5557 Floating Leaf Dr, Indianapolis, IN 46237
Property image
Property image
SOLD
FEB 2, 2026

5557 Floating Leaf Dr
Indianapolis, IN 46237

Galludet
  • 3 Beds
  • 2.5 Baths
  • 2,353 sqft

$280,000

Last Sold: Feb 2, 2026
5% below list $295K
$119/sqft

$280,000

Last Sold: Feb 2, 2026
5% below list $295K
$119/sqft
3 Beds
2.5 Baths
2,353 sqft

Local Information

  • Map ViewExplore the area around 5557 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
2,353 sqft
Price/Sqft
$119/sqft
Parking
2 Car Garage
HOA
$25/Monthly

About this House

Welcome home!! This well-maintained single-family home in Franklin Township, Marion County, offers comfortable living at an exceptionally affordable price. Enjoy 2,353 square feet across both stories, plus a 2-car attached garage. Built in 2003, the property provides an excellent foundation for your new dream home. It features three large bedrooms, tons of closet storage, and two full bathrooms upstairs, along with a half bathroom on the main level. The extra-large second-floor loft expands your options for relaxation. The layout balances shared living and private retreats. Gather in the dining room, the great room with a centerpiece fireplace, or use the office/second front living room however you see fit. Imagine taking advantage of the fully fenced backyard, which provides private outdoor space on a 0.17-acre lot. The property offers a well-positioned backyard area suitable for gatherings/entertaining, gardening, or just quiet relaxation. The neighborhood has walking paths and a quaint community playground. Plus, lifestyle conveniences (grocery, gas, coffee shops, shopping, restaurants, etc) are in many cases less than 2 miles away. This beautiful home is ready for you to just move in and make it your own!!
5557 Floating Leaf Dr, Indianapolis, IN 46237 is a 3 bedroom, 3 bathroom, 2,353 sqft single-family home in Galludet, built in 2003. It last sold for $280,000 on Feb 2, 2026 (5% below the $295,000 asking price). It is currently off market. The Trulia Estimate is $281,100, with a rent estimate of $2,121/month.

Home Details for 5557 Floating Leaf Dr

Active Status

MLS Status: Sold

Interior Features

Interior Details
Number of Rooms: 9Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Loft
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 3Number of Bathrooms (full): 2Number of Bathrooms (half): 1Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 2353 Square Feet
Appliances & Utilities
Utilities: Electricity Connected, Sewer Connected, Water ConnectedAppliances: Dishwasher, Dryer, Disposal, Gas Water Heater, Microwave, Electric Oven, Refrigerator, WasherDishwasherDisposalDryerLaundry: Main LevelMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Forced Air,Natural GasHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Gas Starter, Great RoomHas a Fireplace
Gas & Electric
Has Electric on Property
Windows, Doors, Floors & Walls
Window: Wood Work Painted
Levels, Entrance, & Accessibility
Stories: 2Levels: Two
Security
Security: Smoke Detector(s)

Exterior Features

Exterior Home Features
Patio / Porch: Deck, CoveredFencing: Fenced, FullExterior: Fire PitFoundation: Slab
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Other Parking: Garage Parking Other(Keyless Entry)No CarportHas a GarageHas an Attached GarageParking Spaces: 2Parking: Attached
Farm & Range
Horse Amenities: None

Days on Market

Cumulative Days on Market: 59

Property Information

Year Built
Year Built: 2003
Property Type / Style
Property Type: ResidentialProperty Subtype: Residential, Single Family ResidenceArchitecture: Traditional
Building
Construction Materials: Brick, Vinyl SidingNot a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Condition: Updated/RemodeledParcel Number: 491502109044000300

Price & Status

Price
List Price: $295,000Price Per Sqft: $119/sqft
Status Change & Dates
Off Market Date: Fri Jan 02 2026Possession Timing: Close Of Escrow

Media

Location

Direction & Address
City: IndianapolisCommunity: Waters Edge At Cummins Farm
School Information
Jr High / Middle School: Franklin Central Junior HighHigh School District: Franklin Township Com Sch Corp

Building

Building Area
Building Area: 2353 Square Feet

HOA

HOA Fee Includes: Entrance Common, Maintenance, ParkPlayground, Management, Snow Removal, Walking TrailsHOA Phone: 317-570-4358Has an HOAHOA Fee: $147/Semi-Annually

Lot Information

Lot Area: 7405.2 sqft

Listing Info

Special Conditions: Sales Disclosure On File

Miscellaneous

Mls Number: 22071508

Additional Information

HOA Amenities: Maintenance,Park,Playground,Management,Snow Removal,Trail(s)
Last check for updates: about 3 hours ago
Listed by Katherine James, (317) 846-8800
Berkshire Hathaway Home
Bought with: Chavis Taylor, Keller Williams Indy Metro S
Source: MIBOR as distributed by MLS GRID, MLS#22071508

Price History for 5557 Floating Leaf Dr

DatePriceEventSource
02/02/2026$280,000Sold
MIBOR as distributed by MLS GRID #22071508
01/03/2026$295,000PendingMIBOR as distributed by MLS GRID #22071508
11/05/2025$295,000Listed For SaleMIBOR as distributed by MLS GRID #22071508
05/27/2022$290,000Sold
MIBOR as distributed by MLS GRID #21851696
04/27/2022$300,000PendingMIBOR as distributed by MLS GRID #21851696
04/18/2008$135,900Sold
MIBOR as distributed by MLS GRID #2808364
04/05/2008$135,900PriceChange
Agent Provided
03/05/2008$139,900Listed For SaleAgent Provided

Market trends in Indianapolis

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$243K
$9.18KMoM
Sale-to-List Price
99.2%
0.5%MoM
Price per sq ft
$143
$3MoM
Available listings
3885
69MoM
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Property Tax and Assessment

Year2025
Tax$2,588
Assessment$268,700
Home facts updated by county records

Comparable Sales for 5557 Floating Leaf Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5648 Grassy Bank Dr, Indianapolis, IN
0.09
Single-Family Home
$263,000
03/13/26
3
2.5
2,034
5724 Grassy Bank Dr, Indianapolis, IN
0.16
Single-Family Home
$295,000
06/04/26
3
2.5
2,374
5712 Grassy Bank Dr, Indianapolis, IN
0.13
Single-Family Home
$263,000
12/18/25
3
2
1,770
5610 Woodland Trace Blvd, Indianapolis, IN
0.25
Single-Family Home
$280,000
05/01/26
3
2.5
2,035
5522 Grassy Bank Dr, Indianapolis, IN
0.11
Single-Family Home
$325,000
08/20/25
4
2.5
2,961
5804 Grassy Bank Dr, Indianapolis, IN
0.21
Single-Family Home
$238,000
11/18/25
3
2.5
1,829
6615 Olive Branch Ct, Indianapolis, IN
0.19
Single-Family Home
$305,000
04/01/26
3
2.5
3,036
6816 Minnow Dr, Indianapolis, IN
0.32
Single-Family Home
$275,000
04/27/26
3
2
1,770
5817 Grassy Bank Dr, Indianapolis, IN
0.24
Single-Family Home
$333,000
04/24/26
4
2.5
2,875

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 5557 Floating Leaf Dr.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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

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Homes for sale near 5557 Floating Leaf Dr

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Off Market Homes Near 5557 Floating Leaf Dr

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Frequently asked questions about 5557 Floating Leaf Dr

  • What is 5557 Floating Leaf Dr estimated to be worth?
    Trulia's estimated value for 5557 Floating Leaf Dr in Indianapolis, IN is $281,100.
  • What is the price history for 5557 Floating Leaf Dr?
    5557 Floating Leaf Dr in Indianapolis, IN last sold for $280,000 in February 2026.
  • Is Indianapolis a buyer's or seller's market?
    Indianapolis is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Indianapolis?
    The median sale price in Indianapolis is $243K. That is up $9.18K from the prior month.
  • Does 5557 Floating Leaf Dr have air conditioning?
    Yes, 5557 Floating Leaf Dr in Indianapolis, IN has air conditioning.
  • Does 5557 Floating Leaf Dr have laundry facilities?
    Yes, 5557 Floating Leaf Dr in Indianapolis, IN has in-unit laundry.
Based on information submitted to the MLS GRID as of 2026-08-07 23:28:05 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. Some IDX listings have been excluded from this website. Click here for more information