Lexington Homes under $500,000

Lexington Homes under $500,000

Welcome to Lexington, Texas – a hidden gem nestled in the heart of Lee County! This charming city is known for its rich history, friendly community, and picturesque landscapes, making it the perfect place to call home. With a population that embraces the warmth of Southern hospitality, Lexington offers a delightful blend of small-town charm and modern conveniences.

As you explore this vibrant community, you’ll discover a variety of local shops, delicious eateries, and beautiful parks that invite you to enjoy the great outdoors. The city is also conveniently located near major highways, providing easy access to larger urban centers while maintaining a peaceful, rural atmosphere.

For those looking to plant roots in Lexington without breaking the bank, you’re in luck! The real estate market here boasts a range of beautiful homes priced under $500,000. From cozy cottages to spacious family homes, there are options to suit every taste and lifestyle. Whether you’re a first-time homebuyer, a growing family, or someone looking to downsize, you’ll find an array of properties that offer both comfort and value.

Imagine enjoying the serene surroundings of Lexington while having access to all the amenities you desire. With its affordable housing options and welcoming community, Lexington is not just a place to live; it’s a place to thrive. Come discover your dream home in this enchanting Texas town, where the spirit of community and the beauty of nature await you!

Newest Lexington Homes under $500,000

809 N Main St, Lexington
$190,000
2 Beds ⋅ 2 Baths ⋅ 8586473 MLS ⋅ 78947 Zip Code
Nice 1,412 sqft. 2/2 pier and beam home on Main Street Lexington of bygone days, not on the busy main street that’s now used to travel through town! Just off of the square in Lexington, it’s conveniently located within walking distance of all three LISD campuses, Lexington City Hall, The Post Office, several churches, retail shopping and is perfectly situated to enjoy the beautiful Christmas tree at the Log Cabins during Christmas and is a quick walk back to the house during Homecoming in May! This 100+ year old (updated) cedar-wrapped home sits on a quiet street, on a nice-sized lot with a huge back yard and features open rooms with tons of windows for natural light, an open-concept Kitchen, Living and Dining area and a really nice closed-in back porch sunroom with rows of windows and original bead-board ceiling for a touch of nostalgia There’s also a two-bay covered carport, a storage shed and a small fenced-in area for pets.

809 N Main St, Lexington
913 7th St, Lexington
$285,000
3 Beds ⋅ 2 Baths ⋅ 1474731 MLS ⋅ 78947 Zip Code
Peace and quiet in small town America. Country living at its best. - Recently updated country style home - Primary bath and kitchen updated as well as back porch enclosed to make a spectacular cozy retreat.

913 7th St, Lexington
414 Avenue F, Lexington
$145,000
3 Beds ⋅ 2 Baths ⋅ 9247363 MLS ⋅ 78947 Zip Code
3/2 manufactured home, freshly painted inside and out, situated on a nice lot in Old Town Lexington. The property features a fenced backyard and an open-concept living, dining, and kitchen area, creating a spacious and functional layout. Come take a look today!

414 Avenue F, Lexington
204 N Rockdale St, Lexington
$182,000
3 Beds ⋅ 2 Baths ⋅ 6113419 MLS ⋅ 78947 Zip Code
Fixer upper allowing for personal choices! Cute 3/2 brick home in town, not quite move-in ready, but what a deal! With just a little time and investment you could make this your dream home in this ideal location! Here are the details: large kitchen with lots of cabinets and granite countertops, stacked Austin stone fireplace in spacious den, separate utility room, large backyard with covered patio and nice trees. two storage buildings. Home was renovated in 2018 but is in need of some repairs at this time, including new HVAC unit and new flooring in bedrooms and guest bath. Priced to sell well below tax value. Would be perfect for investor/builder to add finishing touches and resell or rent out.

204 N Rockdale St, Lexington
1015 Fm 112 Rd, Lexington
$354,000
3 Beds ⋅ 2 Baths ⋅ 3402912 MLS ⋅ 78947 Zip Code
Enjoy the perfect blend of country living and convenience at 1015 FM 112 in Lexington, Texas! Situated on 2.301 beautiful acres, this updated 3-bedroom, 2-bathroom home offers 2,751 square feet of comfortable living space with room for everyone. The spacious fenced backyard is ideal for pets, children, and outdoor entertaining, featuring a large shade tree that creates the perfect gathering spot for family and friends. Inside, you’ll find updated finishes throughout, and the sellers are including brand-new granite countertops currently in storage, ready for the next owner to install and personalize the kitchen. A unique enclosed garage provides flexible space that could serve as a game room, hobby room, home gym, or dedicated pet area, complete with a dog door leading outside. The property also includes a storage shed and a barn that’s perfectly suited for show projects, livestock, horses, or additional storage. Experience the peace and privacy of country living while being just a 3-minute drive from Peterson’s Grocery Store and other Lexington conveniences. Whether you’re looking for a family home, hobby farm, or a place to enjoy wide-open spaces, this property offers endless possibilities.

1015 Fm 112 Rd, Lexington
1471 County Road A, Lexington
$475,000
3 Beds ⋅ 3 Baths ⋅ 1264645 MLS ⋅ 78947 Zip Code
Discover your own private slice of Texas countryside on 10 beautiful acres just outside of Lexington. This 3-bedroom, 2.5-bath home offers the perfect blend of comfort, functionality, and outdoor living. The mostly flat acreage is ideal for a variety of uses, featuring a scenic pond, established trails winding throughout the property, and plenty of open space to enjoy the peaceful surroundings. Whether you're looking for room to roam, recreational opportunities, or a place to simply enjoy country living, this property delivers. The home is equipped with fully paid-off solar panels, providing an energy-efficient feature without the added expense of a solar lease or payment. An electric gate welcomes you at the entrance, offering both convenience and privacy. Imagine spending your mornings overlooking the pond, exploring the trails on your own land, or enjoying the seasonal wildflower meadow that blooms behind the home. With a rare combination of usable acreage, modern amenities, and country charm, this property offers the lifestyle many dream of but few find. Conveniently located within reach of Lexington, Bastrop, Taylor, and College Station, this property provides the space and freedom of country living while maintaining access to nearby amenities.

1471 County Road A, Lexington
1250 Fm 112, Lexington
$269,000
2 Beds ⋅ 2 Baths ⋅ 3679463 MLS ⋅ 78947 Zip Code
Come take a look at this charming 2-acre 2/2 Brick home with nice size workshop located just outside of town with no city taxes. This solid brick home features 2 bedrooms, 2 bathrooms, and an attached 2-car garage. Home includes a cozy living room, Kitchen with breakfast bar, Dining room with built in cabinets and large laundry room. A spacious 960-square foot workshop with electricity is located behind the home, offering plenty of room for projects, storage, or hobbies. Partially fenced. Come take a look at this beauty today. The property is being sold as-is, and the current non-realty items in the home can convey with the sale. Don't miss this opportunity to own a great property with room to spread out while still enjoying convenient access to town. Schedule your showing today!

1250 Fm 112, Lexington
9262 N Highway 77, Lexington
$300,000
4 Beds ⋅ 2 Baths ⋅ 4738044 MLS ⋅ 78947 Zip Code
LEXINGTON FIXER-UPPER / HANDYMAN SPECIAL WITH STRONG EQUITY POTENTIAL This property offers excellent opportunity for the savvy buyer, investor, contractor, or anyone willing to invest in renovations. Bring your vision and create instant equity in this centrally located Lexington home. Perfect for cash buyers looking for a solid project with great upside. This 4-bedroom home is located on the north side of Lexington, Texas, on a nearly 2-acre lot with frontage along US-77. The property offers highway access and visibility if commercial use is desired. The home features a large living room with steps leading to the dining room, which has hardwood floors. It is in fair condition and needs cosmetic updates. Additional features include an oversized garage, a large sunroom, and a wood deck at the rear of the house. The backyard contains many trees and provides ample outdoor space. Photos edited to remove clutter from tenant. This property is suitable for residential or commercial use. Call today for more information or to schedule a showing. The property next door is also for sale at 9278 N. Hwy. 77 has 2 bedrooms, 1 bathroom, and 2 acres. It could serve as a guest house or additional commercial space.

9262 N Highway 77, Lexington
312 Holcombe Dr, Lexington
$298,000
3 Beds ⋅ 2 Baths ⋅ 6275628 MLS ⋅ 78947 Zip Code
Welcome to 312 Holcombe Drive in the heart of Lexington, TX! This beautifully renovated 3-bedroom, 2-bath home was updated in 2023 and offers the perfect blend of comfort, space, and convenience. Inside, you’ll find a functional layout with an oversized second living area that makes an ideal home office, playroom, or media space. Step outside to enjoy a large, fully fenced backyard—perfect for entertaining, pets, or simply relaxing—along with a covered garage for added convenience. Located just minutes from Lexington ISD and only a short drive to local favorites, this home puts you right where you want to be. If you’ve been looking for a move-in ready home with extra space in a prime in-town location, this one checks all the boxes!

312 Holcombe Dr, Lexington
1110 Caldwell, Lexington
$349,500
3 Beds ⋅ 2 Baths ⋅ 1802773 MLS ⋅ 78947 Zip Code
Brand New Build on two city lots! On trend, crisp black and white, 3/2 - 1,400 sqft. Barndominium, showcased against newly planted, bright-green sod and new, wood perimeter fencing with 24’x24’ detached carport that has 190 sqft. of enclosed storage, all on just over a half acre in New Town Lexington. A broad front porch (10’x40’5”), just right for a set of rocking chairs to enjoy early-morning coffee and nice seating areas, great for winding down and watching the sun set, welcomes you to step inside the glass-front door opening into a brightly-lit, open-concept area, showcasing high ceilings and an Eat-In Kitchen featuring; custom-wood cabinetry, stone countertops, stainless appliances, decorative lighting, a massive walk-in pantry and a half-glass back door leading to a carport that’s ideal for expanding the outdoor living/dining when needed. Inside, the hallway has a HUGE laundry closet with lots of vertical storage, an equally roomy linen closet and leads to two nice-size bedrooms with a shared bath and a Primary Bedroom with walk-in closet and a large, En-suite Bath featuring; high ceilings, natural lighting, a vanity big enough for two and a custom-tiled, walk-in shower. Thoughtful build, maximizing every inch of space inside and out, with bonus outdoor space to expand!

1110 Caldwell, Lexington
517 Giddings St, Lexington
$245,000
3 Beds ⋅ 1 Baths ⋅ 1443134 MLS ⋅ 78947 Zip Code
***$20,000 towards home repairs if under contract before July 31st!***Charming 100-year-old home on 2 acres in Lexington, TX — a true fixer-upper with tremendous potential. This property sits on nine separate lots, offering rare development or subdivision opportunities for an investor, or expansive outdoor space for a buyer who wants to restore historic character. The house needs remodeling, making it ideal for someone who wants to customize a vintage home or capitalize on the land value. Mature trees, generous yard space, and a peaceful small-town location add to the appeal. Just two streets away from texas famous Snows BBQ. Perfect for: DIY homeowners looking for a restoration project or investors seeking a subdividable parcel in a growing market. No restrictions. There is a drainage easment in place and the very back of the property is being upgraded to allow for better drainage. The back acre will be restored, grass will be planted, fence will be put back up long the entire perimeter and all equipment will be removed. All additional structure on the property will convey. The 2 red shed are newer and in good condition, the other 2 sheds and old outhouse are tear downs. the pole barn in the back is also a tear down.

517 Giddings St, Lexington
1196 Sherrill Ln, Lexington
$449,000
3 Beds ⋅ 2 Baths ⋅ 5531431 MLS ⋅ 78947 Zip Code
Custom-built, 3/2 - 1,635 sqft. brick home on three acres, conveniently located a short drive from Austin, Elgin, Bastrop and Taylor in Blue Country Estates, in the small community of Blue,Texas. Out in the country, with city conveniences nearby, this home is set on a thoughtfully-cleared corner lot that maximizes your outdoor living space with scatterings of huge, old-growth oaks providing plenty of shade and scenic views, thoroughly enjoyed from covered front and back porches. The home features; spacious and bright rooms with natural-wood trim, wood paneling and custom cabinetry throughout, an efficient Kitchen with a breakfast bar, tons of custom wood cabinetry for storage and recessed lighting, an open Living/Dining area featuring a vaulted and beamed ceiling and a wood-burning stove on a brick hearth as a focal point that instantly adds warmth and ambience to the gathering space, even when it’s not in use! Bedrooms are bright with nice views from the windows, large closets with shelving and soft, gray carpeting and the Primary Bedroom features an En-suite bath and His/Hers walk-in closets with extra shelving for storage. The large utility found right off of the Kitchen/Dining area, with a huge pantry and attached, neat-as-a-pin, two-car garage round out the home, and a metal storage building with large, garage-door opening, concrete flooring and lots of storage is an added bonus! If you’re looking to get out of the city, but still want to be able to make a quick trip into town, this neat little property on Sherrill Lane could be exactly what you’re looking for!

1196 Sherrill Ln, Lexington
Start Your Search