Lost Run Farm - Zionsville, Indiana at 121st and Michigan Road

By: James Wells

Fantastic. - I was trying to think of how to describe this morsel of Real Estate, and this one word was the 1st thing to pop into my head. I attended a wonderful event showcasing this prestigious community this weekend.

This community is a goldmine for so many reasons, starting with it's location. Tucked away on the south side of 121st St. just west of Michigan Road, this community is 30 minutes to anywhere in Indianapolis. With a school system that boast 96% of it's students go onto higher education and shopping less than 5 minutes away, this community couldn't feel more secluded. On top of all that, you also have an amazing golf course within walking distance to the west.

Once you realize what a perfect location this is, you begin to see the beauty of the property itself. The event was sponsored by Bentley of Zionsville who had several impressive vehicles displayed and available for sale. We were given a tour of the 80 acre estate in very posh Bentley golf carts. The land is heavily wooded bordered by both Little Eagle Creek and Eagle Creek itself which combine in the southwest corner of the property.

Only 34 acres are for building use with the other 46 reserved for community use (Homeowners Association dues of $5500 a year). With lot sizes ranging from 1 to just over 3 acres, the 21 home sites are well positioned. Only 2 homes are currently completed without any others under construction, although several other home sites are spoken for leaving 13 available to choose from. Prices for the sites range from $495,000 to $995,000, with lot #1 at 3.18 acres being the million dollar spot. It's densely wooded which would require some clearing, but many options abound for this well positioned piece of nature. I noticed during the tour that the water drainage for the development utilized the natural flow of the water run-off throughout the landscape to leave the area appearing untouched.

This is a gated community with 2 ponds and over 1.5 miles of trails to view the natural wildlife. Building requirements are subject to the Architectural Review Committee, but do state minimum requirements of 4000 livable square feet above grade on ranches, and multi-story homes require at least 3000 square feet on the ground floor.

The event was hosted by Indianapolis Dine Magazine and was superb. Impeccable food and drink, along with Hot Air Balloon Rides, great company, and almost perfect weather, created a fabulous day. I did finish the day by test driving a Porsche 911 Turbo, thanks to the sponsors Bentley of Zionsville.

While the community may be exclusive based upon price range alone, anyone who is fortunate enough to enjoy this community as home, can truly be considered "rich".

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