Lake George Homes under $500,000

Lake George Homes under $500,000

**Discover Lake George, Colorado: Your Perfect Mountain Retreat**

Nestled in the heart of the stunning Rocky Mountains, Lake George, Colorado, is a hidden gem that offers an idyllic escape for nature lovers and outdoor enthusiasts alike. Known for its breathtaking landscapes, this charming town is surrounded by pristine lakes, lush forests, and majestic peaks, making it the perfect backdrop for your next adventure. Whether you're hiking the nearby trails, fishing in crystal-clear waters, or simply soaking in the serene atmosphere, Lake George promises a lifestyle that embraces the beauty of nature.

What truly sets Lake George apart is its welcoming community and the incredible real estate opportunities available. If you're searching for a home under $500,000, you'll find a variety of options that cater to different tastes and needs. From cozy cabins that exude rustic charm to modern homes with stunning views, there’s something for everyone in this picturesque town. These affordable properties provide an excellent opportunity to invest in a second home or a permanent residence where you can unwind and reconnect with the great outdoors.

In addition to its natural beauty, Lake George boasts a close-knit community with local events and activities that foster a sense of belonging. With easy access to nearby attractions like Pikes Peak and the historic town of Cripple Creek, you’ll never run out of things to explore. Embrace the tranquility and charm of Lake George, where your dream home awaits amidst the breathtaking scenery of Colorado’s mountain paradise. Come discover your new adventure today!

Newest Lake George Homes under $500,000

924 Midland Ct, Lake George
$485,000
3 Beds ⋅ 2 Baths ⋅ 3200336 MLS
Welcome to mountain living in Eleven Mile Ranch, a gated community nestled along the shores of beautiful Lake George. Here, residents and their guests enjoy exclusive access to the private lake, offering a special Colorado retreat where peaceful mornings, outdoor adventures, and relaxing evenings are right outside your door. Filled with natural light, this beautifully renovated 3-bedroom, 2-bath home offers a warm, inviting setting with thoughtful updates. The newly renovated kitchen is a true showstopper, featuring beautiful cabinetry, quartz countertops, a Thermador oven/range, and a convenient water dispenser above the stove. Both bathrooms have been tastefully renovated, while new LVP flooring and new windows bring a fresh, modern feel throughout the home. Step outside onto the wrap-around composite deck and enjoy the mountain setting from multiple vantage points. Upstairs, the bedroom opens to a private balcony overlooking the lake—a perfect place to sip your morning coffee, enjoy the mountain air, or take in the peaceful views. The third bedroom is non-conforming and provides flexible space for guests, an office, hobby room, or additional sleeping accommodations. For added functionality, the area underneath the home is accessible directly from beneath the deck and houses the laundry room, tankless water heater, furnace, and a small workspace. A new septic system was installed in 2022 for added peace of mind. Water fees are included in the annual HOA dues. Whether you're looking for a full-time mountain home, weekend getaway, or a place to escape the everyday, this property combines modern updates with the unique lifestyle that comes with living in Eleven Mile Ranch. Private lake access, mountain surroundings, and thoughtful updates make this a special Colorado retreat. Come experience Lake George living and discover what makes Eleven Mile Ranch such a special place to call home.

924 Midland Ct, Lake George

924 Midland Ct, Lake George
$485,000
3 Beds ⋅ 2 Baths ⋅ 7270235 MLS
Welcome to mountain living in Eleven Mile Ranch, a gated community nestled along the shores of beautiful Lake George. Here, residents and their guests enjoy exclusive access to the private lake, offering a special Colorado retreat where peaceful mornings, outdoor adventures, and relaxing evenings are right outside your door. Filled with natural light, this beautifully renovated 3-bedroom, 2-bath home offers a warm, inviting setting with thoughtful updates. The newly renovated kitchen is a true showstopper, featuring beautiful cabinetry, quartz countertops, a Thermador oven/range, and a convenient water dispenser above the stove. Both bathrooms have been tastefully renovated, while new LVP flooring and new windows bring a fresh, modern feel throughout the home. Step outside onto the wrap-around composite deck and enjoy the mountain setting from multiple vantage points. Upstairs, the bedroom opens to a private balcony overlooking the lake—a perfect place to sip your morning coffee, enjoy the mountain air, or take in the peaceful views. The third bedroom is non-conforming and provides flexible space for guests, an office, hobby room, or additional sleeping accommodations. For added functionality, the area underneath the home is accessible directly from beneath the deck and houses the laundry room, tankless water heater, furnace, and a small workspace. A new septic system was installed in 2022 for added peace of mind. Water fees are included in the annual HOA dues. Whether you're looking for a full-time mountain home, weekend getaway, or a place to escape the everyday, this property combines modern updates with the unique lifestyle that comes with living in Eleven Mile Ranch. Private lake access, mountain surroundings, and thoughtful updates make this a special Colorado retreat. Come experience Lake George living and discover what makes Eleven Mile Ranch such a special place to call home.

924 Midland Ct, Lake George

492 Trail Creek Rd, Lake George
$475,000
2 Beds ⋅ 2 Baths ⋅ 4635480 MLS
Surrounded by nearly 10 acres of towering pines and aspens, this handcrafted log home captures the timeless appeal of Colorado living. With peaceful mountain views, a detached garage, a versatile dry cabin, and exceptional privacy, this oneof-a-kind property offers a rare opportunity to own your own mountain retreat. Built with true log construction, the home showcases exceptional craftsmanship throughout with pine ceilings, exposed structural beams, warm wood finishes, and a wood-burning stove that create a cozy mountain atmosphere. The welcoming family room centers around a wood stove, while the country kitchen features handcrafted wood countertops, open shelving, an electric range, and a functional layout that embraces the home's rustic character. A full bathroom with a soaking tub and shower combination completes the main level. Upstairs, vaulted ceilings and an open loft provide flexible space for a home office, reading nook, or creative studio. The spacious primary sleeping area includes a half bath, laundry area, ceiling fans, and an open design that could easily be reimagined to fit your needs. The detached dry cabin offers exceptional versatility with electricity, water access, a wood-burning fireplace, tongue-and-groove pine ceilings, and greenhouse space, making it ideal as an art studio, workshop, guest retreat, or hobby space. The oversized detached garage features concrete floors, electricity, a workbench, and a garage door opener on one bay, providing ample room for vehicles, equipment, and outdoor gear. With nearly 10 acres to explore, abundant wildlife, a woodshed stocked with firewood, and easy access to Pike National Forest, this one-of-a-kind property offers the space, privacy, and authentic mountain character that make Colorado living truly special.

492 Trail Creek Rd, Lake George

189 Saddle Ln, Lake George
$365,000
2 Beds ⋅ 1 Baths ⋅ 2857715 MLS
On more than 1.5 acres, this completely furnished dovetail log cabin with breathtaking views of Pikes Peak opens into a backyard measured in thousands! Pike National Forest forms the north boundary, offering the freedom of a Colorado mountain holding without the price tag or responsibility. Walk through your private foot gate to hike, climb granite and explore, or enter from the wider opening off the cul-de-sac by ATV or side-by-side. The 600 sq ft main level surrounds you with timber walls, honey-toned wood floors, windows and vaulted T&G ceilings. When high-country nights turn chilly, settle near the freestanding woodstove with hot chocolate or a hot toddy as firelight sends shadows dancing across the room. Maple cabinetry, ample counters and full-size appliances make this a true working kitchen when cooking moves indoors. Two decks extend from the main level into a view that changes by the hour. On cool mornings, cradle a steaming mug and breathe in fresh air as sunlight brushes the summit, sets the granite aglow and pours into the valley. Listen to the wind and savor the quiet before the property stirs, doors open, breakfast starts and the firepit is coaxed back to life. Two inviting bedrooms, each with a large drawer unit in lieu of closets, and a full bath round out the main level. With its own exterior entrance, the finished 504 sq ft basement shines with fresh paint, new carpet and recessed lights, bringing more people, laughter and memories into every season. A powered RV hookup expands the ways to gather while the two-loft shed stores gear for every excursion. Watch eagles ride the afternoon current or glass the timber for deer, elk and the occasional bear. As darkness settles, pull chairs beside the embers, trade stories beneath the stars and listen for owls in the distance. Only 90 minutes from COS Airport, with Eleven Mile Reservoir and the Dream Stream nearby, this Lake George retreat is ready for the mountain traditions you have been waiting to make!

189 Saddle Ln, Lake George

744 Whale Dr, Lake George
$499,900
2 Beds ⋅ 2 Baths ⋅ 3464113 MLS
COLORADO MOUNTAIN HOME NEAR WORLD-CLASS FISHING & OUTDOOR RECREATION Escape to the beauty of Colorado’s South Park and discover the perfect home base for outdoor adventure. Located near Eleven Mile Reservoir, this property puts you close to one of Colorado’s premier fishing destinations, where anglers enjoy year-round opportunities for trout, kokanee salmon, northern pike, and more. Enjoy easy access to Eleven Mile State Park, with its expansive reservoir, scenic trails, boating, camping, wildlife viewing, and spectacular mountain scenery. Just beyond the reservoir, the South Platte River and Eleven Mile Canyon offer additional opportunities for renowned trout fishing, hiking, photography, and exploring the rugged Colorado landscape. Whether you’re an avid fisherman, outdoor enthusiast, weekend adventurer, or simply looking for a peaceful mountain retreat, this location offers an exceptional Colorado lifestyle. Imagine starting your morning with a cup of coffee surrounded by fresh mountain air, spending the day fishing or exploring, and returning home to the quiet beauty of the Rockies. HOA is voluntary Highlights include: New Generac Whole House Generator All New Double Pane Prime Vinyl Windows New Comfortbuilt 22 wood pellet stove Suntuf Polycarbonate panels in carport Newly rebuilt boiler Recent complete lot fire mitigation Ideal as a full-time residence, vacation home, or mountain getaway Come experience Colorado living at its finest — where adventure is just outside your door and some of the state’s best fishing is right nearby. Voluntary Recreation Association for $50 per year. Also optional trash pickup for $114.00 every 6 months if member of association at the clubhouse down the street. Great deal!

744 Whale Dr, Lake George

731 Midland Ct, Lake George
$399,500
2 Beds ⋅ 1 Baths ⋅ 3775569 MLS
Experience the best of Colorado living in this beautifully remodeled mountain retreat, perfect as a year-round residence or a seasonal getaway for summer and holiday escapes. Enjoy stunning lake and mountain views from nearly every angle of the property. Extensively updated inside and out, this home features a new septic system (2023) and a comprehensive interior and exterior renovation completed in 2024. Major improvements include upgraded 300-amp electrical service to support the on-demand hot water system, excavation work creating two driveways, new Hardie® siding, fresh interior and exterior paint, and a spacious Trex® wraparound deck. Additional custom touches include built-in laundry cabinetry and a dedicated desk area in the second bedroom. Offering 2 bedrooms, 1 bathroom, and 1,038 square feet of thoughtfully designed living space, the home blends rustic charm with modern convenience. Knotty pine walls, vaulted ceilings, and abundant windows create a warm mountain-lodge atmosphere while filling the home with natural light and showcasing the spectacular views. Start your mornings with coffee on the wraparound deck as you watch wildlife and take in the peaceful lake setting. The beautifully updated kitchen features quartz countertops with waterfall edges, stainless steel appliances, ample prep space, and a skylights that enhance the bright and airy feel. A second skylight in the mudroom adds even more natural light throughout the home. HOA membership includes exclusive access to members-only fishing in the lake just steps from your front door. Outdoor recreation abounds, with National Forest access bordering the community and endless opportunities for hiking, biking, fishing and exploring Colorado's natural beauty. You'll also be conveniently located within an hour of Breckenridge skiing, gaming and entertainment in Cripple Creek, and world-class fishing at Eleven Mile Reservoir.

731 Midland Ct, Lake George

189 Saddle Ln, Lake George
$365,000
2 Beds ⋅ 1 Baths ⋅ 3065672 MLS
On more than 1.5 acres, this completely furnished dovetail log cabin with breathtaking views of Pikes Peak opens into a backyard measured in thousands! Pike National Forest forms the north boundary, offering the freedom of a Colorado mountain holding without the price tag or responsibility. Walk through your private foot gate to hike, climb granite and explore, or enter from the wider opening off the cul-de-sac by ATV or side-by-side. The 600 sq ft main level surrounds you with timber walls, honey-toned wood floors, windows and vaulted T&G ceilings. When high-country nights turn chilly, settle near the freestanding woodstove with hot chocolate or a hot toddy as firelight sends shadows dancing across the room. Maple cabinetry, ample counters and full-size appliances make this a true working kitchen when cooking moves indoors. Two decks extend from the main level into a view that changes by the hour. On cool mornings, cradle a steaming mug and breathe in fresh air as sunlight brushes the summit, sets the granite aglow and pours into the valley. Listen to the wind and savor the quiet before the property stirs, doors open, breakfast starts and the firepit is coaxed back to life. Two inviting bedrooms, each with a large drawer unit in lieu of closets, and a full bath round out the main level. With its own exterior entrance, the finished 504 sq ft basement shines with fresh paint, new carpet and recessed lights, bringing more people, laughter and memories into every season. A powered RV hookup expands the ways to gather while the two-loft shed stores gear for every excursion. Watch eagles ride the afternoon current or glass the timber for deer, elk and the occasional bear. As darkness settles, pull chairs beside the embers, trade stories beneath the stars and listen for owls in the distance. Only 90 minutes from COS Airport, with Eleven Mile Reservoir and the Dream Stream nearby, this Lake George retreat is ready for the mountain traditions you have been waiting to make!

189 Saddle Ln, Lake George

744 Whale Dr, Lake George
$499,900
2 Beds ⋅ 2 Baths ⋅ 1302311 MLS
COLORADO MOUNTAIN HOME NEAR WORLD-CLASS FISHING & OUTDOOR RECREATION Escape to the beauty of Colorado’s South Park and discover the perfect home base for outdoor adventure. Located near Eleven Mile Reservoir, this property puts you close to one of Colorado’s premier fishing destinations, where anglers enjoy year-round opportunities for trout, kokanee salmon, northern pike, and more. Enjoy easy access to Eleven Mile State Park, with its expansive reservoir, scenic trails, boating, camping, wildlife viewing, and spectacular mountain scenery. Just beyond the reservoir, the South Platte River and Eleven Mile Canyon offer additional opportunities for renowned trout fishing, hiking, photography, and exploring the rugged Colorado landscape. Whether you’re an avid fisherman, outdoor enthusiast, weekend adventurer, or simply looking for a peaceful mountain retreat, this location offers an exceptional Colorado lifestyle. Imagine starting your morning with a cup of coffee surrounded by fresh mountain air, spending the day fishing or exploring, and returning home to the quiet beauty of the Rockies. HOA is voluntary Highlights include: New Generac Whole House Generator All New Double Pane Prime Vinyl Windows New Comfortbuilt 22 wood pellet stove Suntuf Polycarbonate panels in carport Newly rebuilt boiler Recent complete lot fire mitigation Ideal as a full-time residence, vacation home, or mountain getaway Come experience Colorado living at its finest — where adventure is just outside your door and some of the state’s best fishing is right nearby. Voluntary Recreation Association for $50 per year. Also optional trash pickup for $114.00 every 6 months if member of association at the clubhouse down the street. Great deal!

744 Whale Dr, Lake George

163 Cutthroat Dr, Lake George
$273,000
2 Beds ⋅ 1 Baths ⋅ 8189626 MLS
Embrace the ultimate Colorado lifestyle in this classic, architectural gem sitting on 2 separate lots! Nestled on over an acre of pristine mountain land, this iconic 2-bedroom plus loft A-frame cabin features a rare, private entrance gate opening directly into the National Forest. It is the absolute premier getaway for hunters, fishers, hikers, and outdoor enthusiasts who want public land access right out their back door. The property is fully move-in ready and hooked directly to the power grid today, allowing you to comfortably enjoy your seasonal adventures from day one while providing a private well for your water supply. This property serves as a functional recreational hub that you can update over time to build instant equity in a rapidly growing and highly active mountain community. Perfectly positioned just a half-mile from the marina, the cabin is surrounded by ruggedly beautiful terrain, featuring natural rock outcroppings, mature pine forests, and open grassland. The signature wall of windows floods the interior with natural light, but the true crown jewel of this home is the upper balcony. Step outside to experience views that stretch for miles—gaze out over the water, across the rolling grasslands, and straight into the majestic Collegiate Peaks mountain range. Inside, the open layout maximizes space for gear storage and comfort, while the flexible loft area serves perfectly as an extra bunk space for hunting partners or a cozy retreat after a long day on the trails. Step right off your acre lot and walk through your private gate straight into public land for endless scouting, hiking, and exploring. Don’t miss your chance to secure this rare setup in a booming community!

163 Cutthroat Dr, Lake George

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