In Indiana, luxury real estate unfolds like a hidden gem—unexpected yet captivating, with estates tucked among rolling farmland, wooded hills, and glittering lakefronts. The charm of the Hoosier State is reflected in grand manors near Indianapolis, elegant countryside retreats, and private compounds along the shores of Lake Wawasee. Carmel and Zionsville offer a blend of sophistication and serenity, where custom homes sit on sprawling lots with room to breathe.
Whether you’re drawn to modern architecture or classic brick elegance, Indiana offers upscale living with Midwestern warmth. Let’s take a look at the five most expensive homes currently for sale in the state.
5. Indianapolis, IN – $2,149,500
On 1.75 acres along historic Meridian Street in Indianapolis, this 5,082 square foot estate is offered at $2,149,500 and includes 4 bedrooms and 6 bathrooms. Originally built in 1917, the Italianate-style home has been fully remodeled with modern upgrades throughout. Features include a grand foyer, 33-foot great room with floor-to-ceiling windows, paneled dining room, updated kitchen with high-end appliances, solarium, and multiple outdoor terraces.
The upper level includes a newly created primary suite with a sitting room, spa-like bath, coffee bar, and walk-in closet. A remodeled 280 square foot studio apartment sits above the 3-car garage, which also serves as a screened entertaining area with access to a private in-ground pool.
Where is Indianapolis?
Indianapolis is the largest city in Indiana and serves as the state capital. It’s a hub for government, business, and sports, with major venues like Lucas Oil Stadium and the Indianapolis Motor Speedway. The downtown area features museums, a canal walk, and a grid of historic and modern buildings. Surrounding neighborhoods vary from urban districts to suburban developments, with parks and trails connecting many parts of the city.
Sunroom
Arched windows line both sides of the sunroom, letting in natural light. A white fireplace with a marble surround anchors one wall, across from a wicker sofa. A pair of armchairs face each other across a small table at the far end. Light fixtures are mounted both on tables and from the ceiling.
Kitchen
Open shelving and a mix of white tile and exposed brick define the galley kitchen. Double ovens and a commercial-style range are installed along one wall under a black hood. The center island provides workspace with a towel rack and basket storage beneath. A small desk area and breakfast nook are visible at the far end of the space.
Dining Room
Wood-paneled walls surround the dining room, paired with a traditional chandelier and arched glass doors. A long rectangular dining table is centered on a patterned area rug. A sideboard and china cabinet sit along opposite walls, displaying silver and glassware. French doors connect the space to an adjacent room.
Patio
Pillared structure supports the patio area, offering shaded seating near the home. Cushioned outdoor chairs are arranged around a glass-top coffee table. Paved walkways and flower beds edge the sitting area. A second table and chairs are placed deeper under the covered section.
Pool Area
Lounge chairs and seating areas line both sides of the rectangular in-ground pool. A concrete deck surrounds the pool, with umbrellas and small tables placed nearby. Trees and landscaping enclose the space, offering privacy and shade. Stone retaining walls and shrubs border the area on the left.
Source: Nicholas Laviolette and Sonnie Laviolette @ Compass Indiana, LLC. via Coldwell Banker Realty
4. Knox, IN – $2,395,000
Tucked within 56 acres of private, wildlife-rich land, this 6,683 square foot estate is offered at $2,395,000 and features 4 bedrooms and 6 bathrooms. Designed with sleek concrete and glass elements, the home showcases 14-foot ceilings with hand-painted sky murals and expansive windows that bring the outdoors in. An indoor pool allows for year-round swimming and adds to the home’s focus on comfort, nature, and seclusion.
Where is Knox?
Knox is a small city in northern Indiana and serves as the county seat of Starke County. It has a central downtown area with local businesses, municipal buildings, and community services. The city hosts local events and provides access to nearby parks and rural landscapes. Residential neighborhoods surround the downtown, with schools and small industries supporting the local economy.
Kitchen
Mirrored black tile and mixed flooring divide the kitchen area. Professional-grade appliances are set into the cabinetry, with stainless steel venting above. Ceiling mural continues the sky theme found throughout the house. A wraparound countertop provides preparation space with a view of the trees.
Dining Area
Dining area sits in a corner of windows with uninterrupted outdoor views. Ceiling tiles reflect the natural light flooding the space. Chairs are positioned around a glass-top table with a sculptural centerpiece. Patterned flooring helps distinguish the area from the adjoining kitchen.
Bedroom
Curved ceiling in the bedroom features a sky mural stretching above the bed. Full-height windows on two sides open up the view to the trees. A fireplace is centered beneath a coastal painting on the far wall. Modern furnishings, including a curved black chair and boxy nightstands, complete the layout.
Bathroom
Red stone and smooth surfaces define the bathroom layout. The bathtub is tucked into a glass enclosure beside a large window. Dual vanities, gold fixtures, and mirrored panels stretch along one wall. A walk-in shower sits opposite the main entrance.
Indoor Pool
Large windows run the length of the indoor pool, framing the wooded view outside. Concrete walls and a coffered ceiling with built-in lighting define the space. Ceiling fans and mounted TVs line the far wall near a casual seating area. Stainless handrails and pool equipment sit poolside.
Source: Shawn Reed @ Collins And Co. Realtors – Culver via Coldwell Banker Realty
3. South Bend, IN – $2,499,999
Once the residence of Ida Studebaker and Louis Kuhns of the Studebaker Company, this 12,120 square foot Greek Colonial Revival home in South Bend is offered at $2,499,999 and features 6 bedrooms and 6 bathrooms. Built in 1915 by architects Austin and Schambleau, the home blends preserved historic details—like a marble vestibule, sunroom with original tile, and a dining room ceiling mural by Cesare Maccari—with modern updates including a Mick De Giulio-designed kitchen equipped with LaCanche range, SubZero appliances, and custom cabinetry. The primary suite and additional baths have been remodeled, while the basement adds a gym, office, laundry, and storage.
Where is South Bend?
South Bend is a city in northern Indiana, located near the Michigan border. It’s home to the University of Notre Dame, which plays a central role in the city’s identity and economy. The downtown area includes a mix of businesses, cultural venues, and access to the St. Joseph River. South Bend has a history tied to manufacturing, with former industrial spaces now repurposed for new uses.
Living Room
Seating clusters around the fireplace in the living room, with a sofa, armchairs, and a central coffee table. French doors, artwork, and built-in shelves line the perimeter. Area rug defines the space and softens the hardwood flooring. Natural light enters from two large windows along the back wall.
Kitchen
Pendant lights hang over the island in the kitchen, surrounded by counter seating. Cabinetry wraps the walls with a mix of open shelving and glass fronts. Double ovens, gas range, and built-in refrigerator complete the cooking setup. Eating nook and prep space extend into the open floor plan.
Dining Room
Ceiling mural draws attention above the dining table, framed by a crystal chandelier. Tall display cabinets line the wall to the left, filled with fine china and glassware. Symmetrical windows and drapes bring in natural light while maintaining balance. Traditional wood furnishings and wall paneling complete the formal arrangement.
Library Lounge
Bookshelves wrap the television wall and hold an extensive book collection. Leather sectional, armchairs, and an orange accent chair create a mixed seating layout. Coffee table, reading lamps, and layered decor fill out the room. Transom windows and wall art add further character.
Bathroom
Freestanding bathtub sits near a mirrored wall and glass chandelier in the bathroom. Long vanity runs along the opposite side with two sinks and a wide countertop. Walk-in shower and storage cabinets are positioned nearby. Wood flooring and a patterned runner soften the space.
Source: Donna Cox @ Weichert Rltrs-J.Dunfee&Assoc. via Coldwell Banker Realty
2. Zionsville, IN – $3,994,000
Featured in the 2024 Home-a-Rama, this 8,033 square foot home is listed at $3,994,000 and includes 5 bedrooms and 7 bathrooms. Built by Old Town Design Group, it sits on a water-view lot in a gated equestrian community. The home features a two-story glass entry, floating staircase, skylight-lit great room with a fireplace, and a primary suite with beamed cathedral ceilings. Outdoor amenities include a tiered patio, saltwater pool with swim-up bar, retractable screen patio, and fire feature. A scullery kitchen supports the main kitchen, and the home includes custom ceiling treatments throughout.
Where is Zionsville?
Zionsville is a suburban town northwest of Indianapolis, known for its brick-paved Main Street and village-style downtown. The area features local shops, restaurants, and preserved historic buildings. Residential neighborhoods extend around the town center, with parks and trails throughout. Zionsville is part of the greater Indianapolis metro area but maintains its own school district and community events.
Living Room
Fireplace built into a tall matte wall structure anchors the living room, with a linear flame beneath a mounted TV. Sectional sofa fills the center of the space, surrounded by leather chairs and a wooden console. Skylights and a large window bring in light, overlooking the pool just beyond.
Kitchen
Island stretches across the kitchen, offering seating for four with minimalist chairs. Cabinets mix wood tones and dark finishes, while a thin backsplash runs behind the stovetop with a mounted pot filler. Sliding doors open to a covered dining area outside. Recessed lighting and layered ceiling details frame the room.
Bedroom
Arched window sits behind two modern chairs and a side table, creating a sitting area at the end of the bedroom. Upholstered headboard rests against a paneled wall with wall-mounted lighting on both sides. Wood flooring and a large patterned rug extend under the bed and bench. Vaulted ceiling with beams adds height overhead.
Bathroom
Dual sinks are set into a long vanity topped with black counters, framed by tiled walls and mirrors. Freestanding dark glass tub curves beside a stone wall with a floor-mounted faucet. Entry to a walk-in closet is visible through the open doorway. Marble-patterned flooring completes the layout.
Pool Area
Bar seating wraps around a stone counter beside a sunken swim-up area. Pool with waterfall feature sits above the bar, bordered by loungers and large umbrellas facing a golf course view. Covered patio with mounted TV and ceiling fans creates a shaded lounge space. Wide stone pavers and glass fencing define the layout.
Source: Stacey Willis @ Coldwell Banker Realty
1. Indianapolis, IN – $7,750,000
Built in 1996 on 4.6 wooded acres in the gated Alverna neighborhood, this 10,448 square foot home is offered at $7,750,000 and includes 4 bedrooms and 7 bathrooms. Designed in Mediterranean Revival style by architect J. Landfair Welty, the residence features stucco walls, a red tile roof, arched windows, and carved limestone details throughout.
Interior highlights include a 1,600 square foot great room, 1,750-bottle wine cellar, executive library, private office, game room with wet bar, and a primary suite with 18-foot ceilings. Outdoor living is centered around a landscaped courtyard and limestone fountain.
Where is Indianapolis?
Indianapolis is the capital of Indiana and a major city in the Midwest. It’s known for hosting the Indianapolis 500 and other large sporting events. The downtown area includes museums, parks, a canal walk, and a mix of historic and modern buildings. Neighborhoods around the city offer a range of residential, commercial, and cultural spaces.
Great Room
Vaulted ceiling with dark wood beams stretches across the great room, supported by arched walls and columns. Seating is arranged around a white carved fireplace at the far end. Multiple chandeliers hang from above, while arched windows line the right wall. Decorative pieces, statues, and furniture are distributed across the open layout.
Kitchen
Kitchen features a curved island with seating for four and a rounded edge supported by a carved leg. Mixed cabinetry in cream and wood tones surrounds the space, with a mosaic backsplash behind the stainless range. Books and small appliances fill open shelves. Wood floors run throughout the room.
Study
Desk with ornate carved legs anchors the center of the study, placed over a detailed rug. Bookshelves line the back wall, filled with a mix of books and personal items. Large windows to the right bring in light and offer a view of the landscaped yard. Wood paneling covers the walls from floor to ceiling.
Bedroom
Four-poster bed sits against the left wall beneath a framed figure painting. Fireplace with a sculpted mantel curves into the far corner, flanked by two arched windows dressed in gold curtains. Seating area includes upholstered chairs and a low ottoman. A large rug defines the space on the wood floor.
Bathroom
Tile surround frames a built-in soaking tub beneath wood shutters covering the windows. Glass door opens to a shower finished in circular mosaic tiles. Art and decor items are placed throughout, including sculptures and framed paintings. Earth-toned walls and flooring unify the room.
Source: Mark Zukerman @ Encore Sotheby’S International via Coldwell Banker Realty
