The Prime Carmel Redevelopment Opportunity! Great opportunity for investors, custom builders, or buyers looking to build their dream home in one of Carmel's most exciting redevelopment areas. This property is just minutes from downtown Carmel, the Carmel Arts & Design District, boutique shopping, popular restaurants, community events, and more. Situated on a beautiful wooded lot of approximately 0.32 acres (75' x 220'), the property offers an excellent opportunity for a custom new-build. The neighborhood is undergoing significant transformation, with older homes being replaced by beautiful custom residences. Newer sidewalks and surrounding new construction add to the area's appeal and continued growth. The existing 3-bedroom, 2-full-bath home offers 1,376 square feet and is currently habitable but the home is being sold AS IS and is not available for interior showings. The property is well suited for a buyer seeking a redevelopment opportunity and the potential to create a custom home with ample space for outdoor living. Enjoy the convenience of being within walking or biking distance to the restaurants, shops, entertainment, and amenities of downtown Carmel, as well as the nearby Gramercy and Marketplace mixed-use development. Don't miss this opportunity to secure a buildable lot in one of Carmel's fastest-changing and highly desirable areas!
The purpose of this district is to provide for medium density single-family residential development where adequate public facilities are available. The preservation of natural features, and encouragement of open space residential land-use patterns in this district is intended to implement the Comprehensive Plan's Residential Community Objective. The R2 District corresponds to Suburban Residential in the Comprehensive Plan's Land Classification Plan.
Permitted uses
Include but are not limited to:
Agriculture
Housing-Single unit
Public service
Park & open space
Property details
Parking
Parking Information
Garage Spaces: 0
Interior
Interior Sq. Ft. Information
Building Area Total: 1376
Living Area: 1376
Main Level Sq. Ft.: 1376
Upper Level Sq. Ft.: 0
Bedroom Information
# of Bedrooms Main: 3
Beds MU: 3
Bedrooms MU: 3
Bathroom Information
# of Full Baths (Total): 2
# of Full Baths (Main): 2
Full Baths MU: 2
Full Bathrooms MU: 2
Room 1 Information
Room Type: Master Bedroom
Room Dimensions: 15x11
Room Level: Main
Room 2 Information
Room Type: Living Room
Room Dimensions: 17x12
Room Level: Main
Room 3 Information
Room Type: Kitchen
Room Dimensions: 15x7
Room Level: Main
Room 4 Information
Room Type: Family Room
Room Dimensions: 18x12
Room Level: Main
Room 5 Information
Room Type: Bedroom 3
Room Dimensions: 10x10
Room Level: Main
Room 6 Information
Room Type: Bedroom 2
Room Dimensions: 12x10
Room Level: Main
Other Rooms Information
Rooms Upper: 0
Rooms Main: 6
Rooms Basement: 0
# of Rooms: 6
Fireplace Information
# of Fireplaces: 1
Fireplace Features: Family Room
Heating & Cooling
Heating Information: Forced Air, Natural Gas
Cooling Information: Central Air
Interior Features
Interior Features: Attic Access
Appliances: Dryer, Electric Oven
Flooring: Hardwood
Exterior
Exterior Features
Patio And Porch Features: Covered
Farm Information
Horse Amenities: None
Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Land Information
Acres: 1/4-1/2 Acre
Lot Information
Lot Size Acres: 0.38
Lot Features: Mature Trees, Trees-Small (Under 20 Ft)
Utilities
Utility Information
Utility Prim Sewage Disp: Municipal Sewer Connected
Water Source: Public
Solid Waste Information: No
Location
School Information
High School District: Carmel Clay Schools
Location Information
Directions: GPS Friendly
Tax Legal Description: Acreage .00, Section 31, Township 18, Range 4, Newark, Lot 51
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,376
Stories: 1.0
Lot Size: 0.38 acres
Style: Single Family Residential
Year Built: 1954
Year Renovated: 1954
County: Hamilton County
APN: 291031108011000018
Home facts updated by county records on Oct 1, 2026
Other
Home Information
Foundation Details: Slab
Construction Materials: Brick
Levels: One
Around this home
Schools
Carmel Elementary School
Public PreK-5 • Assigned • 0.6mi
8/10
Carmel Middle School
Public 6-8 • Assigned • 1.1mi
8/10
Carmel High School
Public 9-12 • Assigned • 0.9mi
10/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 101° expected this year, 18 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
4/10 Air Factor
3 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Carmel, IN • 46032
Average low and high temperatures (°F)
31
16
41
25
59
38
67
47
71
52
82
64
87
69
81
63
80
56
70
47
53
38
40
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Carmel. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$497,000 – $602,000
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