5501 Floating Leaf Dr, Indianapolis, IN 46237
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Property image
OFF MARKET

5501 Floating Leaf Dr
Indianapolis, IN 46237

Galludet
  • 3 Beds
  • 2.5 Baths
  • 2,602 sqft

$307,700

Trulia Estimate
as of Aug 15, 2026
Est. Refi. Payment $1,909/mo*
Refinance Your Home

$307,700

Trulia Estimate
as of Aug 15, 2026
Est. Refi. Payment $1,909/mo*
Refinance Your Home
3 Beds
2.5 Baths
2,602 sqft

Home Value

Trulia Estimate
$308K
Since last month
Decreased$2K (-0.5%)
Since last year
Increased$1K (+0.4%)
Since last sale
Increased$13K (+4.3%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +133% in the last 10 years
MonthEstimated value
2026
August 2026$308K
July 2026$307K
June 2026$310K
May 2026$310K
April 2026$308K
March 2026$306K
February 2026$305K
January 2026$303K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5557 Floating Leaf Dr, Indianapolis, IN
0.10
Single-Family Home
$280,000
02/02/26
3
2.5
2,353
5522 Grassy Bank Dr, Indianapolis, IN
0.02
Single-Family Home
$325,000
08/20/25
4
2.5
2,961
5724 Grassy Bank Dr, Indianapolis, IN
0.23
Single-Family Home
$295,000
06/04/26
3
2.5
2,374
5648 Grassy Bank Dr, Indianapolis, IN
0.17
Single-Family Home
$263,000
03/13/26
3
2.5
2,034
5322 Lily Pad Ln, Indianapolis, IN
0.18
Single-Family Home
$335,900
08/29/25
4
2.5
2,752
5426 Skipping Stone Dr, Indianapolis, IN
0.14
Single-Family Home
$214,068
06/03/26
3
2.5
2,622
5712 Grassy Bank Dr, Indianapolis, IN
0.21
Single-Family Home
$263,000
12/18/25
3
2
1,770
5334 Lily Pad Ln, Indianapolis, IN
0.15
Single-Family Home
$345,000
07/24/26
5
2.5
3,243
7129 Dublin Ln, Indianapolis, IN
0.27
Single-Family Home
$255,000
05/29/26
4
2.5
2,566
6816 Minnow Dr, Indianapolis, IN
0.27
Single-Family Home
$275,000
04/27/26
3
2
1,770

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
5522 Grassy Bank Dr, Indianapolis, IN 46237
0.02
$327,900
4
2.5
2,961
Off Market
5534 Grassy Bank Dr, Indianapolis, IN 46237
0.03
$305,700
4
2.5
2,602
Off Market
5546 Grassy Bank Dr, Indianapolis, IN 46237
0.05
$263,300
3
2
1,632
Off Market
5521 Grassy Bank Dr, Indianapolis, IN 46237
0.05
$288,000
3
2
1,918
Off Market
5511 Skipping Stone Dr, Indianapolis, IN 46237
0.09
$346,700
5
2.5
3,679
Off Market
5450 Grassy Bank Dr, Indianapolis, IN 46237
0.09
$291,100
3
2.5
2,034
Off Market
5560 Floating Leaf Dr, Indianapolis, IN 46237
0.10
$282,800
4
2.5
2,034
Off Market
5557 Floating Leaf Dr, Indianapolis, IN 46237
0.10
$280,000
3
2.5
2,353
Recently Sold
5447 Grassy Bank Dr, Indianapolis, IN 46237
0.08
$312,400
3
2.5
2,423
Off Market
5422 Floating Leaf Dr, Indianapolis, IN 46237
0.09
$361,800
4
2.5
3,721
Off Market
5427 Skipping Stone Dr, Indianapolis, IN 46237
0.11
$349,800
4
2.5
3,454
Off Market
5426 Grassy Bank Dr, Indianapolis, IN 46237
0.09
$309,200
3
2.5
2,842
Off Market

Local Information

  • Map ViewExplore the area around 5501 Floating Leaf Dr.
  • Schools2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
2003
Living Area
2,602 sqft
Price/Sqft
$118
Parking
Garage

About this House

Beautiful Move-In Ready Home In Waters Edge. Spacious & Open Floor Plan. Beautiful Laminate Floors, Living/Flex Room Opens To Family Room With Gas Fireplace. Dining Room & Kitchen With All Appliances. Main Floor Laundry With Plenty Of Pantry Space. Large Master Suite W/Sitting Area, Private Bath, Walk-In Closet. Two Additional Spacious Bedrooms Both With Walk-In Closets, Plus 24x16 Bonus Room/Loft Area And Full Bath. Fully Fenced Landscaped Backyard With Two Patio Areas. Alarm System, Fresh Interior Paint, Hardwood Floors (2019), Updated Fireplace (2019), Main Level & Front Porch Light Fixtures (2019), Washer/Dryer (2019).
5501 Floating Leaf Dr, Indianapolis, IN 46237 is a 3 bedroom, 3 bathroom, 2,602 sqft single-family home in Galludet, built in 2003. It last sold for $295,230 on Aug 9, 2023. It is currently off market. The Trulia Estimate is $307,700, with a rent estimate of $2,188/month.

Home Details for 5501 Floating Leaf Dr

Interior Features

Heating & Cooling
Heating: Forced Air, Electric, GasAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Interior Details
Number of Rooms: 10Types of Rooms: Breakfast Nook, Dining Room, Family Room, Laundry Room
Appliances & Utilities
Cable ReadyDishwasherDisposalMicrowaveRefrigerator
Fireplace & Spa
Fireplace
Levels, Entrance, & Accessibility
Floors: Carpet, Linoleum Vinyl

Exterior Features

Exterior Home Features
Roof: OtherExterior: Vinyl, Cement ConcretePatioPorch
Parking & Garage
GarageParking Spaces: 2Parking: Garage Attached

Property Information

Year Built
Year Built: 2003Year Updated: 2003
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Lot Information

Lot Area: 6534 sqft

Price and Tax history

DateEventPrice
Aug 9, 2023
Source: N/A
Sold
$295,230
May 29, 2020
Source: MIBOR as distributed by MLS GRID #21702695
Sold
$215,000
Apr 24, 2020
Source: Agent Provided
Pending
$215,000
Apr 1, 2020
Source: Agent Provided
Listed For Sale
$215,000
Sep 30, 2013
Source: MIBOR as distributed by MLS GRID #21247339
Sold
$111,500

Market trends in Indianapolis

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$251K
$10KMoM
Sale-to-List Price
99.6%
0.3%MoM
Price per sq ft
$145
$3MoM
Available listings
4043
154MoM
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Around this home

Neighborhood Overview

Galludet
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Galludet

At least 56 Trulia users voted on each feature.

  • 97 % Say car is needed

  • 91 % Say yards are well-kept

  • 89 % Say parking is easy

  • 89 % Say it's dog friendly

  • 87 % Say there are sidewalks

  • 84 % Say kids play outside

  • 75 % Say people would walk alone at night

  • 74 % Say there's holiday spirit

  • 65 % Say it's quiet

  • 65 % Say streets are well-lit

  • 58 % Say neighbors are friendly

  • 52 % Say there's wildlife

  • 49 % Say they plan to stay for at least 5 years

  • 36 % Say there are community events

  • 29 % Say it's walkable to restaurants

  • 12 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Debi Woodmansee
    "There is a Dog park a few blocks away from the neighborhood. Fenced in yards allowed, sidewalks to take your dogs on a walk safely. "
    0
    Flag
  • Debi Woodmansee
    "I live a few minutes drive to local dining options and grocery stores, hospitals and the library. 13 minutes to my work. "
    0
    Flag
  • Debi Woodmansee
    "Food trucks, pool, playgrounds, fishing ponds, close to stores, eateries, library, gymnastics, great schools."
    0
    Flag
  • Trulia User
    "There are lots of children and they are good wholesome children. Friendly and helpful neighbors. It’s a fun, interactive neighborhood."
    0
    Flag
  • Trulia User
    "Safe and police officer and the cleanness of it and have grocery shops and shopping nearby and you are safe to walk your dog "
    0
    Flag
  • Trulia User
    "I have lived here for 3 years and I have always felt safe for my family and friend and the neighbors keep to they selves and police officers reside in the neighborhood also so extra safe"
    0
    Flag
  • Trulia User
    "Fantastic area to raise a family only about 15 minutes away from downtown and everything you need is right down the road without feeling congested it feels very homely out here"
    0
    Flag
  • Patti T. T.
    "we recently celebrated July 4th with a huge community party. it was very nice to see so many join us and meet others in the neighborhood"
    1
    Flag
  • Patti T. T.
    "You see people walking their dogs all the time, sometimes joggers even have their dogs joggling along. People clean up after their pets also."
    1
    Flag
  • Sarah B.
    "A very quiet and friendly neighborhood, I never lock my doors and have no worries about leaving the car running while I run inside. I frequently take late night strolls alone and have NEVER been afraid. I love seeing the wild bunnies in the spring. In the afternoon, if you're outside, you can distantly hear the kids at the elementary school having recess, which I've always found sweet"
    0
    Flag
  • Monkeygirl6437
    "My neighborhood is quiet. A good mix of older and younger families. Everyone watches out for each other. Is close to everything but far enough away to feel secluded. "
    0
    Flag
  • Nicole N.
    "It’s a great place to live it’s nice and decently quiet and I love living in this neighborhood my kids and I love it "
    0
    Flag
  • Nicole N.
    "There are lots of dogs in my neighborhood and lots of dog owners. I feel like it’s a safe environment. "
    0
    Flag
  • Mcguiregroup
    "We have our own neighborhood Facebook page and everyone posts things about the neighborhood about what’s going on both good and bad. "
    0
    Flag
  • Colleen H.
    "Lots of walking trails and street lights. There is a park nearby thats pet friendly and paved streets around the neighborhood "
    0
    Flag
  • Colleen H.
    "you need a car in this area. Good schools reasonable priced houses. Near freeway and close to downtown "
    0
    Flag
  • Sam_hannah77
    "It’s inexpensive and safe. It’s friendly with a lot of kids. It has a great school system and our neighbors have always been helpful. "
    16
    Flag
  • Colleen H.
    "love my neighborhood its got a great school district and the houses are well kept houses sell quickly shops are close and the freeway is 5 mins away"
    0
    Flag
  • Sam_hannah77
    "We Live in southeast side in Franklin Township. Great schools, clean and friendly community. Our neighborhood feels very safe and it’s easy to get to downtown. "
    0
    Flag
  • amagesh
    "I have one of my friend living in this area. It is a great location, good schools, closer to shopping centers and malls. 15 minutes drive to downtown and greenwood mall. It is a great neighborhood."
    0
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  • Marcy R.
    "We love this area! We have lived here since 2008 and enjoy living close to Indy. It's easy to get anywhere with three interstates within 10 minutes (I-65, I-465, & I-74). It's a great place to live!"
    0
    Flag
  • jontattoo
    "great area for kids great schools"
    2
    Flag
  • Kristina B.
    "Perfect for families, close to shopping, groceries, and entertainment. Great Franklin Township Schools! Community Pool, play area, shelter house, & more!"
    0
    Flag

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Homes for sale near 5501 Floating Leaf Dr

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Off Market Homes Near 5501 Floating Leaf Dr

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Frequently asked questions about 5501 Floating Leaf Dr

  • What is 5501 Floating Leaf Dr estimated to be worth?
    Trulia's estimated value for 5501 Floating Leaf Dr in Indianapolis, IN is $307,700.
  • What is the price history for 5501 Floating Leaf Dr?
    5501 Floating Leaf Dr in Indianapolis, IN last sold for $295,230 in August 2023.
  • Is Indianapolis a buyer's or seller's market?
    Indianapolis is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Indianapolis?
    The median sale price in Indianapolis is $251K. That is up $10K from the prior month.
  • Does 5501 Floating Leaf Dr have air conditioning?
    Yes, 5501 Floating Leaf Dr in Indianapolis, IN has air conditioning.
  • Does 5501 Floating Leaf Dr have laundry facilities?
    Yes, 5501 Floating Leaf Dr in Indianapolis, IN has laundry facilities.