For Sale138d on market
8649 Bay Colony Dr
Indianapolis, IN, 46234 • Eagle Creek • Marion County
$1,200,000
$236/sqft
Down payment assistance available
3Beds
4Baths
5,078Sqft
1 acLot
1984Built
Property DNA
Waterfront Property
Water Access, Dock
Water Views
Water
Traditional Style
Built 1984 · 42 years of history
Bay Colony
Eagle Creek
Outdoor Living
Deck
3 Fireplaces
Primary Bedroom · Family Room · Living Room
4-Car Garage
Asphalt · Attached · Garage Door Opener · Garage Faces Side · Heated Garage
Premium Finishes
Walk-In Closet(s) · Hardwood Floors
This home is getting attention
Listed 138 days ago · 1,901 views · 54 saves
Market activity
Demand and pricing signals for this listing
1,901 views
People checking out this listing
54 saves
Buyers have saved this home
138 days on market
Established listing
$236/sqft
Price per square foot
About this home
Single Family · Built 1984
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.
Standout features identified
Our analysis highlights double vanities, separate tiled shower, and formal dining room as key attractions of this home.
Estimated monthly payment
Based on current rates
$7,949/month
Principal & Interest$6,227
Property Tax$1,200
Insurance$400
HOA$122
Down payment20% ($240,000)
3%50%
Est. 6.75% rate · 30yr fixed · $960,000 loan
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At a glance
Key facts and listing details
TypeResidential, Single Family Residence
Year Built1984
HeatingForced Air, Heat Pump, Electric
CoolingCentral Air
Parking4 Attached Garage spaces
HOA$730 semi-annually
Lot1.03 Acres
Days on Zillow138 Days
Price/sqft$236
Property
Home typeSingle Family
Sub-typeResidential, Single Family Residence
StyleTraditional
Year built1984
Systems
HeatingForced Air, Heat Pump, Electric
CoolingCentral Air
ConstructionStone, Wood Siding
Water / SewerPrivate
Parking & Outdoor
ParkingAsphalt, Attached, Garage Door Opener, Garage Faces Side, Heated Garage
Garage4 spaces
BasementCeiling - 9+ feet,Finished Ceiling,Walk-Out Access
Fireplaces3
Lot1.03 Acres
Location & Tax
NeighborhoodEagle Creek
Annual tax$17,786
Parcel490509111027000600
Bathrooms & Fees
Full baths2
HOA$122/mo
Features & details
11 categories of property features
Interior Features
Interior
Attic Access
Attic Pull Down Stairs
Built-in Features
Cathedral Ceiling(s)
Walk-In Closet(s)
Hardwood Floors
Ceiling Fan(s)
Eat-in Kitchen
High Speed Internet
Pantry
Wet Bar
Appliances
Dishwasher
Dryer
Disposal
Electric Oven
Refrigerator
Washer
Wine Cooler
MicroHood
Electric Water Heater
Water Softener Owned
Flooring
Hardwood
Heating
Forced Air
Heat Pump
Electric
Cooling
Central Air
Fireplace
Primary Bedroom
Family Room
Living Room
Exterior Features
Parking
Asphalt
Attached
Garage Door Opener
Garage Faces Side
Heated Garage
Construction
Stone
Wood Siding
Patio & Porch
Deck
Lot Features
Gated Community
Mature Trees
Views
Water
Room details
13 rooms detailed
Master Bedroom
Main19×16 ft304 sqft
Bedroom2
Upper19×14 ft266 sqft
Bedroom3
Upper19×13 ft247 sqft
Bonus Room
Basement17×15 ft255 sqft
Breakfast Room
Main11×11 ft121 sqft
Dining Room
Main14×12 ft168 sqft
Listing insights
Market data and value estimates
StatusFor Sale
Days on market138
Tax rate0.96%
Price/sqft$236
On marketNov 21, 2025
PostedNov 21, 2025
Last sold$540,000
MLS statusActive
MLS updatedNov 29, 2025
Tour days9
Views1,901
Favorites54
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46234
Price history
5 events
DateEventPrice$/sqftSource
Nov 21, 2025Listed For Sale$1,200,000$236MIBOR as distributed by MLS GRID
Mar 22, 2023Listing Removed——MIBOR as distributed by MLS GRID
Sep 22, 2022Listed For Sale$1,150,000$226MIBOR as distributed by MLS GRID
Mar 17, 2020Sold$540,000$106Public Record
Apr 30, 2003Sold$559,000$110MIBOR as distributed by MLS GRID
Listed For Sale$1,200,000
Nov 21, 2025•$236/sqft•MIBOR as distributed by MLS GRID
Listing Removed—
Mar 22, 2023•MIBOR as distributed by MLS GRID
Listed For Sale$1,150,000
Sep 22, 2022•$226/sqft•MIBOR as distributed by MLS GRID
Sold$540,000
Mar 17, 2020•$106/sqft•Public Record
Sold$559,000
Apr 30, 2003•$110/sqft•MIBOR as distributed by MLS GRID
Tax history
22 years of records
YearTax paidAssessed value
Apr 8, 2024$15,886$794,000
Apr 8, 2023$15,887$794,000
Apr 8, 2022$13,736$794,000
Apr 8, 2021$13,530$686,300
Apr 8, 2020$6,550$676,000
Apr 8, 2019$6,312$652,100
Apr 8, 2018$6,307$628,200
Apr 8, 2017$6,271$624,500
Apr 8, 2016$11,923$600,800
Apr 8, 2014$11,638$581,300
Apr 8, 2013$6,386$581,300
Apr 8, 2012$6,386$585,700
Apr 8, 2011—$645,000
Apr 8, 2010$7,160$669,600
Apr 8, 2009$6,390$636,800
Apr 8, 2007—$706,500
Apr 8, 2006—$706,600
Apr 8, 2005—$577,600
Apr 8, 2004—$577,600
Apr 8, 2002—$331,800
Apr 8, 2001—$110,600
Apr 8, 2000—$110,600
Nearby homes
Neighborhood details
Local context around this listing
Indianapolis, IN • Marion County
Nearby neighborhoods
Chapel Hill-Ben DavisDowntownEagledaleEast WarrenFar EastsideGarden CityNear EastsideSnacks-Guion CreekSouth FranklinSouth Perry
Nearby cities
Beech GroveCumberlandIndianapolisLawrenceSouthportSpeedway
Nearby zip codes
46203462174621946220462224622446226462274623746254
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Based on information submitted to the MLS GRID as of 2026-04-08 12:28:09 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
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