Colony Woods Homes under $500,000

Welcome to Colony Woods, a charming subdivision nestled in the heart of North Carolina, where suburban tranquility meets modern convenience. This delightful community is designed for those who cherish a peaceful lifestyle while still enjoying easy access to urban amenities. With its tree-lined streets, friendly neighbors, and well-maintained parks, Colony Woods offers a warm, inviting atmosphere that feels like home from the moment you arrive.

One of the standout features of this community is the availability of beautiful homes priced under $500,000. Whether you're a first-time homebuyer, a growing family, or looking to downsize, Colony Woods has a variety of options to suit your needs. From cozy single-family homes to spacious townhouses, each residence is thoughtfully designed with modern finishes and open floor plans, making them perfect for both entertaining and everyday living.

Living in Colony Woods means you’re just a short drive away from a variety of shopping, dining, and recreational opportunities. Explore nearby parks, hiking trails, and community events that bring residents together, fostering a strong sense of belonging. Plus, with top-rated schools and convenient access to major highways, commuting to nearby cities is a breeze.

Discover the charm of Colony Woods, where affordable living meets the comforts of a close-knit community. Your dream home awaits in this hidden gem of North Carolina, offering a perfect blend of comfort, style, and affordability. Come see why Colony Woods is the ideal place to call home!

Newest Colony Woods Homes under $500,000

$495,000

5 Beds ⋅ 3 Baths ⋅ 10194236 MLS ⋅ ACTIVE Status

ONLINE AUCTION - CHAPEL HILL, NC | BIDDING CLOSES OCTOBER 2 List price is for MLS purposes only. Actual price will be determined by online auction. Opportunity awaits in desirable Colony Woods! Located at 1926 Overland Drive in Chapel Hill, this spacious five-bedroom, three-bath home offers the opportunity to acquire a property in an established neighborhood and make it your own. Situated on approximately 0.29 acres, the home features approximately 2,412 square feet with a flexible floor plan offering generous living space and room for a variety of needs. The property is conveniently located near UNC-Chapel Hill, Duke University, downtown Chapel Hill, Durham, shopping, dining, parks, and major transportation routes. Whether you're looking for a primary residence, investment property, or renovation opportunity, this property offers excellent potential in a sought-after Chapel Hill location. ONLINE AUCTION: Bidding closes October 20, 2026. A 10% Buyer's Premium will be added to the winning bid to determine the total contract purchase price. Property is being offered AS-IS and is subject to the auction terms and conditions. Buyers are encouraged to conduct their own due diligence and inspections prior to bidding. Don't miss this opportunity to purchase a five-bedroom Chapel Hill property through the auction process. Review the auction terms, complete your due diligence, and place your bid before bidding closes October 20!

1926 Overland Dr, Chapel Hill

$325,000

3 Beds ⋅ 2 Baths ⋅ 10188799 MLS ⋅ ACTIVE Status

Light-filled, nature-connected and wonderfully located, this 3-bedroom, 2-full-bath ranch offers a fresh, contemporary feel in an established Chapel Hill setting. Originally built in 1966, the home features an open main living area with a distinctive peaked ceiling and skylight, complemented by floor-to-ceiling sliding glass doors that open the living spaces to the surrounding trees and decks. The recent remodel includes new kitchen cabinetry, a new range and refrigerator, site-finished white oak hardwood flooring throughout, and new bathroom vanities and ceramic tile flooring. Both bathrooms feature tiled tub/shower surrounds. A recent renovation added a practical entryway, laundry and mudroom. Updated vinyl windows add to the home's comfort and appeal. Enjoy the outdoors from the spacious front deck or large rear deck, surrounded by mature trees and a low-maintenance natural landscape—no grass to mow, with the trees providing a steady supply of pine straw. The property is located within a designated flood plain, and the price reflects this condition. A stream crosses the lot from the back left corner toward the front right. During the Chantal storm, creek waters rose to floor level and the home subsequently underwent professional remediation by Carolina Restoration. Electrical and plumbing systems have since been repaired and permitted. Buyers are encouraged to conduct their own due diligence regarding flood risk, insurance requirements and future use. The location is a standout: walk to Ephesus Elementary, Ephesus Park, Trader Joe's and nearby shopping and restaurants, including Guglhupf. Convenient bus access provides an easy connection to downtown Chapel Hill and UNC-Chapel Hill. The home is in the East Chapel Hill High School district and offers convenient access to UNC, Durham, Duke and Research Triangle Park. Previously owner-occupied and rented, the property also offers potential appeal for investors. Rental records are available to interested buyers. A remodeled Chapel Hill ranch with abundant natural light, generous outdoor living, a low-maintenance wooded lot and an exceptionally convenient location.

1547 Ephesus Church Rd, Chapel Hill

$460,000

3 Beds ⋅ 3 Baths ⋅ 10185236 MLS ⋅ ACTIVE Status

This North Raleigh charmer is located less than 10 minutes from North Hills but tucked away on a quiet cul-du-sac. Prime location! No HOA! The family room has built-in bookcases and a wood-burning fireplace. The formal dining room has direct access to the oversized deck for effortless entertaining. Tons of counter space make meal-prep a breeze in the captivating kitchen, complete with a gas stove. Don't miss the walk-in pantry cleverly tucked away under the stairs, across from the half bath. Upstairs, you will find two secondary bedrooms, a full bath with tub/shower combo. The primary bedroom is a true retreat; very spacious, with a large vanity, walk-in closet and a walk-in shower. The fully fenced backyard offers endless entertainment options. Enjoy quiet evenings by the fire pit, star gazing on the deck or working on a hobby in the storage shed. New windows and the roof was replaced in 2021.

109 Burkwood Ln, Raleigh

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Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .