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Franklin Township Community School Corporation
Interior
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Indianapolis, Indiana

Grayson

Single Family Homes in Indianapolis, Indiana
7311 Waylon Way, Indianapolis, Indiana 46239
Priced from: $315,990 ( ) Estimate Your Monthly Payment
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closed now
Grayson
7311 Waylon Way
Indianapolis, IN 46239
  • Mon: 2:00PM - 6:00PM
  • Tue: 11:00AM - 6:00PM
  • Wed: 11:00AM - 6:00PM
  • Thu: 11:00AM - 6:00PM
  • Fri: 11:00AM - 6:00PM
  • Sat: 11:00AM - 6:00PM
  • Sun: 12:00PM - 6:00PM

A Franklin Township Community of New Construction Homes From the Low $300s

Welcome to Grayson, a community of single-family homes for sale on the southeast side Indianapolis in the desirable Franklin Township area. Grayson offers an ideal blend of comfort and community living in a brand-new, designer-appointed home.

A brand-new phase of homesites has just been released for sale with private water view homesites and convenient access to the community amenities.

Grayson Community Amenities and School District

This community offers the best of both worlds—privacy and tranquility in an incredibly convenient location just minutes from I-465 access. At every turn, open green space, trails, lush trees, ponds, and the following amenities will surround this meticulously planned-out neighborhood:

  • Community picnic and pavilion area with BBQ area
  • Playground
  • Dog park
  • Trails for biking, walking, and recreational use

Homeowners in Grayson will enjoy all this just outside their own front door along with the benefits of being in the Franklin Township Community School District location.

About Our New Construction Homes in Indianapolis

Designed with the quality M/I Homes is known for, new homeowners will have their choice between 5 different 2-story floorplans within our Essential Series:

  • Brooklyn | 3 Bedrooms | 2.5 Bathrooms | 2,128–2,245 Square Feet | View Floorplan
  • Aubrey | 4 Bedrooms | 2.5 Bathrooms | 2,262–2,379 Square Feet | View Floorplan
  • Peyton | 4 Bedrooms | 2.5 Bathrooms | 2,308–2,588 Square Feet | View Floorplan
  • Juliet | 4–6 Bedrooms | 2–4 Bathrooms | 2,614–2,734 Square Feet | View Floorplan
  • Parke | 4-6 Bedrooms | 2.5-4 Bathrooms | 2,802-2,908 Square Feet I View Floorplan

Fall in love with the open-concept designs that flow from room to room, including spacious kitchens and family rooms filled with natural lighting.

Keep scrolling to find out more details about each of these plans!

About The Surrounding Area: Indianapolis and Franklin Township

Embrace the good life in a new home just 20 minutes away from Downtown Indianapolis. Dine out at locally loved restaurant on Mass Ave., stroll along the peaceful and scenic canal walk, and catch a game or concert at Lucas Oil Stadium. Downtown Indy offers a range of attractions and activities for everyone, and we're proud to offer new homes so close to here!

But don't miss out on all the great spots just a short walk or drive away from your future home at Grayson. Within Franklin Township itself, you'll discover:

On top of all that, you can knock out all your typical errands just a few miles west along Thompson Road, featuring several big-name grocery stores, pharmacies, fast food restaurants, and gas stations. All that you need will be within and just outside your own community living in a new M/I Home at Grayson!

Experience the M/I Difference in Indianapolis

Our new homes for sale in Indianapolis offer the same top-notch quality that M/I Homes has been providing homeowners for over 40 years. We want your experience to be as smooth and stress-free as possible—from start to finish.

That's why we provide each homeowner with a 10-Year Transferable Structural Warranty and build every home against a set of strict Whole Home Building Standards. You can rest easy knowing that your home is built to last, and should any construction defects appear in your first 10 years, we'll fix them without hesitation.

Overview

City
Indianapolis
County
Marion
School District
Franklin Twp Community Schools
Community Status
Now Selling
Sq. Footage
2,128 - 2,908
Home Types
Single Family Homes

From the North:

  • Take I-465 S / I-69 to Old U.S. 421 W in Indianapolis
  • Take Exit 49 from I-465 S / I-69
  • Take Southeastern Ave, then turn right onto E Hanna Ave
  • Grayson will be on your right

Upcoming Events

See more events  »

The home plan that's right for you

The following plans can be personalized for you and built in this community.

Brooklyn Plan

in Grayson | Indianapolis, Indiana

Starting at $315,990

Bed 3 - 4

Bath 3

Garage 2 - 3

Sq Ft 2,128 - 2,245

Aubrey Plan

in Grayson | Indianapolis, Indiana

Starting at $320,990

Bed 4

Bath 3

Garage 2 - 3

Sq Ft 2,262 - 2,379

Aubrey Plan

in Grayson | Indianapolis, Indiana

Starting at $320,990

Bed 4

Bath 3

Garage 2 - 3

Sq Ft 2,262 - 2,379

Peyton Plan

in Grayson | Indianapolis, Indiana

Starting at $327,990

Bed 4

Bath 3

Garage 2 - 3

Sq Ft 2,388 - 2,508

Juliet Plan

in Grayson | Indianapolis, Indiana

Starting at $337,990

Bed 4 - 6

Bath 3 - 5

Garage 2 - 3

Sq Ft 2,614 - 2,734

Plan Peyton - B

School District Franklin Twp Community Schools

Estimated Move in Date Ready Now

Bed 4

Bath 3

Garage 2

Sq Ft 2,402

Homesite 4

Plan Brooklyn - D

School District Franklin Twp Community Schools

Estimated Move in Date 8/16/2025

Bed 3

Bath 3

Garage 2 ½

Sq Ft 2,139

Homesite 23

Plan Juliet - B

School District Franklin Twp Community Schools

Estimated Move in Date 9/20/2025

Bed 4

Bath 3

Garage 2 ½

Sq Ft 2,614

Homesite 19

Plan Parke - C

School District Franklin Twp Community Schools

Estimated Move in Date 9/20/2025

Bed 5

Bath 3

Garage 2 ½

Sq Ft 2,830

Homesite 9

Aubrey - D Plan

7311 Waylon Way, Indianapolis, IN

in Grayson

Bed 4

Bath 3

Garage 2 ½

Sq Ft 2,376

Homesite 2

Take an Aerial Tour of This New Community

Let's go!

Kitchen

About Our Essential Series Homes

We've taken the guesswork and stress out of the homebuilding process with all of our Essentials Series floorplans available at Grayson. You'll have a selection of professionally curated design packages to choose from as you bring your dream home to life—with ease!

What Does Smart Series Entail?
Construction work consultation with a couple

Why Buy New?

Looking to buy your first, second, or even third home? Choosing between a resale or a new construction but not sure you can afford the latter? Time to consider all the benefits of a new construction home!

New vs. Used Homes
Young woman sitting on the couch on her phone

Get in Touch With Our Team

Just a note, email, or call away, our team of Internet Sales Managers are local to Indianapolis Metro and know the ins and outs of this community. They're here to answer all your questions and guide you through the next steps to homeownership. Get in touch when you're ready!

What to Expect When You Talk to An Internet Sales Manager
Lifestyle

New Home Financing Experts in Your Corner

Our in-house lenders assess your financial situation to get you the best rate and loan program possible. Even though you can finance your home with whomever you wish, choosing M/I Financial, LLC makes the buying and communication process as seamless as possible.

The M/I Financial Difference
Indianapolis Skyline

Perks of Living in Indianapolis Metro

Just southwest of Indianapolis, the Franklin Township suburb offers an amazing school system, affordable living, and a family-focused community that’s perfect for your forever home.

Learn More
  • Testimonial
    The Engels Family, Happy Homeowners Indianapolis, Indiana
    Working with the entire team at M/I Homes has been a great experience! Every part of the home buying process has been seamless. They have responded quickly to any questions we have and have been proactive in giving us updates.
  • Speech Bubble
    Bolingo K, Happy Homeowner Indianapolis, Indiana
    M/I financial representatives was friendly, good communication and explained to me everything.
  • Speech Bubble
    Ashlynn H, Happy Homeowner Indianapolis, Indiana
    Caleb and Drew were so great to work with. I felt like they were both very personable and professional!
  • Speech Bubble
    Erica S, Happy Homeowner Indianapolis, Indiana
    Process was very easy and super happy with M/I

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