Homes for sale under $500k in Carmel, IN

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NEW CONSTRUCTION

ABOUT THIS HOME
Homes for sale under $500k in Carmel, IN
Welcome home to this stunning brand new custom built home nestled in the heart of one of Carmel's most historic and most charming neighborhoods. Thoughtfully designed with an emphasis on natural light, spacious living, and elevated finishes, this home delivers modern luxury with timeless appeal. When finished (December 2025) you will be able to step inside to an open main level flooded with sunlight from an abundant amount of large windows. The kitchen is a showpiece - featuring top-of-the-line appliances, under-cabinet lighting, upgraded cabinetry with soft close drawers and dovetail construction, and a layout perfect for both everyday living and entertaining. Luxury vinyl plank flooring f

$499,990

3 beds2.5 baths1,756 sq ft

10481 Cornell St, Indianapolis, IN 46280

Open main level • Upgraded cabinetry • Custom built home

NEW CONSTRUCTION

ABOUT THIS HOME
Homes for sale under $500k in Carmel, IN
This stylish three-story townhome embodies modern Carmel living at its finest. The ground floor features a spacious two-car garage and a versatile flex space with a half bath-ideal for a home gym, cozy den, or creative studio. On the second floor, an open-concept layout seamlessly connects the sunlit kitchen, dining area, living room, and a private office-perfect for remote work or quiet study. The living room includes a cozy fireplace that adds warmth and charm, while the kitchen impresses with a buffet, entertainment wet bar, and a generous eat-in island-ideal for entertaining guests. A powder bath on this level adds extra convenience. The third floor showcases a luxurious owner's suite w

$499,900

3 beds3 baths2,137 sq ft

9893 Greenvine Dr, Carmel, IN 46290

Spa-like bath • Walk-in closet • Oversized island

Listing provided by Zillow

ABOUT THIS HOME
Homes for sale under $500k in Carmel, IN
Don't Wait-This One Has It All! Welcome to a home that truly stands out from the rest. From the moment you step inside, the * * 10-foot ceilings * * and open layout create an instant "Wow" factor-bright, spacious, and perfect for modern living. The * * gourmet kitchen * * will make any home chef swoon, complete with * * high-end appliances, abundant cabinetry, and generous prep space * * for family dinners or hosting friends. Step out to the * * covered patio * * and enjoy your morning coffee or a sunset cookout-it's made for easy entertaining. The * * main-floor bedroom and full bath * * offer flexibility for guests or multi-gen living, while upstairs, a * *

$499,900

4 beds3 baths2,470 sq ft

6977 Mccain Way, Carmel, IN 46033

High-end appliances • Main-floor bedroom • 10-foot ceilings

ABOUT THIS HOME
Homes for sale under $500k in Carmel, IN
Beautifully Remodeled Home Just Blocks from Downtown Carmel! Step into style and comfort with this completely updated gem located just minutes from all the shopping, dining, and charm of downtown Carmel. This move-in-ready home features a brand-new kitchen, modern flooring, new windows, updated bathrooms, and so much more - all thoughtfully designed with today's lifestyle in mind. Enjoy peaceful evenings or morning coffee on your cozy sun porch overlooking the backyard - the perfect spot to relax and unwind. Surrounded by mature trees and just steps away from Carmel's thriving Arts & Design District, this home offers the perfect blend of convenience and charm. Don't miss your chanc

$499,900

3 beds2 baths1,664 sq ft

728 E Main St, Carmel, IN 46032

Modern flooring • Sun porch • Updated bathrooms

ABOUT THIS HOME
Homes for sale under $500k in Carmel, IN
NEW PRICE - $499,000! Looking for a 4 bedroom, 2.5 bath home with over 3,400 total sq ft WITH a finished basement in Cool Creek North? If so, here's your opportunity! Beautiful yard, lush landscaping and mature trees all around! Brand-new carpet upstairs (April), all-new gutters, and recent updates including a new water softener, HVAC, and water heater (Please see attached supplements for full list). Enjoy all the views from the recently re-modeled Kitchen (2021), complete with new appliances, over-sized island, and a breakfast nook. Main floor OFFICE, A powder bath, laundry room, several dining area options, closets galore and a cozy sitting room or separate living room featuring a stunnin

$499,000

4 beds2.5 baths3,681 sq ft

781 Dayton Dr, Carmel, IN 46033

New water softener • New hvac • New water heater

Property at 3433 Modesto Ln, Carmel, IN 46074, 4 beds, 2.5 baths

$499,000

4 beds2.5 baths3,151 sq ft

3433 Modesto Ln, Carmel, IN 46074

Property at 428 Neuman Way, Carmel, IN 46032, 2 beds, 2.5 baths

$495,000

2 beds2.5 baths1,056 sq ft

428 Neuman Way, Carmel, IN 46032

Property at 11994 Greenfield Rd, Zionsville, IN 46077, 3 beds, 2 baths

$480,000

3 beds2 baths2,153 sq ft

11994 Greenfield Rd, Zionsville, IN 46077

Property at 489 Firefly Ln, Carmel, IN 46032, 3 beds, 3 baths

$479,000

3 beds3 baths1,736 sq ft

489 Firefly Ln, Carmel, IN 46032

Property at 3800 Richmond Ct, Carmel, IN 46032, 4 beds, 2.5 baths

$475,000

4 beds2.5 baths2,189 sq ft

3800 Richmond Ct, Carmel, IN 46032

Property at 6954 Mccain Way, Carmel, IN 46033, 3 beds, 2.5 baths

$475,000

3 beds2.5 baths1,920 sq ft

6954 Mccain Way, Carmel, IN 46033

Property at 70 Guilford Trail Dr #1, Carmel, IN 46032, 4 beds, 3.5 baths

$465,000

4 beds3.5 baths2,722 sq ft

70 Guilford Trail Dr #1, Carmel, IN 46032

Property at 1732 Creekside Ln W, Carmel, IN 46032, 3 beds, 2.5 baths

$460,000

3 beds2.5 baths3,208 sq ft

1732 Creekside Ln W, Carmel, IN 46032

Property at 7228 Broadacre Ct, Carmel, IN 46033, 3 beds, 2.5 baths

$459,000

3 beds2.5 baths2,100 sq ft

7228 Broadacre Ct, Carmel, IN 46033

Property at 14554 Elsmere Ln, Carmel, IN 46074, 3 beds, 3 baths

$455,000

3 beds3 baths1,980 sq ft

14554 Elsmere Ln, Carmel, IN 46074

Listing provided by Zillow

Property at 12933 Grand Blvd, Carmel, IN 46032, 3 beds, 3.5 baths

$454,900

3 beds3.5 baths2,109 sq ft

12933 Grand Blvd, Carmel, IN 46032

Property at Fletcher Front Porch Plan Plan, Indianapolis, IN 46290, 2 beds, 2.5 baths

$449,900

2 beds2.5 baths1,868 sq ft

Fletcher Front Porch Plan Plan, Indianapolis, IN 46290

Listing provided by Zillow

Property at Madrona Front Porch Plan Plan, Indianapolis, IN 46290, 3 beds, 2.5 baths

$449,900

3 beds2.5 baths1,868 sq ft

Madrona Front Porch Plan Plan, Indianapolis, IN 46290

Listing provided by Zillow

Property at 2454 Gwinnett St, Carmel, IN 46032, 3 beds, 2.5 baths

$449,000

3 beds2.5 baths2,351 sq ft

2454 Gwinnett St, Carmel, IN 46032

Property at 74 Monon Ln, Carmel, IN 46032, 3 beds, 2.5 baths

$445,000

3 beds2.5 baths2,329 sq ft

74 Monon Ln, Carmel, IN 46032

Property at 84 Bennett Rd, Carmel, IN 46032, 3 beds, 2.5 baths

$442,000

3 beds2.5 baths3,748 sq ft

84 Bennett Rd, Carmel, IN 46032

Property at 233 Boulder Ct, Carmel, IN 46032, 4 beds, 2.5 baths

$440,000

4 beds2.5 baths2,014 sq ft

233 Boulder Ct, Carmel, IN 46032

Property at 12711 Vanderhorst St, Carmel, IN 46032, 3 beds, 3 baths

$440,000

3 beds3 baths2,108 sq ft

12711 Vanderhorst St, Carmel, IN 46032

Property at 3040 Gorham Ct, Carmel, IN 46033, 2 beds, 2 baths

$439,900

2 beds2 baths1,869 sq ft

3040 Gorham Ct, Carmel, IN 46033

Property at 12922 Ives Way, Carmel, IN 46032, 3 beds, 2.5 baths

$439,000

3 beds2.5 baths2,112 sq ft

12922 Ives Way, Carmel, IN 46032

Property at 3594 Tahoe Rd, Carmel, IN 46033, 4 beds, 2.5 baths

$435,000

4 beds2.5 baths2,050 sq ft

3594 Tahoe Rd, Carmel, IN 46033

Property at 453 Shade St, Carmel, IN 46290, 2 beds, 2.5 baths

$429,900

2 beds2.5 baths1,876 sq ft

453 Shade St, Carmel, IN 46290

Property at 11558 Perkins St, Carmel, IN 46032, 3 beds, 2.5 baths

$429,900

3 beds2.5 baths2,309 sq ft

11558 Perkins St, Carmel, IN 46032

Property at 12896 Grenville St, Carmel, IN 46032, 2 beds, 3.5 baths

$425,000

2 beds3.5 baths2,112 sq ft

12896 Grenville St, Carmel, IN 46032

Property at 10781 Downing St, Carmel, IN 46033, 4 beds, 2.5 baths

$425,000

4 beds2.5 baths2,272 sq ft

10781 Downing St, Carmel, IN 46033

Property at 14542 Elsmere Ln, Carmel, IN 46074, 3 beds, 3 baths

$425,000

3 beds3 baths1,980 sq ft

14542 Elsmere Ln, Carmel, IN 46074

Property at Frankton Plan, Carmel, IN 46074, 3 beds, 2.5 baths

$425,000

3 beds2.5 baths1,980 sq ft

Frankton Plan, Carmel, IN 46074

Listing provided by Zillow

Property at 449 Shade St, Carmel, IN 46290, 2 beds, 2.5 baths

$424,900

2 beds2.5 baths1,876 sq ft

449 Shade St, Carmel, IN 46290

Listing provided by Zillow

Property at 772 Ivy Ln, Carmel, IN 46032, 3 beds, 3.5 baths

$424,900

3 beds3.5 baths2,458 sq ft

772 Ivy Ln, Carmel, IN 46032

Property at Fairwood Plan, Carmel, IN 46074, 3 beds, 2.5 baths

$420,000

3 beds2.5 baths1,980 sq ft

Fairwood Plan, Carmel, IN 46074

Listing provided by Zillow

Property at 14548 Elsmere Ln, Carmel, IN 46074, 3 beds, 3 baths

$420,000

3 beds3 baths1,980 sq ft

14548 Elsmere Ln, Carmel, IN 46074

Listing provided by Zillow

Property at 6988 Sunstone Pl, Carmel, IN 46033, 3 beds, 3.5 baths

$419,000

3 beds3.5 baths2,355 sq ft

6988 Sunstone Pl, Carmel, IN 46033

Property at 7240 Zanesville Rd, Carmel, IN 46033, 4 beds, 3.5 baths

$410,000

4 beds3.5 baths2,364 sq ft

7240 Zanesville Rd, Carmel, IN 46033

Property at 11750 Yale Dr, Carmel, IN 46032, 3 beds, 3.5 baths

$409,999

3 beds3.5 baths2,478 sq ft

11750 Yale Dr, Carmel, IN 46032

Property at 3463 Windy Knoll Ln, Carmel, IN 46074, 2 beds, 2 baths

$404,900

2 beds2 baths1,888 sq ft

3463 Windy Knoll Ln, Carmel, IN 46074

Property at 14501 Baldwin Ln, Carmel, IN 46032, 3 beds, 2.5 baths

$404,500

3 beds2.5 baths2,941 sq ft

14501 Baldwin Ln, Carmel, IN 46032

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Based on information submitted to the MLS GRID as of Sat Nov 29 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Homes for sale under $500k in Carmel

There are currently 99 homes for sale under $500k in Carmel. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Carmel stay on the market for 34 days and receive 2 offers. Popular neighborhoods include East Brainerd, Castleton, Nora, The Village of West Clay, and Debary Plantation. This map is refreshed with the newest listings in Carmel every 15 minutes.

In the past month, 158 homes have been sold in Carmel. In addition to houses in Carmel, there were also 65 condos, 36 townhouses, and 2 multi-family units for sale in Carmel last month. Carmel is a not walkable city in Hamilton County with a Walk Score of 19. Carmel is home to approximately 79,551 people and 58,221 jobs. Find your dream home in Carmel using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Carmel are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Carmel. Our Carmel real estate stats and trends will give you more information about home buying and selling trends in Carmel. If you're looking to sell your home in the Carmel area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Carmel with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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Homes for sale under $500k in Carmel, IN

Homes for sale under $500k in Carmel

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