Homes for Sale Under $500,000 in The Lakes, NV
Right now 27 homes in The Lakes are listed at $500,000 or less, with a median list price of $440,000. All of them sit in ZIP 89117. The biggest clusters are Baycliff Creeks and Park Oasis, followed by Bluffs and Reflections At The Lakes. Baycliff Creeks mostly lists below $300K, while the other three typically fall between $300K and $500K.
Single-family houses make up a little over half of the mix, condominiums come next at roughly a third, and townhouses are a smaller share. About two in five are single-story. Private pools are uncommon at this price. Nearly all of these homes were built before 1990, so the age of the roof, HVAC, water heater, plumbing and windows deserves a close look, and a thorough inspection is worth the cost.
Condos and townhouses carry monthly HOA dues that vary by building and subdivision, so compare what the dues cover before you compare list prices. The listings below show photos, square footage and HOA details for each home.
September 2026 · Las Vegas market
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Home sales in Las Vegas. Based on information from the Las Vegas REALTORS® Multiple Listing Service for the period September 1, 2026 through September 30, 2026.
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Common questions
About homes under $500k in The Lakes.
Which Lakes subdivisions have the most homes under $500,000? ▾
Baycliff Creeks and Park Oasis hold the largest shares right now, with Bluffs and Reflections At The Lakes close behind. Baycliff Creeks typically lists under $300K, while the other three mostly fall between $300K and $500K. Everything on this page is in ZIP 89117, and the rest are spread across many smaller subdivisions.
Should I buy a condo or a house in The Lakes at this price? ▾
Both are well represented. Houses are the largest group, and condos make up roughly a third of the listings, with townhouses a smaller share. A condo usually means a lower list price but monthly dues and shared walls or exterior upkeep handled by the association, while a house gives you more control and more maintenance. Compare the total monthly cost, not just the list price.
How big are homes under $500,000 in The Lakes? ▾
The median size is 1,389 square feet, and the median price per square foot is $288. Condos and townhouses tend to be on the smaller end of what is listed, and houses are larger, but check each listing for the exact figure.
What do HOA fees look like on these homes? ▾
Median monthly dues among homes that have an HOA are $40. Dues differ by subdivision and by building type, so read what is covered, such as exterior maintenance, water or shared amenities, and ask for the current budget and reserve information before you make an offer.
What should I check on a home built before 1990? ▾
Nearly all the homes here were built before 1990, so ask about the age and condition of the roof, HVAC, water heater, plumbing, electrical panel and windows. Ask whether they have been replaced or updated, and when. An inspection plus a look at the permit history helps you price the repairs you may face.
How quickly are homes under $500,000 in The Lakes selling? ▾
The median time on the market for current listings is 42 days. Well-priced and updated homes tend to go faster than ones that need work, so it helps to have your financing lined up before you tour.