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720 S Rangeline Rd Unit 701, Carmel, IN, 46032

3beds
4baths
3,765sqft
$3,250,000
$863price/sqft
$20,941/moest. monthly cost
$837,640/yrincome needed

About This Home

Sky-High Sophistication in the Heart of Carmel. Experience a lifestyle that's literally above it all in this extraordinary downtown Carmel penthouse. As the city's highest private residence, it offers sweeping, uninterrupted views that stretch for miles - a rare blend of privacy, prestige, and modern elegance. Designed for both dramatic entertaining and serene everyday living, this residence is a showcase of architectural innovation and impeccable craftsmanship. The main living space impresses with soaring 23-foot ceilings and walls of glass that flood the home with natural light, while a sleek, fully equipped bar with dual Azur refrigerators and a wine cooler elevates every gathering. For the ultimate at-home entertainment, the Dolby theater provides a true cinematic experience with a retractable 9-foot screen, acoustic wall treatments, and automated blackout shades. Culinary enthusiasts will delight in the chef's kitchen, featuring professional-grade gourmet appliances, a sprawling island accommodating over 25 guests, and a seamless layout perfect for intimate meals or grand soirees. The primary suite is a private retreat, complete with a floating California king bed, skylight, keypad entry, and a heated outdoor lounge with integrated sound. The spa-like ensuite offers a steam shower, three-person infrared sauna with chromotherapy, and a luxurious walk-in closet. Each secondary bedroom comes with its own kitchenette, beverage station, microwave, and integrated Sonos audio system, while a flex suite with a Murphy bed and Tonal Smart Gym provides versatile living options. The custom bunk room offers an ideal space for guests or teens. Step outside to a remarkable 2,000-square-foot rooftop terrace featuring 360-degree skyline views, three fire pits, a swim spa and jacuzzi, outdoor heating, and a full kitchen with dual grills - a spectacular backdrop for entertaining at any level.

Getting Around

76
WalkingVery Walkable
0
TransitVery Limited Transit
78
BikeVery Bikeable

Schools

7/10
Carmel Elementary SchoolGrades K-50.6 mi
8/10
Carmel Middle SchoolGrades 6-80.9 mi
10/10
Carmel High SchoolGrades 9-120.7 mi

Construction

Condition

  • Year built: 2010

Materials

  • Foundation: See Remarks
  • Construction materials: Brick

Type & Style

  • Home type: Condo
  • Architectural style: Contemporary
  • Property subType: Residential,Condominium

Interior

Appliances

  • Appliances included: Gas Cooktop,Dishwasher,Dryer,Electric Water Heater,Disposal,Microwave,Double Oven,Gas Oven,Refrigerator,Bar Fridge,Washer,Wine Cooler
  • Laundry features: Laundry Room

Bedroom2

  • Features: Other
  • Level: Main
  • Area: 240
  • Dimensions: 15x16

Bedroom3

  • Features: Other
  • Level: Main
  • Area: 210
  • Dimensions: 14x15

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1
  • Main level bathrooms: 4
  • Main level bedrooms: 3

Dining Room

  • Features: Other
  • Level: Main
  • Area: 88
  • Dimensions: 11x8

Features

  • Double Vanity,Kitchen Island,Central Vacuum,Elevator,Hardwood Floors,Eat-in Kitchen,Smart Thermostat,Sauna,Supplemental Storage,Wired for Sound,Walk-In Closet(s),Wet Bar
  • Flooring: Hardwood
  • Common walls with other units/homes: 1 Common Wall,End Unit,No One Above

Great Room

  • Features: Other
  • Level: Main
  • Area: 598
  • Dimensions: 26x23

Heating & Cooling

  • Heating features: Electric,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,765
  • Total interior livable area: 3,765 sqft

Kitchen

  • Features: Other
  • Level: Main
  • Area: 540
  • Dimensions: 36x15

Laundry

  • Features: Other
  • Level: Main
  • Area: 78
  • Dimensions: 6x13

Master Bedroom

  • Features: Other
  • Level: Main
  • Area: 273
  • Dimensions: 21x13

Office

  • Features: Other
  • Level: Main
  • Area: 156
  • Dimensions: 12x13

Other

  • Features: Other
  • Level: Main
  • Area: 36
  • Dimensions: 6x6

Sun Room

  • Features: Other
  • Level: Main
  • Area: 88
  • Dimensions: 11x8

Property

Details

  • Parcel number: 290936032009000018
  • Attached to another structure: Yes
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1
  • Entry location: Building Private Entry,Upper Level
  • Patio & porch: Glass Enclosed,Patio,Rooftop
  • Exterior features: Balcony,Gas Grill,Outdoor Kitchen
  • Has spa: Yes
  • Spa features: Heated

Parking

  • Total spaces: 4
  • Parking features: Assigned,Attached
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4

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
  • Hail
    HailModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Tornado
Cold Wave
Hail
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 $16,433$197,196
Home Insurance *$1,287$15,444
Property Taxes $2,876$34,512
Electricity $345$4,141
Total$20,941$251,292
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$717,977/yr
40% on housing$628,230/yr
45% on housing$558,426/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: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 3.1%
3.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$863This listing

vs Other Active Listings

Avg $/sqft

ZIP 46032$231
Hamilton County$201

vs Homes Sold Last Month

Median $/sqft

ZIP 46032$213
Hamilton County$171

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)

Price History

DateEventPrice
2026-04-17Price change$3,250,000
2025-12-01Listed for sale$3,600,000
2025-02-10Listing removed$4,995,000
2024-10-15Price change$4,995,000
2024-08-17Price change$5,195,000
2024-08-08Listed for sale$5,295,000
2024-06-29Listing removed--
2024-06-06Price change$5,441,000
2024-05-06Price change$5,675,000
2024-03-13Price change$5,875,000
2024-02-16Price change$5,995,000
2024-01-25Price change$6,110,000
2024-01-08Price change$6,285,000
2023-12-15Price change$6,435,000
2023-11-21Listed for sale$6,500,000
2021-12-03Listing removed$6,000,000
2021-08-25Listed for sale$6,000,000
2018-06-08Sold$810,000
2018-04-24Pending sale$900,000
2017-05-15Listed for sale$900,000
2017-04-11Listing removed$900,000
2016-09-13Price change$900,000
2016-03-02Listed for sale$1,150,000

For Sale by Agent

AgentCraig Kaiser
BrokerageColdwell Banker - Kaiser

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