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Grayson

BUILDER INCENTIVES
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7311 Waylon Way
Indianapolis, IN 46239
Five Points Neighborhood
Total Views 716,048
3 - 6 Beds
2.5 - 4.5 Baths
1,957+ Sq Ft
$313K - $376K 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

Grayson in Franklin Township offers new single-family homes on the southeast side of Indianapolis, blending suburban comfort with quick access to major city attractions. Set near local parks, dining, and everyday conveniences, the community provides an easygoing lifestyle just 20 minutes from Downtown Indy.The Essential Series features a selection of two-story floorplans with open main-level living, spacious kitchens, and plenty of natural light. A new phase of homesites includes peaceful water views, adding to the neighborhood’s inviting setting.Residents can enjoy nearby recreation such as the 99-acre Franklin Township Community Park, along with popular local restaurants and family-friendly destinations. Located within Franklin Township, Grayson offers a connected, relaxed place to call home with thoughtfully designed spaces for modern living.

Builder

M/I Homes

Builder Incentives

  • For a limited time, the choice is yours. Personalize your home with a custom design package, including premium upgrades and features, completely on us. From finished basements to sun-drenched morning rooms or spa-inspired baths, you can tailor you...
  • 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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/36
$365,000
4 Beds 2.5 Baths 2,376 Sq Ft
7311 Waylon Way
Move In 6/23/25
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Updated Apr 12, 2026

Plans

Choose your unit 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 Apr 12, 2026

Activity

Shares

116

Favorites

42

Standard Home Details

Home Type

  • Single Family Detached Home

Year Built

  • New Construction

Parking

  • 2 Garage Spaces

HOA Fees

  • $64/month

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

  • Front Porch
  • Front Facing Garage

Community Details

Recreation

  • Community Playground
  • Park
  • Dog Park
  • Trails

Community Map

Map

Transit

Airport

Indianapolis International

33 min drive

Area Factors

Low Crime

Crime Score®

4 / 10

Fairly friendly

Bike Score®®

40 / 100

Somewhat friendly

Walk Score®®

30 / 100

Not friendly

Transit Score®®

0 / 100
Source: Local Logic
Sources: Local Logic

Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Learn How Local Logic 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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Frequently Asked Questions

How many homes are planned at Grayson
What are the HOA fees at Grayson?
How many floor plans are available at Grayson?
How many move-in ready homes are available at Grayson?
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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