5550 Bay Colony Ln Indianapolis, IN 46234
Eagle Creek NeighborhoodEstimated payment $4,740/month
Highlights
- Gated Community
- Mature Trees
- Vaulted Ceiling
- 0.85 Acre Lot
- Family Room with Fireplace
- Wood Flooring
About This Home
Water access to Eagle Creek Reservoir! Nestled in Bay Colony, a gated community located just steps from Eagle Creek Reservoir, your dream retreat awaits. Opportunities to purchase in this neighborhood do not come about often. This exceptional home offers over 5,000 square feet of beautiful and functional space, vaulted ceilings, natural light throughout, and 3 fireplaces. Two decks off the main level and your walkout basement patio face a private and secluded backyard with no neighbors in view. Neighborhood access to the water means you can enjoy kayaking daily! Highlights include your primary suite, a true sanctuary with a spacious walk-in closet, and spa-inspired bathroom. Gather friends and family to entertain in the hearth room, complete with full wet bar, pool table stays. The walkout basement features 3 more truly unique and expansive living areas. Enjoy sailing, kayaking, golfing, hiking, bird watching, and all that living on the reservoir has to offer.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,778
Year Built
- Built in 1986
Lot Details
- 0.85 Acre Lot
- Mature Trees
- Wooded Lot
HOA Fees
- $129 Monthly HOA Fees
Parking
- 3 Car Attached Garage
Home Design
- Concrete Perimeter Foundation
Interior Spaces
- 2-Story Property
- Wet Bar
- Bar Fridge
- Vaulted Ceiling
- Gas Log Fireplace
- Entrance Foyer
- Family Room with Fireplace
- 3 Fireplaces
- Living Room with Fireplace
- Finished Basement
- Fireplace in Basement
Kitchen
- Eat-In Kitchen
- Gas Oven
- Gas Cooktop
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
Laundry
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
Listing and Financial Details
- Tax Lot L35
- Assessor Parcel Number 490509111002000600
Community Details
Overview
- Bay Colony Subdivision
- Property managed by Kirkpatrick
Security
- Gated Community
Map
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 | $6,391 | $613,600 | $106,100 | $507,500 |
| 2023 | $6,391 | $613,600 | $106,100 | $507,500 |
| 2022 | $6,025 | $613,600 | $106,100 | $507,500 |
| 2021 | $5,738 | $549,700 | $70,200 | $479,500 |
| 2020 | $5,499 | $526,500 | $70,200 | $456,300 |
| 2019 | $5,259 | $503,300 | $70,200 | $433,100 |
| 2018 | $5,058 | $483,900 | $70,200 | $413,700 |
| 2017 | $5,006 | $479,400 | $70,200 | $409,200 |
| 2016 | $4,793 | $458,800 | $70,200 | $388,600 |
| 2014 | $4,319 | $431,900 | $70,200 | $361,700 |
| 2013 | $4,710 | $431,900 | $70,200 | $361,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/16/2025 09/16/25 | Price Changed | $775,000 | -3.1% | $130 / Sq Ft |
| 08/14/2025 08/14/25 | Price Changed | $799,900 | -3.0% | $134 / Sq Ft |
| 07/18/2025 07/18/25 | For Sale | $825,000 | +87.5% | $138 / Sq Ft |
| 12/31/2014 12/31/14 | Sold | $440,000 | -3.8% | $74 / Sq Ft |
| 11/25/2014 11/25/14 | Price Changed | $457,500 | -0.5% | $77 / Sq Ft |
| 11/20/2014 11/20/14 | Price Changed | $460,000 | -0.5% | $77 / Sq Ft |
| 11/17/2014 11/17/14 | Price Changed | $462,500 | -1.1% | $77 / Sq Ft |
| 11/10/2014 11/10/14 | Price Changed | $467,500 | -0.5% | $78 / Sq Ft |
| 11/06/2014 11/06/14 | Price Changed | $470,000 | -0.5% | $79 / Sq Ft |
| 11/03/2014 11/03/14 | Price Changed | $472,500 | -0.5% | $79 / Sq Ft |
| 09/12/2014 09/12/14 | Price Changed | $475,000 | -4.8% | $80 / Sq Ft |
| 07/25/2014 07/25/14 | Price Changed | $499,000 | -5.0% | $84 / Sq Ft |
| 06/24/2014 06/24/14 | For Sale | $525,000 | -- | $88 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | -- | Security Title Services |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $340,000 | Credit Line Revolving |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22032801
APN: 49-05-09-111-002.000-600
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
- 8417 Bay Colony Dr
- 5351 Potters Pike
- 5101 Green Braes Dr E
- 9022 W 52nd St
- 5551 N Raceway Rd
- 5525 Bay Landing Ct
- 5890 Courtyard Crescent
- 10900 Pine Valley Path
- 8315 Eagle Crest Ln
- 5664 Crump Ln
- 5491 Ralfe Rd
- 4535 Mccurdy Rd
- 5538 Goodwin St
- 6642 Clearwood Dr
- 7584 Ballinshire N
- 5683 James Blair Dr
- 6261 Lakeland Ln
- 4740 Pennington Ct
- 4774 Stansbury Ln
- 5886 Brookstone Dr
- 5777 Scotland St
- 7569 Cherryhill Dr
- 10400 Hickory Hill Dr
- 10356 Split Rock Way
- 10309 Gateway Dr
- 10709 Mcclain Dr
- 6555 Eagle Crossing Blvd
- 6670 Eagle Crossing Blvd
- 10165 Split Rock Way
- 4061 Eagle Roost Dr
- 4916 Eagle Talon Ct
- 5483 Holly Springs Dr W
- 10395 Butler Dr
- 5525 Elkhorn Dr
- 5006 Aspen Crest Ln
- 5144 Stanhope Ln
- 10286 Butler Dr
- 4401 Eagle Creek Pkwy
- 4447 Caledonia Way
- 6625 Kinnerton Dr