8649 Bay Colony Drive

Indianapolis, IN
$ 1,099,000 Beds 3 Baths 3 Sq 5,078 Virtual Tour
Monthly Estimate* How much can I afford?

Discover lakeside living at its finest in the prestigious Bay Colony community on Eagle Creek Reservoir. This stunning 3-bed, 4-bath (2 Full/2 half) home offers over 5,000 sq ft of beautifully appointed living space on a rare 1-acre lot with direct water access. Beautiful Living Room with stone fireplace, wood ceiling and stunning floor, formal dining room, kitchen, breakfast room, laundry room and 3 car garage. Primary bedroom on main with a private deck and fireplace, attached bath with spa tub, separate tiled shower, double vanities and large walk-in closet. 1/2 bath and Office w/built-ins rounds out this well appointed first floor. Down 1 level leads to Family room w/fireplace, bar, storage, 1/2 bath and 2 large bedrooms with Jack & Jill bath. Down another level brings you to an in-home gym w/equip, theatre room, walk-out to back yard as well as an additional 2 car garage! Traditional architectural details blend with serene natural surroundings to create an inviting retreat just minutes from downtown Indianapolis. Bay Colony is a private, gated neighborhood known for its exclusive waterfront homes, mature trees, and peaceful setting. Experience the best of comfort, space, and scenery in this remarkable property.

Active

  • Price
  • $ 1,099,000
  • City
  • Indianapolis
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • MARION
  • Half Bathrooms
  • 2
  • Area
  • Pike
  • Lot Size
  • 1.03 Acres
  • Zip
  • 46234
  • Sqr Footage
  • 5,078
  • Year Built
  • 1984
  • Taxes
  • $ 17786
  • Style
  • Split Level,Traditional
  • MLS#
  • 22074264
Listed By: Vicki Reed with Keller Williams Indy Metro NE;
Data Source: MIBOR Broker Listing Cooperative

Features

General

Heating Forced Air,Heat Pump,Electric
Cooling Central Air
Utilities Natural Gas Available
Possession Closing
Appliances Dishwasher,Dryer,Disposal,Electric Oven,Refrigerator,Washer,Wine Cooler,MicroHood,Electric Water Heater,Water Softener Owned
HOA Fee 730
Garage Spaces 4
Association Fee Includes Clubhouse,Entrance Common,Insurance
Patio/Porch Features Deck
Architectural Style Split Level,Traditional
Construction Materials Stone,Wood Siding
Year Built 1984
View Water
Township Pike
Levels Multi/Split
Property Subtype Single Family Residence
Tax Year 2024
Waterfront Features Water Access,Dock
Assoc Fee Paid Per Semi-Annually
County Marion
New Construction No
Property Type Residential
HOA Yes
Subdivision Name Bay Colony
Facing Direction North
Garage Y/N Yes
Total Rooms 12
Full Baths 2
Status Active
Directions GPS Friendly
High School Pike High School
City Indianapolis
High School District MSD Pike Township
MLS Area 4902 - Marion - Pike
Lot Size Square Feet 44910
Spa Features Private
Elementary School Eagle Creek Elementary School
Property Attached Y/N No
Current Financing Conventional
Middle/Junior High School Lincoln Middle School
Additional Parcels Y/N No
Standard Status Active
Tax Lot 19
Legal Description Bay Colony L19

Interior Features

Interior Amenities Attic Access,Attic Pull Down Stairs,Built-in Features,Cathedral Ceiling(s),Walk-In Closet(s),Paddle Fan,Eat-in Kitchen,Hi-Speed Internet Availbl,Pantry,Wet Bar
Basement Ceiling - 9+ feet,Finished Ceiling,Walk-Out Access
Total Fireplaces 3
Fireplace Features Primary Bedroom,Family Room,Living Room
Basement (Y/N) Yes
Half Baths 2
Total Bedrooms 3
Below Grade Finished Area 1000
Main Level Bedrooms 1
LivingAreaSource Assessor
Total Baths 4

Exterior Features

Parking Features Asphalt,Attached,Garage Door Opener,Garage Faces Side,Heated Garage
Lot Features Gated Community,Mature Trees
Water Source Private
Foundation Details Concrete Perimeter
Spa Yes
Building Area Total 5078
Lot Size Acres 1.03
Waterfront Y/N Yes
Other Equipment Smoke Alarm
Horse Amenities None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Columbus, IN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Eagle Creek Elementary School
Middle School Lincoln Middle School
High School Pike High School

Price History

11/21/2025 Listed $1,200,000
6/19/2026 5% - $1,150,000
9/9/2026 5% - $1,099,000

Property vs Zip Code Average in 46234

Price
AVG $530K
$1.1M
Taxes
AVG $4,903
$17,786
Year Built
AVG 1994
1984
Visits
AVG 78
173
Data Provided by Inside Real Estate®

8649 Bay Colony Drive Indianapolis, IN is a Single Family Home for sale at $1099000 with 5078 sqft and a lot size of 1.03 Acres Acre(s). 8649 Bay Colony Drive Indianapolis has 3 bedrooms, 2 baths and was built in 1984. The property's zip code is 46234 which is in Indianapolis, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.