Sold — 5550 Bay Colony Lane, Indianapolis, IN 46234
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ABOUT THIS HOME
Water access to Eagle Creek Reservoir! Nestled in Bay Colony, a gated community located just steps from Eagle Creek Reservoir, your dream retreat awaits. Opportunities to purchase in this neighborhood do not come about often. This exceptional home offers over 5,000 square feet of beautiful and functional space, vaulted ceilings, natural light throughout, and 3 fireplaces. Two decks off the main level and your walkout basement patio face a private and secluded backyard with no neighbors in view. Neighborhood access to the water means you can enjoy kayaking daily! Highlights include your primary suite, a true sanctuary with a spacious walk-in closet, and spa-inspired bathroom. Gather friends and family to entertain in the hearth room, complete with full wet bar, pool table stays. The walkout basement features 3 more truly unique and expansive living areas. Enjoy sailing, kayaking, golfing, hiking, bird watching, and all that living on the reservoir has to offer.
$725,000
$825,000
Water access to Eagle Creek Reservoir! Nestled in Bay Colony, a gated community located just steps from Eagle Creek Reservoir, your dream retreat awaits. Opportunities to purchase in this neighborhood do not come about often. This exceptional home offers over 5,000 square feet of beautiful and funct...
5,968
Sq Ft
1986
Year Built
4
Bedrooms
3.2
Bathrooms
Key things to know
- Sold 22% below list in 115 days
- 3 fireplaces
- Finished basement (1,924 sqft)
- 3-car garage
- Bay Colony subdivision
Sold
$645,000
-$180,000 below list (-21.8%)
- Closed
- Dec 17, 2025
- Listed at
- $825,000
- Sold
- 4 months ago
- Sold in
- 115 days
Price history
- Sold$645,000
Dec 17, 2025
- Price reduced$775,000 → $725,000
Oct 30, 2025
- Listedat $825,000
Jul 18, 2025
Recent comparable sales
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5813 Grandvista Drive
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4858 Cedar Branch Court
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Comparative value
5 comps in this range
This home is 28% 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
$825,000Listed· Jul 18, 2025
$725,000Reduced
↓ $100,000 (12.1% off original)
115 days on market
Layout
Primary suite
Closet Walk in
Primary bath
Shower Stall Full,Sinks Double,Tub Whirlpool
Schools
MSD Pike Township
Neighborhood
- Zionsville Community HS8.3 mi
- Downtown Indianapolis10.0 mi
- Carmel Central Park11.3 mi
- Monon Trail (Carmel)12.7 mi
- Carmel High School13.1 mi
- Clay Terrace13.5 mi
PROPERTY DETAILS
Living Area
5,968 sq ft
Year Built
1986
Stories
Two
Subdivision
Bay Colony
Bedrooms
4
Bathrooms
3 full, 2 half
Garage
3 spaces
School District
MSD Pike Township