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1261 Pegasus Drive

Franklin, IN 46131

ActiveListed May 8, 2026 · 167 days on market

Key facts

Beds
5
Baths
3 full
Living area
3,119 sqft
Lot
0.21 acres
Year built
2025
Type
Residential · Single Family Residence
Stories
Two
Garage
3 spaces
MLS #
22098798
County
Johnson
Subdivision
Bluffs At Young's Creek

About this home

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!

Description provided by the listing brokerage.

Interior

Appliances
Gas CooktopDishwasherElectric Water HeaterMicroHoodDouble OvenGas OvenRefrigeratorWater HeaterWater PurifierWater Softener Owned
Interior features
Attic AccessKitchen IslandEntrance FoyerHi-Speed Internet AvailblIn-Law FloorplanEat-in KitchenPantrySmart ThermostatSupplemental Storage
Kitchen
Kitchen Updated
Other rooms and areas
Bath Jack-n-JillBedroom Other on MainLaundry in UnitUtility Room
Windows
Vinyl Windows
Rooms
12
Main-level bedrooms
1

Exterior

Patio and porch
CoveredPatio
Construction
Vinyl With Brick
Foundation
Slab
Style
Traditional
Parking and garage
AttachedConcrete
View
Pond
Waterfront
Pond
Other equipment
Smoke Alarm

Systems

Heating
Natural GasHigh Efficiency (90%+ AFUE )
Cooling
Central Air
Water
Public

Lot and HOA

HOA fee
$275 / annually
Lot features
CurbsSidewalksStreet Lights

Schools

Middle school
Franklin Community Middle School
High school
Franklin Community High School
School district
Franklin Community School Corp

Taxes

Estimated annual tax
$3,740 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,647per month, estimated
Principal and interest $2,162Property tax $312Insurance $150HOA $23
20% · $85,800
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$429,000
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