
5139 Peggy Hollow Rd Shoals, IN 47581
Estimated payment $366/month
About This Lot
Located in southern Martin County’s Lost River Township, this 4.92± acre property offers a small-scale recreational tract surrounded by the rugged landscapes that characterize this part of southern Indiana. The area is known for its mix of private lands and expansive tracts of Hoosier National Forest, providing access to thousands of acres of additional hunting and outdoor recreation opportunities nearby. The property offers approximately 600 feet of gravel County Road frontage along Peggy Hollow Road. Set just off the frontage, a 300-square-foot yard barn-style cabin sits perched on a bench in the topography and overlooks the hardwood forest stretching northward. While the structure is in need of repairs and updates, it provides a starting point for a small hunting camp or weekend getaway. Surrounded by mature hardwoods, the site offers a wooded and secluded setting. The terrain is typical of the region, featuring rolling hills and a mix of benches, ridges, and hollows. Several game trails were noted across the property, with signs of whitetail deer movement to and from the adjacent tracts of National Forest. The location creates natural opportunities for hunting setups or ambush sites. For those interested in additional recreation, the proximity to public land provides expanded options for hiking, hunting, or exploring. Although this tract offers the feel of a remote getaway, it remains within a reasonable distance of local towns and amenities. The property is approximately 17 miles from French Lick, 27 miles from Jasper, 30 miles from Loogootee, and 42 miles from Bedford. These communities provide access to lodging, dining, and supplies for extended stays. For those seeking a low-cost recreational retreat, this property offers the combination of road frontage, mature hardwoods, and adjacency to public lands. With some effort to improve the existing cabin or develop a simple camp setup, it could serve as a convenient base to enjoy the surrounding landscape and wildlife.
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 | Change | Sq Ft Price |
---|---|---|---|---|
08/25/2025 08/25/25 | For Sale | $59,900 | -- | -- |
Similar Properties in Shoals, IN
Source: Indiana Regional MLS
MLS Number: 202534019

APN: 51-11-28-400-014.000-005
- 12015 U S 150
- 12015 Us Highway 150
- 10901 E 990 Tract #1
- 10909 E 990 N Tract #2
- 0 Progress School Rd Unit 24306286
- TBD Progress School Rd
- 7870 Panhandle Rd
- 0 S County Road 1050 W Unit LotWP001
- 735 S County Road 1050 W
- 1 N Cuzco Rd N
- 11997 E State Road 56
- N Cuzco Road Lot Unit WP001
- N Cuzco Road Lot Unit WP002
- 2 N Cuzco Rd N
- 5 N Cuzco Rd N
- 10301 W County Road 75 S
- 4 N Cuzco Rd N
- 0 N Cuzco Rd Unit LotWP004 20260565
- at North Cuzco Rd N Unit LotWP001
- 8076 N Cuzco Rd N