317) 847-6203
Based on information submitted to the MLS GRID as of 2026-07-31 10:43:10 PDT. 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. Click here for more information
515 E Monroe Dam Rd, Bloomington, IN 47401 is a 3 bedroom, 2 bathroom, 1,560 sqft single-family home built in 1989. 515 E Monroe Dam Rd is located in Smithville-Sanders, Bloomington. This property is currently available for sale and was listed by MIBOR as distributed by MLS GRID on Jul 31, 2026. The MLS # for this home is MLS# 22117546.