5715 Sunset Lane presents an extraordinary opportunity on one of Indianapolis' most private and prestigious streets. Reminiscent of classic Colonial Williamsburg, this iconic Georgian Colonial was originally envisioned by renowned architect Warren Rindge and carries an elite legacy. Built in 1957 by the family behind Wonder Bread it was later expanded by former Eli Lilly & Co. CEO, Richard Wood and recently underwent a meticulous, comprehensive renovation seamlessly blending timeless craftsmanship with sophisticated modern luxury. The heart of the home features an open, seamless entertaining space anchored by a custom kitchen with Fahrenbacher cabinetry, a Thermador appliance suite, and exquisite quartzite counters. Indulge in a reimagined primary suite with vaulted ceilings and a spa-inspired bath with heated floors. State-of-the-art upgrades include a wellness room with hybrid sauna, media room, Control4 automation, Sonos sound, and 5 new furnaces and 6 updated fireplaces and chimneys. The legendary South Wing, designed by celebrated cultural landmark architect Jonathan Hess and built by premier commercial contractor Wilhelm, introduces a light-filled tea room with a new copper dome, private offices, and elevator access. The hand-carved woodwork in the Loggia by master artisan P.K. Smith beautifully emulates the style of English master carver Grinling Gibbons. Expansive windows frame breathtaking views of museum-quality grounds officially recognized in the Smithsonian Institute's Gardens of America, complete with an iconic central fountain. A rare, once-in-a-generation masterpiece of history, unparalleled craftsmanship, and modern lifestyle refinement. Welcome home to Sunset Lane.
Today offers an opportunity to own a piece of one of Indianapolis' most prominent streets, Sunset Lane. Its quiet, winding road is flanked by manicured lawns, lush gardens, and mature trees. At 5715 you'll find a classic home reminiscent of Colonial Williamsburg marked by elegance and remarkable detail. The original home is finished with wide plank hardwoods, exquisite fireplaces warming nearly every room, and sophisticated trim details. Expanded in 1996, the south wing provides additional office space, stately tea room with walls of windows, and elevator to lower-level garages. The grounds are beautifully manicured and provide breathtaking views from every room of the home. Rooms now used as office/dens could become additional bedrooms.
MIBOR as Distributed by MLS Grid #21731223
Sep 24, 2022
Listing Removed
—
Aug 10, 2022
Price Changed
$3,215,000
$271/sq ft
May 23, 2022
Price Changed
$3,240,000
$273/sq ft
Jan 4, 2022
Price Changed
$3,490,000
$294/sq ft
Mar 16, 2021
Price Changed
$3,950,000
$333/sq ft
Feb 8, 2021
Price Changed
$4,250,000
$358/sq ft
Aug 12, 2020
Listed
$4,500,000
$379/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$28,611 (−18.2%)
$73,400 + $2,018,200
$2,091,600
2024
$34,979 (+36.9%)
$73,400 + $2,320,100
$2,393,500
2023
$25,560 (−2.7%)
$73,400 + $2,320,100
$2,393,500
2022
$26,271 (−6.4%)
$73,400 + $1,672,400
$1,745,800
2021
$28,065 (+7.0%)
$73,400 + $1,821,300
$1,894,700
2020
$26,232 (+8.2%)
$73,400 + $1,821,300
$1,894,700
2019
$24,237 (+6.1%)
$73,400 + $1,822,300
$1,895,700
2018
$22,850 (+9.8%)
$73,400 + $1,822,300
$1,895,700
2017
$20,810 (+11.3%)
$73,400 + $1,627,500
$1,700,900
2016
$18,695 (+5.3%)
$73,400 + $1,627,500
$1,700,900
2015
$17,754 (+1.4%)
$73,400 + $1,594,700
$1,668,100
2014
$17,515 (−0.3%)
$73,400 + $1,573,500
$1,646,900
2013
$17,565
$73,400 + $1,552,800
$1,626,200
Public record
Public record
Zoning
Permits
Beds
4
Baths
6
Stories
2
Lot width
—
Lot depth
—
Lot size
1.89 Acres
Year renovated
1987
Finished Sq. Ft.
10,518
Unfinished Sq. Ft.
—
Total Sq. Ft.
10,518
Year built
1957
Style
Single Family Residential
County
Marion County
APN
490602100021000805
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on May 11, 2026.
DS
METRO
Dwelling Suburban District
The D-S District is intended for suburban areas of extreme topography, areas conducive to estate development, or areas where it is desirable to permit only low density development (such as adjacent to floodplains, aquifers, urban conservation areas, within the extended alignment of airport runways, etc.). Generous front yards with trees along roadways that follow the natural terrain of the land are envisioned for the D-S District. Estate development in a natural setting is the typical realization of the District. The D-S District provides for single-family residential lots consisting of at least one acre. A typical density for the D-S District is 0.4 units per gross acre. This District fulfills the lowest density residential classification of the Comprehensive General Land Use Plan. Development plans would likely use the cluster option when subdividing and should incorporate and promote environmental and aesthetic considerations, working within the constraints and advantages presented by existing site considerations, including vegetation, topography, drainage and wildlife.
Zone overlays
Metro Context Area
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Communications tower
Park & open space
Apr 25, 2023 • Active
Asbestos notification
Renovate a residential structure.
Demolition
Apr 18, 2012 • Final
Sewer connection
Plumbing
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.
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, 16 days in 30 years
2/10 Wind Factor
0% 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
Indianapolis, IN • 46228
Average low and high temperatures (°F)
32
18
42
26
60
40
68
48
72
53
84
67
86
69
84
65
81
59
70
48
54
39
41
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5715 Sunset Ln
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $440,000 and $1,500,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $440K to $1.5M.