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Enjoy the drive to home on a dead end 1 lane road 2 1/2 miles back, filled with wildlife and Yellowstone setting. This rustic ranch home is overlooking 50+ acres of Madison Hills Lake in the backyard. 2BR could be 3BR if you converted the pool room. Subject to survey but approximate 3.65+/- acres with fenced pasture. The eagles dropping to the lake to grab a fish and the bobcat cry or the howl of the coyotes is just outside your door, and the geese and bullfrogs will invite you in also. The white pelicans are a site to see in the Spring. High fiber Spectrum was just installed. Appliances stay with the home propane range. Electric Heat pump but woodstove/cook oven for back up or assistance heat. Kinetico water system. Garage/outbuilding could be finished out easily and has new wood stove. Alot of storage available and many possibilities. Raccoon Lake is not too far for additional fishing. Broker Owned. MUST BE ACCOMPANIED BY A REAL ESTATE BROKER. Additional 16.5+/- acres with large pond and outbuildings can be bought seperate later on a possible contract.
Property Type(s):
Single Family
| Last Updated | 7/1/2026 | Tract | No Subdivision |
|---|---|---|---|
| Year Built | 1977 | Community | 6716 - Putnam - Madison |
| Garage Spaces | 4.0 | County | Putnam |
Price History
| Prior to Apr 12, '26 | $800,000 |
|---|---|
| Apr 12, '26 - May 5, '26 | $750,000 |
| May 5, '26 - Jun 20, '26 | $725,000 |
| Jun 20, '26 - Jul 1, '26 | $700,000 |
| Jul 1, '26 - Today | $364,800 |
Additional Details
| AIR | Heat Pump |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Oven, Refrigerator |
| AREA | 6716 - Putnam - Madison |
| BARN/EQUESTRIAN | Yes |
| CONSTRUCTION | Wood Siding |
| EXTERIOR | Storage |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Electric, Heat Pump, Wood |
| INTERIOR | Breakfast Bar, Eat-in Kitchen, Pantry |
| LOT | 3.65 acre(s) |
| LOT DESCRIPTION | See Remarks, Waterfront, Wooded |
| PARKING | Detached, Gravel, RV Access/Parking, Storage, Workshop in Garage |
| SEWER | Septic Tank |
| STORIES | 1 |
| STYLE | Ranch |
| SUBDIVISION | No Subdivision |
| UTILITIES | Electricity Connected, See Remarks |
| VIEW | Yes |
| VIEW DESCRIPTION | Pasture, Pond, Rural, Trees/Woods, Water |
| WATER | Well, Private |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Lake Front, Pond, Waterfront |
Contact us about this Property
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Listed with Down Home Real Est & Auction
Listing information is deemed reliable, but not guaranteed.
© 2026 Metropolitan Indianapolis Board of REALTORS®
© 2026 Metropolitan Indianapolis Board of REALTORS®
This IDX solution is (c) Diverse Solutions 2026.
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