Property Lines

Welcome to Property Lines, Indy's source for neighborhood real estate news. Your host is Scott Olson, IBJ's real estate beat reporter. Founded by Cory Schouten.
Real Estate & Retail

Carmel mansion is history

June 6, 2007
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In the market for a 20,000-square-foot mansion with 4 bedrooms, Carmel Mansion7 full baths and 5 partial baths? Too late! The former home of Dr. Donald Perez and his wife Karen, built in 1990 along 131st Street in Carmel, is no more. Locally based Brenwick Development finished demolition this week to make way for 26 luxury homesites, including several on Hourglass Lake. The property is adjacent to the Village of West Clay. (This pre-demolition photo is from Microsoft Virtual Earth.) The Perez House and the surrounding 24-acre estate were last appraised at $3.3 million. Something tells me 26 Carmel homesites will fetch a bit more than that.
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