Lexington Homes under $500,000

Lexington Homes under $500,000

Welcome to Lexington, Virginia—a picturesque city nestled in the heart of the Blue Ridge Mountains, where history and natural beauty harmoniously coexist. Known for its charming downtown, Lexington boasts a rich heritage that dates back to the 18th century. Here, you can stroll along cobblestone streets lined with historic buildings, visit the renowned Virginia Military Institute, or take a leisurely hike on the scenic trails that surround the city. With its vibrant arts scene, delightful local shops, and a variety of dining options, Lexington offers a unique blend of small-town charm and cultural richness.

For those seeking a home in this enchanting city, you'll be pleased to discover that Lexington offers a range of properties under $500,000. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, there’s something for everyone in this welcoming community. From cozy single-family homes with stunning mountain views to charming townhouses situated in friendly neighborhoods, you can find a variety of options that fit your lifestyle and budget.

Imagine sipping your morning coffee on a sunlit porch, surrounded by the breathtaking beauty of the Blue Ridge Mountains, or enjoying a weekend stroll through the vibrant downtown area. With homes priced under $500,000, Lexington makes it possible to embrace the idyllic lifestyle you’ve always dreamed of. Don’t miss the chance to call this enchanting city your home—explore the available listings today and discover the perfect place to create lasting memories in Lexington!

Newest Lexington Homes under $500,000

42 Bikah Ln, Lexington
$385,000
5 Beds ⋅ 4 Baths ⋅ 682941 MLS
Privacy, generous space, and exceptional versatility define this substantial brick residence, offering more than 5,000 square feet in a peaceful, secluded setting. Expansive rooms and a flexible floor plan create opportunities for gathering, entertaining, and enjoying space of your own—an appealing foundation for multigenerational living. Two apartments, one above the garage and another in the basement, offer additional flexibility for extended family, guests, or potential rental income, subject to applicable approvals. For investors, the home’s scale, separate living spaces, and B-1 zoning present compelling possibilities, with permitted uses to be confirmed. A new roof and new HVAC system provide significant recent improvements, while cosmetic updates offer the opportunity to elevate the interiors and make the property your own. Established surroundings, ample parking, and a sense of retreat complete this distinctive offering—a spacious home with the flexibility to accommodate evolving needs and a thoughtful investment vision.

42 Bikah Ln, Lexington
407 Carruthers St, Lexington
$139,500
4 Beds ⋅ 1 Baths ⋅ 682894 MLS
Calling all investors!! Opportunity awaits in the heart of Lexington! Moments from VMI and their sporting events. This 4 bedroom home needs some TLC but can be made into a wonderful home again perfect for Lexington life or a 4+ bedroom income-producing rental. Private back yard on a quiet street. Minutes from i81 makes for an easy commute. Call your favorite Realtor to tour 407 Carruthers today! Sold as-is. Measurements are from public record.

407 Carruthers St, Lexington
11 Avalon Ln, Lexington
$385,000
3 Beds ⋅ 2 Baths ⋅ 682646 MLS
Beautiful Blue Ridge Mountain Views! This sprawling ranch home is conveniently located to the VA Horse Center, downtown Lexington & to the interstate for easy travel. This functional beauty offers true one level living w/ gorgeous hardwood floors, over 2200 finished living sq ft, 3 bedrooms, 2 full bathrooms, 2 living rooms, an office & a partial basement for storage which can also serve as a workout space. Fall is almost here so cozy up to not one but two fireplaces, one of which has a woodstove insert & the other has gas logs. The kitchen offers beautiful Corian countertops, a breakfast nook & lots of storage for all of your kitchen gadgets. The laundry is also conveniently located off of the kitchen. Fresh paint in most of the rooms, New Lennox HVAC 4/25, new electric panel box installed 5/24, some brand new light fixtures & so much more (ask your agent for the updates list). You will surely enjoy the generously sized 1.19 acre lot, the rocking chair front porch while taking in the mountain views & the amazing covered brick patio in the back of the home where you can gain access to the kitchen & the second living room. This home has been loved over the years & well maintained, doesn't get much better than this!

11 Avalon Ln, Lexington
63 Woodridge Ln, Lexington
$474,900
3 Beds ⋅ 2 Baths ⋅ 682612 MLS
OWNER FINANCING OPTION! Welcome home to this 3-bedroom, 2-bath home offering 2009 SF open concept living space, with finished bonus room. Situated on 0.46-acres with area for gardening or outdoor living space. The exterior features Board and Batten LP® SmartSide® siding with stone accents, an asphalt driveway, and concrete front porch with bluestone. The front entry door showcases two sidelights. Inside, you'll find vaulted and 9-foot ceilings, recessed lighting and luxury vinyl plank flooring. The Kitchen featured 42-inch wall cabinets, a large center island, and granite countertops. The primary suite offers a walk-in closet and a bathroom featuring a tile shower with a semi-frameless glass shower door. All bedrooms and the great room are pre-wired for ceiling fans. Additional features include a dedicated laundry room with a mud sink, stylish two-panel interior doors, double-hung windows, stained red oak wood stair treads leading to the finished bonus room. Step outside through sliding glass door to enjoy the 12’x14’ wood deck complete with low-maintenance vinyl railings/black metal pickets. The garage offers an 8-foot garage door, windows, electrical service, high ceilings. Owner/Agent

63 Woodridge Ln, Lexington
896 Collierstown Rd, Lexington
$399,500
3 Beds ⋅ 2 Baths ⋅ 682470 MLS
Enjoy the best of country living and everyday convenience with this charming brick ranch on 3.33 acres, just minutes from Historic Downtown Lexington, VMI, and Washington & Lee University. With agricultural zoning, no HOA, and plenty of outdoor space, the property offers room to garden, keep chickens, enjoy pets, or simply spread out and enjoy a little more breathing room. Inside, the home offers comfortable one-level living with hardwood floors and a thoughtfully refreshed eat-in kitchen featuring butcher block countertops, painted cabinetry, a farmhouse sink, pantry, updated appliances, and refinished flooring. French doors from the living room open to the rear deck, creating an easy connection to the outdoor living spaces and fenced yard. The walk-out basement adds valuable flexibility with a finished bedroom, full bath, kitchenette, wood stove, and newly installed luxury vinyl plank flooring. This space is ideal for guests, extended living space, a home office, recreation area, or hobbies. Numerous improvements add to the home's appeal, including a new roof in 2021, central air added in 2023, updated lighting and fixtures, select replacement windows, refreshed interior paint, deck repairs and fresh paint, landscaping & more.

896 Collierstown Rd, Lexington
34 Florence Sarah Ln, Lexington
$475,000
4 Beds ⋅ 4 Baths ⋅ 681952 MLS
Breathtaking House Mountain views · Two primary suites · Main-level primary with walk-in shower · Covered second-floor balcony · Indoor & outdoor pools · Custom-built 2022 home A rare combination of custom construction, mountain views, and extensive community amenities in The Ponds at Lexington. This move-in-ready 2022 Colonial offers two primary suites, including a first-floor suite designed for comfortable one-level living, plus a covered balcony overlooking House Mountain and the community greenspace beyond. Unlike the neighborhood's production builds, this home was custom-constructed with a thoughtful, flexible floor plan with 4 bedrooms, 4 bathrooms, and an exceptional setting just minutes from historic Lexington, Washington and Lee University, and VMI. The main level is designed for comfortable, accessible one-level living. A first-floor primary suite with a step-free walk-in shower and en-suite bathroom, plus main-level laundry and a half bath, means everything you need day-to-day is on one floor. Engineered hardwood floors run throughout the main level, and an open kitchen with granite countertops and dark wood cabinetry flows naturally into bright, spacious living and dining areas.

34 Florence Sarah Ln, Lexington
129 Thoroughbred Cir, Lexington
$314,900
3 Beds ⋅ 2 Baths ⋅ 678442 MLS
This move-in ready home has an abundance of charm and easy living! Featuring an open concept main floor, this 3 bedroom, 2 bath home has the perfect combination of comfort, character, and convenience just minutes from downtown Lexington. A spacious primary suite with en suite bath offers convenience and practicality. An additional 2 generous bedrooms, full bath, and compact laundry area round out the floorplan. The tall crawl space offers ample storage and is wired for lights and additional fridge/freezer space. The pool and gazebo will convey! Conveniently located to i81, and i64, this house has easy living written all over it!

129 Thoroughbred Cir, Lexington
32 Back Holw, Lexington
$80,000
2 Beds ⋅ 1 Baths ⋅ 677823 MLS
Escape to the peace of the countryside with this home full of potential. Tucked away is a rural setting, this property is a great opportunity for investors, or a buyer looking to create their own retreat with some TLC. The home is being sold "As is Where is".

32 Back Holw, Lexington
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