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Grayson

BUILDER INCENTIVES
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7311 Waylon Way
Indianapolis, IN 46239
Five Points
Total Views 590,079
3 - 6 Beds
2.5 - 4.5 Baths
1,957+ Sq Ft
$313K - $374K Price Range

Available Homes

Move-In Ready
Plans

Highlights

  • A- Franklin Central High School
  • Loft
  • Mud Room
  • Walk-In Pantry
  • Front Porch
  • Walk-In Closet

About Grayson

Welcome to Grayson, a community of single-family homes for sale in Franklin Township on the southeast side of Indianapolis. Grayson offers an ideal blend of comfort and community living in a brand-new, designer-appointed home. About Our New Homes for Sale in Franklin TownshipDesigned with the quality M/I Homes is known for, new homeowners will have their choice between 6 different 2-story floorplans within our Essential Series: Sawyer | 3 Bedrooms | 2.5 Bathrooms | 1,957-2,063 Square Feet Brooklyn | 3 Bedrooms | 2.5 Bathrooms | 2,128-2,245 Square Feet Aubrey | 4 Bedrooms | 2.5 Bathrooms | 2,262-2,379 Square Feet Peyton | 4 Bedrooms | 2.5 Bathrooms | 2,308-2,588 Square Feet Juliet | 4 6 Bedrooms | 2 4 Bathrooms | 2,614-2,734 Square Feet Parke | 4-6 Bedrooms | 2.5-4 Bathrooms | 2,802-2,908 Square FeetOpen-concept layouts seamlessly connect the main living spaces, including spacious kitchens and family rooms filled with natural lighting. And with a brand-new phase of homesites featuring private water views, as well as great community amenities, you're sure to fall in love with Grayson. Explore The Surrounding Area: Indianapolis and Franklin TownshipEmbrace the good life in a new home just 20 minutes away from Downtown Indianapolis. Dine out at locally loved restaurant on Mass Ave., stroll along the peaceful and scenic canal walk, and catch a game or concert at Lucas Oil Stadium. Downtown Indy offers a range of attractions and activities for everyone, and we're proud to offer new homes so close to here! But don't miss out on all the great spots just a short walk or drive away from your future home at Grayson. Within Franklin Township itself, you'll discover: Premier parks, like the 99-acre Franklin Township Community Park Indianapolis Zoo and Children s Museum Some local culinary favorites include Shakers Good Eats, New Bethel Ordinary, Red Cactus Mex Restaurant & Bar, and Milk & Honey ...

Builder

M/I Homes

Builder Incentives

  • Ready to move? Now is the time to take advantage of incredible savings and financing offers designed to make your new home a reality.
  • We deeply appreciate our hometown heroes. Your dedication and tireless service make a difference every day. While we can never fully repay your commitment, we can make homeownership easier and more affordable for you.
  • Do you love your M/I Home? Share the experience with friends and family - invite them to become your neighbors and enjoy a special "thank you" from us when they purchase.

Sales Office

Hours
Monday 12:00 PM - 6:00 PM
Tuesday - Saturday 11:00 AM - 6:00 PM
Sunday 12:00 PM - 6:00 PM
Sales Team
Sharon Huang
Michelle Rinear
Office Address
7311 Waylon Way
Indianapolis, IN 46239
Driving Directions

Move-In Ready

New construction homes available for immediate or near-term move in.

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/22
$346,990
4 Beds 2.5 Baths 2,128 Sq Ft
3923 Quinn Rd
0.04 Acres Move In 1/31/26
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/30
$332,990
3 Beds 2.5 Baths 2,128 Sq Ft
7125 Waylon Way
0.04 Acres Move In 1/3/26
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/33
$349,990
4 Beds 2.5 Baths 2,262 Sq Ft
3934 Quinn Rd
0.04 Acres Move In 1/28/26
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Updated Feb 24, 2026

Plans

Choose your lot from one of these available plans.

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/10
Sawyer Plan
Starting at $312,990
3 Beds 2.5 Baths 1,957 Sq Ft
2 Stories 2 Garages
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/11
Aubrey Plan
Starting at $320,990
4 Beds 2.5 Baths 2,262+ Sq Ft
2 Stories 2 - 3 Garages
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Updated Feb 24, 2026

Activity

Shares

115

Favorites

32

Standard Home Details

Home Type

  • Single Family Detached Home

Year Built

  • New Construction

Parking

  • 2 Garage Spaces

Interior Spaces

  • 1,957 - 2,908 Sq Ft Home
  • 2 Story
  • Mud Room
  • Formal Entry
  • Living Room
  • Open Floorplan
  • Dining Area
  • Loft
  • Flex Room

Kitchen

  • Walk-In Pantry
  • Dishwasher

Bedrooms and Bathrooms

  • 3 - 6 Bedrooms
  • Walk-In Closet
  • Powder Room

Laundry

  • Laundry Room
  • Laundry on upper level
  • Washer and Dryer

Additional Features

  • Minimum 2,128 Sq Ft Lot
  • Front Porch
  • Front Facing Garage

Community Details

Recreation

  • Community Playground
  • Park
  • Dog Park
  • Trails

Additional Features

  • No Home Owners Association

Map

Transit

Airport

Indianapolis International

35 min drive

Area Factors

Low Crime

Crime Score®

4 / 10

Somewhat Bikeable

Bike Score®®

29 / 100

Car-Dependent

Walk Score®®

2 / 100

Minimal Transit

Transit Score®®

0 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Learn How Walk Score Works

Environmental Factors

Calm

Sound Score®®

82 / 100
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this community may not be in these schools' attendance zones.

Parks in this Area

About the Builder

M/I Homes
M/I Homes has been building new homes of outstanding quality and superior design for many years. Founded in 1976 by Irving and Melvin Schottenstein, and guided by Irving’s drive to always “treat the customer right,” they’ve fulfilled the dreams of hundreds of thousands of homeowners and grown to become one of the nation’s leading homebuilders. Whole Home Building Standards. Forty years in the making, their exclusive building standards are constantly evolving, bringing the benefits of the latest in building science to every home they build. These exclusive methods of quality construction save energy and money while being environmentally responsible. Their homes are independently tested for energy efficiency and Whole Home certified. Clients get the benefits of a weather-tight, money saving, better-built home.
Learn More About M/I Homes
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New Homes Indiana Marion County Indianapolis 46239 Five Points
Grayson

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Builder
M/I Homes
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