9 Homes Under $500K on the Michigan Market

Looking for a steal in Michigan’s real estate market? We’ve curated a list of nine homes that offer exceptional value, all priced under $500K. Find your ideal home without stretching your budget. Make sure to check them out!


LOT 14 Burgess Dr, White Lake, MI
Listing agent: Mike Snearly

Build your new waterfront dream home! Here’s a beautiful lakefront lot on all sports spring fed Cedar Island Lake. The lot is .26 acre with 56 feet of lakefront footage. It’s in a great sub with million dollar homes. There’s a park for kids with a basketball hoop and a pickle ball court across the street.


Size: 0.26 acres


Price: $300,000


Listing details: The association organizes many events including the Fourth of July Fireworks on the lake and various parties throughout the year. Start planning your new home today. It doesn’t get much better than this.


Contact: Mike Snearly, RE/MAX, +1 248.761.2054

19911 STRATFORD RD | $450,000

19911 Stratford Rd, Detroit, MI
Listing agent: Darryl Sanders

Located in the historic Woodward subdivision, this stunning 1929 two-family dwelling captivates with its exquisite architectural details. The exterior showcases a two-story tower enveloped in Castel stone, complemented by an arched lead glass entrance door. The perfect blend of brick and castle stone finish accentuates the grandeur of this home, while a large lead-in casement picture medieval window, framed with timber, adds a touch of elegance.


Size: 4,147 sf


Price: $450,000


Listing details: Nestled on a double lot professionally landscaped, this property offers an oasis of tranquility. A detached three-car garage provides ample space for vehicles and storage. As you walk through the arched entryway, you enter an elaborate foyer with flowing 12” marble flooring that exudes sophistication. The kitchen has been thoughtfully updated with cognac brown cabinets, granite counter tops, and 12” marble flooring.


Contact: Darryl Sanders, Treasure Homes, +1 248-423-3700


738 Briarcliff Dr, Grosse Pointe Woods, MI
Listing agent: Adrianna Merritt

Experience the essence of Grosse Pointe Woods as your new neighborhood to call home! Step into a world of timeless elegance with this 4-bedroom, 2.5-bathroom colonial gem. Original hardwood floors, patiently awaiting their reveal beneath carpeted bedrooms and the main floor.


Size: 3,408 sf


Price: $375,000


Listing details: This home offers a ton of potential, just a little TLC to allow you to infuse your own personal touch and create the updates of your dreams. With a completed Certificate of Occupancy with only minor repairs that have been addressed and re- inspected before closing, move-in readiness is assured.


Contact: Adrianna Merritt, Realteam Real Estate, +1 313.701.9335


212 Deerfield Ct, Buckley, MI
Listing agent: Sharon Reid Brown

200 ft. Lake Gitchegumee frontage with this newer 3 br. 2 bath home on a corner lot. Peaceful setting with much wildlife. Deer, Turkey, Fox and Bald Eagles soring overhead. Plenty room for an Attached garage or Pole Bldg.


Size: 1,280 sf


Price: $395,900


Listing details: Open floor plan with large Island kitchen with appliances. Just minutes to thousand of acres of State land and the Manistee River but yet 20 minutes south of Traverse City.


Contact: Sharon Reid Brown, Bayside Realty, +1 231.632.6260


Vl Silver Vista Ln Lot C, Mears, MI
Listing agent: Justin Goodenough

The Best View of Silver Lake, Lake Michigan, & The Silver Lake Sand Dunes awaits. This view is second to none. Come see for yourself! The elevation on this lot is truly amazing.


Size: 2.29 acres


Price: $145,000


Listing details: Text or call for a showing. Listing Agent is owner and licensed realtor in state of michigan.


Contact: Justin Goodenough, Bellabay Realty, +1 269.200.7247

1071 WOODRUFF LAKE DR | $99,900

1071 Woodruff Lake Dr, Highland, MI
Listing agent: C Michael Krecek

Fabulous Lakefront Opportunity! One of the last lake lots available in Oakland County, beautiful and affordable! Buildable lot with plans in place for a 1750 sq ft house and attached garage.


Size: 0.3 acres


Price: $99,900


Listing details: Vacant lake lot on private all sports Woodruff Lake with access for neighboring association members only.


Contact: C Michael Krecek, Independent Broker Network LLC, +1 989.430.2080

80 WASHINGTON ST #10 | $345,000

80 Washington St #10, Manistee, MI
Listing agent: Kellen Keck & Kurt Dawdy

Welcome to Edgewater! Where luxury meets location, right on the channel, right near downtown Manistee. Entering the condo, as you look through the open concept kitchen and living area, you’re greeted with the panoramic views of the channel and downtown through the 8′ tall windows/door to the balcony.


Size: 1,035 sf


Price: $345,000


Listing details: The kitchen features SS appliances, solid surface ctops, and an island with snack bar that gives way to the dining area and large living room. The views continue in the primary suite, which includes a walk-in closet and private entryway to the large bathroom. In-unit laundry with front-load washer/dryer staying with the condo


Contact: Kellen Keck & Kurt Dawdy, City 2 Shore, +1 616.648.2067, 231-510-4366

7508 NORENE | $440,000

7508 Norene, Hamburg Twp, MI
Listing agent: Mark Riegal

Long time owner is ready to downsize! Own this Lake house! Incredible Southern views of Hamburg Lake (no motors). Very well loved and cared for over the years! Two bedrooms up with a full bath and vanity area. One bedroom on the main level.


Size: 1,482 sf


Price: $440,000


Listing details: Walk out basement leaves lots of possibilities to enlarge living and entertaining space! Metal roof, approx. 5 years old. Super sharp Kitchen is approx. 5 years old! First floor bath room with new shower! Incredible (plastic) deck!


Contact: Mark Riegal, Real Estate One, +1 734-718-6176


24360 Leelanau Ln, Brownstown, MI
Listing agent: Lisa Sobell

Welcome to this charming Del Webb home situated on a spacious corner lot, offering a perfect blend of comfort and convenience. This home has 2 bedrooms, 2 full bathrooms, and a well-designed floor plan spanning 1735 square feet, this immaculate residence exudes both elegance and functionality.


Size: 1,735 sf


Price: $405,000


Listing details: Step inside to discover a thoughtfully crafted interior featuring a seamless flow between the living spaces, creating an inviting atmosphere for relaxation and entertainment. The heart of the home is the open-concept living area, highlighted by a cozy fireplace and ample natural light that floods the space.


Contact: Lisa Sobell, Real Estate One, +1 734.934.6148