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12465 Silver Bay Cir, Indianapolis, IN, 46236

6beds
5baths
5,279sqft
$925,000
$175price/sqft
$6,629/moest. monthly cost
$265,160/yrincome needed

About This Home

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, and walk-in pantry. 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 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 lifestyle that few properties can match.

Getting Around

4
WalkingCar-Dependent
0
TransitNo Nearby Transit
26
BikeSomewhat Bikeable

Schools

3/10
Belzer Middle SchoolGrades 7-86.6 mi
3/10

Construction

Condition

  • Year built: 1996

Materials

  • Foundation: Concrete Perimeter
  • Construction materials: Brick,Cement Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • 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 features: Upper Level,Sink

Basement

  • Has basement: Yes
  • Basement: Ceiling - 9+ feet,Daylight,Exterior Entry,Finished,Storage Space,Walk-Out Access

Bedroom2

  • Level: Upper
  • Area: 156
  • Dimensions: 13x12

Bedroom3

  • Level: Upper
  • Area: 195
  • Dimensions: 15x13

Bedroom4

  • Level: Upper
  • Area: 195
  • Dimensions: 15x13

Bedroom5

  • Level: Main
  • Area: 168
  • Dimensions: 14x12

Bedroom6

  • Level: Basement
  • Area: 132
  • Dimensions: 12x11

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 5
  • Full bathrooms: 5
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Breakfast Room

  • Level: Main
  • Area: 210
  • Dimensions: 15x14

Dining Room

  • Level: Main
  • Area: 182
  • Dimensions: 14x13

Family Room

  • Level: Basement
  • Area: 551
  • Dimensions: 29x19

Features

  • Attic Access,Breakfast Bar,High Ceilings,Tray Ceiling(s),Kitchen Island,Entrance Foyer,Ceiling Fan(s),Hardwood Floors,High Speed Internet,In-Law Floorplan,Eat-in Kitchen,Pantry,Walk-In Closet(s),Wet Bar
  • Window features: Wood Work Painted
  • Flooring: Hardwood
  • Number of fireplaces: 2
  • Fireplace features: Double Sided,Primary Bedroom,Great Room,Kitchen
  • Fireplace: Yes
  • Attic: Access Only
  • Finished area below ground: 1,762

Great Room

  • Level: Main
  • Area: 528
  • Dimensions: 24x22

Heating & Cooling

  • Heating features: Forced Air,High Efficiency (90%+ AFUE ),Natural Gas
  • Cooling features: Central Air,High Efficiency (SEER 16 +)

Interior Area

  • Total structure area: 5,279
  • Total interior livable area: 5,279 sqft

Kitchen

  • Level: Main
  • Area: 252
  • Dimensions: 18x14

Laundry

  • Features: Tile-Ceramic
  • Level: Upper
  • Area: 72
  • Dimensions: 9x8

Master Bedroom

  • Level: Upper
  • Area: 420
  • Dimensions: 30x14

Office

  • Level: Main
  • Area: 168
  • Dimensions: 14x12

Play Room

  • Level: Basement
  • Area: 690
  • Dimensions: 30x23

Utility Room

  • Level: Basement
  • Area: 460
  • Dimensions: 23x20

Property

Accessibility

  • Accessibility features: Accessible Entrance

Details

  • Parcel number: 490115112024000400
  • Horse amenities: None

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

  • Lot size: 0.43 Acres
  • Features: Cul-De-Sac,Wooded

Parking

  • Total spaces: 3
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Tornado
Cold Wave
Heat Wave
Inland Flooding
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,677$56,124
Home Insurance *$587$7,044
Property Taxes $882$10,584
Electricity $483$5,807
Total$6,629$79,548
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$227,280/yr
40% on housing$198,870/yr
45% on housing$176,773/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.6%
10.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 2.3%
2.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$175This listing

vs Other Active Listings

Avg $/sqft

ZIP 46236$147
Marion County$125

vs Homes Sold Last Month

Median $/sqft

ZIP 46236$148
Marion County$131

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-24Price change$950,000
2026-04-10Listed for sale$975,000
2020-07-30Sold$576,500
2020-06-18Pending sale$595,000
2020-06-11Listed for sale$595,000
2019-11-18Listing removed$549,900
2019-07-23Price change$549,900
2019-07-05Price change$564,900
2019-06-17Listed for sale$574,900
2017-05-22Sold$515,000
2017-04-28Pending sale$535,000
2017-04-05Price change$535,000
2016-12-21Listed for sale$549,900
2016-03-15Sold$515,000
2016-02-04Pending sale$539,900
2015-11-18Price change$539,900
2015-10-26Price change$549,900
2015-09-30Price change$559,900
2015-07-31Price change$569,900
2015-07-06Price change$579,900
2015-06-03Listed for sale$589,900

For Sale by Agent

AgentMatthew Steed, Engel & Volkers
BrokerageEngel & Volkers

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