1188 Pegasus Drive

Franklin, IN
$ 364,995 Beds 5 Baths 3 Sq 2,631
Monthly Estimate* How much can I afford?

Photos are of the same floor plan; finishes and features may vary. Projected for completion in early October 2026, this thoughtfully designed Palmetto plan by Arbor Homes in Bluffs at Young's Creek offers a spacious two-story layout with the peace of mind of new construction, a builder warranty, and truly turnkey living. This home features an inviting open-concept main level that seamlessly connects the kitchen, cafe, and great room, creating a comfortable space for everyday living and entertaining. A welcoming front porch and desirable Elevation B design add to the home's curb appeal, while a main-level guest suite with a full bath provides flexibility for visitors or multigenerational living. Upstairs, the private primary bedroom suite offers a relaxing retreat with a spacious en-suite bath and generous walk-in closets. Additional bedrooms, each with convenient walk-in closet access, and a versatile loft provide flexible space for a home office, media room, play area, or hobbies. A centrally located laundry room adds everyday convenience, while the rear patio extends the living space outdoors for relaxing or entertaining. Tucked away in a peaceful setting yet just minutes from Franklin's popular dining and shopping destinations, Bluffs at Young's Creek offers the perfect blend of convenience and a relaxed, country-like atmosphere. Enjoy nearby parks, seasonal farmers markets, local events, and opportunities for outdoor recreation, all while remaining close to a wide variety of restaurants, retail options, and everyday amenities. Experience the best of modern living with small-town charm. Learn more today!

Active

  • Price
  • $ 364,995
  • City
  • Franklin
  • Bedrooms
  • 5
  • Full Bathrooms
  • 3
  • County
  • JOHNSON
  • Half Bathrooms
  • 0
  • Area
  • Franklin
  • Lot Size
  • 0.2 Acres
  • Zip
  • 46131
  • Sqr Footage
  • 2,631
  • Year Built
  • 2026
  • Taxes
  • $ 3650
  • Style
  • Traditional
  • MLS#
  • 22117925
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 Two
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 10
Full Baths 3
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 298
Legal Description THE BLUFFS AT YOUNGS CREEK SEC 5A LOT 298

Interior Features

Interior Amenities Attic Access,Bath Sinks Double Main,High Ceilings,Kitchen Island,Entrance Foyer,In-Law Floorplan,Eat-in Kitchen,Pantry,Walk-In Closet(s)
Basement (Y/N) No
Laundry Features Connections All,Laundry Room,Upper Level
Total Bedrooms 5
Main Level Bedrooms 1
LivingAreaSource Builder
Total Baths 3

Exterior Features

Parking Features Attached,Concrete,Garage Door Opener
Water Source Public
Foundation Details Slab
Spa No
Building Area Total 2631
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

8/4/2026 Listed $364,995

Property vs Zip Code Average in 46131

Price
AVG $400K
$360K
Taxes
AVG $3,454
$3,650
Year Built
AVG 1985
2026
Visits
AVG 50
35
Data Provided by Inside Real Estate®

1188 Pegasus Drive Franklin, IN is a Single Family Home for sale at $364995 with 2631 sqft and a lot size of 0.2 Acres Acre(s). 1188 Pegasus Drive Franklin has 5 bedrooms, 3 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.