$59,900

5139 Peggy Hollow Rd Shoals, IN 47581

Estimated payment $366/month

Total Views 450
4.92 Acres
$12,175 Price per Acre
214,315 Sq Ft Lot

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

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
  • Year Taxes Payable: 2025
  • Special Features: None

Exterior Features

  • Road Frontage: County

Schools

  • School District: Shoals Community School Corp.
  • Elementary School: Shoals Community
  • Middle School: Shoals Community
  • High School: Shoals
  • 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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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 Change Sq Ft Price
08/25/2025 08/25/25 For Sale $59,900 -- --
Source: Indiana Regional MLS

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Source: Indiana Regional MLS

MLS Number: 202534019

Indiana Regional MLS

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