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Grayson

BUILDER INCENTIVES
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Five Points Neighborhood
Total Views 780,311
3 - 6 Beds
2 - 4.5 Baths
1,509+ Sq Ft
$301K - $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

Builder Incentives

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.

$365,000
4 Beds 2.5 Baths 2,376 Sq Ft
7311 Waylon Way
Available Now
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$344,990
3 Beds 2 Baths 1,617 Sq Ft
7205 Waylon Way
Move In 6/13/26
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$359,990
4 Beds 2.5 Baths 2,614 Sq Ft
3918 Quinn Rd
Move In 6/19/26
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Updated May 27, 2026

Plans

Choose your unit from one of these available plans.

Alden Plan
Starting at $300,990
3 Beds 2 Baths 1,509 Sq Ft
1 Story 2 Garages
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Sawyer Plan
Starting at $313,990
3 Beds 2.5 Baths 1,957 Sq Ft
2 Stories 2 Garages
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Updated May 27, 2026

Activity

Shares

116

Favorites

45

Standard Home Details

Home Type

  • Single Family Detached Home

Year Built

  • New Construction

Parking

  • 2 Garage Spaces

HOA Fees

  • $64/month

Interior Spaces

  • 1,509 - 2,908 Sq Ft Home
  • 1 - 2 Stories
  • 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

Recently Sold Homes

$339,990 Sold May 20, 2026
4 Beds 2.5 Baths 2,388 Sq Ft
3926 Quinn Rd
Peyton Plan
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$332,990 Sold May 13, 2026
4 Beds 2.5 Baths 2,402 Sq Ft
3927 Quinn Rd
Peyton Plan
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$335,450 Sold May 6, 2026
4 Beds 2.5 Baths 2,394 Sq Ft
3942 Teakmill Trail
Peyton Plan
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Updated May 27, 2026

Transit

Airport

Indianapolis International

33 min drive

Area Factors

Low Crime

Crime®

4 / 10

Fairly friendly

Bikeability®

40 / 100

Somewhat friendly

Walkability®

30 / 100

Not friendly

Transit®

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.

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 began in 1976 in Columbus, Ohio, when Melvin and Irving Schottenstein founded the company. The business builds single-family homes and has expanded beyond its original market to serve numerous communities across the United States. M/I Homes also provides mortgage financing through M/I Financial and supports homebuyers with title insurance-related services. The company presents its work around quality construction, customer service, and homebuying support as core parts of its business.
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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?

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
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