5540 Aspen Wood Lane, Indianapolis, IN 46239

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Ready date:: July 16, 2026

Price: $329,080 ( ) Estimate Your Monthly Payment

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Sagebrook West

10715 Mangrove Drive
Indianapolis, IN 46239

Mon: 12:00PM - 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

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square feet 1,495
stories 1
bedrooms 2
full bathrooms 2
half bathrooms 0
garages 2 (Front Load)

City: Indianapolis, IN
Owner's Suite: First Floor
County: Marion
Home Type: Villa
School District: Franklin Twp Community Schools
Foundation Type: Slab
Home Plan: Bella Vista
Homesite: 8301
Base Plan Width & Depth: 35.83 x 65

Part of the Villas Hide

Part of the Villas

Take advantage of all the benefits that main-level living has to offer with a new-build villa home, which includes a covered veranda, an optional bonus room, and more!

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2-Bed, 2-Bath Villa for Sale in Indianapolis, IN

Welcome to 5540 Aspen Wood Lane, Indianapolis, Indiana — a stunning new construction home built by M/I Homes. This thoughtfully designed home offers 1,495 square foot of well-planned living space, featuring 2 bedrooms, 2 full bathrooms, and a convenient owner's bedroom located on the main level.

Step inside to discover an open-concept living space that creates a seamless flow throughout the home, perfect for everyday living and entertaining. The quality of design is evident in every detail, from the carefully selected finishes to the functional floorplan that maximizes comfort and usability.

This home features the following:

1,495 square foot of living space
Owner's bedroom conveniently located on the main level
2 bedrooms and 2 full bathrooms
Open-concept living space for seamless entertaining and daily living
2-car garage

Situated in a welcoming neighborhood with easy access to nearby parks and green spaces, this peaceful setting is ideal for outdoor recreation and relaxation while still offering everyday comfort and convenience.

This home reflects the attention to detail and quality construction that M/I Homes is known for. With its practical floorplan and desirable main-level owner's bedroom, this home delivers a comfortable living experience designed to suit a variety of lifestyles. Every element has been crafted with care, offering a space you can truly make your own through personalization and personal touches.

About the Community

Sagebrook West in southeast Indianapolis offers new single-family homes and low‑maintenance ranch villas in a peaceful Franklin Township setting. Surrounded by wooded and pond-view homesites, the community provides a quiet atmosphere with quick access to major routes and Downtown Indianapolis. Homes feature thoughtful, modern designs suited for a range of lifestyles, from spacious two-story plans to easy-living villas with outdoor spaces and included exterior maintenance. Walking trails, a playground, pond views, and a picnic shelter create inviting places to relax and connect close to home. Located within the Franklin Township Community School Corporation, the neighborhood offers families access to highly regarded schools. With nearby parks, golf, dining, and entertainment, Sagebrook West blends natural beauty, convenience, and a comfortable everyday lifestyle.
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Sagebrook West

10715 Mangrove Drive
Indianapolis, IN 46239

Mon: 12:00PM - 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

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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 rate.* Savings and incentives vary per home.

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Floorplan Options for Your New Home

The Bella Vista accommodates a variety of household living arrangements with its highly desired flexibility and modern design. Explore the many possibilities in the popular Bella Vista plan.

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5540 Aspen Wood Lane, Indianapolis, IN 46239

Sagebrook West