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7946 Mill Stream Circle

Indianapolis, IN 46278

ActiveListed Apr 30, 2026 · 35 days on market

Key facts

Beds
5
Baths
5 full · 1 half
Living area
10,264 sqft
Lot
3.18 acres
Year built
1997
Type
Residential · Single Family Residence
Stories
Three or more
Garage
4 spaces
MLS #
22096480
County
Marion
Subdivision
Mill Pond

About this home

Lifestyle and opportunity awaits with this custom Leonard Watson Estate, set on 3.18 private, wooded acres along a meandering creek just north of Eagle Creek Park, a setting that feels worlds away while remaining close to everything. Engineered to last generations, the home rises from a framework of 22 steel beams anchored in bedrock, finished by top area artisans with an eye toward quality at every turn. Inside, solid mahogany wood molding, imported European light fixtures, and limestone fireplaces create an atmosphere that is warm, refined, and entirely its own. The gourmet kitchen has been thoughtfully refreshed, featuring a Viking Pro range, granite countertops, a new dishwasher, and freshly painted cabinetry that brings a clean, renewed elegance to the heart of the home. The master bedroom suite offers a private balcony among the treetops alongside a hidden passage to the library, with beautifully repainted closets that echo the same careful attention to detail found throughout. Outside, stone patios, a saltwater swimming pool recently upgraded with a new high-efficiency filtration system, a koi pond, and manicured gardens make the most of the natural surroundings. Generous green space invites the possibility of a putting green or any outdoor vision you may hold. The walkout lower level has been beautifully reimagined with fresh paint, new crown molding, and new flooring, polished, refined, and ready to receive whatever vision you bring to it. Imagine mornings on the treetop balcony with coffee in hand, evenings by the fire as the creek murmurs beyond the glass, weekends spent in the garden or poolside beneath a canopy of mature trees. This is the kind of home that doesn't just shelter life, it shapes it. A place where every detail was chosen with intention, and every day feels like it belongs to you entirely.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherDryerDisposalGas Water HeaterExhaust FanMicrowaveGas OvenRefrigeratorWasherWater Softener Owned
Interior features
Breakfast BarHigh CeilingsTray Ceiling(s)Kitchen IslandDumbwaiterEntrance FoyerHi-Speed Internet AvailblIn-Law FloorplanEat-in KitchenPantryWired for SoundWalk-In Closet(s)WoodWorkStain/Painted
Other rooms and areas
Utility Room
Flooring
Hardwood
Basement
Ceiling - 9+ feetDaylightExterior EntryFinished CeilingFinished WallsFullInterior EntryStorage SpaceWalk-Out Access
Fireplaces
5
Fireplace type
BasementLibraryKitchenLiving RoomPrimary Bedroom
Laundry
Main Level
Windows
Low-Emissivity Windows
Rooms
17

Exterior

Exterior features
BalconySprinkler SystemWater Feature Fountain
Patio and porch
DeckPatio
Construction
BrickStone
Foundation
Concrete Perimeter
Style
Traditional
Parking and garage
Attached
Pool
HeatedIn GroundOutdoor PoolWaterfall
Private pool
Yes
View
NeighborhoodPondPoolTrees/Woods
Waterfront
Creek

Systems

Heating
ZonedForced AirNatural Gas
Cooling
Central Air
Water
WellPrivate
Utilities
Cable AvailableNatural Gas ConnectedSeptic System

Lot and HOA

HOA fee
$3,600 / annually
Lot features
Cul-De-SacMature TreesWooded
HOA fee includes
Entrance CommonInsuranceNature AreaSnow Removal
HOA amenities
InsuranceSnow Removal

Schools

High school
Pike High School
School district
MSD Pike Township

Taxes

Estimated annual tax
$14,342 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$10,066per month, estimated
Principal and interest $8,015Property tax $1,195Insurance $557HOA $300
20% · $318,000
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$1,590,000
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