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Sold
  • $419,000

    3403 Island Way, Indianapolis, IN 46214

    2beds
    1,416sqft
    Residential, Single Family Residence
    Built in 1990
    7,405.2 Square Feet Lot
    $421,600 Zestimate®
    $296/sqft
    $1,678 Estimated rent

    Home value

    $421,600

    $388,000 - $460,000

    $1,678/mo

    Zestimate® history
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    $3,021/mo

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    What's special

    Waterfront gemCustom nautical-themed fireplace mantleExpansive wood deckLuxury finishesTwo private docksCustom entertainment centerBuilt-in sound system
    Welcome to one of the most exceptional homes on the lake in The Islands - a rare opportunity to own a waterfront gem and feel like you are on vacation 24/7 - 365, with approximately 120 feet of lake frontage, one of only three lots like it! Enjoy breathtaking sunsets and water views from nearly every room in the house. This beautifully maintained home features 2 bedrooms plus a versatile flex room, perfect for a 3rd bedroom, office, or hobby space. You'll find three large sliding doors leading to an expansive wood deck overlooking the lake, perfect for entertaining or quiet relaxation. The 2.5-car garage is fully insulated and drywalled, including insulated overhead doors, making it ideal for year-round use. The exterior is professionally landscaped, and the property includes two private docks-one for your boat and one for guests. Inside, enjoy luxury finishes like custom cabinetry and a tiled walk-in shower in the primary suite. A custom nautical-themed fireplace mantle adds charm and character to the great room. Recent updates include; New roof and skylight (2024), Energy-efficient doors and fold-out windows for easy maintenance, freshly painted outdoor trim (2023) and indoor trim (2024), New dimmable recessed lighting (2024) in the kitchen and great room, USB-outfitted electrical outlets (2024) in every room (except kitchen, bath, and garage), Custom entertainment center in the living room, built-in sound system in the office, primary bedroom, great room, kitchen and deck. Whether you're hosting lakeside gatherings or enjoying a peaceful retreat, this home offers the serenity of waterfront living with the convenience of city life. Don't miss your chance to own this one-of-a-kind lakeside paradise and feel like you're on vacation every day!

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Lori Redman 317-370-9413,

    Sold It Realty Group

    Bought with:

    Lori Redman

    Sold It Realty Group

    Source: MIBOR as distributed by MLS GRID,MLS#: 22040548MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 2
    • Main level bedrooms: 2
    Primary bedroom
    • Level: Main
    • Area: 208 Square Feet
    • Dimensions: 16x13
    Bedroom 2
    • Level: Main
    • Area: 144 Square Feet
    • Dimensions: 12x12
    Breakfast room
    • Level: Main
    • Area: 99 Square Feet
    • Dimensions: 11x9
    Kitchen
    • Level: Main
    • Area: 99 Square Feet
    • Dimensions: 9x11
    Living room
    • Level: Main
    • Area: 378 Square Feet
    • Dimensions: 21x18
    Office
    • Level: Main
    • Area: 120 Square Feet
    • Dimensions: 12x10
    Heating
    • Electric
    Cooling
    • Central Air
    Appliances
    • Included: Electric Cooktop, Dishwasher, Electric Water Heater, Disposal, MicroHood, Microwave, Double Oven, Electric Oven, Refrigerator
    • Laundry: Laundry Closet
    Features
    • Attic Pull Down Stairs, Built-in Features, Vaulted Ceiling(s), High Speed Internet, Eat-in Kitchen, Wired for Sound, Walk-In Closet(s)
    • Has basement: No
    • Attic: Pull Down Stairs
    • Number of fireplaces: 1
    • Fireplace features: Great Room, Wood Burning
    Interior area
    • Total structure area: 1,416
    • Total interior livable area: 1,416 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached
    • Attached garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Covered, Deck
    • Waterfront features: Dock, Lake Front, Water Access, Water View
    Lot
    • Size: 7,405 sqft
    Details
    • Parcel number: 490522114006000900
    • Horse amenities: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Residential, Single Family Residence
    Materials
    • Vinyl Siding
    • Foundation: Slab
    Condition
    • New construction: No
    • Year built: 1990

    Utilities & green energy

    • Water: Public
    • Utilities for property: Electricity Connected

    Community & neighborhood

    Location
    • Region: Indianapolis
    • Subdivision: The Islands

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $409 annually
    • Amenities included: Insurance, Snow Removal
    • Services included: Entrance Common, Insurance, Snow Removal
    • Association phone: 317-292-8582

    Price history

    DateEventPrice
    8/15/2025Sold$419,000$296/sqft
    Source: MIBOR as distributed by MLS GRID #22040548 Report a problem
    7/16/2025Pending sale$419,000$296/sqft
    Source: MIBOR as distributed by MLS GRID #22040548 Report a problem
    6/13/2025Price change$419,000-2.1%$296/sqft
    Source: MIBOR as distributed by MLS GRID #22040548 Report a problem
    5/24/2025Listed for sale$428,000$302/sqft
    Source: MIBOR as distributed by MLS GRID #22040548 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,882 +14.7%$283,300 +15.6%
    2024$2,513 +6.4%$245,100 +13.5%
    2023$2,361 +8%$216,000 +7.2%
    2022$2,187 +5.5%$201,500 +21.5%
    2021$2,073 +7.2%$165,800 +4.9%
    2020$1,933 +25.3%$158,000 +6.5%
    2019$1,543 +2.8%$148,400 +10%
    2018$1,501 -5.8%$134,900 +4.7%
    2017$1,595 +10%$128,900 -2.2%
    2016$1,449 +12.8%$131,800 +2.6%
    2014$1,285 -3.7%$128,500 +3%
    2013$1,335 $124,700 -6.6%
    2012$1,335 $133,500 -2.6%
    2011-- $137,100 -2.6%
    2010$1,408 $140,800
    2009$1,408 $140,800 -5.6%
    2007-- $149,200 +2.6%
    2006-- $145,400 +10.6%
    2005-- $131,500
    2004-- $131,500
    2003-- $131,500 +86%
    2002-- $70,700 +200%
    2001-- $23,570
    2000-- $23,570

    Find assessor info on the county website

    Neighborhood: Key Meadows

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $421,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $421,600