Little Elm Homes under $500,000

Welcome to Little Elm, Texas—a charming lakeside community nestled in Denton County that perfectly balances small-town charm with modern conveniences. With its picturesque views of Lake Lewisville and a vibrant local culture, Little Elm is the ideal place for families, young professionals, and retirees alike. Known for its friendly atmosphere and tight-knit community, this town offers a variety of recreational activities, from boating and fishing to hiking and biking along scenic trails.

Little Elm boasts an array of amenities that cater to residents’ needs, including parks, shopping centers, and top-rated schools. The town's commitment to community events, such as the popular Little Elm Arts and Crafts Festival, fosters a sense of belonging and provides opportunities for neighbors to connect and celebrate.

For those looking to settle down in this delightful town, you’ll be pleased to know that there are beautiful homes available for under $500,000. Whether you’re in the market for a cozy starter home or a spacious family residence, Little Elm offers a diverse selection of properties that fit a variety of lifestyles and budgets. From modern new builds to charming established homes, you can find the perfect place to call your own without breaking the bank.

Experience the warmth and vitality of Little Elm, where you can enjoy the beauty of lakeside living while being just a short drive from the bustling cities of Dallas and Fort Worth. Discover your dream home in this welcoming community today!

Newest Little Elm Homes under $500,000

$490,000

4 Beds ⋅ 4 Baths ⋅ 21401590 MLS

Welcome home to this stunning two-story, 4-bedroom, 3-and-a-half-bathroom home, offering an ideal combination of style, comfort, and functional living space. Step inside to an impressive living room with soaring vaulted ceilings, upgraded LVP flooring, and a gorgeous chopped-stone fireplace with a media niche that creates a beautiful focal point. The open-concept kitchen and living area are designed for both everyday living and entertaining, featuring a seamless flow that keeps everyone connected. The spacious primary suite is conveniently located downstairs, providing a private retreat away from the secondary bedrooms. A functional mudroom with built-in cubbies offers the perfect spot to keep shoes, bags, backpacks, and everyday essentials organized. Upstairs, the home continues to impress with plenty of room to relax and entertain. A spacious game room provides flexibility for a playroom, second living area, or recreation space, while the fabulous dedicated media room is ready for movie nights, game days, and entertaining friends. Three additional bedrooms are also located upstairs, including one with its own ensuite bathroom—perfect for guests or family members who appreciate a little extra privacy. Outside, the large backyard offers a blank canvas with plenty of room to create your ideal outdoor living space, whether you envision a play area, garden, outdoor kitchen, pool, or space for weekend gatherings. In the amenity-rich Paloma Creek community, residents can enjoy three clubhouses, four community pools with children's play areas, a dog park, two fitness centers, and a variety of neighborhood events year-round. This home has so much to offer, so come see it for yourself and imagine making it your next home!

1112 Lake Cypress Ln, Little Elm

$499,300

5 Beds ⋅ 4 Baths ⋅ 21401850 MLS

MOTIVATED SELLER - EXCEPTIONAL VALUE! PRICED SIGNIFICANTLY BELOW CURRENT MARKET VALUE - AN OUTSTANDING OPPORTUNITY FOR BUYERS! THIS BEAUTIFULLY MAINTAINED SMART HOME HAS BEEN GENTLY LIVED IN AND METICULOUSLY CARED FOR BY A MATURE OWNERS. IT HAS BEEN LIGHTLY USED AND CONTINUES TO SHOW LIKE NEW. DON’T MISS THIS OPPORTUNITY TO OWN A WELL-MAINTAINED HOME AT AN ATTRACTIVE PRICE! This beautifully designed 5-bedroom, 4-bathroom home offering the perfect blend of space, comfort, and style. Filled with natural light, elegant finishes, and abundant storage, this open-concept home is ideal for both everyday living and entertaining. Energy efficient include spry foam insulation. The private primary suite is conveniently located downstairs along with an additional gust bed room. The gourmet kitchen features a large prep island, 5-burner gas cooktop, walk-in pantry, abundant counter space, and overlooks the inviting family room with a cozy fireplace. A versatile flex space on the main level is perfect for a home office or study. Upstairs includes a spacious game or media room, and three secondary bedrooms with walk-in closets. Two bedrooms share a Jack-and-Jill bath, while an additional ensuite bedroom offers added privacy and functionality. The oversized backyard provides plenty of space for gardening, pets, play, and outdoor gatherings. The community also features a children’s park, scenic ponds, and an upcoming market and office complex conveniently located near the community entrance. Conveniently located in the growing area of Little Elm, this home is close to schools, shopping, dining, and entertainment, with easy access to Lewisville Lake, Little Elm Park, and Hydrous Wake Park. This exceptional home offers luxury, functionality, and an outstanding location. There are shoe covers available at the entrance. Please remove your shoes or use the provided shoe covers while touring the home.

2317 Willow Garden Dr, Little Elm

$320,000

3 Beds ⋅ 2 Baths ⋅ 21398488 MLS

Move-in ready and thoughtfully updated, this Little Elm home has the upgrades buyers are looking for. The remodeled kitchen features quartz countertops, painted cabinetry, and an updated backsplash, open to the main living area which features a built in coffee bar. An updated fireplace adds a cozy spot to unwind on cooler nights. The primary suite was redone with a walk-in shower and an expanded walk-in closet. Out back, the large backyard gives you plenty of room to entertain, garden, or just spread out. The 3-car garage is a big plus, with space for vehicles, storage, or a workshop. The HVAC system was replaced in late 2025, so that's one less thing for the next owner to think about. All of this in a great Little Elm location close to Lewisville Lake, shopping, and dining.

1063 Port Sullivan Dr, Little Elm

$465,000

4 Beds ⋅ 3 Baths ⋅ 21401840 MLS

Your next chapter starts with sunset walks by the lake, evenings around your backyard chiminea, and a home with room for everyday life. At 9808 Denali Drive, this move-in-ready Highland Home pairs thoughtful updates with the outdoor lifestyle that makes Wildridge stand out. Four bedrooms, three baths, and a dedicated study offer flexibility for working from home, hosting guests, or creating a space of your own. The open layout keeps everyone connected, while the primary suite offers a quiet retreat, plantation shutters, elevated ceilings, ensuite bath including dual sinks, a soaking tub, separate shower, and large walk-in closet. Outside, a spacious stamped-concrete patio and custom chiminea set the scene for morning coffee, weekend cookouts, and evenings under the Texas sky. Recent improvements over the past two years include a new roof, fresh gutters, and a recently serviced HVAC—updates you can appreciate from the moment you arrive. Set along Lake Lewisville in Oak Point, Wildridge brings recreation into your daily routine with 7+ miles of trails, fishing ponds, two resort-style pools, multiple parks & green spaces, playgrounds, and lake access for outdoor adventures within a short distance of the home. Head to The Point for waterfront relaxation, explore resident canoe rentals, or join community gatherings organized by a full-time Lifestyle Director. Nearby Little Elm and Frisco expand your options for dining, shopping, and entertainment, with connections to I-35 and the Dallas North Tollway for travel across DFW. Want to explore your buying power? Ask about financing opportunities through preferred lender Meridian Mortgage, including conventional, FHA, VA, and potential down-payment assistance options for qualified buyers. Come experience the home, explore the community, and picture what life on Denali Drive could look like. Schedule your private tour today!

9808 Denali Dr, Little Elm

$450,000

4 Beds ⋅ 3 Baths ⋅ 21396493 MLS

This beautifully maintained 4-bedroom, 3-bathroom home offers a spacious and functional layout ideal for both everyday living and entertaining. The main level features durable and luxurious hardwood flooring throughout the high-traffic areas, creating a warm and elegant feel. The kitchen is a chef’s dream, complete with granite countertops, white cabinetry, a vented gas cooktop, and plenty of storage and prep space. The two-story living room is filled with natural light and showcases a stunning fireplace as the centerpiece. Two bedrooms are located downstairs, including a large master suite with an ensuite bath featuring dual vanities, a soaking tub, and a separate shower. Upstairs, you’ll find two more spacious bedrooms, a second living area or game room, and a full bath—perfect for flexible living arrangements. Additional highlights include walk-in attic access for extra storage, a generously sized 2-car garage with room for a workbench, and a private backyard with a covered patio ideal for relaxing or entertaining guests. Also, lightening rods installed as a safe guard against lightening related fires. Located within walking distance to schools and close to shopping, dining, and entertainment, this home truly has it all.

1317 Thrasher Dr, Little Elm

$360,000

4 Beds ⋅ 3 Baths ⋅ 21400550 MLS

Tucked deeper into Paloma Creek Lakeview near the shores of Lewisville Lake, this 4 bedroom, 2.1 bath home offers 2,452 square feet of flexible living space with thoughtful updates inside and out. A two story entry and curved staircase welcome you inside, while the main level features a dedicated home office, dining area and spacious living room with soaring ceilings, abundant natural light and a brick fireplace. The kitchen features granite countertops, dark cabinetry, stainless steel appliances and a double oven range installed in 2024. Major improvements provide added value with a new roof in 2026, new first floor vinyl flooring in 2025, fresh interior paint throughout most rooms in 2026, newer carpet on the stairs and primary closet, and a new water heater in 2022. The first floor primary suite offers a spacious bath and walk in closet with additional shelving and storage. Upstairs, three additional bedrooms are joined by a second living area and flexible bonus space, providing plenty of room to spread out. Step outside to an expansive cedar covered patio that creates an inviting extension of the living space overlooking a backyard with new sod added in 2026 and an upgraded 8 foot cedar fence. Paloma Creek residents enjoy four resort style pools, fitness centers, parks, playgrounds, trails and more within a community positioned along Lewisville Lake. Convenient access to US 380 keeps everyday shopping and dining nearby while providing easy connectivity toward Frisco and Denton. With major improvements already completed, multiple flexible living spaces and lake life nearby, this home brings together comfort, convenience and an amenity rich lifestyle.

1728 Lake Way Dr, Little Elm

$369,000

4 Beds ⋅ 3 Baths ⋅ 21400106 MLS

Beautiful 4-bedroom, 3-bath home with 2,522 sq ft in Paloma Creek South. Open-concept layout features a spacious living area with gas fireplace, large kitchen island, stainless-steel appliances, gas cooking, and abundant cabinet space. Primary suite and secondary bedroom are downstairs, with two additional bedrooms and a game room upstairs. One of the standout features is the exceptionally large backyard, a rare find in North Texas, with no immediate rear neighbor and plenty of room for entertaining, kids, pets, gardening, or a future pool. Recent updates include a new water heater, updated ceiling fans, refreshed cabinetry, flooring updates, and enhanced landscaping. Covered patio, extended garage, prewired surround sound, Cat5 networking, and full-size utility room. Community amenities include pools, fitness centers, clubhouses, parks, playgrounds, and trails.

1105 Freesia Dr, Little Elm

$499,000

4 Beds ⋅ 4 Baths ⋅ 21392441 MLS

FRISCO ISD + UNIVERSAL KIDS RESORT LOCATION! Welcome to a beautifully transformed home where major updates, designer finishes, flexible living space, and an exciting North Frisco location all come together. Thoughtfully updated inside and out, this home offers the move-in-ready feel buyers are searching for. Step inside to rich wood flooring, fresh paint, upgraded lighting, and a bright, open floor plan perfect for entertaining or simply relaxing at home. The showpiece kitchen features crisp white cabinetry, gorgeous new quartz countertops, a brand-new cooktop and dishwasher, generous prep space, and an inviting layout that keeps everyone connected. One of the home's standout features is the versatile fourth bedroom flex space upstairs with a newly constructed custom full bath. Use it as a guest retreat, game room, media room, or private work-from-home space. The beautiful new bath features sophisticated tile and spa-inspired finishes. The primary suite offers its own relaxing escape with a completely remodeled bath, and every bathroom has been beautifully renovated with stylish, high-end updates.Outside, enjoy your own easy-care retreat with newly installed turf providing a lush green look without the weekend yard work—leaving more time to enjoy everything Frisco has to offer. Improvements go well beyond cosmetics: new HVAC, vents, roof, gutters, partial fencing, carbon monoxide detectors, fresh interior and exterior paint, and upgraded lighting provide valuable peace of mind.The location brings the fun! Enjoy convenient access to Universal Kids Resort, PGA Frisco, Fields West, The Star, Legacy West, along with Frisco's growing collection of restaurants, shopping, golf, parks,trails, and entertainment. Whether it's a day at Universal, golf and dining near PGA Frisco, shopping, or an evening out, there's always something nearby to enjoy.Designer updates,major improvements, flexible space, low-maintenance outdoor living,and one of North Texas' most exciting locations

612 Sundrop Dr, Little Elm

$462,500

4 Beds ⋅ 3 Baths ⋅ 21398245 MLS

This home includes built-in savings and convenience: the washer, dryer, and refrigerator all convey with the property. Plus, with all furniture negotiable, transitioning into your new space couldn't be more budget-friendly. The primary room is equipped with a soothing garden tub, a separate step-down shower, and TWO GENEROUSLY SIZED WALK IN CLOSETS. This floor plan includes a secondary bedroom featuring its own private en-suite bath, an ideal setup for long-term guests, multi-generational living, or heightened privacy. Also, a dedicated study with glass french doors! The heart of the home centers around a standout kitchen designed for everyday efficiency and entertaining alike, highlighted by sleek white quartz countertops and extended counter space. Beyond the home itself, the surrounding community elevates your lifestyle with fantastic amenities, including a swimming pool, clubhouse, scenic jogging and walking paths, and a neighborhood playground.

361 Moonvine Dr, Little Elm

$250,000

2 Beds ⋅ 2 Baths ⋅ 21399252 MLS

1.045 ACRES WITH NO HOA AND POTENTIAL FOR YOUR NEXT PROJECT! Located in Little Elm, this property offers an opportunity for an investor or experienced DIY buyer ready to take on their next big project. Buyers may consider renovating the existing mobile home or explore removing and replacing it, subject to applicable restrictions and requirements. The land is the real prize here! Cleanup and improvements to the grounds are needed, and some outbuildings may require removal. Enjoy convenient access to Eldorado Parkway and FM 720, with a variety of shopping, dining, and entertainment options nearby. Little Elm Beach and The Lakefront district offer even more opportunities to enjoy outdoor recreation, local restaurants, and community activities. For buyers willing to invest the time and effort, this acreage provides an appealing starting point. Bring your vision and evaluate the possibilities firsthand. Property is being sold AS IS. Buyers should verify property condition, applicable restrictions, and suitability for their intended use.

9280 Lonesome Dove Dr, Little Elm

$325,000

3 Beds ⋅ 2 Baths ⋅ 21400142 MLS

Welcome home to this charming 3-bedroom, 2-bath home in a fantastic location! The inviting floor plan offers comfortable living spaces, a functional kitchen with sleek black appliances, and plenty of room to make the home your own. All furniture is negotiable, making this a great opportunity for buyers looking for an easy move-in option. Located in a highly sought-after area with award-winning schools, this home offers the perfect combination of comfort, convenience, and value. Don’t miss the opportunity to make this adorable home yours! Ask about 2.75 assumable rate!

14721 Brandon Dr, Little Elm

$425,000

4 Beds ⋅ 3 Baths ⋅ 21400395 MLS

Lake views, an active community, and a home designed for everyday living — welcome to 2181 Olivereta Drive in Valencia on the Lake. This original-owner home offers the kind of open-concept layout that makes everyday life feel easy. The kitchen is the heart of the home, featuring a large island with plenty of room for gathering, plus a dedicated coffee bar for those mornings when coffee comes first. The open living and dining areas create a comfortable space for entertaining or simply staying connected while everyone does their own thing. Upstairs, the spacious primary suite is privately positioned away from the additional bedrooms, creating a true retreat at the end of the day. The ensuite bathroom adds another layer of privacy and convenience, while the additional bedrooms offer flexibility for family, guests, an office, or hobbies. Step outside—or simply enjoy the view from the front porch—and you'll catch a glimpse of the lake. It's a small reminder that this isn't just a house in a neighborhood; it's a home in a community built around enjoying where you live. Valencia on the Lake offers an active lifestyle with amenities and spaces designed to get residents out of the house and into the neighborhood, including pools, fitness facilities, tennis, walking and biking paths, green spaces, and access to nearby Lake Lewisville recreation. It's the kind of community where there are plenty of opportunities to get outside, meet your neighbors, and become part of the neighborhood rather than simply coming home to it. If you're looking for an established home, a lake-view setting, and a neighborhood where an active lifestyle and community connection are part of the package, 2181 Olivereta Drive deserves a look.

2181 Olivereta Dr, Little Elm

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Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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