5540 N Zander TRL Martinsville, IN 46151 New

UPDATED: 10/16/2026 10:18 PM ON MARKET: 9 days on market

$6,190,000

4 Beds5 Baths4,704 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,704 sqft

Price per Sqft $1,315

Subdivision No Subdivision

MLS Listing ID 22131252

Bedrooms 4

Full Baths 3

Half Baths 2

HOA Y/N No

Year Built 2023

Tax Year 2025

Lot Size 231.700 Acres

Acres 231.7

Property Sub-Type Single Family Residence

Property Description

This report evaluates one of the most thoughtfully developed private estates in Morgan County, Indiana - a 231.70-acre multi-parcel legacy property assembled and improved over many years by the owners with a well designed plan. This is not a standard land transaction. Every structure, utility, road, fence line, and improvement on this property reflects deliberate, long-term vision. The result is a property that genuinely cannot be replicated - not because of hyperbole, but because the combination of 185+ acres of enrolled classified forest, bespoke residential infrastructure, world-class garage and equestrian facilities, buried utilities throughout, gated security, and a secondary residence on a single contiguous holding in this location simply does not come together in this form anywhere else in Morgan County. The property is anchored by a 4,704 SF custom residence with Amish-crafted interiors, two heated garages totaling 6,400 SF including RV accommodation, a heated saltwater pool, and outdoor living facilities - all supported by municipal water, fiber optic internet, 400-amp electrical service, and a 65,000KW Cummins generator. A 1,512 SF secondary residence on its own 3.80-acre parcel with fenced pastures adds significant utility and rental or multi-generational living potential. The equestrian and agricultural infrastructure - a 160'x72' multi-purpose barn with covered arena, five horse stalls, three two-stall stables, and seven freeze-proof automatic waterers - rivals dedicated equestrian facilities found on properties asking considerably more in other Indiana markets. The 185.17 acres of Classified Forest & Wildlands Program enrollment provides meaningful annual tax benefit and signals long-term stewardship intent - a feature that conservation-minded buyers, lifestyle estate buyers, and family compound buyers will specifically seek out and pay a premium for.


Digital Millennium Copyright Act – DMCA Notice Based on information submitted to the MLS GRID as of 10/22/2026. 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.