5508 Floating Leaf Dr, Indianapolis, IN 46237
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Property image
OFF MARKET

5508 Floating Leaf Dr
Indianapolis, IN 46237

Galludet
  • 3 Beds
  • 2.5 Baths
  • 2,034 sqft

$263,200

Trulia Estimate
as of Aug 19, 2026
Est. Refi. Payment $1,638/mo*
Refinance Your Home

$263,200

Trulia Estimate
as of Aug 19, 2026
Est. Refi. Payment $1,638/mo*
Refinance Your Home
3 Beds
2.5 Baths
2,034 sqft

Home Value

Trulia Estimate
$263K
Since last month
Decreased$600 (-0.2%)
Since last year
Decreased$400 (-0.2%)
Since last sale
Increased$129K (+96.9%)
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 +87% in the last 10 years
MonthEstimated value
2026
August 2026$263K
July 2026$263K
June 2026$264K
May 2026$265K
April 2026$263K
March 2026$262K
February 2026$260K
January 2026$257K
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
5648 Grassy Bank Dr, Indianapolis, IN
0.16
Single-Family Home
$263,000
03/13/26
3
2.5
2,034
5557 Floating Leaf Dr, Indianapolis, IN
0.09
Single-Family Home
$280,000
02/02/26
3
2.5
2,353
5426 Skipping Stone Dr, Indianapolis, IN
0.10
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
5804 Grassy Bank Dr, Indianapolis, IN
0.29
Single-Family Home
$238,000
11/18/25
3
2.5
1,829
5724 Grassy Bank Dr, Indianapolis, IN
0.23
Single-Family Home
$295,000
06/04/26
3
2.5
2,374
5522 Grassy Bank Dr, Indianapolis, IN
0.05
Single-Family Home
$325,000
08/20/25
4
2.5
2,961
6816 Minnow Dr, Indianapolis, IN
0.25
Single-Family Home
$275,000
04/27/26
3
2
1,770
5610 Woodland Trace Blvd, Indianapolis, IN
0.31
Single-Family Home
$280,000
05/01/26
3
2.5
2,035
5322 Lily Pad Ln, Indianapolis, IN
0.17
Single-Family Home
$335,900
08/29/25
4
2.5
2,752

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
5502 Floating Leaf Dr, Indianapolis, IN 46237
0.01
$305,000
4
2.5
2,396
For Sale
5522 Grassy Bank Dr, Indianapolis, IN 46237
0.05
$327,900
4
2.5
2,961
Off Market
5534 Grassy Bank Dr, Indianapolis, IN 46237
0.05
$305,700
4
2.5
2,602
Off Market
5546 Grassy Bank Dr, Indianapolis, IN 46237
0.06
$262,500
3
2
1,632
Off Market
5521 Grassy Bank Dr, Indianapolis, IN 46237
0.08
$288,000
3
2
1,918
Off Market
5511 Skipping Stone Dr, Indianapolis, IN 46237
0.06
$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
0.08
$282,800
4
2.5
2,034
Off Market
5557 Floating Leaf Dr, Indianapolis, IN 46237
0.09
$280,000
3
2.5
2,353
Recently Sold
5447 Grassy Bank Dr, Indianapolis, IN 46237
0.11
$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
0.08
$348,500
4
2.5
3,454
Off Market

Local Information

  • Map ViewExplore the area around 5508 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
2,034 sqft
Price/Sqft
$129
Parking
Garage

About this House

WELL MAINTAINED HOME ON PREMIUM LAKEFRONT LOT! FULLY FENCED REAR YARD AND LUSH LANDSCAPED LAWN. THIS 2 STORY HOME HAS A LARGE LOFT THAT CAN BE GAME ROOM OR OFFICE. OPEN FLOOR PLAN THAT IS LARGE AND SPACIOUS FOR YOUR ENJOYMENT AND FOR ENTERTAINING. BATHS ARE TILED AND LAUNDRY ROOM IS UPSTAIRS FOR EASY CONVENIENCE. FINISHED 2 CAR GARAGE THAT IS INSULATED & HAS NEW GARAGE DOOR, PULL DOWN ATTIC STAIRS & ATTIC STORAGE SPACE TOO. LARGE TREATED DECK W/BUMP OUT AREA! LOVELY HOME IN MOVE IN CONDITION.
5508 Floating Leaf Dr, Indianapolis, IN 46237 is a 3 bedroom, 3 bathroom, 2,034 sqft single-family home in Galludet, built in 2003. It last sold for $133,500 on Mar 4, 2016. More recently, it was listed as a rental in April 2024 with an asking price of $2,200 per month. That rental listing was removed on May 9, 2024. It is currently off market. The Trulia Estimate is $263,200, with a rent estimate of $2,003/month.

Home Details for 5508 Floating Leaf Dr

Interior Features

Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2Floors: Tile
Interior Details
AtticNumber of Rooms: 8Types of Rooms: Dining Room, Family Room, Laundry Room, Office, PantryCeiling Fan
Appliances & Utilities
Cable ReadyDishwasherDisposalDryerMicrowaveRefrigeratorWasher
Fireplace & Spa
Fireplace
Security
Security System

Exterior Features

Exterior Home Features
Roof: OtherDeckExterior: Other
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: 6621 sqft

Price and Tax history

DateEventPrice
May 9, 2024
Source: Zillow Rentals
ListingRemoved
May 4, 2024
Source: Zillow Rentals
PriceChange
$2,105
Price decreased by 2%
Apr 24, 2024
Source: Zillow Rentals
PriceChange
$2,150
Price decreased by 2%
Apr 3, 2024
Source: Zillow Rentals
Listed For Rent
$2,200
Mar 4, 2016
Source: N/A
Sold
$133,500

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

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
    Flag
  • 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

LGBTQ Local Legal Protections

Frequently asked questions about 5508 Floating Leaf Dr

  • What is 5508 Floating Leaf Dr estimated to be worth?
    Trulia's estimated value for 5508 Floating Leaf Dr in Indianapolis, IN is $263,200.
  • What is the price history for 5508 Floating Leaf Dr?
    5508 Floating Leaf Dr in Indianapolis, IN last sold for $133,500 in March 2016.
  • 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 5508 Floating Leaf Dr have air conditioning?
    Yes, 5508 Floating Leaf Dr in Indianapolis, IN has air conditioning.
  • Does 5508 Floating Leaf Dr have laundry facilities?
    Yes, 5508 Floating Leaf Dr in Indianapolis, IN has in-unit laundry.

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