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Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Indianapolis, Indiana and the rest of Hamilton County. Book a private tour of 4726 Ellery Lane in Sycamore Springs, ask any question about this home, or talk through what you should know about buying in Indianapolis.

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ABOUT THIS HOME

Fresh upgrades completed! The sellers temporarily paused showings to complete thoughtful improvements-most notably, the installation of a brand-new roof. This is a rare and remarkable opportunity in the coveted Estate Section of Sycamore Springs. Nestled on a peaceful cul-de-sac and overlooking a tranquil lake, this custom estate offers a stunning fusion of timeless architecture and natural beauty. Expansive windows showcase breathtaking water views from nearly every room, filling the home with abundant natural light. A dramatic two-story foyer sets the stage for elegant living, featuring soaring ceilings, graceful fireplaces, and sophisticated design throughout. The main level includes a luxurious primary suite, while the home offers five bedrooms and six beautifully finished baths-each with spacious closets and designer details. Designed for entertaining, two covered verandas offer the perfect setting to enjoy colorful sunsets or starlit evenings. The walkout lower level is a true showstopper, featuring a full bar, sunken media/theater room, game area, wine cellar, and a private guest suite with spa-like ensuite and steam shower. A dedicated fitness room completes the home's exceptional amenities. Outdoor spaces are equally inviting, with a charming pergola, cozy firepit, and exposed aggregate patio-ideal for gatherings in any season. A rare four-car garage adds both convenience and curb appeal. Located just minutes from Keystone Crossing, I-465, and premier shopping and dining, this one-of-a-kind home offers the perfect blend of luxury, location, and lifestyle.

Listed by Craig McLaurin· Redfin Corporation· MLS# 22035709
SoldSold in 46 days

$1,295,000

$1,395,000

5Beds
4.2Baths
6,980Sq Ft

Fresh upgrades completed! The sellers temporarily paused showings to complete thoughtful improvements-most notably, the installation of a brand-new roof. This is a rare and remarkable opportunity in the coveted Estate Section of Sycamore Springs. Nestled on a peaceful cul-de-sac and overlooking a...

Listed by Craig McLaurin· Redfin Corporation· MLS# MBR22035709

6,980

Sq Ft

2007

Year Built

5

Bedrooms

4.2

Bathrooms

Key things to know

  • Sold 7.2% below list in 46 days
  • 2 fireplaces
  • Finished basement (2,175 sqft)
  • 4-car garage
  • Sycamore Springs subdivision

Sold

$1,295,000

-$100,000 below list (-7.2%)

Closed
Sep 12, 2025
Listed at
$1,395,000
Sold
8 months ago
Sold in
46 days

Price history

  1. Sold$1,295,000

    Sep 12, 2025

  2. Price reduced$1,359,500 → $1,295,000

    Jul 28, 2025

  3. Listedat $1,395,000

    May 2, 2025

Sold
7
Median price
$775,000
Median DOM
19 days

Comparative value

5 comps in this range

This home is 46% above median for similar nearby sales.

$480K$1.7MMedian $890K
$1.3M

FEATURES & AMENITIES

Interior

Attic AccessAttic Pull Down StairsBuilt-in FeaturesVaulted Ceiling(s)Hardwood FloorsWalk-In Closet(s)Wet Bar

Climate

Heat: Forced AirHeat: Natural GasHeat: Heat PumpCool: Central AirCool: Heat PumpCool: Zoned

THE FACTS

Pricing trajectory, room-by-room layout, schools, and what's nearby.

Price history

  • $1,395,000Listed· May 2, 2025

  • $1,295,000Reduced

    $100,000 (7.2% off original)

46 days on market

Layout

Main
11.26 rooms3,688 sq ft
Upper
324 rooms1,117 sq ft
Basement
111 rooms2,175 sq ft finished

Schools

MSD Washington Township

    Neighborhood

    • Monon Trail (Carmel)4.2 mi
    • IU Health North Hospital4.2 mi
    • Carmel High School4.8 mi
    • Carmel Arts & Design District5.4 mi
    • Carmel Central Park5.8 mi
    • Fishers High School6.1 mi

    PROPERTY DETAILS

    Living Area

    6,980 sq ft

    Year Built

    2007

    Stories

    Two

    Subdivision

    Sycamore Springs

    Bedrooms

    5

    Bathrooms

    4 full, 2 half

    Garage

    4 spaces

    School District

    MSD Washington Township

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