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Community A community is a collection of new construction homes built on homesites by one builder. To learn more about the new construction building process, please visit our Learning Center here: Learn More About The New Home Buying Process! Hot Deal

Grayson

7311 Waylon Way, Indianapolis, IN, 46239

From $314,990 This is the starting price for available plans and quick move-ins within this community and is subject to change.

Monthly HOA fees: $64 HOA stands for Homeowners Association. These fees help maintain and manage shared community amenities and services.

M/I Homes Logo

M/I Homes

  • 3-5 Beds
  • 2 Baths
  • 2-2.5 Car garage
  • 1,615 - 2,802 Sq Ft
  • 9 Quick move-ins
  • 8 Floor plans

Special offers

Explore the latest promotions at Grayson. to learn more!

Financing

Take Advantage of Our 3/2/1 Buydown on a 30-Year Fixed FHA Loan*

For a limited time, increase your home-buying power and decrease your rate through our 3/2/1 buydown with first-year rates as low as 2.25% Rate* / 6.027% APR* on a 30-year fixed FHA loan offered through M/I Financial, LLC—saving you thousands. This offer runs through 11/30/2026.

Savings

Holiday of Homes

Enjoy limited-time, seasonal savings through the end of the year! View our exclusive offers on Quick Move-In and To-Be-Built homes throughout Indianapolis' top neighborhoods and school districts. This offer runs through 12/20/2026.

Hot deal

Good Friends Make Great Neighbors - Limited Time Only - Receive $2,000*

Do you love your M/I Home? Share the experience with friends and family - invite them to become your neighbors and enjoy a special "thank you" from us when they purchase. This offer runs through 11/30/2026.


Community highlights

Community amenities

  • Park

  • Playground

  • Trails

About Grayson

Grayson in Franklin Township offers new single-family homes on the southeast side of Indianapolis, blending suburban comfort with quick access to major city attractions. Set near local parks, dining, and everyday conveniences, the community provides an easygoing lifestyle just 20 minutes from Downtown Indy.The Essential Series features a selection of two-story floorplans with open main-level living, spacious kitchens, and plenty of natural light. A new phase of homesites includes peaceful water views, adding to the neighborhood’s inviting setting.Residents can enjoy nearby recreation such as the 99-acre Franklin Township Community Park, along with popular local restaurants and family-friendly destinations. Located within Franklin Township, Grayson offers a connected, relaxed place to call ...

Grayson in Franklin Township offers new single-family homes on the southeast side of Indianapolis, blending suburban comfort with quick access to major city attractions. Set near local parks, dining, and everyday conveniences, the community provides an easygoing lifestyle just 20 minutes from Downtown Indy.The Essential Series features a selection of two-story floorplans with open main-level living, spacious kitchens, and plenty of natural light. A new phase of homesites includes peaceful water views, adding to the neighborhood’s inviting setting.Residents can enjoy nearby recreation such as the 99-acre Franklin Township Community Park, along with popular local restaurants and family-friendly destinations. Located within Franklin Township, Grayson offers a connected, relaxed place to call home with thoughtfully designed spaces for modern living.

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Community location & sales center
Grayson

Grayson
M/I Homes
7311 Waylon Way, Indianapolis, IN 46239

317-***-****

Sales Agent

Amanda Milan

Hours

Mon 12pm-6pm; Tue-Thu 11am-6pm; By Appointment Only Fri; Sat 11am-6pm; Sun 12pm-6pm


Available homes

Floor plans (8)

Sawyer floor plan

Sawyer

From $314,990

  • 3 Beds
  • 2.5 Baths
  • 2 Gr
  • 1,957 SqFt
  • Floor plan
  • Single family home
Alden floor plan

Alden

From $315,990

  • 3 Beds
  • 2 Baths
  • 2 Gr
  • 1,615 SqFt
  • Floor plan
  • Single family home
Brooklyn floor plan

Brooklyn

From $317,990

  • 3 Beds
  • 2.5 Baths
  • 2 Gr
  • 2,128 SqFt
  • Floor plan
  • Single family home
Ellison floor plan

Ellison

From $319,990

  • 3 Beds
  • 2.5 Baths
  • 2 Gr
  • 1,878 SqFt
  • Floor plan
  • Single family home
Self-tour
Aubrey floor plan

Aubrey

From $322,990

  • 4 Beds
  • 2.5 Baths
  • 2 Gr
  • 2,262 SqFt
  • Floor plan
  • Single family home
Peyton floor plan

Peyton

From $329,990

  • 4 Beds
  • 2.5 Baths
  • 2 Gr
  • 2,388 SqFt
  • Floor plan
  • Single family home
Juliet floor plan

Juliet

From $339,990

  • 4 Beds
  • 2.5 Baths
  • 2 Gr
  • 2,614 SqFt
  • Floor plan
  • Single family home
Parke floor plan

Parke

From $350,990

  • 4 Beds
  • 2.5 Baths
  • 2 Gr
  • 2,802 SqFt
  • Floor plan
  • Single family home

Quick move-ins (10)

3947 Teakmill Trail (Ellison)

3947 Teakmill Trail (Ellison)

$349,990

  • 3 Beds
  • 2.5 Baths
  • 2 Gr
  • 1,879 SqFt
  • Quick move-in
  • Single family home
Self-tour
3929 Teakmill Trail (Aubrey)

3929 Teakmill Trail (Aubrey)

$354,990

  • 4 Beds
  • 2.5 Baths
  • 2 Gr
  • 2,264 SqFt
  • Quick move-in
  • Single family home
3939 Quinn Road (Parke)

3939 Quinn Road (Parke)

$359,990

  • 5 Beds
  • 2.5 Baths
  • 2 Gr
  • 2,802 SqFt
  • Quick move-in
  • Single family home
3942 Quinn Road (Juliet)

3942 Quinn Road (Juliet)

$364,990

  • 4 Beds
  • 2.5 Baths
  • 2 Gr
  • 2,625 SqFt
  • Quick move-in
  • Single family home
7311 Waylon Way (Aubrey)

7311 Waylon Way (Aubrey)

Model home

  • 4 Beds
  • 2.5 Baths
  • 2 Gr
  • 2,376 SqFt
  • Quick move-in
  • Single family home
3933 Teakmill Trail (Juliet)

3933 Teakmill Trail (Juliet)

$367,800

  • 4 Beds
  • 2.5 Baths
  • 2 Gr
  • 2,622 SqFt
  • Quick move-in
  • Single family home
3925 Teakmill Trail (Parke)

3925 Teakmill Trail (Parke)

$369,990 $379,990

  • 5 Beds
  • 2.5 Baths
  • 2 Gr
  • 2,802 SqFt
  • Quick move-in
  • Single family home
3922 Quinn Road (Aubrey)

3922 Quinn Road (Aubrey)

$379,990

  • 4 Beds
  • 2.5 Baths
  • 2 Gr
  • 2,368 SqFt
  • Quick move-in
  • Single family home


Community map for Grayson

Discover the homesites within Grayson and see what homes you can build on each site.


Neighborhood

Community map

Community location & sales center

317-***-****

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Driving directions to sales center

Amenities

Community & neighborhood

Local points of interest

  • The Links Golf Club
  • Milk and Honey Coffeehouse
  • Greatimes Family Fun Park
  • Smock Golf Course
  • Franklin Township Community Park
  • Downtown Wanamaker
  • Franciscan St Francis Health
  • Dakota Landing Golf Course
  • Greenwood Park Mall
  • Wolf Run Park
  • Hanna Haunted Acres
  • Wildwood Park

Health and fitness

  • Trails

Community services & perks

  • Playground
  • Park

Schools near Grayson

Franklin Township Community School Corporation

Public High School

GreatSchools
rating
GreatSchools rating: 9 out of 10

Franklin Central High School

Grades 9 to 12

317-862-6646

6215 S Franklin Rd, Indianapolis, IN, 46259


Class ratio
1:21

Enrollment
3319

GreatSchools ratings are provided by GreatSchools.org and are for reference only. Ratings may not be available for all schools. Please verify school assignments and details with the local school district.


Builder details

M/I Homes

M/I Homes Logo

M/I Homes has been building new homes of outstanding quality and superior design for more than 50 years. Founded in 1976 by Irving and Melvin Schottenstein, and guided by Irving’s drive to always “treat the customer right,” we’ve fulfilled the dreams of more than 170,000 homeowners, and grown to become one of the nation’s leading homebuilders.


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This listing's information was verified with the builder for accuracy 1 day ago