Indianapolis is typically considered an affordable place to live.
The median price of a single-family home in the city was $225,000 in July, well below the median U.S. price of $367,000, according to the latest data from MIBOR, a local trade organization representing Central Indiana realtors, and the National Association of Realtors.
Yet, some homes in the Circle City currently are on sale for well above the median price. Those homes tend to be luxury estates and downtown condos with multiple bedrooms, loads of bathrooms, high-end features and exclusive views. Here are 10 of the most expensive homes currently for sale in Indianapolis as of Aug. 26.
10. Dutch-colonial blend by Newfields
- 3736 Spring Hollow Road, Indianapolis
- Price: $1,799,500
- Property type: single-family residence
Close to Newfields and the Woodstock Country Club, this estate is a blend of modern and Dutch-colonial with four bedrooms and six bathrooms. The home sits on 1.8 acres and features stainless steel appliances, high ceilings and oversized windows that fill the home with natural light. The master bathroom has a garden tub and double sinks. There’s a breakfast room and formal dining room.
9. Harrison Eiteljorg’s former estate
- 9950 Spring Mill Road, Indianapolis
- Price: $1,925,000
- Property type: single-family residence
The former home of philanthropist and businessman Harrison Eiteljorg, this private French country estate has five bedrooms and 4.5 bathrooms. The home has three fireplaces as well as spacious living and entertaining areas. Other interior features include Jack-n-Jill bath, a two-story foyer, in-law quarters, a formal living room and an upstairs laundry room. The estate has three surrounding parcels of land that may be purchased to increase the privacy of the site, according to the listing. The parcels total a little more than 38 acres. The estate is located in Hamilton County, but it has an Indianapolis address.
8. Home in gated neighborhood on Geist
- 10046 N. Hampton Cove Lane, Indianapolis
- Price: $2,150,000
- Property type: single-family residence
In the gated community of Hampton Cove, this six-bedroom single-family home is located on Geist Reservoir and features an outdoor pool, entertainment areas, a fire pit and boat deck. The home has a newly remodeled kitchen that offers views of the water and six bathrooms. The master suite has a fireplace, walk-in closet and access to a porch. The home’s lower level includes a bar, wine cellar and exercise room.
7. French country chateau
- 8505 Frontgate Lane, Indianapolis
- Price: $2,200,000
- Property type: Single-family home
A French country chateau in northeast Indianapolis, this six-bedroom single-family homes is nestled on 1.35 acres at the back of a private cul-de-sac on a wooded ravine. The estate has an all brick exterior, outdoor pool and a porte cochere, which is a fancy driveway for vehicles to pass through. There are eight bathrooms, three kitchens, a theater room, four fireplaces and hardwood floors throughout the residence.
6. Downtown condo on North Penn
- 429 N. Pennsylvania St. No. 901
- Price: $2,500,000
- Property type: condominium
If you’re interested in home with an amazing view of the city’s landscape downtown, this mid-rise condominium at 429 North Pennsylvania St. might be the place to call home. With four bedrooms and five bathrooms, the residence has a spacious interior and large windows. A chef’s kitchen features Gaggenau appliances, stone countertops and custom cabinetry. There’s also a barrel-vaulted ceiling. The dining room overlooks Veterans’ Memorial Plaza while the master suite has a tiled shower, fireplace and walk-in closet. Additional amenities include a private office, home fitness room and four parking spaces.
5. Conrad hotel condo
- 1 N. Illinois St., #1902, Indianapolis
- Price: $2,500,000
- Property type: condominium
A residence with The Conrad, a upscale hotel in downtown Indianapolis, this three-bedroom, four-bathroom luxury condominium offers views of the downtown. Built in 2011, the condo’s living area spans 3,273 square feet. The residence includes a dining room/great room; master bedroom and bathroom suite with a balcony, walk-in closet, double sinks and full shower; in addition to a wet bar, hardwood floors, private elevator and kitchen with upscale appliances.
4. Meridian Hills home
- 7808 N. Pennsylvania St., Indianapolis
- Price: $2,899,000
- Property type: single-family residence
In the heart of Meridian Hills, this renovated 1936 home by builder W.G. Tait, overlooks more than 4.5 acres of scenery. The residence features a large kitchen, original hunting lodge, five bedrooms and six bathrooms. Other amenities include a breakfast room, formal dining room, a master bedroom suite, a guest house and two laundry rooms. The residence is two stories.
3. Crows nest mansion
- 5715 Sunset Lane, Indianapolis
- Price: $3,950,000
- Property type: single-family residence
With five bedrooms and just as many bathrooms, this two-story residence in the Crows Nest neighborhood has custom finishes, build-in bookshelves, hardwood floors, an open patio and a glass-enclosed porch. Built in 1957, the home has a 11,870 square-feet of living space. Potentials buyers walking through the expansive home will find a Jack-n-Jill bathroom, large foyer, formal living room and laundry in the basement. The home has several fireplaces and master bedroom suite with a walk-in closet.
2. European mansion with formal gardens
- 5870 Sunset Lane, Indianapolis
- Price: $4,100,000
- Property type: Single-family residence
A European-inspired split-level mansion with formal gardens, this four-bedroom, four-bathroom single-family home sits on a 2.5 acre estate in the Crows Nest neighborhood in Washington Township. Classical architectural details can be found throughout the home, which has 12-foot ceilings, wood floors and a great room with French doors that open out to a terrace. The rest of the home includes an attached four-car garage, breakfast room, formal dining room, private elevator, wet bars, and a gourmet kitchen with upscale appliances. The master bedroom features a balcony, walk-in closet and a bathroom with a full shower, double sinks and sitting room. The home was built in 2010.
1. Condo with Monument Circle views
- 1 N. Illinois St. #2101, Indianapolis
- Price: $4,249,000
- Property type: condominium
This three-bedroom, 3.5-bathroom condo offers views of Monument Circle and downtown Indianapolis from inside The Conrad Hotel. The unit features a large master bedroom suite and bathroom with a walk-in closet, double sinks, full tub with separate shower and a whirlpool. There’s also a hidden movie theater, formal dining room, laundry room and office with a separate entrance. Other amenities include a concierge, security, spa, pool, workout center in addition to all hotel perks.
Note: This list was curated to exclude vacant lots, multifamily properties and homes with pending sales.
Contact IndyStar reporter Alexandria Burris at [email protected] or call 317-617-2690. Follow her on Twitter: @allyburris.
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