Heron Lake, IN homes for sale & real estate

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ABOUT THIS HOME
Heron Lake, IN Homes for Sale
This condominium offers an inviting home that is ready to move in. The allure of this property is magnified by its water aspect, where the gentle reflections dance and shimmer, creating a serene backdrop to daily life. Imagine the calming effect of this vista, providing a tranquil escape from the hustle and bustle. With a lot area of 3306 square feet, this condominium, constructed in 1965, presents a unique opportunity to own a piece of Indianapolis history. This condominium offers an opportunity to embrace a lifestyle of comfort and convenience. Priced to sell with all hardwood flooring in all rooms. Beautiful lake view from living room and outdoor balcony. Priced to sell!

$130,000

2 beds2 baths1,347 sq ft

5040 Allisonville Rd Unit E, Indianapolis, IN 46205

Hardwood flooring • Lake view • $340 HOA

ABOUT THIS HOME
Heron Lake, IN Homes for Sale
A great investment at Heron Lake you can enjoy! One of the largest condos with an affordable price. Entering in you will be amazed at the large open space aligned with windows letting in the sunlight and a view of the Lake. Floor to ceiling built in shelving in the dining/living room. Wrapped around the dining room you have the finished porch. It is a great addition to the primary bedroom also with an attached full bath and plenty of closet space. Another full bath and 2 other large bedrooms. This condo comes with a two car garage for storage or keeping your car warm and snow free!! Great location, close to Broad Ripple, Castleton, Ft. Harrison State Park and I465 & I70. This condo is

$116,279

3 beds2 baths1,672 sq ft

5034 Allisonville Rd Unit C, Indianapolis, IN 46205

Finished porch • Attached full bath • Large open space

NEW CONSTRUCTION3D WALKTHROUGH

ABOUT THIS HOME
Heron Lake, IN Homes for Sale
BUILDER-PAID 3% Rate!! It's like 2020 all over again!! Welcome to 2841 Tropical Drive, a one-of-a-kind custom luxury home nestled on the tranquil shores of Herron Lake in north Indianapolis. This brand-new construction offers over 3,500 square feet of finished living space across three levels, with breathtaking panoramic water views from nearly every room. With direct access to the scenic Nickel Plate Trail and just 15-20 minutes from downtown, this is a rare opportunity for both discerning owner-occupants and savvy investors. Thoughtfully designed with high-end modern finishes and bold architectural character, this home offers a refined yet inviting aesthetic. The open-concept main level f

$590,000

4 beds3.5 baths3,584 sq ft

2841 Tropical Dr, Indianapolis, IN 46205

Private decks • Low-maintenance lot • Gourmet kitchen

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3D WALKTHROUGH

ABOUT THIS HOME
Heron Lake, IN Homes for Sale
A stunning, all-brick ranch in prime Washington Township location, beautifully updated from top to bottom and truly move-in ready. This 3-bedroom, 2-full-bath home offers stylish finishes, a spacious finished basement, and easy access to Broad Ripple, downtown, shopping, restaurants, and top-rated Washington Township schools. Step inside to an inviting living area featuring an updated fireplace, abundant natural light, and all new flooring throughout. The custom-designed kitchen is a standout, with new cabinetry, stunning and classy tile backsplash, sleek new appliances, range hood, upgraded lighting, and thoughtful storage-perfect for everyday cooking and entertaining. The private primary

$339,000

3 beds2 baths1,800 sq ft

4705 Allisonville Rd, Indianapolis, IN 46205

Updated fireplace • Large storage area • All brick ranch

Based on information submitted to the MLS GRID as of Sun Dec 28 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.

Average home prices near Heron Lake, IN

Cities

Neighborhoods

Allisonville homes for sale
$370,000
Mapleton-Fall Creek homes for sale
$301,950
East Side Indianapolis homes for sale
$198,500
Devonshire homes for sale
$418,250
Broad Ripple homes for sale
$340,000
South Broad Ripple homes for sale
$352,450
Warfleigh homes for sale
$377,500
Meridian Kessler homes for sale
$369,900
North Side Indianapolis homes for sale
$264,900
Butler-Tarkington homes for sale
$265,000

Heron Lake, IN real estate trends

$128K

Sale price

+7.7%
since last year

$91

Sale $/sq ft

+31.9%
since last year

Under list price

7.9%

Days on market

Down payment

—

Total homes sold

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