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421 Springwood Drive, Carmel, IN 46032

Here's 421 Springwood Drive in Carmel, IN 46032. This listing is closed, but I can still walk you through the details.

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Photo of 421 Springwood Drive, Carmel, INSold — 421 Springwood Drive, Carmel, IN 460321 / 1

Quick read on the numbers:

$3,950,000$4,250,000

Sold
Beds

5

Baths

8

Sq ft

10,245

Built

2001

Acres

1.84

Here's what I think this home is worth:

FREE FROM SHELDON

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Key things to know

  • Sold 16% below list in 119 days
  • 3 fireplaces
  • Finished basement (1,592 sqft)
  • 4-car garage
  • 1.84-acre lot

From the listing

Exquisite custom-built estate on 1.84 acres of lushly landscaped grounds in the prestigious gated community of Springwood, overlooking the serene Nature Conservancy. This breathtaking home features both a 3-car attached garage and a 3-car detached garage. Inside, the grand great room welcomes you with a limestone fireplace and soaring windows that frame the park-like backyard. The formal dining room impresses with elaborate custom moldings and a hand-painted mural, while the main-level den offers a carved marble fireplace, custom built-ins, and TV niche. The main-floor primary suite is a private retreat, complete with a spa-inspired bath featuring a soaking tub, dual vanities, expansive walk-in shower, and an exceptional two-sided walk-in closet. The chef's kitchen, completely remodeled just two years ago, is a culinary masterpiece, boasting a butler's pantry, quartzite countertops, coffee bar, Wolf appliances, 6-burner gas range, built-in fridge/freezer, dual dishwashers, and additional refrigerator drawers. It flows seamlessly into the family room, featuring a limestone fireplace, custom seating, exposed truss ceiling, and stunning views of the backyard. The home also offers two …

A few highlights from the feature list:

Interior

Attic AccessBath Sinks Double MainBreakfast BarBuilt-in FeaturesHigh CeilingsCeiling VaultedElevatorHardwood FloorsPantryWalk-In Closet(s)

Exterior

Fire PitSprinkler SystemWater Feature Fountain

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

TAX ASSESSMENT

County assessed values for current year

Total Assessed Value

$2,917,300

Land Value

$668,000

Land$668,000

23% of total

Improvement Value

$2,249,300

Improvements$2,249,300

77% of total

Annual tax · 2024
$29,770
Exemption
Homestead

This home has sold:

Sold

$3,559,000

-$691,000 below list (-16.3%)

Closed
Apr 1, 2026
Listed at
$4,250,000
Sold
1 month ago
Sold in
119 days

Price history

  1. Sold$3,559,000

    Apr 1, 2026

  2. Price reduced$4,250,000 → $3,950,000

    Oct 20, 2025

  3. Listedat $4,250,000

    Sep 9, 2025

A few similar homes that recently sold nearby:

Recent comparable sales

Same zip · similar size

  • 10515 Roxley Bend

    $1,800,000

    10515 Roxley Bend

    6bd · 7ba · 7,523 sqft

    Sold May 2026

  • 1894 Rhettsbury Street

    $2,250,000

    1894 Rhettsbury Street

    4bd · 7ba · 7,881 sqft

    Sold Apr 2026

  • 10469 Roxley Bend

    $1,500,000

    10469 Roxley Bend

    6bd · 6ba · 7,249 sqft

    Sold May 2024

  • 12862 Horseferry Road

    $1,655,000

    12862 Horseferry Road

    4bd · 5ba · 7,531 sqft

    Sold Apr 2026

  • 3516 Hintocks Circle

    $2,385,000

    3516 Hintocks Circle

    5bd · 7ba · 9,176 sqft

    Sold Apr 2026

Comparative value

5 comps in this range

This home is 98% above median for similar nearby sales.

$1.5M$2.4MMedian $1.8M
$3.6M

A few places to dig deeper:

Springwood Carmel Clay Schools

MLS# 22061375

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