About This Home

This 3-bedroom, 3-bathroom single family at 516 Palmyra Drive in Indianapolis, IN is listed for $315,000 ($131 per sqft). Built in 1989, the home offers 2,407 sqft of living space on a 0.31 acres lot.

Key Features

  • Built in 1989
  • 0.31 acre lot
  • 2 stories
  • Fireplace
  • Waterfront

Property Details

2 stories
2 full, 1 half
2-car garage
1989

Amenities

FireplaceWaterfrontA/C
Listing Description

Welcome to SPRING and WATERFRONT Living!!! If that sounds good to you then welcome to 516 Palmyra Dr. located in Indianapolis! This home boasts a Brand-New HVAC system, the roof, siding, and gutters were replaced in 2022, water heater was replaced in 2019, and new beautiful Vinyl plank flooring that flows throughout much of the main level was recently installed.

This is a very spacious home that sits on a quiet cul-de-sac and backs up to a large, serene pond-offering both privacy and beautiful views. Inside, you'll find a warm and inviting layout that includes a bright living room, a formal dining room, and a spacious kitchen with an eat-in area.

The cozy family room features built-in shelving and a charming wood-burning fireplace as the focal point. Upstairs, all bedrooms are conveniently located along with the master suite and a versatile loft area-perfect for an office, playroom, or additional lounge space.

With generous living areas both upstairs and down, this home provides room to spread out, relax, and make it your own. A wonderful opportunity for any buyer seeking comfort, convenience. The home also has a fenced in backyard. Don't wait long, call your favorite agent for your private viewing!

Monthly Cost Estimate

$1,802/mo

20% down · 6.5% · 30 years

Principal$228
Interest$1,365
Insurance$92
HOA$117

Estimates only. Actual payments may vary.

Location

516 Palmyra Drive

Indianapolis, IN 46239

Property Details

Cooling

Central Air

Questions & Answers

This 3-bedroom, 3-bathroom single family at 516 Palmyra Drive is listed at $315,000 ($131/sqft). The estimated monthly payment is $1,802 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $117/month.

Key features include: Built in 1989, 0.31 acre lot, 2 stories, Fireplace, Waterfront.

This property is listed by Keeley Stalcup.

KS

Keeley Stalcup

Agent at eXp Realty LLC

Listed by eXp Realty LLC · Broker phone: 8886113912

MLS# 202548685· Source: Indiana Uplands Realtor® Association· 324 days on PropertySimple

Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

516 Palmyra Drive, Indianapolis, IN 46239

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