Here's 4898 Waterstone Way in Carmel, IN 46033, listed at $1,300,000.
1 photo from the listing — tap any to expand.
For Sale — 4898 Waterstone Way, Carmel, IN 460331 / 1Quick read on the numbers:
$1,300,000
5
6
7,400
1993
0.51
Here's what I think this home is worth:
From the listing
Welcome to 4898 Waterstone Way, located in the exclusive East Carmel neighborhood of Windpointe. Located on a wooded half acre lot, this brick traditional American design offers 7400 square feet of luxury living space. The property includes 5 bedrooms, 4/2 bathrooms, an expansive study, 3 car garage, as well as plenty of upgrades such as a basement rec room/wet bar with custom stone and poured concrete countertops, gourmet kitchen, 3 fireplaces a main floor primary, guest room in basement, and an expansive bonus room above the garage. A sports court, outdoor kitchen and mature tree-line in the backyard provide the perfect place for entertaining or enjoying nature. House is freshly painted, all new carpets, and hardwood floors are resurfaced. It is located close to walking paths, neighborhood clubhouse and pool. This immaculately maintained custom home is a rare delight for homeowners looking for a unique and thoughtful design in Carmel's luxury market- don't miss the opportunity to own it!
A few highlights from the feature list:
Interior
Upcoming open house:
Saturday, Jun 20 · 1–3PM
I'll break the details down — open any section that matters.
County assessed values for current year
Total Assessed Value
$1,067,000
Land Value
$195,600
18% of total
Improvement Value
$871,400
82% of total
Rough monthly:
Estimate · $1,300,000
$7,748/mo
≈ $6,919 principal & interest · $727 tax · $102 HOA
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $260,000 on a loan of $1,040,000.
Jun 19, 2026
past 6 months
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5 comps in this range
This home is 18% above median for similar nearby sales.