Sheldon Barnes
For Sale — 5340 Waterton Lakes Drive, Indianapolis, IN 462375340 Waterton Lakes Drive
Indianapolis, Indiana 46237
Thompson Park
4
Beds
3
Baths
1,966
Sq Ft
1999
Year Built
0.17
Acres
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ABOUT THIS HOME
Check out this great listing in Franklin Township Schools! Located in popular Thomson Park - this home offers 4 bedroom and 2.5 baths. A large closet on the upstairs level was converted to a 4th bedroom, and is not included in the current square footage. The main level great room offers vaulted ceilings, and a gas fireplace. Nice open kitchen with newer appliances and a breakfast bar. Dining room is adjacent for additional seating or entertaining. Main level primary bedroom suite and walk in closet. Additional half bath on main, with updated laundry room and 2 car attached garage. Main level flooring has all been updated. The second level offers an open loft, and three bedrooms with a full bath - plenty of additional room! The interior of the home has all been painted in the last 10 years, and the mechanicals are all just a few years old. The roof, siding, and garage door were all replaced in the last 3-4 years. The backyard has a full privacy fence, a small firepit, and wood deck. The neighborhood has a new park and playground, and also a basketball court. So many updates to this home - move in ready and waiting for the next owner!
Key things to know
- Primary suite on main level with walk-in closet
- Vaulted ceilings and gas fireplace in great room
- Roof, siding, and garage door replaced within 3-4 years
- Updated kitchen with newer appliances and breakfast bar
- Fenced backyard with deck and firepit
Monthly payment
Estimate · $305,000
$1,857/mo
≈ $1,623 principal & interest · $220 tax · $14 HOA
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $61,000 on a loan of $244,000.
Price history
- Listedat $320,000
May 4, 2026
Thompson Park · activity
past 6 months
- Sold
- 10
- Median price
- $239,000
- Median DOM
- 13 days
Recent comparable sales
$294,000
4742 Deacon Lane
3bd · 3ba · 2,012 sqft
Sold May 2026
$267,000
6403 Colonnade Court
3bd · 3ba · 1,704 sqft
Sold May 2026
$297,000
5724 Apple Branch Court
3bd · 3ba · 2,348 sqft
Sold May 2026
$285,000
8452 Amarillo Drive
3bd · 3ba · 1,572 sqft
Sold May 2026
$260,000
6324 Muirfield Way
3bd · 2ba · 1,499 sqft
Sold May 2026
Comparative value
5 comps in this range
This home is 7.0% 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.
FEATURES & AMENITIES
Interior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$320,000Listed· May 4, 2026
8 days on market
Layout
Primary suite
Closet Walk in
Primary bath
Suite,Tub Full with Shower
Schools
Franklin Township Com Sch Corp
Neighborhood
- Downtown Indianapolis7.6 mi
- IU Health North Hospital18.8 mi
- Monon Trail (Carmel)18.8 mi
- Fishers High School19.2 mi
- Conner Prairie19.4 mi
- Carmel High School19.5 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,966 sq ft
Year Built
1999
Stories
Two
Subdivision
Thompson Park
Bedrooms
4
Bathrooms
2 full, 1 half
Garage
2 spaces
School District
Franklin Township Com Sch Corp