- 5 beds
- 5 baths
- 8,652 sqft
- ~1/2 acre lot
- $213 per sqft
- 1997 build
One-of-a-Kind Waterfront Retreat on Waterstone Lake Discover the perfect blend of luxury, comfort, and lakefront living in this extraordinary 5-bedroom home, ideally positioned on the shores of the main lake in sought-after Waterstone. With captivating water views from nearly every room, this home is truly one of a kind. Inside, you'll find an impressive layout featuring five spacious bedrooms plus a HUGE bonus room-currently outfitted with eight full-size beds for the owner's grandchildren. It's an ideal space for slumber parties, game nights, or simply a fun and flexible hangout zone. The completely remodeled walk-out basement is a showstopper, boasting a state-of-the-art Triphase system, a custom theatre room, expansive bar with oversized island, game room, and ample storage. Whether entertaining guests or relaxing with family, this lower-level oasis has it all. The updates throughout the home are too numerous to list-you truly must see them to appreciate the attention to detail. Every bathroom has been thoughtfully renovated, the interior has been freshly painted, and all major mechanicals have been updated in recent years. Stunning new lighting fixtures and soaring vaulted ceilings fill the home with warmth and natural light. Step outside to enjoy a fully reimagined exterior with professional landscaping and an incredible outdoor living space, complete with an automatic pergola system-perfect for hosting lakeside gatherings or quiet morning coffees. And don't forget the private boat dock, giving you instant access to lake life right from your backyard. Located in one of Carmel's most desirable neighborhoods, Waterstone offers resort-style amenities including three community pools, tennis courts, a clubhouse, and a picturesque 2-mile jogging trail that winds around the main lake. This is more than a home-it's a lifestyle. Schedule your private tour today and experience the magic of lakefront living in Waterstone.
Last checked:
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Checking…
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Last updated Jun 8, 2025
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MLS# 22042345 —
The Building
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Year Built:1997
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New Construction:false
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Construction Materials:Brick
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Architectural Style:TraditonalAmerican
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Foundation Details:Concrete Perimeter
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Levels:Two
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Basement:true
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Basement:Ceiling - 9+ feet, Daylight/Lookout Windows, Walk Out
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Exterior Features:Sprinkler System
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Patio And Porch Features:Deck Main Level, Open Patio
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Accessibility Features:No
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Green Certification:No
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Upper SqFt:2191
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Building Area Total:9573
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Below Grade Finished Area:2762
Interior
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Rooms:10
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Rooms Total:14
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Rooms Total:10
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Interior:Living Room - 2 Story
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Interior Features:Attic Access, Breakfast Bar, Built In Book Shelves, Raised Ceiling(s), Vaulted Ceiling(s), Center Island, Central Vacuum, Entrance Foyer, Hardwood Floors, Hi-Speed Internet Availbl, Pantry, Surround Sound Wiring, Wet Bar
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Other Equipment:Heat Sensor, Multiple Phone Lines, Security Alarm Monitored, Smoke Alarm, Sump Pump
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Eating Area:Breakfast Room
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Fireplaces Total:2
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Fireplace Features:Gas Log, Great Room, Hearth Room
Room Dimensions
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SqFt:5890
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Main Level SqFt:3699
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Living Area:8652
Location
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Directions:GPS Friendly
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Latitude:39.965862
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Longitude:-86.087369
The Property
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View:true
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Attached:false
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Parcel Number:291033021021000018
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Acres:1/4-1/2 Acre
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Lot Features:On Trail, Mature Trees
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Lot Size Acres:0.45
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Lot Size SqFt:19,602 Sqft
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Price Per Acre:4111111
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Horse Amenities:None
Listing Agent
- Contact info:
- Agent phone:
- (317) 339-6097
- Office phone:
- (317) 844-5111
Taxes
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Tax Lot:94
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Tax Year:2024
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Tax Exemptions:Homestead Tax Exemption
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Semi Annual Property Tax Amt:6083
Beds
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Beds:4
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Bedrooms:4
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Bedrooms Total:5
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Main Level Bedrooms:1
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Primary Bedroom Description:Closet Walk in
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# of Bedrooms Upper:3
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# of Bedrooms Basement:1
Baths
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Baths:5
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Full Baths:4
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Full Baths:3
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Half Baths:1
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Half Baths:1
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Full Baths Main:1
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Half Baths Main:1
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Full Baths Upper:2
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Full Baths Basement:1
The Listing
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Virtual Tour Unbranded:
Heating & Cooling
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Heating:Dual, Forced Air, Natural Gas
Utilities
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Utilities:Cable Connected
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Water Source:Municipal/City
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Solid Waste:No
Appliances
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Appliances:Gas Cooktop, Dishwasher, Down Draft, Disposal, Gas Water Heater, Double Oven, Refrigerator, Trash Compactor, Water Softener Owned
Schools
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High School District:Carmel Clay Schools
The Community
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Subdivision Name:Windpointe
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Association Amenities:Pool
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Association Fee Frequency:Quarterly
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Association:true
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Association Fee:330
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HOA Disclosures:Covenants & Restrictions,Transfer Fee
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Association Fee Includes:Association Home Owners, Clubhouse, Entrance Common, Maintenance, ParkPlayground, Management, Snow Removal, Tennis Court(s)
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Management Company Name:Kirkpatrick
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Ownership Interest Types:Mandatory Fee
Parking
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Parking Features:Attached
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Garage:true
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Garage Spaces:3
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Garage & Parking:Keyless Entry
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Garage SqFt:957
Monthly cost estimate

Asking price
$1,850,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$9,906
|
Taxes | $1,013 |
Insurance | $508 |
HOA fees | $110 |
Utilities | $256 See report |
Total | $11,793/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/5/25
Jun 5, 2025
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Listed / Active | MIBOR | $1,850,000 | 121.6% (7.4% / YR) |
12/12/08
Dec 12, 2008
|
MIBOR | $835,000 |