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4.49% / 5.249% APR* (FHA) on select homes w/ Silverton Mortgage

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New Builds. Quick Move-Ins. Great Rates.

4.49% / 5.249% APR* (FHA) on select homes w/ Silverton Mortgage

Get Details
Arbor Homes
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1228 Pegasus DriveFranklin, IN 46131

Quick Move-In Home Available this March!
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  • Homes
  • Indianapolis Metro
  • Franklin
  • 1228 Pegasus Drive

Overview

1228 Pegasus DriveFranklin, IN 46131

Price: $369,995
  • Floor PlanThe Palmetto
  • 4Beds
  • 2 .5Baths
  • 2Stories
  • 2,580SQ. FT.
  • 302Lot #

Welcome to the Palmetto B, a thoughtfully designed new construction home that blends modern style with everyday comfort. This beautiful Brick B elevation makes a strong first impression, complemented by premium vinyl siding and striking black dimensional shingles for timeless curb appeal.

Inside, 9’ first-floor walls and additional windows throughout the home create an open, light-filled atmosphere. The main level guest suite with a full bathroom offers the perfect space for visitors or multigenerational living. Luxury vinyl plank flooring flows through the common areas, paired with a soft Agreeable Gray interior palette and elegant white painted stair railings for a clean, cohesive look.

The kitchen is a true centerpiece, featuring 42” white cabinetry, an oversized island ideal for gathering, and 2 CM quartz countertops that extend throughout the home. A full suite of stainless steel appliances—including a gas range, microwave, dishwasher, and refrigerator—adds both style and functionality.

Upstairs, the private primary suite provides a relaxing retreat with a spacious 60” shower and double bowl vanity. Thoughtful touches like additional electrical, a water softener bypass rough-in, and a 12’ x 10’ rear concrete patio make everyday living easy and enjoyable.

Designed with comfort, flexibility, and modern finishes in mind, this Palmetto floor plan is ready to welcome you home.



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Features

  • Palmetto B with Brick B
  • 9' First Floor Walls
  • Guest Suite with Full Bathroom on the First Floor
  • Premium Vinyl Exterior with Black Dimensional Shingles
  • 12' x 10' Rear Concrete Patio
  • Additional Windows and Electrical throughout the Home
  • Water Softener Bypass Rough-In
  • 60" Shower with Double Bowl Vanity in the Primary Suite
  • 42" Kitchen Cabinetry in White with Oversized Kitchen Island
  • 2 CM Quartz Countertops throughout the Home
  • Luxury Vinyl Plank Flooring throughout the Common Areas
  • Agreeable Gray Interior Wall Paint
  • White Painted Railing along the Stairs
  • Stainless Steel Gas Range, Microwave, Dishwasher and Refrigerator

Area Schools

  • Creekside Elementary School
  • Custer Baker Intermediate School
  • Franklin Community Middle School
  • Franklin Community High School
Visit Bluffs at Young's Creek
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  • Sunday: 12pm-6pm
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Map & Directions

Driving Directions

From Indianapolis, take I-65 south to E. King Street exit in Franklin (exit 90). Go east on E. King Street for roughly one mile and turn left onto N Forsythe Street. In half a mile, turn right onto E Jefferson Street. In 0.3 miles turn left onto S. Home Avenue and then turn right onto E. South Street. Continue straight onto W. South Street and then turn left onto Nineveh Road and the destination will be on your right.

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Other Available Home in this Area

Arbor Series
Available in March
Lot #330
1177 Pegasus Drive
Franklin, IN, 46131
White Map Pin

$324,995

3Beds
2Baths
1,687sq.ft.
1story
Pencil and Paper Icon$1,557/mo.*
Bluffs at Young's Creek
Bradford
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Estimated Payment:

$1,772.74/mo

Results received form this calculator are NOT a loan offer and are only an estimated payment based off of principal and interest only. Additional fees such as HOA dues and property taxes are not automatically included in calculations. Arbor Homes, the seller, is not a lender and does not offer financing and is not responsible for any errors, omissions, or misrepresentations. Actual available loans depend on a number of factors, including lender and loan type. The above calculator and any related information provided are an example of mortgage payments calculated for comparative and educational purposes only. The results generated cannot be used to determine loan terms, costs or pre-qualify for any actual mortgage loan program. The sample results above may not be available to you for financing purposes, or take into account all loan options and important considerations for home buying and financing decisions. View Terms and Privacy Policy.

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©2026 Arbor HomesSite By Builder DesignsDo Not Sell or Share My Personal Information
©2026 Arbor HomesDo Not Sell or Share My Personal Information
Site By Builder Designs

Prices, plans, and terms are effective on the date of publication and subject to change without notice. Square footage shown is only an estimate and actual square footage will differ. Depictions of homes or other features are artist conceptions. Hardscape, landscape, and other items shown may be decorator suggestions that are not included in the purchase price and availability may vary. Plans to build out this neighborhood as proposed are subject to change without notice. 3D floor plan rendering is for illustrative purposes only and represents a concept of a standard model of this home and may not represent the home that would be available for purchase at the purchase price shown. The rendering may represent the base model of this home without any options or upgrades, or may depict options, upgrades or features that are available at an additional cost. Furniture placement and flooring is artist's conception and is not intended to show specific detailing. Floor plans are the property of Arbor Homes.

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