$489,990
PENDING NEW CONSTRUCTION $45K PRICE DROP

Estimated payment $3,178/month

Total Views 4,472
5 Beds
3 Baths
3,252 Sq Ft
$151 Price per Sq Ft

Highlights

  • Under Construction
  • Home fronts a pond
  • 3 Car Attached Garage
  • Franklin Central High School Rated A-
  • Covered Patio or Porch
  • Walk-In Closet

About This Home

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!

Listing Agent

Jennifer Mencias

M/I Homes of Indiana, L.P. Brokerage Email: jmencias@mihomes.com License #RB24000921 Listed on: 08/20/2025

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2025 | Under Construction

Lot Details

  • 9,100 Sq Ft Lot
  • Home fronts a pond

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Fireplace With Gas Starter
  • Family Room with Fireplace
  • Attic Access Panel

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Vinyl Plank

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Laundry Room
  • Laundry on upper level

Home Security

  • Smart Thermostat
  • Fire and Smoke Detector

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting

Schools

  • Franklin Central Junior High

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • Association fees include parkplayground, walking trails
  • Association Phone (317) 253-1401
  • Sagebrook West Subdivision
  • Property managed by Ardsley
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Tax Lot 135
  • Assessor Parcel Number 491604115009031300

Home Details

Home Type

Single Family

Year Built

Built in 2025 | Under Construction

Lot Details

9,100 Sq Ft Lot

HOA Fees

$42 per month

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Other
  • Builder Name: M/I Homes
  • Property Type: Residential
  • New Construction: Yes
  • Tax Year: 2024
  • Year Built: 2025
  • Building Area Total: 3252
  • Garage Y N: Yes
  • Lot Size Acres: 0.21
  • Subdivision Name: Sagebrook West
  • Inspection Warranties: Warranty Builders
  • Transaction Type: Sale
  • Website: https://www.mihomes.com/new-homes/indiana/indianapolis-metro/indianapolis/sagebrook-west/glendale-plan/5228-dragon-tree-lane
  • Accessibility Features YN: No
  • Website: https://ardsleymgmt.com
  • Attribution Contact: jmencias@mihomes.com
  • Special Features: 4098

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Electric Water Heater, Disposal, Microwave, Gas Oven
  • Levels: Two
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: Family Room, Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Attic Access, Bath Sinks Double Main, Breakfast Bar, Kitchen Island, Pantry, Smart Thermostat, Walk-In Closet(s)
  • Living Area: 3252
  • Other Equipment: None
  • Areas Interior: Laundry in Unit
  • Eating Area: Dining Combo/Kitchen,Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1549
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 1703
  • MBR_RoomFlooring: Vinyl Plank
  • MBR_RoomFlooring: Vinyl Plank
  • MBR_RoomFlooring: Vinyl Plank
  • MBR_RoomFlooring: Vinyl Plank
  • MBR_RoomFlooring: Carpet
  • MBR_RoomFlooring: Carpet
  • MBR_RoomFlooring: Carpet
  • MBR_RoomFlooring: Carpet
  • MBR_RoomFlooring: Carpet
  • MBR_RoomFlooring: Vinyl Plank
  • MBR_RoomFlooring: Carpet

Exterior Features

  • Construction Materials: Other
  • Exterior Features: Lighting
  • Foundation Details: Slab
  • Patio And Porch Features: Covered
  • Property Condition: New Construction, Under Construction
  • Waterfront Features: Pond
  • Waterfront: Yes
  • Construction Stage: Completed

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Attached
  • Garage Parking Other: Garage Door Opener

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Laundry Features: Laundry Room, Upper Level
  • Security Features: Smoke Detector(s)
  • Water Source: Public
  • Solid Waste: No

Condo/Co-op/Association

  • Association Amenities: Park, Playground, Trail(s)
  • Association Fee: 500
  • Association Fee Frequency: Annually
  • Association Phone: 317-253-1401
  • Association YN: Yes
  • Management Company Name: Ardsley
  • H O A Disclosures: Covenants & Restrictions

Fee Information

  • Association Fee Includes: ParkPlayground, Walking Trails

Schools

  • Middle Or Junior School: Franklin Central Junior High

Lot Info

  • Lot Features: Sidewalks
  • Property Attached Yn: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 9100
  • Parcel Number: 491604115009031300
  • Acres: <1/4 Acre

Green Features

  • Smart Home Features: Thermostat - Programmable

Tax Info

  • Tax Lot: 135
  • Semi Annual Property Tax Amt: 0
  • Tax Exemption: None

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/24/2026 02/24/26 Sold $509,990 0.0% $157 / Sq Ft View Prior Sale
02/19/2026 02/19/26 Off Market $509,990 -- --
10/24/2025 10/24/25 Price Changed $509,990 -1.9% $157 / Sq Ft
10/17/2025 10/17/25 Price Changed $519,990 -1.0% $160 / Sq Ft
09/25/2025 09/25/25 Price Changed $524,990 -0.9% $161 / Sq Ft
09/11/2025 09/11/25 Price Changed $529,990 -0.9% $163 / Sq Ft
07/31/2025 07/31/25 Price Changed $534,990 -3.5% $165 / Sq Ft
07/18/2025 07/18/25 For Sale $554,560 -- $171 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22057962

MIBOR Broker Listing Cooperative®
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