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PendingPrice cut: $20K (9/18)
$875,000
6beds
5,279sqft

12465 Silver Bay Cir, Indianapolis, IN 46236

6beds
5,279sqft
Residential, Single Family Residence
Built in 1996
0.43 Acres Lot
$166/sqft
$44/mo HOA

What's special

Large deckDeeded boat dockFull wet barDirect water accessSoaring ceilingsQuality finishes throughoutWalk-in pantry

A rare opportunity on Geist Reservoir with one of the most sought-after features in the area, a deeded boat dock. This 6 bedroom, 5 full bathroom home offers 5,279 square feet designed to fully capture the lake lifestyle. Direct water access allows for effortless boating, entertaining, and everyday enjoyment on Geist, setting this property apart from anything else on the market. Inside, the main level features an open-concept layout anchored by an updated kitchen with stainless steel appliances, extensive cabinetry & a large center island. A double-sided fireplace connects the kitchen and great room, while soaring ceilings and expansive windows bring in natural light and highlight the views. The layout offers flexibility with a main-level bedroom and full bath, ideal for guests or multigenerational living, along with a private office with French doors and a formal dining room with butler's pantry. Dual staircases add both convenience and architectural appeal. Upstairs, the primary suite is expansive with tray ceilings, a large en-suite bath featuring a jacuzzi tub and dual-head shower, and a walk-in closet with additional space for storage or expansion. Additional bedrooms include both en-suite and Jack-and-Jill configurations, plus a conveniently located laundry room. The walk-out lower level is built for entertaining, complete with a full wet bar, multiple living areas, built-in speakers, and direct access to the patio. A sixth bedroom and full bath provide excellent space for guests or extended stays. With a large deck, quality finishes throughout, and a layout designed for both everyday living and entertaining, this home delivers. The deeded dock (dock- 1 yr old, new canopy, & lift included) on Geist Reservoir is the centerpiece, ideally positioned in one of the most desirable coves just off the main body. Centrally located on the reservoir, it offers quick access to the Marina, Wolfies Grill, and the full lake, delivering a true lake lifestyle

190 days
468
30
Source: MIBOR as distributed by MLS GRID,MLS#: 22093814MLS Logo
Travel times

Living Room

Kitchen

Primary Bedroom

Zillow last checked:

Listing updated:

Listed by:

Matthew Steed matt.steed@evrealestate.com,

Engel & Volkers

Source: MIBOR as distributed by MLS GRID,MLS#: 22093814MLS Logo

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 6
  • Bathrooms: 5
  • Full bathrooms: 5
  • Main level bathrooms: 1
  • Main level bedrooms: 1
Primary bedroom
  • Level: Upper
  • Area: 420 Square Feet
  • Dimensions: 30x14
Bedroom 2
  • Level: Upper
  • Area: 156 Square Feet
  • Dimensions: 13x12
Bedroom 3
  • Level: Upper
  • Area: 195 Square Feet
  • Dimensions: 15x13
Bedroom 4
  • Level: Upper
  • Area: 195 Square Feet
  • Dimensions: 15x13
Bedroom 5
  • Level: Main
  • Area: 168 Square Feet
  • Dimensions: 14x12
Bedroom 6
  • Level: Basement
  • Area: 132 Square Feet
  • Dimensions: 12x11
Breakfast room
  • Level: Main
  • Area: 210 Square Feet
  • Dimensions: 15x14
Dining room
  • Level: Main
  • Area: 182 Square Feet
  • Dimensions: 14x13
Family room
  • Level: Basement
  • Area: 551 Square Feet
  • Dimensions: 29x19
Great room
  • Level: Main
  • Area: 528 Square Feet
  • Dimensions: 24x22
Kitchen
  • Level: Main
  • Area: 252 Square Feet
  • Dimensions: 18x14
Laundry
  • Features: Tile-Ceramic
  • Level: Upper
  • Area: 72 Square Feet
  • Dimensions: 9x8
Office
  • Level: Main
  • Area: 168 Square Feet
  • Dimensions: 14x12
Play room
  • Level: Basement
  • Area: 690 Square Feet
  • Dimensions: 30x23
Utility room
  • Level: Basement
  • Area: 460 Square Feet
  • Dimensions: 23x20
Heating
  • Forced Air, High Efficiency (90%+ AFUE ), Natural Gas
Cooling
  • Central Air, High Efficiency (SEER 16 +)
Appliances
  • Included: Electric Cooktop, Dishwasher, Down Draft, Dryer, Disposal, Gas Water Heater, Humidifier, Microwave, Double Oven, Convection Oven, Refrigerator, Washer, Water Heater, Water Softener Owned
  • Laundry: Upper Level, Sink
Features
  • Attic Access, Breakfast Bar, High Ceilings, Tray Ceiling(s), Vaulted Ceiling(s), Kitchen Island, Entrance Foyer, Ceiling Fan(s), High Speed Internet, In-Law Floorplan, Eat-in Kitchen, Pantry, Walk-In Closet(s), Wet Bar
  • Flooring: In-Law Floorplan
  • Windows: Wood Work Painted
  • Basement: Ceiling - 9+ feet,Daylight,Exterior Entry,Finished,Storage Space,Walk-Out Access
  • Attic: Access Only
  • Number of fireplaces: 2
  • Fireplace features: Double Sided, Primary Bedroom, Great Room, Kitchen
Interior area
  • Total structure area: 5,279
  • Total interior livable area: 5,279 sqft
  • Finished area below ground: 1,762
Video & virtual tour

Property

Parking
  • Total spaces: 3
  • Parking features: Attached
  • Attached garage spaces: 3
  • Details: Garage Parking Other(Finished Garage, Keyless Entry, Service Door)
Accessibility
  • Accessibility features: Accessible Entrance
Features
  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered, Deck, Patio
  • Exterior features: Sprinkler System
  • On waterfront: Yes
  • Waterfront features: Boat Slip, Dock, Lake Privileges, Water Access
Lot
  • Size: 0.43 Acres
  • Features: Cul-De-Sac, Wooded
Details
  • Parcel number: 490115112024000400
  • Horse amenities: None

Construction

Type & style
  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subtype: Residential, Single Family Residence
Materials
  • Brick, Cement Siding
  • Foundation: Concrete Perimeter
Condition
  • New construction: No
  • Year built: 1996

Utilities & green energy

  • Electric: 200+ Amp Service
  • Water: Public

Community & HOA

Community
  • Security: Security System Owned
  • Subdivision: Admirals Bay
HOA
  • Has HOA: Yes
  • Amenities included: Insurance, Maintenance, Management, Security, Snow Removal
  • Services included: Association Home Owners, Entrance Common, Insurance, Maintenance, Management, Security, Snow Removal
  • HOA fee: $525 annually
  • HOA phone: 317-875-5600
Location
  • Region: Indianapolis

Financial & listing details

  • Price per square foot: $166/sqft
  • Tax assessed value: $716,300
  • Annual tax amount: $7,662
  • Date on market: 4/10/2026
  • Cumulative days on market: 158 days

Price history

DateEventPrice
9/24/2026Pending sale$875,000$166/sqft
Source: MIBOR as distributed by MLS GRID #22093814 Report a problem
9/18/2026Price change$875,000-2.2%$166/sqft
Source: MIBOR as distributed by MLS GRID #22093814 Report a problem
9/7/2026Price change$895,000-1.1%$170/sqft
Source: MIBOR as distributed by MLS GRID #22093814 Report a problem
9/3/2026Price change$905,000-1.6%$171/sqft
Source: MIBOR as distributed by MLS GRID #22093814 Report a problem
8/20/2026Price change$920,000-0.5%$174/sqft
Source: MIBOR as distributed by MLS GRID #22093814 Report a problem
7/23/2026Price change$925,000+0.5%$175/sqft
Source: MIBOR as distributed by MLS GRID #22093814 Report a problem
6/23/2026Pending sale$920,000$174/sqft
Source: MIBOR as distributed by MLS GRID #22093814 Report a problem
6/19/2026Price change$920,000-1.6%$174/sqft
Source: MIBOR as distributed by MLS GRID #22093814 Report a problem
6/4/2026Price change$935,000-1.6%$177/sqft
Source: MIBOR as distributed by MLS GRID #22093814 Report a problem
4/24/2026Price change$950,000-2.6%$180/sqft
Source: MIBOR as distributed by MLS GRID #22093814 Report a problem
4/10/2026Listed for sale$975,000+69.1%$185/sqft
Source: MIBOR as distributed by MLS GRID #22093814 Report a problem
7/30/2020Sold$576,500-3.1%$109/sqft
Source: MIBOR as distributed by MLS GRID #21711424 Report a problem
6/18/2020Pending sale$595,000$113/sqft
Source: Pursuit Realty, LLC #21711424 Report a problem
6/11/2020Listed for sale$595,000+8.2%$113/sqft
Source: Pursuit Realty, LLC #21711424 Report a problem
11/18/2019Listing removed$549,900$104/sqft
Source: Keller Williams Indy Metro NE #21644598 Report a problem
7/23/2019Price change$549,900-2.7%$104/sqft
Source: Keller Williams Realty Indy Metro Northeast #21644598 Report a problem
7/5/2019Price change$564,900-1.7%$107/sqft
Source: Keller Williams Realty Indy Metro Northeast #21644598 Report a problem
6/17/2019Listed for sale$574,900+11.6%$109/sqft
Source: Keller Williams Indy Metro NE #21644598 Report a problem
5/22/2017Sold$515,000-3.7%$98/sqft
Source: MIBOR as distributed by MLS GRID #21457557 Report a problem
4/28/2017Pending sale$535,000$101/sqft
Source: Indianapolis/Carmel #21457557 Report a problem
4/5/2017Price change$535,000-2.7%$101/sqft
Source: Keller Williams - Indianapolis/Carmel #21457557 Report a problem
12/21/2016Listed for sale$549,900+6.8%$104/sqft
Source: Keller Williams Indpls Metro N #21457557 Report a problem
3/15/2016Sold$515,000-4.6%$98/sqft
Source: MIBOR as distributed by MLS GRID #21357184 Report a problem
2/4/2016Pending sale$539,900$102/sqft
Source: Berkshire Hathaway Home #21357184 Report a problem
11/18/2015Listed for sale$539,900$102/sqft
Source: Berkshire Hathaway Home #21357184 Report a problem

Public tax history

YearProperty taxesTax assessment
2025$8,133 +1.1%$716,300 -2.6%
2024$8,045 +4.1%$735,400 +0.5%
2023$7,731 +21.6%$731,600 +6%
2022$6,360 +15.1%$690,500 +23%
2021$5,526 -45.1%$561,200 +16.3%
2020$10,072 +11.2%$482,700 -4.2%
2019$9,058 +88.5%$503,600 +11.2%
2018$4,805 +10.3%$452,900 -5.1%
2017$4,354 +3.8%$477,300 +12.7%
2016$4,195 -5.4%$423,600 -4.5%
2014$4,434 +10.8%$443,400 +6.1%
2013$4,001 $417,800 +4.4%
2012$4,001 $400,100 -4.1%
2011-- $417,100
2010$4,171 +9.2%$417,100 +9.2%
2009$3,820 $382,000 -13.3%
2007-- $440,500 -2%
2006-- $449,300 +27.4%
2005-- $352,700
2004-- $352,700
2003-- $352,700 +64.6%
2002-- $214,300 +200%
2001-- $71,430
2000-- $71,430
Find assessor info on the county website

Monthly payment

Est. payment
$5,504/mo
Principal & interest
$4760
Property taxes
$700
HOA Fees
$44
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Estimated market value

Not available

Estimated sales range

Not available

Not available

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: Geist

Nearby schools

Amy Beverland Elementary School
Grades 1-6 • 1.3 miles
8/10
GreatSchools® Rating
Test Score Rating
7/10
Academic Progress Rating
8/10
Belzer Middle School
Grades 7-8 • 6.6 miles
3/10
GreatSchools® Rating
Test Score Rating
2/10
Academic Progress Rating
3/10
Lawrence Central High School
Grades 9-12 • 6.6 miles
4/10
GreatSchools® Rating
College Readiness Rating
4/10

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