Lakeville Homes under $500,000

Welcome to Lakeville, Indiana—a charming town nestled in the heart of St. Joseph County, where small-town charm meets modern convenience. With its friendly community, picturesque landscapes, and a rich history, Lakeville is an ideal place for families, professionals, and retirees alike. Just a short drive from the bustling city of South Bend, residents enjoy the best of both worlds: the tranquility of suburban living and easy access to urban amenities.

Lakeville boasts a variety of recreational opportunities, including beautiful parks, scenic walking trails, and community events that bring neighbors together. The town's commitment to maintaining its green spaces ensures that residents can enjoy outdoor activities year-round. Additionally, Lakeville is served by well-regarded schools, making it a desirable location for families seeking quality education for their children.

For those looking to make Lakeville their home, the real estate market offers an impressive selection of charming properties—all under $500,000. Whether you're searching for a cozy single-family home with a spacious backyard or a modern townhouse with contemporary finishes, you'll find a range of options that cater to diverse tastes and lifestyles. These homes provide not only affordability but also the opportunity to invest in a growing community filled with potential.

With its welcoming atmosphere, strong sense of community, and affordable housing options, Lakeville is more than just a place to live—it's a place to call home. Come explore the possibilities and discover why so many are choosing to settle down in this delightful Indiana town!

Newest Lakeville Homes under $500,000

$189,900

2 Beds ⋅ 1 Baths ⋅ 202637679 MLS ⋅ 864 SqFt. ⋅ Phyllis DeVorkin

This well-maintained 2 bedroom, 1 bath home in Lakeville offers comfortable living with timeless appeal. Hardwood flooring throughout adds warmth and character, while the open layout creates an inviting flow between living spaces. The kitchen features ample cabinetry for storage and everyday convenience. Outside, the front porch provides a peaceful spot to relax while you sip your morning coffee. A wonderful opportunity to make a house your home.

215 Rush St, Lakeville

Listing courtesy of Phyllis DeVorkin from Berkshire Hathaway HomeServices Northern Indiana Real Estate. 574-284-2600

$69,000

2 Beds ⋅ 1 Baths ⋅ 202636816 MLS ⋅ 816 SqFt. ⋅ Beverly Fisher

This could be the winter project you are looking for. Originally 3 bedrooms and 1 bath. With your imagination it could be your dream home in small town Lakeville. Close to Potato Creek State Park and the Newton Center. Furnace is in the attic with access in hallway between two bedroom.

111 N Grand St, Lakeville

Listing courtesy of Beverly Fisher from Weichert Rltrs-J.Dunfee&Assoc..

$409,900

4 Beds ⋅ 3 Baths ⋅ 202635970 MLS ⋅ 2,062 SqFt. ⋅ Eric Kovalak

New construction home in Morningside in the Union-North United School Corp. Spanning 2,062 square feet, this two-story home invites you to enjoy 4 bedrooms and 2.5 baths designed for everyday living that brings people together in open, welcoming spaces while still providing quiet places to unwind and recharge. The great room is thoughtfully positioned at the front of the home, creating an inviting living space while maintaining open sight lines into the kitchen for a layout that feels intentionally designed. The kitchen blends style and functionality with quartz countertops, painted craftsman-style cabinetry, and a full stainless steel appliance package including the refrigerator. At the center of the space, a spacious 48-inch prep island with pendant lighting above and an extended edge for barstool seating offers additional workspace and a natural gathering spot. The layout flows seamlessly into a large dining nook. Just off the nook, a dedicated den is tucked at the rear of the home, providing a flexible space ideal for a home office, reading room, or creative studio with a bit of separation from the main living areas. Upstairs, all four bedrooms are generously sized and thoughtfully grouped together. The primary suite offers a private escape, complete with its own bath and a large walk-in closet. The additional bedrooms provide comfortable space for guests, hobbies, or extra workspace. Situated on a desirable daylight homesite, this home features an unfinished basement with three daylight windows, bringing in natural light and offering excellent potential for future finished living space. Designed for efficiency and everyday functionality, this home brings together flexible living space, modern finishes, and thoughtful design in a setting that feels both practical and inviting. RESNET energy smart construction will save an estimated $950 annually. Actual savings may vary. See HERS® Rating Certificate and Energy Smart Flyer for details. Home includes a 10-year structural warranty, offering lasting peace of mind.

902 Breezewood Dr, Lakeville

Listing courtesy of Eric Kovalak from Copper Bay Realty, LLC.

$59,900

2 Beds ⋅ 1 Baths ⋅ 202629401 MLS ⋅ 1,102 SqFt. ⋅ Brad Beer

Opportunity is Knocking! Check out this fixer-upper- with a light rehab could make a great flip, home to live in, or rental to add to your portfolio. You will love the massive 26'X40' garage- great for vehicles, toys, tools, man-cave - you name it! House is located on large lot on a quiet street. The seller is accepting cash-only, AS-IS offers from buyers prepared to close quickly. The seller has never lived in the home and provides limited information—buyers and their agents are responsible for verifying room dimensions, square footage, zoning, utilities, and school details.

309 S Main St, Lakeville

Listing courtesy of Brad Beer from Heart City Realty LLC. Cell: 574-596-0376

$349,000

3 Beds ⋅ 3 Baths ⋅ 202610225 MLS ⋅ 1,719 SqFt. ⋅ Connie Abels

Like being on Vacation ALL Year Long! Own a piece of the LAKE! This beautiful Riddles Lake home was custom-built in 1979 and has been meticulously maintained. This lake home has 55ft of lake frontage, 3 bedrooms + Loft, 2.5 baths, family room, sunroom, full basement, and garage. Secluded on a private road with just a few other homes, this home offers a private refuge from the bustle of the city, a perfect get-away, a perfect Air B&B opportunity, or make this your full-time home! BE SURE TO DOWNLOAD ADDITIONAL INFO TO SEE ALL OF THE FEATURES OF THIS LOVELY HOME! Step-down living room with approx 14' slope beamed ceiling, wbfpl, with stone hearth, sliding door to deck/yard/lake. Well planned chef's kitchen with abundant wood cabinets with roll-out lowers, dbl bowl sink under large bright windows, meticulously maintained appliances including dishwasher, double oven with large faux brick arch over cooktop with see thru counter to dining room with breakfast bar, perfect for your sous-chef to chop veggies. Two pantry cupboards and a built-in desk w light. Formal dining room for comfortable entertaining. Step-down to family room with wood burning stove for cozy evenings, which leads to enclosed 3-season sunroom, perfect for enjoying your morning coffee or a glass of wine. 3 slider-door Sunroom that leads to wood deck, for grilling and chilling. Awesome loft over family room to provide office, study, extra sleep areas or? King sized primary bdrm with en suite full bath, raised area for desk/table, 2 lg closets. Door to deck from bedroom. Main level full bath w shower. Upstairs 2 other bedrooms plus 1/2 bath. Bonus huge storage area upstairs would allow to add a shower to upstairs bath. Main level laundry room with washer/dryer, folding table/cabinets. High Speed internet is available thru BriteSpeed or Fiber. Full, dry basement w tall ceiling, slop sink, work table, extra freezer. 200amp electric. 1 Car attached garage. HUGE gentle sloped yard leading to lake with plenty of room for family fun, volley ball, cornhole and more. Enjoy Riddles Lake swimming, fishing, kayaking, canoeing on this remote, quiet lake. A sweet retreat ideal for primary living, a 2nd home get-away, or airBNB. Don't miss this opportunity for this lovely home and lakefront property! Be sure to download additional information for extra details.

67833 Lake Trail Rd, Lakeville

Listing courtesy of Connie Abels from Connie Abels, Managing Broker.

$374,900

4 Beds ⋅ 3 Baths ⋅ 202615313 MLS ⋅ 2,062 SqFt. ⋅ Eric Kovalak

Ready in November! New construction home in Morningside in the Union-North United School Corp. Spanning 2,062 square feet, this two-story home invites you to enjoy 4 bedrooms and 2.5 baths designed for everyday living that brings people together in open, welcoming spaces while still providing quiet places to unwind and recharge. The great room is thoughtfully positioned at the front of the home, creating an inviting living space while maintaining open sight lines into the kitchen for a layout that feels intentionally designed. The kitchen blends style and functionality with quartz countertops, painted craftsman-style cabinetry, and a full stainless steel appliance package including the refrigerator. At the center of the space, a spacious 48-inch prep island with pendant lighting above and an extended edge for barstool seating offers additional workspace and a natural gathering spot. The layout flows seamlessly into a large dining nook, where sliding glass doors open to a 10x10 patio and backyard—an ideal setting for outdoor cooking, dining, or entertaining while extending the living space beyond the interior. Just off the nook, a dedicated den is tucked at the rear of the home, providing a flexible space ideal for a home office, reading room, or creative studio with a bit of separation from the main living areas. Upstairs, all four bedrooms are generously sized and thoughtfully grouped together. The primary suite offers a private escape, complete with its own bath and a large walk-in closet. The additional bedrooms provide comfortable space for guests, hobbies, or extra workspace. Designed for efficiency and everyday functionality, this home brings together flexible living space, modern finishes, and thoughtful design in a setting that feels both practical and inviting. RESNET energy smart construction will save an estimated $950 annually. Actual savings may vary. See HERS® Rating Certificate and Energy Smart Flyer for details. Home includes a 10-year structural warranty, offering lasting peace of mind.

901 Breezewood Dr, Lakeville

Listing courtesy of Eric Kovalak from Copper Bay Realty, LLC.

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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 of 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. Some listings have been excluded from this website.