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3306 Bay Road South Drive

Indianapolis, IN 46240

ActiveListed Jul 9, 2026 · 49 days on market

Key facts

Beds
3
Baths
2 full · 1 half
Living area
2,594 sqft
Lot
0.04 acres
Year built
1989
Type
Residential · Condominium
Stories
Two
Garage
2 spaces
MLS #
22112854
County
Marion
Subdivision
Nantucket Bay

About this home

Experience waterfront living at its finest in this beautifully maintained freestanding condo in desirable Nantucket Bay, where breathtaking lake views can be enjoyed from nearly every room. Whether you're relaxing in the Sun Room, entertaining on the wraparound decks, or unwinding on the patio, the peaceful setting makes every day feel like a getaway. Better yet, enjoy direct access to the water with your own private boat dock, making it easy to spend your days boating, kayaking, or simply taking in the beauty of the lake. The inviting Great Room is filled with natural light and features a striking stone fireplace, creating a warm and welcoming gathering space. The Kitchen offers abundant cabinetry, beautiful pine butcher block countertops, a gas range, pantry, and an adjoining Breakfast Room, while the separate Dining Room is ideal for hosting family and friends. The spacious Primary Suite is a private retreat with tranquil lake views, new carpet (2026), dual walk-in closets, double vanities, a classic clawfoot soaking tub, and a separate shower. Upstairs are two generously sized bedrooms, a full bath, and exceptional closet space. Thoughtful recent improvements include new hardwood flooring in the Kitchen, Breakfast Room, Dining Room, and Den (2026), new carpet in the Primary Suite (2026), and a new roof & gutters (approximately one year old). Main-floor laundry and abundant storage throughout add everyday convenience. Residents of Nantucket Bay also enjoy access to community tennis and pickleball courts, adding to the exceptional lifestyle this lakefront community offers. Rarely does a freestanding waterfront condo offer this combination of spectacular lake views, a private boat dock, desirable community amenities, thoughtful updates, spacious living, and an exceptional Nantucket Bay location. Come experience a home where every day feels like a vacation.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherDryerDisposalMicroHoodMicrowaveGas OvenRefrigeratorWasherWater HeaterWater Softener Owned
Interior features
Attic Pull Down StairsBuilt-in FeaturesEntrance FoyerPantryWalk-In Closet(s)
Flooring
Hardwood
Fireplaces
1
Fireplace type
Family Room
Laundry
Main Level
Windows
Bay Window(s)Low-Emissivity Windows
Rooms
12

Exterior

Patio and porch
DeckGlass Enclosed
Construction
Shingle Siding
Foundation
Slab
Style
Traditional
Parking and garage
Attached
Fencing
PartialPrivacyGate
View
LakeWater
Waterfront
DockLake FrontWater AccessWater ViewWaterfront

Systems

Heating
Forced AirNatural Gas
Cooling
Central Air
Water
Public
Utilities
Cable ConnectedNatural Gas Connected

Lot and HOA

HOA fee
$625 / monthly
Community
FishingLakeTennis Court(s)
HOA fee includes
Association Home OwnersEntrance CommonInsuranceLawncareMaintenance StructureMaintenanceSnow RemovalTennis Court(s)Walking Trails
HOA amenities
InsuranceMaintenanceSnow RemovalTennis Court(s)Trail(s)

Schools

School district
MSD Washington Township

Taxes

Estimated annual tax
$10,974 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$6,121per month, estimated
Principal and interest $4,284Property tax $915Insurance $297HOA $625
20% · $169,980
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$849,900
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