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$1,950,000
New Listing

7338 Oakbay Drive
Noblesville, IN 46062

For Sale|Single Family Residence|Active
5
Beds
5
Total Baths
4
Full Baths
1
Partial Bath
5,824
SqFt
$335
/SqFt
1995
Built
Subdivision:
Oakbay
County:
Hamilton
Listing courtesy of Carpenter, REALTORS® (317) 538-2479
Call Now: 317-590-4074
Is this the listing for you? We can help make it yours.
317-590-4074
7338 Oakbay Drive7338 Oakbay Drive7338 Oakbay Drive7338 Oakbay Drive
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Mortgage Calculator

Monthly Payment (Est.)

$8,897
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

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. Exceptional lake living.

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Listing Snapshot
Price 
$1,950,000
Days On Site 
0 Days
Bedrooms 
5
Inside Area (SqFt) 
5,824 sqft
Total Baths 
5
Full Baths 
4
Partial Baths 
1
Lot Size 
0.3 Acres
Year Built 
1995
MLS® Number 
22126529
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
$13.75 monthly
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
12 hours agoListing first seen on site
12 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.3
Foundation 
Concrete Perimeter
Garage 
Yes
Garage Spaces 
3
Levels 
Two
Parking 
Attached
Property Sub Type 
Single Family Residence
SqFt Below 
2040
SqFt Total 
5824
Style 
Traditional
Utilities 
Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Water Source 
Public
Interior Features
Appliances 
Electric CooktopDishwasherDryerDisposalMicrowaveOvenDouble OvenRefrigeratorBar FridgeTankless Water Heater
Basement 
Sump PumpDaylightExterior EntryFinishedInterior EntryStorage SpaceWalk-Out Access
Cooling 
Central AirDual
Electric 
200+ Amp Service
Fireplace 
Yes
Fireplace Features 
BasementBedroomFamily Room
Fireplaces 
3
Heating 
ZonedForced AirNatural Gas
Interior 
Breakfast BarVaulted Ceiling(s)Kitchen IslandEntrance FoyerEat-in KitchenWired for DataPantrySmart ThermostatSaunaWalk-In Closet(s)
Laundry Features 
Main LevelSink
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Exterior Features
Construction Details 
BrickCement Siding
Lot Features 
Waterfront
Patio And Porch 
Deck
View 
Lake
Waterfront 
Yes
Waterfront Features 
Lake PrivilegesLake FrontSeawallWaterfront
Waterview 
Lake
Community Features
Association Amenities 
MaintenanceManagement
Association Fee 
$165.0
Association Fee Frequency 
Annually
MLS Area 
2914 - Hamilton - Noblesville
School District 
Noblesville Schools
Township 
Noblesville
Horse Property 
None
Schools
School District
Noblesville Schools
Elementary School
Hinkle Creek Elementary School
Middle School
Noblesville West Middle School
High School
Noblesville High School
Listing courtesy of Carpenter, REALTORS® (317) 538-2479



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 2026-09-18 04:48 AM 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 © 2026 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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