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9935 Redwood Peak Ln, Indianapolis, IN, 46259

5beds
4baths
3,373sqft
$544,990
$162price/sqft
$3,717/moest. monthly cost
$148,680/yrincome needed

About This Home

Welcome to 9935 Redwood Peak Lane in Indianapolis, Indiana — a stunning new construction home by M/I Homes. This beautifully designed 2-story residence offers 3,373 square feet of thoughtfully planned living space with 5 bedrooms and 3 full bathrooms, creating a layout ideal for comfortable everyday living and effortless entertaining. Step inside to an inviting open-concept living area that seamlessly connects the kitchen, dining, and living spaces. The home's quality craftsmanship is evident throughout, from the well-appointed finishes to the functional floorplan that maximizes every inch of space. The kitchen features a large island with a sink, a spacious pantry, stainless steel appliances, and quartz countertops throughout the home, offering both style and everyday practicality. The adjoining morning room fills the space with natural light and creates a warm, welcoming place to gather. Key Features: 3-car garage First-floor guest or in-law suite Kitchen island with a sink Stainless steel appliances Quartz countertops throughout the home Morning room addition Loft Walk-in closets in each of the upstairs bedrooms The first-floor guest or in-law suite provides privacy and convenience for visitors or multigenerational living. Upstairs, the owner's suite features a private en-suite bathroom with a dual-sink vanity, while each additional bedroom includes its own walk-in closet for exceptional storage. The spacious ...

Getting Around

2
WalkingCar-Dependent
0
TransitNo Nearby Transit
32
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Property condition: New Construction,Under Construction
  • New construction: Yes
  • Year built: 2025

Other

  • Builder name: M/I Homes

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Interior Area

  • Total interior livable area: 3,373 sqft

Property

Features

  • Levels: 2.0
  • Stories: 2

Parking

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

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

How This Home’s Risks Compare

Cold Wave
Heat Wave
Inland Flooding
Tornado
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 $2,755$33,060
Home Insurance *$249$2,988
Property Taxes $404$4,848
Electricity $309$3,710
Total$3,717$44,604
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$127,440/yr
40% on housing$111,510/yr
45% on housing$99,120/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

$162This listing

vs Other Active Listings

Avg $/sqft

ZIP 46259$159
Marion County$125

vs Homes Sold Last Month

Median $/sqft

ZIP 46259$139
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
2026-05-08Listed for sale$569,990

New Construction Spec

AgentM/I Homes of Indiana, L.P.
BrokerageM/I Homes

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