148 Park Lane, Carmel, IN 46032

$698,500
: 3
BD
: 1
BA
: 1,562
SqFt

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List Price: $698,500
MLS#: 22114304
Property Type: Residential
Bedrooms: 3
Bathrooms: 1
Sqft. of Residence: 1,562
Year Built: 1959
Days on Market: 10
Status: ACTIVE

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Property Description

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.

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