




3306 Bay Road South Dr, Indianapolis, IN, 46240
About This Home
Experience waterfront living at its finest in this beautifully maintained freestanding condo in desirable Nantucket Bay, where breathtaking lake views can be enjoyed from nearly every room. Whether you're relaxing in the Sun Room, entertaining on the wraparound decks, or unwinding on the patio, the peaceful setting makes every day feel like a getaway. Better yet, enjoy direct access to the water with your own private boat dock, making it easy to spend your days boating, kayaking, or simply taking in the beauty of the lake. The inviting Great Room is filled with natural light and features a striking stone fireplace, creating a warm and welcoming gathering space. The Kitchen offers abundant cabinetry, beautiful pine butcher block countertops, a gas range, pantry, and an adjoining Breakfast Room, while the separate Dining Room is ideal for hosting family and friends. The spacious Primary Suite is a private retreat with tranquil lake views, new carpet (2026), dual walk-in closets, double vanities, a classic clawfoot soaking tub, and a separate shower. Upstairs are two generously sized bedrooms, a full bath, and exceptional closet space. Thoughtful recent improvements include new hardwood flooring in the Kitchen, Breakfast Room, Dining Room, and Den (2026), new carpet in the Primary Suite (2026), and a new roof & gutters (approximately one year old). Main-floor laundry and abundant storage throughout add everyday convenience. Residents of Nantucket Bay also enjoy access to community tennis and pickleball courts, adding to the exceptional lifestyle this lakefront community offers. Rarely does a freestanding waterfront condo offer this combination of spectacular lake views, a private boat dock, desirable community amenities, thoughtful updates, spacious living, and an exceptional Nantucket Bay location. Come experience a home where every day feels like a vacation.
Getting Around
Schools
Construction
Condition
- Year built: 1989
Materials
- Foundation: Slab
- Construction materials: Shingle Siding
Type & Style
- Home type: Condo
- Architectural style: Traditional
- Property subType: Residential,Condominium
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Disposal,MicroHood,Microwave,Gas Oven,Refrigerator,Washer,Water Heater,Water Softener Owned
- Laundry features: Main Level
Bedroom2
- Level: Upper
- Area: 182
- Dimensions: 14x13
Bedroom3
- Level: Upper
- Area: 182
- Dimensions: 14x13
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Breakfast Room
- Level: Main
- Area: 108
- Dimensions: 12x9
Dining Room
- Level: Main
- Area: 130
- Dimensions: 13x10
Features
- Attic Pull Down Stairs,Built-in Features,Entrance Foyer,Hardwood Floors,Pantry,Walk-In Closet(s)
- Flooring: Hardwood
- Number of fireplaces: 1
- Fireplace features: Family Room
- Fireplace: Yes
- Attic: Pull Down Stairs
- Common walls with other units/homes: No Common Walls
Great Room
- Level: Main
- Area: 384
- Dimensions: 24x16
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 2,594
- Total interior livable area: 2,594 sqft
Kitchen
- Level: Main
- Area: 120
- Dimensions: 12x10
Laundry
- Features: Tile-Ceramic
- Level: Main
- Area: 56
- Dimensions: 8x7
Library
- Level: Main
- Area: 154
- Dimensions: 14x11
Master Bedroom
- Level: Upper
- Area: 260
- Dimensions: 20x13
Sun Room
- Features: Other
- Level: Main
- Area: 108
- Dimensions: 12x9
Property
Details
- Parcel number: 490219120006000800
- Horse amenities: None
Features
- Levels: Two
- Stories: 2
- Entry location: Free Standing
- Patio & porch: Deck,Glass Enclosed
- Fencing: Fenced,Partial,Privacy,Gate
- Has view: Yes
- View description: Lake,Water
- Has water view: Yes
- Water view: Lake,Water
- On waterfront: Yes
- Waterfront features: Dock,Lake Front,Water Access,Water View,Waterfront
Lot
- Lot size: 1,742 sqft
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
- Strong Wind
- 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 | $4,545 | $54,540 |
| Home Insurance * | $497 | $5,964 |
| Property Taxes | $923 | $11,076 |
| Electricity | $237 | $2,853 |
| Total | $6,202 | $74,424 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
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.
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 |
|---|---|---|
| 2026-08-04 | Price change | $879,900 |
| 2026-07-09 | Listed for sale | $899,000 |
| 2020-02-21 | Sold | $600,000 |
| 2020-01-20 | Pending sale | $635,000 |
| 2020-01-10 | Listed for sale | $635,000 |
