Welcome to this stunning new construction home for sale in Franklin Township! This beautiful 2-story home features 5 bedrooms-including a first-floor guest suite-3 full bathrooms, a 3-car garage, a gathering room extension, a gas fireplace, a kitchen with an island and spacious walk-in pantry, a morning room, a spacious loft, and more. This beautiful new construction home showcases exceptional attention to detail and superior design quality. The flowing open-concept layout creates a welcoming atmosphere while maintaining functional living spaces for everyday life. The home's thoughtful design balances style with practicality, offering room for both relaxation and entertainment. The upper level features the owner's bedroom, providing a private retreat away from the main living areas with its own en-suite bathroom. With 5 bedrooms in total, there's ample space for family members, guests, or home offices. The 3 well-appointed bathrooms are strategically placed throughout the home for maximum convenience. Clean lines and quality fixtures enhance the overall aesthetic while ensuring durability for years to come. The home's design incorporates today's most desired features while maintaining a timeless appeal that will endure for generations. Located in a charming neighborhood in Franklin Township, 5228 Dragon Tree Lane represents an exceptional opportunity for discerning buyers seeking quality, space, and thoughtful design!
Active
Special offer
$499,990
5228 Dragon Tree Ln, Indianapolis, IN 46239
5beds
3,252sqft
Est.:
Residential, Single Family Residence
Built in 2025
9,147.6 Square Feet Lot
$-- Zestimate®
$154/sqft
$42/mo HOA
- 241 days |
- 271 |
- 12 |
Zillow last checked:
Listing updated:
Listing Provided by:
Jennifer Mencias 630-800-8371,
M/I Homes of Indiana, L.P.
Source: MIBOR as distributed by MLS GRID,MLS#: 22057962
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Open house
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Upper
- Area: 270 Square Feet
- Dimensions: 15 x 18
Bedroom 2
- Level: Upper
- Area: 210 Square Feet
- Dimensions: 15 x 14
Bedroom 3
- Level: Upper
- Area: 130 Square Feet
- Dimensions: 13 x 10
Bedroom 4
- Level: Upper
- Area: 120 Square Feet
- Dimensions: 12 x 10
Bedroom 5
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12 x 10
Breakfast room
- Level: Main
- Area: 110 Square Feet
- Dimensions: 10 x 11
Family room
- Level: Main
- Area: 396 Square Feet
- Dimensions: 18 x 22
Kitchen
- Level: Main
- Area: 168 Square Feet
- Dimensions: 12 x 14
Laundry
- Level: Upper
- Area: 54 Square Feet
- Dimensions: 6 x 9
Loft
- Level: Upper
- Area: 228 Square Feet
- Dimensions: 12 x 19
Sitting room
- Level: Main
- Area: 130 Square Feet
- Dimensions: 10 x 13
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Water Heater, Disposal, Microwave, Gas Oven
- Laundry: Laundry Room, Upper Level
Features
- Attic Access, Double Vanity, Breakfast Bar, Kitchen Island, Pantry, Smart Thermostat, Walk-In Closet(s)
- Has basement: No
- Attic: Access Only
- Number of fireplaces: 1
- Fireplace features: Family Room, Gas Starter
Interior area
- Total structure area: 3,252
- Total interior livable area: 3,252 sqft
Property
Parking
- Total spaces: 3
- Parking features: Attached
- Attached garage spaces: 3
- Details: Garage Parking Other(Garage Door Opener)
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered
- Exterior features: Lighting
- On waterfront: Yes
- Waterfront features: Pond
Lot
- Size: 9,147.6 Square Feet
- Features: Sidewalks
Details
- Parcel number: 491604115009031300
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Residential, Single Family Residence
Materials
- Other
- Foundation: Slab
Condition
- New Construction,Under Construction
- New construction: Yes
- Year built: 2025
Details
- Builder name: M/I Homes
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Sagebrook West
HOA
- Has HOA: Yes
- Amenities included: Park, Playground, Trail(s)
- Services included: ParkPlayground, Walking Trails
- HOA fee: $500 annually
- HOA phone: 317-253-1401
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $154/sqft
- Date on market: 8/20/2025
- Cumulative days on market: 227 days
- Electric utility on property: Yes
About the community
PlaygroundTrails
Sagebrook West in southeast Indianapolis offers new single-family homes and low-maintenance ranch villas in a peaceful Franklin Township setting. Surrounded by wooded and pond-view homesites, the community provides a quiet atmosphere with quick access to major routes and Downtown Indianapolis.Homes feature thoughtful, modern designs suited for a range of lifestyles, from spacious two-story plans to easy-living villas with outdoor spaces and included exterior maintenance. Walking trails, a playground, pond views, and a picnic shelter create inviting places to relax and connect close to home.Located within the Franklin Township Community School Corporation, the neighborhood offers families access to highly regarded schools. With nearby parks, golf, dining, and entertainment, Sagebrook West blends natural beauty, convenience, and a comfortable everyday lifestyle.
10715 Mangrove Drive, Indianapolis, IN 46239
Good Friends Make Great Neighbors
Do you love your M/I Home? Share the experience with friends and family - invite them to become your neighbors and enjoy a special "thank you" from us when they purchase.Source: M/I Homes
18 homes in this community
Available homes
| Listing | Price | Bed / bath | Status |
|---|---|---|---|
Current home: 5228 Dragon Tree Ln | $499,990 | 5 bed / 3 bath | Available |
| 5504 Aspen Wood Ln | $289,990 | 2 bed / 2 bath | Move-in ready |
| 10714 Mangrove Dr | $259,990 | 2 bed / 2 bath | Available |
| 10611 Mangrove Dr | $264,990 | 2 bed / 2 bath | Available |
| 10619 Mangrove Dr | $264,990 | 2 bed / 2 bath | Available |
| 10601 Mangrove Dr | $294,990 | 3 bed / 2 bath | Available |
| 10603 Mangrove Dr | $304,990 | 3 bed / 2 bath | Available |
| 5226 Jacaranda Dr | $449,990 | 3 bed / 2 bath | Available |
| 10543 Banyan Wood Ct | $499,990 | 5 bed / 4 bath | Available |
| 10608 Banyan Wood Ct | $509,990 | 5 bed / 3 bath | Available |
| 5232 Jacaranda Dr | $529,990 | 5 bed / 4 bath | Available |
| 5420 Aspen Wood Ln | $529,990 | 5 bed / 4 bath | Available |
| 5534 Aspen Wood Ln | $332,470 | 2 bed / 2 bath | Available June 2026 |
| 5532 Aspen Wood Ln | $340,920 | 2 bed / 3 bath | Available June 2026 |
| 5238 Jacaranda Dr | $564,490 | 5 bed / 4 bath | Available June 2026 |
| 5540 Aspen Wood Ln | $329,080 | 2 bed / 2 bath | Available July 2026 |
| 5538 Aspen Wood Ln | $357,510 | 2 bed / 3 bath | Available July 2026 |
| 10609 Mangrove Dr | $288,990 | 2 bed / 3 bath | Pending |
Source: M/I Homes
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Learn how to advertise your homesEstimated market value
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Estimated sales range
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Price history
| Date | Event | Price |
|---|---|---|
| 4/2/2026 | Price change | $499,990-2%$154/sqft |
Source:  MIBOR as distributed by MLS GRID #22057962 Report a problem | ||
| 3/4/2026 | Listed for sale | $509,990$157/sqft |
Source: MIBOR as distributed by MLS GRID #22057962 Report a problem | ||
| 2/18/2026 | Pending sale | $509,990$157/sqft |
Source: MIBOR as distributed by MLS GRID #22057962 Report a problem | ||
| 10/22/2025 | Price change | $509,990-1.9%$157/sqft |
Source: MIBOR as distributed by MLS GRID #22057962 Report a problem | ||
| 10/17/2025 | Price change | $519,990-1%$160/sqft |
Source:  M/I Homes Report a problem | ||
| 9/25/2025 | Price change | $524,990-0.9%$161/sqft |
Source: M/I Homes Report a problem | ||
| 9/10/2025 | Price change | $529,990-0.9%$163/sqft |
Source: MIBOR as distributed by MLS GRID #22057962 Report a problem | ||
| 7/31/2025 | Price change | $534,990-3.5%$165/sqft |
Source: M/I Homes Report a problem | ||
| 7/3/2025 | Price change | $554,560-4.6%$171/sqft |
Source: M/I Homes Report a problem | ||
| 6/12/2025 | Listed for sale | $581,560$179/sqft |
Source: M/I Homes Report a problem | ||
Public tax history
Tax history is unavailable.
Good Friends Make Great Neighbors
Do you love your M/I Home? Share the experience with friends and family - invite them to become your neighbors and enjoy a special "thank you" from us when they purchase.Source: M/I HomesNeighborhood: New Bethel
Nearby schools
GreatSchools rating
- 6/10Lillie Idella Kitley Intermediate SchoolGrades: 4-6Distance: 2.2 mi
- 7/10Franklin Central Junior HighGrades: 7-8Distance: 1.1 mi
- 9/10Franklin Central High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the builder
- District: Franklin Twp Community Schools
Source: M/I Homes. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
