Houghton Lake Homes under $500,000

Houghton Lake Homes under $500,000

Welcome to Houghton Lake, Michigan—a charming lakeside community nestled in Roscommon County, renowned for its stunning natural beauty and vibrant local culture. With its picturesque landscapes, Houghton Lake is the perfect destination for those seeking a serene lifestyle surrounded by the great outdoors. The largest inland lake in Michigan, Houghton Lake offers a plethora of recreational activities, from boating and fishing to hiking and snowmobiling, making it a year-round haven for nature enthusiasts.

Houghton Lake’s welcoming atmosphere is complemented by a tight-knit community that hosts various events throughout the year, including summer festivals, farmers markets, and winter celebrations. The town’s rich history and friendly residents create a warm and inviting ambiance, making it an ideal place to call home.

For those looking to settle down in this delightful area, Houghton Lake boasts an impressive selection of homes priced under $500,000. Whether you’re searching for a cozy cottage by the water, a spacious family home, or a charming retreat, you’ll find a variety of options that cater to diverse tastes and lifestyles. Many of these properties feature stunning lake views, modern amenities, and easy access to outdoor activities, providing the perfect backdrop for your new life in this idyllic setting.

Discover the magic of Houghton Lake, where affordable homes meet the tranquility of lakeside living. Embrace the opportunity to create lasting memories in a community that truly feels like home. Explore your options today and take the first step toward your dream lifestyle in beautiful Houghton Lake!

Newest Houghton Lake Homes under $500,000

100 Mary Road, Houghton Lake
$158,000
2 Beds ⋅ 1 Baths ⋅ 50223316 MLS
This charming 2-bedroom cottage offers 850 sq ft of classic Up North character, with warm knotty pine throughout that gives the whole home a cozy, cabin-in-the-woods feel. The cheerful breakfast nook is the perfect spot for morning coffee before heading out on the water, and the second bedroom is set up with multiple bunk beds, ideal for kids, guests, or extra weekend company. With a deck on both the front and back, you'll have plenty of space for grilling, entertaining friends, or simply relaxing after a day on Michigan's largest inland lake. Location couldn't be better. You're just a short walk to the DNR public launch for easy lake access, plus RJ's Market for supplies and the Nottingham Bar for a bite and a drink with friends. This home is truly turnkey and comes fully furnished. Just bring your fishing pole, your boat, and your weekend plans. Whether you're looking for a family getaway, a year-round residence, or a rental investment, this Houghton Lake cottage is ready to welcome you home. This home previously was a successful Airbnb but please do your own due diligence with the county about current and upcoming regulation changes.

100 Mary Road, Houghton Lake
168 Pepperell, Houghton Lake
$134,900
3 Beds ⋅ 2 Baths ⋅ 80073924 MLS
Built in 2004, this three bedroom, two bath chalet is ready for your vision. It features an attached two car garage and a full basement with egress windows. Located in a desirable neighborhood near schools, restaurants, shopping, trails, and lake access. It offers a chance to create the home or cottage you've been dreaming of.

168 Pepperell, Houghton Lake
6276 W Houghton Lake Drive, Houghton Lake
$200,000
2 Beds ⋅ 1 Baths ⋅ 80073663 MLS
Shared lakefront on Houghton Lake and a dock for your boat make this inviting cottage a place to enjoy your time up north! Located at 6276 W Houghton Lake Drive Unit 2, the property offers a combined 653 square feet across the main cottage and a separate sleeping cottage next door, with two bedrooms total and one bathroom. The main cottage includes one bedroom, the bathroom, and a cozy living area open to a kitchen with natural wood cabinetry, a gas range, and a convenient breakfast bar. Wood trim adds warmth throughout, while the bathroom features a glass-enclosed shower and tile backsplash. The separate sleeping cottage provides a spacious second bedroom with room for a sitting area and sliding glass doors opening outside, to a covered porch. An additional concrete patio and lawn offer space for morning coffee or an evening cookout, with the shared lakefront just a short stroll away. Spend your days boating, fishing, or relaxing by the water, then settle into your own comfortable retreat.

6276 W Houghton Lake Drive, Houghton Lake
304 Magellan Avenue, Houghton Lake
$75,000
3 Beds ⋅ 1 Baths ⋅ 70558693 MLS
This 3-bedroom, 1-bath manufactured home in Houghton Lake offers solid ownership value on a generous lot. The home is 924 square feet, which provides efficient, manageable accommodations, while the 2-car garage delivers practical storage and protection for vehicles. The expansive lot size presents flexibility for outdoor use and potential future improvements. The home is in need of renovations, allowing the next owner to earn sweat equity. A straightforward property choice for those seeking affordable homeownership in the Houghton Lake area.

304 Magellan Avenue, Houghton Lake
5401 W Houghton Lake Drive, Houghton Lake
$175,000
2 Beds ⋅ 1 Baths ⋅ 70558786 MLS
Lake views, proven rental history, and all the charm of a classic Houghton Lake cottage! Located directly across the street from Houghton Lake, this adorable 2-bedroom, 1-bath cottage offers lake views and a long history as a successful short-term rental. Even with a shortened rental season, the property grossed approximately $21,000 in 2026. Even better, this is a truly turnkey rental opportunity, being sold furnished and equipped, allowing the next owner to step in without the expense and hassle of furnishing a vacation rental from scratch. Whether you're looking for an investment property, personal getaway, or a combination of both, much of the work has already been done. The sellers have thoughtfully improved the property while preserving its original cottage character. Updates include new LVP flooring, new appliances, ceiling fan/light combinations, and beautifully restored original flooring in the mudroom. Major improvements completed in 2025 include new A/C, hot water heater,

5401 W Houghton Lake Drive, Houghton Lake
104 Dale Drive, Houghton Lake
$125,000
3 Beds ⋅ 1 Baths ⋅ 70557063 MLS
Escape to your own Up North retreat at 104 Dale! Enjoy private access to beautiful Houghton Lake while coming home to a quiet, peaceful setting with a low-maintenance yard. This spacious home features a large kitchen, oversized living room, gas log fireplace, and plenty of room to relax and entertain. The large lot offers privacy and space to enjoy the outdoors, while the large garage and additional pole-barn-style storage provide plenty of room for boats, toys, and recreational equipment. Whether you're looking for a year-round home, vacation getaway, or an investment property with potential for Airbnb use, this property offers an excellent opportunity to enjoy all that the Houghton Lake area has to offer!

104 Dale Drive, Houghton Lake
3175 S Tower Hill Road, Houghton Lake
$399,900
2 Beds ⋅ 2 Baths ⋅ 80072949 MLS
3175 Tower Hill offers 1,970 square feet of functional living space set on 2.2 private acres. Built in 1975, the home features a unique layout with two full kitchens, making it ideal for multi-generational setups or hosting. The interior includes two bedrooms, two full bathrooms, and a 12'x15' sunroom. Mechanicals and structural features. This property also includes a brand-new propane furnace, a separate backup wood and coal-burning furnace, and an unfinished basement ready for extra storage or future expansion. Outdoors, the property features a newly landscaped patio with a firepit, an attached 24x28 garage, and a large 64x42 pole barn suitable for equipment, toys, or a workshop. Schedule your tour today!

3175 S Tower Hill Road, Houghton Lake
6344 W Houghton Lake Drive Unit #9, Houghton Lake
$114,900
2 Beds ⋅ 1 Baths ⋅ 50220089 MLS
Escape to your own private retreat at Houghton Lake! This charming two-bedroom, one-bath condo offers the ideal combination of year-round recreation and low-maintenance living. Located just steps from the water, the property includes private dock access for boating and fishing, plus convenient proximity to state land, hunting opportunities, and ATV trails. Inside, the warm knotty pine interior creates a classic up-north feel, while the condo comes fully furnished and ready to enjoy. The updated kitchen features gas cooking and a microwave, and an in-wall air-conditioning unit provides added comfort during the summer months. A brand-new on-demand hot water heater adds modern efficiency and convenience. The HOA handles exterior maintenance, including lawn care, snow removal, and winterization, all for a remarkably low annual fee. With an assigned parking space plus additional visitor parking, this turn-key Houghton Lake getaway is ready for its next owner to start enjoying immediately.

6344 W Houghton Lake Drive Unit #9, Houghton Lake
632 Old Trail Drive, Houghton Lake
$199,900
3 Beds ⋅ 2 Baths ⋅ 50219745 MLS
Welcome to this charming 3-bedroom, 2-bath home offering 938 square feet of comfortable, efficiently designed living space. Located on sought-after Old Trail on the northeast side of Houghton Lake, the home is just steps from public lake access and conveniently close to snowmobile and side-by-side trails. Recent improvements include a new roof, furnace, on-demand water heater, well pressure tank, flooring, refrigerator, and dishwasher. The attached two-car heated garage provides excellent year-round parking, storage, and workspace. Outside, you’ll find a fenced yard and two storage sheds measuring 8' x 8' and 12' x 18'—plenty of room for tools, lawn equipment, and recreational gear. The home also includes pots, pans, dishes, and silverware and furniture with the right offer, making it an appealing option for a year-round residence or an easy-to-enjoy Houghton Lake getaway. Shopping, restaurants, entertainment, and nightlife are all approximately 10 minutes away. Bring your lake toys and start enjoying the Houghton Lake lifestyle!

632 Old Trail Drive, Houghton Lake
12508 West Shore Drive, Houghton Lake
$319,900
3 Beds ⋅ 2 Baths ⋅ 61021551 MLS
Experience elevated lakefront living in this beautifully maintained waterfront home on one of the most sought-after stretches of Houghton Lake. Begin each day with breathtaking sunrise views shimmering across the water while enjoying your morning coffee in a peaceful setting. This move-in ready retreat features 3 spacious bedrooms and 1.5 baths, thoughtfully designed for both comfort and effortless entertaining. The inviting fireplace creates the perfect ambiance for cozy Michigan evenings, while endless days can be spent enjoying the pristine all-sports lake lifestyle. Whether you're searching for a refined year-round residence or an exceptional getaway escape, this stunning property offers the perfect blend of relaxation, recreation, and timeless waterfront charm.

12508 West Shore Drive, Houghton Lake
110 Guernsey Avenue Unit Lot: pt 6,7, Houghton Lake
$400,000
5 Beds ⋅ 3 Baths ⋅ 80072255 MLS
Picturesque Completely Renovated Cape Cod with Houghton Lake Views, Guest Cottage & Garage with Loft! Total sq ft 2140 ! GREAT AIRBNB/VRBO INVESTMENT OPPORTUNITY ALL YEAR–NO HOA OR CITY RESTRICTIONS! Beautifully renovated like-new property offering 2 separate houses, 5 bed/3 bath–ideal as a vacation home, family retreat, year-round residence, or short-term rental. Rent one house or both for maximum flexibility and income potential. No HOA. MAIN HOUSE: 4 bed/2 bath with central Heat/AC, completely renovated while preserving period charm. Updates include ceilings/walls/floors, new plumbing, new electric (200A), high-efficiency ducted heat pump, all new, larger energy-efficient windows, insulation, and fully renovated kitchen/baths. Finished walk-out basement with huge windows adds sleeping/living space with shaded patio and easy lake access/views. GUEST COTTAGE: Separate renovated 1 bed/bath tiny-house style cottage with deck, kitchenette and Heat/AC. Perfect for guests, extended family, vacation rental or private business office. OUTDOORS & EXTRAS: Large yard with room for boats and toys, private backyard, fire pit and spacious decks/patio with stunning lake views. Storage shed. Detached 2-car garage with loft, huge new window, beautiful lake views and 50A electric–perfect game room or potential added living space. PRIME LOCATION: Quiet hilltop setting with amazing views from north-facing windows/decks. Only two houses from lake access, with no flooding risk, and two houses north of M-55 with no street noise. Lake loading/kayaking is only 200 feet away. Within ½ mile of DNR Boat Launch, Golfing, Tip-Up Town, Library and Movie Theater. Less than 1 mile to power toy rentals, groceries, restaurants/bars, boating, fishing and Houghton Lake recreation. A rare, picturesque, flexible property with 2 separate houses, 5 bed/3 bath, fully updated, walk-out basement, garage with loft/lake views. Strong rental potential–no HOA or city restrictions for Airbnb/VRBO.

110 Guernsey Avenue Unit Lot: pt 6,7, Houghton Lake
207 Butterfield Lane, Houghton Lake
$185,000
3 Beds ⋅ 1 Baths ⋅ 50218155 MLS
Welcome to this quaint 3-bedroom home tucked into a peaceful countryside subdivision near Houghton Lake! Surrounded by beautiful mature trees, the neighborhood offers a relaxed, up-north feel while keeping you close to all the recreation and amenities of the Houghton Lake area. Inside, you’ll find a comfortable, inviting home with simple finishes and plenty of potential to make it your own. Whether you’re looking for a year-round residence or an affordable getaway near one of Michigan’s most popular lakes, this cute home is ready for its next chapter.

207 Butterfield Lane, Houghton Lake
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