Sheldon Barnes
For Sale — 8649 Bay Colony Drive, Indianapolis, IN 462348649 Bay Colony Drive
Indianapolis, Indiana 46234
Bay Colony
$1,200,000
Schedule a Showing3
Beds
4
Baths
5,078
Sq Ft
1984
Year Built
1.03
Acres
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ABOUT THIS HOME
Discover lakeside living at its finest in the prestigious Bay Colony community on Eagle Creek Reservoir. This stunning 3-bed, 4-bath (2 Full/2 half) home offers over 5,000 sq ft of beautifully appointed living space on a rare 1-acre lot with direct water access. Beautiful Living Room with stone fireplace, wood ceiling and stunning floor, formal dining room, kitchen, breakfast room, laundry room and 3 car garage. Primary bedroom on main with a private deck and fireplace, attached bath with spa tub, separate tiled shower, double vanities and large walk-in closet. 1/2 bath and Office w/built-ins rounds out this well appointed first floor. Down 1 level leads to Family room w/fireplace, bar, storage, 1/2 bath and 2 large bedrooms with Jack & Jill bath. Down another level brings you to an in-home gym w/equip, theatre room, walk-out to back yard as well as an additional 2 car garage! Traditional architectural details blend with serene natural surroundings to create an inviting retreat just minutes from downtown Indianapolis. Bay Colony is a private, gated neighborhood known for its exclusive waterfront homes, mature trees, and peaceful setting. Experience the best of comfort, space, and scenery in this remarkable property.
Key things to know
- Direct water access on eagle creek reservoir
- Primary suite on main with private deck and fireplace
- Three-level home with in-home gym and theater room
- Dual fireplaces and wet bar
- 4-car garage (split across two levels)
Browse by room
14 rooms · 76 photos
Monthly payment
Estimate · $1,200,000
$7,930/mo
≈ $6,387 principal & interest · $1,482 tax · $61 HOA
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $240,000 on a loan of $960,000.
Price history
- Listedat $1,200,000
Nov 21, 2025
Recent comparable sales
$343,000
10105 Yosemite Lane
4bd · 3ba · 3,636 sqft
Sold May 2026
$420,000
10145 Eagle Eye Way
4bd · 3ba · 4,392 sqft
Sold Jan 2026
$384,900
5813 Grandvista Drive
4bd · 5ba · 5,484 sqft
Sold Jan 2026
$465,000
8618 Log Run Drive S
3bd · 3ba · 3,752 sqft
Sold Sep 2025
$660,000
1771 Pine Meadow Drive
4bd · 4ba · 4,152 sqft
Sold Aug 2025
Comparative value
5 comps in this range
This home is 186% 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
$1,200,000Listed· Nov 21, 2025
9 days on market
Layout
Primary suite
Balcony,Closet Walk in,Fireplace
Primary bath
Shower Stall Full,Tub Full
Schools
MSD Pike Township
Elementary
Eagle Creek Elementary School
Middle
Lincoln Middle School
High
Pike High School
Neighborhood
- Zionsville Community HS8.5 mi
- Downtown Indianapolis10.1 mi
- Carmel Central Park11.4 mi
- Monon Trail (Carmel)12.9 mi
- Carmel High School13.3 mi
- Clay Terrace13.6 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
5,078 sq ft
Year Built
1984
Stories
Multi/Split
Subdivision
Bay Colony
Bedrooms
3
Bathrooms
2 full, 2 half
Garage
4 spaces
School District
MSD Pike Township