1261 Pegasus Drive

Franklin, IN
$ 434,900 Beds 5 Baths 3 Sq 3,119 Virtual Tour
Monthly Estimate* How much can I afford?

Welcome home to this spacious 5-bedroom, 3 full bath home offering over 3,100 square feet of living space in sought-after Franklin! Situated on a scenic pond lot, this home features an ideal layout with a private main-level 5th bedroom and full bath, perfect for guests, multi-generational living, or in-law quarters. Upstairs, you'll find 4 additional bedrooms including an oversized primary suite featuring two separate walk-in closets and a private ensuite bath. Natural light fills every room, creating a bright and inviting atmosphere throughout the home. The versatile flex room at the front of the home offers endless possibilities including a home office, reading nook, playroom, or potential 6th bedroom. Enjoy peaceful pond views from the sunroom located at the back of the home - the perfect place to relax and take in morning sunrises or evening sunsets. The kitchen is designed for both everyday living and entertaining with Frigidaire appliances, abundant cabinet space, a large center island, and a walk-in pantry. Step outside to the patio area complete with a gas hookup ready for outdoor grilling and gatherings. Conveniently located near schools, shopping, dining, and everything Franklin has to offer, this home combines space, functionality, and beautiful water views all in one!

Active

  • Price
  • $ 434,900
  • City
  • Franklin
  • Bedrooms
  • 5
  • Full Bathrooms
  • 3
  • County
  • JOHNSON
  • Half Bathrooms
  • 0
  • Area
  • Franklin
  • Lot Size
  • 0.21 Acres
  • Zip
  • 46131
  • Sqr Footage
  • 3,119
  • Year Built
  • 2025
  • Taxes
  • $ 3740
  • Style
  • Traditional
  • MLS#
  • 22098798
Listed By: Chloe Means with Carpenter, REALTORS®;
Data Source: MIBOR Broker Listing Cooperative

Features

General

Heating Natural Gas,High Efficiency (90%+ AFUE )
Cooling Central Air
Possession Negotiable
Appliances Gas Cooktop,Dishwasher,Electric Water Heater,MicroHood,Double Oven,Gas Oven,Refrigerator,Water Heater,Water Purifier,Water Softener Owned
HOA Fee 275
Garage Spaces 3
Patio/Porch Features Covered,Patio
Architectural Style Traditional
Construction Materials Vinyl With Brick
Year Built 2025
View Pond
Township Franklin
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
Waterfront Features Pond
Assoc Fee Paid Per Annually
County Johnson
New Construction No
Property Type Residential
HOA Yes
Subdivision Name Bluffs At Young'S Creek
Garage Y/N Yes
Total Rooms 12
Full Baths 3
Status Active
Directions GPS Friendly
High School Franklin Community High School
City Franklin
Disclosures VA-Owned
High School District Franklin Community School Corp
MLS Area 4105 - Johnson - Franklin
Lot Size Square Feet 9100
Property Attached Y/N No
Current Financing Assumable,Conventional,FHA,VA
Middle/Junior High School Franklin Community Middle School
Standard Status Active
Tax Lot 322
Legal Description THE BLUFFS AT YOUNGS CREEK SEC 5A LOT 322

Interior Features

Interior Amenities Attic Access,Kitchen Island,Entrance Foyer,Hi-Speed Internet Availbl,In-Law Floorplan,Eat-in Kitchen,Pantry,Smart Thermostat,Supplemental Storage
Basement (Y/N) No
Total Bedrooms 5
Main Level Bedrooms 1
LivingAreaSource Assessor
Total Baths 3

Exterior Features

Parking Features Attached,Concrete
Lot Features Curbs,Sidewalks,Street Lights
Water Source Public
Foundation Details Slab
Building Area Total 3119
Lot Size Acres 0.21
Waterfront Y/N Yes
Other Equipment Smoke Alarm
Horse Amenities None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Greenwood, IN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Franklin Community Middle School
High School Franklin Community High School

Price History

5/8/2026 Listed $450,500
6/5/2026 2% - $445,000
6/19/2026 2% - $439,999
7/10/2026 2% - $434,900

Property vs Zip Code Average in 46131

Price
AVG $400K
$430K
Taxes
AVG $3,454
$3,740
Year Built
AVG 1985
2025
Visits
AVG 50
148
Data Provided by Inside Real Estate®

1261 Pegasus Drive Franklin, IN is a Single Family Home for sale at $434900 with 3119 sqft and a lot size of 0.21 Acres Acre(s). 1261 Pegasus Drive Franklin has 5 bedrooms, 3 baths and was built in 2025. The property's zip code is 46131 which is in Franklin, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.