This 5-bed, 6-bath, 6.3K sqft lakefront home in Admirals Bay sits in one of Indianapolis' top executive neighborhoods. Recent sales in the area for similar homes average around $970K–$1.3M, with price per sqft ranging from $150–$200. The home just sold for about $1M, right in line with comps. Given its size and custom waterfront lot, you're already in the luxury tier, but the ROI for a major flip is limited since it’s priced near market value and is well-maintained.
If you're a current owner, focus on small, high-impact cosmetic updates—think fresh paint, modern fixtures, or spruced-up landscaping—to maximize appeal, especially for buyers seeking move-in-ready luxury. If you’re thinking of a flip, the spread is tight, so large-scale renovations aren’t likely to net big returns. Instead, highlight the unique lakefront features and executive lifestyle to attract top-dollar.