$44,900
$15K PRICE DROP

5139 Peggy Hollow Rd Shoals, IN 47581

Estimated payment $279/month

Total Views 6,463
4.92 Acres
$9,126 Price per Acre
214,315 Sq Ft Lot

About This Lot

Located in the scenic southern part of Martin County, this 4.92 acre property in Lost River Township offers a compact recreational tract surrounded by the rugged and wooded terrain that defines this region of southern Indiana. The area is well known for its blend of private holdings and large expanses of Hoosier National Forest, giving property owners the opportunity to enjoy a quiet setting while maintaining access to thousands of acres of additional public land for hunting, hiking and outdoor exploration.The tract offers approximately 425 feet of gravel County Road frontage along Peggy Hollow Road. An established entrance is already in place, featuring a stone base and culvert, though it is currently somewhat overgrown. This entryway leads to the first flat bench in the property’s topography, offering a potential site for a small camp or cabin. The property’s elevation provides a vantage point overlooking the hardwood forest that extends northward.Utility services are available nearby, with Daviess-Martin REMC providing electrical service and Dubois Water Utilities supplying rural water to the area. An older camper remains at the original campsite, offering a possible starting point for a small hunting base or weekend retreat. Surrounded by mature hardwoods and set back from the main road, this property offers seclusion and privacy for those seeking a quiet place to enjoy nature.Directly across the county road is an access trail into the Hoosier National Forest, placing thousands of acres of public ground within easy reach. The surrounding landscape is characterized by rolling hills, ridges, and hollows typical of southern Indiana. Several game trails have been noted throughout the tract, with signs of whitetail deer travel between the property and the adjoining National Forest. These natural corridors provide opportunities for hunting setups and seasonal wildlife observation.In addition to hunting, the property’s proximity to public lands allows for a wide range of recreational pursuits, including hiking, camping and exploring. The terrain and natural cover make it well suited for those looking to enjoy the outdoors without the higher costs often associated with larger tracts of land.Although this property provides the feel of a remote hideaway, it remains within a reasonable distance of local amenities. The town of Shoals is approximately 8 miles away, while French Lick is about 11 miles, Loogootee 16 miles, Jasper 23 miles, and Bedford 32 miles. Each of these communities offers access to supplies, dining, and lodging for extended stays.Whether used as a small hunting property, weekend getaway, or a base camp for exploring nearby National Forest, this tract presents an affordable entry point into land ownership in a region prized for its natural beauty and outdoor opportunities. With a bit of cleanup and planning, the site could easily serve as a quiet retreat for those seeking recreation and relaxation in southern Indiana.

Listing Agent

Zach Holt

Whitetail Properties Real Estate Listed on: 08/20/2025

Whitetail Properties Real Estate
Listing Provided By

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $509

Lot Details

  • Current uses include hunting/fishing

Community Details

  • Campground in community

Property Details

Property Type

Land

Est. Annual Taxes

$509

Lot Details

0

Listing Details

  • Office Phone: 812-887-2954
  • Listing Website: https://www.land.com/property/4.92-acres-in-martin-county-indiana/24524871/
  • Property Type: Lot / Land
  • Property Sub-Type: Other
  • Offered By: LandNetwork
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Has Attic: No
  • Disability Access: No
  • Sprinklers: No

Condo/Co-op/Association

  • Amenities: Campground

Lot Info

  • Current Use: Hunting/Fishing

Multi Family

  • Utilities Available: Electric Avail On Site

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 -- --

Purchase History

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