For sale

$5,400,000

Est. $36,030/mo —

•

13,549

sq ft

841 Alverna Dr, Indianapolis, IN 46260

About this home

This exquisite, one-of-a-kind custom home in the prestigious gated Alverna neighborhood was designed by noted architect J. Landfair Welty and built by accomplished custom home builder RJ Klein in 1996. The home exudes characteristics of Mediterranean Revival architecture, featuring stucco walls, a red tile roof, intricate carvings, and arched windows and doorways. Built on perhaps the most private lot in Alverna on 4.6 wooded acres, the property offers a luxury escape, only minutes from shopping, dining and top-rated schools. Custom landscaping compliments the beautiful courtyard and features a hand carved limestone fountain, perfect for posh entertaining or peaceful relaxation - seamlessly blending indoor and outdoor living. The interior consists of 3 levels with 4 bedrooms, 4 full baths, 3 half baths and approx. 10,448 finished square feet. Upon entering, you are greeted by the stunning and expansive great room, which is over 1,600 square feet and boasts hand carved limestone throughout, including a magnificent limestone fireplace. Statement light fixtures, stained glass and thoughtful architectural details are in every room. Incredible setting for entertaining featuring a 1750 bottle wine cellar, butlers pantry and recreation/game room with wet bar. The primary bedroom suite boasts 18+ foot ceilings with an spa-like bathroom and spacious closet. Beautiful executive library with fireplace and private paneled office. Large kitchen and dining area with main floor laundry room and additional work/office area. This is truly a one-of-a-kind RJ Klein masterpiece in gated Alverna.

Single-familyProperty Type

1996Year Built

4.64 acresLot Size

$399Price/Sq.Ft.

3 car garageParking

Listed by Mark Zukerman • Encore Sotheby's International

Listing updated: Jun 10, 2026 at 05:04pm

Redfin checked: 3 minutes ago

•Source:MIBOR as Distributed by MLS Grid #21986577

Payment calculator

$36,030 per month

Principal and interest$30,577

Property taxes

$3,518

HOA dues

Home insurance

$1,935

Utilities

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Open houses

No upcoming open houses.

Nearby open houses (10)

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Around this home

Schools

K - 12
Preschool & daycare

Spring Mill Elementary School

Public K-5 • Assigned • 0.4mi

3/10

Northview Middle School

Public 6-8 • Assigned • 2.2mi

8/10

North Central High School

Public 9-12 • Assigned • 2.4mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Market insights

841 Alverna Dr · $5,400,000

DAYS ON MARKET

The average home goes pending in 29 days.

SALE-TO-LIST

Most homes are selling 2% below list price.

LIST PRICE

Median list price in this area is $256,129. (95% lower than this home)

PRICE DROP

34% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Built-in features
High ceilings
Partial finished basement
4 fireplaces (one in recreation room)

Bedrooms
Primary bedroom with walk-in closet
Main level bedroom included
Four bedrooms total (3 upper)

Bathrooms
Four full bathrooms (including one full bath on main level)
Three half bathrooms (all on main level)
Primary bathroom with double sinks

Kitchen
Dishwasher
Gas oven

Laundry & utility
Main level laundry

Flooring
Marble in select rooms (guest room, laundry, foyer)

Heating & cooling
Forced air heating (natural gas)
Central air conditioning

Sale and tax history for 841 Alverna Dr

Sale History
Tax History

Year

Property tax

Land + Additions

Assessment*

2025

$44,579 (−3.0%)

$377,400 + $2,676,600

$3,054,000

2024

$45,942 (+0.8%)

$377,400 + $2,552,200

$2,929,600

2023

$45,587 (+7.0%)

$377,400 + $2,552,200

$2,929,600

2022

$42,607 (+6.4%)

$377,400 + $2,552,200

$2,929,600

2021

$40,042 (+7.0%)

$200,600 + $2,410,700

$2,611,300

2020

$37,436 (+8.2%)

$200,600 + $2,410,700

$2,611,300

2019

$34,595 (+4.4%)

$200,600 + $2,410,700

$2,611,300

2018

$33,129 (+2.5%)

$200,600 + $2,410,700

$2,611,300

2017

$32,317 (+8.4%)

$200,600 + $2,345,200

$2,545,800

2016

$29,821 (+4.5%)

$200,600 + $2,345,200

$2,545,800

2015

$28,531 (−0.3%)

$200,600 + $2,363,700

$2,564,300

2014

$28,610 (−0.7%)

$200,600 + $2,352,300

$2,552,900

2013

$28,824

$200,600 + $2,361,500

$2,562,100

Public record

Public record
Zoning
Permits

Beds

—

Baths

5.5

Stories

Lot width

292 ft.

Lot depth

692 ft.

Lot size

4.64 Acres

Year renovated

1996

Finished Sq. Ft.

9,395

Unfinished Sq. Ft.

—

Total Sq. Ft.

9,395

Year built

1996

Style

Single Family Residential

County

Marion County

APN

490322107012000800

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on May 11, 2026.

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

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 • 46260

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

70/ 100

Good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.6 hrs

3 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 841 Alverna Dr

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $418,000 and $1,090,000.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $418K to $1.1M.

SOLD BY REDFIN AUG 24, 2026
$670,000 Last sold price
4 beds3.5 baths4,082 sq ft
8433 Sunset Ln, Indianapolis, IN 46260
$235/sq ft
smaller lot
31 years older
SOLD MAR 18, 2026
$1,090,000 Last sold price
6 beds5 baths8,168 sq ft
8526 Oakmont Ln, Indianapolis, IN 46260
$266/sq ft
smaller lot
3 years newer
SOLD MAY 27, 2026
$1,000,000 Last sold price
5 beds3.5 baths5,423 sq ft
8121 N Illinois St, Indianapolis, IN 46260
$215/sq ft
smaller lot
41 years older
SOLD DEC 19, 2025
$1,000,000 Last sold price
4 beds4.5 baths6,208 sq ft
8661 Williamshire Dr W, Indianapolis, IN 46260
$238/sq ft
smaller lot
12 years older
SOLD AUG 28, 2026
$600,000 Last sold price
3 beds2 baths2,712 sq ft
7953 Spring Mill Rd, Indianapolis, IN 46260
$178/sq ft
smaller lot
18 years older
SOLD FEB 20, 2026
$418,000 Last sold price
4 beds2.5 baths2,698 sq ft
910 Claridge Ct, Indianapolis, IN 46260
$244/sq ft
smaller lot
19 years older

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Early Access listings

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Details provided by MIBOR as Distributed by MLS Grid and may not match the public record. Learn more.

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