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7740 W 88th Street

Indianapolis, IN 46278

ActiveListed Apr 8, 2026 · 154 days on market

Key facts

Beds
1
Baths
1 full · 1 half
Living area
200 sqft
Lot
12.81 acres
Year built
1964
Type
Residential · Single Family Residence
Stories
Other
MLS #
22094248
County
Marion
Subdivision
No Subdivision

About this home

Finding 12.8 acres of genuinely rolling undulating land in central Indiana is rare - finding it in Traders Point is even rarer. This parcel offers dramatic elevation changes and natural character that simply don't exist on most lots in the region, giving you a foundation for a custom home that feels truly set apart. The terrain opens up possibilities that flat land can't offer - sweeping elevated views, a natural walkout lower level, a winding drive through mature landscape. Your home can be designed to rise with the land and take full advantage of every contour. Privacy here is permanent. The neighboring property will remain undeveloped, ensuring that the open, natural views surrounding this lot will never be interrupted by a rooftop or a fence line. What you see today is what you'll have for good. Traders Point is one of Indianapolis's most coveted addresses - known for its spacious estates, equestrian heritage, outstanding dining and retail, and quick access to I-465 and downtown. This lot delivers all of that, on a piece of land with natural beauty that's genuinely difficult to replicate anywhere in the metro. Randy Shaffer Homes is the exclusive builder on this parcel. Known for custom homes that are thoughtfully designed and meticulously built, they'll work with you from first sketch to final detail to create a home worthy of the setting.

Description provided by the listing brokerage.

Interior

Interior features
Attic Access
Rooms
5
Main-level bedrooms
1

Exterior

Construction
Brick
Foundation
Crawl Space

Systems

Water
Private

Schools

Middle school
Pike Central Middle School
High school
Pike Central High School
School district
Pike County School Corp

Taxes

Estimated annual tax
$7,790 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$11,431per month, estimated
Principal and interest $10,082Property tax $649Insurance $700
20% · $400,000
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$2,000,000
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