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4898 Waterstone Way, Carmel, IN 46033

Here's 4898 Waterstone Way in Carmel, IN 46033, listed at $1,300,000.

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Photo of 4898 Waterstone Way, Carmel, INFor Sale — 4898 Waterstone Way, Carmel, IN 460331 / 1

Quick read on the numbers:

$1,300,000

For Sale1 days on market
Beds

5

Baths

6

Sq ft

7,400

Built

1993

Acres

0.51

Here's what I think this home is worth:

Key things to know

  • 3 fireplaces
  • Finished basement (1,989 sqft)
  • 3-car garage
  • Windpointe subdivision

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

Attic AccessBreakfast BarBuilt-in FeaturesHigh CeilingsTray Ceiling(s)Kitchen IslandEntrance FoyerHardwood FloorsPantryWet Bar

Upcoming open house:

  • Saturday, Jun 20 · 1–3PM

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

TAX ASSESSMENT

County assessed values for current year

Total Assessed Value

$1,067,000

Land Value

$195,600

Land$195,600

18% of total

Improvement Value

$871,400

Improvements$871,400

82% of total

Annual tax · 2025
$8,726
Exemption
Homestead

Rough monthly:

Monthly payment

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.

Price history

  1. Listedat $1,300,000

    Jun 19, 2026

Windpointe · activity

past 6 months

Sold
5
Median price
$1,302,000
Median DOM
7 days

A few similar homes that recently sold nearby:

Recent comparable sales

Same zip · similar size

  • 5212 Carrington Circle

    $1,100,000

    5212 Carrington Circle

    4bd · 4ba · 5,841 sqft

    Sold Jun 2026

  • 4207 E Main Street

    $2,450,000

    4207 E Main Street

    5bd · 6ba · 7,394 sqft

    Sold Jun 2026

  • 15606 Hawks Way

    $1,085,850

    15606 Hawks Way

    4bd · 6ba · 5,186 sqft

    Sold Jun 2026

  • 3083 Jason Street

    $1,335,000

    3083 Jason Street

    5bd · 6ba · 7,181 sqft

    Sold Jun 2026

  • 3172 Smokey Ridge Lane

    $1,100,000

    3172 Smokey Ridge Lane

    5bd · 6ba · 7,621 sqft

    Sold Jun 2026

Comparative value

5 comps in this range

This home is 18% above median for similar nearby sales.

$1.1M$2.5MMedian $1.1M
$1.3M

A few places to dig deeper:

Windpointe Carmel Clay Schools

MLS# 22108252

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