For Sale121d on market
3312 Bay Road South Dr
Indianapolis, IN, 46240 • Clearwater • Marion County
$755,000
$304/sqft
-$10,000 since Mar 20, 2026
Down payment assistance available
3Beds
3Baths
2,484Sqft
0.04 acLot
1988Built
Property DNA
Waterfront Property
Dock, Lake Front, Water Access, Water View, Waterfront
Water Views
Water
Traditional Style
Built 1988 · 38 years of history
Nantucket Bay
Maintenance Grounds · Maintenance · Tennis Court(s)
Outdoor Living
Deck
1 Fireplace
Living Room
2-Car Garage
Attached
Premium Finishes
Hardwood Floors · Walk-In Closet(s)
This home is getting attention
Listed 121 days ago · 995 views · 29 saves
Market activity
Demand and pricing signals for this listing
995 views
People checking out this listing
29 saves
Buyers have saved this home
121 days on market
Established listing
$304/sqft
Price per square foot
About this home
Condo · Built 1988
Welcome to Nantucket Bay! This spacious 3-bedroom, 2.5-bath home offers breathtaking water views from nearly every window, showcasing the stunning 50+ acre, spring-fed, tree-lined lake-stocked with over 20 species of fish. The living room with its fireplace is perfect for family movie nights or entertaining guests. Enjoy the sparkling lake right from your living room, complete with sliding glass doors that open to one of three private decks and your own boat dock. Step inside to a warm and inviting foyer with hardwood floors. Just off the entry is a cozy den/library built-in bookshelves, and French doors-an ideal retreat or home office. The open kitchen, equipped with stainless steel appliances flows seamlessly into the dining room and a charming sitting area & coffee bar with serene lake views. Upstairs, you'll find the primary suite with a walk-in closet and shower stall, as well as two additional spacious bedrooms, all with newer carpet. The updated hall bathtub features a stunning remodel completed by Dream Baths by Bee (Bee Window). The neighborhood offers fantastic amenities including a tennis/pickleball court and quiet streets perfect for walking. Experience the tranquility of lakeside living every day while still being just minutes from Keystone at the Crossing, top restaurants, and shopping. Enjoy a low-maintenance lifestyle with more time to relax, travel, or entertain family and friends by the lake.
Standout features identified
Our analysis highlights two additional spacious bedrooms, own boat dock, and dining room as key attractions of this home.
Estimated monthly payment
Based on current rates
$5,549/month
Principal & Interest$3,918
Property Tax$755
Insurance$252
HOA$625
Down payment20% ($151,000)
3%50%
Est. 6.75% rate · 30yr fixed · $604,000 loan
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At a glance
Key facts and listing details
TypeResidential, Condominium
Year Built1988
HeatingForced Air, Natural Gas
CoolingCentral Air
Parking2 Attached Garage spaces
HOA$625 monthly
Days on Zillow121 Days
Price/sqft$304
Property
Home typeCondo
Sub-typeResidential, Condominium
StyleTraditional
Year built1988
Stories2
Systems
HeatingForced Air, Natural Gas
CoolingCentral Air
ConstructionBrick, Cement Siding
Water / SewerPublic
Parking & Outdoor
ParkingAttached
Garage2 spaces
Fireplaces1
Lot1,742 sqft
Location & Tax
NeighborhoodClearwater
Annual tax$9,414
Parcel490219120017000800
Bathrooms & Fees
Full baths2
HOA$625/mo
Features & details
14 categories of property features
Interior Features
Interior
Built-in Features
Entrance Foyer
Hardwood Floors
Eat-in Kitchen
Walk-In Closet(s)
Appliances
Dishwasher
Dryer
Gas Water Heater
MicroHood
Microwave
Electric Oven
Refrigerator
Washer
Flooring
Hardwood
Heating
Forced Air
Natural Gas
Cooling
Central Air
Laundry
Main Level
Fireplace
Living Room
Exterior Features
Exterior
Tennis Court(s)
Parking
Attached
Construction
Brick
Cement Siding
Patio & Porch
Deck
Lot Features
Mature Trees
Community
Tennis Court(s)
Views
Water
Room details
9 rooms detailed
Master Bedroom
Upper20×13 ft260 sqft
Bedroom2
Upper16×13 ft208 sqft
Bedroom3
Upper13×13 ft169 sqft
Dining Room
Main13×11 ft143 sqft
Kitchen
Main10×10 ft100 sqft
Laundry
Main7×7 ft49 sqft
Listing insights
Market data and value estimates
StatusFor Sale
Days on market121
Est. value$742,300
Est. rent$2,986/mo
Tax rate0.96%
Price/sqft$304
On marketDec 8, 2025
PostedDec 8, 2025
Last sold$680,000
MLS statusActive
MLS updatedMar 20, 2026
Tour days9
Views995
Favorites29
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46240
Price history
11 events
DateEventPrice$/sqftSource
Mar 20, 2026Price Change$755,000$304MIBOR as distributed by MLS GRID
Feb 27, 2026Price Change$765,000$308MIBOR as distributed by MLS GRID
Jan 28, 2026Price Change$770,000$310MIBOR as distributed by MLS GRID
Jan 7, 2026Price Change$784,900$316MIBOR as distributed by MLS GRID
Dec 8, 2025Listed For Sale$799,900$322MIBOR as distributed by MLS GRID
Jul 7, 2023Sold$680,000$274MIBOR as distributed by MLS GRID
Jun 19, 2023Pending Sale$689,900$278MIBOR as distributed by MLS GRID
May 23, 2023Price Change$689,900$278MIBOR as distributed by MLS GRID
May 13, 2023Price Change$699,900$282MIBOR as distributed by MLS GRID
Apr 27, 2023Listed For Sale$724,900$292MIBOR as distributed by MLS GRID
Jan 23, 2006Sold$408,500$164MIBOR as distributed by MLS GRID
Price Change$755,000
Mar 20, 2026•$304/sqft•MIBOR as distributed by MLS GRID
Price Change$765,000
Feb 27, 2026•$308/sqft•MIBOR as distributed by MLS GRID
Price Change$770,000
Jan 28, 2026•$310/sqft•MIBOR as distributed by MLS GRID
Price Change$784,900
Jan 7, 2026•$316/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$799,900
Dec 8, 2025•$322/sqft•MIBOR as distributed by MLS GRID
Sold$680,000
Jul 7, 2023•$274/sqft•MIBOR as distributed by MLS GRID
Pending Sale$689,900
Jun 19, 2023•$278/sqft•MIBOR as distributed by MLS GRID
Price Change$689,900
May 23, 2023•$278/sqft•MIBOR as distributed by MLS GRID
Price Change$699,900
May 13, 2023•$282/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$724,900
Apr 27, 2023•$292/sqft•MIBOR as distributed by MLS GRID
Sold$408,500
Jan 23, 2006•$164/sqft•MIBOR as distributed by MLS GRID
Tax history
23 years of records
YearTax paidAssessed value
Apr 9, 2024$7,550$683,700
Apr 9, 2023$7,425$552,700
Apr 9, 2022$5,909$530,100
Apr 9, 2021$5,563$430,500
Apr 9, 2020$5,195$430,500
Apr 9, 2019$5,187$430,600
Apr 9, 2018$5,084$440,800
Apr 9, 2017$4,671$435,000
Apr 9, 2016$4,440$425,700
Apr 9, 2014$4,556$431,800
Apr 9, 2013$4,424$431,800
Apr 9, 2012$4,424$419,300
Apr 9, 2011—$415,000
Apr 9, 2010$4,340$415,100
Apr 9, 2009$3,922$428,700
Apr 9, 2007—$403,000
Apr 9, 2006—$461,600
Apr 9, 2005—$312,200
Apr 9, 2004—$312,200
Apr 9, 2003—$339,300
Apr 9, 2002—$105,200
Apr 9, 2001—$35,060
Apr 9, 2000—$35,060
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 20:23:09 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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