Lakewood Homes under $500,000

Lakewood Homes under $500,000

Welcome to Lakewood, Florida – a charming subdivision that perfectly blends serene living with modern conveniences. Nestled in the heart of the Sunshine State, Lakewood offers a picturesque setting characterized by lush landscapes, tranquil lakes, and a friendly, welcoming community. This vibrant neighborhood is ideal for families, retirees, and anyone seeking a peaceful retreat without sacrificing access to urban amenities.

One of the standout features of Lakewood is its impressive selection of homes priced under $500,000. Whether you’re a first-time homebuyer or looking to downsize, this subdivision has something for everyone. The homes here boast a variety of architectural styles, from cozy single-family residences to spacious townhouses, each designed to cater to diverse tastes and lifestyles. Many properties feature modern updates, open floor plans, and beautiful outdoor spaces perfect for entertaining or enjoying Florida’s year-round sunshine.

Living in Lakewood means enjoying a wealth of recreational opportunities. Residents can take advantage of nearby parks, walking trails, and scenic lakes, which provide the perfect backdrop for outdoor activities like fishing, jogging, or simply soaking up the sun. The community is also conveniently located near shopping centers, restaurants, and top-rated schools, making daily life both enjoyable and convenient.

In Lakewood, you’ll find not just a house but a place to call home. Experience the charm and warmth of this delightful subdivision, where your dream home awaits at an affordable price. Come discover why Lakewood is the perfect place to invest in your future!

Newest Lakewood Homes under $500,000

34390 Orchid Parkway, Dade City
$236,000
3 Beds ⋅ 2 Baths ⋅ Lakewood SubDv. ⋅ 33523 Zip Code
34390 Orchid Pkwy is a one-story Dade City home with 1,157 square feet, three bedrooms and two bathrooms. The kitchen has a refrigerator, range, microwave and dishwasher, with counter space and open shelving above the sink. Its open connection to the living room keeps the main spaces together. The primary bedroom sits apart from the two secondary bedrooms and has an attached bathroom with a shower enclosure. A second bathroom includes a tub-shower combination. Outside, a covered patio faces the lawn and a detached storage shed. A separate laundry room with hookups adds utility to the layout. Included 100-Day Home Warranty with buyer activation

34390 Orchid Parkway, Dade City
5223 Azalea Circle, Dade City
$259,900
2 Beds ⋅ 1 Baths ⋅ Lakewood SubDv. ⋅ 33523 Zip Code
Virtually Staged. Welcome to this well-maintained 2-bedroom, 1-bath home offering 1,119 square feet on a fully fenced .69-acre lot with NO HOA! Tucked away in a quiet neighborhood yet conveniently located just about 4 miles from I-75, grocery stores, restaurants, and everyday conveniences, this property offers plenty of space both inside and out. Step inside to an open living and dining area with a spacious kitchen featuring wood cabinetry and plenty of workspace. Brand-new laminate flooring was installed in 2026 as well as fresh, new interior paint, adding a fresh, updated look throughout the home. Just off the living room is a Florida room overlooking the rear deck and pool area, creating a great additional space to relax or entertain. Several important updates have already been completed, including a new water heater, new electrical circuit breaker panel, new toilet and new above-ground pool liner, all in 2026. The A/C is approximately 3 years old, and most of the home features updated double-pane windows. Outside, enjoy a large wooden deck surrounding the above-ground pool, along with a separately fenced pool area for added privacy and separation from the rest of the yard. The expansive property is fully fenced with two manual gates and backs to wooded property with no immediate rear neighbor. Need room for vehicles, hobbies, tools, or storage? This property delivers with an impressive 25x30 detached metal garage, a one-car carport, laundry room, attached storage area, plus an additional detached shed/shop at the rear of the property. The floor plan also highlights the oversized detached garage and separate shop/storage space. With nearly three-quarters of an acre, plenty of parking and storage, a pool, and no HOA restrictions, there is room here to truly make the property your own. Seller reports the property did not experience flooding during the 2024 storms. Property is located in Flood Zone AE; flood insurance may be required depending on financing. A unique combination of space, privacy, convenience, and recent improvements — come see everything this property has to offer!

5223 Azalea Circle, Dade City
3607 S Lakewood Drive, Tallahassee
$90,000
3 Beds ⋅ 1 Baths ⋅ Lakewood SubDv. ⋅ 32305 Zip Code
Unlock the potential at 3607 S Lakewood Dr in Tallahassee! This 3-bedroom, 1-bath home is a prime opportunity for investors, flippers, or buyers looking to create value with a little vision and TLC. Situated on a spacious lot, this property offers a solid layout and great bones, making it the perfect canvas for your next renovation project. Whether you're looking to add to your rental portfolio or complete a profitable flip, this fixer-upper is priced to sell and full of possibilities. Conveniently located near schools, shopping, and major roadways, the location adds to its strong investment appeal. Don't miss your chance to turn this diamond in the rough into something special--schedule your showing today!

3607 S Lakewood Drive, Tallahassee
5125 Lakewood Drive, Dade City
$135,000
3 Beds ⋅ 2 Baths ⋅ Lakewood SubDv. ⋅ 33523 Zip Code
Your Next HGTV Episode Starts Here! This gutted 0.79-acre lakefront lot in Dade City is the ultimate blank canvas. Roof replaced in 2021 = built-in savings for your renovation budget. Lake views and access, a cozy wood-stove fireplace, and a patio with serious potential, all tucked into a quiet, established neighborhood minutes from everything small-town Dade City has to provide. Bring your vision and transform this diamond in the rough to your dream lake house.

5125 Lakewood Drive, Dade City
34473 Orchid Parkway, Ridge Manor
$390,000
2 Beds ⋅ 2 Baths ⋅ Lakewood SubDv. ⋅ 33523 Zip Code
Oversized 2-bedroom, 2-bath home with incredible potential to be a 3 bedroom home. This spacious property offers plenty of floor space to easily add one or even two additional bedrooms making a perfect for growing families or those needing extra room. Step inside to a large, open living area that flows seamlessly into a bright and inviting Florida room filled with natural light- ideal for relaxing, entertaining, or creating your own personal retreat. With ifs flexible layout and a generous square footage, this home is ready for your vision. Don't miss the opportunity to make this versatile and light-filled home your own.

34473 Orchid Parkway, Ridge Manor
34746 Gardenia Way, Dade City
$300,000
3 Beds ⋅ 3 Baths ⋅ Lakewood SubDv. ⋅ 33523 Zip Code
Welcome to your 3 bedroom / 3 bathroom / carport home! As you pull into the driveway, you'll notice all the beautiful, mature trees surrounding the property. You will get a total of 3 lots that adds up to one Acres. This is a beautifully maintained home that is move in ready. natural light in the front Picture window making home peaceful. The layout feels open and has very unique features. Metal Roof, New Windows 2023, laminate and ceramic tile, New Water Heater, Solar Panels installed July 2023. Home has been updated. Crown Molding and recessed lights. New Flooring throughout. Updated Kitchen and more.... NO HOA - NO CDD. This Property will show up as Ridge Manor and Dade City! PRICE CUT

34746 Gardenia Way, Dade City
5503 Lakewood Circle E, Jacksonville
$259,900
3 Beds ⋅ 1 Baths ⋅ Lakewood SubDv. ⋅ 32207 Zip Code
Virtually Staged. One of the few fully cleared lots available in the neighborhood, this Lakewood property offers exceptional potential for homeowners, investors, or anyone looking for room to expand. Situated on an oversized lot with no HOA, the property features rear street access, making it ideal for storing a boat, RV, camper, work trailer, or other recreational vehicles while still leaving plenty of usable yard space. The home offers 3 bedrooms and 1 bathroom with original hardwood floors that can be refinished to restore their classic character. The kitchen includes solid-surface countertops, updated cabinetry, appliances, and a gas range. Major improvements provide added value, including double-pane windows, an HVAC system and water heater replaced within the past five years, and a brand-new roof to be installed by the seller prior to closing. Whether you're looking for a move-in-ready home with room to personalize or a property with a rare oversized cleared lot in an established community.

5503 Lakewood Circle E, Jacksonville
34696 Orchid Parkway, Dade City
$181,000
2 Beds ⋅ 2 Baths ⋅ Lakewood SubDv. ⋅ 33523 Zip Code
Opportunity awaits on this rare triple lot totaling approximately 1.05 acres in Lakewood. The existing home sustained flood damage and is being sold for land value. With three separate lots included, buyers have the potential to subdivide (subject to county approval), making this an excellent investment, redevelopment, or new construction opportunity. Enjoy plenty of space for your dream home, additional homesites, or future expansion in a convenient location with easy access to I-75, Dade City, Brooksville, and surrounding areas. Whether you're a builder, investor, or someone looking for acreage with development potential, this property offers endless possibilities.

34696 Orchid Parkway, Dade City
34798 Evergreen Way, Dade City
$289,900
3 Beds ⋅ 2 Baths ⋅ Lakewood SubDv. ⋅ 33523 Zip Code
WELCOME TO RIDGE MANOR! This 3 bed 1.5 bath home is being tastefuly renovated featuring CATHEDRAL CEILINGS! that adds an open and airy feel. Home offers many extras including a covered front porch for a welcoming spot to enjoy the shaded front yard, a beautiful fireplace, a floorplan that provides a functional layout with comfortable living spaces, updated lighting, fixtures, appliances and all new vinyl plank flooring throughout, a screened in lanai for relaxing outdoor living with added comfort and TWO BONUS ROOMS! for extra flexable space . Home sits on an oversized DOUBLE LOT! AT 0.80 acres with plenty of space for outdoor hobbies and entertaining. Enjoy the feel of a peaceful quiet neighborhood with easy access to nearby services and major routes for commuting. Schedule your showing to come and explore all of the potential this home has to offer.

34798 Evergreen Way, Dade City
148 Lake Otis Road, Winter Haven
$425,050
4 Beds ⋅ 3 Baths ⋅ Lakewood SubDv. ⋅ 33884 Zip Code
HUGE PRICE REDUCTION! SELLER VERY MOTIVATED! Come finish what was started in revitalizing and updating this spacious 4-Bedroom, 3-Bath Pool Home in the admired Lakewood Community. Nestled on an oversized lot with mature trees, this remodeled tri-level home offers a perfect blend of modern luxury and comfort. With a spacious layout, a private pool, and an abundance of natural light, this home is designed for both relaxation and entertaining. As you enter, you’ll immediately notice the bright and airy atmosphere created by large windows that allow natural light to flood the home. The home features stunning luxury vinyl plank flooring and a beautiful brick fireplace, adding warmth and character to the space. The kitchen is of good size and boasting sleek countertops, new modern appliances, and ample cabinet space. Enjoy casual meals in the eat-in kitchen or step outside to the screened-in porch, an ideal spot for dining al fresco or simply relaxing while overlooking the expansive backyard and pool. Come finish what was started, add your personal touches and make this house your beautiful home!

148 Lake Otis Road, Winter Haven
129 Lake Otis Road Se, Winter Haven
$325,000
5 Beds ⋅ 3 Baths ⋅ Lakewood SubDv. ⋅ 33884 Zip Code
Short Sale. This charming home is a diamond in the rough, waiting for the right owner to unlock its full potential. Located in a sought-after neighborhood of picturesque red brick homes, this property offers a unique opportunity for those with vision and ambition. This home is being sold as a short sale, making it an ideal project for those looking to invest in a renovation loan and transform it into one of the best investments on the street. Surrounded by beautiful homes with strong property values, this two-level home boasts 5 bedrooms (with potential for a 6th), three bathrooms, and 2579 square feet of living space. Inside, you'll find real hardwood floors, double-paned windows, a cozy wood-burning fireplace, and a double car garage, all situated on a spacious 0.32-acre lot. With a little TLC and creativity, this property has the potential to become a stunning showcase home that stands out in the neighborhood. Don't miss this opportunity to own a piece of Winter Haven's red brick charm and create the home of your dreams. Schedule a showing today and start envisioning the possibilities that await.

129 Lake Otis Road Se, Winter Haven
34796 Gardenia Way, Dade City
$248,900
3 Beds ⋅ 1 Baths ⋅ Lakewood SubDv. ⋅ 33523 Zip Code
Fully renovated and truly move-in ready, this home offers the perfect blend of style, functionality, and peace of mind in one of Dade City’s most convenient locations. Major upgrades completed in 2022—including a new roof and A/C—provide long-term value and confidence from day one. The interior showcases a modern, elegant design with well-distributed living spaces, abundant natural light, and a layout that feels both open and inviting—ideal for everyday living and entertaining. Every detail has been thoughtfully updated to deliver a clean, contemporary feel throughout. Nestled in a quiet area with easy access to major roads, shopping, schools, and local services, this property also features the added benefit of no HOA, offering greater flexibility and savings. A standout turnkey opportunity in Dade City—perfect for buyers seeking comfort, convenience, and a fully updated home ready to enjoy immediately.

34796 Gardenia Way, Dade City
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