The Lakes Homes under $500,000

The Lakes Homes under $500,000

Welcome to The Lakes, a hidden gem nestled in the heart of Kent, Washington. This picturesque neighborhood offers a serene blend of nature and community, making it an ideal place for families, young professionals, and retirees alike. With its tranquil lakes, lush green parks, and winding trails, The Lakes is a haven for outdoor enthusiasts and those seeking a peaceful lifestyle.

The Lakes boasts a variety of homes under $500,000, making it an attractive option for first-time buyers and those looking to invest in a vibrant community. These charming residences feature a range of architectural styles, from cozy single-family homes to modern townhouses, all designed to meet the needs of today’s homeowners. With spacious layouts and inviting outdoor spaces, these properties provide the perfect backdrop for creating lasting memories with family and friends.

Living in The Lakes means enjoying convenient access to local amenities. Residents can explore nearby shopping centers, restaurants, and entertainment options, all within a short drive. The area is also well-connected to major highways, making commuting to Seattle or Tacoma a breeze.

For families, The Lakes is served by quality schools and offers a variety of recreational activities, including community events and sports leagues. The neighborhood’s friendly atmosphere fosters a strong sense of belonging, where neighbors become friends and community ties flourish.

In The Lakes, you’ll find not just a house, but a place to call home. Discover the charm of this enchanting neighborhood and explore the affordable housing options that await you. Your dream home is just around the corner!

Newest The Lakes Homes under $500,000

5124 S 234 Street Unit #41-3, Kent
$495,000
2 Beds ⋅ 2 Baths ⋅ 2585006 MLS ⋅ ACTIVE Status
A large picture window looks straight out over Ruby Lake, bringing the waterfront view into the living room. Settle in by the gas fireplace or step out to your private lakeside patio to watch herons, ospreys and eagles. Now offered at $495,000, this move-in-ready condo in Marina Pointe at The Lakes offers the privacy of a gated entrance and the ease of single-level living with stair-free entry. Inside, an entry skylight, vaulted ceilings and hardwood floors brighten the living space. The spacious kitchen offers abundant cabinetry and a casual eating area. The primary suite also overlooks the lake and features an electric fireplace and a walk-in closet. With 2 bedrooms, 1.75 baths, central A/C and a true two-car garage with extra storage, there’s room to settle in and enjoy life by the water. Nearby Green River trails are ideal for walking or biking, with shopping, dining, golf, freeway access and light rail close by.

5124 S 234 Street Unit #41-3, Kent

Listing Broker: CENTURY 21 North Homes Realty; Chanece Dewick; 253-722-6911; chanece@c21nhr.com

5727 S 234th Place Unit #9-4, Kent
$343,500
2 Beds ⋅ 1 Baths ⋅ 2586141 MLS ⋅ ACTIVE Status
Fall in love with this adorable, beautifully updated condo in the desirable Lakes Community! This thoughtfully designed home features an open great-room concept with plenty of windows that fill the space with natural light. The lovely kitchen offers new appliances, a new sink and faucet, and a convenient eating bar—perfect for casual dining and entertaining. The spacious primary bedroom features a large walk-in closet, while the generous laundry room includes a new washer and dryer, plus a new hot water tank for added peace of mind. Step outside onto your private deck and enjoy peaceful lake views. The Lakes Community offers an array of amenities, including walking trails and a clubhouse, providing plenty of opportunities to relax and enjoy the outdoors. Conveniently located near major freeways, the airport, and everyday conveniences, this home makes commuting and daily living easy. Reasonable HOA dues include water and sewer, helping offset today’s rising utility costs. Additional features include a one-car garage and ample community parking. This charming, move-in-ready condo offers comfort, convenience, and a wonderful community setting.

5727 S 234th Place Unit #9-4, Kent

Listing Broker: Windermere RE South Sound, Inc; Kathy Callahan; 206-793-4874; kcallahan@windermere.com

5121 S 234th Street Unit #42-4, Kent
$494,950
2 Beds ⋅ 2 Baths ⋅ 2584540 MLS ⋅ ACTIVE Status
Welcome to this beautifully maintained one-level home in the gated Marina Pointe community. Thoughtfully designed, this spacious residence offers timeless finishes, natural light, and effortless indoor-outdoor living. Soaring vaulted ceilings and rich hardwood floors create a warm, inviting atmosphere. The living room features a cozy gas fireplace. The updated kitchen combines style and functionality with stainless steel appliances, abundant cabinetry, and generous workspace, opening seamlessly to the main living areas. A covered patio overlooks the lush, private landscaping—perfect for morning coffee, entertaining, or relaxing. The flexible guest bedroom includes a built-in Murphy bed, easily transforming into a home office or additional living space. An updated guest bathroom adds a modern touch. The spacious primary suite offers a peaceful retreat with a generous walk-in closet, private full bath, and abundant natural light. Enjoy nearby walking trails, easy access to Kent Station, shopping, dining, entertainment, and most amenities. This home blends comfort, privacy, and convenience. ***Seller offering up to $15,000 toward a permanent mortgage interest-rate buydown! Subject to mutually agreed purchase terms, lender approval, and loan-program seller-contribution limits. Actual interest rate and available buydown depend on buyer qualifications, credit, down payment, loan program, and market conditions. No specific interest rate or loan approval is guaranteed.***

5121 S 234th Street Unit #42-4, Kent

Listing Broker: Realty ONE Group Orca Gold; Greg Barrett; 206-498-6876; Greg@GBarrett.com

5508 S 236th Place Unit #8-4, Kent
$479,000
3 Beds ⋅ 3 Baths ⋅ 2568737 MLS ⋅ ACTIVE Status
BUYER BONUS!! One year buy down of 1% with preferred lender or can use 1% for closing costs. Completely updated from top to bottom, this condominium offers modern finishes and thoughtfully designed living spaces in a peaceful waterfront setting. Recent improvements include a remodeled kitchen, renovated bathrooms, engineered white oak hardwood scraped flooring, and beautiful base molding throughout. The inviting living room features an electric fireplace, while the new composite deck provides the perfect spot to enjoy views of the water canal and extend the living space outdoors. One bedroom offers a built-in Murphy bed, a built-in collapsible desk, and a wall-mounted TV, creating a versatile space for guests, work, or relaxation. All bedrooms feature custom closet organizers with drawers, providing ample storage without the need for additional dressers. The closet organizers, Murphy bed, built-in desk, and TV mounts are all included with the sale. An attached one-car garage provides added convenience for parking and storage. A move-in ready home with updated finishes, thoughtful built-ins, and a peaceful waterfront setting.

5508 S 236th Place Unit #8-4, Kent

Listing Broker: Better Properties Soundview; Rhonda Calabrese; 253-332-9957; Rhonda@betterpropertiessoundview.com

23202 58th Avenue S Unit #2-1, Kent
$411,000
2 Beds ⋅ 2 Baths ⋅ 2566273 MLS ⋅ ACTIVE Status
Looking for a ground-floor condo in Kent, WA with an attached garage? This 2 bedroom, 2 bath home at 23202 58th Ave S Unit #2-1 is in Windward Cove, part of The Lakes community — and it checks every box: no stairs, your own 1-car garage, a wood-burning fireplace, in-unit laundry, and a private patio. The Lakes is a quiet, established community built around walking trails, ponds, and mature trees — the kind of setting neighbors describe as "a hidden gem." It's also one of the most connected pockets of Kent: Kent Station's shops, restaurants, and movie theater are minutes away, the Sounder commuter train gets you to downtown Seattle in about 45 minutes with just two stops, and I-5 access makes the rest of the region easy to reach. HOA dues cover water, sewer, road maintenance, and grounds care, so upkeep stays simple. Corner lot, sidewalks, and guest parking round it out. This one's built for someone who wants single-level living without giving up space, storage, or a garage. Private setting with with the views of the forest.

23202 58th Avenue S Unit #2-1, Kent

Listing Broker: Windermere Prof Partners; Steve McNamer; 253-310-1239; stevemcnamer@windermere.com

23407 52nd Place S Unit #11-3, Kent
$399,000
2 Beds ⋅ 2 Baths ⋅ 2574101 MLS ⋅ ACTIVE Status
NEW PRICE, HUGE OPPORTUNITY, and waterfront living on Ruby Lake! This spacious single level 2 bedroom, 1.75 bath condo in Marina Pointe is priced to create excitement and offers the next owner a rare chance to buy well below the price point of many other units in the community. YES, the home needs updating, including fresh paint, new carpet, kitchen improvements, and bathroom upgrades, but that is exactly where the opportunity lies. Bring your vision, make it your own, and create value in a setting that is increasingly hard to find. Already in place are vaulted ceilings, skylights, generous living spaces, peaceful lake views, a gas fireplace, gas heat, Central A/C, and a private patio overlooking the water. The comfortable floor plan includes lake views from key living areas and a primary suite that connects beautifully to the setting. A fully finished 1 car garage, driveway parking, and guest parking add convenience. Marina Pointe is a gated, well maintained waterfront community with attractive grounds, walking paths, and easy access to shopping, dining, and commuter routes. This is the kind of OPPORTUNITY buyers wait for: strong value, real upside, and the chance to own on the water at an exciting new price!

23407 52nd Place S Unit #11-3, Kent

Listing Broker: Ballpark Realty; Dustin S. Bruce; 206-719-1061; dustin@ballpark-realty.com

5916 S 232nd Court Unit #3-2, Kent
$385,000
2 Beds ⋅ 3 Baths ⋅ 2571306 MLS ⋅ ACTIVE Status
Beautifully maintained smart-home TOWNHOME in The Lakes at Bayview featuring scenic pond and lake views, soaring ceilings, and abundant natural light. Enjoy an open-concept floorplan with a master suite, cozy gas fireplace, spacious kitchen with newer appliances, plus private view deck perfect for relaxing or entertaining. Smart-home upgrades- Wiz-controlled lighting and Apple Home. Back lawn and green spaces. Located near the Green River Trail with quick access to Kent Station, Kent Commons, shopping, dining, golf courses, schools, freeways, and the Kent Light Rail Station just 5 minutes away. Attached 2-car tandem garage with extra storage. Experience the perfect blend of nature, convenience, and modern living in one of Kent’s most desirable communities!

5916 S 232nd Court Unit #3-2, Kent

Listing Broker: eXp Realty; Michelle Codd; 206-963-3251; michelle@michellecoddhomes.com

5626 S 231st Place Unit #8-4, Kent
$419,900
3 Beds ⋅ 3 Baths ⋅ 2562684 MLS ⋅ ACTIVE Status
Welcome to this beautifully updated 3-bedroom, 2.5-bath townhome in the highly desirable Promenade North at The Lakes! Filled with abundant natural light, this open-concept home offers fresh interior paint, brand-new carpet, and a warm, inviting living room with a cozy fireplace. Upstairs, you'll find a spacious primary retreat featuring a beautifully remodeled en-suite bathroom, along with two additional generously sized bedrooms and an updated full bath. The private backyard backs to a peaceful greenbelt, creating a serene setting with added privacy while allowing plenty of natural light to fill the home. A detached one-car garage provides convenient parking and extra storage. Ideally located just minutes from I-5, Highway 167, shopping, dining, Riverbend Golf Complex, scenic walking trails, and everyday amenities, this home offers the perfect balance of comfort, convenience, and lifestyle. Whether you're a first-time buyer, downsizing, or looking for a low-maintenance home in a prime Kent location, this move-in-ready townhome is one you won't want to miss! FHA AND VA APPOVED

5626 S 231st Place Unit #8-4, Kent

Listing Broker: eXp Realty; Sheila Newberry; 253-486-9716; Sheilasellshomes8486@gmail.com

5801 S 232nd Place Unit #6-6, Kent
$244,950
2 Beds ⋅ 2 Baths ⋅ 2539201 MLS ⋅ PENDING SHORT SALE Status
Huge Price Drop! Welcome home to this beautifully refreshed end-unit retreat, where modern updates, privacy, and peaceful natural surroundings come together. Motivated seller—bring your offer! Nestled against lush greenery and beautifully maintained landscaping, this move-in-ready home offers the perfect blend of comfort and convenience. Step inside to a stunning updated kitchen, refreshed bathrooms, and bright, inviting living spaces filled with natural light. The charming dining nook, surrounded by windows, is perfect for morning coffee or enjoying the tranquil views. Cozy up by the fireplace during cooler months or unwind on your private patio surrounded by nature. Enjoy scenic lakes, walking trails, abundant green space, and the added convenience of your own private garage—a highly sought-after feature offering secure parking and extra storage. Ideally located just minutes from shopping, dining, public transportation, and vibrant Kent Station, everything you need is close by. Seller is motivated and ready to make a deal! Beautifully updated, privately situated, and conveniently located, this is an opportunity you don't want to miss. Bring your offer and schedule your tour today!

5801 S 232nd Place Unit #6-6, Kent

Listing Broker: eXp Realty; Andre' Jones; 253-324-4167; andre.jones@exprealty.com

5819 S 232nd Place, Kent
$249,000
2 Beds ⋅ 1 Baths ⋅ 2498746 MLS ⋅ ACTIVE Status
Welcome to this bright and inviting 2-bedroom, 1-bath condo in the desirable Windward Cove community in The Lakes. Thoughtfully maintained, this home features an open-concept living space complete with a cozy wood-burning fireplace, dedicated dining area, and ample storage throughout. The open kitchen offers light white cabinetry, generous counter space, and bar-top seating—perfect for casual dining or entertaining. The spacious primary bedroom includes a large walk-in closet, while the additional bedroom provides flexibility for guests, a home office, or hobbies. In-unit laundry adds everyday convenience. Step outside to your private, intimate balcony and enjoy peaceful views of surrounding trees. The home also offers the convenience of an attached 1-car garage and driveway parking. Enjoy community amenities including a playground, parks, and scenic trails just minutes from your door. Ideally located near transit, shopping, restaurants, and schools, this home offers comfort, convenience, and a fantastic lifestyle.

5819 S 232nd Place, Kent

Listing Broker: John L. Scott, Inc; Simon Cruz; 206-519-7101; simon@jonbye.com

23628 55th Place S Unit #15-3, Kent
$375,000
2 Beds ⋅ 3 Baths ⋅ 2495425 MLS ⋅ ACTIVE Status
Highly desirable lake-edge 2-bedroom, 2.25-bath townhome featuring bright, open living spaces with both bedrooms on the upper level—each with its own private bathroom for added comfort and convenience. The east-facing bedroom showcases stunning water views, while both bedrooms offer ample closet space; one bath includes a tub and the other a shower. Either bedroom can easily be converted into a spacious home office. The kitchen, complete with a breakfast bar and adjacent dining area, flows seamlessly into the inviting living room with a cozy wood-burning fireplace. Step outside to a large deck overlooking the lake—perfect for morning coffee or entertaining with BBQs—surrounded by mature vegetation for added privacy. Additional highlights include a private detached garage with bonus overhead storage, an assigned parking space, and plenty of guest parking. Ideally located near major aerospace employers, Amazon distribution centers, and Kent Station, with easy access to shopping, freeways, and scenic trails. This townhome offers the perfect blend of comfort, convenience, and lakeside tranquility in a fantastic location.

23628 55th Place S Unit #15-3, Kent

Listing Broker: Redfin; Shauna Rumel; 206-779-4171; shauna.rumel@redfin.com

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Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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