Fishers Neighborhood Guide

Gray Eagle in Fishers: What It Costs, What the HOA Covers, and Who It Fits

Gray Eagle is a large golf-course community in Fishers with five MLS-recorded sections, and every sale in the past year was $550,000 or higher. Here is what the sales and the HOA look like.

The short version

Gray Eagle at a Glance

In the last 12 months, 27 homes sold in Gray Eagle in Fishers. The median sale price was $690,000, and the middle half of sales landed between about $628,000 and $764,000. Sales ran from $550,000 to $1,011,500. These are big homes, from about 3,800 to 6,100 sq ft, with a median price per square foot of about $148.

MLS splits the sales across five names: Woods At Gray Eagle (7 sales, median $800,000), Gray Eagle (6, median $710,000), Links At Gray Eagle (6, median $675,450), Bluffs At Gray Eagle (6, median $605,000) and Highlands At Gray Eagle (2, median $698,500). The Woods section is the top of the range.

Sales, past 12 months27
Median sale price$690,000
Middle half of salesAbout $628,000 to $764,000
Price range$550,000 to $1,011,500
Median price per sq ftAbout $148
Home sizesAbout 3,840 to 6,110 sq ft
Woods At Gray Eagle7 sales, median $800,000
Bluffs At Gray Eagle6 sales, median $605,000
HOA dues (per listings)About $215 to $223 per month on several listings

Data note: Sales figures are summarized from MIBOR MLS closed sales in the 12 months before November 2026 and are not a valuation of any one home. HOA details come from recent listings and can change, so confirm with the association before you buy.


Price

What Homes in Gray Eagle Actually Sold For

Gray Eagle is a premium-size-home market: no sale in the past year was under $550,000, and the median home was well over 4,000 sq ft. Per square foot, it came in around $148, lower than smaller-home neighborhoods because the homes are so large.

The Bluffs and Links sections sat at the lower end of the range, while Woods had the highest median and the one sale above $1,000,000. With 6 or 7 sales per section, compare within a section and ask for recent sales on the same street.


Amenities and HOA

What the HOA Fee Covers

What the listings show

Several listings showed monthly fees of $215 to $223. The $215 listings were managed by Kirkpatrick and included entrance and common area, insurance, irrigation, lawn care and snow removal, and one also listed trash removal and a clubhouse. A listing managed by OMNI showed $223 a month for lawn care, grounds maintenance, snow removal and trash removal.

One listing showed a different setup: $849 per year with maintenance of common areas, a nature area and tennis, and no lawn service listed. That likely reflects a different sub-association, so confirm which one applies to the address.

Ask before you offer

Amenities and rules

Listings described a pool and clubhouse, tennis, pickleball, a park and playground. Covenants and restrictions apply, and one listing referenced a planned unit development. I have not read the association documents, so ask for the covenants, the budget and any rules on exterior changes before you write an offer.


Recorded documents

What the Recorded Covenants Say

I read the Gray Eagle Master Declaration, recorded in 1998, along with the plat covenants for several sections. The sections have their own documents, so check which one your address falls under.

  • Dues. The master declaration capped the regular community assessment at $50 per month per lot in the first year, with increases of no more than 10 percent a year, cumulatively. It states that subdivision assessments may be imposed on top, so section-level dues can differ.
  • Golf. The golf course, swimming pool and related club facilities are not common areas. Owning a lot or unit does not give you any right, membership or discount there.
  • Leasing. No one may rent a home for transient or hotel purposes or for fewer than six months without board approval. Leases must cover the whole home, be in writing, run at least six months, and be subject to the declaration.
  • Fines and late payments. The section plat covenants I read allow fines of up to $50 per incident for rule violations and charge interest of one and a half percent a month on unpaid assessments.
  • Vehicles. The section plat covenants say campers, trailers, mobile homes and boats cannot be parked on a lot or driveway and must be kept in an enclosed structure.
  • Fences. Fences next to the lakes or the golf course require approval.
  • Pets. Dogs, cats and customary household pets are allowed if not kept commercially or creating a nuisance, and the board can adopt further pet rules.

This summary is from a courtesy copy of the recorded documents. Later amendments and current association rules were not reviewed, and any of these provisions may have been changed, so confirm with the association before you buy.


Fit

Who Gray Eagle Fits, and Who It Doesn't

It tends to fit if you

  • Buyers who want a large home in Fishers with lawn care and snow removal included in the dues
  • Move-up buyers who need 4,000 sq ft or more and are comparing price per square foot
  • Buyers who want golf-community amenities such as a pool, tennis and pickleball

It may not fit if you

  • Buyers under about $550,000, since no sales in the past year were below that
  • Anyone who wants very low monthly HOA costs, because the dues listed are over $200 a month

A note from Ryan: I put this guide together from MLS sales and listing data, because most neighborhood pages online are auto-generated and skip the part that matters: the real numbers and what to confirm. If I got something wrong or out of date, tell me and I will fix it.


Questions

Gray Eagle FAQ

What is the median home price in Gray Eagle, Fishers?

Over the last 12 months, 27 homes sold in Gray Eagle with a median sale price of $690,000, ranging from $550,000 to $1,011,500 (MIBOR data, November 2026).

How much are the HOA dues in Gray Eagle?

Several listings showed $215 to $223 per month, including lawn care and snow removal. One listing showed $849 per year for a different section. Confirm the association and current fee for the specific home.

What sections are in Gray Eagle?

MLS records sales under Gray Eagle, Woods At Gray Eagle, Links At Gray Eagle, Bluffs At Gray Eagle and Highlands At Gray Eagle. Prices differ by section.

Does Gray Eagle have a pool?

At least one listing described a pool and clubhouse, along with tennis and pickleball. Confirm access for the section the home is in.

Nearby

More Fishers Neighborhoods

Comparing options? Read the other Fishers neighborhood guides: Saxony, Sunblest. Or start at the Fishers overview.


Thinking About Buying or Selling in Gray Eagle?

I'm happy to talk through what your home might sell for, or what to look for in a specific house. No pressure, just straight answers.

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