One of my favorite things about Lawrence Township and why I live here is the beautiful landscaping with winding roads (i.e. Fall Creek), mature neighborhoods (i.e. Feather Cove and The Moorings) and custom homes (very few cookie cutter neighborhoods).
Feather Cove is one of my favorite Indianapolis neighborhoods because the drive down Courageous showcases all of the above. The landscape is just beautiful. Add to that that many of the homes for sale in Feather Cove are on Geist Reservoir.
Feather Cove is a very large neighborhood, there are over 575 homes ranging from $200,000 to $1,800,000. On average, 75 of the 575 homes have waterfront views.
Most of the homes in Feather Cove were built in the mid to late 80's with the majority in 1988. One of my favorite builders in all of Indy, Dan Elliott owns his home in Feather Cove. He became my favorite builder when every house I would see in Indy that I fell in love with was built by him!
Currently there are 24 active homes in Feather Cove with seven of those boasting waterfront. Three of those are distressed properties; I don't think there is currently a neighborhood that doesn't have a few of these.
In 2009, there were 17 homes that sold with an average days on market of 105. Of the 17 that sold, 4 were on the water and three were distressed. This means the absorption rate for Feather Cove is currently running over one year. We have more homes for sale in this Geist area than sold in all of 2009.
If the home is on the water, you can expect to pay upwards of $200 a square foot for the home; if it is not, they are usually in the $125/sq ft range. All of the homes are custom built.
While this is a new blog and Feather Cove is my first neighborhood, I hope you will stop back often. I have been writing the Fishers Blog for over two years and the Carmel blog for just over a year. Having lived in Lawrence Township since 1990; I am excited to begin to write about all of the neighborhoods and specifically all of the waterfront homes in the Indianapolis area.
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Read other Northside Blogs (Fishers, Carmel, Noblesville)
Cindy "in Indy" Marchant - Geist Real Estate Agent
Keller Williams Realty Indy Metro NE
Geist IN Real Estate Website
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