3312 Bay Road South Drive Indianapolis, IN $ 725,000
3312 Bay Road South Drive
$ 725,000
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3312 Bay Road South Drive

Indianapolis, IN, 46240
$ 725,000
Bedrooms3 Baths2.1 Sq 2,484

Monthly Estimate*

$ 5,007

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Condo for sale in Indianapolis, IN

for $725,000 with 3 bedrooms and 2 full baths, 1 half bath. This 2,484 square foot condo was built in 1988 on a lot size of 0.04.

Welcome to Nantucket Bay! This spacious 3-bedroom, 2.5-bath home offers breathtaking water views from nearly every window, showcasing the stunning 50+ acre, spring-fed, tree-lined lake-stocked with over 20 species of fish. The living room with its fireplace is perfect for family movie nights or entertaining guests. Enjoy the sparkling lake right from your living room, complete with sliding glass doors that open to one of three private decks and your own boat dock. Step inside to a warm and inviting foyer with hardwood floors. Just off the entry is a cozy den/library built-in bookshelves, and French doors-an ideal retreat or home office. The open kitchen, equipped with stainless steel appliances flows seamlessly into the dining room and a charming sitting area & coffee bar with serene lake views. Upstairs, you'll find the primary suite with a walk-in closet and shower stall, as well as two additional spacious bedrooms, all with newer carpet. The updated hall bathtub features a stunning remodel completed by Dream Baths by Bee (Bee Window). The neighborhood offers fantastic amenities including a tennis/pickleball court and quiet streets perfect for walking. Experience the tranquility of lakeside living every day while still being just minutes from Keystone at the Crossing, top restaurants, and shopping. Enjoy a low-maintenance lifestyle with more time to relax, travel, or entertain family and friends by the lake. New roof 2024, New Gutters with covers 2024, exterior painted 2025. Taxes are not $18K as reflected on some websites, they are $5253 semi.

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Condo Active

Price

$ 725,000

Bedrooms

3

Full Bath

2

Half Bath

1

Property Type

Condo

Taxes

$ 10,506

Style

Traditional

Lot Size

0.04

Year Built

1988

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22106893

Features
Interior
Interior Amenities Built-in Features Entrance Foyer Eat-in Kitchen Walk-In Closet(s)
Total Fireplaces 1
Fireplace Features Living Room
Common Walls 1 Common Wall
Basement (Y/N) N
Half Baths 1
Laundry Features Main Level
Total Bedrooms 3
Main Level Bedrooms 0
Total Baths 3
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General
Heating Forced Air Natural Gas
Cooling Central Air
Possession Negotiable
Appliances Dishwasher Dryer Gas Water Heater MicroHood Microwave Electric Oven Refrigerator Washer
HOA Fee 625
Garage Spaces 2
Association Fee Includes Association Home Owners Entrance Common Insurance Lawncare Maintenance Grounds Maintenance Structure Maintenance Management Snow Removal Tennis Court(s)
Patio/Porch Features Deck
Architectural Style Traditional
Construction Materials Brick Cement Siding
Year Built 1988
View Water
Township Washington
Levels Two
Property Subtype Condominium
Tax Year 2025
Waterfront Features Dock Lake Front Water Access Water View Waterfront
Community Features Tennis Court(s)
Assoc Fee Paid Per Monthly
County Marion
New Construction N
Property Type Residential
Association Amenities Maintenance Grounds Maintenance Tennis Court(s) Insurance Management Snow Removal
HOA Y
Subdivision Name Nantucket Bay
Garage Y/N Y
Total Rooms 9
Full Baths 2
Status Active
Directions GPS Friendly
High School North Central High School
City Indianapolis
High School District MSD Washington Township
MLS Area 4903 - Marion - Washington
Lot Size Square Feet 1873
Elementary School Clearwater Elementary School
Property Attached Y/N Y
Current Financing Conventional
Middle/Junior High School Eastwood Middle School
Standard Status Active
Tax Lot 35
Virtual Tour https://www.talktotucker.com/tours/3312-bay-road-south-drive/22106893
Legal Description Nantucket Bay Replat Of Subplat E Lot 35Approx 1 880 Sq Ft Unit 0 1.04167% Interest In Common Area
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Exterior
Parking Features Attached
Lot Features Mature Trees
Water Source Public
Foundation Details Slab
Building Area Total 2484
Lot Size Acres 0.04
Waterfront Y/N Y
Horse Amenities None
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* Excluded Features
List By
F.C. Tucker Company

Broker

KARA.DEARMAN@TALKTOTUCKER.COM

Email

Affordability Calculator

$5,883
Per Month
85%
15%
0%
Monthly Principal & Interest
$5,007
Monthly Property Taxes
$876
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4046472 Elementary School
4046516 Middle School
North Central High School High School
Pricing History
DatePricePrice ChangeDescription
10/2/2026$725,000 -1.36% Price Down
9/17/2026$735,000 -1.34% Price Down
6/9/2026$745,000 Listed Price

Map


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3312 Bay Road South Drive, Indianapolis, IN, 46240 is a Condo for sale at $725,000 with 2,484 sqft and a lot size of 0.04. 3312 Bay Road South Drive has 3 bedrooms, 2.1 baths, and was built in 1988. The property's zip code is 46240 which is in Indianapolis, IN