
Sheldon Barnes
For Sale — 5228 Dragon Tree Lane, Indianapolis, IN 462395228 Dragon Tree Lane
Indianapolis, Indiana 46239
Sagebrook West
5
Beds
3
Baths
3,252
Sq Ft
2025
Year Built
0.21
Acres
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ABOUT THIS HOME
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!
Key things to know
- First-floor guest suite with full bathroom
- Open-concept with gathering room extension
- Kitchen island with spacious walk-in pantry
- Owner's suite with en-suite bathroom
- 3-car garage and smart thermostat
Monthly payment
Estimate · $489,990
$2,650/mo
≈ $2,608 principal & interest · $42 HOA
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $97,998 on a loan of $391,992.
Price history
- Price reduced$499,990 → $489,990
May 7, 2026
- Listedat $534,990
Aug 20, 2025
Sagebrook West · activity
past 6 months
- Sold
- 17
- Median price
- $291,000
- Median DOM
- 152 days
Recent comparable sales

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$314,900
9616 Treyburn Green Way
4bd · 3ba · 3,042 sqft
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Comparative value
5 comps in this range
This home is 42% 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
Exterior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$534,990Listed· Aug 20, 2025
$489,990Reduced
↓ $45,000 (8.4% off original)
245 days on market
Layout
Primary suite
Closet Walk in
Primary bath
Sinks Double
Schools
Franklin Township Com Sch Corp
Middle
Franklin Central Junior High
Neighborhood
- Downtown Indianapolis10.8 mi
- Fishers High School18.9 mi
- Conner Prairie19.1 mi
- IU Health North Hospital19.2 mi
- Monon Trail (Carmel)19.8 mi
- Hamilton Southeastern HS20.4 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
3,252 sq ft
Year Built
2025
Stories
Two
Subdivision
Sagebrook West
Bedrooms
5
Bathrooms
3 full
Garage
3 spaces
School District
Franklin Township Com Sch Corp
