Offering a rare opportunity in the desirable Windermere Heights neighborhood of Indianapolis, Indiana, this spacious two-story Cape Cod home features 5 bedrooms, 3 full bathrooms, and approximately 3,533 square feet of living space on a beautiful 1.39-acre property. Built in 1956, the residence combines classic architectural character, generous room dimensions, mature landscaping, and an exceptional amount of outdoor space in an established Washington Township location.
The property is being offered through an estate auction, with bidding scheduled to begin at $200,000 on Saturday, November 21, 2026, at 10:00 a.m. The home is being sold as-is, providing an opportunity for buyers, investors, and renovation-minded purchasers to evaluate its potential and create a property that reflects their own vision.
Inside, the home offers a spacious layout with multiple living and gathering areas. The main living room features a fireplace and provides a comfortable setting for relaxing or entertaining. Its traditional design and generous dimensions create a foundation for a variety of interior styles, whether the next owner prefers to preserve the home’s original character or undertake a more extensive renovation.
A formal dining room offers a dedicated space for family meals and special occasions. The main level also includes a breakfast room, providing a more casual dining option near the kitchen. Together, these spaces offer flexibility for everyday living and larger gatherings.
The kitchen measures approximately 13 by 9 feet and is positioned conveniently within the main-level layout. The home includes a refrigerator, while buyers can explore opportunities to update the kitchen and adapt it to their preferred design and functionality.
Five bedrooms provide substantial accommodation across two levels. Two bedrooms are located on the main floor, while three additional bedrooms are upstairs. The primary bedroom measures approximately 22 by 14 feet, offering generous dimensions and room for a comfortable bedroom arrangement. The remaining bedrooms can accommodate family members, guests, home offices, or other uses.
All three bathrooms are full bathrooms, with one on the main level and two upstairs. This arrangement provides convenience for a larger household and offers flexibility across the home’s two floors.
One of the property’s most distinctive features is its unfinished basement, which includes an indoor lap pool. This unusual feature creates an opportunity for someone interested in restoring or reimagining a private indoor swimming area. The basement also provides utility and storage space, although buyers should carefully inspect the pool, basement, mechanical systems, and overall condition before making a purchase decision.
Outside, the 1.39-acre lot is a major highlight. Mature trees and established landscaping create a park-like setting with room to enjoy the outdoors. The property offers space for gardening, outdoor recreation, landscaping projects, and additional improvements, subject to local regulations.
The home includes a screened-in porch, offering a comfortable place to enjoy the surrounding greenery while remaining protected from insects and changing weather. Parking and storage are also well accommodated, with a two-car attached garage and a separate one-car detached garage.
The property is served by natural gas forced-air heating, central air conditioning, public water, and municipal sewer. These existing features provide a starting point for buyers evaluating the home’s renovation needs and long-term possibilities.
Located in Windermere Heights within Washington Township, the property offers access to nearby shopping, restaurants, entertainment, and everyday services. The surrounding area includes Allisonville Elementary School, Eastwood Middle School, and North Central High School, according to the listing information.
Auction information: The auction is scheduled for Saturday, November 21, 2026, at 10:00 a.m., with an opening bid of $200,000. A 10% buyer’s premium will be added to the winning bid to establish the purchase price. The property is sold as-is, and the auction terms indicate no financing, inspection, or appraisal contingencies. Buyers should review the complete auction documents, arrange inspections before bidding, and confirm all deadlines and requirements with the auction company.
With 5 bedrooms, 3 full bathrooms, 3,533 square feet, a 1.39-acre setting, a screened porch, an indoor basement lap pool, and three garage spaces, this Indianapolis estate offers a distinctive combination of size, location, and renovation potential. For buyers prepared to take on a substantial project, it presents an opportunity to shape a property with features that are increasingly difficult to find together in this area.
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