Lake Orion Homes under $500,000

Lake Orion Homes under $500,000

Welcome to Lake Orion, Michigan – a picturesque village nestled in the heart of Oakland County. Known for its stunning lakes, vibrant community, and charming downtown, Lake Orion offers a unique blend of small-town charm and modern conveniences. With a rich history dating back to the early 1800s, this quaint community has grown into a desirable location for families, retirees, and anyone seeking a peaceful yet engaging lifestyle.

One of the most appealing aspects of Lake Orion is its affordability when it comes to real estate. Homes under $500,000 are plentiful, providing an excellent opportunity for first-time homebuyers or those looking to invest in a serene environment. Whether you're searching for a cozy bungalow, a spacious family home, or a contemporary townhouse, Lake Orion has a diverse selection of properties to suit your needs.

Residents enjoy a wealth of recreational activities, thanks to the area’s stunning natural beauty. With Lake Orion and several nearby parks, outdoor enthusiasts can indulge in boating, fishing, hiking, and picnicking. The vibrant downtown area is brimming with boutique shops, delightful eateries, and community events, fostering a strong sense of belonging among its residents.

Lake Orion's schools are highly rated, making it an ideal location for families seeking quality education for their children. The community's friendly atmosphere, combined with its beautiful surroundings and affordable housing options, makes Lake Orion a hidden gem in Michigan. Discover your dream home in this enchanting village and experience the perfect blend of tranquility and community spirit!

Newest Lake Orion Homes under $500,000

4341 Cornith Drive, Lake Orion
$479,777
3 Beds ⋅ 3 Baths ⋅ 61035431 MLS
91 FT OF PRIVATE ALL-SPORTS CARPENTER LAKEFRONT | MUD LAKE ACCESS | PRIVATE DOCK | 2,095 TOTAL FINISHED SQ. FT. Wake up to sunrise over the water, enjoy coffee while watching wildlife along the shoreline, and spend summer days boating, swimming, fishing, kayaking, or paddleboarding from your own private waterfront. This rare two-lake property offers 91 ft of private frontage on all-sports Carpenter Lake, a private dock, and access to adjoining Mud Lake. With only 12 homes surrounding Carpenter Lake, the setting feels peaceful, natural, and wonderfully private. Explore by boat or kayak, relax along the shoreline, gather around a lakeside bonfire, or enjoy changing water views throughout the day. This 3-bed, 3-bath home has been thoughtfully updated and is ready to host your summer gatherings. Updates include a new roof with a 50-yr transferable warranty. Water and sunrise views can be enjoyed from the kitchen, living room, bedroom, and balcony. The main level features an open-concept living and dining area, updated kitchen and baths, comfortable bedrooms, and inviting spaces for both quiet mornings and waterfront entertaining. The finished walkout level includes a second kitchen, full bathroom, spacious family/rec room, and walkout access to the yard and lakefront. This flexible space is ideal for guests, entertaining, a home office, or additional everyday living. Outside, the dock and shoreline become an extension of the home. Launch a kayak before breakfast, take a swim on a warm afternoon, cruise between Carpenter Lake and Mud Lake, and end the day perfectly by watching the sunset from the lake or the shoreline. Additional highlights include a 2.5-car garage, 0.42-acre lot, and thoughtful updates throughout. The combination of sunrise and wildlife views sets this home apart from typical lake-access properties. BONUS: A qualified buyer may qualify for an assumable 3% mortgage, subject to lender approval, loan terms, and eligibility.

4341 Cornith Drive, Lake Orion
3 Parakeet Hill Dr., Lake Orion
$75,000
3 Beds ⋅ 2 Baths ⋅ 61035383 MLS
Welcome to Orion Lakes Community in the heart of Orion Township! This beautifully maintained 2019 mobile home offers 3 spacious bedrooms and 2 bathrooms with a modern design and excellent finishes throughout. The open-concept layout seamlessly connects the living room, dining area, and stunning kitchen--perfect for everyday living and entertaining. The spacious primary suite features ample closet space, with generous storage throughout all bedrooms. Enjoy the convenience of a well-maintained community located close to shopping, dining, and entertainment. Orion Lakes offers an array of amenities, including a clubhouse, basketball courts, pond, gazebos, outdoor barbecue area, sand volleyball courts, and a playground. Meticulously maintained and move-in ready, this home combines modern comfort with an outstanding community lifestyle.

3 Parakeet Hill Dr., Lake Orion
567 Pine Tree Road, Lake Orion
$285,000
3 Beds ⋅ 3 Baths ⋅ 61034791 MLS
PUBLIC OPEN HOUSE SUNDAY OCT 4 11AM-1PM Here is your opportunity to purchase an affordable home in a desirable area, build some equity, and enjoy all that Lake Orion living has to offer! This mid-century ranch offers comfortable single-story living, an extra large fenced backyard, and thoughtful updates throughout. Located in desirable Orion Twp, the home features 3 bedrooms, 2 1/2 baths, a partially finished basement, attached 2-car garage, and additional covered parking. The main level features a classic floorplan, with original hardwoods floors throughout the spacious living room, galley-style kitchen (with granite counters and stainless steel appliances), dining area, and three bedrooms. A sliding door off the dining space opens to the backyard with a cement patio and convenient double-gate access from Fanslow St.--perfect for projects or equipment. The partially finished basement adds flexible living space and includes a second full bath, separate laundry, workshop, and mechanical areas. This ranch is move-in ready with classic character, PLUS the opportunity to make it your own - an excellent scenario for savvy buyers! New paint and sump pump, updated electrical panel with 220 service, furnace, water heater, whole-house water filter, both full bathrooms, kitchen appliances, crown molding, patio, gutters, and refreshed siding. All appliances stay. Enjoy township taxes with convenient access to M-24, I-75, shopping, dining, and recreation. MI licensed agent must accompany all showings, walk-throughs, and inspections. Information deemed reliable but not guaranteed. B/BATVAI. Home sold As-Is. ***Please note the address is 567 Pine Tree Rd, NOT 567 Pine Tree Rd WEST***

567 Pine Tree Road, Lake Orion
4759 Glenora Drive, Lake Orion
$425,000
3 Beds ⋅ 3 Baths ⋅ 61034774 MLS
This beautifully designed 3-bedroom, 2.5-bathroom condominium offers stylish, low-maintenance living in a highly desirable location. Step inside to discover an open concept layout enhanced by large windows that fill the space with natural light. The kitchen features quartz countertops, a brand new stainless steel dishwasher, oven, and microwave, The spacious primary suite boasts a walk-in closet and a private ensuite bathroom complete with double sinks, a walk-in shower, and a separate water closet for added privacy and comfort. Additional highlights include a 2-car garage with a coated floor, perfect for storage or keeping your vehicles protected year-round.Conveniently located near Great Lakes Crossing Outlets, Costco, and a wide variety of dining and shopping options, this home also offers easy access to I-75, providing a direct route to all that Metro Detroit has to offer. Don't miss the opportunity to enjoy comfort, convenience, and contemporary design in this well-appointed Lake Orion condo.

4759 Glenora Drive, Lake Orion
3232 Birchcreek Court, Lake Orion
$125,000
2 Beds ⋅ 1 Baths ⋅ 61034590 MLS
Move right into this beautifully maintained upper-level condo in an ideal location with lake privileges on all-sports Lake Voorheis! This inviting home features a comfortable living room, separate dining area, and an eat-in kitchen offering plenty of cabinet and counter space along with stainless steel appliances. The spacious primary suite includes a large walk-in closet, while the private balcony provides the perfect spot to enjoy your morning coffee or unwind outdoors. Additional highlights include a 1-car garage and thoughtful updates throughout, including new flooring (2021), windows (2022), additional attic insulation and ventilation (2025), new A/C (2025), and new furnace (2025).Enjoy the benefits of Lake Voorheis, including a sandy beach, pavilion, volleyball courts, picnic tables and boating facilities. Conveniently located near schools, shopping, dining, and major highways, this condo offers the perfect combination of comfort, convenience, and low-maintenance living. Just unpack, settle in, and enjoy!

3232 Birchcreek Court, Lake Orion
327 Orion Terrace, Lake Orion
$249,900
2 Beds ⋅ 1 Baths ⋅ 61034254 MLS
Why rent when you can own this beautifully updated, meticulously maintained and exceptionally clean Lake Orion ranch? With 2 bedrooms and 1 bath, it offers more room to spread out than you might expect. Large windows fill the home with natural light, while hardwood floors and a cozy wood-burning fireplace welcome you into the family room. You'll also find a separate living room and dining room, a spacious foyer/mudroom with a closet, and a doorwall opening to the inviting front porch. The nicely updated kitchen features white cabinets, quartz countertops, stainless steel appliances, a generously sized pantry and a door leading directly to the new back deck. The bath has an updated tiled bathtub/shower with granite countertops. Outside, the deck overlooks a private, fully fenced yard with landscaping and a fire pit. A spacious 1.5-car garage includes a workshop, and the basement provides a spacious laundry space and a new Hazlite carbon water filtration system. Set along a quiet, low-traffic road near downtown Lake Orion. The home is within walking distance of Bunny Run Country Club, where an optional membership is available for a fee for access to a swimming beach, boat launch, docks, clubhouse and playground on private Long Lake. Located in the award-winning Lake Orion school district. Come see it for yourself! This home is very Charming! Room sizes are approximate. Audio/visual security camaras may be in home. BATVAI.

327 Orion Terrace, Lake Orion
543 Atwater Street, Lake Orion
$349,900
3 Beds ⋅ 1 Baths ⋅ 61034110 MLS
Some homes are all about the location, some homes are all about the lifestyle, this one offers both. Imagine spending the unseasonable warm fall relaxing by your in-ground, heated, salt water pool, gathering on the expansive patio around the fire pit with friends. All while enjoying one of the larger lots in the village of Lake Orion. This home also features an additional flex room leading to the patio and a finished, fully waterproofed basement offering valuable additional living, entertaining or office space. As an added bonus-the pool table stays! Situated on a large corner lot, the property also has a spacious shed with a loft for additional storage and plenty of room to potentially add a garage in the future. This home is just a short distance from downtown dining, shopping, parks and community events, no need to search for parking. With 3 bedrooms, a finished basement, shed and outdoor spaces you will not want to leave-543 Atwater offers more than you might expect! *Seller will pay for the pool to be professionally closed this fall and pre-pay for the opening of the pool in the spring*

543 Atwater Street, Lake Orion
3216 High Pointe Ridge Road, Lake Orion
$211,000
2 Beds ⋅ 2 Baths ⋅ 61033930 MLS
Welcome to 3216 High Pointe Ridge at the amazing High Pointe Ridge Condos. This beautifully updated, move-in-ready, end unit upper Ranch condo offers the perfect combination of style, comfort, modern conveniences, low-maintenance, economical HOA fee AND A MOTIVATED SELLER. You'll love this bright, neutral decorated home with natural light, your own private outdoor balcony/deck and an attached, direct access garage. Recent remodeling over the past 36 months includes a new stylish Kitchen including cabinets, quartz counters and appliances, Primary Bathroom, solid wood plank floors, triple pane windows, doorwall, furnace & central AC, Washer & Dryer. The Living Room features a vaulted ceiling and a cozy gas fireplace (an upgrade not found in all units). The Primary Bedroom includes its own En-suite bathroom and a huge walkin closet. Not only has this one-owner condo been meticulously maintained, the seller is providing you a 12 month Home Warranty (America's Preferred, the best). This condo offers a functional layout designed for everyday living as well as entertaining (there's nearby parking for your guests and visitors). Ideally located near shopping, dining, everyday conveniences, and major roadways, with the added benefit of highly rated Lake Orion Schools. Enjoy the outdoor activity possibilities with Orion Township's extensive network of safety paths, walk to Waldon Middle School, Canterbury Village, Yates Cider Mill and Civic Center Park, or stroll to the Orion Township Amphitheater for summer concerts. The Polly Ann Trail is a short walk away, offering miles of walking and biking paths. Conveniently located about 5 minutes from I-75 and convenient shopping at Sam's Club, Costco, Target and Meijer. Don't miss the opportunity to make 3216 High Pointe Ridge Rd your new home!

3216 High Pointe Ridge Road, Lake Orion
3728 Grafton Street, Lake Orion
$250,000
3 Beds ⋅ 1 Baths ⋅ 61033403 MLS
Welcome home to 3728 Grafton in Lake Orion, where comfortable single-level living meets inviting indoor and outdoor spaces. This 3-bedroom, 1-bath ranch offers 1,247 square feet with everything conveniently located on one floor and a layout that feels welcoming from the moment you step inside. At the heart of the home is a large, open kitchen with plenty of room to cook, gather, and enjoy everyday life. Natural light from the new front window adds to the bright and comfortable atmosphere, while the home's easy-flowing ranch layout keeps everything connected. Outside is where this property really invites you to slow down and enjoy your surroundings. Start the morning with a cup of coffee on the large covered front porch, or head to the covered back patio and unwind in the hot tub at the end of the day. The spacious fenced backyard offers plenty of room to enjoy the outdoors, with a fire pit ready for crisp Michigan evenings, conversations around the fire, and nights under the stars. A detached 2-car garage and large shed provide valuable space for vehicles, tools, hobbies, and additional storage. A new roof in 2025 adds another important update to the home. Located within the Lake Orion Community Schools district, this property brings together the simplicity of ranch living, generous outdoor spaces, and features designed to be enjoyed throughout Michigan's changing seasons. From mornings on the covered porch to summer evenings on the patio and cool nights gathered around the fire pit, 3728 Grafton offers more than a place to live--it offers a place to settle in, make it your own, and enjoy coming home to.

3728 Grafton Street, Lake Orion
2627 Holland Street, Lake Orion
$320,000
3 Beds ⋅ 2 Baths ⋅ 61033303 MLS
Welcome to this brick and vinyl ranch in Lake Orion! Featuring 3 bedrooms, 1.5 baths, and a finished basement with a fireplace, this home offers plenty of space to relax and entertain. Enjoy the large fenced yard, patio, shed, and detached two-car garage, all a short distance from I-75.

2627 Holland Street, Lake Orion
4615 Homesite Drive, Lake Orion
$425,000
4 Beds ⋅ 3 Baths ⋅ 61033220 MLS
Welcome home to this beautifully updated, four-bedroom, three-bathroom home offering privacy and comfort on a generous one-acre lot. The kitchen boasts modern finishes with sleek cabinetry, stainless steel appliances, and a spacious island for family gatherings. The primary suite was thoughtfully designed with vaulted ceilings that allow for plenty of natural light, a large walk-in closet, and an en-suite bathroom with stylish finishes. The three additional bedrooms are generously sized, offering ample closet space and share access to well-appointed bathrooms, providing comfort and privacy for family or guests. Step outside to enjoy the covered wrap-around porch, which leads to the private backyard featuring a spacious shed, expansive garden, and a pergola-covered patio area--perfect for relaxing summer nights. This home is more than just a place to live; it's an experience blending modern living with nature's beauty. Schedule your showing today!

4615 Homesite Drive, Lake Orion
3388 Gingell Drive, Lake Orion
$250,000
2 Beds ⋅ 2 Baths ⋅ 61032780 MLS
**Updated & move-in ready!** This 2-bedroom, 1.5-bath Great Lakes Ridge condo shines with hardwood floors, new kitchen appliances, stylish light fixtures, updated baths with a custom-tiled walk-in shower, and new hardware throughout. Enjoy custom shelving, crown molding, mature flower beds, and peace of mind with Power windows backed by a lifetime transferable warranty. Newer furnace and A/C, plus a pet-friendly community! Don't miss this beautifully refreshed condo!

3388 Gingell Drive, Lake Orion
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