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…