Lake Dallas Homes under $400,000

Welcome to Lake Dallas, Texas – a hidden gem nestled in Denton County that beautifully marries small-town charm with modern conveniences. This vibrant community is situated on the shores of Lake Lewisville, offering residents stunning waterfront views and a plethora of outdoor activities. Whether you're an avid angler, a boating enthusiast, or simply love taking scenic walks by the lake, Lake Dallas provides an idyllic backdrop for your lifestyle.

One of the most appealing aspects of Lake Dallas is its diverse housing market, particularly for those seeking homes under $400,000. Here, you’ll find a variety of charming properties that cater to different tastes and needs. From cozy single-family homes with lush backyards to contemporary townhouses with modern finishes, there’s something for everyone. This affordability makes Lake Dallas an attractive option for first-time homebuyers, families, and retirees alike.

In addition to its affordable housing options, Lake Dallas boasts a strong sense of community. Residents enjoy a range of local events, parks, and recreational facilities that foster connections and create lasting memories. The city is also conveniently located near major highways, providing easy access to nearby cities like Denton and Lewisville, as well as the bustling metropolis of Dallas.

With a friendly atmosphere, beautiful surroundings, and homes that won't break the bank, Lake Dallas is the perfect place to plant your roots. Explore the possibilities of homeownership in this delightful city and discover the vibrant lifestyle that awaits you!

Newest Lake Dallas Homes under $400,000

$273,000

2 Beds ⋅ 2 Baths ⋅ 21423224 MLS

Freshly Updated and Move-In Ready in Lake Dallas. Discover this charming 2-bedroom, 2-bath half duplex featuring fresh interior paint, updated flooring, and designer touches throughout that create a stylish and inviting atmosphere. The open-concept living and kitchen area offers a comfortable space for everyday living and entertaining, highlighted by a spacious living area with a cozy fireplace. Both bedrooms are generously sized, offering comfort and privacy. Step outside to enjoy the covered deck and patio, perfect for morning coffee, relaxing evenings, or gathering with friends and family. Conveniently located near Lake Lewisville, local schools, shopping, dining, and I-35E, this home offers easy access to recreation and everyday essentials. With its recent updates, thoughtful design, and desirable location, this Lake Dallas property is ready to welcome you home. Buyer agent and Buyer to verify schools and square footage.

700 Harbour Town Dr, Lake Dallas

$350,000

3 Beds ⋅ 2 Baths ⋅ 21409461 MLS

Welcome to 499 Liberty Way in Lake Dallas! This inviting 1 story brick home offers a functional open-concept layout and spacious living areas. The open kitchen features abundant cabinetry, ample counter space, stainless steel appliances, and a center island that provides additional workspace and convenience. The kitchen flows seamlessly into the dining and living areas, creating a comfortable setting for everyday living and entertaining. The living area features attractive wood-look flooring, a vaulted ceiling, and abundant natural light from the large windows. The primary bathroom features a custom enclosed shower and soaking tub. Conveniently located in Lake Dallas, this home offers access to nearby shopping, dining, parks! You do not want to miss out on this wonderful opportunity to call this house your home!

499 Liberty Way, Lake Dallas

$299,990

3 Beds ⋅ 2 Baths ⋅ 21417446 MLS

**Professional Photos Coming Soon* Welcome home to this inviting 3-bedroom, 2-bath property nestled in the established Kings Manor neighborhood of Lake Dallas! Whether you’re a first-time homebuyer looking for a place to call your own, searching for a home with room to grow, or an investor seeking a great rental opportunity, this property has plenty to offer. Step inside to discover a spacious living room that provides the perfect setting for gathering with family and friends or simply relaxing after a long day. Recent updates, including fresh interior paint and new flooring, bring a bright, refreshed feel throughout the home. The kitchen features granite countertops and stainless steel appliances, combining everyday functionality with modern touches. Outside, enjoy a deck that offers additional space for entertaining, grilling, or unwinding in the fresh air. Located in the heart of Lake Dallas, this home offers convenient access to nearby shopping, dining, schools, and major roadways, making everyday living a breeze. With its comfortable layout, recent improvements, and desirable location, this home is a wonderful opportunity to enjoy homeownership or add to your investment portfolio. Come see the possibilities and make this Kings Manor home your own!

5305 Countess Ct, Lake Dallas

$265,000

3 Beds ⋅ 2 Baths ⋅ 21415079 MLS

Discover your move-in-ready dream home! This affordable, traditional 3-bedroom, 2-bathroom residence in Lake Dallas offers the perfect blend of comfort and peace of mind. Spanning 1,458 square feet, this home has been thoughtfully updated to meet modern standards. Enjoy the aesthetic appeal and easy maintenance of brand-new LVT flooring that flows seamlessly throughout the entire home. Significant recent improvements include stainless appliances, granite countertops in kitchen and both bathrooms and a recent full window replacement for energy efficiency. And to ensure structural integrity, a just completed professional foundation stabilization. Features stone fireplace, and vaulted ceilings with rear entry garage. Quiet cul-de-sac setting just minutes from Lake Dallas for boating, fishing, and waterfront recreation. Easy access to I-35E for DFW commuters. Generous corner lot offers curb appeal, extra parking, and future expansion potential (fenced yard, mature trees). Whether you are a first-time buyer or looking to downsize, this home offers a fantastic opportunity in a great location. Don't miss out on this combination of recent upgrades and charm—schedule your showing today!

5515 Knights Ct, Lake Dallas

$269,000

3 Beds ⋅ 2 Baths ⋅ 21412752 MLS

INCREDIBLE BUYER INCENTIVES: $4,000 MORTGAGE CONCESSION. Opendoor Home Loans will contribute up to $4,000 towards a permanent interest rate buy-down if you finance with Opendoor Home Loans LLC. 327 Texas Dr is a one-story Lake Dallas home with three bedrooms, two bathrooms and 1,258 square feet of living area. The galley kitchen pairs white cabinetry with a window above the sink and counter space on both sides of the aisle. Wood-look flooring leads through the living room, where a fireplace and French doors face the backyard. The primary bedroom includes a walk-in closet and an adjoining bathroom with a tub-shower combination. Two additional bedrooms share the hall bathroom. A patio opens onto the fenced backyard beneath a tree, and an attached two-car garage completes the layout. Home comes with a 100-Day Home Warranty

327 Texas Dr, Lake Dallas

$372,500

4 Beds ⋅ 3 Baths ⋅ 21404610 MLS

Come see this beautifully updated Lake Dallas home featuring a spacious, open floorplan designed for everyday living and entertaining. The kitchen flows seamlessly into the main living area, complemented by wide-plank wood-look laminate flooring in rich gray tones, soft gray walls, and crisp white trim. The inviting living area features a beautifully renovated stone fireplace, adding warmth and character to the space. The front flex space offers versatility as a second living area, formal dining room, or additional entertaining space. The downstairs also features a dedicated office and full bath. Upstairs, you’ll find all four bedrooms along with two full baths, including a renovated primary bathroom. Additional improvements include eight replaced downstairs windows and a replaced dishwasher. Enjoy neighborhood amenities including a park and playground—all with no HOA! Outdoor recreation is close at hand with Big Sandy Boat Ramp, Lake Lewisville, and area parks, while easy access to I-35 and the toll bridge provides convenient connections to Little Elm and Frisco.

322 Ashley Oak Ln, Lake Dallas

$335,000

3 Beds ⋅ 2 Baths ⋅ 21403186 MLS

MOTIVATED SELLERS — BRING YOUR OFFER! 3.9% VA ASSUMABLE LOAN OPPORTUNITY! Qualified buyers may have the opportunity to assume the seller’s existing VA loan subject to lender approval and eligibility requirements. Contact the listing agent for details. Buyer to verify all loan terms and eligibility with the lender. MAJOR UPDATES COMPLETED SEPTEMBER 2026! Enjoy added peace of mind with a BRAND-NEW ROOF, NEW GUTTERS, and FRESHLY STAINED FENCE! Welcome to 632 Montgomery Drive in Lake Dallas! Located minutes from Lewisville lake, this meticulously maintained 3-bedroom, 2-bathroom home offers 1,716 square feet of comfortable living space, a functional open floor plan, and thoughtful features throughout. Inside, enjoy abundant natural light, laminate wood flooring throughout the main living areas, and TWO DINING AREAS perfect for everyday living and entertaining. The spacious kitchen offers abundant cabinetry and plenty of room for meal preparation, flowing seamlessly into the living and dining spaces. A split-bedroom layout provides added privacy, while the oversized primary suite features TWO CLOSETS and a relaxing ensuite bathroom complete with a tiled walk-in shower, double vanity, large soaking tub, and generous window that fills the space with natural light. Step outside to beautifully maintained landscaping that creates welcoming curb appeal and an enjoyable outdoor space. The privately owned property directly behind the home offers an added sense of privacy. This home combines practical updates, comfortable living spaces, and a convenient location. Lake Dallas ISD’s School of Choice Program may offer eligible students additional enrollment flexibility, subject to campus availability and district approval. With motivated sellers, major exterior updates already completed, and a potential 3.99% VA loan assumption, this home is ready for its next owner. COME SEE ALL THAT 632 MONTGOMERY DRIVE HAS TO OFFER — AND BRING YOUR OFFER!

632 Montgomery Dr, Lake Dallas

$119,000

3 Beds ⋅ 1 Baths ⋅ 21399093 MLS

LAKE LOVERS & LAKE RATS — THIS ONE IS FOR YOU! Rare opportunity near Lake Lewisville! This property is being sold AS-IS and priced at market land value. The existing home has no contributory value, so buyers should enter the property at their own risk and conduct their own due diligence. The real opportunity is the land and location — create your own lake house, weekend getaway, or forever home in a location that puts you within walking distance of the marina and close to everything that makes lake living so much fun. Bring your vision, your boat, your golf cart and your love for the lake! Whether you're dreaming of a full-time lake lifestyle or your own weekend retreat, this property offers the location to make it happen. Motivated seller is ready to consider all offers! Calling all lake rats — come take a look and see the possibilities for yourself!

604 Moseley St, Lake Dallas

$349,900

3 Beds ⋅ 2 Baths ⋅ 21390119 MLS

Welcome home to 12026 Streambed Drive in the highly desirable Triple Creek community! This impressive 3 bed 2 bath 2-story residence combines incredible style with a thoughtfully designed interior featuring fresh modern interior paint throughout, updated baseboards, and soaring tray ceilings framed by elegant crown molding. The well-appointed kitchen features premium countertops and sleek stainless steel appliances, seamlessly connecting to an open floor plan with refreshed interior flooring and a serviced fireplace. Upstairs, unwind in the peaceful primary suite complete with generous walk-in closets. Step outside to your private patio overlooking a freshly landscaped yard with a fully powerwashed exterior and repainted siding and trim. Nestled in a desirable neighborhood, you are just minutes from everything you need—don't wait, schedule your tour today! One or more photos in this listing have been virtually staged.

737 Oak Dale Ave, Lake Dallas

500 Waters Edge Dr Unit 234, Lake Dallas

$325,000

3 Beds ⋅ 2 Baths ⋅ 21393826 MLS

Third floor, top floor condo on Lewisville Lake with 3 bedrooms, 2 full baths, 1,450 square feet, elevator access, attic storage only for those on the top floor, two covered parking spaces and a covered balcony with a lake view. Located in the gated Waters Edge community in Lake Dallas, this unit combines a functional single level floor plan with features that can be difficult to find in condo living. The kitchen has updated countertops and backsplash, stainless steel appliances, extensive wood cabinetry and a breakfast bar overlooking the living area. The kitchen, dining and living spaces are connected, while still providing defined areas for each. There is no carpet; engineered hardwood flooring runs through the main living areas and bedrooms, with tile in the wet areas. The primary bedroom has direct balcony access and an ensuite bath with dual sinks, separate walk-in shower, jetted tub and walk-in closet. The covered balcony includes a retractable screen and overlooks a wooded area with views of Lewisville Lake. As a top floor unit, there are no neighbors above, and the attic provides additional storage not commonly found in a condo. Waters Edge is a gated community with a pool, spa and beach access to Lewisville Lake. There's a workout gym with a treadmill, equipment, and free weights. You also have access to a community room with a full kitchen. Built in 2005, this move-in-ready condo offers lake access, elevator service, covered parking and low-maintenance living with convenient access to Lake Dallas and I-35E.

500 Waters Edge Dr Unit 234, Lake Dallas

$339,000

3 Beds ⋅ 2 Baths ⋅ 21386302 MLS

Spacious single-story home on a corner lot in Lake Dallas with a flexible floor plan, large backyard and several significant updates already completed. Built in 1998, this 3-bedroom, 2-bath home also includes a dedicated office plus a second living area that can easily serve as an additional office, game room, media room or other flex space. The large sunroom is filled with windows and natural light, creating another inviting space to relax, entertain or enjoy the backyard year-round. The split-bedroom layout offers added privacy, while the primary suite includes walk-in closet space and a bath with garden tub and separate shower. Outside, the generous yard includes a separate fenced area ideal for a dog or dedicated pet space, along with fencing replaced last year. A 2-car garage provides additional parking and storage, and there is NO HOA. Recent improvements include fresh interior paint, new kitchen tile, new laminate flooring in one bedroom, two new windows and a sprinkler system that was recently serviced and is working well. Major updates include a new roof installed in August 2023, conversion to a tankless water heater, and a new exterior AC compressor installed in July 2024 with a 12-year warranty. Conveniently located near Lewisville Lake with easy access to I-35, parks, recreation, shopping and surrounding Denton County destinations. A comfortable, versatile home with plenty of room inside and out.

701 Carlisle Ct, Lake Dallas

$345,000

3 Beds ⋅ 2 Baths ⋅ 21387481 MLS

Lake life, an easy commute, and a floor plan that knows how to be flexible—this Lake Dallas home brings all three together. Located near the Willow Grove Park trails and Lewisville Lake, this single-story home offers three bedrooms, two full bathrooms, and a bonus flex room ready to become your home office, dining room, second living area, or whatever your life needs next. The kitchen features stainless steel appliances, tile flooring, a center island, breakfast bar, and a sunny breakfast nook for everything from morning coffee to weeknight takeout. At the back of the home, the sunroom adds even more usable space and would make a fantastic game room, hobby area, playroom, or relaxed spot to hang out. Outside, the privacy-fenced backyard backs to mature trees instead of another row of houses, giving the space a more peaceful, tucked-away feel. With quick access to I-35, you’re positioned between Corinth and Lewisville—approximately 20 minutes from DFW Airport and 35 minutes from Dallas. Whether you’re heading to work, catching a flight, hitting the lake, or staying home for game night, this one makes everyday life a little easier—and a lot more fun.

606 Lake Bridge Dr, Lake Dallas

Start Your Search

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.

Last updated:

Lake Dallas Homes under $400,000

Newest Lake Dallas Homes under $400,000

How much is your home worth?

How much is your home worth?