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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.
$1,388,000
$1,820,000
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...
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
- Sold$1,388,000
Mar 24, 2026
- Price reduced$1,370,000 → $1,388,000
Mar 21, 2026
- Listedat $1,820,000
Jul 17, 2025
Recent comparable sales

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Comparative value
5 comps in this range
This home is 68% above median for similar nearby sales.
FEATURES & AMENITIES
Interior
Climate
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
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

