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$698,500
3 Beds ⋅ 1 Baths
Location. Location. Location. Tucked away on the closest cul-de-sac to Midtown Carmel, this property offers an opportunity that's becoming increasingly rare. Walk just minutes to the Monon Trail, Midtown Plaza, Main Street, Anthony's Chophouse, Monterey Coastal Cuisine, Social Cantina, Sun King Brewery, boutique shopping, coffee shops, concerts, festivals, and everything that makes downtown Carmel one of Indiana's most desirable places to live. The existing home has been thoughtfully updated with an open kitchen, custom fireplace built-ins, updated finishes, a spacious backyard, and a detached garage. Enjoy it in current state, renovate it, or unlock the property's incredible redevelopment potential. An exclusive partnership with Eaton Custom Homes offers buyers the opportunity to build a luxury custom English Tudor designed specifically for this lot, with an estimated finished price of $2.5M-$3M depending on selections. The final photo is an AI-generated concept of what could be built. Builder plans are currently in progress. A preferred local lender can also provide a construction-to-permanent loan that finances the land purchase, demolition, and new construction in one convenient loan. Whether you're looking for a move-in-ready home, a premium homesite, or the chance to build a custom luxury residence in one of Carmel's most walkable locations, this is an opportunity that rarely comes available.

148 Park Lane, Carmel

Listing courtesy of eXp Realty, LLC.

$193,000
2 Beds ⋅ 1 Baths
Welcome to this newly updated condo that shines with fresh paint across walls, trim, and ceilings (July 2026) and features high-ticket peace of mind with a new water heater (2025) and a furnace and A/C system new in 2021. The balcony walls, railing and all building exterior trim freshly painted June 2026. All kitchen and laundry appliances stay. You'll find elegant touches like a sliding barn door in the second bedroom, subway tile in the bathroom, a bidet toilet, and tech-forward upgrades including a fingerprint smart lock and Wi-Fi-enabled dimmer switches. Enjoy the ultimate low-maintenance lifestyle with a low monthly fee that covers all exterior building maintenance, plus the luxury of valet trash service and a private storage closet located right on the main floor. Perfectly positioned within walking distance of the Carmel Farmers Market, Performing Arts Center, Art & Design District, and the scenic Monon Trail, this home places you in the heart of one of the nation's top-ranked cities. This is a rare opportunity to build instant equity in a premier location at a price point well below the Carmel average.

586 Hunters Drive, Carmel

Listing courtesy of F.C. Tucker Company.

$379,999
3 Beds ⋅ 1 Baths
Rare opportunities like this don't come along often! Perfectly positioned in the heart of the highly sought-after Carmel Arts & Design District, this property offers exceptional flexibility for homeowners, investors, and builders alike. Whether you're searching for a move-in-ready home, a rental investment, or the ideal location for a custom luxury residence, this property delivers outstanding potential. The existing home has been thoughtfully updated, making it ready to enjoy from day one. Recent improvements include a new roof, updated water lines, water heater, appliances, and other key upgrades that provide peace of mind while preserving future possibilities. Live comfortably now while planning for tomorrow, or generate rental income as you explore long-term options. The true value extends beyond the home itself. Situated on one of the few remaining residential lots in this highly desirable area, the property presents an exceptional opportunity to design and build a custom home surrounded by established luxury residences and ongoing redevelopment. As demand for new construction continues in this vibrant neighborhood, opportunities to secure a homesite of this caliber have become increasingly rare. Enjoy easy access to the Carmel Arts & Design District's renowned collection of local restaurants, boutiques, galleries, entertainment venues, community events, parks, and trails. The combination of walkability, convenience, and a thriving atmosphere makes this one of Central Indiana's most desirable locations. Whether your vision is creating a stunning custom residence, expanding your investment portfolio, or owning property in one of Carmel's premier neighborhoods, this versatile offering provides the location, updates, and future potential to make it an exceptional investment. Don't miss your chance to secure one of the area's last available homesites.

840 Oswego Road, Carmel

Listing courtesy of E-Rocks Real Estate.

$549,997
2 Beds ⋅ 1 Baths
What an Opportunity! Talk about location, it doesn't get better than this! Build on it, rent it, or live in it, this little gem of a home sits on one of the last lots available in the highly desirable Carmel Arts District. The current home was recently remodel and updated with new water lines, water heater, appliances, and a NEW ROOF! Making it turn key ready! But don't let your imagination stop there. This lot is also the perfect location for building the house of your dreams! This an amazing opportunity for investors, builders, or a home owner.

740 1st Avenue NE, Carmel

Listing courtesy of Knight Realty Group.

$499,000
2 Beds ⋅ 1 Baths
Over 1 acre in Carmel on a beautiful wooded corner lot. Renovate the home there or create a wonderful custom homesite close to all the great amenities of Carmel. Shopping, Trails, Golf and access to the interstate.

2109 E 99th Street, Carmel

Listing courtesy of WKRP Indy Real Estate.

$599,000
2 Beds ⋅ 1 Baths
Location, location, location! If you have been looking for a way to get into the Carmel Arts District, this is it. Located at 640 N Rangeline Rd, this 1920s property is a rare chance to put your own stamp on a home in one of the city's most walkable and vibrant areas. The house is a 2-bedroom, 1-bathroom layout with an unfinished basement. While it does need some TLC and seller is not making any repairs, it has some great original character, including a hearth room with a decorative only fireplace. One of the best perks on the property is the detached two-car garage which comes with extra storage space that is perfect for a workshop, bikes, or lawn gear-which you will definitely use since the lot is over a quarter of an acre (0.28 acres). What an awesome opportunity to customize property right near the Arts District and within the Carmel Clay School system.

640 N Rangeline Road, Carmel

Listing courtesy of F.C. Tucker Company.

$435,000
3 Beds ⋅ 1 Baths
Listing was pending, but was released due to buyer financing issues. No fault of seller. Excellent opportunity to own a home/new build lot in the hottest redevelopment area in downtown Carmel - Auman Subdivision. Walk or ride your bike to the fantastic restaurants, shopping, community events, and everything else downtown Carmel has to offer! Just steps from the new $300 million multiphase, mixed-use development: Gramercy and Marketplace. Build your dream home on this excellent build site. Lot size is 75' x 183' (.32 acre). Plenty of room for a nice size home as well as a custom back yard living space. Existing home is habitable but not updated. Home is not available for interior showings. It's 3 bedrooms and 1 bath, 960 sq ft. Home has a attached one car garage and detached three car garage. Home is built on a slab.

912 W Auman Drive, Carmel

Listing courtesy of Trueblood Real Estate.

$795,000
3 Beds ⋅ 1 Baths
Opportunities like 1836 W Main Street are seldom seen. At almost an acre this is the perfect spot to build your new home. ***NO HOA*** Generally flat topography makes this a great building site. While the existing house is still occupied, we feel it has reached a point of functional obsolescence. This is land opportunity, as the home lends little value to the parcel. All municipal utilities available at this parcel. Visit your preferred builder for more information on how you could build at 1836 W Main Street.

1836 W Main Street, Carmel

Listing courtesy of Compass Indiana, LLC.

$749,999
3 Beds ⋅ 1 Baths
Welcome to 610 N Rangeline Road, a beautifully designed residence in the heart of Carmel. This home features a warm and inviting layout with a spacious living area, a stylish kitchen, and a well-appointed bathroom. Elegant details include rich hardwood floors, fresh neutral paint, crown molding, and abundant natural light throughout. Enjoy the convenience of a private on-site parking area and a location that's just steps away from Carmel's vibrant dining, shopping, and entertainment options. Perfect for those seeking a blend of charm, comfort, and walkable city living.

610 N Rangeline Road, Carmel

Listing courtesy of Circle Real Estate.

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