1196 Pegasus Drive

Franklin, IN
$ 323,995 Beds 3 Baths 2 Sq 1,687
Monthly Estimate* How much can I afford?

Photos are of the same floor plan; finishes and features may vary. Projected for completion in early September 2026, this thoughtfully designed Arbor home in the Bluffs at Young's Creek offers a well-planned single-level layout with the peace of mind of new construction, a builder warranty, and truly turnkey living. This home features an inviting open-concept design that seamlessly connects the kitchen, dining area, and great room, creating a spacious environment ideal for everyday living and entertaining. A covered front porch and a front exterior of brick and siding add welcoming curb appeal. The primary bedroom suite provides a private retreat with an en-suite bath including a double vanity and spacious shower, while additional bedrooms offer flexibility for a home office, guest space, or hobbies. A conveniently located laundry room adds to the home's functional layout, while a rear patio extends the living space outdoors for relaxing or entertaining. The Bluffs at Young's Creek is ideally situated near Franklin's popular dining and shopping destinations, offering a peaceful setting with easy access to parks, local events, and everyday conveniences. Residents enjoy a balance of small-town charm and accessibility, creating an inviting and well-rounded community atmosphere. Learn more today!

Active

  • Price
  • $ 323,995
  • City
  • Franklin
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • JOHNSON
  • Half Bathrooms
  • 0
  • Area
  • Franklin
  • Lot Size
  • 0.2 Acres
  • Zip
  • 46131
  • Sqr Footage
  • 1,687
  • Year Built
  • 2026
  • Taxes
  • $ 3240
  • Style
  • Traditional
  • MLS#
  • 22110445
Listed By: Britanny Deal with Ridgeline Realty, LLC;
Data Source: MIBOR Broker Listing Cooperative

Features

General

Heating Forced Air,Natural Gas
Cooling Central Air
Possession Closing
Appliances Dishwasher,Electric Water Heater,Microwave,Gas Oven
HOA Fee 275
Garage Spaces 2
Association Fee Includes Entrance Common,Maintenance
Patio/Porch Features Covered,Patio
Architectural Style Traditional
Construction Materials Vinyl With Brick
Year Built 2026
Township Franklin
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Assoc Fee Paid Per Annually
County Johnson
New Construction Yes
Property Type Residential
Association Amenities Maintenance,Pond Year Round
HOA Yes
Subdivision Name Bluffs At Young'S Creek
Garage Y/N Yes
Total Rooms 6
Full Baths 2
Status Active
Directions GPS Friendly
High School Franklin Community High School
City Franklin
High School District Franklin Community School Corp
MLS Area 4105 - Johnson - Franklin
Lot Size Square Feet 8750
Elementary School Creekside Elementary School
Property Attached Y/N No
Current Financing Conventional,FHA,VA
Middle/Junior High School Franklin Community Middle School
Builder Name Arbor Homes
Standard Status Active
Tax Lot 299
Legal Description THE BLUFFS AT YOUNGS CREEK SEC 5A LOT 299

Interior Features

Interior Amenities Attic Access,Bath Sinks Double Main,Entrance Foyer,Eat-in Kitchen,Pantry,Walk-In Closet(s)
Basement (Y/N) No
Laundry Features Connections All,Laundry Room
Total Bedrooms 3
Main Level Bedrooms 3
LivingAreaSource Builder
Total Baths 2

Exterior Features

Parking Features Attached,Concrete
Water Source Public
Foundation Details Slab
Spa No
Building Area Total 1687
Lot Size Acres 0.2
Waterfront Y/N No
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 Creekside Elementary School
Middle School Franklin Community Middle School
High School Franklin Community High School

Price History

6/29/2026 Listed $323,995

Property vs Zip Code Average in 46131

Price
AVG $400K
$320K
Taxes
AVG $3,454
$3,240
Year Built
AVG 1985
2026
Visits
AVG 50
106
Data Provided by Inside Real Estate®

1196 Pegasus Drive Franklin, IN is a Single Family Home for sale at $323995 with 1687 sqft and a lot size of 0.2 Acres Acre(s). 1196 Pegasus Drive Franklin has 3 bedrooms, 2 baths and was built in 2026. 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.