About This Home

This 5-bedroom, 5-bathroom single family at 5506 Salem Drive S in Carmel, IN is listed for $789,650 ($159 per sqft). Built in 1995, the home offers 4,956 sqft of living space on a 0.43 acres lot.

Key Features

  • Built in 1995
  • 0.43 acre lot
  • 2 stories
  • Fireplace
  • Waterfront

Property Details

2 stories
4 full, 1 half
1995

Amenities

FireplaceWaterfrontSpaA/C
Listing Description

Discover this spacious home in the sought-after Carmel schools and closely located to Cherry Tree Elementary. Perfectly situated for serene pond views and convenient access to local amenities. The heart of the home is a gourmet kitchen boasting premium Wolf appliances, including a 5-burner gas range, luxurious granite countertops, a butler's pantry

, built-in bookcases, and hardwood floors, all seamlessly integrated into an open-concept layout that flows into a breakfast nook with panoramic pond vistas. Enjoy a book next to the double-sided fireplace in the kitchen while taking in the pond view.

The grand great room captivates with vaulted ceilings and a fireplace, offering a cozy ambiance that can be enjoyed from multiple vantage points, while large windows frame picturesque views of the pond. Step into the inviting three-seasons room, providing a peaceful retreat to appreciate the outdoors without exposure to the elements, or venture out

side to the patio where a hot tub awaits for ultimate relaxation, all set against the backdrop of direct pond access - perfect for feeding the ducks. The primary suite is private, located off the great room with its own deck and hot tub, plus did we mention the pond view?

Work from home? The office is private but spacious to meet your working needs. Love to entertain? Check out this basement with three separate spaces for whatever flex space you may need. The exercise room can be set up as a bedroom as well, with a full bath downstairs.

Upstairs, you will find 3 more bedrooms and 2 full baths, plus tons of storage between closet space and easy walk-in attic access. Plus, the little landing space can be utilized as a loft or reading nook. New carpet on main level and upstairs - 2026; new water heater - 2025. This property masterfully combines a variety of indoor spaces to spread out with a desirable waterfront setting, creating a truly exceptional living experience.

Monthly Cost Estimate

$4,732/mo

20% down · 6.5% · 30 years

Principal$571
Interest$3,422
Insurance$230
HOA$509

Estimates only. Actual payments may vary.

Location

5506 Salem Drive S

Carmel, IN 46033

Ashton

Features & Amenities

Interior Features

Attic AccessBath Sinks Double MainBuilt-in FeaturesHigh CeilingsTray Ceiling(s)Ceiling VaultedKitchen IslandEntrance FoyerPaddle FanHardwood FloorsHi-Speed Internet AvailblEat-in KitchenPantrySmart ThermostatSupplemental StorageWalk-In Closet(s)

Exterior Features

Sprinkler System

Property Details

Construction

Brick

Pool Features

Deck

Heating

Forced AirNatural Gas

Cooling

Central Air

Appliances

Gas CooktopDishwasherDryerDisposalGas Water HeaterMicrowaveDouble OvenRefrigeratorWasherWater Softener Owned

Questions & Answers

This 5-bedroom, 5-bathroom single family at 5506 Salem Drive S is listed at $789,650 ($159/sqft). The estimated monthly payment is $4,732 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $509/month.

Key features include: Built in 1995, 0.43 acre lot, 2 stories, Fireplace, Waterfront. Interior Features: Attic Access, Bath Sinks Double Main, Built-in Features. Exterior Features: Sprinkler System.

This property is listed by Stephanie Evelo and can be reached at (317) 564-7100.

SE

Stephanie Evelo

Agent at Keller Williams Indy Metro NE

(317) 564-7100

Listed by Keller Williams Indy Metro NE · View on Broker Site

MLS# 22104104· Source: listhub· 1 day on market

Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5506 Salem Drive S, Carmel, IN 46033

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