7338 5 Points Road, Indianapolis, IN 46259

Indianapolis
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
7338 5 Points Road,Indianapolis, IN 46259
$599,000
  • 5.8 Acres
  • Lots / Land
  • Active
Listed by: ben bashal
Office: midland realty group, inc.
MLS#:22114700
Source:IN_MIBOR | Licensed in Indiana

Price summary

  • Price:$599,000

About this home

This vast property encompasses 5.8 acres located at the intersection of Shelbyville Road and Five Points Road. Has been approved to allow the construction of additional homes and approved to split into 2, 4 or 5 separate parcels (Plat maps attached) the option of a private driveway with private gate, also a tennis court or playground which you can see on attached approved plat maps. Zoning allows horse boarding on property and possible zoning request for retail. Front of the property features a recently updated three-bedroom bungalow, complemented by a sizable detached garage measuring 20x32 feet and an above-ground swimming pool wooden deck. This site presents an excellent opportunity for the development of private subdivision, with approved potential for subdividing into 5 parcels of one acre each, 4 parcels or 2 parcels. Previous plans for a small gated community are available upon request. This well-maintained multifunctional real estate asset situated at the highly sought after...

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Home facts

  • Subdivision & Development:No Subdivision
  • Listing ID #:22114700
  • Added:103 day(s) ago
  • Updated:October 31, 2026 at 08:36 PM

Structure and exterior

  • Lot area:5.8 Acres
  • Lot Features:Corner Lot, Level, Mature Trees, Not In Subdivision

Schools

  • Middle school:Franklin Central Junior High
  • Elementary school:Mary Adams Elementary School

Utilities

  • Water:Municipal Water on Site, Public Water

Finances and disclosures

  • Price:$599,000
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