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Geist Reservoir, a popular boating and fishing destination northeast of Indianapolis, is also a popular neighborhood in Greater Indianapolis. Some of Greater Indianapolis’ larger and most impressive homes are located on the lake. The reservoir has a rather unusual history, but visitors certainly would not know today.
Germantown, Indiana, was founded in 1834 in what is now Geist Reservoir. It was actually built on the old north bank of the old Fall Creek. Residents, primarily of German heritage, from nearby Oaklandon founded the town following a disagreement over the murder of an Algonquin in Oaklandon. With just one general store, a shoemaker, a one-room schoolhouse and a mill, Germantown was very small. The town had about 20 residential properties in total.
The Start of Geist Reservoir
In the 1900s, water deficits in the Indianapolis area appeared to be impending issue. One man, Clarence Geist, a former owner of the Indianapolis Water Company, drew up plans for the creation of Geist Reservoir. The plan called for the damming of Fall Creek, which would, consequentially, flood the small town of Germantown. The obvious fate of the town did not stop the damming of Fall Creek. In 1943, the creek was dammed and began to flood the surrounding area, creating Geist Reservoir. Most of old Germantown no longer exists today. However, nearby Log Cabin Animal Hospital now occupies the oldest remaining Germantown structure.
Geist Reservoir Today
Geist Reservoir is prime real estate today, and it is popular destination for fishing and boating. There are many annual events at Geist Reservoir, including July 4th Blast on the Bridge, a fireworks show on the lake. The Indianapolis Yacht is a particularly popular venue on the reservoir. It has been in existence since 1956 and entry is only granted to members. Boating memberships, which grant access to all club facilities and provide members a boating slip, is quite pricey. Annual membership fees are $2,000 and additionally require a one-time initiation fee of $2,500. Social memberships are more affordable, but they do not provide a boating slip. Families can join the yacht club with a social membership after paying a one-time fee of $250 and an annual fee of $645.
Homes on Geist
Considering Geist is one of the more exclusive areas in Indianapolis, homes are priced rather high. Obviously, lakefront properties are the most expensive, regularly selling for at least $750,000. Homes in the Geist area generally have four different city addresses. Areas towards the dam typically have Indianapolis addresses while McCordsville addresses exist further northeast. The Fishers town limit starts at 96th Street and covers most areas north of Geist Reservoir. Some homes in the extreme northeast of Geist Reservoir are within Fortville’s town limits. Popular areas like Downtown Indianapolis, Castleton and Keystone are all easily accessible from Geist Reservoir. Interstate 69 is just a few miles west from Geist Reservoir.
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