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8649 Bay Colony Drive

Indianapolis, IN 46234

ActiveListed Nov 21, 2025 · 294 days on market

Key facts

Beds
3
Baths
2 full · 2 half
Living area
5,078 sqft
Lot
1.03 acres
Year built
1984
Type
Residential · Single Family Residence
Stories
Multi/split
Garage
4 spaces
MLS #
22074264
County
Marion
Subdivision
Bay Colony

About this home

Discover lakeside living at its finest in the prestigious Bay Colony community on Eagle Creek Reservoir. This stunning 3-bed, 4-bath (2 Full/2 half) home offers over 5,000 sq ft of beautifully appointed living space on a rare 1-acre lot with direct water access. Beautiful Living Room with stone fireplace, wood ceiling and stunning floor, formal dining room, kitchen, breakfast room, laundry room and 3 car garage. Primary bedroom on main with a private deck and fireplace, attached bath with spa tub, separate tiled shower, double vanities and large walk-in closet. 1/2 bath and Office w/built-ins rounds out this well appointed first floor. Down 1 level leads to Family room w/fireplace, bar, storage, 1/2 bath and 2 large bedrooms with Jack & Jill bath. Down another level brings you to an in-home gym w/equip, theatre room, walk-out to back yard as well as an additional 2 car garage! Traditional architectural details blend with serene natural surroundings to create an inviting retreat just minutes from downtown Indianapolis. Bay Colony is a private, gated neighborhood known for its exclusive waterfront homes, mature trees, and peaceful setting. Experience the best of comfort, space, and scenery in this remarkable property.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherDryerDisposalElectric OvenRefrigeratorWasherWine CoolerMicroHoodElectric Water HeaterWater Softener Owned
Interior features
Attic AccessAttic Pull Down StairsBuilt-in FeaturesCathedral Ceiling(s)Walk-In Closet(s)Paddle FanEat-in KitchenHi-Speed Internet AvailblPantryWet Bar
Kitchen
Kitchen Updated
Other rooms and areas
Bath Jack-n-JillBedroom Other on MainUtility Room
Flooring
Hardwood
Basement
Ceiling - 9+ feetFinished CeilingWalk-Out Access
Fireplaces
3
Fireplace type
Primary BedroomFamily RoomLiving Room
Rooms
12
Main-level bedrooms
1

Exterior

Patio and porch
Deck
Construction
StoneWood Siding
Foundation
Concrete Perimeter
Style
Split LevelTraditional
Parking and garage
AsphaltAttachedGarage Door OpenerGarage Faces SideHeated Garage
Spa
Private
View
Water
Waterfront
Water AccessDock
Other equipment
Smoke Alarm

Systems

Heating
Forced AirHeat PumpElectric
Cooling
Central Air
Water
Private
Utilities
Natural Gas Available

Lot and HOA

HOA fee
$730 / semi-annually
Lot features
Gated CommunityMature Trees
HOA fee includes
ClubhouseEntrance CommonInsurance

Schools

Elementary school
Eagle Creek Elementary School
Middle school
Lincoln Middle School
High school
Pike High School
School district
MSD Pike Township

Taxes

Estimated annual tax
$17,786 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$7,468per month, estimated
Principal and interest $5,540Property tax $1,482Insurance $385HOA $61
20% · $219,800
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$1,099,000
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