Sheldon Barnes
For Sale — 4898 Waterstone Way, Carmel, IN 46033$1,300,000
Schedule a Showing5
Beds
6
Baths
7,400
Sq Ft
1993
Year Built
0.51
Acres
Schedule a tour or ask a question
Sheldon Barnes can help you tour 4898 Waterstone Way
Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Carmel, Indiana and the rest of Hamilton County. Book a private tour of 4898 Waterstone Way in Windpointe, ask any question about this home, or talk through what you should know about buying in Carmel.
ABOUT THIS HOME
Welcome to 4898 Waterstone Way, located in the exclusive East Carmel neighborhood of Windpointe. Located on a wooded half acre lot, this brick traditional American design offers 7400 square feet of luxury living space. The property includes 5 bedrooms, 4/2 bathrooms, an expansive study, 3 car garage, as well as plenty of upgrades such as a basement rec room/wet bar with custom stone and poured concrete countertops, gourmet kitchen, 3 fireplaces a main floor primary, guest room in basement, and an expansive bonus room above the garage. A sports court, outdoor kitchen and mature tree-line in the backyard provide the perfect place for entertaining or enjoying nature. House is freshly painted, all new carpets, and hardwood floors are resurfaced. It is located close to walking paths, neighborhood clubhouse and pool. This immaculately maintained custom home is a rare delight for homeowners looking for a unique and thoughtful design in Carmel's luxury market- don't miss the opportunity to own it!
Key things to know
- 3 fireplaces
- Finished basement (1,989 sqft)
- 3-car garage
- Windpointe subdivision
Monthly payment
Estimate · $1,300,000
$7,748/mo
≈ $6,919 principal & interest · $727 tax · $102 HOA
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $260,000 on a loan of $1,040,000.
Price history
- Listedat $1,300,000
Jun 19, 2026
Windpointe · activity
past 6 months
- Sold
- 5
- Median price
- $1,302,000
- Median DOM
- 7 days
Recent comparable sales
$930,000
13845 Kickapoo Trail
5bd · 5ba · 5,283 sqft
Sold Jun 2026
$1,150,000
5922 Fife Trail
4bd · 5ba · 6,074 sqft
Sold Jun 2026
$1,100,000
5212 Carrington Circle
4bd · 4ba · 5,841 sqft
Sold Jun 2026
$2,450,000
4207 E Main Street
5bd · 6ba · 7,394 sqft
Sold Jun 2026
$1,085,850
15606 Hawks Way
4bd · 6ba · 5,186 sqft
Sold Jun 2026
Comparative value
5 comps in this range
This home is 18% above median for similar nearby sales.
Estimated values and comparable-sales ranges shown here are for informational purposes only. They are derived from public records and recent MLS sales, are not an appraisal or formal Comparative Market Analysis (CMA), and should not be used as the sole basis for any pricing, purchase, sale, or financing decision. For an accurate market value of a specific property, contact Sheldon Barnes for a personalized CMA.
FEATURES & AMENITIES
Interior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$1,300,000Listed· Jun 19, 2026
3 days on market
Layout
Primary suite
Closet Walk in,Patio
Schools
Carmel Clay Schools
Neighborhood
- IU Health North Hospital0.8 mi
- Monon Trail (Carmel)1.7 mi
- Carmel High School1.7 mi
- Carmel Arts & Design District2.0 mi
- Clay Terrace3.2 mi
- Carmel Central Park4.0 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
7,452 sq ft
Year Built
1993
Stories
Two
Lot Size
0.51 acres
Subdivision
Windpointe
Section 1
Bedrooms
5
Bathrooms
4 full, 2 half
Garage
3 spaces
School District
Carmel Clay Schools
TAX ASSESSMENT
Hamilton County assessed values for current year
Total Assessed Value
$1,067,000
Land Value
$195,600
18% of total
Improvement Value
$871,400
82% of total
- Annual tax · 2025
- $8,726
- Exemption
- Homestead
PARCEL & LEGAL
Lot / Section
Section 1