Sheldon Barnes
For Sale — 5341 N Melbourne Road, Indianapolis, IN 462285341 N Melbourne Road
Indianapolis, Indiana 46228
Morningside
3
Beds
3
Baths
1,776
Sq Ft
2000
Year Built
0.12
Acres
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ABOUT THIS HOME
This beautifully remodeled two-story home sits directly on a spacious pond and offers stunning water views throughout. The home features an updated kitchen with brand-new stainless steel appliances, a sit-up bar, and a bright breakfast room. From the breakfast area, step onto a brand-new, oversized wood deck overlooking the pond-perfect for relaxing evenings after a long day. Updates include luxury vinyl plank flooring throughout the main level, new carpet and LVP upstairs, new vanities in all three bathrooms, updated brushed-nickel plumbing and light fixtures, fresh interior and exterior paint, and a brand-new high-efficiency heat pump system. Enter from the garage into a convenient mudroom with access to the remodeled kitchen and the downstairs bath. Enjoy meals in the breakfast room or the formal dining area, which is part of the open living/dining room combination. Upstairs, a spacious family room connects to all three bedrooms. The large primary suite features a vaulted ceiling, walk-in closet, garden tub, and walk-in shower. Additional highlights include six-panel doors throughout and a layout that feels like a brand-new home thanks to extensive updates. The home shows exceptionally well and is conveniently located near I-65 and shopping.
Key things to know
- Direct pond views and oversized deck
- Remodeled kitchen with stainless steel appliances
- Primary suite with vaulted ceiling and dual baths
- New high-efficiency heat pump system
- Lvp flooring and updated bathrooms throughout
Monthly payment
Estimate · $294,900
$1,784/mo
≈ $1,570 principal & interest · $214 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $58,980 on a loan of $235,920.
Price history
- Price reduced$299,900 → $294,900
Mar 18, 2026
- Listedat $324,900
Dec 1, 2025
Morningside · activity
past 6 months
- Sold
- 8
- Median price
- $265,000
- Median DOM
- 26 days
Recent comparable sales
$292,500
2048 Oldfields Cir N Drive
2bd · 2ba · 1,605 sqft
Sold May 2026
$225,000
3917 Truro Court
3bd · 2ba · 1,511 sqft
Sold Apr 2026
$260,000
2066 Oldfields Circle South Drive
2bd · 3ba · 2,179 sqft
Sold Apr 2026
$280,000
2926 Sunmeadow Court
3bd · 3ba · 1,628 sqft
Sold Apr 2026
$225,000
2350 W 58th Street
3bd · 2ba · 1,344 sqft
Sold Apr 2026
Comparative value
5 comps in this range
This home is 13% 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
$324,900Listed· Dec 1, 2025
$294,900Reduced
↓ $30,000 (9.2% off original)
137 days on market
Layout
Primary suite
Closet Walk in
Primary bath
Shower Stall Full,Tub Garden
Schools
MSD Pike Township
Neighborhood
- Downtown Indianapolis6.4 mi
- Zionsville Community HS8.0 mi
- Carmel Central Park8.7 mi
- Monon Trail (Carmel)9.3 mi
- Carmel High School9.9 mi
- Carmel Arts & Design District10.4 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,776 sq ft
Year Built
2000
Stories
Two
Subdivision
Morningside
Bedrooms
3
Bathrooms
2 full, 1 half
Garage
2 spaces
School District
MSD Pike Township