Ready now! Discover this stunning new construction home at 3942 Teakmill Trail in Indianapolis. This thoughtfully designed 4-bedroom, 2.5-bathroom home contains an abundance of open-concept living space, perfect for modern family life. Other exciting features of this home include a flex room, an electric fireplace, a loft, an owner's en-suite bathroom, a 2-car garage, and more! Located in a desirable Indianapolis / Franklin Township neighborhood, this home offers excellent proximity to local parks, providing easy access to outdoor recreation and green spaces for the whole family. The area's quality of design standards ensure a cohesive and attractive community environment. As a new construction home, you'll enjoy the peace of mind that comes with modern building techniques, energy-efficient features, and contemporary finishes. The open-concept design creates an inviting atmosphere for both daily living and entertaining guests. 3942 Teakmill Trail represents an excellent opportunity to own a brand-new home in a sought-after Indianapolis neighborhood. With 4 bedrooms and thoughtful design throughout, this home offers the space and functionality today's families desire!
Active
Special offer
$339,990
3942 Teakmill Trl, Indianapolis, IN 46239
4beds
2,394sqft
Est.:
Residential, Single Family Residence
Built in 2026
7,187.4 Square Feet Lot
$-- Zestimate®
$142/sqft
$63/mo HOA
What's special
Electric fireplaceFlex roomContemporary finishes
- 30 days |
- 197 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: April 02, 2026 at 07:08am
Listing Provided by:
Jennifer Mencias 630-800-8371,
M/I Homes of Indiana, L.P.
Source: MIBOR as distributed by MLS GRID,MLS#: 22087332
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Upper
- Area: 210 Square Feet
- Dimensions: 15 x 14
Bedroom 2
- Level: Upper
- Area: 110 Square Feet
- Dimensions: 10 x 11
Bedroom 3
- Level: Upper
- Area: 110 Square Feet
- Dimensions: 10 x 11
Bedroom 4
- Level: Upper
- Area: 120 Square Feet
- Dimensions: 12 x 10
Breakfast room
- Level: Main
- Area: 144 Square Feet
- Dimensions: 9 x 16
Family room
- Level: Main
- Area: 234 Square Feet
- Dimensions: 13 x 18
Kitchen
- Level: Main
- Area: 160 Square Feet
- Dimensions: 10 x 16
Laundry
- Level: Upper
- Area: 54 Square Feet
- Dimensions: 9 x 6
Loft
- Level: Upper
- Area: 130 Square Feet
- Dimensions: 10 x 13
Play room
- Level: Main
- Area: 120 Square Feet
- Dimensions: 10 x 12
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: Electric, Family Room
Interior area
- Total structure area: 2,394
- Total interior livable area: 2,394 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage Door Opener
- Attached garage spaces: 2
- Details: Garage Parking Other(Garage Door Opener)
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Patio
- Exterior features: Lighting
Lot
- Size: 7,187.4 Square Feet
- Features: Sidewalks
Details
- Parcel number: 491025111009036300
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Residential, Single Family Residence
Materials
- Brick, Vinyl Siding
- Foundation: Slab
Condition
- New Construction
- New construction: Yes
- Year built: 2026
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: Grayson
HOA
- Has HOA: Yes
- Amenities included: Dog Park, Playground, Trail(s)
- Services included: Association Home Owners
- HOA fee: $380 semi-annually
- HOA phone: 317-444-3100
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $142/sqft
- Date on market: 3/4/2026
- Cumulative days on market: 32 days
- Electric utility on property: Yes
About the community
PlaygroundParkTrails
Grayson in Franklin Township offers new single-family homes on the southeast side of Indianapolis, blending suburban comfort with quick access to major city attractions. Set near local parks, dining, and everyday conveniences, the community provides an easygoing lifestyle just 20 minutes from Downtown Indy.The Essential Series features a selection of two-story floorplans with open main-level living, spacious kitchens, and plenty of natural light. A new phase of homesites includes peaceful water views, adding to the neighborhood's inviting setting.Residents can enjoy nearby recreation such as the 99-acre Franklin Township Community Park, along with popular local restaurants and family-friendly destinations. Located within Franklin Township, Grayson offers a connected, relaxed place to call home with thoughtfully designed spaces for modern living.
7311 Waylon Way, 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
10 homes in this community
Available homes
| Listing | Price | Bed / bath | Status |
|---|---|---|---|
Current home: 3942 Teakmill Trl | $339,990 | 4 bed / 3 bath | Available |
| 3926 Quinn Rd | $344,990 | 4 bed / 3 bath | Available |
| 3927 Quinn Rd | $344,990 | 4 bed / 3 bath | Available |
| 7119 Waylon Way | $347,990 | 4 bed / 3 bath | Available |
| 3917 Teakmill Trl | $352,120 | 4 bed / 3 bath | Available June 2026 |
| 3921 Teakmill Trl | $361,620 | 4 bed / 3 bath | Available June 2026 |
| 3918 Quinn Rd | $369,990 | 4 bed / 3 bath | Available June 2026 |
| 3918 Teakmill Trl | $348,730 | 3 bed / 3 bath | Available July 2026 |
| 7207 Asher Way | $373,620 | 4 bed / 3 bath | Available July 2026 |
| 7123 Asher Way | $375,790 | 4 bed / 3 bath | Available July 2026 |
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 | $339,990-1.4%$142/sqft |
Source:  MIBOR as distributed by MLS GRID #22087332 Report a problem | ||
| 3/12/2026 | Price change | $344,990-3.1%$144/sqft |
Source: MIBOR as distributed by MLS GRID #22087332 Report a problem | ||
| 2/6/2026 | Price change | $355,990-0.6%$149/sqft |
Source:  M/I Homes Report a problem | ||
| 2/3/2026 | Listed for sale | $357,990$150/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 HomesBuyAbility℠ payment
Neighborhood: Five Points
Nearby schools
GreatSchools rating
- 4/10Thompson Crossing Elementary SchoolGrades: K-3Distance: 1.1 mi
- 7/10Franklin Central Junior HighGrades: 7-8Distance: 4 mi
- 9/10Franklin Central High SchoolGrades: 9-12Distance: 2.6 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.
