5139 Peggy Hollow Rd Shoals, IN 47581
Estimated payment $277/month
About This Lot
PRICE REDUCED! Situated in southern Martin County’s Lost River Township, this 4.92± acre tract offers a compact recreational opportunity surrounded by the scenic terrain characteristic of this part of southern Indiana. The area is known for its blend of private holdings and vast stretches of Hoosier National Forest, providing landowners with nearby access to thousands of acres of public ground for hunting, hiking, and outdoor recreation. The property features approximately 425 feet of frontage along Peggy Hollow Road, a lightly traveled gravel county road. An established entrance with a stone base and culvert is already in place, though it is somewhat overgrown. The drive leads up to a flat bench in the topography that overlooks a stand of mature hardwood forest stretching northward. This area could serve as a natural site for a small camp or cabin. Utilities are conveniently available nearby. Daviess-Martin REMC provides electric service in the area, while Dubois Water Utilities serves rural water customers. An older camper remains at the original camp site, offering a starting point for someone looking to create a simple hunting camp or weekend retreat. Surrounded by mature timber and gently rolling hills, the property offers privacy and a wooded setting suitable for recreation or relaxation. Directly across Peggy Hollow Road lies an access trail into the Hoosier National Forest, providing immediate entry to thousands of acres of public land. The topography of this tract and the surrounding landscape includes a mix of benches, ridges, and hollows typical of southern Indiana’s hill country. Several game trails have been observed, with deer sign suggesting travel routes between the property and adjacent forested tracts. These features naturally lend themselves to hunting setups or wildlife observation. Although this property offers the feel of a remote getaway, it remains within a comfortable distance of nearby towns and amenities. The property is approximately 8 miles from Shoals, 11 miles from French Lick, 16 miles from Loogootee, 23 miles from Jasper, and 32 miles from Bedford. These communities provide convenient options for supplies, dining, and lodging during extended visits. Combining road frontage, available utilities, and direct proximity to Hoosier National Forest, this 4.92± acre property represents a practical option for those seeking a manageable tract with strong recreational appeal in the heart of southern Indiana’s outdoor landscape.
Listing Agent
Whitetail Properties Real Estate Brokerage Phone: 812-887-2954 Listed on: 08/25/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $480
Lot Details
- 4.92 Acre Lot
- Property fronts a county road
- Finished Lot(s)
Schools
- Shoals Community Elementary And Middle School
- Shoals High School
Farming
- Agricultural
Listing and Financial Details
- Assessor Parcel Number 51-11-28-400-014.000-005
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $509 | $35,100 | $27,900 | $7,200 |
| 2023 | $509 | $33,200 | $26,400 | $6,800 |
| 2022 | $446 | $31,700 | $25,500 | $6,200 |
| 2021 | $441 | $28,800 | $23,200 | $5,600 |
| 2020 | $386 | $26,600 | $21,300 | $5,300 |
| 2019 | $381 | $26,100 | $20,900 | $5,200 |
| 2018 | $383 | $26,200 | $20,900 | $5,300 |
| 2017 | $382 | $26,200 | $20,900 | $5,300 |
| 2016 | $377 | $26,200 | $20,900 | $5,300 |
| 2014 | $370 | $26,200 | $20,800 | $5,400 |
| 2013 | -- | $26,100 | $20,800 | $5,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/19/2025 11/19/25 | Pending | -- | -- | -- |
| 10/16/2025 10/16/25 | Price Changed | $44,900 | -21.9% | -- |
| 09/10/2025 09/10/25 | Price Changed | $57,500 | -4.0% | -- |
| 08/25/2025 08/25/25 | For Sale | $59,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document |
Source: Indiana Regional MLS
MLS Number: 202534019
APN: 51-11-28-400-014.000-005
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