Lakewood Homes under $500,000

Welcome to Lakewood, a charming and vibrant subdivision nestled in the heart of Tennessee. Just a stone's throw from Nashville, this picturesque community offers a perfect blend of suburban tranquility and urban convenience. Lakewood is known for its lush landscapes, serene lakes, and a welcoming atmosphere that makes it an ideal place for families, professionals, and retirees alike.

One of the standout features of Lakewood is its diverse range of homes, especially for those seeking affordable options under $500,000. Here, you’ll find a variety of architectural styles, from cozy ranch homes to contemporary two-story residences, each designed to cater to different tastes and lifestyles. The homes in Lakewood are not just budget-friendly; they also boast spacious layouts, modern amenities, and beautifully landscaped yards, making them perfect for both entertaining and relaxing.

Living in Lakewood means enjoying a wealth of recreational opportunities. Residents can take advantage of nearby parks, walking trails, and, of course, the stunning lakes that offer fishing, kayaking, and picnicking spots. The community is also conveniently located near shopping centers, dining options, and excellent schools, ensuring that everything you need is just a short drive away.

In Lakewood, you'll find a vibrant community spirit with various events and activities throughout the year, fostering a sense of belonging among neighbors. Whether you're looking for your first home, a place to downsize, or an investment opportunity, Lakewood's homes under $500,000 provide an exceptional value in a desirable location. Come experience the charm of Lakewood—your dream home awaits!

Newest Lakewood Homes under $500,000

$135,000

2 Beds ⋅ 1 Baths ⋅ 854 SqFt. ⋅ 1350920 MLS ⋅ ACTIVE Status

Discover the perfect blend of lake living and mountain convenience with this beautiful homesite in a private community on Douglas Lake. Enjoy seasonal lake views, access to a private community boat ramp, and convenient Douglas Lake access for boating, fishing, and recreation. Ideally located just minutes from Dollywood, Pigeon Forge, Gatlinburg, shopping, dining, and the Great Smoky Mountains, this property offers an excellent opportunity to have as a vacation retreat, or investment property in one of East Tennessee's most desirable areas.

743 Fairgarden Circle, Sevierville

$285,000

2 Beds ⋅ 1 Baths ⋅ 1,700 SqFt. ⋅ 3312760 MLS ⋅ ACTIVE Status

Welcome to your opportunity to own an affordable Tennessee River retreat with water access, lake views, and endless possibilities. Situated on two parcels totaling approximately 0.74 acres in the peaceful lake community of Sale Creek, this unique property offers an existing home, private dock, and room to create your ideal waterfront lifestyle. The 2-bedroom, 1-bath home with a basement sits on approximately 0.58 acres, elevated to capture beautiful water views while offering privacy and space to relax or expand. The basement provides excellent storage for boats, kayaks, fishing gear, or workshop space. Utilities are already in place with a well servicing the home and city water available, making this property ready to enjoy as a full-time residence, vacation rental, or future custom lake home. Just across quiet Lakewood Drive, the additional 0.16-acre waterfront parcel features a private dock in a protected inlet with reliable summer water levels and direct access to the Tennessee River. Spend your days boating, kayaking, paddleboarding, fishing, or simply relaxing by the water. There's plenty of room to create an outdoor entertaining area with a fire pit, picnic space, storage building, or future boathouse. This is the perfect summer vacation home for water enthusiasts or a peaceful year-round retreat for nature lovers who want to enjoy the beauty of the Tennessee River every season. By water, you're just a short ride to Chester Frost Park, Chickamauga Lake, and Sale Creek Recreation Area, while remaining conveniently located only 20 minutes from Soddy-Daisy and Dayton and 45 minutes from downtown Chattanooga. Properties offering a home, basement, private dock, water access, lake views, and two separate parcels are increasingly rare. Enjoy the home as it is, renovate it into your dream lake cottage, or build your custom waterfront retreat. Property includes parcels 016OB025 and 016OA006 (both sides of Lakewood Drive).

16211 Lakewood Dr, Sale Creek

$474,000

5 Beds ⋅ 4 Baths ⋅ 3,720 SqFt. ⋅ 3128978 MLS ⋅ ACTIVE UNDER CONTRACT Status

Located in the highly desirable Lakewood Subdivision, this beautiful 3,778 square foot, 5-bedroom, 3.5-bath home offers space, quality, and a layout designed for comfortable living. With two primary suites, it's ideal for multi-generational living or anyone who loves extra room to spread out. The main level was expanded and completely updated in 2008 and features stunning black walnut hardwood floors, an open floor plan, and a gorgeous mountain stone gas log fireplace that creates a warm and inviting focal point. The oversized family room with plantation shutters flows beautifully into the formal living and dining areas, making this the perfect home for entertaining. The updated kitchen includes granite countertops, stainless steel appliances, updated lighting, and a bar area for gathering. Step outside to the spacious side deck — ideal for hosting friends, grilling out, or enjoying a quiet evening. The primary suite serves as a private retreat featuring a newer luxury shower, jetted tub, commode, vanity, updated flooring, and added storage cabinets. Additional highlights include three HVAC units, newer windows, fresh paint, a sprinkler system, and a 3-car garage. Lakewood residents enjoy wonderful amenities including a basketball court, playground, and three fishing ponds. Conveniently located close to schools, shopping, restaurants, and the hospital, this is a must-see home that offers comfort, space, and a lifestyle you'll love.

2415 Yellowood Ct Nw, Cleveland

$429,900

3 Beds ⋅ 3 Baths ⋅ 1,937 SqFt. ⋅ 3045531 MLS ⋅ ACTIVE UNDER CONTRACT Status

ATTENTION GOLFERS…Within Cart or Walking Distance to Golf Course! This 3bdrm/3bath (1937sqft) 1 Level RANCH Style Home w/Basement sits on 2 LOTS @ Cul-de-sac. FEATURES…~2-Car Garage on Main Level (Could Easily Be Converted To Large Family Room…Already Drywalled) ~2-Car Garage in Basement ~Original Hardwood Floors ~Large Open Kitchen w/Appliances, Custom Cabinets, Island & Dining Nook ~Formal Living Rm w/Built-ins, Vaulted Ceiling & Beams ~Updated Primary Bathroom w/Walk-in Shower (2020), Walk-In Closet ~Washer & Dryer on Main Level ~20x26 Rec Rm in Basement w/Full Bath, Murphy Bed & Custom Wet Bar (Lots of Possibilities for a Teen Suite or In-Law Suite) ~HVAC (2008) ~Roof (2017) ~Covered Backporch connected to POOL ~Covered Front Porch ~Lots of Paved Parking (Up & Down) *Choice (ULTIMATE) Home Warranty Offered by Seller*

2862 Hillcrest Dr, Centerville

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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.

Lakewood Homes under $500,000

Newest Lakewood Homes under $500,000

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