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7338 Oakbay Drive, 
Noblesville, IN 46062

$1,950,000


5

Beds


5

Baths


5,824

Sq Ft


Single Family


Virtual Tour

Active

Listed by

Michael Jaensson

Carpenter, Realtors

317-770-1122

Last updated:

September 19, 2026, 06:41 PM

MLS#

22126529

Source:

IN MIBOR | Licensed in Indiana

About This Home

7338 Oakbay Drive

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.

Home Facts

Single Family

5 Baths

5 Bedrooms

Built in 1995

Subdivision & Development:

Oakbay

Price Summary

1,950,000

$334 per Sq. Ft.

MLS #:

22126529

Last Updated:

September 19, 2026, 06:41 PM

Added:

2 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

5

Full Bathrooms:

4

Interior

Living Area:

5,824 Sq. Ft.


Structure

Structure

Building Area:

5,824 Sq. Ft.

Year Built:

1995


Lot

Lot Size (Sq. Ft):

13,068


Finances & Disclosures

Finances

Price:

$1,950,000

Price per Sq. Ft:

$334 per Sq. Ft.

Source:IN MIBOR | Licensed in Indiana
Copyright 2026 Metropolitan Indianapolis Board of Realtors. All rights reserved. Listings courtesy of Metropolitan Indianapolis Board of Realtors as distributed by MLS GRID. Metropolitan Indianapolis Board of Realtors provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. Metropolitan Indianapolis Board of Realtors will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of Metropolitan Indianapolis Board of Realtors.
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.