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$424,900
12 Days On Site

5408 E Shae Lake Drive
Mooresville, IN 46158

For Sale|Single Family Residence|Active
3
Beds
2
Total Baths
2
Full Baths
1,713
SqFt
$248
/SqFt
2025
Built
Subdivision:
Lakeside Commons
County:
Morgan
Listing courtesy of Carpenter, REALTORS® 3172586382

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: 317-590-4074
Is this the listing for you? We can help make it yours.
317-590-4074
5408 E Shae Lake Drive5408 E Shae Lake Drive5408 E Shae Lake Drive5408 E Shae Lake Drive
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Monthly Payment (Est.)

$1,939
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Welcome to a truly unique opportunity offering the best of both worlds - Condo-Style convenience with the freedom of lot ownership! Choose from "move-in ready" spec homes for immediate possession or select your own lot and design your dream home with a trusted Custom home builder. Each home offers all-brick construction, 9' ceilings, solid 3'0 interior doors, custom cabinetry, some ADA and numerous high-end features included in the base price - no hidden upgrades! With multiple floor plans available, you're sure to find one that suits your lifestyle, whether you're looking to downsize or expand. 2-3 Bedrooms and 2-3 Car Garage plans available. This thoughtfully designed neighborhood emphasizes carefree living with a comprehensive HOA package that covers lawn care, snow removal, common area upkeep, and more. Say goodbye to weekend yard work and hello to more time enjoying the community! Commons area includes 2 Stocked Ponds, Clubhouse w/Exercise Room, Full Kitchen, Pool table/ping pong game rooms, Library/Reading room and more. Scenic sidewalks around the lakes and entire neighborhood - perfect for outdoor walks, jogs, or bike rides. Located minutes from shopping, medical facilities, dining, the airport, and major highways. Whether you're looking to move quickly or plan your perfect build, this neighborhood offers unmatched flexibility, quality, and value in Central Indiana. Homes are crafted with attention to detail and comfort. Schedule a tour today or inquire about available lots and custom home plans - your low-maintenance lifestyle awaits!

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Listing Snapshot
Price 
$424,900
Days On Site 
12 Days
Bedrooms 
3
Inside Area (SqFt) 
1,713 sqft
Total Baths 
2
Full Baths 
2
Partial Baths 
N/A
Lot Size 
0.15 Acres
Year Built 
2025
MLS® Number 
21995943
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
$200 monthly
Sq Ft Source 
Builder
Friends & Family
Recent Activity
2 weeks agoListing first seen on site
2 weeks agoListing updated with changes from the MLS®
General Features
Acres 
0.15
Foundation 
Block
Garage 
Yes
Garage Spaces 
2
Parking 
Garage Door OpenerAttachedConcreteGuest
Property Condition 
New Construction
Property Sub Type 
Single Family Residence
SqFt Total 
1713
Stories 
One
Style 
RanchTraditional
Utilities 
Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Water Source 
Public
Interior Features
Appliances 
DishwasherDisposalGas Water HeaterWater HeaterOther
Basement 
Sump Pump
Cooling 
Central Air
Electric 
200+ Amp Service
Heating 
Forced AirNatural Gas
Interior 
Breakfast BarHigh CeilingsEat-in KitchenPantryWalk-In Closet(s)
Laundry Features 
Laundry RoomMain Level
Main Level Bedrooms 
3
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Exterior Features
Construction Details 
Brick
Exterior 
Lighting
Lot Features 
Close to ClubhouseWaterfront
Patio And Porch 
Covered
View 
NeighborhoodPondWater
Waterfront 
Yes
Waterfront Features 
PondWaterfront
Waterview 
NeighborhoodPondWater
Community Features
Accessibility Features 
Accessible EntranceAccessible Doors
Association Amenities 
ClubhouseExercise CourseFitness CenterInsuranceMaintenanceSnow RemovalTrash
Association Dues 
200
HOA Fee Frequency 
Monthly
Horse Property 
None
MLS Area 
5504 - Morgan - Madison
School District 
Mooresville Con School Corp
Township 
Madison
Schools
School District
Mooresville Con School Corp
Elementary School
Unknown
Middle School
Paul Hadley Middle School
High School
Mooresville High School
Listing courtesy of Carpenter, REALTORS® 3172586382



Listings courtesy of Metropolitan Indianapolis Board of REALTORS® as distributed by MLS GRID. All information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All information is believed to be reliable but is not guaranteed and should be independently verified.

Based on information submitted to the MLS GRID as of 2025-08-27 05:03 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Copyright © 2025 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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