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11197 Estancia Way

Carmel, IN 46032

ActiveListed Oct 19, 2026 · 1 day on market

Key facts

Lot
4.7 acres
Type
Land · Residential Lots
MLS #
22131909
County
Hamilton
Subdivision
Estancia

About this home

Nestled at the end of a quiet cul-de-sac in the coveted gated community of Estancia, this 4.7-acre retreat is one of only seven homesites in the neighborhood. Privacy, natural beauty, and relaxation come together at this exceptional property. Williams Creek winds along the grounds, framed by a multi-level stone patio that is reminiscent of something that one might find at a public park offering outstanding vantage points of nature and tranquility. Spend crisp fall evenings gathered around the fire pit, or start your mornings with a cup of coffee and a view of the calming water and wooded peninsula. The ranch-style home offers easy single-level living resting on a walkout basement offering an abundance of space, waiting for your improvements. The updated kitchen opens to the great room, with soaring ceilings, outstanding natural light, stone fireplace and large dining room area. The primary suite includes a connected office, complete with fireplace, ideal for working from home. The updated primary bathroom offers a comfortable walk-in closet, sizable shower and soaking tub offering a stunning view of the swimming pool and grounds. Separate outbuilding resting on the grounds can offer storage out could be improved upon for a multitude of uses. Don't miss your chance to make this one-of-a-kind property your own.

Description provided by the listing brokerage.

Exterior

View
Creek/StreamTrees/WoodsWater
Waterfront
CreekWater View
Other structures
Utility Buildings(s)

Systems

Water
Public
Sewer
Public SewerSeptic Tank

Lot and HOA

HOA fee
$2,000 / annually
Lot features
Cul-De-SacGated CommunityMature TreesWooded
Zoning
Residential

Schools

School district
Carmel Clay Schools

Taxes

Estimated annual tax
$27,652 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$18,644per month, estimated
Principal and interest $15,122Property tax $2,304Insurance $1,050HOA $167
20% · $600,000
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$3,000,000
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