Welcome to one of the most exceptional homes on the lake in The Islands - a rare opportunity to own a waterfront gem and feel like you are on vacation 24/7 - 365, 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 and feel like you're on vacation every day!
Pending
Price cut: $9K (6/13)
$419,000
3403 Island Way, Indianapolis, IN 46214
2beds
1,416sqft
Est.:
Residential, Single Family Residence
Built in 1990
7,405.2 Square Feet Lot
$-- Zestimate®
$296/sqft
$34/mo HOA
What's special
Waterfront gemCustom nautical-themed fireplace mantleExpansive wood deckLuxury finishesTwo private docksCustom entertainment centerBuilt-in sound system
- 75 days
- on Zillow |
- 465 |
- 21 |
Zillow last checked: 7 hours ago
Listing updated: July 16, 2025 at 01:16pm
Listing Provided by:
Lori Redman 317-370-9413,
Sold It Realty Group
Source: MIBOR as distributed by MLS GRID,MLS#: 22040548

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 208 Square Feet
- Dimensions: 16x13
Bedroom 2
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Breakfast room
- Level: Main
- Area: 99 Square Feet
- Dimensions: 11x9
Kitchen
- Level: Main
- Area: 99 Square Feet
- Dimensions: 9x11
Living room
- Level: Main
- Area: 378 Square Feet
- Dimensions: 21x18
Office
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Electric Cooktop, Dishwasher, Electric Water Heater, Disposal, MicroHood, Microwave, Double Oven, Electric Oven, Refrigerator
- Laundry: Laundry Closet
Features
- Attic Pull Down Stairs, Built-in Features, Vaulted Ceiling(s), High Speed Internet, Eat-in Kitchen, Wired for Sound, Walk-In Closet(s)
- Has basement: No
- Attic: Pull Down Stairs
- Number of fireplaces: 1
- Fireplace features: Great Room, Wood Burning
Interior area
- Total structure area: 1,416
- Total interior livable area: 1,416 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Deck
- Waterfront features: Dock, Lake Front, Water Access, Water View
Lot
- Size: 7,405.2 Square Feet
Details
- Parcel number: 490522114006000900
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Slab
Condition
- New construction: No
- Year built: 1990
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Community
- Subdivision: The Islands
HOA
- Has HOA: Yes
- Amenities included: Insurance, Snow Removal
- Services included: Entrance Common, Insurance, Snow Removal
- HOA fee: $409 annually
- HOA phone: 317-292-8582
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $296/sqft
- Tax assessed value: $245,100
- Annual tax amount: $2,992
- Date on market: 5/24/2025
- Electric utility on property: Yes
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