Sheldon Barnes
For Sale — 1261 Pegasus Drive, Franklin, IN 461311261 Pegasus Drive
Franklin, Indiana 46131
Bluffs at Young's Creek
$450,500
Schedule a Showing5
Beds
3
Baths
3,119
Sq Ft
2025
Year Built
0.21
Acres
Schedule a tour or ask a question
Sheldon Barnes can help you tour 1261 Pegasus Drive
Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Franklin, Indiana and the rest of Hamilton County. Book a private tour of 1261 Pegasus Drive in Bluffs At Young'S Creek, ask any question about this home, or talk through what you should know about buying in Franklin.
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!
Key things to know
- 3-car garage
- Bluffs At Young'S Creek subdivision
Monthly payment
Estimate · $450,500
$2,732/mo
≈ $2,398 principal & interest · $312 tax · $23 HOA
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $90,100 on a loan of $360,400.
Price history
- Listedat $450,500
May 8, 2026
Bluffs At Young'S Creek · activity
past 6 months
- Sold
- 8
- Median price
- $325,000
- Median DOM
- 28 days
Recent comparable sales
$405,000
1506 Covington Boulevard
5bd · 4ba · 3,100 sqft
Sold May 2026
$350,000
1951 Turning Leaf Drive
4bd · 3ba · 2,537 sqft
Sold Apr 2026
$321,000
858 Redwood Drive
4bd · 3ba · 2,512 sqft
Sold May 2026
$570,000
2080 Fairway Lakes Drive
4bd · 4ba · 2,931 sqft
Sold May 2026
$770,000
1111 Maclaren Court
4bd · 3ba · 3,111 sqft
Sold Apr 2026
Comparative value
5 comps in this range
This home is 11% above median for similar nearby sales.
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Interior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$450,500Listed· May 8, 2026
5 days on market
Layout
Primary suite
Closet Walk in
Schools
Franklin Community School Corp
Neighborhood
- Downtown Indianapolis21.3 mi
- Monon Trail (Carmel)34.1 mi
- IU Health North Hospital34.3 mi
- Fishers High School34.7 mi
- Carmel High School34.8 mi
- Carmel Central Park34.8 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
3,119 sq ft
Year Built
2025
Stories
Two
Subdivision
Bluffs at Young's Creek
Bedrooms
5
Bathrooms
3 full
Garage
3 spaces
School District
Franklin Community School Corp