Primary on Main
Address
5540 N Zander Trail, Martinsville, IN
Price
$ 6,190,000
Property Attributes
- MLS#22131252
- TypeSingle Family
- Listing Status Active
- CountyMORGAN
- CityMartinsville
- AreaGregg
- Zip46151
- StyleContemporary
- Year Built2023
- Taxes$ 5598
- Price$ 6,190,000
- Bedrooms4
- Full Bathrooms3
- Half Bathrooms2
- Sqr Footage4704
- Lot Size231.7 Acres
Data Source:
MIBOR Broker Listing Cooperative
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Monrovia Elementary School | Monrovia Middle School | Monrovia High School |
| Price History | |
|---|---|
| 10/15/2026 | Listed $6,190,000 |
General Features
| Heating | Electric,Hot Water,Radiant Ceiling,Radiant Floor |
|---|---|
| Cooling | Central Air |
| Utilities | Electricity Connected,Natural Gas Connected,Septic System,Water Connected |
| Possession | Negotiable |
| Appliances | Common Laundry,Gas Cooktop,Dishwasher,Dryer,ENERGY STAR Qualified Water Heater,Electric Water Heater,ENERGY STAR Qualified Appliances,Gas Water Heater,Exhaust Fan,Microwave,Gas Oven,Refrigerator,Wash |
| Garage Spaces | 4 |
| Patio/Porch Features | Breeze Way,Covered,Patio |
| Architectural Style | Contemporary |
| Pool Features | Heated,In Ground,Pool Cover,Salt Water |
| Security Features | 24 Hour Security,Building Security,Carbon Monoxide Detector(s),Closed Circuit Camera(s),Fire Alarm,Gated Community,Secured Garage/Parking,Security Gate,Security System,Security System Owned,Smoke Det |
| Construction Materials | Other |
| Year Built | 2023 |
| Electric | 200+ Amp Service |
| Township | Gregg |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Accessibility | Hallway - 36 Inch Wide,Accessible Approach with Ramp,Accessible Entrance,Accessible Full Bath |
| County | Morgan |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | No Subdivision |
| Garage Y/N | Yes |
| Other Structures | Outbuilding |
| Total Rooms | 11 |
| Full Baths | 3 |
| Status | Active |
| Directions | GPS Friendly |
| High School | Monrovia High School |
| City | Martinsville |
| High School District | Monroe-Gregg School District |
| MLS Area | 5507 - Morgan - Gregg |
| Lot Size Square Feet | 10092852 |
| Elementary School | Monrovia Elementary School |
| Property Attached Y/N | Yes |
| Current Financing | Exchange - 1031,Conventional,VA |
| Middle/Junior High School | Monrovia Middle School |
| Property Condition | Updated/Remodeled |
| Additional Parcels Y/N | Yes |
| Builder Name | Owner |
| Standard Status | Active |
| Tax Lot | 550804400001001010 |
| Virtual Tour | https://vimeo.com/1235954487?fl=tl&fe=ec&share=copy |
| Legal Description | S4 T12 R1w Pt Nw Se & Sw Se & Se Sw & Ne Sw 6.713 Ac |
Interior Features
| Interior Amenities | Bath Sinks Double Main,Breakfast Bar,Cathedral Ceiling(s),Kitchen Island,Entrance Foyer,Hi-Speed Internet Availbl,Eat-in Kitchen,Wired for Data,Pantry,Smart Thermostat,Walk-In Closet(s) |
|---|---|
| Total Fireplaces | 1 |
| Fireplace Features | Blower Fan,Gas Starter,Great Room |
| Basement (Y/N) | No |
| Half Baths | 2 |
| Laundry Features | In Unit,Common Laundry,Connections All,Laundry Closet,Laundry Room,Main Level |
| Total Bedrooms | 4 |
| Main Level Bedrooms | 2 |
| LivingAreaSource | Assessor |
| Total Baths | 5 |
Exterior Features
| Exterior Amenities | Barn Pole,Storage,Carriage/Guest House,Outdoor Kitchen,RV Hookup,Storage Shed,Water Feature Fountain |
|---|---|
| Fencing | Chain Link,Partial,Privacy,Gate,Security |
| Parking Features | Attached,Detached |
| Lot Features | Not In Subdivision,Rural - Not Subdivision,Mature Trees,Trees-Small (Under 20 Ft),Wooded |
| Water Source | Public |
| Foundation Details | Full,Poured Concrete |
| Building Area Total | 4704 |
| Lot Size Acres | 231.7 |
| Waterfront Y/N | No |
| Other Equipment | Farm Equipment,Generator,Livestock Equipment,Other,Security System,Security System Owned,Smoke Alarm |
| Horse Amenities | Arena,Barn,Boarding Facilities,Corral(s),Hay Storage,Pasture,Riding Trail,Stable(s),Tack Room,Trailer Storage,Wash Rack |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 46151
Price
Taxes
Year Built
Visits
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than NextHome Wilson Real Estate Services are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker.
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MIBOR REALTOR® Association All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome Wilson Real Estate Services may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Last Updated: November 6, 2026 4:56 PM UTC
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than NextHome Wilson Real Estate Services are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other
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. IDX information is provided by the Indiana Regional MLS. Information last updated on November 6, 2026 5:06 PM UTC
Heart of Kentucky Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may
