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685 Waterlily Way

Carmel, IN 46032

ActiveListed Nov 1, 2026 · 1 day on market

Key facts

Beds
3
Baths
3 full · 1 half
Living area
2,315 sqft
Lot
0.069 acres
Year built
2009
Type
Residential · Single Family Residence
Stories
Two
Garage
2 spaces
MLS #
22134383
County
Hamilton
Subdivision
Cottages At Carmel

About this home

Enjoy the best of Carmel living at 685 Waterlily Way in The Cottages at Carmel! This beautifully maintained home combines thoughtful updates, flexible living spaces, and the convenience of low-maintenance living in an exceptional location near the Carmel Arts & Design District, Midtown, and the Monon Greenway. Enjoy easy access to downtown Carmel's restaurants, shops, galleries, entertainment, the Palladium, and the popular Carmel Farmers Market. Inside, the inviting open floor plan features soaring ceilings, abundant natural light, hardwood floors, and a spacious great room with a fireplace and custom built-ins. The updated kitchen offers beautiful countertops, stainless steel appliances, a large center island, and ample cabinetry, while the adjoining dining area features a charming built-in window seat. The main-level primary suite includes a beautifully renovated bathroom with dual vanities, a stunning walk-in tiled shower, and an impressive custom walk-in closet. First-floor washer and dryer hookups provide the option for convenient main-level laundry. Upstairs, you'll find two additional bedrooms, two bathrooms, a spacious loft offering flexibility for a home office or second living area, and a generously sized laundry room with ample cabinet storage. The finished sunroom provides another inviting place to relax, while the private patio overlooks a beautifully landscaped, wooded backdrop. Enjoy more free time with HOA services that include lawn care, landscaping, seasonal leaf removal, gutter cleaning, driveway and sidewalk snow removal, and exterior maintenance. Whether you're exploring everything Carmel has to offer or traveling, this home provides the perfect balance of comfort, convenience, and low-maintenance living!

Description provided by the listing brokerage.

Interior

Appliances
DishwasherDisposalMicroHoodElectric OvenRefrigeratorGas Water Heater
Interior features
Cathedral Ceiling(s)Walk-In Closet(s)Wood Work PaintedPaddle FanBath Sinks Double MainEntrance FoyerHi-Speed Internet AvailblKitchen Island
Flooring
Hardwood
Fireplaces
1
Fireplace type
Gas LogLiving Room
Windows
Wood Frames
Rooms
7
Main-level bedrooms
1

Exterior

Patio and porch
No MaintenancePatio
Construction
Cement SidingCultured Stone
Foundation
Slab
Style
Bungalow
Parking and garage
AttachedConcrete
Other equipment
Security SystemSmoke Alarm

Systems

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

Lot and HOA

HOA fee
$310 / monthly
Lot features
SidewalksStorm SewerStreet LightsMature Trees
HOA fee includes
Association Builder ControlsEntrance CommonInsuranceLawncareMaintenance GroundsMaintenance StructureMaintenanceManagementSnow RemovalTrash

Schools

School district
Carmel Clay Schools

Taxes

Estimated annual tax
$4,422 / yearTwice the semi-annual installment the listing reports.
Tax year
2026

Price history

Every listing, price change and sale we have on record for this home.

DateEventPrice$/sq ft
Listed for sale$539,900$233 / sq ft

Properties displayed may be listed or sold by various participants in the MLS.

Information deemed reliable but is not guaranteed accurate.

© 2026 MIBOR REALTOR® Association

Based on information submitted to the Broker Listing Cooperative listing service as of November 1, 2026

Estimate your monthly payment

$3,589per month, estimated
Principal and interest $2,722Property tax $369Insurance $189HOA $310
20% · $107,980
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.

Talk to a lender we trust
Address
685 Waterlily Way, Carmel, IN 46032
County
Hamilton
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Listed at$539,900
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