Lake Park Homes under $500,000

Welcome to Lake Park, a serene and picturesque subdivision nestled in the heart of Tennessee! This charming community offers an idyllic blend of natural beauty and modern living, making it a perfect choice for families, retirees, and everyone in between. With its lush landscapes and tranquil lakes, Lake Park is designed for those who appreciate the great outdoors while enjoying the conveniences of contemporary life.

One of the standout features of Lake Park is its commitment to affordability without compromising on quality. Homes in this delightful subdivision are available for under $500,000, making it an attractive option for first-time buyers and seasoned investors alike. Whether you’re looking for a cozy single-family home or a spacious residence with room to grow, Lake Park has a variety of options to suit your needs and budget.

Imagine waking up to the gentle sounds of nature, sipping your morning coffee on a charming porch, and enjoying the stunning views that Lake Park has to offer. With community amenities such as walking trails, parks, and recreational areas, residents can easily stay active and engaged. Plus, the proximity to local shopping, dining, and entertainment ensures that you’ll never be far from the action.

Experience the best of Tennessee living in Lake Park, where affordability meets charm and community spirit thrives. Come discover your dream home today, and be a part of this welcoming neighborhood that feels just like home!

Newest Lake Park Homes under $500,000

$350,000

3 Beds ⋅ 2 Baths ⋅ 1,200 SqFt. ⋅ 1358356 MLS ⋅ ACTIVE Status

Homes in 37934 at this price point are rare! This 3 bedroom, 2 bath ranch offers easy one-level living on a large, private cul-de-sac lot with a fully fenced backyard. Inside, you'll find fresh updates - including new LVP flooring, new carpet, an updated kitchen with stainless steel appliances and a newer HVAC unit (2024). The spacious eat-in kitchen opens to a sunroom and deck, providing extra space to relax or entertain. Enjoy being just 1.5 miles from Anchor Park and the lake, with convenient access to the greenway and shopping at Turkey Creek. Zoned for Farragut schools, this refreshed home is move-in ready and waiting for you to make it your own.

715 Lake Mill Lane, Knoxville

$407,000

3 Beds ⋅ 2 Baths ⋅ 1,652 SqFt. ⋅ 3603538 MLS ⋅ ACTIVE UNDER CONTRACT Status

This '70s gem, designed by architect William Edward Mims, is tucked at the end of a quiet cul-de-sac in Lake Park. The 3-bedroom, 2-bath treehouse-inspired retreat pairs laid-back 1970s soul with thoughtful updates. Inside, find a statement fireplace, a cozy loft, and a kitchen with views of the backyard trees. Outside, an expansive deck, rustic screened porch, hot tub, and fire pit set the stage for a backyard that has hosted garden parties and acoustic concerts. A two-car detached garage adds room for boats, bikes, or a workshop. As the seller says, "this house has excellent mojo with a variety of indoor and outdoor dwelling spaces!" Terrific additional storage area in the walk-in crawl space. Nature lovers, bring your paddle boards, boats and bicycles! This home is minutes from Hamilton Creek Park, with its sailing and paddle marina, boat launch, and miles of wooded mountain bike trails. Cook Recreation Area and Seven Points, with its swim beach and two-lane ramp, are a short drive via New Hope Road. Long Hunter State Park rounds out the hiking options. Fun fact: Architect William Edward Mims was a recognized Taliesin Fellow and trained in Frank Lloyd Wright's legendary organic architecture apprenticeship program.

532 New Castle Ln, Hermitage

$359,900

4 Beds ⋅ 3 Baths ⋅ 2,424 SqFt. ⋅ 3601484 MLS ⋅ ACTIVE UNDER CONTRACT Status

Great value at just $148 per sq. ft.! Cape Cod on a half-acre lot with easy access to I-40 and just minutes from the lake. Features 4 bedrooms with hardwood floors, oversized 2-car garage, rear turnaround driveway, fenced backyard, 2021 HVAC, tankless water heater, and three washer/dryer connections in the garage. Plenty of space and potential to make it your own. Property is eligible for $15,000 lender grant for buyers using a Conventional. Ask listing agent for details. Ask listing agent for details. Sold AS IS, WHERE IS.Under contract sale of home contigency seller accepting back up offers.

4059 Lake Pkwy, Hermitage

$249,929

3 Beds ⋅ 2 Baths ⋅ 1,543 SqFt. ⋅ 3546438 MLS ⋅ ACTIVE Status

Beautiful private lake home located in the Cumberland Plateau. Fish from your own dock in your own backyard. Established landscaping includes live Oaks, Japanese maples, and Loxx, fruit and pine trees, and plenty of shade to enjoy! The community offers two private Lakes, a playground, and a sports field with a covered pavilion for all residents use. Walking up to this ranch style home reveals a spacious covered porch that wraps around half of the house, ready to enjoy anytime of the year. Every room has been updated. Walking into the foyer, you find the open living and dining area. You have vaulted ceilings with beams, plenty of natural light from the windows, smart locks, and more updates, including fresh paint, HVAC, and a new generac genterator to name a few. Off the foyer are your three bedrooms and two bathrooms. The primary bedroom has his/her closets and a private ensuite. The other end of the home also includes an office that could also be a fourth bedroom, followed by the kitchen with new smart, stainless steel appliances, a pantry area, and your laundry area with extra storage. Off the dining area is also access to your screened-in porch overlooking the water. You also have a carport and a detached garage that's great for a workshop. This home should pass every loan option. Extra details in docs. 1 year home warranty for peace of mind.

980 Sharon Cir, Crossville

$439,900

4 Beds ⋅ 3 Baths ⋅ 2,594 SqFt. ⋅ 3546649 MLS ⋅ ACTIVE Status

Split Foyer with 4 bedrooms and 3 baths. Separate Dining room and Living room. Kitchen has lots of cabinets with new stainless-steel appliances. Downstair has bedroom, den, bath plus 2 car garage. Covered deck and covered front porch. Outside gazebo and storage building. New floors upstairs and down laminate. Tile floors in the bathrooms. Some painting, ceiling fans, new lighting in kitchen, 2 fireplaces. Wooded private lot, fenced. Repaired steps to deck Convenient to the Airport, Nashville and MT. Juliet

5907 Port Anadarko Trl, Hermitage

$249,929

3 Beds ⋅ 2 Baths ⋅ 1,543 SqFt. ⋅ 1355146 MLS ⋅ ACTIVE Status

980 Sharon Circle, Crossville

Start Your Search

Equal Housing Opportunity. All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. All content Copyright 1998-2026 Great Smoky Mountains Association of Realtors. All rights reserved. Last updated .

Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.

Lake Park Homes under $500,000

Newest Lake Park Homes under $500,000

How much is your home worth?

How much is your home worth?