Centennial Homes under $500,000

Centennial Homes under $500,000

Welcome to Centennial, Colorado, a vibrant city nestled in the heart of Arapahoe County. Known for its picturesque landscapes and family-friendly atmosphere, Centennial offers a unique blend of suburban charm and urban conveniences. With its well-maintained parks, excellent schools, and a plethora of dining and shopping options, it’s no wonder that this city has become a sought-after destination for families, young professionals, and retirees alike.

One of the most appealing aspects of Centennial is its diverse real estate market, particularly for those seeking homes under $500,000. Whether you’re a first-time homebuyer or looking to downsize, you’ll find a variety of options that cater to your needs. From cozy townhomes to charming single-family residences, these affordable properties provide an excellent opportunity to settle down in a community that values quality of life.

Centennial boasts easy access to major highways, making commutes to nearby Denver and the surrounding areas a breeze. For outdoor enthusiasts, the city is surrounded by stunning natural beauty, with numerous parks and recreational areas to explore. The Cherry Creek State Park and the Centennial Center Park are just a few local gems that offer trails, picnic spots, and recreational activities for the whole family.

Living in Centennial means enjoying a balanced lifestyle, where you can relish the tranquility of suburban living while still being connected to the excitement of the city. With homes under $500,000, your dream of owning a piece of this charming community is within reach. Discover your perfect home in Centennial today!

Newest Centennial Homes under $500,000

8985 E Phillips Dr, Centennial
$485,000
2 Beds ⋅ 3 Baths ⋅ 6942485 MLS
Stylish, updated, and ideally located, 8985 E Phillips Drive offers low-maintenance living in the heart of Centennial. Freshly updated with brand-new carpet and interior paint, this move-in-ready townhome features a bright, open floor plan, generous living spaces, and scenic pond views just outside your front door. The inviting main level is filled with natural light and designed for easy everyday living and entertaining. The open kitchen features granite countertops, stainless steel appliances, a gas range, and 42-inch white maple cabinetry, all flowing seamlessly into the spacious family room highlighted by a cozy fireplace. A convenient powder bath and attached two-car garage complete the main level. Upstairs, both bedrooms enjoy the privacy of their own en-suite bathrooms, along with the added convenience of an upstairs laundry area. The expansive primary retreat features a five-piece bath and large walk-in closet, while the generously sized second bedroom includes its own private three-quarter bath—perfect for guests, a roommate, or a flexible home-office setup. Enjoy the added convenience of an HOA that covers the roof and water, along with a neighborhood surrounded by ponds, greenbelts, parks, and scenic trails. Willow Creek Park is just steps away, offering easy access to walking, hiking, and biking. The location is hard to beat— walking distance to places like 303 Coffee and Park Meadows. 10 mins to the Denver Tech Center, shopping, dining, and entertainment, with quick access to I-25 and C-470. Located within the highly regarded Cherry Creek School District, this exceptional townhome combines an outstanding Centennial location with the ease of truly move-in-ready living.

8985 E Phillips Dr, Centennial

5873 S Quemoy Cir, Centennial
$399,900
4 Beds ⋅ 3 Baths ⋅ 4267582 MLS
Opportunity meets location! Situated on an expansive 0.25+ acre lot in a highly desirable Centennial neighborhood within the award-winning Cherry Creek School District, this home offers buyers the chance to create something truly special. This property is ready for updates and a fresh vision, making it an excellent opportunity for buyers looking to personalize a home and build value over time. Some of the major exterior improvements have already been completed, including a new roof in 2023 and exterior paint and sealing in 2026. The main level features an open living area with a fireplace, a spacious kitchen with ample cabinetry, breakfast bar and dining nook, plus two bedrooms and two bathrooms. The partially finished basement expands the possibilities with two additional bedrooms, a full bathroom and a generous unfinished area ready for future customization—whether you envision a recreation room, home gym, office, workshop or additional living space. Step outside and discover one of the property’s most unique features: a spacious backyard with front and rear irrigation and an impressive collection of mature apple, peach, blueberry, cherry, apricot, pear and plum trees. With plenty of room to garden, entertain and enjoy Colorado’s beautiful seasons, this lot offers possibilities that are increasingly hard to find. The home may need TLC, but that’s exactly where the opportunity lies. Bring your ideas and imagination and transform this property into a home that reflects your style. With a generous lot, flexible floor plan, desirable school district and prime Centennial location, this home is packed with potential and ready for its next chapter. Schedule your showing soon before its too late! Professional photos coming soon!

5873 S Quemoy Cir, Centennial

5873 S Quemoy Cir, Centennial
$399,900
4 Beds ⋅ 3 Baths ⋅ 1548437 MLS
Opportunity meets location! Situated on an expansive 0.25+ acre lot in a highly desirable Centennial neighborhood within the award-winning Cherry Creek School District, this home offers buyers the chance to create something truly special. This property is ready for updates and a fresh vision, making it an excellent opportunity for buyers looking to personalize a home and build value over time. Some of the major exterior improvements have already been completed, including a new roof in 2023 and exterior paint and sealing in 2026. The main level features an open living area with a fireplace, a spacious kitchen with ample cabinetry, breakfast bar and dining nook, plus two bedrooms and two bathrooms. The partially finished basement expands the possibilities with two additional bedrooms, a full bathroom and a generous unfinished area ready for future customization—whether you envision a recreation room, home gym, office, workshop or additional living space. Step outside and discover one of the property’s most unique features: a spacious backyard with front and rear irrigation and an impressive collection of mature apple, peach, blueberry, cherry, apricot, pear and plum trees. With plenty of room to garden, entertain and enjoy Colorado’s beautiful seasons, this lot offers possibilities that are increasingly hard to find. The home may need TLC, but that’s exactly where the opportunity lies. Bring your ideas and imagination and transform this property into a home that reflects your style. With a generous lot, flexible floor plan, desirable school district and prime Centennial location, this home is packed with potential and ready for its next chapter. Schedule your showing soon before its too late! Professional photos coming soon!

5873 S Quemoy Cir, Centennial

5339 S Jebel St, Centennial
$500,000
5 Beds ⋅ 4 Baths ⋅ 6283764 MLS
SWEAT EQUITY! If you’ve been waiting for a home where you can put in the work, make it your own, and potentially build value along the way, this is the opportunity. With 2,783 finished square feet, 5 bedrooms and 4 bathrooms, this Park View Meadows home offers plenty of space and a floor plan with flexibility already built in. The main level includes both formal and casual living areas, a spacious kitchen with breakfast nook, main-floor laundry, and a bedroom with nearby 3/4 bath — ideal for guests, a home office, or multigenerational living. Upstairs, you’ll find three additional bedrooms, including a generous primary suite with vaulted ceilings and a private 5-piece bath. The basement adds even more usable square footage along with another full bathroom, giving you room to create a media room, game room, gym, hobby space, or whatever fits your lifestyle. Carpet recently removed. Outside, a covered patio leads to the private backyard, while nearby open space, trails and Tollgate Park give you even more room to get outside. Yes, this home needs work — and that’s exactly the point. Bring your ideas, your contractor, and your vision. With nearly 2,800 finished square feet, a 2-car attached garage, paid-off solar panels, and a location within the Cherry Creek School District, there’s a lot here to work with. If you’re looking for perfectly polished, this probably isn’t the one. If you’re looking for potential, come take a look.

5339 S Jebel St, Centennial

7667 S Steele St, Centennial
$349,900
2 Beds ⋅ 3 Baths ⋅ 9327500 MLS
Welcome to this inviting Monterey townhome, where thoughtful updates, flexible spaces, and a peaceful greenbelt setting come together in a beautiful turnkey package! Vaulted ceilings and an open main level create a bright, welcoming feel, with a cozy gas fireplace anchoring the living room and an adjacent dining area that flows naturally into the eat-in kitchen. Updated countertops and included appliances give the kitchen a fresh, polished feel. Upstairs, two generously sized vaulted suites offer privacy rarely found in a townhome. The main floor also features a convenient half-bath, making the layout practical for guests or entertaining. Fresh paint, newer windows, furnace, and central air add to the home's move-in-ready appeal. The full basement provides valuable unfinished space for storage, a workshop, home gym, or future finishing potential. Outside, an enclosed yard and new private deck overlook the greenbelt, creating a quiet spot to enjoy your morning coffee or unwind at the end of the day. Covered parking adds everyday convenience, while the HOA takes care of exterior maintenance, grounds, roof, water, sewer, snow removal, and trash. Tucked into an established Centennial community, this home offers easy access to parks, trails, major routes, shopping, dining, and the Streets at SouthGlenn. With a versatile floor plan, low-maintenance lifestyle, and peaceful setting, this Monterey townhome offers a lot to love and room to make it your own.

7667 S Steele St, Centennial

8777 E Dry Creek Rd Unit 1422, Centennial
$380,000
2 Beds ⋅ 2 Baths ⋅ 8411708 MLS
Welcome to this inviting two-bedroom, two-bath condominium in Saddle Ridge, thoughtfully designed for comfortable everyday living and easy entertaining. Vaulted ceilings and an open, light-filled living and dining area create an airy sense of space, while the warm, neutral finishes provide a versatile backdrop for any style. The well-appointed kitchen open to the dining area offers ample cabinetry, generous counter space, and built-in appliances—perfect for everything from quick weekday meals to hosting friends. Both bedrooms are generously sized and feature private en-suite baths and walk-in closets, offering exceptional privacy and convenience for owners, guests, roommates, or a home office setup. Step outside to enjoy your own large, cozy balcony, with a beautiful backdrop of large trees ideal for morning coffee or unwinding at the end of the day. An oversized one-car garage with valuable extra storage cabinets and square footage for additional storage to make the ease of condo living even easier. With its functional floor plan, dual primary-style suites, and desirable Saddle Ridge location, this condo is an outstanding opportunity to enjoy low-maintenance living without sacrificing comfort. This community not only has a swimming pool, clubhouse, with workout room, it also has a bike and carwash area with dedicated parking and hoses to for you to wash your car and remember the HOA covers the water and sewer! Schedule your private showing today. !

8777 E Dry Creek Rd Unit 1422, Centennial

7175 S Gaylord St Unit B, Centennial
$230,000
1 Beds ⋅ 1 Baths ⋅ 1902664 MLS
Updated, move-in-ready condo in a fantastic Southglenn location! This beautifully updated 1-bedroom condo offers modern finishes, an open-concept layout, and an unbeatable location within walking distance to The Streets at SouthGlenn, shopping, restaurants, entertainment, the movie theater, trails, and more. Step inside and enjoy low-maintenance living with no updating needed. The bright, open floor plan features newer double-pane windows, brand-new carpet, and stylish modern hex tile throughout key areas of the home. The spacious kitchen opens to the living area and offers plenty of flexibility, with room for bar seating, a dining table, additional storage, or a variety of other uses. A convenient pantry provides even more storage. The completely updated bathroom features modern hex tile flooring, a contemporary floating vanity, bathtub with updated tile surround, and a convenient stackable washer and dryer. The generously sized bedroom offers a large walk-in closet, providing excellent storage space and new electrical panel An additional private storage area located right next to the unit offers an impressive amount of extra space—perfect for seasonal items, outdoor gear, or anything else you want tucked away. The community has also seen recent improvements, including a new roof in 2024 and exterior painting completed throughout the buildings in recent years. Residents enjoy an outdoor pool, clubhouse, community grilling area, and community laundry facilities, while HOA dues include water. With its updated interior, flexible open layout, abundant storage, community amenities, and highly convenient Southglenn location near shopping, dining, entertainment, parks, and trails, this condo is an excellent opportunity for a first-time buyer, investor, or anyone looking for an easy, low-maintenance lifestyle.

7175 S Gaylord St Unit B, Centennial

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