Discover this beautiful new construction home at 5516 Aspen Wood Lane in Indianapolis, IN, thoughtfully built by M/I Homes. Featuring 1,495 square feet of carefully designed living space, this ranch-style home offers both comfort and functionality.
Home Features:
2 bedrooms
2 full bathrooms including a deluxe owner's en-suite
Open-concept living space perfect for entertaining and everyday living
Electric fireplace
Spacious kitchen island
Extended covered veranda
This well-designed home provides a balanced layout that maximizes usability while maintaining a warm, inviting atmosphere. The open-concept design creates a natural flow between the kitchen, dining, and living areas, making it ideal for both relaxing and hosting guests.
The owner's bedroom on the main floor offers privacy and accessibility, with an en-suite bathroom that provides a personal retreat. The second bedroom provides comfortable space for family members, guests, or a home office setup.
Every detail in this new construction home has been thoughtfully considered, from the functional layout to the quality finishes. M/I Homes has created a space that balances aesthetic appeal with practical living.
The home's design incorporates modern elements while maintaining timeless appeal, ensuring your investment remains stylish for years to come. Clean lines and thoughtful architectural details enhance the overall character of this Indianapolis home.
...
New construction
Special offer
$322,200
5516 Aspen Wood Ln, Indianapolis, IN 46239
2beds
1,495sqft
Townhouse
Built in 2025
-- sqft lot
$-- Zestimate®
$216/sqft
$-- HOA
Under construction (available October 2025)
Currently being built and ready to move in soon. Reserve today by contacting the builder.
What's special
Ranch-style homeElectric fireplaceOpen-concept living spaceSpacious kitchen islandExtended covered veranda
This home is based on the Bella Vista plan.
- 57 days
- on Zillow |
- 29 |
- 1 |
Zillow last checked: 16 hours ago
Listing updated: 16 hours ago
Listed by:
M/I Homes
Source: M/I Homes

Travel times
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Interior area
- Total interior livable area: 1,495 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: 1.0
- Stories: 1
Details
- Parcel number: 491604110005094300
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
Condition
- New Construction,Under Construction
- New construction: Yes
- Year built: 2025
Details
- Builder name: M/I Homes
Community & HOA
Community
- Subdivision: Sagebrook West
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $216/sqft
- Tax assessed value: $300
- Annual tax amount: $5
- Date on market: 5/28/2025
About the community
PlaygroundTrails
Discover a limited collection of secluded wooded and pond-view homesites in our newest phase at Sagebrook West. Welcome to Sagebrook West, a community of new construction homes located in the coveted Franklin Township in southeast Indianapolis. Boasting a scenic, natural setting with ponds and trees, an outstanding school district, and stunning single family floorplans available on private wooded homesites, Sagebrook West is the perfect place to settle down in a new home. Learn more about the community, our homes for sale, and the surrounding area of Indianapolis, then reach out to our team to set up your personal tour! Resort-Style Amenities in Your Own NeighborhoodSagebrook West is much more than just a place to live—it's a lifestyle. Envision yourself meeting up with loved ones at the community playground, partaking in serene walks along beautifully maintained trails, enjoying peaceful pond views, or taking a relaxing break at the picnic shelter! Explore the Home Types Available at Sagebrook WestSagebrook West offers new single family homes and low-maintenance ranch villas! So whether you're in the market for your first home, searching for a bigger and newer space for your growing family, or even downsizing, you'll find the perfect plan for your lifestyle in this outstanding community—without the hassle of heavy upkeep. Prestige Series Our luxurious 2-story and ranch-style homes from the Prestige Series are spacious, stylish, and flexible for a variety of lifestyles. These new construction homes are built with quality R-19 Insulation, Zip System Exterior Wall Sheathing, and James Hardie® ColorPlus Cement Siding to guarantee your family a beautiful yet comfortable home that stands the test of time and provides lasting value. You can even build your new home on a site that backs to trees or offers a pond view! Villa SeriesThis community also features low-maintenance, ranch-style villas that are perfect...
Save up to $90,000 on select homes for a limited time only!*
These savings include reduced pricing on Quick Move-In homes with designer selected features and upgrades, paid closing costs, reduced homesite premiums on To-Be-Built homes, and below-market interest rate financing.** Savings and incentives vary ...Source: M/I Homes