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7400 Oakbay Drive, Noblesville, IN 46062

Here's 7400 Oakbay Drive in Noblesville, IN 46062. This listing is closed, but I can still walk you through the details.

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Photo of 7400 Oakbay Drive, Noblesville, INSold — 7400 Oakbay Drive, Noblesville, IN 460621 / 1

Quick read on the numbers:

$1,899,000

Sold
Beds

5

Baths

7

Sq ft

6,874

Built

1992

Acres

1.45

Here's what I think this home is worth:

FREE FROM SHELDON

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Key things to know

  • Sold 6.5% below list in 28 days
  • Fireplace
  • Finished basement (2,348 sqft)
  • 4-car garage
  • 1.45-acre lot

From the listing

Enjoy the awesome water views! Architecturally designed, this waterfront home is nestled in the exclusive Oakbank subdivision, situated between the Oakbay and Forest Bay neighborhoods on the picturesque west bank of the Morse Reservoir. Boasting a spacious 1.45-acre wooded lot, this property features 183 feet of shoreline, an illuminated athletic field, a sizable 40' x 35' basketball court, and is even pre-plumbed for a potential swimming pool. The 6913 sq. ft. custom built brick residence includes a 5-car garage with front and back driveways leading to each adjoining neighborhood. The home offers 5 bedrooms (4 with walk-in closets), 5 full bathrooms, and 2 half baths, with the Primary Bedroom conveniently located on the main floor. With 9' and 12' ceilings throughout the first floor, the residence also boasts custom California Closet shelving in all walk-in closets and both kitchen pantries. Grand 2 story foyer & main hallway, all doors are oak, main hallway has OAK hardwood floors! The main level features a spacious center-island Kitchen with 2 walk-in pantries, a cozy dining area, a welcoming Great Room with a fireplace that walks out to outdoor deck, a formal Dining Room, a Lau…

A few highlights from the feature list:

Interior

Attic AccessAttic StairwayBath Sinks Double MainBreakfast BarBuilt-in FeaturesHigh CeilingsTray Ceiling(s)Vaulted Ceiling(s)Kitchen IslandCentral VacuumEntrance FoyerHardwood FloorsEat-in KitchenPantrySupplemental StorageWalk-In Closet(s)Wet Bar

Exterior

Basketball Court

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

TAX ASSESSMENT

County assessed values for current year

Total Assessed Value

$1,334,900

Land Value

$525,300

Land$525,300

39% of total

Improvement Value

$809,600

Improvements$809,600

61% of total

Annual tax · 2024
$13,824
Exemption
Homestead

This home has sold:

Sold

$1,775,000

-$124,000 below list (-6.5%)

Closed
Aug 1, 2025
Listed at
$1,899,000
Sold
9 months ago
Sold in
28 days

Price history

  1. Sold$1,775,000

    Aug 1, 2025

  2. Listedat $1,899,000

    May 9, 2025

A few similar homes that recently sold nearby:

Recent comparable sales

Same zip · similar size

  • 3712 Tributary Court

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    3712 Tributary Court

    5bd · 5ba · 5,015 sqft

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    18350 Canyon Oak Drive

    4bd · 4ba · 5,106 sqft

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  • 16270 Chancellors Ridge Way

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    16270 Chancellors Ridge Way

    5bd · 6ba · 7,991 sqft

    Sold May 2026

  • 15896 N Gray Road

    $1,139,000

    15896 N Gray Road

    6bd · 6ba · 5,609 sqft

    Sold Apr 2026

  • 14795 Macduff Drive

    $980,000

    14795 Macduff Drive

    6bd · 5ba · 6,583 sqft

    Sold Apr 2026

Comparative value

5 comps in this range

This home is 56% above median for similar nearby sales.

$595K$1.7MMedian $1.1M
$1.8M

A few places to dig deeper:

Subdivision Not Available See Legal Noblesville Schools

MLS# 22037367

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