Today we kick off a new series where each Tuesday we will be having Top Realtors from around the country sharing thoughts about real estate and their local markets. This week we are pleased to have Paula Henry, a top Indianapolis Realtor who also sells Indianapolis homes on the water. Many of our clients come from Indiana and Illinois to buy their Clearwater beach house, aka “their piece of paradise”. Today I think  you’ll see that they also have some beautiful waterfront homes in Indiana as well- who knew?  I learned some new things myself, so while we love sharing about living in Clearwater Florida We hope you’ll enjoy this opportunity to learn more about  waterfront Indianapolis homes for sale from their local expert……    

  

It’s almost Spring here in Indianapolis Indiana; the trees and flowers are blooming and the grass is a beautiful shade of green. All we need now is a bit warmer weather and home buyer’s change their focus a bit. About this time of year, people start looking for Indianapolis Homes near the water. Most people don’t think of waterfront homes when they think of Indianapolis. While we don’t have fresh sea water, our lakes, rivers, streams and reservoir’s provide many wonderful waterfront homes in the Indianapolis area.

The first quarter of 2010, there were 90 Indianapolis homes sold with waterfront or waterview property. In 2010, that amount more than doubled from April 1 – August 31st, with 190 homes sold. So far in 2011, there have been 89 sales of Indianpolis homes with waterfront, lakefront or water view.

Depending on whether they have a boat or just want to be near the water will determine the neighborhood and area home buyers choose. The most popular area for waterfront Indianapolis homes and water fun is Geist Lake. Located on the northeast side of Indianapolis, this large body of water borders four city’s, three counties and is the only body of water in Indianapolis that allows motorized watercraft.

Currently there are 71 Geist waterfront homes for sale in Indianapolis, Fishers, McCordsville and Fortville. The lowest priced home comes in at $224,900 and the highest priced home comes in at $3,740,000. There’s a wide range of prices for homes at Geist, depending on the neighborhood, seclusion, whether there is a deeded dock and how many feet of waterfront the property has.

The median priced waterfront Indianapolis homes for sale today are $700,000.  In the Indianapolis real estate market this will buy you a five bedroom, five bath single story custom home which includes finished walkout basement with wet bar and billiards room, a pool, deeded boat dock and is on the main body of water.

Wow, by comparison, in Pinellas County, if we look at waterfront 5 bedroom 5 bath homes that have sold this year, the average selling price is $1,663,380 with the high sold being a home that sold for $3,770,000 (almost equal to the highest priced Indianapolis home for sale on the water right now.) 

Well now I see why Paula says, “Come Home to Indy, where the water is fine and you get a whole lot of home for the money.” – while it’s certainly beautiful in Indy, I still say, nothing beats our award winning beaches, the feel of warm sugar white sand between my toes and the spectacular sunsets we get each evening here in Clearwater Florida. Thank you Paula for sharing your local expertise on waterfront Indianapolis homes for sale.

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8 Comments

  1. What a gorgeous looking home and price tag for this Indianapolis waterfront home. So glad Paula Henry from Home to Indy shared this about Indy real estate.

  2. Cyndee and Paula:

    Sounds like Indianapolis has some very fine waterfront homes, which I did not expect–unlike the Clearwater waterfront beauties we know Cyndee sells. Thanks for the information, Paula!

  3. Indianapolis is really a great place for many activities. My favorite has always been the 500. I’m not really a racing fan, but no one can escape the excite in that city during the Indy 500 season!

  4. Cyndee – we have lakes and rivers; no beautiful gulf cost beaches like Clearwater. Still, people like waterfront homes, wherever they live.

  5. Looking at the difference in price for waterfront homes in Indianapolis versus Pinellas County it helps to consider that Indiana is nowhere near the ocean. Homes in Pinellas County are right upon the coast. No naturally real estate in that area has more value.

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