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$489,9905228 Dragon Tree Lane
For Sale245 days on marketNew Construction

5228 Dragon Tree Lane

Indianapolis, Indiana 46239

Sagebrook West

$489,990

$534,990

Schedule a Showing

5

Beds

3

Baths

3,252

Sq Ft

2025

Year Built

0.21

Acres

Sheldon Barnes, Carmel Realtor

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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!

Listed by Jennifer Mencias· M/I Homes of Indiana, L.P.· MLS# 22057962

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

  1. Price reduced$499,990 → $489,990

    May 7, 2026

  2. Listedat $534,990

    Aug 20, 2025

Sold
17
Median price
$291,000
Median DOM
152 days

Comparative value

5 comps in this range

This home is 42% above median for similar nearby sales.

$315K$690KMedian $346K
$490K

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

Attic AccessBath Sinks Double MainBreakfast BarKitchen IslandPantrySmart ThermostatWalk-In Closet(s)

Exterior

Lighting

Climate

Heat: Forced AirCool: Central Air

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

Main
115 rooms1,549 sq ft
Upper
426 rooms1,703 sq ft

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

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