720 S Rangeline Rd Unit 701 Carmel, IN 46032

$4,995,000
3 beds
3 full, 1 partial
3,810 sqft
$1,311 / sqft
Condo

Property details

About 720 S Rangeline Rd Unit 701

Experience unparalleled luxury in this Miami-style penthouse in downtown Carmel. Perched as the highest residence in Carmel, it boasts stunning panoramic views extending over 13 miles. Every detail reflects custom construction and premium finishes. The great room is bathed in light with 23-foot ceilings and expansive windows, complemented by a high-end bar area. The Dolby theater features a 9-foot retractable screen, sound-absorbing panels, and automated Lutron shades. The bar includes two Azur refrigerators, an Avolon wine fridge, and multi-color accent lighting. The chef's kitchen showcases commercial-grade stainless steel appliances and a vast island seating over 25 guests. The master suite offers keypad access, a floating California king bed, a skylight, and a private outdoor area with commercial-grade heating and sound. Additional features include a breakfast bar, wine storage, a refrigerator, a steam shower, a three-person infrared sauna with chromotherapy, and a master closet with a secret passage to a large walk-in closet and safe room. Each bedroom is equipped with kitchenettes, beverage centers, microwaves, and TVs with Sonos soundbars. The guest bedroom has a Murphy bed that converts into an exercise room with a Tonal Smart Home Gym. A bunk room accommodates three teenagers or guests. The rooftop balcony spans 2,000 square feet, offering breathtaking views and features commercial-grade heating, custom furniture, a large swim spa and jacuzzi, three firepits, an outdoor kitchen with dual grills, and a dining area. Additional amenities include four deeded garage parking spots with a two-car hydraulic lift for a total of six spots, and a conditioned storage area. On-site amenities feature a community pool, gym, golf simulators, and a meeting room. Located near Carmel's vibrant restaurants, nightlife, shops, green spaces, farmer's market, Monon Trail, and the Palladium theater, with easy access to downtown Indianapolis and the airport.

Highlights

Home typeCondominium
HeatingElectric, Forced Air
StatusActive
CoolingCentral Air
Size3,810 sqft
Lot size0 Acres
Year built2010
MLS #21994608

Summary

  • MLS Number: 21994608
  • MLS Name: MIBOR
  • Office Name: eXp Realty, LLC
  • Office Email: IndyRealtorKendra@gmail.com
  • Listing Agent: Kendra Rasnake

IDX Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.

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Copyright ©2025 MIBOR REALTOR® Association. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Last updated on: 2/2/2025, 10:46:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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720 S Rangeline Rd Unit 701

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Price information

Property sales

DateEventPrice
Oct 29, 2013
Home Sold
$1,040,000

Tax history

YearAssessmentProperty Tax
2023$1,227,600$14,155
2021$1,217,400$14,019
2020$1,217,400$9,271
2019$810,600$10,636
2018$947,100$19,003
2017$936,800$20,376

History based on county public records data.

Nearby schools

7

Carmel Elementary School

Public District KG-5

0.5 mi

101 4th Ave SE

6

Mohawk Trails Elementary School

Public District KG-5

1.4 mi

4242 E 126th St

8

Woodbrook Elementary School

Public District KG-5

1.9 mi

4311 E 116th St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $75,694. Most Carmel, IN residents have annual incomes between $35k-100k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

22%
<35k
44%
35k-100k
29%
100k-200k
5%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

55%
Single, No Kids
7%
Single, with Kids
25%
Married, No Kids
13%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

11%
<11 yrs old
6%
12-17 yrs old
26%
18-34 yrs old
42%
35-64 yrs old
15%
65+ yrs old

What do the neighbors do for fun?

  • Hiking/backpackingHiking/backpacking
  • Symphony or OperaSymphony or Opera
  • PGA/LPGAPGA/LPGA

Where do the neighbors shop?

  • Nordstrom RackNordstrom Rack
  • Chico'sChico's
  • Stein MartStein Mart

Where do the neighbors go to eat?

  • ChipotleChipotle
  • Boston MarketBoston Market
  • Bonefish GrillBonefish Grill

What do the neighbors drive?

  • MazdaMazda
  • VolvoVolvo
  • LincolnLincoln

What do the neighbors listen to?

  • RockRock
  • Talk/PersonalityTalk/Personality
  • ClassicalClassical
All data provided by Home Junction and Claritas

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Frequently asked questions

Living in Carmel, IN

About 720 S Rangeline Rd Unit 701

This home is located at 720 S Rangeline Rd Unit 701 in Carmel, IN and zip code 46032. This 3,810 square foot home was built in 2010. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since August 8, 2024 and is currently priced at $4,995,000.

In January 2025, from all listings sold in Carmel, IN there were more than 19 sold above asking price, over 34 sold below and more than 14 were sold right at the asked price. In January 2025 in Carmel, IN there were 15.5% less homes for sale than in December. In January 2025, listings were on the market for 32 days. During the same period, the median list price in this real estate market was $514,663.

From Rocket Homes Real Estate and based on county public records data.

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