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Sitting down a long private driveway after a 2 1/2 mile drive back on a 1 lane road with a park like setting filled with wildlife and Yellowstone setting. This rustic ranch home is overlooking 50+ acres of Madison Hills Lake in your backyard. 2BR could be 3BR if you converted the pool room. Almost 20 acres of fenced pasture and woods with approx. 2 1/2 acre beautiful deep stocked pond in the side pasture with views from the gazebo. Storage shed along has its own electric panel for additional RV hookups with water so family campground in backyard. The drive into your home on a one lane road 2 1/2 miles back is like going thru Yellowstone Park with creek, turkeys and deer crossing your lane on the drive back to your driveway. 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. Newer built carport barn for storing all your toys and then the additional farm barn with stalls. 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. Seller will consider splitting home and workshop with 3 acres with access to lake for a lesser price of $350,000. Seller will possibly help with buyer financing with large enough down. Additional 17 acres with lake access and 2 1/2 acre very deep stocked pond built 3 years ago has its own electric and could get easement rights from the well from house because it is a very good well if split off but seller will not sell land before house selling and prefers to sell all together. Broker owned.
Property Type(s):
Single Family
| Last Updated | 1/28/2026 | Tract | No Subdivision |
|---|---|---|---|
| Year Built | 1977 | Community | 6716 - Putnam - Madison |
| Garage Spaces | 4.0 | County | Putnam |
SCHOOLS
| Elementary School | Cloverdale Elementary School |
|---|---|
| Jr. High School | Cloverdale Middle School |
| High School | Cloverdale High School |
Price History
| Prior to Dec 9, '25 | $1,000,000 |
|---|---|
| Dec 9, '25 - Jan 28, '26 | $975,000 |
| Jan 28, '26 - Today | $900,000 |
Additional Details
| AIR | Heat Pump |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Oven, Refrigerator |
| AREA | 6716 - Putnam - Madison |
| BARN/EQUESTRIAN | Yes |
| CONSTRUCTION | Wood Siding |
| EXTERIOR | RV Hookup, Storage |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Electric, Heat Pump, Wood |
| INTERIOR | Breakfast Bar, Eat-in Kitchen, Pantry |
| LOT | 19.57 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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