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1188 Pegasus Drive

Franklin, IN 46131

PendingListed Aug 4, 2026 · 58 days on market

Key facts

Beds
5
Baths
3 full
Living area
2,631 sqft
Lot
0.2 acres
Year built
2026
Type
Residential · Single Family Residence
Stories
Two
Garage
2 spaces
MLS #
22117925
County
Johnson
Subdivision
Bluffs At Young'S Creek
New construction
Yes

About this home

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!

Description provided by the listing brokerage.

Interior

Appliances
DishwasherElectric Water HeaterMicrowaveGas Oven
Interior features
Attic AccessBath Sinks Double MainHigh CeilingsKitchen IslandEntrance FoyerIn-Law FloorplanEat-in KitchenPantryWalk-In Closet(s)
Laundry
Connections AllLaundry RoomUpper Level
Windows
Low-Emissivity WindowsVinyl Windows
Rooms
10
Main-level bedrooms
1

Exterior

Patio and porch
CoveredPatio
Construction
Vinyl With Brick
Foundation
Slab
Style
Traditional
Parking and garage
AttachedConcreteGarage Door Opener
Other equipment
Smoke Alarm

Systems

Heating
Forced AirGas
Cooling
Central Air
Water
Public

Lot and HOA

HOA fee
$275 / annually
HOA fee includes
Entrance CommonMaintenance
HOA amenities
MaintenancePond Year Round

Schools

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

Taxes

Estimated annual tax
$3,650 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,295per month, estimated
Principal and interest $1,840Property tax $304Insurance $128HOA $23
20% · $72,999
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$364,995
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