Lakeland Homes under $500,000

Welcome to Lakeland, a charming subdivision nestled in the picturesque town of Baneberry, Tennessee, within Jefferson County. This idyllic community offers a unique blend of tranquil living and modern conveniences, making it an ideal choice for families, retirees, and everyone in between.

One of the standout features of Lakeland is its affordability, with a selection of beautiful homes available for under $500,000. Whether you’re a first-time homebuyer or looking to settle down in a serene environment, you’ll find a variety of options that cater to diverse lifestyles and preferences. From cozy single-family homes to spacious properties with ample yards, Lakeland promises to meet your needs without stretching your budget.

Residents of Lakeland enjoy a close-knit community atmosphere, where friendly neighbors and a welcoming spirit abound. The area is surrounded by stunning natural beauty, including the sparkling waters of Douglas Lake, offering plenty of recreational opportunities such as fishing, boating, and hiking. With its scenic landscapes and abundant outdoor activities, Lakeland is perfect for those who appreciate the great outdoors.

In addition to its natural charm, Lakeland is conveniently located near essential amenities, including shopping, dining, and entertainment options, ensuring that you have everything you need just a stone's throw away. The combination of affordability, community spirit, and access to nature makes Lakeland a truly desirable place to call home. Come explore this hidden gem in Baneberry, TN, and discover the perfect home for you and your family!

Newest Lakeland Homes under $500,000

$489,000

4,200 SqFt. ⋅ 1357307 MLS ⋅ ACTIVE Status

Located within the picturesque lakefront community that offers a neighborhood dog park, is the perfect balance of mountain seclusion and easy access to local amenities. As you enter you are greeted by an open-concept floor plan. This spacious 3 bedroom, 2.5 bath home features a main level with a living room, den, kitchen, dining room, master bedroom, 2 guest bedrooms, office, and laundry room. With a basement ready to be finished as a game room, gym, dedicated home theater, or anything you can imagine. This home is designed for both quiet evenings and grand entertaining, with a central layout that keeps the conversation flowing. Feel cozy all year with the beautiful stonework around the gas fireplace and wooded views. The master suite features a walkthrough closet and and ensuite bathroom with double sinks. Baneberry is a golf cart friendly community. Taking evening rides to see the sunsets and the many deer that call the area home is a rare find! Information to be verified by buyer. Home is being sold as is.

227 Back Nine Drive, Baneberry

$489,000

3 Beds ⋅ 3 Baths ⋅ 4,200 SqFt. ⋅ 3547200 MLS ⋅ ACTIVE Status

Located within the picturesque lakefront community that offers a neighborhood dog park, is the perfect balance of mountain seclusion and easy access to local amenities. As you enter, you are greeted by an open-concept floor plan. This spacious 3 bedroom, 2.5 bath home features a main level with a living room, den, kitchen, dining room, master bedroom, 2 guest bedrooms, office, and laundry room. With a basement ready to be finished as a game room, gym, dedicated home theater or anything you can imagine. This home is designed for both quiet evenings and grand entertaining, with a central layout that keeps the conversation flowing. Feel cozy all year with the beautiful stonework around the gas fireplace and wooded views. The master suite features a walk through closet and an ensuite bathroom with a double vanity. Baneberry is a golf cart friendly community. Taking evening rides to see the sunsets & the many deer that call the area home is a rare find! Information to be verified by buyer, Home sold as is.

227 Back Nine Dr, Baneberry

$450,000

3 Beds ⋅ 3 Baths ⋅ 2,136 SqFt. ⋅ 1343533 MLS ⋅ ACTIVE Status

Welcome home to this beautifully updated 3-bedroom, 2.5-bathroom home offering 2,136 sq. ft. of comfortable living space. Inside you will find fresh interior paint, an inviting layout, and plenty of room to relax or entertain. The home features a spacious bonus room, perfect for a home office, playroom, media room, or additional living area. The updated primary bathroom adds a modern touch, while the freshly painted exterior and new roof provide both curb appeal and peace of mind. Outside, enjoy a fenced backyard ideal for pets, gatherings, gardening, or simply unwinding outdoors. With thoughtful updates throughout and flexible living space, this move-in-ready home offers comfort, style, and functionality all in one.

3514 E Atherton Lane, Baneberry

$269,500

2 Beds ⋅ 2 Baths ⋅ 1,596 SqFt. ⋅ 3186037 MLS ⋅ ACTIVE Status

Classic ranch home set on a spacious, level lot. This house offers timeless character with hardwood floors, custom cabinetry, and abundant built-in storage. The kitchen features granite countertops and a gas range, while the rear deck overlooks a private, peaceful backyard. An attached garage adds flexibility for parking, storage, or a workshop. Ideally located just minutes from Booker T. Washington State Park and the lake, with easy access to Highway 58 dining and shopping, and only 20 minutes to downtown Chattanooga. Book your showing today! (Information is deemed reliable but not guaranteed. Buyer should verify any information of concern, including but not limited to schools and square footage)

6117 Pythian Rd, Harrison

$474,900

3 Beds ⋅ 2 Baths ⋅ 2,125 SqFt. ⋅ 1316808 MLS ⋅ ACTIVE Status

Tucked away at the end of a quiet cul-de-sac, this home offers exceptional privacy with a nature-friendly backyard that connects to miles of scenic walking paths on the former Baneberry Golf Course. Completely refreshed, it feels like new construction with updated flooring, paint and stain, windows, fixtures, appliances, and a spacious deck designed for entertaining or peaceful relaxation. The bright, open layout features 2,121 sq. ft. of heated and cooled living space with excellent flow and a desirable split-bedroom design for added comfort and privacy. Unwind in the oversized sunroom—large enough to accommodate multiple tables—while enjoying shaded summertime views of the lake cove. Modern upgrades blend seamlessly with generously sized rooms filled with natural light. Step outside to the supersized deck overlooking green space and mature trees, creating an ideal setting for outdoor living and quiet evenings. Conveniently located less than 10 minutes from Interstates 40 and 81, the home offers easy travel in all directions. Public boat launches just 1 and 3.5 miles away. Experience the best of East Tennessee living with nearby shopping, dining, festivals, hunting, fishing, theater, Dollywood, Gatlinburg, Pigeon Forge, and the Great Smoky Mountains. Knoxville is less than 30 minutes away—Go Vols! Fresh, clean, and truly move-in ready, this home is perfectly designed to enjoy for years to come.

3320 Hazelwood Court, Baneberry

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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.

Lakeland Homes under $500,000

Newest Lakeland Homes under $500,000

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