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8631 Bay Colony Drive

Indianapolis, IN 46234

ActiveListed Apr 24, 2026 · 146 days on market

Key facts

Beds
5
Baths
4 full · 1 half
Living area
5,529 sqft
Lot
0.81 acres
Year built
1989
Type
Residential · Single Family Residence
Stories
Multi/split
Garage
2 spaces
MLS #
22097648
County
Marion
Subdivision
Bay Colony

About this home

Presenting an exceptional opportunity to reside in a gated community, Bay Colony: a meticulously maintained single-family residence, constructed in 1989, encompassing 5529 square feet of refined living space as well as a Deeded Boat Dock with direct access to the property. This property stands as an attractive offering, demonstrating great condition and poised to deliver an elevated residential experience. The kitchen serves as a central hub for culinary endeavors and social engagement, featuring a sophisticated wine cooler, marble counters, and an expansive island. Its high ceiling further enhances the sense of space, seamlessly transitioning into an open-plan configuration with the adjacent living room. The living room offers an atmosphere of grandeur and openness, characterized by both high and vaulted ceilings, complemented by a strategically placed skylights that introduces an abundance of natural light. The thoughtfully designed bathrooms provide an environment of comfort and functionality. One such bathroom is appointed with a luxurious soaking tub, a double vanity, and a capacious walk-in shower, catering to both relaxation and convenience. The bedrooms, designed for repose and privacy, are distinguished by elegant hardwood flooring, contributing to the property's overall aesthetic appeal and durability. Additional practical amenities include a dedicated laundry room for domestic efficiency and an attached garage, providing secure parking and additional storage solutions. We invite serious inquiries to explore the distinguished lifestyle offered by this remarkable property. 1 1/4 mile drive to the Colt's Complex. 24 hour response time is needed on offers. Chicago Title to hold earnest money and utilized for title/closing. Hot tub can be inspected and filled or removed. All respectful offers considered.

Description provided by the listing brokerage.

Interior

Appliances
MicrowaveWine CoolerBar FridgeRefrigeratorRange Hood
Interior features
Breakfast BarKitchen IslandVaulted Ceiling(s)
Basement
FinishedFullWalk-Out Access
Fireplaces
1
Fireplace type
Living Room
Laundry
Main Level
Security
Smoke Detector(s)
Rooms
12
Main-level bedrooms
1

Exterior

Exterior features
Barn MiniFire Pit
Patio and porch
Deck
Construction
BrickWood Siding
Foundation
Brick/Mortar
Style
Contemporary
Parking and garage
Attached
Spa
Above Ground
Waterfront
DockOn ReservoirWater View
Other equipment
Home TheaterSmoke Alarm

Systems

Heating
Forced AirNatural Gas
Cooling
Central Air
Water
Private
Utilities
Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer Connected

Lot and HOA

HOA fee
$730 / semi-annually
Lot features
Gated CommunityMature TreesTrees-Small (Under 20 Ft)
HOA fee includes
Entrance PrivateMaintenanceManagement
HOA amenities
MaintenanceManagement

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
$8,420 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$7,501per month, estimated
Principal and interest $6,301Property tax $702Insurance $438HOA $61
20% · $250,000
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$1,250,000
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