bds
|
ba
|
sqft
ac lot
|
car garage
|
|
Homes Under $500,000 in Lake Point, Utah
Lake Point sits on the south shore of the Great Salt Lake in Tooele County, just off SR-36 and I-80, about 25 miles west of downtown Salt Lake City. It's a small, mostly newer community of subdivisions built since the early 2000s, and that's why the under-$500K range matters here. Prices in Lake Point have generally run below Salt Lake and Davis County, so a budget of $500,000 or less can often cover a single-family home with a three-car or large two-car garage, a decent yard, and four or more bedrooms. Expect many listings to be two-story or rambler homes from the 2000s through the 2010s, plus some newer builds in the nearby Stansbury Park and Erda corridor.
The trade-offs are worth knowing before you tour. The commute to Salt Lake's west side, the airport, or Kennecott runs roughly 25 to 35 minutes, and I-80 traffic and winter wind can slow it. Schools are in the Tooele County School District, and you should confirm assigned schools by address. Some lots are on the larger side, and you may notice the smell of the lake in certain summer conditions, so visit at different times of day. Property taxes are generally moderate. Homes priced right tend to move quickly, so it helps to be pre-approved. Browse the active listings below to see what's currently on the market under $500K.
September 2026 · Lake Point market
Live from the Utah MLS — what's actually happening in Lake Point right now.
Median sale
$750,000
5 closed in September 2026
Median DOM
31 days
listing → contract
Sale-to-list
99.5%
of final list price
Unsold inventory
23
active + pending
4 matching · page 1 of 1
Active listings
New homes under $500k in Lake Point, straight to your inbox
We'll email you the moment a new one hits the MLS. Free, and you can stop anytime.
Prefer the map?
See all 4 homes under $500k on a map
Pan around Lake Point and refine by drawing your own boundary.
Homes Under $500K nearby
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.