Sheldon Barnes
For Sale — 505 S East Street, Indianapolis, IN 46203505 S East Street
Indianapolis, Indiana 46203
Downeys
4
Beds
5
Baths
4,490
Sq Ft
2024
Year Built
0.05
Acres
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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 505 S East Street in Downeys, ask any question about this home, or talk through what you should know about buying in Indianapolis.
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 and Sub Zero and Wolf appliances in the impressive kitchen. 4 spacious bedrooms all with en suite BA. Smart design features, 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. Utility wire in back to be buried and pole removed. 2 adjacent lots available to custom build a Buyer's own unique home. Contact List Agent for further information.
Key things to know
- 4-level home with private elevator
- Rooftop terrace with gas fireplace and Trex decking
- In-law suite with separate entrance on lower level
- Sub-zero and wolf appliances
- 2 ev charging stations in garage
Monthly payment
Estimate · $1,799,900
$9,663/mo
≈ $9,580 principal & interest · $83 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $359,980 on a loan of $1,439,920.
Price history
- Price reduced$1,824,900 → $1,799,900
Sep 29, 2025
- Listedat $1,924,900
Mar 22, 2024
Recent comparable sales
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$284,900
3225 Capsella Lane
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1119 Spann Avenue
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902 Woodlawn Avenue
4bd · 4ba · 3,427 sqft
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Comparative value
5 comps in this range
This home is 239% above median for similar nearby sales.
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
AI-curated highlights
INSIDE THIS HOME
FEATURES & AMENITIES
Interior
Exterior
Climate
AI-detected from photos
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$1,924,900Listed· Mar 22, 2024
$1,799,900Reduced
↓ $125,000 (6.5% off original)
750 days on market
Layout
Primary suite
Bedroom 2nd Primary,Closet Walk in
Primary bath
Shower Stall Full,Sinks Double,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
Combined data from the listing and Hamilton County records
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