12488 Heatherstone Place, Carmel, IN 46033 · $799,999 · Sold

Here's 12488 Heatherstone Place in Carmel, IN 46033. This listing is closed, but I can still walk you through the details.

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Front exterior at 12488 Heatherstone Place, Carmel, IN

Sold — 12488 Heatherstone Place, Carmel, IN 460331 / 1

Quick read on the numbers:

$799,999$875,000

Sold

Beds

Baths

Sq ft

4,920

Built

1995

Acres

0.39

Here's what I think this home is worth:

FREE FROM SHELDON

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Key things to know

Sold 10% below list in 37 days
Fireplace
Finished basement (1,336 sqft)
3-car garage
Bayhill subdivision

From the listing

Bayhill Beauty on a Private Lot - 5 Bedrooms + Incredible Amenities! Live the lake lifestyle in this stunning Bayhill home, perfectly situated on a private lot just steps from the main lake and the 2-mile walking trail. With 5 bedrooms-including one conveniently located on the main level-this home is made for both everyday comfort and unforgettable gatherings. Upstairs, a massive bonus room is ready for epic slumber parties, gaming marathons, or the ultimate hangout spot. Downstairs, the finished lower level transforms into your own private theatre-perfect for movie nights and cheering on your favorite team. The main level impresses with a large formal dining room, a dedicated office, and a sun-filled kitchen that opens to the bright family room featuring built-ins and a cozy gas fireplace. A spacious 3-car garage offers plenty of room for cars, hobbies, and storage. Bayhill residents enjoy resort-style amenities-clubhouse, 3 sparkling pools, swim team, tennis courts, playground, and picnic area. This is more than a home-it's a lifestyle!

A few highlights from the feature list:

Interior

Built-in FeaturesTray Ceiling(s)Kitchen IslandEntrance FoyerHardwood FloorsIn-Law ArrangementEat-in KitchenPantryWalk-In Closet(s)Wood Work Painted

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

$813,500

Land Value

$203,600

Land$203,600

25% of total

Improvement Value

$609,900

Improvements$609,900

75% of total

Annual tax · 2024: $7,200
Exemption: Homestead

This home has sold:

Sold

$785,000

-$90,000 below list (-10.3%)

Closed: Oct 22, 2025
Listed at: $875,000
Sold: 7 months ago
Sold in: 37 days

Price history

Sold$785,000
Oct 22, 2025
Price reduced$849,999 → $799,999
Sep 11, 2025
Listedat $875,000
Aug 14, 2025

Bayhill · activity

past 6 months

Sold: 5
Median price: $855,000
Median DOM: 25 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$900KMedian $780K

$785K

A few places to dig deeper:

Bayhill Carmel Clay Schools

MLS# 22054239