Greenwood Homes under $500,000

Greenwood Homes under $500,000

Welcome to Greenwood, Arkansas—a hidden gem nestled in Sebastian County, where charm meets opportunity! This vibrant city is known for its friendly community, picturesque landscapes, and a rich history that captivates both residents and visitors alike. With a population that embraces the warmth of Southern hospitality, Greenwood is not just a place to live; it’s a place to call home.

One of the most appealing aspects of Greenwood is its affordability. If you’re in the market for a home under $500,000, you’ll find a diverse selection of properties that cater to various lifestyles and preferences. From cozy single-family homes with character to modern new builds equipped with the latest amenities, there’s something for everyone here. Many homes boast spacious yards, perfect for family gatherings or enjoying the serene Arkansas sunsets.

Greenwood is also conveniently located near major highways, making it easy to access neighboring cities while still enjoying the tranquility of small-town living. The city is home to excellent schools, beautiful parks, and a variety of local shops and restaurants that add to its charm. Whether you’re looking for a peaceful retreat or an active community, Greenwood offers the perfect balance.

Explore the possibilities that await you in Greenwood, where your dream home is just a visit away. With its affordable housing options and a welcoming community, it’s no wonder that so many are choosing to make Greenwood their forever home. Come discover the warmth and charm of this delightful city today!

Newest Greenwood Homes under $500,000

715 Excelsior Road, Greenwood
$240,000
3 Beds ⋅ 2 Baths ⋅ 1092184 MLS
Updated, move-in ready and perfectly situated on .73 acres in Greenwood! This 3-bedroom, 2-bath plus bonus room, home offers the space, updates and convenience you've been looking for. Inside, you'll find a comfortable layout with modern updates throughout, making this home easy to love and easy to live in. Outside, the property truly shines with a spacious 24' x 40' shop complete with electricity—perfect for a workshop, storage, hobbies, equipment or whatever you need the extra space for. Enjoy the benefits of Greenwood's award-winning schools while being close to shopping, dining, parks and all the everyday conveniences. If you're looking for a home with room to spread out, a great shop and a convenient location, this one deserves a look!

715 Excelsior Road, Greenwood
1269 N Ulmer Street, Greenwood
$399,900
3 Beds ⋅ 2 Baths ⋅ 1091270 MLS
Inside photos will be coming soon after estate sale. All property is situated on 10.94 private acres of land. See recent survey and full legal on attachments. Property to be sold AS IS and no sellers property disclosure. Main house is approximately 1730 square feet and 3 bedroom 2 bath. Guest house is approximately 600 Square feet with kitchen, bathroom and one bedroom. Separate work shop building 24x38.5 with electric plus storage building 16.5x30 with electric. Special assessment of 50.00 for the Greenwood Fire Department. Listing agent is related to the sellers.

1269 N Ulmer Street, Greenwood
2437 Brandywine Street, Greenwood
$355,000
3 Beds ⋅ 2 Baths ⋅ 1092098 MLS
Welcome home to East Village! This new construction 3 Bed/2 bath home is almost ready! Come see why Buddy and Kyle Loyd with L&L Development has once again been asked to build the Parade of Homes Showcase Home. L&L Homes are just built different. From the first step to the last, extra care is put into the homes built by L&L Development - a 4th generation construction company! L&L goes above and beyond what is "required by the codes." To increase the structural integrity of the home, extra steel is placed in the footings to strengthen the foundation of the home. Then L&L goes the extra mile with extra steel in the slab, mud sill anchors, corner anchors. L&L also makes Simpson Strong Ties standard in every build they complete. Next, your utility bills are the focus! This home has a spray foamed attic, an insulated garage door, and cellulose insulated exterior walls. Interior walls have been insulated as well to cancel out the noise from one room to another. L&L uses the best windows on the market and every door and window is sealed on the outside before the brick is laid, and on the inside before the sheetrock is hung. From there, only the best energy rated appliances and heat and air units make the cut for an L&L home! For the final touches, features like custom wood storage lockers, an oversized pantry, and using every spare inch for storage ensure that daily living in this home is convenient. This home has also been built with ADA accessible doorways and a walk in shower. Every step of the construction process is designed to make sure that you are not just buying a home you can afford, but that you are buying a home you can afford to live in each month! L&L Development goes the extra mile in every step of the process to ensure that you can focus your attention on making this house a home! Come sit down and see how L&L Development can make your dream home a reality!

2437 Brandywine Street, Greenwood
34 W Denver Street, Greenwood
$475,000
3 Beds ⋅ 2 Baths ⋅ 1092121 MLS
A place for home, hobbies & everything you love......SHOP HAPPY in Greenwood, Arkansas! If you’ve been searching for a Greenwood AR home with a shop, in-ground pool, RV/boat storage, safe room, and flexible living space, 34 W. Denver deserves a look! Custom built in 2002 with an addition completed in 2019, this 2,404 sq. ft. home offers 3 bedrooms, 2 full baths, 2 living areas, a split-bedroom floor plan, and a formal dining room that provides flexibility for an optional 4th bedroom. Inside, you’ll find no carpet, with laminate and ceramic tile flooring throughout, plus custom cabinetry, a vaulted living-room ceiling and an oversized mud/laundry room. The updated primary suite features a fully tiled walk-in shower, modern vanity, and walk-in closet. Need even more space? The attached 2-car garage includes approximately 340 sq. ft. of unfinished bonus space above, ready for future finishing. An 8×10 concrete safe room with 8-inch walls adds another hard-to-find feature. Now for the SHOP! The impressive 30×50 insulated shop is ready for ATVs, boats, camper/RV storage, antique or classic cars, woodworking, hobbies, equipment, or weekend projects. Features include a 14' drive-in door, 50-amp electrical service, pellet stove, mini-split cooling in the rear half, ½ bath, and additional 23×12 enclosed storage. Whatever your heart desires, there’s room for it here! Outdoor living is just as impressive with a 17×35 in-ground chlorine sport swimming pool, 16×28 covered patio (great for gathering), fully fenced yard, and plenty of space for entertaining, pets, gardening, or play. Security cameras and ample driveway parking add even more convenience. Home with shop and pool in Greenwood AR, RV/boat storage, safe room, bonus space, no carpet, fenced yard, and flexible 4-bedroom potential—this property packs an incredible amount of versatility into one address. The adjoining .33-acre lot is not included in the current price but is available for purchase with the home.

34 W Denver Street, Greenwood
3400 Fairhaven Cove, Greenwood
$439,000
4 Beds ⋅ 3 Baths ⋅ 1092048 MLS
Enjoy lake views and comfortable living in this well-maintained 4-bedroom, 3-bath home offering 2,594 square feet on a spacious 0.46-acre lot. With a versatile floor plan, quality finishes, and inviting indoor and outdoor spaces, this home offers plenty of room to live, work, and entertain. Inside, the living room is centered around a gas fireplace, while a separate dining room provides flexibility for formal dining, a home office, or additional living space. Granite countertops throughout add a clean, timeless finish. The spacious primary suite features a large walk-in shower and jetted tub, creating a comfortable retreat. Three additional bedrooms and two full bathrooms provide plenty of space for family, guests, or hobbies. Outside, enjoy both a covered patio and an open patio overlooking the private backyard. From relaxing at home to entertaining friends, the nearly half-acre lot gives you room to spread out while still enjoying an established neighborhood setting. Additional highlights include a new roof installed in 2023, attractive lake views from the front of the property, and convenient access to everything the surrounding area has to offer. Schedule your private showing and come see all this home has to offer.

3400 Fairhaven Cove, Greenwood
1103 Eastern Hills Drive, Greenwood
$479,000
4 Beds ⋅ 4 Baths ⋅ 1091984 MLS
Perched near the top of a quiet cul-de-sac street, this exceptional 4-bedroom, 4-bathroom home offers the perfect blend of privacy, functional design, and modern touches. Featuring a highly desirable split floor plan, the layout provides maximum privacy for the primary suite while maintaining an open, welcoming flow throughout the main living areas. At the heart of the home, the inviting living room centers around a cozy gas log fireplace, perfect for relaxing evenings. For those who work from home or need a quiet study, the fourth bedroom becomes a dedicated home office offering the ideal productive sanctuary. You will find a spacious second living space, offering endless possibilities as a game room, media center, or playroom. The property features a covered back patio that flows into an expansive backyard with an outdoor entertaining space, making it the perfect backdrop for weekend barbecues, morning coffee, or evening relaxation. Situated in a prime location, outdoor enthusiasts will love being just moments away from Vache Grasse Golf Course and Jack Nolan Lake. Seller has installed a block retaining wall, new lighting, flooring, range, water heater, gas range, garage door opener to name a few. Don't miss the chance to own this hilltop gem!

1103 Eastern Hills Drive, Greenwood
27 W Denver Street, Greenwood
$55,000
2 Beds ⋅ 1 Baths ⋅ 1091917 MLS
Imagine this 'fixer upper' becoming the perfect craftsman cottage. Great potential for a flip to sell, use as a rental or a buyer to remodel in their own style. New roof in 2024. Large side deck overlooks a shaded back yard. Nice location close to Main Street in Greenwood, Arkansas. No seller disclosures, current owner hasn't lived in the home or ever had utilities on since their purchase. Being sold As-is.

27 W Denver Street, Greenwood
620 N Ulmer Street, Greenwood
$259,900
3 Beds ⋅ 2 Baths ⋅ 1091821 MLS
Welcome home to this well-maintained 3-bedroom, 2-bath home offering 1,484 sq ft of comfortable living space! Located in the Greenwood school district and built in 2020. This home features modern finishes throughout, a functional layout, and the benefits of newer construction. Situated on a corner lot in a quiet subdivision, the property also offers a spacious fenced backyard with plenty of room to relax, entertain, or enjoy the outdoors. A great opportunity for buyers looking for a move-in-ready home in a peaceful neighborhood.

620 N Ulmer Street, Greenwood
662 Live Oak Drive, Greenwood
$275,000
3 Beds ⋅ 2 Baths ⋅ 1091699 MLS
This beautiful 3-bedroom, 2-bathroom home is located in the Oaks Subdivision. It features a split floor plan, an open kitchen, granite countertops, and all kitchen appliances. Features wood-look tile flooring throughout the main areas and carpet in the bedrooms. The property is conveniently located close to Bell Park and Greenwood Schools. Enjoy scenic views from your covered patio.

662 Live Oak Drive, Greenwood
103 Grand Brook Drive, Greenwood
$125,000
3 Beds ⋅ 2 Baths ⋅ 1091749 MLS
Unlock instant equity in this rock-solid, mostly brick home! Perfectly priced to allow for your custom upgrades, this property is a dream come true for buyers wanting to design their perfect space OR buyers looking for income potential. Built to last with excellent structural integrity, the home features a convenient 1-car garage and a fully fenced backyard—perfect for pets, gardening, or entertaining. Nestled in a great location with easy access to Highway 71 and top-rated Greenwood schools, it offers the ultimate mix of convenience and potential. Bring your favorite design ideas and turn this diamond in the rough into someone's dream home! (be watching for more pictures to come soon)

103 Grand Brook Drive, Greenwood
2515 Wickham Court, Greenwood
$399,800
4 Beds ⋅ 2 Baths ⋅ 1091382 MLS
Welcome to this beautiful modern craftsman nestled in a peaceful cul-de-sac within Greenwood’s newest neighborhood. This thoughtfully designed home offers a spacious three car garage, an inviting double front door entry with cedar accents, and a backyard retreat overlooking mature trees and a dedicated natural green space. Enjoy outdoor living with a 15 foot covered patio plus an additional 15 foot open patio, providing plenty of room for relaxing or entertaining. Inside, the four bedroom split floor plan offers both privacy and functionality, while the open concept design connects the living and dining areas with expansive wall to wall windows. The kitchen is a true centerpiece, featuring gorgeous cabinetry, quartz countertops, a 7.5 foot island, and a generous walk-in pantry. The primary suite provides a relaxing escape with a beautiful trey ceiling, large walk-in closet, and an ensuite bathroom complete with an elegant oval soaking tub and spacious two-person tile shower. With its combination of modern finishes, thoughtful design, abundant natural light, and inviting outdoor spaces, this newly constructed home is ready to welcome your family home.

2515 Wickham Court, Greenwood
2904 Cedar Valley Drive, Greenwood
$499,000
4 Beds ⋅ 4 Baths ⋅ 1091207 MLS
Stunning renovated 4-bedroom, 3.5-bath home on approximately 3.5 acres, located just outside Greenwood city limits off Highway 71 S. The updated floor plan added 1.5 baths and features a redesigned kitchen with updated soft-close cabinetry, luxury vinyl plank flooring, fresh interior texture and paint, and champagne bronze fixtures throughout. The vaulted living area offers skylights and custom railing. The primary suite features a custom-tiled shower, soaker tub, tankless water heater, large walk-in closet, and dedicated stacked washer/dryer connections, giving the home two laundry areas. A second primary bath features easy-maintenance Sentrel shower panels. Extensive updates, acreage, and a convenient location make this property a must-see! List agent is related to seller.

2904 Cedar Valley Drive, Greenwood
Start Your Search