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Browse All Morgantown IN Between $500K - $600K Properties for Sale

$500,000
2 Beds 2 Baths 22097942 MLS
Escape to peaceful country living with this unique pole barn-style home set on 10 scenic acres featuring wooded areas, a small pond, and a creek with a tractor-access bridge. Built with quality craftsmanship, this energy-efficient home offers exceptionally low utility costs thanks to spray foam-insulated walls and 4" foam in the rafters. Stay cozy year-round with a wood stove. Inside, you'll find an inviting open floor plan with a spacious main-level bedroom and a private primary suite upstairs complete with an en-suite bath. Relax and take in the surroundings from the large front porch. This property is ideal for those seeking a farm or homestead lifestyle. Equestrian and agricultural features include a 30x40 pole barn for storage, a 3-stall horse barn with hay loft and tack area, multiple fenced pastures (including approximately 1/2-acre, 1/4-acre, and 2-acre sections), a round pen for training, a run-in shelter, and a turnout area attached to the barn. A charming chicken coop makes raising fresh eggs easy, while the livestock barn-constructed with beautifully milled Amish wood-adds both function and character. Approximately one acre is tillable, and four acres include a creek, providing diverse land use opportunities. The property also features established fruit plantings, including a Golden Cling peach tree, Honeycrisp apple tree, and two blueberry bushes. Whether you're looking to start a hobby farm, enjoy equestrian pursuits, or simply unwind in a private rural setting, this versatile property offers endless possibilities.

9278 E Cooper Road, Morgantown

$540,000
2 Beds 2 Baths 202613834 MLS
Lost & Found Cabin offers a rare opportunity to own a true Brown County log home with a Tourist Rental Exception already in place. Although it has not been used as a short-term rental since 2019, the exception remains, and the current owners hold a valid permit—allowing you to begin renting immediately. Set on 5 private wooded acres, this custom-built log cabin blends rustic charm with modern updates. Enjoy peaceful views from every window, relax on multiple decks, or unwind in the hot tub surrounded by nature. Inside, you'll find hardwood floors, exposed beam ceilings, poplar hardwood doors and trim, mortise locks and hardware, custom hardwood countertops, and two gas log fireplaces—one in the living room and one in the primary bedroom. The finished basement expands the home’s functionality and entertainment space, featuring a pool table along with additional sleeping options including a Murphy bed and sleeper sofa—ideal for guests or short-term rental flexibility. The home is being sold fully furnished, including all kitchen dishes, cookware, and essentials, making it truly turnkey. Recent updates include a beautifully renovated kitchen, new stainless steel appliances, new mini-split heating and cooling units throughout the home (including the garage), and updated basement flooring. Outdoor living is just as inviting, with both a gas fire pit and a wood-burning fire pit for year-round enjoyment. The 30' x 40' detached garage offers excellent versatility with new windows, an upper-level storage area, and a 30' x 15' finished room perfect for a workshop, studio, gym, or hobby space. A low-maintenance metal roof adds peace of mind, and additional inclusions such as a generator, extra freezer in the garage, and Traeger grill further enhance the value. If you've been dreaming of a private cabin in the woods with income potential, modern comforts, and authentic Brown County character, Lost & Found Cabin is a must-see.

2150 Echo Lake Lane, Morgantown

$540,000
2 Beds 2 Baths 22095872 MLS
Lost & Found Cabin offers a rare opportunity to own a true Brown County log home with a Tourist Rental Exception already in place. Although it has not been used as a short-term rental since 2019, the exception remains, and the current owners hold a valid permit-allowing you to begin renting immediately. Set on 5 private wooded acres, this custom-built log cabin blends rustic charm with modern updates. Enjoy peaceful views from every window, relax on multiple decks, or unwind in the hot tub surrounded by nature. Inside, you'll find hardwood floors, exposed beam ceilings, poplar hardwood doors and trim, mortise locks and hardware, custom hardwood countertops, and two gas log fireplaces-one in the living room and one in the primary bedroom. The finished basement expands the home's functionality and entertainment space, featuring a pool table along with additional sleeping options including a Murphy bed and sleeper sofa-ideal for guests or short-term rental flexibility. The home is being sold fully furnished, including all kitchen dishes, cookware, and essentials, making it truly turnkey. Recent updates include a beautifully renovated kitchen, new stainless steel appliances, new mini-split heating and cooling units throughout the home (including the garage), and updated basement flooring. Outdoor living is just as inviting, with both a gas fire pit and a wood-burning fire pit for year-round enjoyment. The 30' x 40' detached garage offers excellent versatility with new windows, an upper-level storage area, and a 30' x 15' finished room perfect for a workshop, studio, gym, or hobby space. A low-maintenance metal roof adds peace of mind, and additional inclusions such as a generator, extra freezer in the garage, and Traeger grill further enhance the value. If you've been dreaming of a private cabin in the woods with income potential, modern comforts, and authentic Brown County character, Lost & Found Cabin is a must-see.

2150 Echo Lake Lane, Morgantown

$530,000
2 Beds 2 Baths 22087943 MLS
This beautifully remodeled rustic ranch home is located well off the beaten path for ultimate privacy. The 1,935 sq ft main home offers character, comfort, and landscaped outdoor living areas including an in-ground pool, beautiful timber-frame gazebo with Brown County stone outdoor fireplace and retaining walls, and multi-level covered and open decks. The 480 sq ft guest house with full kitchen and bath is an ideal sanctuary-within-a-sanctuary offering its own stone fireplace and beautiful wood floors. It could be an artist studio or income-producing apartment. The main house features a large great room with Brown County stone fireplace that creates a warm and inviting focal point in the main living area, a separate wood-burning stove, classy contemporary ceiling fans, and skylights for added natural light. Just off the great room, the dining and sunroom areas offer a bright space for gathering and enjoying meals leading to an expansive deck off the side of the home offering views of the surrounding property. Additionally, there's a 3-seasons room and deck on the front side. Two bedrooms provide private spaces on opposite sides of the home, each with sitting areas for personal sanctuary. The updated kitchen and breakfast areas offer all the modern conveniences while complementing the home's timeless character overlooking, and providing access to, the pool and outdoor living spaces. Sit just outside the kitchen on the deck with your morning coffee. Cool off during warm summer days in the outdoor pool, gather with friends and family on the pool deck or gazebo, and enjoy the peaceful rural setting that surrounds the property. Situated on 5 acres, the property offers privacy, room to explore, and plenty of opportunities to enjoy the outdoors while still being within a short drive of Nashville, Bloomington, and Indianapolis. Thousands of acres of Yellowwood State Forest, Morgan/Monroe State Forest and Lake Lemon are nearby.

4709 Bear Creek Church Road, Morgantown

$530,000
3 Beds 3 Baths 22041131 MLS
Welcome to your dream retreat at 5821 Bittersweet in Morgantown! This stunning 3-bedroom, 3-bathroom lakefront home offers over 300 feet of pristine shoreline on one of southern Indiana's most beautiful lakes. Step inside this home and immediately feel the connection to nature with views of the sparkling water. The thoughtful layout provides comfortable living spaces perfect for gatherings or peaceful relaxation. The outdoor amenities are truly exceptional. Enjoy morning coffee or evening sunsets from your choice of two spacious decks or two inviting porches. For water enthusiasts, two private docks provide easy lake access, while the boat house keeps your watercraft protected year-round. The property feels like your own personal state park with meticulously maintained grounds surrounding the home. Additional structures include a practical workshop and storage shed, giving you plenty of space for projects and equipment. This Brown County gem is ideal for those seeking a permanent residence with vacation-like amenities or the perfect weekend getaway. Imagine summers spent swimming, boating, and fishing right from your backyard, or autumn evenings watching the colorful foliage reflect on the water. Don't miss this rare opportunity to own an exceptional lakefront property with everything you need for the ultimate family retreat. This complete package offers privacy, natural beauty, and endless recreation possibilities all in one spectacular location.

5821 Bittersweet Road, Morgantown

$575,000
4 Beds 3 Baths 21985879 MLS
Do you like country living? Do you like to hunt or fish? If so, this original owner home may be PERFECT for you! Enjoy the days exploring almost 15 wooded acres. Enjoy fishing in the shared lake. The minute you turn into the driveway, you are taken into a wooded paradise that leads you to a spacious 3 bedroom, 3 bathroom home that features a basement apartment/in law quarters. The walk out basement features an additional small kitchen, a full bathroom, and rooms that can easily be used as a bedroom and a family room, along with a garage and a spacious storage room. As you walk up to the home, you are greeted by an expansive front porch that looks out over the property. The front porch is perfect for spending time enjoying the seclusion of the surrounding woods. Hours can be spent camping, fishing at the lake, or exploring the trails whether by foot or by an all terrain vehicle. The 4+ car detached garage has all the room you need for your projects and all terrain vehicles. The home features a split bedroom floor plan. The primary ensuite includes a jetted tub to soak and relax in after a long day of exploring. The living room, primary bedroom, dining room and hallway features knotty pine floors. The kitchen and bathrooms feature ceramic tiles. All rooms and kitchen cabinets have been freshly painted. The AC was replaced in 2023 and sump pump within the last month. Along with propane heat, home has a supplemental wood furnace. NO HOA!!!

7730 W 125 S, Morgantown

$494,000
3 Beds 3 Baths 202417224 MLS
If you're looking for a quality built home situated on a picturesque lot surrounded by nature, be prepared to fall in love! This three bedroom, two and a half bath home with tons of charm and character features Brown County sandstone, a stocked one acre pond with floating dock visible from the kitchen, multiple decks and a screened porch with breathtaking wooded views in every direction, an oversized two car garage, and a detached workshop/art studio with concrete slab floor, skylights, heat, shelving galore, and a small deck off the back. This 3.14 acre property is tucked away on a dead end street, surrounded by woods; the home was designed by the late Gerald Boyce, a well known local artist and professor of art history. Mr. Boyce brought his creativity and love of nature into every space, both inside and out. All three bedrooms are located on the main level as well as the laundry room and two full baths. Upstairs was once the art studio and so much potential awaits the new buyer for this space. The lower level is partially finished with a family room, recreation room, workout/craft room, and half bath (which is plumbed for a shower). There's also TONS of space for storage, canning, etc. as the unfinished portion of the lower level has a sink and the space to let your imagination run wild. At the entrance to the property there's a fenced organic garden belonging to the original owner's family and they would love to share their garden with the new buyer. Bird enthusiasts will enjoy the over 115 species that have been counted and enjoyed by the late Mrs. Boyce. For those who love to fish, the pond is stocked with sunfish, bluegill, and large mouth bass. All of this PLUS HIGH SPEED FIBER OPTIC INTERNET OFFERED BY SCI REMC. Points of Interest: The property has been subdivided within the past year and all property corners are staked. The first few feet of the entrance to the property is part of a wildlife nature preserve and is owned by the original owner's family who reside on the same road. The sellers are leaving the firewood that is nicely split and stacked between the workshop and the house. They also plan to convey the washer and dryer with the sale at no additional cost. All shelving and window treatments also stay.

8546 E Oakwood Lane, Morgantown

$540,000
5 Beds 3 Baths 21939976 MLS
Welcome to your new home in beautiful Morgantown Indiana! This place truly has it all. As you drive onto the property, you're greeted by the large fishing pond complete with fountain. Stepping inside this charming 5-bedroom,3-full bath Ranch-style home prepare to be amazed. The home has been lovingly renovated from top to bottom, creating an inviting atmosphere. From new windows to the walls, from the electrical to the plumbing, from the ductwork to the roof - everything is new, providing you with peace of mind and comfort for years to come. The spacious owner's suite has a walk-in closet, double sinks, and a relaxing soaker tub and separate shower. And let's not forget the attached all-seasons room, the space is filled with natural light from the new windows, offering a seamless transition to the inviting back deck and pool area. With four additional nicely sized rooms and a conveniently located laundry room, this home is designed with both practicality and comfort in mind. The new open-concept living, dining, and kitchen area, complete with a cozy fireplace, provides the perfect backdrop for gatherings with friends and family, allowing everyone to spread out and relax. Step back outside and discover your very own country oasis, spanning two and a half acres. A new 1800-square-foot Amish-built barn/workshop awaits, equipped with everything you need for your hobbies and projects, including a built-in compressor, welder, 2-post car lift, and even a private office. For your furry friends, there's a small barn with a large attached fenced-in area. And when it's time to unwind, take a dip in the 11,000-gallon above-ground saltwater pool, complete with a new liner and mechanicals, or simply relax on the newly built deck off the sunroom. Additional upgrades such as a new backup generator, new gutters, a new crawl space with multiple sump pumps, new metal roof and a new well pressure tank further enhance the appeal of this remarkable property!

7393 W 50 South, Morgantown

$480,000
3 Beds 2 Baths 202340887 MLS
This is a great opportunity to own a Brown County investment property that is turnkey, including all furnishings, future bookings, and a 4.98 rating on Airbnb with SuperHost status! Nestled on 12.5 stunning wooded acres, this 3-bed, 1.5 bath farmhouse is an ideal retreat. Whether you're seeking an investment property, permanent residence, or a second home getaway, this property is a must-see. Step inside to a spacious family room featuring vaulted, beamed ceilings and a cozy wood-burning fireplace. The fully remodeled eat-in kitchen boasts updated stainless steel appliances, a gas range, and loads of cabinet space. The main floor also houses a generous primary suite, second bedroom, and convenient laundry area adjacent to the kitchen. Oak hardwood floors and natural light make the entire space warm and inviting. Upstairs you'll find a third bedroom and large loft, the perfect space for a game area or home office. The property offers endless outdoor amenities, including three decks, an updated fire pit, well-maintained walking trails, and access to Beanblossom Creek. The detached two-car garage and workshop add flexibility and storage space. Recent updates include kitchen, bathroom, and living room remodels; fresh exterior paint; crawlspace sealing; new furnace, a/c, tankless hot water heater, and washer/dryer - all less than 2 years old; and a brand new septic system. A true slice of paradise in Brown County!

399 Sr-45, Morgantown

$547,200
3 Beds 3 Baths 21949735 MLS
25 ACRES IN BEAUTIFUL BROWN COUNTY!!! This custom built home is situated on 25 acres complete with a pond, pole barn, and additional work shop with loft. Geothermal heating will save the new owner(s) money on utility costs for years to come! As you enter the front door you are greeted with soaring 12 ft ceilings and a fireplace. The road/drive to the pond has just been reworked with new stone in place. There is a deck off of the Primary Bedroom and a screened porch accessible from the Great Room. A large built in cabinet in the great room perfect for china, etc. The interior of the home has been professionally painted and new luxury vinyl flooring has been installed on the entire main level of the home. New LED lighting has been installed throughout the home adding to the luxury feel of this gorgeous home. The Primary Suite has an over sized bath with a walk in shower as well as a ceiling fan. Large concrete patio on the main level is great for entertaining or family gatherings. Along with the fireplace on the main floor, there is a wood burning stove in the basement. The basement has a new ceiling, new LED lighting, and fresh paint. 3rd bedroom is in the basement and does not have a permanent door in place as the original owner wanted an open feel. There is room for a 4th bedroom in the basement if desired. The built in, 2 car garage also has new paint and plenty of room for projects or storage. Laundry room can either be located in the basement or on the main level. The covered front porch is complete with a swing to sit and enjoy the fall colors. The main level has an area that has been roughed in for a gourmet kitchen and is waiting for the new owner to design/complete if they choose to do so after closing. There is a fully functional kitchen on the lower level. The attic has sub floor and could possibly be finished and used as addt'l living area. This property is a rare find and won't last long. Please allow 48 hour response time.

3892 W Cooks Hill Road, Morgantown

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Between $500K - $600K Morgantown Real Estate

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