A Morse Reservoir-area neighborhood with a clubhouse, pool, courts, and beach rights for a mandatory annual fee of about $500. Here is what homes have actually sold for and what to confirm before you buy.
South Harbour is one of the more active neighborhoods in Noblesville. Thirty-nine homes sold here in the last 12 months, a healthy number for a single neighborhood, and the typical sale landed in the mid-$300s to mid-$400s.
Most homes that sold are 1,400 to about 2,500 square feet, with three or four bedrooms and two baths. A small group of sales at $550,000 and up sit well outside that range, so if a listing is priced in that zone, compare it to its own set of sales, not the neighborhood median.
South Harbour is one of three similarly named neighborhoods in the area (North, South, and West Harbour). In the MLS they have separate dues and amenity lists, so do not assume what you read about one applies to another.
| Closed sales, last 12 months | 39 |
| Median sale price | ~$385,000 |
| Middle half of sales | ~$360,000 to ~$470,000 |
| Full range | ~$322,500 to ~$1,675,000 |
| HOA fee (listings) | $502 per year, mandatory |
| Management company (listings) | Trent Management |
| Schools | Noblesville Schools |
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.
The bulk of South Harbour sales sit in a tight band: about 30 of the 39 closed between $322,500 and roughly $470,000, and half of all sales were between about $360,000 and $470,000. That makes it one of the more approachable price points in Noblesville for a neighborhood with this many amenities.
The nine sales at $550,000 and up ran as high as about $1.7 million. Homes in that group are a different product than the typical 1,400 to 2,500 square foot home, so they should be compared on their own. Because so many homes sell here, there is usually good recent comparison data for the typical home, and that helps both buyers and sellers price with more confidence.
Recent listings show a mandatory fee of $502 per year, paid annually, managed by Trent Management. An older listing in the same neighborhood showed $490, so dues have been climbing slowly.
For that fee, listings list a clubhouse, pool, tennis and pickleball courts, basketball court, playground, park, putting green, trails, a picnic area, a nature area, and beach rights. Pool access, beach rules, and hours are set by the association, so confirm them directly.
The association’s own FAQ gives a different, older figure of $430 per year, billed annually (due March 1, late after April 1), and labels it 2020. Use the listing amount as the more recent number and confirm the current dues with the association. The FAQ also says exterior changes, including fences and sheds, need approval from the association’s architectural committee before work starts, and that Noblesville requires its own fence permit. It does not state rental rules, so ask for the covenants in writing.
Listing disclosures in South Harbour mention rental restrictions, so if you plan to rent a home out now or later, ask for the exact rules in writing before you buy. Also ask whether there is a transfer or resale fee at closing, and request the covenants and current budget.
I have not read South Harbour's recorded covenants, so I am not summarizing its architectural or use rules here. They are available from the association and are worth reading before an offer.
I read the original South Harbour declaration, recorded in 1971 by the developer, The Shorewood Corporation.
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.
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.
Over the last 12 months (as of November 2026), 39 homes closed, with a median near $385,000. Half of sales were between about $360,000 and $470,000, and a small group sold at $550,000 and up.
Listings show $502 per year, mandatory. Confirm the current amount with the association before you offer.
Clubhouse, pool, tennis and pickleball, basketball, playground, park, putting green, trails, a nature area, and beach rights.
No. They are separate subdivisions with their own dues and amenity lists in MLS listings, even though all three list the same management company.
Comparing options? Read the other Noblesville neighborhood guides: Lochaven, Oakmont, Mill Grove, North Harbour, Pebble Brook, Sagamore, Slater, West Harbour. Or start at the Noblesville overview.
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.