Waterfront
Address
1261 Pegasus Drive, Franklin, IN
Price
$ 434,900
Property Attributes
- ID#22098798
- TypeSingle Family
- Listing Status Active
- CountyJOHNSON
- CityFranklin
- AreaFranklin
- NeighborhoodBluffs At YoungS Creek
- Zip46131
- StyleTraditional
- Year Built2025
- Taxes$ 3740
- Price$ 434,900
- Bedrooms5
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage3119
- Lot Size0.21 Acres
Data Source:
MIBOR Broker Listing Cooperative
Property Description
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!
| Middle School | High School |
|---|---|
| Franklin Community Middle School | Franklin Community High School |
| Price History | |
|---|---|
| 5/8/2026 | Listed $450,500 |
| 6/5/2026 | 2$445,000 |
| 6/19/2026 | 2$439,999 |
| 7/10/2026 | 2$434,900 |
General Features
| Heating | Natural Gas,High Efficiency (90%+ AFUE ) |
|---|---|
| Cooling | Central Air |
| Possession | Negotiable |
| Appliances | Gas Cooktop,Dishwasher,Electric Water Heater,MicroHood,Double Oven,Gas Oven,Refrigerator,Water Heater,Water Purifier,Water Softener Owned |
| HOA Fee | 275 |
| Garage Spaces | 3 |
| Patio/Porch Features | Covered,Patio |
| Architectural Style | Traditional |
| Construction Materials | Vinyl With Brick |
| Year Built | 2025 |
| View | Pond |
| Township | Franklin |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Waterfront Features | Pond |
| Assoc Fee Paid Per | Annually |
| County | Johnson |
| New Construction | No |
| Property Type | Residential |
| HOA | Yes |
| Subdivision Name | Bluffs At Young'S Creek |
| Garage Y/N | Yes |
| Total Rooms | 12 |
| Full Baths | 3 |
| Status | Active |
| Directions | GPS Friendly |
| High School | Franklin Community High School |
| City | Franklin |
| Disclosures | VA-Owned |
| High School District | Franklin Community School Corp |
| MLS Area | 4105 - Johnson - Franklin |
| Lot Size Square Feet | 9100 |
| Property Attached Y/N | No |
| Current Financing | Assumable,Conventional,FHA,VA |
| Middle/Junior High School | Franklin Community Middle School |
| Standard Status | Active |
| Tax Lot | 322 |
| Virtual Tour | https://www.homeforsale.at/1261_PEGASUS_DRIVE_kutbyl-7apd?show_listing_video=1 |
| Legal Description | THE BLUFFS AT YOUNGS CREEK SEC 5A LOT 322 |
Interior Features
| Interior Amenities | Attic Access,Kitchen Island,Entrance Foyer,Hi-Speed Internet Availbl,In-Law Floorplan,Eat-in Kitchen,Pantry,Smart Thermostat,Supplemental Storage |
|---|---|
| Basement (Y/N) | No |
| Total Bedrooms | 5 |
| Main Level Bedrooms | 1 |
| LivingAreaSource | Assessor |
| Total Baths | 3 |
Exterior Features
| Parking Features | Attached,Concrete |
|---|---|
| Lot Features | Curbs,Sidewalks,Street Lights |
| Water Source | Public |
| Foundation Details | Slab |
| Building Area Total | 3119 |
| Lot Size Acres | 0.21 |
| Waterfront Y/N | Yes |
| Other Equipment | Smoke Alarm |
| Horse Amenities | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 46131
Price
Taxes
Year Built
Visits
In The Neighborhood
Reduced
Franklin
$ 363,900
1083 Aries Boulevard
Franklin, IN 46131
- Type
- Single Family
Listed by Shelby Eckart of Priority Realty Group
New Construction
Franklin
$ 364,995
1188 Pegasus Drive
Franklin, IN 46131
- Type
- Single Family
Listed by Britanny Deal of Ridgeline Realty, LLC
Reduced
Franklin
$ 318,995
1196 Pegasus Drive
Franklin, IN 46131
- Type
- Single Family
Listed by Britanny Deal of Ridgeline Realty, LLC
Reduced
Franklin
$ 350,995
1233 Pegasus Drive
Franklin, IN 46131
- Type
- Single Family
Listed by Britanny Deal of Ridgeline Realty, LLC
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update September 28, 2026 2:36 PM UTC
IDX provided courtesy of Realcomp II Ltd., via Berkshire Hathaway HomeServices Michigan Real Estate and The Originating MLS(found above), © 2026 Realcomp II Ltd. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Michigan Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.Based on information submitted to the MLS GRID as of September 28, 2026 2:39 PM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of September 28, 2026 2:39 PM UTC
MIBOR REALTOR® Association All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Michigan Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Last Updated: September 28, 2026 2:50 PM UTC
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IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided by the Indiana Regional MLS.
Information last updated on September 28, 2026 2:34 PM UTC
The content relating to real estate for sale and/or lease on this Web site comes in part from
the Internet Data eXchange ("IDX") program of the Northwest Indiana REALTORS® Association Multiple Listing Service ("NIRA MLS"). and is communicated verbatim, without change, as filed by its members. This information is being provided for the consumers' personal, noncommercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing
Bay County REALTOR® Association All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
Midland Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
Water Wonderland Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
Northern Great Lakes REALTORS® MLS All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
Greater Lansing Association of Realtors® (GLAR) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
Northern Michigan MLS; All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
