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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 501 S East Street in Downeys, ask any question about this home, or talk through what you should know about buying in Indianapolis.

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ABOUT THIS HOME

Exclusive luxury, Wedgwood Building Company custom home located in Fletcher Place with spectacular views of downtown skyline and Lucas Oil Stadium. This modern homes provide upscale living with urban amenities. Enjoy living on the Cultural Trail and walk to the many downtown restaurants, sporting events or across the street to the neighborhood park. This home features 4 levels with an elevator, 2 car attached garage, and rooftop terrace with 2 additional outdoor areas. The lower level has a separate residence option with private entrance, BR & BA, Kit, & Laundry, LVT flooring, and is great for in-law quarters, guests, or Airbnb. Premium finishes throughout, along with Sub Zero and Wolf appliances in the sleek kitchen. 4 spacious bedrooms all with en suite BA. Smart design features, security system, gas fireplace provision on expansive (1127sqft) rooftop with Trex decking, and 2 EV charging stations with epoxy flooring in garage! See attached plans for further detail.

Listed by Tom McNulty· McNulty Real Estate Services,· MLS# 21966695
SoldSold in 508 days

$1,999,900

4Beds
4.1Baths
4,490Sq Ft

Exclusive luxury, Wedgwood Building Company custom home located in Fletcher Place with spectacular views of downtown skyline and Lucas Oil Stadium. This modern homes provide upscale living with urban amenities. Enjoy living on the Cultural Trail and walk to the many downtown restaurants, sporting ev...

Listed by Tom McNulty· McNulty Real Estate Services,· MLS# MBR21966695

4,490

Sq Ft

2024

Year Built

4

Bedrooms

4.1

Bathrooms

Key things to know

  • Sold 8.7% below list in 508 days
  • New construction
  • Fireplace
  • Finished basement (901 sqft)
  • Downeys subdivision

Sold

$1,825,000

-$174,900 below list (-8.7%)

Closed
Sep 9, 2025
Listed at
$1,999,900
Sold
8 months ago
Sold in
508 days

Price history

  1. Sold$1,825,000

    Sep 9, 2025

  2. Listedat $1,999,900

    Mar 13, 2024

Comparative value

4 comps in this range

This home is 335% above median for similar nearby sales.

$294K$423KMedian $420K
$1.8M

FEATURES & AMENITIES

Interior

Breakfast BarBuilt-in FeaturesHigh CeilingsKitchen IslandElevatorEntrance FoyerPaddle FanHardwood FloorsHi-Speed Internet AvailblIn-Law ArrangementWired for DataPantrySmart ThermostatWired for SoundWalk-In Closet(s)Wet BarWood Work Painted

Exterior

BalconySmart Light(s)Smart Lock(s)

Climate

Heat: Forced AirHeat: Natural GasCool: Central Air

THE FACTS

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

Price history

  • $1,999,900Listed· Mar 13, 2024

508 days on market

Layout

Main
112 rooms901 sq ft
Upper
22.16 rooms2,688 sq ft
Basement
113 rooms901 sq ft finished

Primary suite

Bedroom 2nd Primary,Closet Walk in

Primary bath

Shower Stall Full,Suite

Schools

Indianapolis Public Schools

    Neighborhood

    • Downtown Indianapolis0.8 mi
    • Monon Trail (Carmel)13.8 mi
    • Carmel Central Park14.2 mi
    • Carmel High School14.5 mi
    • IU Health North Hospital14.6 mi
    • Zionsville Community HS15.0 mi

    PROPERTY DETAILS

    Living Area

    4,490 sq ft

    Year Built

    2024

    Stories

    Three Or More

    Subdivision

    Downeys

    Bedrooms

    4

    Bathrooms

    4 full, 1 half

    Garage

    2 spaces

    School District

    Indianapolis Public Schools

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