Here's 12474 Shadow Cove Way in Carmel, IN 46033, listed at $825,000.

73 photos from the listing — tap any to expand.

Photo of 12474 Shadow Cove Way, Carmel, IN

For Sale — 12474 Shadow Cove Way, Carmel, IN 460331 / 73

Quick read on the numbers:

$825,000

For Sale1 days on market

Beds

Baths

Sq ft

5,110

Built

2002

Acres

0.34

Here's what I think this home is worth:

Key things to know

Fireplace
Finished basement (1,687 sqft)
3-car garage
Lakes At Hazel Dell subdivision

From the listing

Nestled on a premium wooded lot in Carmel, this meticulously maintained 5BR/3.5BA Drees-built home offers the perfect blend of high end finishes, privacy, and recent updates. The completely renovated kitchen features upgraded cabinetry, a center island, a butler's pantry, and stainless steel appliances. The main level showcases beautifully refinished true hardwood floors, a spacious family room highlighted by a gas log fireplace with updated tile surround and mantle, and a private home office. The expansive basement is an entertainer's dream, offering a large theatre/TV area, multiple spaces for billiards or games, wet bar, full bath, dedicated home gym, and even a golf hitting bay tucked into the utility area for year-round practice. Step outside to the expansive paver patio overlooking the serene wooded & private backyard, a rare find for Carmel! The oversized 3-car side-load garage offers 680+ square feet... plenty of room to park large SUV's or store your toys!

A few highlights from the feature list:

Interior

Attic AccessKitchen IslandEntrance FoyerHardwood FloorsWalk-In Closet(s)Wet Bar

Exterior

LightingSprinkler System

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

TAX ASSESSMENT

County assessed values for current year

Total Assessed Value

$662,100

Land Value

$199,600

Land$199,600

30% of total

Improvement Value

$462,500

Improvements$462,500

70% of total

Annual tax · 2025: $6,872
Exemption: Homestead

Rough monthly:

Monthly payment

Estimate · $825,000

$5,006/mo

≈ $4,391 principal & interest · $573 tax · $42 HOA

Down payment (%)Interest rate (%)Term (yrs)

Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $165,000 on a loan of $660,000.

Price history

Listedat $825,000
May 19, 2026

Lakes At Hazel Dell · activity

past 6 months

Sold: 6
Median price: $725,000
Median DOM: 7 days

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 right at the median for similar nearby sales.

$655K$1.7MMedian $825K

$825K

A few places to dig deeper:

Lakes At Hazel Dell Carmel Clay Schools

MLS# 22101744

Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.