bds
|
ba
|
sqft
ac lot
|
car garage
|
|
Homes Under $500,000 in Lake Point, Utah
Lake Point sits at the northern edge of Tooele Valley, right where I-80 bends around the south end of the Great Salt Lake. It's one of the closest Tooele County communities to Salt Lake City — roughly 25 minutes to the airport and 30 to downtown when traffic cooperates — which is why it has become a steady draw for commuters who want more lot size than they can get in West Valley or Magna for the same money. Homes under $500K here tend to be a mix of newer construction in subdivisions off Saddleback Boulevard, mid-2000s ramblers and two-stories on quarter-acre lots, and the occasional older farmhouse-style property on bigger parcels closer to the foothills.
At this price band, buyers are typically choosing between square footage and land. A 2,800-square-foot newer build with a small yard often sits at a similar number to a 1,900-square-foot home on a third of an acre with mountain views toward the Oquirrhs. Property taxes run lower than Salt Lake County, utilities are generally Rocky Mountain Power and natural gas, and most of the area is on culinary water with separate secondary irrigation in the newer subdivisions. Inventory under $500K moves faster than the upper end because it overlaps with FHA and VA limits, so pre-approval matters if something catches your eye. Browse the active listings below to see what's currently on the market in Lake Point at this price.
May 2026 · Lake Point market
Live from the Utah MLS — what's actually happening in Lake Point right now.
Median sale
$599,990
3 closed in May 2026
Median DOM
29 days
listing → contract
Sale-to-list
100.3%
of final list price
Unsold inventory
22
active + pending
2 matching · page 1 of 1
Active listings
Prefer the map?
See all 2 homes under $500k on a map
Pan around Lake Point and refine by drawing your own boundary.
Common questions
About homes under $500k in Lake Point.
What kind of home can I realistically get under $500K in Lake Point? ▾
Most listings in this range are 3-4 bedroom single-family homes between 1,800 and 2,800 finished square feet, often on quarter-acre to half-acre lots. You'll also see townhomes in the $350K-$425K band and the occasional manufactured home on owned land closer to $300K. New construction at this price point is rare but does pop up at the entry level of builder offerings.
Are there HOAs in Lake Point neighborhoods? ▾
It depends on the subdivision. Older parts of Lake Point along Lakeview and the SR-36 corridor are typically HOA-free, while newer developments like Saddleback and some townhome projects carry monthly dues in the $50-$150 range. If avoiding an HOA matters to you, focus on properties built before the mid-2000s.
Is the commute to Salt Lake City manageable from Lake Point? ▾
Yes, for most schedules. I-80 east from the Lake Point exit puts you at the SLC airport in about 25 minutes and downtown in around 30 outside of peak hours. Morning rush can add 10-15 minutes, and winter inversions or canyon weather occasionally slow things down, but it's a more predictable drive than coming from Tooele City.
Can I have horses or livestock on properties in this price range? ▾
Some lots in Lake Point are zoned for horses and small livestock, particularly the larger parcels on the west side and along Saddleback Boulevard. Township zoning varies block by block, so always verify with Tooele County before assuming animal rights transfer with the property. Many sub-$500K homes here were originally built with that rural use in mind.
Do homes in Lake Point use well water and septic, or city utilities? ▾
It's a mix. Newer subdivisions are typically on culinary water through North Tooele County and sewer, while older properties may have private wells, shared wells, or septic systems. Septic inspections and water rights documentation are worth requesting during due diligence, especially on rural-feeling lots.
How does Lake Point compare to nearby Stansbury Park or Tooele under $500K? ▾
Lake Point usually offers larger lots and a more rural feel than Stansbury Park, which has more amenity-driven HOA neighborhoods around the lake and golf course. Tooele City proper tends to have more inventory and slightly lower prices, but adds 10-12 minutes to the SLC commute. Lake Point is the sweet spot for buyers who want acreage potential without losing freeway access.