12208 Island Drive, Indianapolis, IN 46256 · $1,850,000 · Sold

Here's 12208 Island Drive in Indianapolis, IN 46256. This listing is closed, but I can still walk you through the details.

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Photo of 12208 Island Drive, Indianapolis, IN

Sold — 12208 Island Drive, Indianapolis, IN 462561 / 1

Quick read on the numbers:

$1,850,000

Sold

Beds

Baths

Sq ft

7,465

Built

1998

Acres

0.44

Here's what I think this home is worth:

FREE FROM SHELDON

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Key things to know

Sold 3.0% below list in 27 days
Private pool
3 fireplaces
Finished basement (2,236 sqft)
3-car garage

From the listing

Located on the only island on Geist you have to take a bridge over, this 5 bed, 5.5 bath showstopper sits right on the water with lake views from every single room. Soaring 12+ foot ceilings, resort-style amenities (hello, pool + basketball court!), and designer details throughout make this home equal parts luxury and lifestyle. Whether you're entertaining a crowd or soaking up a quiet sunset, this place brings the wow from the moment you walk in. From the moment you step through the dramatic, up-lit entryway-adorned with detailed trim work, elegant molding, and a show-stopping crystal chandelier above a grand staircase-you'll feel the difference. The main level is built for entertaining with two sophisticated living areas, two fireplaces, and a designer kitchen featuring a spacious island, bonus dining space, and seamless flow into the heart of the home. Upstairs, the expansive primary suite is a private retreat with a spa-inspired bath, double-headed walk-in shower, soaking tub, and a dream-worthy oversized closet. You'll also find two additional bedrooms each with their own full bathroom, and a loft, PLUS a tucked-away guest wing with its own bedroom, bath, and dual living space…

A few highlights from the feature list:

Interior

Cathedral Ceiling(s)High CeilingsWalk-In Closet(s)Wood Work PaintedBreakfast BarPaddle FanEntrance FoyerPantry

Exterior

Sprinkler System

I'll break the details down — open any section that matters.

TAX ASSESSMENT

County assessed values for current year

Total Assessed Value

$1,735,400

Land Value

$438,700

Land$438,700

25% of total

Improvement Value

$1,296,700

Improvements$1,296,700

75% of total

Annual tax · 2024: $16,412
Exemption: Homestead

This home has sold:

Sold

$1,795,000

-$55,000 below list (-3.0%)

Closed: Aug 25, 2025
Listed at: $1,850,000
Sold: 8 months ago
Sold in: 27 days

Price history

Sold$1,795,000
Aug 25, 2025
Listedat $1,850,000
Jun 18, 2025

A few similar homes that recently sold nearby:

Recent comparable sales

Same zip · similar size

Comparative value

5 comps in this range

This home is 56% above median for similar nearby sales.

$801K$2.1MMedian $1.1M

$1.8M

A few places to dig deeper:

Bridgewater Hamilton Southeastern Schools

MLS# 22045708