Sheldon Barnes
For Sale — 11516 Old Stone Drive, Indianapolis, IN 4623611516 Old Stone Drive
Indianapolis, Indiana 46236
Admirals Sound
5
Beds
5
Baths
4,001
Sq Ft
1995
Year Built
0.33
Acres
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ABOUT THIS HOME
Welcome home to space, comfort, and a setting you'll never want to leave. This beautiful 5-bedroom home in Admirals Sound offers room for everyone at one of the lowest prices per square foot in the neighborhood! From the moment you step inside, you're greeted by a bright, open main level where hardwood floors carry you effortlessly from room to room. The kitchen connects perfectly to the family room, making it the true heart of the home. Upstairs, the primary suite feels like a private getaway with its soaking tub, walk-in shower, and generous closet space. Three additional bedrooms are comfortably sized and share a full bath, while the fifth bedroom enjoys its own private bath, perfect for guests or in-law quarters. The finished walkout basement + full bath gives you even more flexibility, whether you need a media space, play area, or private retreat. Step outside and enjoy a backyard that feels like a park-peaceful, open, and perfect for relaxing evenings. With a 3-car side-load garage and thoughtful layout throughout, this home checks all the boxes in one of the area's most desirable neighborhoods.
Key things to know
- 5 bedrooms, 5 bathrooms
- Hardwood floors throughout main level
- Finished walkout basement
- Primary suite with soaking tub and walk-in shower
- Kitchen island with open family room layout
Monthly payment
Estimate · $600,000
$3,833/mo
≈ $3,193 principal & interest · $596 tax · $44 HOA
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $120,000 on a loan of $480,000.
Price history
- Listedat $615,000
Apr 30, 2026
Admirals Sound · activity
past 6 months
- Sold
- 10
- Median price
- $1,125,000
- Median DOM
- 27 days
Recent comparable sales
$575,000
7225 Elm Ridge Drive
4bd · 4ba · 5,166 sqft
Sold May 2026
$600,000
11614 Seafan Court
4bd · 4ba · 4,623 sqft
Sold May 2026
$510,000
7228 River Birch Lane
5bd · 4ba · 3,916 sqft
Sold Apr 2026
$580,815
12112 Pearl Bay Ridge
4bd · 4ba · 3,611 sqft
Sold Apr 2026
$675,000
11254 Woods Bay Lane
4bd · 4ba · 4,291 sqft
Sold Apr 2026
Comparative value
5 comps in this range
This home is 3.3% above median for similar nearby sales.
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Interior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$615,000Listed· Apr 30, 2026
9 days on market
Layout
Primary suite
Closet Walk in
Primary bath
Shower Stall Full,Sinks Double,Tub Whirlpool
Schools
MSD Lawrence Township
Neighborhood
- Fishers High School4.2 mi
- Conner Prairie4.4 mi
- Hamilton Southeastern HS5.0 mi
- Hamilton Town Center5.4 mi
- IU Health North Hospital6.6 mi
- Monon Trail (Carmel)8.8 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
4,001 sq ft
Year Built
1995
Stories
Two
Subdivision
Admirals Sound
Bedrooms
5
Bathrooms
4 full, 1 half
Garage
3 spaces
School District
MSD Lawrence Township