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$450,500
3 Days On Site

1261 Pegasus Drive
Franklin, IN 46131

For Sale|Single Family Residence|Active
5
Beds
3
Total Baths
3
Full Baths
3,119
SqFt
$144
/SqFt
2025
Built
Subdivision:
Bluffs At Young'S Creek
County:
Johnson
Listing courtesy of Carpenter, REALTORS® (317) 661-9160
Call Now: 317-965-4849
Is this the listing for you? We can help make it yours.
317-965-4849
1261 Pegasus Drive1261 Pegasus Drive1261 Pegasus Drive1261 Pegasus Drive
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Monthly Payment (Est.)

$2,055
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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!

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Listing Snapshot
Price 
$450,500
Days On Site 
3 Days
Bedrooms 
5
Inside Area (SqFt) 
3,119 sqft
Total Baths 
3
Full Baths 
3
Partial Baths 
N/A
Lot Size 
0.21 Acres
Year Built 
2025
MLS® Number 
22098798
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
$22.92 monthly
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
4 days agoListing first seen on site
4 days agoListing updated with changes from the MLS®
General Features
Acres 
0.21
Disclosures 
V A- Owned
Foundation 
Slab
Garage 
Yes
Garage Spaces 
3
Home Warranty 
Yes
Levels 
Two
Parking 
AttachedConcrete
Property Sub Type 
Single Family Residence
SqFt Total 
3119
Style 
Traditional
Water Source 
Public
Interior Features
Appliances 
Gas CooktopDishwasherElectric Water HeaterDouble OvenGas OvenRefrigeratorWater HeaterWater PurifierWater Softener Owned
Cooling 
Central Air
Heating 
Natural Gas
Interior 
Kitchen IslandEntrance FoyerEat-in KitchenPantrySmart ThermostatWalk-In Closet(s)
Main Level Bedrooms 
1
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Exterior Features
Construction Details 
Vinyl Siding
Lot Features 
Waterfront
Patio And Porch 
CoveredPatio
View 
Pond
Waterfront 
Yes
Waterfront Features 
Pond
Waterview 
Pond
Community Features
Association Dues 
275
HOA Fee Frequency 
Annually
Horse Property 
None
MLS Area 
4105 - Johnson - Franklin
School District 
Franklin Community School Corp
Township 
Franklin
Schools
School District
Franklin Community School Corp
Elementary School
Unknown
Middle School
Franklin Community Middle School
High School
Franklin Community High School
Listing courtesy of Carpenter, REALTORS® (317) 661-9160



Listings courtesy of Metropolitan Indianapolis Board of REALTORS® as distributed by MLS GRID. All information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All information is believed to be reliable but is not guaranteed and should be independently verified.

Based on information submitted to the MLS GRID as of 2026-05-12 12:10 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Copyright © 2026 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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