Welcome to a truly unique opportunity offering the best of both worlds - Condo-Style convenience with the freedom of lot ownership! Choose from "move-in ready" spec homes for immediate possession or select your own lot and design your dream home with a trusted Custom home builder. Each home offers all-brick construction, 9' ceilings, solid 3'0 interior doors, custom cabinetry, some ADA and numerous high-end features included in the base price - no hidden upgrades! With multiple floor plans available, you're sure to find one that suits your lifestyle, whether you're looking to downsize or expand. 2-3 Bedrooms and 2-3 Car Garage plans available. This thoughtfully designed neighborhood emphasizes carefree living with a comprehensive HOA package that covers lawn care, snow removal, common area upkeep, and more. Say goodbye to weekend yard work and hello to more time enjoying the community! Commons area includes 2 Stocked Ponds, Clubhouse w/Exercise Room, Full Kitchen, Pool table/ping pong game rooms, Library/Reading room and more. Scenic sidewalks around the lakes and entire neighborhood - perfect for outdoor walks, jogs, or bike rides. Located minutes from shopping, medical facilities, dining, the airport, and major highways. Whether you're looking to move quickly or plan your perfect build, this neighborhood offers unmatched flexibility, quality, and value in Central Indiana. Homes are crafted with attention to detail and comfort. Schedule a tour today or inquire about available lots and custom home plans - your low-maintenance lifestyle awaits!
Sold
$424,900
5408 E Shae Lake Dr, Mooresville, IN 46158
3beds
1,713sqft
Residential, Single Family Residence
Built in 2025
6,534 Square Feet Lot
$438,800 Zestimate®
$248/sqft
$2,271 Estimated rent
Home value
$438,800
$364,000 - $527,000
$2,271/mo
Zestimate® history
Owner options
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$2,271/mo
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$2,271/mo
Rent Zestimate®
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$2,719/mo
Est. payment
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$2,719/mo
Est. payment
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List your homeWhat's special
All-brick constructionScenic sidewalksFull kitchenCustom cabinetry
Zillow last checked:
Listing updated:
Listed by:
Debbie Cox 317-258-0638,
Carpenter, REALTORS®
Bought with:
Nancy Warfield
F.C. Tucker Company
Source: MIBOR as distributed by MLS GRID,MLS#: 21995943
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 374 Square Feet
- Dimensions: 17x22
Bedroom 2
- Level: Main
- Area: 140 Square Feet
- Dimensions: 14x10
Bedroom 3
- Level: Main
- Area: 140 Square Feet
- Dimensions: 14x10
Dining room
- Features: Luxury Vinyl Plank
- Level: Main
- Area: 108 Square Feet
- Dimensions: 12x09
Great room
- Level: Main
- Area: 300 Square Feet
- Dimensions: 15x20
Kitchen
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Laundry
- Level: Main
- Area: 63 Square Feet
- Dimensions: 09x07
Sun room
- Level: Main
- Area: 165 Square Feet
- Dimensions: 15x11
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Gas Water Heater, Water Heater, Other
- Laundry: Laundry Room, Main Level
Features
- Attic Access, Breakfast Bar, High Ceilings, High Speed Internet, Eat-in Kitchen, Pantry, Walk-In Closet(s)
- Has basement: No
- Attic: Access Only
Interior area
- Total structure area: 1,713
- Total interior livable area: 1,713 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached, Concrete, Garage Door Opener, Guest
- Attached garage spaces: 2
- Details: Garage Parking Other(Finished Garage, Garage Door Opener, Guest Street Parking, Keyless Entry)
Accessibility
- Accessibility features: Hallway - 36 Inch Wide, Accessible Doors, Accessible Entrance, Handicap Accessible Interior
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
- Exterior features: Lighting, Sprinkler System
- Has view: Yes
- View description: Neighborhood, Pond, Water
- Has water view: Yes
- Water view: Pond,Water
- Waterfront features: Pond, Water View, Waterfront
Lot
- Size: 6,534 Square Feet
- Features: Close to Clubhouse, Access, Sidewalks, Street Lights
Details
- Parcel number: 550232275016000015
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch,Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Brick
- Foundation: Block
Condition
- New Construction
- New construction: Yes
- Year built: 2025
Details
- Builder name: Shae Company
Utilities & green energy
- Electric: 200+ Amp Service
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Low Maintenance Lifestyle
- Subdivision: Lakeside Commons
HOA
- Has HOA: Yes
- Amenities included: Clubhouse, Exercise Course, Fitness Center, Insurance, Maintenance, Snow Removal, Trash
- Services included: Association Builder Controls, Association Home Owners, Clubhouse, Common Cooling, Common Heat, Sewer, Entrance Common, Exercise Room, Insurance, Lawncare, Maintenance, Nature Area, Snow Removal, Trash
- HOA fee: $200 monthly
Location
- Region: Mooresville
Financial & listing details
- Price per square foot: $248/sqft
- Tax assessed value: $335,400
- Annual tax amount: $6
- Date on market: 8/14/2025
- Cumulative days on market: 21 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 10/10/2025 | Sold | $424,900$248/sqft |
Source:  MIBOR as distributed by MLS GRID #21995943 Report a problem | ||
| 9/3/2025 | Pending sale | $424,900$248/sqft |
Source: MIBOR as distributed by MLS GRID #21995943 Report a problem | ||
| 8/14/2025 | Listed for sale | $424,900$248/sqft |
Source: MIBOR as distributed by MLS GRID #21995943 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,062 +103347.3% | $335,400 +13.3% |
| 2024 | $3 +49.5% | $296,000 +98566.7% |
| 2023 | $2 +7.6% | $300 +50% |
| 2022 | $2 -2.1% | $200 |
| 2021 | $2 -62.4% | $200 |
| 2020 | $5 | $200 -33.3% |
| 2019 | $5 | $300 |
| 2018 | $5 | $300 |
| 2017 | $5 | $300 |
| 2016 | $5 | $300 |
| 2014 | $5 | $300 |
| 2013 | $5 | $300 |
| 2012 | $5 | $300 +50% |
| 2011 | $5 | $200 |
| 2010 | $5 | $200 |
| 2009 | $5 | $200 |
Find assessor info on the county website
Neighborhood: 46158
Nearby homes
- $327,7002 bd2 ba1.6k sqft5414 E Shae Lake Dr, Mooresville, IN 46158Off Market
- $367,3003 bd2 ba1.7k sqft5404 E Shae Lake Dr, Mooresville, IN 46158Off Market
- $325,0002 bd2 ba1.6k sqft5394 E Shae Lake Dr, Mooresville, IN 46158Off Market
- $273,3002 bd2 ba1.4k sqft5394 Shae Lake Dr, Mooresville, IN 46158Off Market
- $356,2002 bd2 ba1.7k sqft5428 E Shae Lake Dr, Mooresville, IN 46158Off Market
- $321,5002 bd2 ba1.4k sqft12750 N West Commons Ct, Mooresville, IN 46158Off Market
- $313,0002 bd2 ba1.6k sqft12755 N West Commons Ct, Mooresville, IN 46158Sold
- $352,0003 bd2 ba1.8k sqft5409 E Shae Lake Dr, Mooresville, IN 46158Off Market
Nearby schools
GreatSchools rating
- 7/10North Madison Elementary SchoolGrades: K-6Distance: 2.1 mi
- 7/10Paul Hadley Middle SchoolGrades: 7-8Distance: 2.7 mi
- 8/10Mooresville High SchoolGrades: 9-12Distance: 2.6 mi
Schools provided by the listing agent
- Middle: Paul Hadley Middle School
- High: Mooresville High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$438,800
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
$438,800
- Indiana
- Morgan County
- Mooresville
- 46158
- 5408 E Shae Lake Dr
