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728 N Pawnee Road #Suite 200

Carmel, IN 46032

PendingListed Aug 17, 2026 · 27 days on market

Key facts

Beds
3
Baths
3 full
Living area
1,900 sqft
Year built
2026
Type
Residential · Condominium
Stories
One
Garage
2 spaces
MLS #
22120058
County
Hamilton
Subdivision
Magnolia

About this home

A remarkable opportunity to own a three-bedroom residence in one of downtown Carmel's most sought-after boutique developments, The Magnolia. Never occupied and beautifully staged to showcase its sophisticated design, this nearly 1,900-square-foot home offers refined, low-maintenance living just steps from everything downtown Carmel has to offer. Thoughtfully designed with incredible attention to detail, the open-concept interior features stunning finishes, quartz countertops, high-end appliances and sleek, seamless modern cabinetry. A separate wet bar with beverage refrigerator and ice maker creates the perfect space for entertaining. Expansive sliding doors open the main living area to a screened outdoor living space, seamlessly blending indoors and out, and extending the home's entertaining space. Electronic blinds throughout add both convenience and a polished finishing touch. Magnolia is an intimate, five-residence building, offering the privacy and exclusivity rarely found in downtown living. This residence includes a private two-car garage, secure building entrance, additional private storage space, and a peaceful outdoor setting. With three bedrooms, exceptional finishes and an unbeatable location in the heart of Carmel, this is a truly unique opportunity to enjoy luxury, privacy and walkable downtown living-all in a residence that has never been lived in.

Description provided by the listing brokerage.

Interior

Appliances
Gas CooktopDishwasherDryerENERGY STAR Qualified AppliancesDisposalMicrowaveOvenDouble OvenConvection OvenRange HoodRefrigeratorBar FridgeIce MakerTankless Water HeaterWasherWater Softener OwnedWine Cooler
Interior features
Bath Sinks Double MainHigh CeilingsKitchen IslandEntrance FoyerHi-Speed Internet AvailblEat-in KitchenWired for DataPantrySmart ThermostatSupplemental StorageWired for SoundWalk-In Closet(s)WoodWorkStain/Painted
Fireplaces
2
Fireplace type
Gas LogGreat RoomOutside
Laundry
In UnitConnections AllSink
Security
Varies By Unit
Rooms
7
Main-level bedrooms
3
Condition
New Construction

Exterior

Construction
BrickStone
Foundation
Slab
Style
Contemporary
Parking and garage
AttachedConcreteGarage Door OpenerStorage

Systems

Heating
ElectricForced AirNatural GasHigh Efficiency (90%+ AFUE )
Cooling
Central Air
Water
Public
Utilities
Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Lot and HOA

HOA fee
$634 / monthly

Schools

Elementary school
Carmel Elementary School
Middle school
Carmel Middle School
High school
Carmel High School
School district
Carmel Clay Schools

Taxes

Estimated annual tax
$92 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$6,572per month, estimated
Principal and interest $5,545Property tax $8Insurance $385HOA $634
20% · $220,000
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$1,100,000
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