Listing courtesy of Home Team Properties · Listing agent: Rob Ranard · Office: 844-821-6051

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ActiveUnimproved Land

127 Walnut Road

$54,900

Spencer, IN 47460Four Oaks

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Lot
0.37 ac
Type
Unimproved Land
Listed
October 24, 2025
MLS #
202543242

About this home

Picture your future home taking shape on this beautiful, level .37-acre lot at 127 Walnut Road in the Four Oaks community. With utilities and fiber internet available, you’re well positioned for a seamless custom build. This build-to-suit opportunity - with no spec homes permitted - ensures a neighborhood filled with thoughtfully designed, well-crafted homes created specifically for the people who live there. Life at Four Oaks is about enjoying a slower pace and a stronger sense of connection. Residents have access to a private lake with a scenic walking trail, a neighborhood dog park, a welcoming community clubhouse, sidewalks, and open green spaces that encourage time outdoors. Conveniently located just minutes from schools, shopping, and local dining and a short drive to Bloomington, this setting offers the perfect balance of peaceful living and everyday convenience. Put down roots, enjoy the surroundings, and build the home you’ve always envisioned at Four Oaks.

Property details

Waterfront & lake

Waterfront
No
Waterfront features
Pier/Dock Available, Walk to Lake Access

Lot

Subdivision
Four Oaks
Lot size (acres)
0.37 ac
Lot dimensions
Irregular
Location type
Subdivision,Rural
County
Owen County
Township
Washington
Current use
Residential
Road frontage
Private Road
Road surface
Gravel
Road maintained by
County
Lots
34
Price per acre
$148,378
Easements
Yes
Restrictions
Restrictions,Sidewalk Required,SqFt Restrictions,Building Restrictions,Covenants
Platted
Yes
Planned unit development
Yes
Directions
From Spencer, head east on Hwy 46, turn right onto Hwy 43. Go 0.6 miles and turn left onto White Oak Rd. Turn left onto Pin Oak Rd. Turn Right on Walnut St. The property is the 2nd lot on the right.

Schools

Elementary school
Mccormicks Creek
Middle school
Owen Valley
High school
Owen Valley
School district
Spencer-Owen Community Schools

HOA & community

HOA fee
$300
HOA fee frequency
Annually

Taxes & terms

Tax exemptions
No Exemptions
Listing terms
Cash, Conventional
Possession
DOFC
Parcel number
60-10-26-300-370.134-027

Utilities

Water
City
Sewer
City
Electric
Available
Fuel
Gas
Electric provider
South Central REMC
Gas provider
Community NatGas(Spencer)
Water provider
BBP

Location

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$54,900