Welcome to this stunning new construction home for sale in Franklin Township! This beautiful 2-story home features 5 bedrooms-including a first-floor guest suite-3 full bathrooms, a 3-car garage, a gathering room extension, a gas fireplace, a kitchen with an island and spacious walk-in pantry, a morning room, a spacious loft, and more. This beautiful new construction home showcases exceptional attention to detail and superior design quality. The flowing open-concept layout creates a welcoming atmosphere while maintaining functional living spaces for everyday life. The home's thoughtful design balances style with practicality, offering room for both relaxation and entertainment. The upper level features the owner's bedroom, providing a private retreat away from the main living areas with its own en-suite bathroom. With 5 bedrooms in total, there's ample space for family members, guests, or home offices. The 3 well-appointed bathrooms are strategically placed throughout the home for maximum convenience. Clean lines and quality fixtures enhance the overall aesthetic while ensuring durability for years to come. The home's design incorporates today's most desired features while maintaining a timeless appeal that will endure for generations. Located in a charming neighborhood in Franklin Township, 5228 Dragon Tree Lane represents an exceptional opportunity for discerning buyers seeking quality, space, and thoughtful design!
Pending
Price cut: $4K (6/9)
$489,990
5228 Dragon Tree Ln, Indianapolis, IN 46239
5beds
3,252sqft
Residential, Single Family Residence
Built in 2025
9,147 Square Feet Lot
$-- Zestimate®
$151/sqft
$42/mo HOA
What's special
- 319 days |
- 64 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Jennifer Mencias 630-800-8371,
M/I Homes of Indiana, L.P.
Source: MIBOR as distributed by MLS GRID,MLS#: 22057962
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Upper
- Area: 270 Square Feet
- Dimensions: 15 x 18
Bedroom 2
- Level: Upper
- Area: 210 Square Feet
- Dimensions: 15 x 14
Bedroom 3
- Level: Upper
- Area: 130 Square Feet
- Dimensions: 13 x 10
Bedroom 4
- Level: Upper
- Area: 120 Square Feet
- Dimensions: 12 x 10
Bedroom 5
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12 x 10
Breakfast room
- Level: Main
- Area: 110 Square Feet
- Dimensions: 10 x 11
Family room
- Level: Main
- Area: 396 Square Feet
- Dimensions: 18 x 22
Kitchen
- Level: Main
- Area: 168 Square Feet
- Dimensions: 12 x 14
Laundry
- Level: Upper
- Area: 54 Square Feet
- Dimensions: 6 x 9
Loft
- Level: Upper
- Area: 228 Square Feet
- Dimensions: 12 x 19
Sitting room
- Level: Main
- Area: 130 Square Feet
- Dimensions: 10 x 13
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Water Heater, Disposal, Microwave, Gas Oven
- Laundry: Laundry Room, Upper Level
Features
- Attic Access, Double Vanity, Breakfast Bar, Kitchen Island, Pantry, Smart Thermostat, Walk-In Closet(s)
- Has basement: No
- Attic: Access Only
- Number of fireplaces: 1
- Fireplace features: Family Room, Gas Starter
Interior area
- Total structure area: 3,252
- Total interior livable area: 3,252 sqft
Property
Parking
- Total spaces: 3
- Parking features: Attached
- Attached garage spaces: 3
- Details: Garage Parking Other(Garage Door Opener)
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered
- Exterior features: Lighting
- On waterfront: Yes
- Waterfront features: Pond
Lot
- Size: 9,147 Square Feet
- Features: Sidewalks
Details
- Parcel number: 491604115009031300
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Residential, Single Family Residence
Materials
- Other
- Foundation: Slab
Condition
- New Construction,Under Construction
- New construction: Yes
- Year built: 2025
Details
- Builder name: M/I Homes
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Sagebrook West
HOA
- Has HOA: Yes
- Amenities included: Park, Playground, Trail(s)
- Services included: ParkPlayground, Walking Trails
- HOA fee: $500 annually
- HOA phone: 317-253-1401
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $151/sqft
- Tax assessed value: $500
- Date on market: 8/20/2025
- Cumulative days on market: 303 days
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2026 | Price change | $485,990-0.8%$149/sqft |
Source:  M/I Homes Report a problem | ||
| 6/8/2026 | Pending sale | $489,990$151/sqft |
Source:  MIBOR as distributed by MLS GRID #22057962 Report a problem | ||
| 5/7/2026 | Price change | $489,990-1%$151/sqft |
Source: MIBOR as distributed by MLS GRID #22057962 Report a problem | ||
| 5/1/2026 | Price change | $494,990-1%$152/sqft |
Source: M/I Homes Report a problem | ||
| 4/2/2026 | Price change | $499,990-2%$154/sqft |
Source: MIBOR as distributed by MLS GRID #22057962 Report a problem | ||
| 3/4/2026 | Listed for sale | $509,990$157/sqft |
Source: MIBOR as distributed by MLS GRID #22057962 Report a problem | ||
| 2/18/2026 | Pending sale | $509,990$157/sqft |
Source: MIBOR as distributed by MLS GRID #22057962 Report a problem | ||
| 10/22/2025 | Price change | $509,990-1.9%$157/sqft |
Source: MIBOR as distributed by MLS GRID #22057962 Report a problem | ||
| 10/17/2025 | Price change | $519,990-1%$160/sqft |
Source: M/I Homes Report a problem | ||
| 9/25/2025 | Price change | $524,990-0.9%$161/sqft |
Source: M/I Homes Report a problem | ||
| 9/10/2025 | Price change | $529,990-0.9%$163/sqft |
Source: MIBOR as distributed by MLS GRID #22057962 Report a problem | ||
| 7/31/2025 | Price change | $534,990-3.5%$165/sqft |
Source: M/I Homes Report a problem | ||
| 7/3/2025 | Price change | $554,560-4.6%$171/sqft |
Source: M/I Homes Report a problem | ||
| 6/12/2025 | Listed for sale | $581,560$179/sqft |
Source: M/I Homes Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $500 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: New Bethel
Nearby schools
GreatSchools rating
- NANew Bethel Elementary SchoolGrades: PK-3Distance: 0.3 mi
- 7/10Franklin Central Junior HighGrades: 7-8Distance: 1.1 mi
- 9/10Franklin Central High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- Middle: Franklin Central Junior High
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Indiana
- Marion County
- Indianapolis
- 46239
- New Bethel
- 5228 Dragon Tree Ln
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