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Active
    • Price cut: $50K (7/15)
    $1,500,000

    9731 Decatur Dr, Indianapolis, IN 46256

    5beds
    6,121sqft
    : 
    $9,654/mo
    Get pre-qualified
    Residential, Single Family Residence
    Built in 1994
    0.6 Acres Lot
    $-- Zestimate®
    $245/sqft
    $44/mo HOA

    What's special

    Hot tubLuxurious primary suiteWalkout basementElegant living spacesSoaring ceilingsPrivate half basketball courtPrivate movie theater
    Welcome home to this RARE opportunity on Geist Reservoir. Tucked away on a private cul-de-sac in the prestigious Masthead community, this extraordinary 4-bedroom, 5-bathroom lakefront home offers over 6,190 square feet of luxury living paired with one of the rarest amenities on Geist Reservoir, "a grandfathered-in" boat garage. No longer permitted to be built on the lake, this coveted feature makes this property truly irreplaceable. Designed to maximize breathtaking water views, the home welcomes you with soaring ceilings and dramatic floor-to-ceiling windows that frame the waters of Geist from nearly every angle. Whether you're enjoying your morning coffee in the sunroom, hosting friends in the expansive all-seasons room complete with a built-in indoor gas grill, or unwinding beside the fireplace, every space is designed to bring the outdoors in. The main level offers elegant living spaces, a luxurious primary suite, and seamless flow for both everyday living and entertaining. Upstairs, enjoy your own private movie theater, while the walkout lower level provides additional living and recreation space with direct access to the backyard oasis. Step outside and discover what truly sets this property apart. Spend summer evenings on the rooftop sun deck atop the boat garage, entertaining guests while taking in panoramic views of Geist Reservoir. Launch your boat with ease, relax in the hot tub after a day on the water, shoot hoops on the private half basketball court, or gather with friends across multiple outdoor entertaining spaces designed for unforgettable lakefront living. Complete with a 3-car garage, walkout basement, and endless amenities throughout, this is more than a home; it's a rare piece of Geist history that can never be recreated. Luxury. Lifestyle. Legacy. Welcome to Geist Reservoir living at its finest!
    37 days
    |
    3,602
    |
    239
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Scott Chain 317-777-1428,

    RE/MAX Advanced Realty

    Source: MIBOR as distributed by MLS GRID,MLS#: 22109056MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 5
      • Full bathrooms: 3
      • 1/2 bathrooms: 2
      • Main level bathrooms: 3
      • Main level bedrooms: 1
      Primary bedroom
      • Level: Main
      • Area: 460 Square Feet
      • Dimensions: 20x23
      Bedroom 2
      • Level: Basement
      • Area: 210 Square Feet
      • Dimensions: 14x15
      Bedroom 3
      • Level: Basement
      • Area: 224 Square Feet
      • Dimensions: 16x14
      Bedroom 4
      • Level: Basement
      • Area: 210 Square Feet
      • Dimensions: 14x15
      Bedroom 5
      • Level: Upper
      • Area: 513 Square Feet
      • Dimensions: 27x19
      Dining room
      • Level: Main
      • Area: 156 Square Feet
      • Dimensions: 12x13
      Family room
      • Level: Basement
      • Area: 782 Square Feet
      • Dimensions: 34x23
      Great room
      • Level: Main
      • Area: 266 Square Feet
      • Dimensions: 19x14
      Other
      • Level: Upper
      • Area: 513 Square Feet
      • Dimensions: 27x19
      Kitchen
      • Level: Main
      • Area: 224 Square Feet
      • Dimensions: 14x16
      Library
      • Level: Main
      • Area: 143 Square Feet
      • Dimensions: 11x13
      Living room
      • Level: Main
      • Area: 352 Square Feet
      • Dimensions: 16x22
      Play room
      • Level: Basement
      • Area: 255 Square Feet
      • Dimensions: 15x17
      Sun room
      • Features: Tile-Ceramic
      • Level: Main
      • Area: 352 Square Feet
      • Dimensions: 22x16
      Heating
      • Forced Air, Heat Pump, Natural Gas
      Cooling
      • Central Air
      Appliances
      • Included: Electric Cooktop, Dishwasher, Dryer, Disposal, MicroHood, Microwave, Double Oven, Refrigerator, Trash Compactor, Washer, Gas Water Heater, Humidifier, Water Softener Owned
      • Laundry: Main Level
      Features
      • Attic Access, Built-in Features, Walk-In Closet(s), Hardwood Floors, Wet Bar, Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, High Speed Internet, Kitchen Island, Pantry
      • Flooring: Hardwood
      • Basement: Ceiling - 9+ feet,Daylight,Egress Window(s),Exterior Entry,Finished,Walk-Out Access
      • Attic: Access Only
      • Number of fireplaces: 2
      • Fireplace features: Double Sided, Family Room, Great Room, Other
      Interior area
      • Total structure area: 6,121
      • Total interior livable area: 6,121 sqft
      • Finished area below ground: 2,008

      Property

      Parking
      • Total spaces: 3
      • Parking features: Attached
      • Attached garage spaces: 3
      • Details: Garage Parking Other(Finished Garage, Keyless Entry)
      Features
      • Levels: One and One Half
      • Stories: 1
      • Patio & porch: Covered, Deck, Glass Enclosed, Patio, Screened
      • Exterior features: Sprinkler System, Gas Grill
      • On waterfront: Yes
      • Waterfront features: Lake Front, Water View, On Reservoir
      Lot
      • Size: 0.6 Acres
      • Features: Cul-De-Sac
      Details
      • Parcel number: 291509302004000020
      • Other equipment: Intercom
      • Horse amenities: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: French Provincial,Ranch
      • Property subtype: Residential, Single Family Residence
      Materials
      • Brick, Wood Siding
      • Foundation: Concrete Perimeter
      Condition
      • New construction: No
      • Year built: 1994

      Utilities & green energy

      • Water: Public

      Community & HOA

      Community
      • Security: Security System
      • Subdivision: Masthead
      HOA
      • Has HOA: Yes
      • Services included: Association Home Owners, Insurance, Maintenance, Security, Snow Removal
      • HOA fee: $525 annually
      • HOA phone: 317-875-5600
      Location
      • Region: Indianapolis

      Financial & listing details

      • Price per square foot: $245/sqft
      • Tax assessed value: $1,416,200
      • Annual tax amount: $13,636
      • Date on market: 6/19/2026
      • Cumulative days on market: 38 days

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/15/2026Price change$1,500,000-3.2%$245/sqft
        Source: MIBOR as distributed by MLS GRID #22109056 Report a problem
        6/19/2026Listed for sale$1,550,000+40.9%$253/sqft
        Source: MIBOR as distributed by MLS GRID #22109056 Report a problem
        12/6/2021Sold$1,100,000$180/sqft
        Source: MIBOR as distributed by MLS GRID #21758594 Report a problem
        1/9/2021Pending sale$1,100,000$180/sqft
        Source: RE/MAX Realty Services #21758594 Report a problem
        1/7/2021Listed for sale$1,100,000$180/sqft
        Source: RE/MAX Realty Services #21758594 Report a problem
        7/20/2020Listing removed$1,100,000$180/sqft
        Source: RE/MAX Realty Services #21708473 Report a problem
        2/1/2020Price change$1,100,000-8.1%$180/sqft
        Source: RE/MAX Realty Services #21692870 Report a problem
        10/11/2019Listed for sale$1,197,500+49.9%$196/sqft
        Source: RE/MAX Realty Services #21673712 Report a problem
        7/6/2011Listing removed$799,000$131/sqft
        Source: Visual Tour #21035108 Report a problem
        6/25/2011Listed for sale$799,000+22.9%$131/sqft
        Source: Visual Tour #21035108 Report a problem
        4/21/2011Sold$650,000+0%$106/sqft
        Source: MIBOR as distributed by MLS GRID #21102416 Report a problem
        3/8/2011Pending sale$649,900$106/sqft
        Source: BIRDVIEW Technologies. Inc. #21102416 Report a problem
        1/17/2011Price change$649,900-34.7%$106/sqft
        Source: CENTURY 21 Scheetz #21102416 Report a problem
        8/18/2010Price change$995,000-20.4%$163/sqft
        Source: Cox Estates Realty #270605 Report a problem
        7/7/2010Listed for sale$1,250,000-21.9%$204/sqft
        Source: Visual Tour #21035108 Report a problem
        7/10/2008Listing removed$1,600,000$261/sqft
        Source: Listhub #2801283 Report a problem
        1/18/2008Listed for sale$1,600,000$261/sqft
        Source: Visual Tour #2801283 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$17,068 +19.3%$1,416,200 -0.4%
        2024$14,304 +16.4%$1,421,900 +19.1%
        2023$12,290 +15.7%$1,193,500 +19.9%
        2022$10,619 +1%$995,300 +16.6%
        2021$10,516 -4.7%$853,900 +2%
        2020$11,030 +2.6%$836,900 -4.5%
        2019$10,750 -32.6%$876,300 +3.5%
        2018$15,959 +51.9%$846,800 +0.6%
        2017$10,509 +10.9%$841,800 -0.3%
        2016$9,475 +10.8%$844,100 +11%
        2014$8,552 +2.5%$760,700 +1.3%
        2013$8,347 +2%$750,900 +2.2%
        2012$8,182 +9.1%$734,800 +7.7%
        2011$7,497 -44.5%$682,100
        2010$13,508 +24.2%$682,100
        2009$10,879 +40.9%$682,100 -4.6%
        2007$7,720 -17.4%$714,900 -2.8%
        2006$9,351 $735,300 +28.8%
        2005-- $570,700
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 46256

        Getting around

        10 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        38 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Geist Elementary School
        • Middle: Fall Creek Junior High
        • High: Hamilton Southeastern HS

        Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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