# 5506 Salem Drive S, Carmel, IN 46033

> **TL;DR:** 5bd/5ba single family, $789,650 ($159/sqft), built 1995, 4,956 sqft.
> Spa, Fireplace, Waterfront, A/C. Est. $4,732/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $789,650 |
| Price/sqft | $159 |
| Bedrooms | 5 |
| Bathrooms | 4 full, 1 half |
| Square Feet | 4,956 |
| Year Built | 1995 |
| Lot Size | 18,731 sqft (0.43 acres) |
| Stories | 2 |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 1 |

## Why This Home Stands Out

- **Waterfront** - Direct water access

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $3,993 |
| Estimated Insurance | $230 |
| HOA | $509 |
| **Total** | **$4,732** |

## Nearby Schools

- **Elementary:** Cherry Tree Elementary School
- **Middle:** Clay Middle School
- **High:** Carmel High School

## Key Amenities

- Spa
- Fireplace
- Waterfront
- A/C

## Property Highlights

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

## Description

### Agent 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 outside 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.

## Location

- **Address:** 5506 Salem Drive S, Carmel, IN 46033
- **County:** Hamilton
- **Neighborhood:** Ashton
- **Coordinates:** 39.993756, -86.07377
- **Google Maps:** https://www.google.com/maps?q=39.993756,-86.07377

## Listing Agent

- **Name:** Stephanie Evelo
- **Brokerage:** Keller Williams Indy Metro NE
- **Phone:** (317) 564-7100

## Primary Photo

![5506 Salem Drive S - Primary Photo](http://lh.rdcpix.com/9560c9b28bcb0d0f4f0a7b374c88229el-f175366749r.jpg)

*40 total photos available on [listing page](https://www.propertysimple.ai/listing/5506-salem-drive-s-carmel-in-46033-22104104)*

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**MLS#:** 22104104 | **Updated:** 2026-08-02
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/5506-salem-drive-s-carmel-in-46033-22104104)

---

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