Sheldon Barnes
For Sale — 728 Pawnee Road, Carmel, IN 460323
Beds
3
Baths
1,900
Sq Ft
2026
Year Built
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Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Carmel, Indiana and the rest of Hamilton County. Book a private tour of 728 Pawnee Rd, Unit 400 in Magnolia, ask any question about this home, or talk through what you should know about buying in Carmel.
ABOUT THIS HOME
A remarkable and extremely rare opportunity to purchase a 3-bedroom unit in the enormously sought-after Magnolia development in Downtown Carmel. The property has never been occupied and has been finished with incredible attention to detail, with stunning finishes throughout. Spanning over 1,900 luxurious square feet, the home also features an incredible covered outdoor space complete with electronic screens, composite decking, and a brick gas fireplace. The kitchen is utterly gorgeous, with beautiful quartz countertops, high-end appliances, seamless modern cabinetry, and a separate wet bar. The property is situated in a secure building that consists of only five units, ensuring that you have privacy without totally compromising community. The property is also complete with a 2-car garage and an additional secure storage room.
Key things to know
- Never occupied, new construction 2026
- Covered patio with electronic screens and gas fireplace
- Quartz countertops, high-end appliances, wet bar
- Only 5 units in secure building for privacy
- 2-car garage plus secure storage
Browse by room
15 rooms · 46 photos
Monthly payment
Estimate · $1,100,000
$6,496/mo
≈ $5,855 principal & interest · $8 tax · $634 HOA
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $220,000 on a loan of $880,000.
Price history
- Listedat $1,150,000
Mar 27, 2026
Magnolia · activity
past 6 months
- Sold
- 7
- Median price
- $1,128,773
- Median DOM
- 1 days
Recent comparable sales
$674,900
14411 Jeffrey Court
3bd · 2ba · 2,208 sqft
Sold May 2026
$385,000
604 Beaverbrook Drive
3bd · 2ba · 1,459 sqft
Sold May 2026
$605,294
851 Ashdown Lane
3bd · 4ba · 2,049 sqft
Sold May 2026
$419,900
14811 Beacon Boulevard
4bd · 3ba · 2,086 sqft
Sold May 2026
$390,000
14530 Baldwin Lane
3bd · 3ba · 2,091 sqft
Sold May 2026
Comparative value
5 comps in this range
This home is 162% above median for similar nearby sales.
Estimated values and comparable-sales ranges shown here are for informational purposes only. They are derived from public records and recent MLS sales, are not an appraisal or formal Comparative Market Analysis (CMA), and should not be used as the sole basis for any pricing, purchase, sale, or financing decision. For an accurate market value of a specific property, contact Sheldon Barnes for a personalized CMA.
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
Climate
AI-detected from photos
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$1,150,000Listed· Mar 27, 2026
34 days on market
Layout
Primary suite
Closet Walk in
Primary bath
Shower Stall Full,Sinks Double,Suite
Schools
Carmel Clay Schools
- 0.4 mi
High
Carmel High School
Neighborhood
- Carmel High School0.4 mi
- Carmel Arts & Design District0.7 mi
- Monon Trail (Carmel)0.9 mi
- Clay Terrace1.5 mi
- Carmel Central Park1.9 mi
- IU Health North Hospital2.9 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,900 sq ft
Year Built
2026
Stories
One
Subdivision
Magnolia
Bedrooms
3
Bathrooms
3 full
Garage
2 spaces
School District
Carmel Clay Schools
TAX ASSESSMENT
Hamilton County assessed values for current year
Total Assessed Value
$1,533,700
Land Value
$400,000
26% of total
Improvement Value
$1,133,700
74% of total
- Annual tax · 2024
- $94