South Lyon Homes under $500,000

South Lyon Homes under $500,000

Welcome to South Lyon, Michigan – a charming city nestled in the heart of Oakland County. Known for its friendly atmosphere and rich community spirit, South Lyon offers a perfect blend of suburban tranquility and vibrant local culture. With its picturesque parks, historic downtown area, and a variety of recreational activities, it’s no wonder that families and individuals alike are drawn to this delightful locale.

One of the most appealing aspects of South Lyon is its diverse housing market, particularly for those seeking homes under $500,000. Here, you’ll find a range of options that cater to various lifestyles and preferences. From cozy single-family homes with spacious yards to modern townhouses with contemporary amenities, there’s something for everyone. The affordability of homes in this price range makes South Lyon an attractive choice for first-time buyers, growing families, and anyone looking to invest in a thriving community.

In addition to its appealing homes, South Lyon boasts excellent schools, a variety of dining options, and a strong sense of community. The city hosts numerous events throughout the year, including farmers' markets, festivals, and seasonal celebrations, fostering connections among residents. With easy access to major highways, commuting to nearby cities like Ann Arbor or Detroit is a breeze, making South Lyon an ideal spot for those who desire both convenience and a peaceful lifestyle.

Explore the charm of South Lyon and discover your dream home today! Your perfect piece of Michigan awaits.

Newest South Lyon Homes under $500,000

11048 Silver View Ct, South Lyon
$110,000
2 Beds ⋅ 1 Baths ⋅ 20261084218 MLS
Lakefront Living at an Unbeatable Price Imagine waking up every morning to breathtaking sunrise views over the water — without the million-dollar price tag. Welcome to affordable lake life on private, 152-acre, all-sports Silver Lake in the heart of sought-after South Lyon. While lakefront homes here have recently sold for $850K–$1.1M, this fully reimagined retreat puts you on the water for a fraction of the cost. This 708 sq ft, 2-bedroom, 1-bath mobile home has been transformed over the past six years into a true luxury escape. No detail was overlooked: new roof, PEX plumbing, new electrical, new windows, and a new water heater form the bones, while designer finishes — custom kitchen countertops, board and batten walls, vinyl plank flooring, and dimmable lighting with ceiling fans throughout — create an interior that feels anything but ordinary. Step outside to your attached sunroom and expansive three-story deck, perfectly positioned atop the bluff to soak in panoramic lake views. The 658 sq ft yard is thoughtfully landscaped for privacy and includes two storage sheds for all your gear. Enjoy your morning coffee — or evening cocktail — at the lake-facing countertop as the sun paints the water. A shared beachfront park gives the community direct lake access for fishing, swimming, boating, and all the recreation Silver Lake is known for. Everything You Need, Ready to Go: Complete Vivint smart security system — 3 cameras, glass break & motion sensors WiFi smart thermostat Bamboo privacy panels with matching chairs & cushions Bedroom-mounted TV All window coverings, drapes (sheers & blackout), rods & tiebacks Available furnished or unfurnished — move right in, or make it your own! Whether you're searching for a year-round primary residence or the perfect summer cottage getaway, opportunities like this don't come along often and won’t last long.

11048 Silver View Ct, South Lyon

Courtesy of Power House Group Realty 7343182121
163 Easton Dr, South Lyon
$475,000
4 Beds ⋅ 3 Baths ⋅ 20261083937 MLS
Check out this amazing 4-bedroom colonial in South Lyon. Located close to downtown and everything it has to offer this home is move-in ready and has a ton of charm. The remodeled, updated, and open kitchen features granite counters, a large island with seating, stainless steel appliances with a gas stove, and a tile backsplash. Enjoy the large great room with wood burning fireplace and don't miss the gorgeous wood laminate flooring on the main level. There is a ton of extra living space one the main level with a dining room for entertaining and a cozy living room with bay window and tons of natural light. Don't miss the 1st floor laundry room as well. Upstairs the primary suite enjoys a vaulted ceiling, expansive walk-in closet, and open bathroom with dual sinks, large soaker tub, and tiled shower. The other three bedrooms all enjoy big footprints and all the carpet in the home was very recently installed. Outside you will find a large yard, stamped concrete patio, and mature landscaping offering even more curb appeal. The basement is open and just waiting to be finished and with over 2,500 sq. ft. of finished space there is room to spread out and enjoy the space.

163 Easton Dr, South Lyon

Courtesy of The Putkela Group 2483202743
61035 Eleven Mile Rd Unit 4, South Lyon
$74,900
2 Beds ⋅ 1 Baths ⋅ 20261082913 MLS
Welcome to Colonial Acres 55 and over senior co-op community. This 2-bedroom ranch/ townhome is exactly what you have been looking forward to. Carefree living Updated Kitchen and Bathroom. Laminate flooring throughout. Sunroom and finished basement, TV room, crafty and wood working if that your hobby. Club house pool senior activities. + Close to the S. Lyon Senior Center. With so many improvements already completed, including the stunning 2025 bathroom renovation, updated kitchen, refreshed interior, and Florida room enhancements, this home offers comfort, convenience, and exceptional potential for its next owner. Why take on the hassle of renovations when you can move right in and start enjoying your new lifestyle? Schedule your private showing today and see everything this lovely condo has to offer! This section of the Co-op has a carport no moving your car around after a snow fall. HOA dues include snow removal Lawn maintenance, gas and water. the property is located at 11 Mile and Pontiac Trail. Senior bus transportation available for a Small Fee. Dogs and cats welcome call clubhouse for pet breeds. Application fee is $75 for first occupant and $45 for each additional occupant. Buyer is required to pay a $525 closing fee to co-op and $300 to the co-op reserve fund escrow.

61035 Eleven Mile Rd Unit 4, South Lyon

Courtesy of Century 21 Curran & Oberski 7344646400
61346 Dean Dr, South Lyon
$365,000
3 Beds ⋅ 2 Baths ⋅ 20261083082 MLS
Don't miss out on this one!! Welcome home to this inviting 3-bedroom, 1.5-bath home in South Lyon! Offering approximately 1,532 square feet of living space, this property provides plenty of room to make yourself at home. Built in 1989, the home features a functional layout, a 2-car attached garage, and a spacious setting on approximately 0.24 acres. Whether you're looking for your next home or an opportunity to make a space your own, this property offers plenty of potential. Conveniently located in South Lyon, enjoy the opportunity to make this home your own and experience all that the surrounding community has to offer. Schedule your private showing today!

61346 Dean Dr, South Lyon

Courtesy of ICON Realty Experts, LLC 2489859961
25106 Jefferson Ct Unit 4, South Lyon
$129,900
2 Beds ⋅ 2 Baths ⋅ 20261079703 MLS
55+ CENTRAL AIR, FIRST FLOOR LAUNDRY, NEWER WALLSIDE WINDOWS 30+ YEAR WARRANTY, 3 SEASON SUNROOM, FRONT COURTYARD, 2 BEDROOM, 2 BATH CONDO, ALL APPLIANCES STAY, STOVE, FRIDGE, DISHWASHER, WASHER, DRYER, KITCHEN WITH ALOT OF COUNTERSPACE, LIVING ROOM WITH CATHEDRAL CEILING, FINISHED LOWER LEVEL WITH LIVING ROOM and FULL BATH., HOA covers Furnace, Hotwater heater, water sewer, outside maintenace, snow removal, WALK TO TOWN, SENIOR CENTER, BIKE AND WALKING PATHS, CLUBHOUSE AND POOL DON'T MISS OUT!!!

25106 Jefferson Ct Unit 4, South Lyon

Courtesy of Real Estate One-Brighton 8102275005
788 Stoney Dr, South Lyon
$364,900
4 Beds ⋅ 2 Baths ⋅ 20261079834 MLS
Welcome to this spacious 4-bedroom, 2-full-bath bi-level home, ideally situated on a premium corner lot in desirable South Lyon! Featuring a flexible floor plan, two distinct living areas, and several important recent improvements, this home offers the space, comfort, and peace of mind today's buyers are looking for. Step inside to a bright and inviting upper level featuring **recently installed laminate flooring** throughout the main living areas, creating a fresh and cohesive look. The spacious living room flows naturally into the dining area and kitchen, making this an inviting space for everyday living and entertaining. Three bedrooms are conveniently located on the upper level, while the lower level provides a fourth bedroom and spacious family room. The lower-level family room offers tremendous flexibility for movie nights, game days, recreation, a home office, workout area, or comfortable retreat. The fourth bedroom adds even more versatility for guests, an office, hobby space, or growing household needs. Major mechanical updates provide added peace of mind, including a **furnace and central A/C installed in 2022 with a transferable 10-year warranty**, plus a **new water heater installed in 2025**. These updates mean several of the home's major systems have already been addressed, allowing the next owner to focus on enjoying the home. Outside, the premium corner-lot setting provides additional outdoor space and great curb appeal. The location puts you close to everything that makes South Lyon so appealing, including shopping, dining, parks, recreation, and community events. Enjoy the charm of Downtown South Lyon, explore the Huron Valley Trail, or take advantage of nearby outdoor destinations including Island Lake State Recreation Area and Kensington Metropark. Don't miss the opportunity to make this versatile home your own!

788 Stoney Dr, South Lyon

Courtesy of NextHome Statewide Real Estate 5175469060
1092 Paddock Dr Unit 80, South Lyon
$399,900
2 Beds ⋅ 2 Baths ⋅ 20261079825 MLS
Detached ranch condo in Lexington Place, impeccable and spotless throughout. Covered front porch and newer rear patio, high ceilings and fireplace in living room, open kitchen with granite counters, library/office with french doors. Updated hardwood floors in foyer, office, dining room, and living room. Primary suite with jetted tub and separate shower. Closets with built in storage. Huge unfinished basement with egress window ready for finishing, plumbed for full bath. Epoxy floors in garage. Close to downtown South Lyon, the Rail Trail walking/biking path, and near South Lyon High School. Hurry on this one, won't last!

1092 Paddock Dr Unit 80, South Lyon

Courtesy of Household Real Estate LLC 5865730300
25225 Potomac Dr Unit 8, South Lyon
$125,000
2 Beds ⋅ 2 Baths ⋅ 81026052538 MLS
Remodeled 2 bedroom 2 bath ranch end unit. Luxury vinyl plank flooring. Beautifully updated kitchen with island. Granite counter tops. Newer appliances, and a room with a water view. Open floor plan. Updated bathroom vanity and flooring. Basement has newer carpeting and cabinets and a mini bar/kitchen. New Wall side windows with custom blinds. Association dues include water and gas. Club house with pool and walking trails. pets allowed. This is a 55 + Co-op. Easy application process. Must be approved by Timmons management 313-871-1124. $75 for initial applicant and $45 for additional.

25225 Potomac Dr Unit 8, South Lyon

Courtesy of Majestic Homes Realty 7344559339
229 Brookwood Dr, South Lyon
$168,900
1 Beds ⋅ 1 Baths ⋅ 20261079382 MLS
Move-in ready first-floor 1-bedroom, 1-bath condo packed with updates and character! Enjoy an electric fireplace, Andersen windows, and a stunning built-in library with a rolling ladder. The updated kitchen features newer appliances, tile backsplash and RO system. A converted closet creates the perfect cozy home office with its own wall heater. Updated bath includes an ADA-compliant walk-in shower. Major updates include Anderson windows, NEW furnace, A/C and electronic air filter in 2026, water heater in 2025, additional wall insulation, and new front and screen doors. Washer, dryer and chest freezer included, plus assigned carport. Enjoy resort-style amenities including indoor and outdoor pools, hot tub, clubhouse, fitness room, and tennis courts. Low-maintenance first-floor living is waiting for you!

229 Brookwood Dr, South Lyon

Courtesy of KNE Realty 360, Inc 2484299383
323 E Liberty St, South Lyon
$369,999
3 Beds ⋅ 2 Baths ⋅ 20261079032 MLS
**WELCOME HOME TO THIS ABSOLUTELY STUNNING 1,700+ SQ. FT. HOME LOCATED JUST A SHORT WALK FROM VIBRANT DOWNTOWN SOUTH LYON**FROM THE MOMENT YOU ARRIVE, YOU'LL FALL IN LOVE WITH THE INCREDIBLE CURB APPEAL FEATURING A COZY COVERED FRONT PORCH THAT WELCOMES YOU HOME**INSIDE, YOU'LL FIND THE PERFECT BLEND OF CHARACTER, CHARM, AND MODERN UPDATES**THE INVITING LIVING ROOM FLOWS SEAMLESSLY INTO THE OPEN CONCEPT KITCHEN AND FORMAL DINING AREA, CREATING AN IDEAL SPACE FOR BOTH EVERYDAY LIVING AND ENTERTAINING**THE MAIN FLOOR FEATURES TWO VERSATILE ROOMS CURRENTLY USED AS A BEDROOM AND A HOME OFFICE**WITH AN UPDATED FULL BATHROOM, AND THE CONVENIENCE OF FIRST-FLOOR LAUNDRY**UPSTAIRS, ESCAPE TO YOUR SPACIOUS PRIMARY SUITE COMPLETE WITH A BEAUTIFULLY UPDATED CUSTOM PRIMARY BATH, WALK-IN CLOSET, AND PLENTY OF PRIVACY**THE FULL 1,100+ SQ FT BASEMENT PROVIDES ABUNDANT STORAGE SPACE OR THE OPPORTUNITY TO FINISH FOR ADDITIONAL LIVING AREA**STEP OUTSIDE TO ENJOY THE HUGE FULLY FENCED BACKYARD FEATURING AN AMAZING PATIO**THE PERFECT PLACE TO RELAX OR ENTERTAIN DURING SUMMER AND FALL EVENINGS**THE OVERSIZED 2.5 CAR GARAGE OFFERS PLENTY OF ROOM FOR VEHICLES, TOOLS, AND TOYS. **ADDITIONAL UPDATES INCLUDE NEWER WINDOWS AND ROOF, GIVING YOU PEACE OF MIND FOR YEARS TO COME**LOCATED IN THE HIGHLY DESIRABLE SOUTH LYON SCHOOL DISTRICT**THIS HOME OFFERS THE PERFECT COMBINATION OF LOCATION, SPACE, CHARM, AND MODERN CONVENIENCES**DON'T MISS YOUR OPPORTUNITY TO MAKE THIS EXCEPTIONAL HOME YOURS**IMMEDIATE OCCUPANCY**

323 E Liberty St, South Lyon

Courtesy of Century 21 Curran & Oberski 3132747200
62072 Yorktown, South Lyon
$134,900
2 Beds ⋅ 2 Baths ⋅ 20261076048 MLS
Bright 2-Bed, 2-Bath Condo with Finished Basement & Amenities. This inviting 900 sq.ft. condo features a vaulted living room, luxury vinyl floors, and a functional galley kitchen. Enjoy the bonus 3-seasons room for extra relaxation space. The finished 800 sq.ft. basement adds a spacious family room, flex room, and full bath—perfect for guests, hobbies, or a second living zone. Updates include new windows (2023), plus a newer hot water heater and boiler for peace of mind. Residents also enjoy a clubhouse and pool. *Immediate occupancy* Move-in ready comfort with great 55+ Community perks. This unit has 2 designated parking spaces #4

62072 Yorktown, South Lyon

Courtesy of KW Professionals Brighton 8102247900
24323 Heatherwood Dr, South Lyon
$415,000
3 Beds ⋅ 3 Baths ⋅ 81026049308 MLS
Welcome home to this beautiful, thoughtfully updated condo offering an abundance of open living space, generous storage, and an inviting layout perfect for both everyday living and entertaining. Numerous recent updates provide peace of mind, including a new furnace (2022), fresh interior paint (2023) and new carpet (2021), and a new washer and dryer, water softener, and water heater (2025). A new back screen door was also added in 2025. The home features plenty of walk-in closets making organization easy and convenient. Located in a peaceful, quiet community with a great location close to everyday amenities, shopping, dining, and more. A special assessment has been established for new community roofs and gutters. This well-maintained condo combines comfort, space, updates, and convenience--ready for its next owner to move in and enjoy!

24323 Heatherwood Dr, South Lyon

Courtesy of Century 21 Curran & Oberski 7344646400
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