$44,900
PENDING $15K PRICE DROP

5139 Peggy Hollow Rd Shoals, IN 47581

Estimated payment $277/month

Total Views 6,385
4.92 Acres
$9,126 Price per Acre
214,315 Sq Ft Lot

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

Zach Holt

Whitetail Properties Real Estate Brokerage Phone: 812-887-2954 Listed on: 08/25/2025

Whitetail Properties Real Estate

Co-Listing Agent

Kris Christianson

Whitetail Properties Real Estate Brokerage Phone: 812-887-2954

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

Property Details

Property Type

Land

Est. Annual Taxes

$480

Lot Details

0

Listing Details

  • Class: LOTS AND LAND
  • Property Sub Type: Agricultural Land
  • Legal Description: Lot 23 (4.92 Ac) Thompson Woods Subdivision
  • Parcel Number ID: 51-11-28-400-014.000-005
  • Platted: Yes
  • Road Access: County
  • Road Surface: Gravel
  • Parcel Description: Heavily Wooded, Irregular, Undeveloped, 3-5.9999
  • Structure Bldg Imprvmnts: Yes
  • Type Use: Agriculture, Residential, Camp/RV with Land, Recreational
  • Special Features: None

Exterior Features

  • Road Frontage: County

Schools

  • Elementary School: Shoals Community

Lot Info

  • Lot Dimensions: irregular
  • Estimated Lot Sq Ft: 214315
  • Estimated Lot Size Acres: 4.92

Tax Info

  • Annual Taxes: 480

MLS Schools

  • High School: Shoals
  • Middle School: Shoals Community
  • School District: Shoals Community School Corp.

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

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 -- --
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202534019

Indiana Regional MLS

APN: 51-11-28-400-014.000-005