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Sheldon Barnes is a Carmel realtor and licensed real estate agent serving New Palestine, Indiana and the rest of Hamilton County. Book a private tour of 4934 S 550 W, ask any question about this home, or talk through what you should know about buying in New Palestine.

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ABOUT THIS HOME

Located at 4934 S 550 W, NEWPALESTINE, IN, this single-family residence in Hancock County presents a rare opportunity to experience luxurious living in a home that is in great condition. Built in 2022, this amazing design features top-tier materials and awaits its discerning new owner. The heart of this home is undoubtedly the two kitchens, a culinary dream realized with its expansive kitchen island, shaker cabinets, and double oven, providing ample space for preparation and catering. The stovetop and backsplash add a touch of elegance and practicality, ensuring both beauty and functionality in this central space. The living room offers a place to relax and recharge, featuring a fireplace that serves as a focal point, creating an atmosphere of warmth. The high ceiling enhances the sense of spaciousness, inviting gatherings and quiet moments alike. This residence offers five full bathrooms and one half bathroom, ensuring convenience and privacy. Five bedrooms provide comfortable accommodation for all. With 4209 square feet of living area set upon a sprawling 301043 square foot lot in a rural area, this two-story residence provides a harmonious blend of space and privacy, making it the perfect retreat from the everyday. This luxurious house with an open floor plan and unfinished basement is waiting for you to make it a home.

Listed by Harjot Suri· Midland Realty Group, Inc.· MLS# 22051806
SoldSold in 223 days

$1,388,000

$1,820,000

5Beds
5.1Baths
6,582Sq Ft

Located at 4934 S 550 W, NEWPALESTINE, IN, this single-family residence in Hancock County presents a rare opportunity to experience luxurious living in a home that is in great condition. Built in 2022, this amazing design features top-tier materials and awaits its discerning new owner. The heart of...

Listed by Harjot Suri· Midland Realty Group, Inc.· MLS# MBR22051806

6,582

Sq Ft

2022

Year Built

5

Bedrooms

5.1

Bathrooms

Key things to know

  • Sold 24% below list in 223 days
  • Fireplace
  • Basement
  • 3-car garage
  • 6.91-acre lot

Sold

$1,388,000

-$432,000 below list (-23.7%)

Closed
Mar 24, 2026
Listed at
$1,820,000
Sold
1 month ago
Sold in
223 days

Price history

  1. Sold$1,388,000

    Mar 24, 2026

  2. Price reduced$1,370,000 → $1,388,000

    Mar 21, 2026

  3. Listedat $1,820,000

    Jul 17, 2025

Comparative value

5 comps in this range

This home is 68% above median for similar nearby sales.

$695K$1.4MMedian $825K
$1.4M

FEATURES & AMENITIES

Interior

Eat-in KitchenPantrySupplemental StorageWalk-In Closet(s)

Climate

Heat: Forced AirHeat: Natural GasCool: Central Air

THE FACTS

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

Price history

  • $1,820,000Listed· Jul 17, 2025

  • $1,388,000Reduced

    $432,000 (23.7% off original)

223 days on market

Layout

Main
22.16 rooms4,315 sq ft
Upper
335 rooms2,267 sq ft

Primary suite

Closet Walk in,Porch

Primary bath

Sinks Double

Schools

Southern Hancock Co Com Sch Corp

  • Middle

    New Palestine Jr High School

  • High

    New Palestine High School

Neighborhood

  • Downtown Indianapolis13.8 mi
  • Fishers High School18.2 mi
  • Conner Prairie18.4 mi
  • IU Health North Hospital19.2 mi
  • Hamilton Southeastern HS19.3 mi
  • Hamilton Town Center19.5 mi

PROPERTY DETAILS

Living Area

6,582 sq ft

Year Built

2022

Stories

Three Or More

Subdivision

No Subdivision

Bedrooms

5

Bathrooms

5 full, 1 half

Garage

3 spaces

School District

Southern Hancock Co Com Sch Corp

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