7548 Morningside Dr, Indianapolis, IN, 46240
About This Home
Welcome to 7548 Morningside Drive-an extraordinary Meridian Hills retreat where timeless elegance meets thoughtful, detail-oriented restoration. Perfectly situated on 2.22 acres in the heart of one of Indianapolis' most coveted neighborhoods, this home offers a rare blend of privacy, natural beauty, and refined living, all overlooking a serene, wooded ravine. Meticulously restored for the current homeowner in collaboration with builder Joe Gradison, every inch of this residence has been carefully curated and elevated. The gourmet kitchen is a true showpiece, featuring custom cabinetry, high-end finishes, and an intentional design that seamlessly balances function and style - ideal for both everyday living and entertaining. All bathrooms have been completely renovated to the studs, offering crisp finishes and timeless appeal. Expansive windows frame sweeping views of the surrounding landscape, bringing the outdoors inside and filling the home with natural light. A functional mudroom provides easy access to a fenced outdoor area-perfect for pets, play, or quiet relaxation in a private setting. The spacious primary suite is a true sanctuary, complete with its own private deck overlooking the ravine-an ideal spot for morning coffee or unwinding at the end of the day. All of this, in a centrally-located Meridian Hills setting, offering convenient access to the best of Indianapolis while maintaining a peaceful, tucked-away feel. This is a rare opportunity to own a reimagined home in an unbeatable location.
Getting Around
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1955
Materials
- Foundation: Block
- Construction materials: Stone
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Disposal,Induction Cooktop,Microwave,Oven,Refrigerator,Tankless Water Heater,Washer,Water Purifier,Water Softener Owned
- Laundry features: Induction Cooktop,Main Level
Basement
- Has basement: Yes
- Basement: Daylight,Egress Window(s),Full,Storage Space
Bedroom2
- Level: Main
- Area: 272
- Dimensions: 17x16
Bedroom3
- Level: Main
- Area: 216
- Dimensions: 18x12
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 3
- Main level bedrooms: 3
Bonus Room
- Features: Other
- Level: Basement
- Area: 336
- Dimensions: 28x12
Dining Room
- Level: Main
- Area: 228
- Dimensions: 19x12
Features
- Built-in Features,Kitchen Island,Pantry,Smart Thermostat,Walk-In Closet(s)
- Finished area below ground: 950
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 5,741
- Total interior livable area: 5,741 sqft
Kitchen
- Level: Main
- Area: 330
- Dimensions: 22x15
Library
- Level: Main
- Area: 216
- Dimensions: 18x12
Living Room
- Level: Main
- Area: 558
- Dimensions: 31x18
Master Bedroom
- Level: Main
- Area: 280
- Dimensions: 20x14
Mud Room
- Features: Tile-Ceramic
- Level: Main
- Area: 91
- Dimensions: 13x7
Utility Room
- Features: Other
- Level: Basement
- Area: 165
- Dimensions: 15x11
Property
Details
- Parcel number: 490326133016000820
- Special condition: Sales Disclosure Supplements
- Horse amenities: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck,Patio
- Exterior features: Lighting,Fire Pit,Sprinkler System
- Fencing: Fenced,Fence Complete,Gate
- Has view: Yes
- View description: Creek/Stream,Trees/Woods
- Has water view: Yes
- Water view: Creek/Stream
Lot
- Lot size: 2.22 Acres
- Features: Irregular Lot,Mature Trees
Parking
- Total spaces: 2
- Parking features: Attached
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
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
- Cold Wave
- Heat Wave
- Inland Flooding
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,343 | $100,116 |
| Home Insurance * | $913 | $10,956 |
| Property Taxes | $1,900 | $22,800 |
| Electricity | $526 | $6,315 |
| Total | $11,682 | $140,184 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
Hail
WindHow 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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-13 | Listed for sale | $1,750,000 |
| 2023-09-21 | Sold | $1,175,000 |
| 2023-08-23 | Pending sale | $1,250,000 |
| 2023-08-17 | Listed for sale | $1,250,000 |
| 2018-03-09 | Sold | $600,000 |
| 2018-02-13 | Listed for sale | $625,000 |
| 2013-06-28 | Listing removed | $2,500 |
| 2013-06-21 | Listed for rent | $2,500 |
| 2012-05-10 | Listing removed | $2,500 |
| 2012-04-10 | Price change | $2,500 |
| 2012-03-23 | Listed for rent | $3,000 |
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