3306 Bay Road South Drive
Indianapolis, IN, 46240 $ 849,900
Bedrooms3 Baths2.1 Sq 2,594 Monthly Estimate*
$ 5,870
for $849,900 with 3 bedrooms and 2 full baths, 1 half bath. This 2,594 square foot condo was built in 1989 on a lot size of 0.04.
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.
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FeaturesInteriorInterior Amenities Attic Pull Down Stairs Built-in Features Entrance Foyer Pantry Walk-In Closet(s)
Total Fireplaces 1
Fireplace Features Family Room
Common Walls No Common Walls
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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GeneralHeating Forced Air Natural Gas
Cooling Central Air
Utilities Cable Connected Natural Gas Connected
Possession Negotiable
Appliances Dishwasher Dryer Disposal MicroHood Microwave Gas Oven Refrigerator Washer Water Heater Water Softener Owned
HOA Fee 625
Garage Spaces 2
Association Fee Includes Association Home Owners Entrance Common Insurance Lawncare Maintenance Structure Maintenance Snow Removal Tennis Court(s) Walking Trails
Patio/Porch Features Deck Glass Enclosed
Architectural Style Traditional
Construction Materials Shingle Siding
Year Built 1989
View Lake Water
Township Washington
Levels Two
Property Subtype Condominium
Tax Year 2025
Waterfront Features Dock Lake Front Water Access Water View Waterfront
Community Features Fishing Lake Tennis Court(s)
Assoc Fee Paid Per Monthly
County Marion
New Construction N
Property Type Residential
Association Amenities Insurance Maintenance Snow Removal Tennis Court(s) Trail(s)
HOA Y
Subdivision Name Nantucket Bay
Garage Y/N Y
Total Rooms 12
Full Baths 2
Status Active
Directions GPS Friendly
City Indianapolis
High School District MSD Washington Township
MLS Area 4903 - Marion - Washington
Lot Size Square Feet 1917
Property Attached Y/N N
Standard Status Active
Tax Lot 36
Legal Description Nantucket Bay Replat Of Subplat E Lot 36Approx 1 936 Sq Ft Unit 0 1.04167% Interest In Common Area
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ExteriorFencing Partial Privacy Gate
Parking Features Attached
Water Source Public
Foundation Details Slab
Building Area Total 2594
Lot Size Acres 0.04
Waterfront Y/N Y
Horse Amenities None
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* Excluded FeaturesList Bytiffanileffel@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $5,870
- Monthly Property Taxes
- $915
- 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.
Learn more about how to save NearbyCondo listings in Indianapolis, IN
Average List Price $268,905
Percent of Sale Price 68%
About Indianapolis, IN 843,184 Population
8% Since 2002
$ 43,160 Median Income
35.24 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
4045179 Elementary School
4045182 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/25/2026 | $849,900 | -3.41% | Price Down |
| 8/4/2026 | $879,900 | -2.12% | Price Down |
| 7/9/2026 | $899,000 | | Listed Price |