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Homes Under $500,000 in Lake Point, Utah
Lake Point sits at the northwest edge of Tooele County, tucked against the Oquirrh Mountains along the south shore of the Great Salt Lake, about a 25-minute drive from Salt Lake City via I-80. It's an unincorporated community, which means larger lots and fewer subdivision restrictions than you'll find in most Salt Lake Valley cities, and that space is exactly why homes under $500K still exist here while comparable inventory in Herriman or South Jordan has largely priced out of that range. Buyers moving out from the Wasatch Front for acreage, horse property, or just a quieter commute-friendly setting have made Lake Point one of the few spots left where a detached single-family home with room to spread out is realistic at this price point.
Most of what shows up under $500K here is a mix of older ranch and split-level homes on half-acre-plus lots, along with newer construction in the Silver Rock and adjacent developments as builders fill in remaining parcels. Inventory moves fast when it lands in this range, since Tooele County continues to draw commuters priced out of Salt Lake and Utah counties. Expect a rural feel with mountain and lake views, well or secondary water on some parcels, and quick access to I-80 for Kennecott, the airport, or downtown SLC. Browse the active listings below to see what's currently on the market.
August 2026 · Lake Point market
Live from the Utah MLS — what's actually happening in Lake Point right now.
Median sale
$586,062
2 closed in August 2026
Median DOM
43 days
listing → contract
Sale-to-list
99.8%
of final list price
Unsold inventory
30
active + pending
4 matching · page 1 of 1
Active listings
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Common questions
About homes under $500k in Lake Point.
What kind of home can I realistically get under $500K in Lake Point? ▾
Most listings in this range are 3-4 bedroom single-family homes between 1,800 and 2,800 finished square feet, often on quarter-acre to half-acre lots. You'll also see townhomes in the $350K-$425K band and the occasional manufactured home on owned land closer to $300K. New construction at this price point is rare but does pop up at the entry level of builder offerings.
Are there HOAs in Lake Point neighborhoods? ▾
It depends on the subdivision. Older parts of Lake Point along Lakeview and the SR-36 corridor are typically HOA-free, while newer developments like Saddleback and some townhome projects carry monthly dues in the $50-$150 range. If avoiding an HOA matters to you, focus on properties built before the mid-2000s.
Is the commute to Salt Lake City manageable from Lake Point? ▾
Yes, for most schedules. I-80 east from the Lake Point exit puts you at the SLC airport in about 25 minutes and downtown in around 30 outside of peak hours. Morning rush can add 10-15 minutes, and winter inversions or canyon weather occasionally slow things down, but it's a more predictable drive than coming from Tooele City.
Can I have horses or livestock on properties in this price range? ▾
Some lots in Lake Point are zoned for horses and small livestock, particularly the larger parcels on the west side and along Saddleback Boulevard. Township zoning varies block by block, so always verify with Tooele County before assuming animal rights transfer with the property. Many sub-$500K homes here were originally built with that rural use in mind.
Do homes in Lake Point use well water and septic, or city utilities? ▾
It's a mix. Newer subdivisions are typically on culinary water through North Tooele County and sewer, while older properties may have private wells, shared wells, or septic systems. Septic inspections and water rights documentation are worth requesting during due diligence, especially on rural-feeling lots.
How does Lake Point compare to nearby Stansbury Park or Tooele under $500K? ▾
Lake Point usually offers larger lots and a more rural feel than Stansbury Park, which has more amenity-driven HOA neighborhoods around the lake and golf course. Tooele City proper tends to have more inventory and slightly lower prices, but adds 10-12 minutes to the SLC commute. Lake Point is the sweet spot for buyers who want acreage potential without losing freeway access.