
Sheldon Barnes
For Sale — 9238 Treasure Point, Indianapolis, IN 462369238 Treasure Point
Indianapolis, Indiana 46236
Admirals Bay
$1,800,000
Schedule a Showing4
Beds
5
Baths
7,369
Sq Ft
1997
Year Built
0.41
Acres
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Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Indianapolis, Indiana and the rest of Hamilton County. Book a private tour of 9238 Treasure Point in Admirals Bay, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
Tucked away on a quiet private six-home street, this exceptional three-level waterfront retreat offers a lifestyle that feels like a permanent getaway while still being just minutes from shopping, dining, entertainment, and everyday conveniences. Surrounded by scenic walking trails and peaceful water views, this beautifully updated home was designed for both relaxation and entertaining. The heart of the home, the stunning fully remodeled kitchen creates the perfect gathering space with beautiful finishes, expansive prep space, and seamless flow into the great room and dining areas. Natural light pours through the home, highlighting the refinished hardwood floors and creating a warm, inviting atmosphere ideal for everything from quiet mornings overlooking the water to hosting holidays and waterfront dinners with family and friends. The thoughtfully designed layout offers incredible flexibility across all three levels with multiple rooms that can easily serve as guest suites, fitness areas, media rooms, playrooms, or creative spaces. A private office provides the perfect work-from-home retreat, while the middle-level wet bar adds another layer of effortless entertaining and relaxed waterfront living. Finished lower level expands the home even further, creating the ultimate space for movie nights, game-day gatherings, overnight guests, or simply unwinding after a day on the water. Every level was designed to maximize comfort, functionality, and connection. Step outside to enjoy the upgraded deck overlooking the water, covered entertaining space below, relaxing hot tub, & private boat lift just steps away making sunset cruises and lake days part of everyday life. Thoughtfully updated throughout with extensive improvements including the 2024 kitchen remodel, finished lower level, roof, tankless water heater, smart home features, refinished hardwoods, updated lighting, & more, this home blends modern comfort with timeless waterfront living in one truly special setting
Key things to know
- Spa / hot tub
- 3 fireplaces
- Finished basement (1,931 sqft)
- 3-car garage
- Admirals Bay subdivision
Monthly payment
Estimate · $1,800,000
$10,533/mo
≈ $9,580 principal & interest · $906 tax · $46 HOA
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $360,000 on a loan of $1,440,000.
Price history
- Listedat $1,800,000
May 11, 2026
Admirals Bay · activity
past 6 months
- Sold
- 6
- Median price
- $495,000
- Median DOM
- 19 days
Recent comparable sales

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6535 Royal Oakland Place
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8635 Sturgen Bay Lane
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Comparative value
5 comps in this range
This home is 145% 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
Exterior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$1,800,000Listed· May 11, 2026
1 days on market
Layout
Primary suite
Closet Walk in
Primary bath
Sinks Double,Tub Full with Separate Shower,Tub Whirlpool
Schools
MSD Lawrence Township
Neighborhood
- Fishers High School4.7 mi
- Conner Prairie4.7 mi
- Hamilton Southeastern HS4.8 mi
- Hamilton Town Center4.9 mi
- IU Health North Hospital7.5 mi
- Monon Trail (Carmel)9.8 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
7,369 sq ft
Year Built
1997
Stories
Multi/Split
Subdivision
Admirals Bay
Bedrooms
4
Bathrooms
3 full, 2 half
Garage
3 spaces
School District
MSD Lawrence Township
