About This Home

This 5-bedroom, 5-bathroom single family at 7338 Oakbay Drive in Noblesville, IN is listed for $1,859,000 ($319 per sqft). Built in 1995, the home offers 5,824 sqft of living space on a 0.30 acres lot.

Key Features

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

Property Details

2 stories
4 full, 1 half
3-car garage
1995

Amenities

FireplaceWaterfrontViewA/C
Listing Description

Best lake views on Morse! Welcome to a beautifully refreshed and meticulously maintained 5-bedroom, 4.5-bath lakefront home in the desirable Oakbay neighborhood of Noblesville. Set along a private drive with a three-car garage, this exceptional residence offers expansive water views, thoughtfully updated spaces, and an unparalleled setting for enjoying lake living.

The refreshed eat-in kitchen is designed to take full advantage of the views, featuring a breakfast bar, center island, beverage center, and abundant sightlines to the water. The heart of the home is the impressive family room with vaulted ceilings, fireplace, and a wall of windows overlooking the lake.

Upstairs, the serene primary suite continues the water-view experience with a bedroom overlooking the lake and a gas fireplace positioned between the bedroom and the beautifully updated ensuite bath. Three additional upstairs bedrooms provide convenient access to full baths, offering comfort and privacy for family and guests.

The finished lower level expands the home's living and entertaining possibilities with a fifth bedroom/office, full bath, large recreation room with fireplace, and a new custom wet bar. Walk directly from the lower level to the deck and lake, making it easy to transition from indoor entertaining to your favorite water activities.

A dedicated storage room provides an ideal place for water toys and lake equipment. Enjoy a new custom dock with two covered slips plus a dedicated jet ski dock. Whether you're heading out for a day on the water, relaxing lakeside, or entertaining friends and family, this property embraces the very best of lakefront living.

With beautifully updated interiors, exceptional water views, abundant amenities, and meticulous care throughout, this is a home designed for both everyday enjoyment and memorable gatherings. This lakefront retreat offers a rare combination of privacy, recreation, comfort, and timeless appeal. Perfect home. Perfect views.

Monthly Cost Estimate

$10,107/mo

20% down · 6.5% · 30 years

Principal$1,344
Interest$8,056
Insurance$542
HOA$165

Estimates only. Actual payments may vary.

Location

7338 Oakbay Drive

Noblesville, IN 46062

Oakbay

Features & Amenities

Interior Features

Attic AccessBreakfast BarVaulted Ceiling(s)Kitchen IslandEntrance FoyerPaddle FanHi-Speed Internet AvailblEat-in KitchenWired for DataPantrySmart ThermostatSaunaWalk-In Closet(s)

Exterior Features

Sprinkler System

Property Details

Construction

Brick Cement Siding

Views

Lake

Outdoor Features

Deck

Heating

Natural GasZonedForced Air

Cooling

Central Air

Appliances

Electric CooktopDishwasherDryerDisposalMicrowaveOvenDouble OvenRefrigeratorBar FridgeTankless Water Heater

Questions & Answers

This 5-bedroom, 5-bathroom single family at 7338 Oakbay Drive is listed at $1,859,000 ($319/sqft). The estimated monthly payment is $10,107 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $165/month.

Key features include: Built in 1995, 0.30 acre lot, 2 stories, Fireplace, Waterfront. Interior Features: Attic Access, Breakfast Bar, Vaulted Ceiling(s). Exterior Features: Sprinkler System.

This property is listed by Michael Jaensson.

MJ

Michael Jaensson

Agent at Carpenter Realtors

Listed by Carpenter Realtors · Broker phone: (800) 630-1727 · View on Broker Site · Broker website

MLS# 22126529· Source: Broker Listing Cooperative®· 41 days on PropertySimple

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

7338 Oakbay Drive, Noblesville, IN 46062

Open this listing in: