3 wooded parcels, 2 private lakes & 1 rare opportunity to create your own Painted Hills retreat. Bring your renovation vision to this fixer upper offering 1.08 acres across 3 parcels in Martinsville's most distinctive private lake community. You'll find mature trees, a peaceful creek, added privacy & limited views of neighboring homes without sacrificing the lake lifestyle. Enjoy vacation style living every day at a fraction of the price in Painted Hills. Inside, the main level offers a living room, bedroom, laundry, kitchen & half bath. Upstairs features a spacious loft with double doors leading to the wraparound porch, 1 full bathroom & a primary bedroom with its own private porch overlooking the wooded backyard. When you're ready to play, spend your days boating, fishing, swimming & making memories on the 2 stocked private lakes. Lake Nebo is a 46 acre no wake lake perfect for fishing, swimming, kayaking, paddleboarding & relaxing. Lake Holiday is 150 acres offering plenty of room for skiing, tubing & wakeboarding. When you're ready to come off the water, head to the private clubhouse with a restaurant & bar. Dock up, play a game of pool, grab some food & drinks while you take in beautiful sunset views over the lake or swim in the community pool. Additional amenities include a beach, playground, dog park, tennis, basketball, pickleball, volleyball, horseshoes, outdoor grill, fireplace & private events creating the perfect setting for recreation. Conveniently positioned between both lakes, the home is approximately 2 minutes from the boat ramps, clubhouse & playground. Cedar Creek Winery, Brewery & Distillery is nearby, offering outdoor concerts & live music events all year. Busing options are available for both MSD of Martinsville & Indian Creek schools. The property is priced according to its current condition & offers an exceptional opportunity for buyers searching for a renovation project, wooded acreage, lake access, privacy & recreation in Morgan County.