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Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Fishers, Indiana and the rest of Hamilton County. Book a private tour of 395 Breakwater Dr in Breakwater, ask any question about this home, or talk through what you should know about buying in Fishers.
ABOUT THIS HOME
Experience the pinnacle of waterfront living at this modern estate in the exclusive gated community of Breakwater on Geist Reservoir. Set on over 1.5 acres of pristine, landscaped grounds, this stunning retreat offers panoramic lake views, private dock access, and a lifestyle defined by luxury, comfort, and intentional design. Thoughtfully curated by acclaimed designer Linda Mordoh of Savvy Decor, the interiors blend warm sophistication with modern elegance. The heart of the home is the showstopping kitchen, featuring custom Nathan Allan cabinetry, striking black finishes, radiant quartz countertops, and brushed gold accents-a space designed for both culinary creativity and gathering. With six spacious bedrooms, each with its own en-suite bath, this home offers unmatched comfort and privacy. The primary suite is a true sanctuary, boasting a spa-like bath with dual rain showers, steam system, soaking tub, DTV digital controls, and a dream-worthy walk-in closet. The lower level is fully integrated with Control4 Smart Home technology and offers flexible space for a custom bar, home theater, or entertainment area-perfect for everything from quiet nights to lively gatherings. Step outside to your private dock, where mornings begin with coffee on the water and evenings end with sunset views and a glass of wine. Whether hosting unforgettable events or enjoying peaceful solitude, this property offers a seamless blend of everyday comfort and extraordinary moments. Breakwater is more than a neighborhood-it's a lifestyle. A secure, prestigious enclave where luxury, design, and community come together.
$2,850,000
$3,300,000
Experience the pinnacle of waterfront living at this modern estate in the exclusive gated community of Breakwater on Geist Reservoir. Set on over 1.5 acres of pristine, landscaped grounds, this stunning retreat offers panoramic lake views, private dock access, and a lifestyle defined by luxury, comf...
10,389
Sq Ft
1999
Year Built
1.59
Acres
$2,390,500
Assessed Value
6
Bedrooms
Key things to know
- Sold 23% below list in 142 days
- 3 fireplaces
- Finished basement (3,509 sqft)
- 4-car garage
- 1.59-acre lot
Sold
$2,550,000
-$750,000 below list (-22.7%)
- Closed
- Oct 9, 2025
- Listed at
- $3,300,000
- Sold
- 7 months ago
- Sold in
- 142 days
Price history
- Sold$2,550,000
Oct 9, 2025
- Price reduced$3,099,000 → $2,850,000
Jun 23, 2025
- Listedat $3,300,000
Apr 2, 2025
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Comparative value
5 comps in this range
This home is 86% above median for similar nearby sales.

Sheldon Barnes
Real Estate Agent · Carmel Realty LLC
License No. RB21000235
FEATURES & AMENITIES
Interior
Exterior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$3,300,000Listed· Apr 2, 2025
$2,850,000Reduced
↓ $450,000 (13.6% off original)
142 days on market
Layout
Primary suite
Closet Walk in
Primary bath
Shower Stall Full,Sinks Double,Tub Garden
Schools
Hamilton Southeastern Schools
- 3.4 mi
High
Hamilton Southeastern HS
Neighborhood
- Hamilton Town Center3.3 mi
- Hamilton Southeastern HS3.4 mi
- Conner Prairie4.0 mi
- Fishers High School4.1 mi
- IU Health North Hospital7.3 mi
- Monon Trail (Carmel)9.8 mi
PROPERTY DETAILS
Living Area
10,389 sq ft
Year Built
1999
Stories
Two
Lot Size
1.59 acres
Subdivision
Breakwater
Bedrooms
6
Bathrooms
6 full, 1 half
Garage
4 spaces
School District
Hamilton Southeastern Schools
TAX ASSESSMENT
Hamilton County assessed values for current year
Total Assessed Value
$2,390,500
Land Value
$652,600
27% of total
Improvement Value
$1,737,900
73% of total
- Annual tax · 2023
- $37,130
