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Homes Under $500,000 in Lake Point, Utah
Lake Point sits at the north end of Tooele County, tucked against the Oquirrh Mountains along the shore of the Great Salt Lake, about a 25-minute drive from downtown Salt Lake City via I-80. It's a small, quiet unincorporated community with a mix of older ranch homes, newer construction in developments like Harker Bay, and a handful of acreage properties that still carry a semi-rural feel. Because Tooele County land and construction costs run lower than Salt Lake County, Lake Point remains one of the more accessible spots for buyers who want mountain and lake views without a Salt Lake City price tag — and homes under $500K here still include solid 3-4 bedroom single-family houses, not just condos or older mobile homes.
Buyers drawn to this price range are typically commuters trading a longer drive for a bigger lot, first-time buyers priced out of Salt Lake and Utah counties, or people who want a bit of breathing room without leaving easy freeway access to the airport, downtown, or the tech corridor along the west side. Inventory in Lake Point is thin compared to bigger cities, so homes under $500K move differently than in high-volume markets — a well-priced listing can go fast, while an overpriced one can sit. Browse the active listings below to see what's currently on the market.
June 2026 · Lake Point market
Live from the Utah MLS — what's actually happening in Lake Point right now.
Median sale
$650,490
4 closed in June 2026
Median DOM
211 days
listing → contract
Sale-to-list
98.5%
of final list price
Unsold inventory
25
active + pending
2 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.