$424,900
NEW CONSTRUCTION

5408 E Shae Lake Dr Mooresville, IN 46158

Estimated payment $2,516/month

3 Beds
2 Baths
1,713 Sq Ft
$248 Price per Sq Ft

Highlights

  • New Construction
  • Pond View
  • 2 Car Attached Garage
  • Home fronts a pond
  • Ranch Style House
  • Eat-In Kitchen

About This Home

Welcome to a truly unique opportunity offering the best of both worlds - Condo-Style convenience with the freedom of lot ownership! Choose from "move-in ready" spec homes for immediate possession or select your own lot and design your dream home with a trusted Custom home builder. Each home offers all-brick construction, 9' ceilings, solid 3'0 interior doors, custom cabinetry, some ADA and numerous high-end features included in the base price - no hidden upgrades! With multiple floor plans available, you're sure to find one that suits your lifestyle, whether you're looking to downsize or expand. 2-3 Bedrooms and 2-3 Car Garage plans available. This thoughtfully designed neighborhood emphasizes carefree living with a comprehensive HOA package that covers lawn care, snow removal, common area upkeep, and more. Say goodbye to weekend yard work and hello to more time enjoying the community! Commons area includes 2 Stocked Ponds, Clubhouse w/Exercise Room, Full Kitchen, Pool table/ping pong game rooms, Library/Reading room and more. Scenic sidewalks around the lakes and entire neighborhood - perfect for outdoor walks, jogs, or bike rides. Located minutes from shopping, medical facilities, dining, the airport, and major highways. Whether you're looking to move quickly or plan your perfect build, this neighborhood offers unmatched flexibility, quality, and value in Central Indiana. Homes are crafted with attention to detail and comfort. Schedule a tour today or inquire about available lots and custom home plans - your low-maintenance lifestyle awaits!

Listing Agent

Debbie Cox

Carpenter, REALTORS® License #RB14018764 Listed on: 08/13/2025

Carpenter, REALTORS®

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6

Year Built

  • Built in 2025 | New Construction

Lot Details

  • 6,665 Sq Ft Lot
  • Home fronts a pond
  • Sprinkler System

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Property Views

  • Pond
  • Neighborhood

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 1,713 Sq Ft Home
  • Luxury Vinyl Plank Tile Flooring
  • Sump Pump
  • Attic Access Panel
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level

Accessible Home Design

  • Halls are 36 inches wide or more
  • Handicap Accessible
  • Accessibility Features
  • Accessible Doors

Schools

  • Paul Hadley Middle School
  • Mooresville High School

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Community Details

  • Association fees include builder controls, home owners, clubhouse, common cooling, common heat, sewer, exercise room, insurance, lawncare, maintenance, nature area, snow removal, trash
  • Lakeside Commons Subdivision

Listing and Financial Details

  • Tax Lot 110
  • Assessor Parcel Number 550232275016000015

Home Details

Home Type

Single Family

Est. Annual Taxes

$6

Year Built

Built in 2025 | New Construction

Lot Details

0

HOA Fees

$200 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch, Traditional
  • Builder Name: Shae Company
  • Property Type: Residential
  • New Construction: Yes
  • Accessibility Features: Hallway - 36 Inch Wide, Accessible Doors
  • Tax Year: 2023
  • Year Built: 2025
  • Building Area Total: 1713
  • Garage Y N: Yes
  • Lot Size Acres: 0.15
  • Subdivision Name: Lakeside Commons
  • Transaction Type: Sale
  • Accessibility Features YN: Yes
  • Special Features: NewHome

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Disposal, Gas Water Heater, Water Heater, Other
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Attic Access, Breakfast Bar, High Ceilings, Handicap Accessible Interior, Hi-Speed Internet Availbl, Eat-in Kitchen, Pantry, Walk-In Closet(s)
  • Living Area: 1713
  • Main Level Bedrooms: 3
  • Other Equipment: Smoke Alarm, Sump Pump
  • Areas Interior: Bedroom Other on Main,Laundry in Unit
  • Eating Area: Dining Combo/Kitchen,Other Eating Area
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Main Level Sq Ft: 1713
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Updated
  • Upper Level Sq Ft: 0
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Brick
  • Exterior Features: Exterior Handicap Accessible, Lighting, Sprinkler System
  • Foundation Details: Block
  • List Price: 424900
  • Patio And Porch Features: Covered
  • Pool Private Y N: No
  • Property Condition: New Construction
  • View: Neighborhood, Pond, Water
  • View Y N: Yes
  • Waterfront Features: Pond, Water View, Waterfront
  • Waterfront: Yes
  • Construction Stage: Completed

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached, Concrete, Garage Door Opener, Guest
  • Garage Parking Other: Finished Garage,Garage Door Opener,Guest Street Parking,Keyless Entry
  • Garage Sq Ft: 469

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • Heating: Forced Air, Natural Gas
  • Laundry Features: Laundry Room, Main Level
  • Water Source: Public
  • Solid Waste: No

Condo/Co-op/Association

  • Association Amenities: Clubhouse, Exercise Course, Fitness Center, Insurance, Maintenance, Snow Removal, Trash
  • Association Fee: 200
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • H O A Disclosures: Covenants & Restrictions,Rental Restrictions

Fee Information

  • Association Fee Includes: Association Builder Controls, Association Home Owners, Clubhouse, Common Cooling, Common Heat, Sewer, Entrance Common, Exercise Room, Insurance, Lawncare, Maintenance, Nature Area, Snow Removal, Trash

Schools

  • Middle Or Junior School: Paul Hadley Middle School

Lot Info

  • Lot Features: Close to Clubhouse, Access, Sidewalks, Street Lights
  • Property Attached Yn: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 6665
  • Parcel Number: 550232275016000015
  • Acres: <1/4 Acre
  • Price Acre: 2832667

Tax Info

  • Tax Annual Amount: 6
  • Tax Lot: 110
  • Semi Annual Property Tax Amt: 3

MLS Schools

  • High School: Mooresville High School

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $3,062 $296,000 $65,000 $231,000
2023 $5 $300 $300 $0
2022 $5 $200 $200 $0
2021 $5 $200 $200 $0
2020 $2 $200 $200 $0
2019 $5 $300 $300 $0
2018 $5 $300 $300 $0
2017 $5 $300 $300 $0
2016 $5 $300 $300 $0
2014 $5 $300 $300 $0
2013 $5 $300 $300 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2025 08/13/25 For Sale $424,900 -- $248 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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Source: MIBOR Broker Listing Cooperative®

MLS Number: 21995943

MIBOR Broker Listing Cooperative®

APN: 55-02-32-275-016.000-015