3403 Island Way Indianapolis, IN 46214
Key Meadows NeighborhoodEstimated payment $2,679/month
Total Views
3,545
2
Beds
2
Baths
1,416
Sq Ft
$302
Price per Sq Ft
Highlights
- Hot Property
- Lake Front
- Vaulted Ceiling
- Ben Davis University High School Rated A
- Water Access
- Ranch Style House
About This Home
Welcome to one of the most exceptional homes on the lake in The Islands - a rare opportunity to own a waterfront gem with approximately 120 feet of lake frontage, one of only three lots like it! Enjoy breathtaking sunsets and water views from nearly every room in the house. This beautifully maintained home features 2 bedrooms plus a versatile flex room, perfect for a 3rd bedroom, office, or hobby space. You'll find three large sliding doors leading to an expansive wood deck overlooking the lake, perfect for entertaining or quiet relaxation. The 2.5-car garage is fully insulated and drywalled, including insulated overhead doors, making it ideal for year-round use. The exterior is professionally landscaped, and the property includes two private docks-one for your boat and one for guests. Inside, enjoy luxury finishes like custom cabinetry and a tiled walk-in shower in the primary suite. A custom nautical-themed fireplace mantle adds charm and character to the great room. Recent updates include; New roof and skylight (2024), Energy-efficient doors and fold-out windows for easy maintenance, freshly painted outdoor trim (2023) and indoor trim (2024), New dimmable recessed lighting (2024) in the kitchen and great room, USB-outfitted electrical outlets (2024) in every room (except kitchen, bath, and garage), Custom entertainment center in the living room, built-in sound system in the office, primary bedroom, great room, kitchen and deck. Whether you're hosting lakeside gatherings or enjoying a peaceful retreat, this home offers the serenity of waterfront living with the convenience of city life. Don't miss your chance to own this one-of-a-kind lakeside paradise!
Listing Agent
Sold It Realty Group Brokerage Email: lori@lorisoldit.com License #RB14030289
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,992
Year Built
- Built in 1990
Lot Details
- 7,244 Sq Ft Lot
- Lake Front
HOA Fees
- $34 Monthly HOA Fees
Parking
- 2 Car Attached Garage
Home Design
- Ranch Style House
- Slab Foundation
- Vinyl Siding
Interior Spaces
- 1,416 Sq Ft Home
- Wired For Sound
- Built-in Bookshelves
- Vaulted Ceiling
- Skylights
- Thermal Windows
- Great Room with Fireplace
- Water Views
- Pull Down Stairs to Attic
- Laundry closet
Kitchen
- Eat-In Kitchen
- Double Oven
- Electric Oven
- Electric Cooktop
- Built-In Microwave
- Dishwasher
- Disposal
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 2 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Outdoor Features
- Water Access
- Multiple Outdoor Decks
- Covered patio or porch
Utilities
- Electric Water Heater
Community Details
- Association fees include insurance, snow removal
- Association Phone (317) 292-8582
- The Islands Subdivision
- Property managed by Trent Management, LLC
- The community has rules related to covenants, conditions, and restrictions
Listing and Financial Details
- Legal Lot and Block 70 / 2
- Assessor Parcel Number 490522114006000900
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,619 | $245,100 | $25,000 | $220,100 |
| 2023 | $2,619 | $216,000 | $25,000 | $191,000 |
| 2022 | $2,465 | $201,500 | $25,000 | $176,500 |
| 2021 | $2,288 | $165,800 | $25,000 | $140,800 |
| 2020 | $2,172 | $158,000 | $25,000 | $133,000 |
| 2019 | $2,030 | $148,400 | $25,000 | $123,400 |
| 2018 | $1,637 | $134,900 | $25,000 | $109,900 |
| 2017 | $1,561 | $128,900 | $25,000 | $103,900 |
| 2016 | $1,595 | $131,800 | $25,000 | $106,800 |
| 2014 | $1,285 | $128,500 | $25,000 | $103,500 |
| 2013 | $1,335 | $124,700 | $25,000 | $99,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/24/2025 05/24/25 | For Sale | $428,000 | -- | $302 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
About the Listing Agent
Hello, my name is Lori Redman and I am your full-time, full service local realtor. I began my real estate career in 2002 after a career as a nurse. With my love for people and the community I spend time in, I quickly built a thriving real estate business. I had always dreamed of opening my own real estate company and after a mixture of prayer, faith, long hours and hard work that dream became a reality in 2018, opening Sold It Realty Group. Opening Sold It Realty Group has allowed me the
Lori's Other Listings
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22040548
APN: 49-05-22-114-006.000-900
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