Three connected neighborhoods between 106th and 116th Streets in Fishers: one-level homes on the lake in Lake Stonebridge, two-story homes in Spyglass Hill, and a mix in Spyglass Falls. Here is what each sells for.
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Lake Stonebridge, Spyglass Hill and Spyglass Falls sit side by side between 106th and 116th Streets, east of Cumberland Road, in Fall Creek Township and ZIP 46037. Spyglass Hill shares part of Lake Stonebridge's lake, and Spyglass Falls connects to Spyglass Hill, so I treat the three as sister neighborhoods. A 2026 MIBOR BLC listing describes Lake Stonebridge as a low-maintenance community of 104 homes with a community dock for swimming, fishing, kayaking and paddleboarding.
Together they recorded 25 single-family closings in the last 12 months and 23 the year before, at a median of $502,500 against $452,500. Homes went under contract in a median of 7 days, and 60% closed at or above list. The combined numbers hide three different markets, so the sections below break them out.
What you are actually buying: a house usually built between 1995 and 2003 near the water, with Hamilton Southeastern schools, at two price points a few streets apart. What you are giving up: choice in Lake Stonebridge in particular, where only four or five homes sell a year.
Every search below is live MIBOR BLC data. Save one and you'll get new matches by email the morning they list.
Three neighborhoods with their own HOAs and price ranges. Sales below are the 48 closings from October 2024 through September 2026.
9 sales from $666,500 to $994,788 on Lake Stonebridge Lane, Grindstone Drive, Spice Lane, Peppermill Lane and Sunset Point Lane, built 1996 to 2004. Eight of the nine were one-level plans, two with a loft. HOA dues are $1,076 a quarter as of October 2026.
See homes →16 sales from $400,000 to $570,000 on Knightsbridge Lane, Brixton Lane, Reflection Point Drive, Deering Street and Walking Wood Lane, built 1993 to 1997. All two-story, and 15 of 16 had four bedrooms. HOA dues are $450 a year as of October 2026.
See homes →23 sales from $370,000 to $735,000 on Niagara Drive, Rainbow Falls Lane, Falling Water Way, Whitewater Way and nearby streets, mostly built 2000 to 2005. A mix: 11 were one-level plans and 12 had two levels or a half story. One Whitewater Way house sold twice. HOA dues are $450 a year as of October 2026, the same as Spyglass Hill.
See homes →Lake Stonebridge has a community dock, per a 2026 listing. Which lots face open water, a canal or no water at all varies house to house, so look at the plat and the view for the specific address, and ask which association's lake rules apply.
See homes →The free Fishers Real Estate Market Guide puts this neighborhood next to 14 others, with builders, prices, taxes, HOAs and the 12 questions people ask me most. Every number has a source.
Get the free guide →Each neighborhood is served by Hamilton Southeastern Schools. Which elementary, intermediate, junior high and high school an address feeds into can change with boundary updates, so confirm the assignment for the specific address with the district.
Hamilton Southeastern Schools put an operating referendum on the November 3, 2026 ballot: up to 36 cents per $100 of assessed value for up to eight years, capped at $47.5 million a year. Voters approved it on November 3, 2026, 58.3% to 41.7% (25,624 to 18,309, unofficial Hamilton County results). It replaces the referendum voters extended in 2023 (Indiana Department of Local Government Finance determination, June 23, 2026). Referendum rates sit outside the 1% cap, so budget for it.
116th Street runs along the north side and 106th Street to the south, with Cumberland Road to the west.
Indiana caps homestead property tax at 1% of gross assessed value under the circuit breaker, so most owner-occupants land at or near that figure before any voter-approved referendum rate, which sits outside the cap. Rentals and second homes are capped at 2% and should be modeled separately. Hamilton County's local income tax is 1.1%, unchanged in the Indiana Department of Revenue's county rate notice effective October 1, 2026. Confirm assessments with the Hamilton County Assessor.
If you want more houses to choose from in the Spyglass price range, see Windermere. For a golf-course setting and larger houses, see Hamilton Proper. For all of Fishers, see my Fishers guide.
Over the 12 months through September 2026, the median was $800,000 on 4 Lake Stonebridge sales, $490,000 on 9 Spyglass Hill sales and $467,000 on 12 Spyglass Falls sales (MIBOR BLC).
As of October 2026, $1,076 a quarter in Lake Stonebridge and $450 a year in both Spyglass Hill and Spyglass Falls. Confirm the current figure for the specific house.
Mostly. Eight of the nine Lake Stonebridge homes that sold in the last two years were one-level plans, two of them with a loft. Spyglass Hill homes are two-story, and Spyglass Falls has both.
Hamilton Southeastern Schools. Confirm the school assignment for the specific address with the district.
I'm Wes Johnston, a Realtor with Trueblood Real Estate, based in Fishers. I cover the whole Indianapolis metro, and every guide on this site is built the same way: MIBOR numbers, public sources, and the trade-offs a listing description won't mention.
My job isn't to open doors. It's to tell you what a house is actually worth, what's wrong with it, and whether it's the right move for what you're trying to do — then negotiate hard on your behalf and own the process from contract to close.
If you're two years out, that's fine. Most of my best clients started with a question, not a showing.
Fishers-based. Honest numbers, every part of the metro. Committed to your success.
About 25 homes sell here a year across the three. A saved search gets you each new listing the morning it hits the market.
Start My Lake Stonebridge & Spyglass SearchNot a national algorithm guessing from square footage. A real valuation based on what's actually selling near you, from someone who has been inside those houses.