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7338 Oakbay Drive

Noblesville, IN 46062

ActiveListed Sep 17, 2026 · 35 days on market

Key facts

Beds
5
Baths
4 full · 1 half
Living area
5,824 sqft
Lot
0.3 acres
Year built
1995
Type
Residential · Single Family Residence
Stories
Two
Garage
3 spaces
MLS #
22126529
County
Hamilton
Subdivision
Oakbay

About this home

Best lake views on Morse! Welcome to a beautifully refreshed and meticulously maintained 5-bedroom, 4.5-bath lakefront home in the desirable Oakbay neighborhood of Noblesville. Set along a private drive with a three-car garage, this exceptional residence offers expansive water views, thoughtfully updated spaces, and an unparalleled setting for enjoying lake living. The refreshed eat-in kitchen is designed to take full advantage of the views, featuring a breakfast bar, center island, beverage center, and abundant sightlines to the water. The heart of the home is the impressive family room with vaulted ceilings, fireplace, and a wall of windows overlooking the lake. Upstairs, the serene primary suite continues the water-view experience with a bedroom overlooking the lake and a gas fireplace positioned between the bedroom and the beautifully updated ensuite bath. Three additional upstairs bedrooms provide convenient access to full baths, offering comfort and privacy for family and guests. The finished lower level expands the home's living and entertaining possibilities with a fifth bedroom/office, full bath, large recreation room with fireplace, and a new custom wet bar. Walk directly from the lower level to the deck and lake, making it easy to transition from indoor entertaining to your favorite water activities. A dedicated storage room provides an ideal place for water toys and lake equipment. Enjoy a new custom dock with two covered slips plus a dedicated jet ski dock. Whether you're heading out for a day on the water, relaxing lakeside, or entertaining friends and family, this property embraces the very best of lakefront living. With beautifully updated interiors, exceptional water views, abundant amenities, and meticulous care throughout, this is a home designed for both everyday enjoyment and memorable gatherings. This lakefront retreat offers a rare combination of privacy, recreation, comfort, and timeless appeal. Perfect home. Perfect views.

Description provided by the listing brokerage.

Interior

Appliances
Electric CooktopDishwasherDryerDisposalMicrowaveOvenDouble OvenRefrigeratorBar FridgeTankless Water Heater
Interior features
Attic AccessBreakfast BarVaulted Ceiling(s)Kitchen IslandEntrance FoyerPaddle FanHi-Speed Internet AvailblEat-in KitchenWired for DataPantrySmart ThermostatSaunaWalk-In Closet(s)
Other rooms and areas
Bath Jack-n-JillUtility Room
Basement
DaylightEgress Window(s)Exterior EntryFinishedFinished WallsInterior EntryStorage SpaceWalk-Out Access
Fireplaces
3
Fireplace type
BasementBedroomFamily Room
Laundry
Common LaundryMain LevelSink
Rooms
11

Exterior

Exterior features
Sprinkler System
Patio and porch
Deck
Construction
BrickCement Siding
Foundation
Concrete Perimeter
Style
Traditional
Parking and garage
Attached
View
Lake
Waterfront
Boat SlipDockLake PrivilegesLake FrontOn ReservoirSeawallWater AccessWater ViewWaterfront
Other equipment
Sump Pump

Systems

Heating
ZonedForced AirNatural Gas
Cooling
Central AirDual
Water
Public
Utilities
Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Lot and HOA

HOA fee
$165 / annually
Lot features
Storm SewerMature Trees
HOA fee includes
Entrance CommonMaintenanceManagement
HOA amenities
MaintenanceManagement

Schools

Elementary school
Hinkle Creek Elementary School
Middle school
Noblesville West Middle School
High school
Noblesville High School
School district
Noblesville Schools

Taxes

Estimated annual tax
$12,746 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$11,098per month, estimated
Principal and interest $9,371Property tax $1,062Insurance $651HOA $14
20% · $371,800
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$1,859,000
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