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3558 Clearwater Circle

Indianapolis, IN 46240

PendingListed Aug 20, 2026 · 33 days on market

Key facts

Beds
4
Baths
3 full
Living area
3,007 sqft
Lot
0.05 acres
Year built
1988
Type
Residential · Single Family Residence
Stories
One
Garage
2 spaces
MLS #
22120251
County
Marion
Subdivision
Clearwater Cove
Total building area
3,363 sqft

About this home

Experience exceptional waterfront living from one of Clearwater Cove's premier locations, situated directly on the main body of Lake Clearwater. Enjoy your own private deeded boat dock on this 135-acre spring-fed lake known for its remarkably clear water-ideal for boating, fishing & swimming. A private community beach is just steps away, adding to the resort-style lifestyle. Offering approximately 2,500 square feet, this spacious 4-bedroom, 3-full-bath residence delivers the scale & comfort of a single-family home with the convenience of low-maintenance living & an HOA-maintained exterior. Soaring ceilings enhance the great room, where expansive windows showcase tranquil lake views & a fireplace adds warmth & character. Beautiful water views continue from the screened porch, primary bedroom, walkout lower level & lower-level bedroom. Two fireplaces & a private 2-car garage add to the appeal. A rare opportunity for investors or buyers ready to create their own waterfront retreat! The interior is ready for updating, presenting tremendous potential in a location that is difficult to replicate. The home previously appraised for $825,000 in 2023 & features an HVAC system only a couple of years old. Property is being sold as-is. Clearwater Cove residents also enjoy a scenic approximately 3-mile walking path around Lake Clearwater & neighboring Nantucket Lake, along with an active calendar of neighborhood social events. This tranquil lakeside setting is just minutes from The Fashion Mall at Keystone Crossing, upscale shopping, premier dining & entertainment. Bring your vision, bring your boat & imagine the possibilities!

Description provided by the listing brokerage.

Interior

Appliances
DishwasherRefrigeratorWasherWater Heater
Interior features
Bath Sinks Double MainVaulted Ceiling(s)Entrance FoyerPaddle FanEat-in KitchenPantryWalk-In Closet(s)
Other rooms and areas
Bedroom Other on MainUtility Room
Basement
Partially FinishedStorage SpaceWalk-Out Access
Fireplaces
2
Fireplace type
Gas StarterGreat Room
Windows
Skylight(s)
Rooms
11
Main-level bedrooms
3

Exterior

Exterior features
BalconySprinkler System
Patio and porch
CoveredDeckScreened
Construction
BrickCement Siding
Foundation
Full
Style
Traditional
Parking and garage
Attached
View
Lake
Waterfront
Boat SlipDockLake PrivilegesLake FrontWater AccessWater ViewWaterfront

Systems

Heating
Forced Air
Cooling
Central Air
Water
Public

Lot and HOA

HOA fee
$495 / monthly
HOA fee includes
Association Home OwnersInsuranceIrrigationLawncareMaintenance StructureNature AreaManagementSnow RemovalTrashWalking Trails
HOA amenities
Beach AccessBeach RightsBoatingInsuranceJogging PathLandscapingMaintenanceMaintenance GroundsMaintenance StructureManagementSnow RemovalTrail(s)Trash

Schools

School district
MSD Washington Township

Taxes

Estimated annual tax
$7,234 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$4,602per month, estimated
Principal and interest $3,277Property tax $603Insurance $228HOA $495
20% · $130,000
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$650,000
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