Perfectly positioned on the shores of Lake Kesslerwood, this stunning contemporary home offers a rare blend of modern design, total renovation, and exceptional lakefront living. Completely taken down to the studs and rebuilt in 2018, the home lives like new construction while embracing its serene waterfront setting. The star of the show is the seamless indoor-outdoor lifestyle. Expansive floor-to-ceiling windows and multiple sliding glass doors flood the home with natural light and open to incredible lake views. The open-concept main living area features soaring ceilings and connects the great room, dining area, and beautifully updated kitchen-ideal for entertaining. Step outside to a resort-style setting with composite decking, multiple patios, a hardwired gas fire pit, and an oversized lap pool and spa. Enjoy direct lake access with a private dock, perfect for swimming, kayaking, or relaxing days on the water. The main-level primary suite offers a spa-like ensuite bath, while two additional bedrooms (including a flexible office) share an updated hall bath with a walk-in shower. Upstairs, a private suite with its own living area is ideal for guests or extended stays. Additional highlights include a four-plus car garage with epoxy floors, a four-seasons porch overlooking the lake, a lower-level workout space, and hardwood floors with updated tile throughout. Immaculately maintained and move-in ready, this is a rare opportunity to own a turnkey lakefront home in one of Indianapolis' most unique settings.
Est. $2,040 per month, based on comparable rentals
Sale and tax history for 4951 Fall Creek Rd
Sale History
Tax History
Date
Event
Price
MIBOR as Distributed by MLS Grid #22096546
May 22, 2026
Sold
$1,000,000
$278/sq ft
Apr 24, 2026
Pending
—
Apr 22, 2026
Listed
$965,000
$268/sq ft
MIBOR as Distributed by MLS Grid #21908556
Apr 18, 2023
Sold
$845,000
$235/sq ft
Mar 18, 2023
Pending
—
Mar 15, 2023
Listed
$775,000
$215/sq ft
+37
A RARE FIND: Lake Life but in the City! This Washington Township mid-century modern ranch-style home features 4 bedrooms and 3.5 bathrooms overlooking peaceful Lake Kesslerwood. You will love the ample natural light and stunning lake views. The open-concept living room, kitchen, and dining room- perfect for entertaining. First-floor primary suite with two oversized walk-in closets, soaking tub, and spa feel. The second-floor suite, bedroom, bonus room, and bathroom are perfect for guests or teens. Watch the sunrise over the lake on the incredible deck or from the swim spa/ hot tub. There is so much to love here! Please refer to supplements for a full list of features and improvements.
MIBOR as Distributed by MLS Grid #21778962
Jul 30, 2021
Sold
$633,000
$176/sq ft
Jun 21, 2021
Pending
—
Jun 16, 2021
Price Changed
$650,000
$181/sq ft
Jun 14, 2021
Price Changed
$699,900
$194/sq ft
May 26, 2021
Price Changed
$720,000
$200/sq ft
May 5, 2021
Listed
$750,000
$208/sq ft
+38
HIGHLY SOUGHT AFTER LAKE KESSLERWOOD WATER FRONT HOME. Mid-century modern ranch style architecture. Lake lifestyle at it's finest! Resort like back yard with pool/swim spa, exquisite patios, decks, grill, new dock, kayak launches and more!! Stunning great room with cathedral ceilings, fireplace, all lake facing. Enjoy morning coffee in your year round sun room. Open light and bright floor plan seen in 2021 homes. Endless views of the lake from most rooms. Updated kitchen W/granite counters, newer appliances. Studs out master bath suite. His and her closets. Hall bath updated. Finished lower level great for entertainment and family gatherings. Tandem 3rd extra tall garage bay could accommodate 2 cars, motor home or boat with trailer.
MIBOR as Distributed by MLS Grid #21375602
Nov 11, 2015
Sold
$397,000
$110/sq ft
Sep 29, 2015
Contingent
—
Sep 10, 2015
Listed
$409,000
$114/sq ft
MIBOR as Distributed by MLS Grid #2863361
Apr 29, 2009
Listing Removed
—
Oct 26, 2008
Listed
$275,000
$76/sq ft
MIBOR as Distributed by MLS Grid #2327452
May 28, 2003
Listed
$365,000
$101/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$11,877 (+7.6%)
$127,400 + $761,000
$888,400
2024
$11,038 (+38.9%)
$127,400 + $653,200
$780,600
2023
$7,949 (−6.2%)
$127,400 + $653,200
$780,600
2022
$8,471 (+44.0%)
$121,000 + $450,700
$571,700
2021
$5,881 (+5.7%)
$84,800 + $334,600
$419,400
2020
$5,564 (+7.0%)
$84,800 + $334,600
$419,400
2019
$5,198 (+4.1%)
$84,800 + $335,300
$420,100
2018
$4,992 (+2.9%)
$84,800 + $335,300
$420,100
2017
$4,853 (+9.4%)
$84,800 + $323,100
$407,900
2016
$4,434 (+10.5%)
$84,800 + $323,100
$407,900
2015
$4,012 (+2.1%)
$84,800 + $317,000
$401,800
2014
$3,931
$84,800 + $299,700
$384,500
2013
$3,930
$84,800 + $292,000
$376,800
Public record
Public record
Zoning
Permits
Beds
3
Baths
2.5
Stories
1
Lot width
103 ft.
Lot depth
215 ft.
Lot size
0.51 Acres
Year renovated
2005
Sq. Ft.
4,586
Year built
1985
Style
Single Family Residential
County
Marion County
APN
490704116003000800
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
DP
METRO
Planned Unit Development
The planned unit development district (D-P) is established for the following
purposes: To encourage a more creative approach in land and building site planning. To encourage and efficient, aesthetic and desirable use of open space. To encourage variety in physical development pattern. To promote street layout and design that increases connectivity in a
neighborhood and improves the directness of routes for vehicles, bicycles, pedestrians, and transit on an open street and multi-modal network providing multiple routes to and from destinations.
To achieve flexibility and incentives for residential, non-residential and mixed-use developments which will create a wider range of housing types as well as amenities to meet the ever changing needs of the community. To encourage renewal of older areas in the metropolitan region where new development and restoration are needed to revitalize areas. To permit special consideration of property with outstanding features, including but not limited to historical significance, unusual topography,
environmentally sensitive areas and landscape amenities. To provide for a comprehensive review and processing of development proposals for developers and the Metropolitan Development Commission by providing for concurrent review of land use, subdivision, public improvements
and siting considerations. To accommodate new site treatments not contemplated in other kinds of
districts.
Zone overlays
Metro Context Area
Aug 5, 2016 • Active
Heating & cooling - 1-2 family
Replace the existing furnace and air conditioning unit.
HVAC
Nov 22, 1999 • Final
Heating & cooling permit-1-2 family-replacement
Replace an air conditioning unit.
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Garage SqFt: 1112
Garage Parking Other: Garage Door Opener
Parking Features: Attached
Garage Spaces: 4
Has Garage
Interior
Interior Sq. Ft. Information
Building Area Total: 3600
Living Area: 3525
Main Level Sq. Ft.: 2363
Upper Level Sq. Ft.: 618
Lower/Basement Level Sq. Ft (Finished): 544
Bedroom Information
Primary Bedroom Description: Closet Walk in
# of Upper Bedrooms: 1
# of Bedrooms Main: 3
Beds MU: 4
Bedrooms MU: 4
Bathroom Information
# of Full Baths (Total): 3
# of Half Baths (Total): 1
# of Full Baths (Upper): 1
# of Full Baths (Main): 2
# of Half Baths (Basement): 1
Full Baths MU: 3
Full Bathrooms MU: 3
Primary Bathroom Description: Shower Stall Full,Sinks Double,Suite,Tub Full