Preston Lakes Homes under $500,000

Welcome to Preston Lakes, a vibrant and inviting subdivision nestled in the heart of Frisco, Texas, within the picturesque Collin County. Known for its family-friendly atmosphere and exceptional amenities, Preston Lakes offers a unique blend of suburban charm and modern conveniences, making it an ideal place to call home.

One of the standout features of this community is its diverse array of homes, with many options available for under $500,000. Whether you’re a first-time buyer, a growing family, or looking to downsize, Preston Lakes has something to suit your needs. These homes boast contemporary designs, spacious layouts, and well-maintained yards, providing the perfect backdrop for creating lasting memories.

Residents of Preston Lakes enjoy easy access to a variety of local attractions, including parks, shopping centers, and dining options. The nearby Frisco Commons Park offers beautiful green spaces, walking trails, and playgrounds, perfect for family outings or leisurely strolls. Additionally, the community is conveniently located near major highways, allowing for easy commutes to nearby cities and employment hubs.

Education is also a top priority in this area, with highly-rated schools serving the community, ensuring that children receive a quality education. With its friendly atmosphere, active lifestyle, and affordable housing options, Preston Lakes is more than just a neighborhood; it’s a place where you can truly feel at home. Explore the possibilities and find your dream home in this charming Frisco community today!

Newest Preston Lakes Homes under $500,000

$415,000

3 Beds ⋅ 2 Baths ⋅ 21365882 MLS

WELL MAINTAINED EAST FACING 3 BEDROOM 2 BATHROOM BRICK HOUSE LOCATED IN CENTRAL FRISCO IN THE COVETED FRISCO ISD. Step inside to Laminate Wood Flooring throughout all Main Areas and Bedrooms which makes it easy to clean and maintain. You are immediately welcomed to the large Living Room with Fresh Paint and Wood Burning Fireplace. Breakfast area with a table that can stay or be removed and is connected to the Kitchen with Granite countertops, White Cabinets, Stainless Steel Appliances including Electric Glass Cooktop, Electric Convection Oven, Microwave, Dishwasher, and Refrigerator Included + Undercabinet Lights, Breakfast Bar, and Double Sink. Off one side of the Living Area you have the Front Primary Bedroom with Ensuite Bathroom equipped with Double-Vanity, White Cabinets, 2 Sinks, Modern Round Mirrors, Garden Tub, Step-in Shower with tiled-walls and Black Hardware + Walk in Closet. On the other side of the house, you have 2 more Bedrooms with Walk-in Closets and a Full Bathroom updated with Modern Vanity, Mirror, and Lights as well. 2 Bedrooms have fans to help keep things cool and all windows have blinds. The Laundry Room with Shelving can be used for Pantry plus comes with Washer and Dryer included and leads out to the 2-Car Garage with Driveway. The backyard has a Covered Patio with Ceiling Fan, Board-on-board Privacy Fence, and grass for kids or pets. 3D Tour and floorplan available online on other websites. HVAC replaced in 2024, almost all new Windows, Fence replaced in 2025, Newer appliances, no Carpet!

8109 Wharf St, Frisco

$415,000

3 Beds ⋅ 2 Baths ⋅ 21376920 MLS

Beautifully updated, move-in-ready single-story home in Preston Lakes, Frisco, TX 75035! Located in Frisco ISD, this 3-bedroom, 2-bath home offers 1,486 square feet of comfortable living space, a 2-car garage, and convenient access to shopping, dining, schools, and major highways. Fresh interior and exterior paint, hand-scraped solid wood floors, updated tile, and bedroom carpeting create a welcoming atmosphere. The spacious living room features vaulted ceilings and a cozy fireplace, while the kitchen offers granite countertops, updated appliances, and a pantry. The primary suite includes dual vanities, a garden tub, updated fixtures, and a renovated separate shower. Major improvements include a composition roof installed in September 2019 and a new HVAC air handler, heat kit, and emergency drain pan in 2026. Enjoy the amenities of Preston Lakes, including a community pool, park, playground, pond, and walking trails. Conveniently located near Gunstream Elementary, Wester Middle School, and Centennial High School, with access to Preston Road, Dallas North Tollway, and Sam Rayburn Tollway. Nearby destinations include Stonebriar Centre, Frisco Square, Toyota Stadium, Riders Field, The Star, and Legacy West. Shopping and grocery options include H-E-B, Costco, Walmart, Tom Thumb, and Sprouts. Ask about the available 2-1 interest rate buydown opportunity! Several windows will have new glass installed prior to closing. Buyer and buyer's agent to verify schools, measurements, and all property information. Agent is owner.

7912 Gulf St, Frisco

$434,500

4 Beds ⋅ 3 Baths ⋅ 21386804 MLS

Welcome to 11413 Canoe Rd, a beautifully remodeled 4-bedroom, 3-bath home in Frisco’s Preston Lakes community. Soaring ceilings, hardwood floors, stylish railings, and abundant windows give the living spaces an open, light-filled feel. The floor plan includes a dedicated first-floor office, spacious living areas, a well-appointed kitchen, a private primary suite, and generously sized secondary bedrooms. An attached garage and established landscaping add everyday convenience NO MUD, NO PID, and access to highly sought-after Frisco ISD! SOARING HIGH CEILINGS, BEAUTIFUL HARDWOOD FLOORING, AND STYLISH RAILINGS create an open, spacious feel while adding warmth, character, and visual appeal throughout the home. ABUNDANT WINDOWS AND PLENTY OF NATURAL LIGHT fill the home with a bright, airy atmosphere and beautifully complement the open living spaces. The thoughtfully designed floor plan provides plenty of space for everyday living, relaxation, and entertaining. The spacious living areas create a welcoming atmosphere, while the WELL-APPOINTED KITCHEN offers functionality and an easy flow into the main living spaces. The PRIVATE PRIMARY SUITE provides a peaceful retreat, with GENEROUSLY SIZED SECONDARY BEDROOMS offering flexibility for family, guests, or a home office. Enjoy the convenience of an ATTACHED GARAGE AND ESTABLISHED LANDSCAPING, adding to the home's everyday appeal. Located in Preston Lakes, this home is conveniently situated near shopping, dining, parks, schools, and major thoroughfares. With its HIGH CEILINGS, HARDWOOD FLOORING, STYLISH RAILINGS, ABUNDANT WINDOWS, NATURAL LIGHT, DESIRABLE FRISCO LOCATION, AND ACCESS TO HIGHLY REGARDED FRISCO ISD, 11413 Canoe Rd is a wonderful opportunity to call Frisco home. Enjoy a location near shopping, dining, parks, and major roadways, with access to Frisco ISD. No MUD. No PID

11413 Canoe Rd, Frisco

$385,000

3 Beds ⋅ 2 Baths ⋅ 21350394 MLS

Located in the highly desirable Preston Lakes community and zoned to award-winning Frisco ISD, this thoughtfully designed 3-bedroom, 2-bath home also features a dedicated study and a desirable split-bedroom floor plan. The updated kitchen showcases white cabinetry, granite countertops, open shelving, and stainless steel appliances, with a new refrigerator (2025), dishwasher (2025), and range (2026). The spacious primary suite features a beautifully re-tiled walk-in shower (2026), while a new garage door (2026) adds even more value. Enjoy relaxing or entertaining on the covered patio, then take advantage of Preston Lakes' community amenities, including a neighborhood pool, walking trails, parks, and scenic ponds. Conveniently located near shopping, dining, and major commuter routes, this home offers a wonderful opportunity to enjoy everything Frisco has to offer.

11312 Promenade Rd, Frisco

$369,000

3 Beds ⋅ 2 Baths ⋅ 21337957 MLS

This beautifully remodeled brick home sits on a desirable corner lot in the sought-after Preston Lakes community! Offering 3 bedrooms and 2 full baths, this move-in-ready home features a bright layout with a cozy fireplace, luxury finishes, and thoughtful updates throughout. The stunning kitchen boasts stainless steel appliances, a pantry, and a sunny breakfast nook perfect for everyday dining. The private primary suite is located upstairs and features a spa-like bath with a separate soaking tub, walk-in shower, and dual vanities, while the remaining bedrooms and living spaces are conveniently located on the main level. Enjoy the convenience of a rear entry garage, enhancing the home's curb appeal. Residents of Preston Lakes enjoy scenic lakes, a community pool, and beautiful neighborhood amenities. Located in a highly rated school district with easy access to shopping, dining, this home offers the perfect blend of comfort, style, and location.

7808 Anchor St, Frisco

$445,000

4 Beds ⋅ 2 Baths ⋅ 21237311 MLS

“HUGE PRICE REDUCTION! DON’T MISS THIS OPPORTUNITY!” Please check a new paint & new look!!! Welcome to this charming single-story home located in a desirable Frisco neighborhood. Featuring 4 bedrooms and 2 full baths, this well-maintained residence offers the open-concept layout provides a seamless flow between the living, dining, and kitchen areas, making it ideal for both everyday living and entertaining. The kitchen offers ample cabinet space and functionality, while the spacious living area is filled with natural light. The primary suite provides a comfortable retreat, complemented by well-sized secondary bedrooms suitable for family, guests, or a home office. Step outside to enjoy a tranquil backyard setting, where you can take in serene views of the canal flowing just beyond—offering a peaceful and relaxing backdrop perfect for unwinding after a long day. The property offers a manageable outdoor space with both privacy and scenic appeal. Located within a highly regarded Frisco ISD, this home is zoned to well-rated schools known for their strong academic reputation. Conveniently positioned near major roads, shopping, and dining, this property offers a blend of comfort, functionality, and prime location.

11305 Ocean Rd, Frisco

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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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