Allen Homes under $500,000

Welcome to Allen, Texas – a vibrant city nestled in the heart of Collin County, just a stone's throw away from the bustling metropolis of Dallas. With its rich blend of suburban charm and urban convenience, Allen has become one of the most sought-after places to call home in the Lone Star State.

Known for its friendly community atmosphere, Allen boasts an array of parks, recreational facilities, and top-notch schools, making it an ideal location for families and professionals alike. The city is not only home to a thriving economy but also offers a variety of shopping, dining, and entertainment options, including the popular Allen Premium Outlets and the lively Watters Creek at Montgomery Farm.

For those looking to buy a home without breaking the bank, Allen presents an exciting opportunity. The real estate market features a selection of beautiful homes priced under $500,000, making it accessible for first-time buyers, growing families, and anyone seeking a comfortable living space in a desirable location. From charming single-family homes to modern townhouses, there's something for everyone in this bustling community.

With its excellent quality of life, abundant amenities, and a strong sense of community, Allen is not just a place to live; it’s a place to thrive. Explore the homes available under $500,000 and discover the perfect backdrop for your next chapter. Embrace the warmth of Allen, where your dream home awaits!

Newest Allen Homes under $500,000

$424,000

2 Beds ⋅ 2 Baths ⋅ 21421839 MLS

Experience comfortable, low-maintenance living in this beautifully designed condo in the desirable Gatherings at Twin Creeks community in Allen. This inviting home features an open-concept floor plan, a spacious living area, and a well-appointed kitchen with stainless steel appliances, upgraded quartz countertops, and a generous walk-in pantry. The thoughtfully designed layout offers two bedrooms, two full bathrooms, and a dedicated office, providing flexibility for working from home, hobbies, or welcoming guests. Additional highlights include high ceilings, wood flooring throughout the main living areas

651 N Watters Rd Unit 5307, Allen

$427,990

3 Beds ⋅ 3 Baths ⋅ 21421424 MLS

CB JENI HOMES KELSI floor plan. Outstanding floor plan on beautiful GREENBELT! 3 bed, 2.5 bath, 1,859 sq ft luxury townhome in the highly desirable Allen area, north-east FACING home within top-rated Allen ISD. Stunning ‘Modern Cottage’ design scheme with premium finishes throughout. Chef’s kitchen includes huge island with quartz countertops, site-finished cabinetry, and stainless steel appliances. Revwood flooring throughout entire first floor. SMART home with tankless water heater, gas heating, energy-efficient features, and 10-year HVAC parts warranty. Spacious owner’s suite plus walk-in closets in all 3 bedrooms. Located in Twin Creeks Watters, in the heart of exemplary schools, dining, shopping, lakes, parks, and acclaimed golf courses. Low-maintenance living with modern elegance. Ready JANUARY 2027!

1216 Verbena Way, Allen

$394,750

2 Beds ⋅ 3 Baths ⋅ 21421425 MLS

CB JENI HOMES CONLEY floor plan. 2 bed, 2.5 bath, 1,586 sq ft luxury townhome. Open family room with soaring 20-ft ceilings and abundant natural light. Gourmet kitchen includes quartz countertops, site-finished cabinetry with hardware, stainless steel appliances, under-cabinet lighting, and walk-in pantry. Stunning owner’s suite with tray ceiling and TWO large walk-in closets. Ample storage throughout. Energy-efficient design helps lower utility costs. Located in Twin Creeks Watters, in the heart of exemplary schools, dining, shopping, lakes, parks, and acclaimed golf courses nearby. Ready Now!

1035 Splitrock Dr, Allen

$265,000

3 Beds ⋅ 2 Baths ⋅ 21421336 MLS

This charming single story brick home situated one a corner lot in the peaceful Timber Bend neighborhood is just waiting for some TLC to restore and update it, like it deserves. This lovely 3 bedroom, 2 bathroom home delivers the perfect blend of everyday comfort and suburban convenience. The two car attached garage adds everyday convenience and plenty of extra storage capacity. Location is everything, and this property places you moments from premier shopping, diverse dining options, scenic local parks, and quick access to major commuter routes. Students attend highly regarded Allen schools, with Gene M Reed Elementary and Curtis Middle School located within walking distance just down the street. With the right eye for detail and design, 1325 Crestview Drive presents an outstanding opportunity to enjoy the best of Allen living at a fraction of the typical Collin County housing prices.

1325 Crestview Dr, Allen

$499,000

5 Beds ⋅ 3 Baths ⋅ 21419729 MLS

Rare opportunity - nearly half an acre on a creek lot with a pool and no HOA in an established, peaceful hidden gem neighborhood in Allen! Priced below appraised value. This home offers an open concept at the heart of the home where the living, kitchen, and dining integrate comfortably for living and entertaining. Updated kitchen and bathrooms. A bonus room downstairs can be utilized as a library, office, kid's play room or school room, craft room, exercise room, or anything else you can imagine. Home also offers a mother in law apartment suite complete with a spacious bedroom, full bathroom, and kitchenette with separate entry that can be flexibly used for multigenerational living, can simply be re-integrated into the main home living, or can be monetized as a rental unit. Opportunities like this are hard to come by, especially in Collin County. With a little TLC, this can be a great primary home or investment. Centrally located. Easy access to commutable highways and convenient to a multitude of entertaining, dining, grocery, retail, as well as parks, playgrounds, and expansive trail systems. Schedule a tour today!

206 Watson Dr, Allen

$450,000

3 Beds ⋅ 3 Baths ⋅ 21417644 MLS

A must see home!!!This Fantastic 2-story home in ALLEN on a CORNER LOT that backs to the wooded greenbelt. The exceptionally well-maintained and bright home with a large open living room with high ceilings & a spacious kitchen with silestone countertops, a breakfast bar. Home has also been upgraded with wood flooring throughout, a new tankless water heater installed in September. The spacious primary bedroom has an ensuite and a generous walk-in closet. The bricked patio is low maintenance and has plenty of room for a table and grill. Wonderful community with biking and walking trails plus a community pool. HOA maintains the front yards. Easy access to highway 75, Excellent location close to shopping, restaurants and schools. Be a part of the award-winning Allen ISD!

1712 Coronado St, Allen

$469,000

3 Beds ⋅ 3 Baths ⋅ 21419825 MLS

ASSUMABLE FHA LOAN AT JUST 5.75%—a rare opportunity for qualified buyers to potentially secure a significantly below-market interest rate! WOW! Beautifully renovated and thoughtfully upgraded, this impressive single-story home in established Fountain Park combines modern style with an outstanding Allen location. A welcoming circle drive and refreshed landscaping create great curb appeal, while the light-filled interior offers a functional, open layout. The redesigned kitchen is a true centerpiece, featuring quartz countertops, generous seating, updated appliances, gas cooktop, oven, warming drawer, microwave, stylish pendant lighting and a new vent hood vented to the exterior. The spacious living area is anchored by a fireplace with custom built-in cabinetry and shelving, while French glass doors add privacy and character to the dedicated study. The renovated primary bath feels like a private spa retreat with a freestanding soaking tub, oversized walk-in shower with bench, recessed niche and multi-function shower system, dual-sink vanity, contemporary black fixtures and illuminated mirrors. Additional improvements include replacement windows and new window sills throughout most of the home, attic insulation upgraded to approximately R-49, updated powder bath, added primary-bath cabinetry, new interior and exterior light fixtures and Kwikset rekeyable exterior door hardware. Outside, the backyard fence was relocated to create approximately 150 additional square feet of usable yard space, while brick landscape edging, new sod and refreshed landscaping enhance the front and backyard. Conveniently located near parks, schools, shopping, dining, entertainment and major commuter routes, this move-in-ready Fountain Park home offers extensive renovations, timeless character and an exceptional Allen location.

703 Willow Brook Dr, Allen

$435,000

3 Beds ⋅ 3 Baths ⋅ 21415981 MLS

Welcome to this beautiful, modern, clean, and centrally located Townhome in the heart of Allen! Discover the perfect blend of style, comfort, and location in one of DFW's best school district in this immaculate 3-bedroom, 2.5-bath townhome. The main level showcases stunning luxury vinyl plank flooring and an open-concept layout ideal for everyday living and entertaining. The kitchen features solid wood cabinetry, updated granite countertops, a gas range, and a spacious pantry. A convenient half bath is located just off the garage entry. Upstairs, you’ll find three generously sized bedrooms, each with ample closet space. The primary suite offers a spacious retreat with a large walk-in closet and an open ensuite bath complete with dual sinks and a stand-up shower. The upstairs utility room provides added convenience with room for a full-size washer and dryer. Additional highlights include a spacious two-car garage with extra storage space and a sizable backyard perfect for pets, play, or entertaining — complete with a covered patio for year-round enjoyment. The home is equipped with a fire suppression system, which may help reduce homeowners insurance costs. Even better, the HOA covers the entire exterior of the home, including the roof, foundation, and irrigation, offering added peace of mind and low-maintenance living. Don’t miss this exceptional opportunity to enjoy comfort, convenience, and modern living in the heart of Allen!

117 Tortugas Dr, Allen

$450,000

4 Beds ⋅ 3 Baths ⋅ 21419317 MLS

Handyman special! Spacious 4 bedroom 2.5 bath property with easy access to major highways! This two story residence offers an abundance of natural light with plenty of room to spread out! This home features granite countertops, high ceilings, and a roof that was replaced in 2020! Home needs work after recent tenant move-out and is priced with this in mind. This is not a move in ready home. Schedule a showing today!

1703 Broadmoor Dr, Allen

$460,000

4 Beds ⋅ 3 Baths ⋅ 21400891 MLS

Located in Bethany Creek Estates, this two -story, 4-bedroom home features a covered front porch. Light and bright designer colors will make you feel like you are in a truly special home. The rooms are large, and the bedrooms have walk-in closets. The Kitchen revolves around a large granite island. Granite counters embrace the gas cooktop. The kitchen also showcases the built-in oven and Microwave. The backyard features a productive fig tree that not only yields fruit but also sparks stories and conversations. You are within walking distance of the Joe Farmer Recreation Center. This recreation center is recognized as one of the best in the area! You will find a vast array of activities to keep you and your family entertained. The active lifestyle awaits! Two HVAC units (one 2 years old and one 3 years old).

1315 Normandy Ln, Allen

$309,900

3 Beds ⋅ 2 Baths ⋅ 21418901 MLS

If Pictures say a thousand words, they'll be more when you see it. Seller responded to feedback and remodeled both bathrooms. Entire house had a makeover. Completely renovated and ready for the new buyers to enjoy. Painted, inside and outside, new luxury vinyl plank floors, high baseboards, new fans, lighting, and fixtures. Both exterior doors new. Kitchen is gorgeous with its 42 in cabinets and shelves and fancy countertops. Custom built island and stainless-steel appliances. Fireplace rebuilt and it's gorgeous! Recessed lighting added. Best low maintenance yard in the neighborhood. Roof was replaced in 2014 and HVAC and WH is 5 years old. Fence is just under 2 yrs old.

531 Hightrail Dr, Allen

$440,000

3 Beds ⋅ 3 Baths ⋅ 21417122 MLS

Fresh updates, a flexible floor plan, and a location that can't be beat! This Allen home is waiting for you to move right in! A complete remodel completed October 2026 means you can unpack and make this palce home without having to worry about any updates. The 2nd living area is perfectly set up to easily become a 4th bedroom or it is also makes a great play room to keep the rest of your home clutter free. In the kitchen and all the bathrooms you can find beautiful white cabinetry accented by stunning quartz counters to match. Designer shower tiles will make you feel like you have your own spa in both the primary or 2nd bathroom. Stunning vaulted ceilings with wooden beams add that touch of elegance that is difficult to find in this price range. Some 2026 updates include new HVAC, all new paint, all new flooring, all new fixtures, freshley sodded grass, and much more. The kitchen features a farmhouse sink, brand new stainless steel appliances, and a clean, timeless design. Eat in island and built ins for extra storage and charm add convenience and comfort. True split bedroom floor plan gives the primary suite completel privacy. Built on a large corner lot with an extended patio, the outdoor space does not disappoint either. Imagine the memories you could make from your back porch. Central location to all Allen has to offer including so many shopping and dining options, parks, entertainment and more. Can't forget to mention the convenience of being right next to 75 to easily get anywhere. If you've been searching for an updated 1 story home in a great location with a flexible floor plan, this one should be at the top of your list.

818 Pebblebrook Dr, Allen

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Allen Homes under $500,000

Newest Allen Homes under $500,000

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