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3312 Bay Road South Drive

Indianapolis, IN 46240

PendingListed Jun 9, 2026 · 134 days on market

Key facts

Beds
3
Baths
2 full · 1 half
Living area
2,484 sqft
Lot
0.04 acres
Year built
1988
Type
Residential · Condominium
Stories
Two
Garage
2 spaces
MLS #
22106893
County
Marion
Subdivision
Nantucket Bay

About this home

Welcome to Nantucket Bay! This spacious 3-bedroom, 2.5-bath home offers breathtaking water views from nearly every window, showcasing the stunning 50+ acre, spring-fed, tree-lined lake-stocked with over 20 species of fish. The living room with its fireplace is perfect for family movie nights or entertaining guests. Enjoy the sparkling lake right from your living room, complete with sliding glass doors that open to one of three private decks and your own boat dock. Step inside to a warm and inviting foyer with hardwood floors. Just off the entry is a cozy den/library built-in bookshelves, and French doors-an ideal retreat or home office. The open kitchen, equipped with stainless steel appliances flows seamlessly into the dining room and a charming sitting area & coffee bar with serene lake views. Upstairs, you'll find the primary suite with a walk-in closet and shower stall, as well as two additional spacious bedrooms, all with newer carpet. The updated hall bathtub features a stunning remodel completed by Dream Baths by Bee (Bee Window). The neighborhood offers fantastic amenities including a tennis/pickleball court and quiet streets perfect for walking. Experience the tranquility of lakeside living every day while still being just minutes from Keystone at the Crossing, top restaurants, and shopping. Enjoy a low-maintenance lifestyle with more time to relax, travel, or entertain family and friends by the lake. New roof 2024, New Gutters with covers 2024, exterior painted 2025. Taxes are not $18K as reflected on some websites, they are $5253 semi.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherDryerGas Water HeaterMicroHoodMicrowaveElectric OvenRefrigeratorWasher
Interior features
Built-in FeaturesEntrance FoyerEat-in KitchenWalk-In Closet(s)
Other rooms and areas
Living Room Formal
Flooring
Hardwood
Fireplaces
1
Fireplace type
Living Room
Laundry
Main Level
Windows
Bay Window(s)Low-Emissivity Windows
Rooms
9

Exterior

Patio and porch
Deck
Construction
BrickCement Siding
Foundation
Slab
Style
Traditional
Parking and garage
Attached
View
Water
Waterfront
DockLake FrontWater AccessWater ViewWaterfront

Systems

Heating
Forced AirNatural Gas
Cooling
Central Air
Water
Public

Lot and HOA

HOA fee
$625 / monthly
Lot features
Mature Trees
Community
Tennis Court(s)
HOA fee includes
Association Home OwnersEntrance CommonInsuranceLawncareMaintenance GroundsMaintenance StructureMaintenanceManagementSnow RemovalTennis Court(s)
HOA amenities
Maintenance GroundsMaintenanceTennis Court(s)InsuranceManagementSnow Removal

Schools

Elementary school
Clearwater Elementary School
Middle school
Eastwood Middle School
High school
North Central High School
School district
MSD Washington Township

Taxes

Estimated annual tax
$10,506 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$5,409per month, estimated
Principal and interest $3,655Property tax $876Insurance $254HOA $625
20% · $145,000
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$725,000
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