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$329,990
NEW CONSTRUCTION AVAILABLE NOV 2026 BUILDER INCENTIVES
Verified Move-In Ready Home Verified badge confirms data from builder

3934 Teakmill Trail Indianapolis, IN 46239

Grayson

Estimated payment $2,256/month

3 Beds
2 Baths
1,615 Sq Ft
$204 Price per Sq Ft

Highlights

  • New Construction
  • Community Playground
  • Trails
  • Franklin Central High School Rated A-
  • Park
  • 1-Story Property

About This Home

Welcome to the Alden, a thoughtfully designed single-story home offering comfortable living and flexible design options across 1,509 square feet. With 3 bedrooms, 2 full bathrooms, and a 2-car garage, this plan delivers everyday convenience with the flexibility to personalize your space.
At the heart of the home, the open-concept kitchen, dining nook, and gathering room create a bright and inviting area for daily living and entertaining. The kitchen features a center island and ample workspace, with optional upgrades such as additional cabinetry or an expanded dining nook that can enhance both function and flow. The gathering room offers the option to add an electric fireplace, creating a warm and welcoming focal point.
The private owner’s suite is thoughtfully set apart from the secondary bedrooms and features a spacious bedroom with an optional tray ceiling, a walk-in closet, and a private en-suite bathroom. An optional second bowl vanity allows for added convenience in the owner’s bath. Two additional bedrooms are positioned near a full hall bathroom, making them ideal for family members, guests, or a home office.
The Alden also offers several flexible upgrades to tailor the home to your lifestyle. Bedroom three can be reimagined as a flex room, or expanded living space can be added with an optional morning room
With its open layout, private owner’s retreat, and customizable design options, the Alden makes it easy to create a home that fits the way you...

Builder Incentives

It's time to huddle up and take a second look at those new homes on your roster. Our seasonal offers allow you to move into your new home before the end of the year, just in time for the holiday season.

Mortgage Rate Buy Down

Lock in confidence for your new home. With our limited-time extended rate lock program through M/I Financial, LLC, you can enjoy added peace of mind throughout your homebuying journey.

Sales Office

Hours

Monday 12:00 PM - 6:00 PM
Tuesday - Thursday 11:00 AM - 6:00 PM
Friday Appointment Only
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

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2026 | New Construction
  • Expected Delivery November 2026

Lot Details

  • Minimum 6,729 Sq Ft Lot
  • Minimum 30 Ft Wide Lot

HOA Fees

  • $64 Monthly HOA Fees

Parking

  • 2 Car Garage

Taxes

  • No Special Tax

Interior Spaces

  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Community Details

Recreation

  • Community Playground
  • Park
  • Dog Park
  • Trails

Home Details

Home Type

Single Family

Year Built

Built in 2026 | New Construction

Lot Details

6,729 Sq Ft Lot

HOA Fees

$64 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential Spec
  • Community Features: Park, Trails, Community Playground, Dog Park
  • MLS Status: Active, Active
  • Standard Status: Active
  • Subdivision Name: Grayson
  • Directions: From the North: Take I-465 S / I-69 to Old U.S. 421 W in Indianapolis Take Exit 49 from I-465 S / I-69 Take Southeastern Ave, then turn right onto E Hanna Ave Grayson will be on your right
  • Is New Construction?: Yes
  • PlanUrl: https://www.mihomes.com/new-homes/indiana/indianapolis-metro/franklin-township/grayson/alden-plan?utm_source=Homes.com
  • PlanType: Residential
  • Community Description: 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.
  • Special Features: NewHome

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 1

Exterior Features

  • Builder Name: M/I Homes - Indianapolis

Garage/Parking

  • Garage Spaces: 2

Condo/Co-op/Association

  • HOA: True
  • Homeowner Association Monthly Fee: 64.000

Lot Info

  • Lot Size Acres: 0.154482
  • Lot Size Sq Ft: 6729.235920
  • Lot Size Width: 30.000

Community Map

Map

Other Move In Ready Homes in Grayson

  • 3929 Teakmill Trail

    $357,000

    • 4 Beds
    • 2.5 Baths
    • 2,264 Sq Ft
    3929 Teakmill Trail
    • 6,729 Sq Ft
    • Move in 1/8/27
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  • 7118 Asher Way

    $374,990

    • 4 Beds
    • 2.5 Baths
    • 2,614 Sq Ft
    7118 Asher Way
    • 6,729 Sq Ft
    • Move in 12/9/26
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  • 3921 Teakmill Trail

    $344,990

    • 4 Beds
    • 2.5 Baths
    • 2,622 Sq Ft
    3921 Teakmill Trail
    • 7,018 Sq Ft
    • Available Now
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  • 3942 Quinn Rd

    $379,990

    • 4 Beds
    • 2.5 Baths
    • 2,625 Sq Ft
    3942 Quinn Rd
    • 6,729 Sq Ft
    • Move in 12/3/26
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  • 3925 Teakmill Trail

    $379,990

    • 5 Beds
    • 2.5 Baths
    • 2,802 Sq Ft
    3925 Teakmill Trail
    • 7,519 Sq Ft
    • Move in 10/31/26
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  • 3939 Quinn Rd

    $374,990

    • 5 Beds
    • 2.5 Baths
    • 2,802 Sq Ft
    3939 Quinn Rd
    • 6,729 Sq Ft
    • Move in 12/3/26
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Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2026 09/24/26 For Sale $329,990 -- $204 / Sq Ft
Source: M/I Homes

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

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