Orlando Homes under $500,000

Orlando Homes under $500,000

Welcome to Orlando, Florida—where sunshine meets adventure! Nestled in the heart of Orange County, Orlando is not just the theme park capital of the world; it’s a vibrant city bursting with culture, entertainment, and a welcoming community. Known for its year-round warm climate, Orlando offers a lifestyle that’s hard to resist, making it an ideal place for families, young professionals, and retirees alike.

One of the most exciting aspects of Orlando's real estate market is the availability of charming homes under $500,000. Whether you're a first-time homebuyer, looking to downsize, or seeking an investment opportunity, Orlando has a diverse array of properties that cater to your needs. From cozy single-family homes in friendly neighborhoods to modern townhouses with community amenities, there’s something for everyone without breaking the bank.

Imagine living just minutes away from world-renowned attractions like Walt Disney World, Universal Studios, and a plethora of outdoor parks and lakes. With excellent schools, shopping centers, and a vibrant dining scene, the city offers a well-rounded lifestyle that balances work and play.

As you explore your options, you'll find that Orlando's real estate market is thriving, making it a great time to invest in your dream home. With homes priced under $500,000, you can enjoy the perks of city living while still having access to beautiful green spaces and recreational activities.

Come discover the magic of Orlando, where your dream home awaits!

Newest Orlando Homes under $500,000

304 E South Street Unit 5023, Orlando
$164,900
1 Beds ⋅ 1 Baths ⋅ Grande Downtown Orlando SubDv. ⋅ 32801 Zip Code
Experience the heart of downtown Orlando living in this 1 bedroom, 1 bath, 744 sq ft condo. Step out onto your private balcony to take in city views. The location is hard to beat. With the Dr. Phillips Center for the Performing Arts right across the street and the Kia Center, Inter.co Stadium, and Lake Eola a short walk away, you’ll have plenty of options for your off hours. The community offers gated entry, a pool, and a fitness center, plus an assigned space in the garage, which is a valuable perk downtown. This condo is a great fit as a primary residence or as an investment property in one of Orlando’s most in-demand neighborhoods.

304 E South Street Unit 5023, Orlando
300 E South St Unit 1005, Orlando
$150,000
1 Beds ⋅ 1 Baths ⋅ Grande Downtown Orlando SubDv. ⋅ 32801 Zip Code
Enjoy downtown Orlando living at The Grande! This 1-bedroom, 1-bath condominium features a private balcony and a convenient location near Lake Eola, Thornton Park, restaurants, shopping, entertainment, and major roadways. Community amenities include a swimming pool, fitness center, and gated parking. Whether you’re looking for a primary residence, a downtown retreat, or an investment property, this condo offers an opportunity to enjoy one of Orlando’s most dynamic locations. Schedule your private showing today!

300 E South St Unit 1005, Orlando
204 E South Street Unit 2052, Orlando
$198,000
2 Beds ⋅ 2 Baths ⋅ Grande Downtown Orlando Condo SubDv. ⋅ 32801 Zip Code
Experience the best of downtown Orlando living in this spacious 2-bedroom, 2-bathroom split-plan condominium, ideally situated within a gated community just moments from the city’s premier dining, entertainment, and cultural destinations. Take the elevator to the second floor, to see this well designed residence, which offers enhanced privacy, with no immediate neighbors on either side. The inviting interior features an open kitchen with abundant cabinetry and a convenient breakfast or dining area, along with a separate laundry closet equipped with a full-size washer and dryer. The expansive living room provides an ideal setting for entertaining or just relaxing at home, while French doors open to a private balcony overlooking the beautifully landscaped grounds, the community courtyard, and the resort-style swimming pool. A dedicated outdoor storage closet on the balcony adds convenience. The spacious primary suite offers a private retreat, complete with an oversized walk-in closet and an ensuite bathroom featuring dual sinks, generous vanity space, and a soaking tub/shower combination. The secondary bedroom includes two closets and convenient access to the second full bathroom, creating a functional and versatile split-bedroom layout. Residents enjoy a wealth of community amenities, including a resort-style swimming pool, fitness center, landscaped courtyard with seating, and multiple grilling areas. The community amenities package conveniently includes water, sewer, trash and exterior maintenance. The attached parking garage offers assigned parking, with additional guest parking available on the eighth floor. Enjoy an exceptional downtown lifestyle just steps from the Dr. Phillips Center for the Performing Arts, Lake Eola, Publix, Wall Street Plaza, Public Library & History Center, Kia Center, Sunrail Station, and an outstanding selection of restaurants, cafés, and entertainment venues. Convenient access to I-4 and the 408.

204 E South Street Unit 2052, Orlando
322 E Central Boulevard Unit 811, Orlando
$349,900
2 Beds ⋅ 2 Baths ⋅ Waverly/Lk Eola Condo SubDv. ⋅ 32801 Zip Code
BEAUTIFULLY UPDATED DOWNTOWN ORLANDO CONDO WITH FOUNTAIN VIEWS! Welcome to 322 E Central Boulevard, Unit 811, where modern design, stylish finishes, and an unbeatable downtown location come together! This stunning residence was COMPLETELY REMODELED IN 2017–2018, offering a spacious OPEN-CONCEPT FLOOR PLAN with a seamless flow between the kitchen, dining, and living areas. The beautifully updated kitchen features elegant granite countertops, sleek cabinetry, stainless steel appliances, a NEW ELECTRIC STOVE, contemporary backsplash, and a large breakfast bar perfect for entertaining. The inviting living area features beautiful wood flooring, abundant natural light, and an EAST-FACING EXPOSURE that welcomes the morning sunshine along with peaceful fountain views. The spacious primary suite offers a relaxing retreat and an updated en-suite bathroom featuring contemporary cabinetry, stylish finishes, and a glass-enclosed tub and shower. The SECOND BATHROOM WAS REMODELED IN 2020, adding even more modern appeal. Additional highlights include NEW CEILING FANS THROUGHOUT AND ONE GARAGE PARKING SPACE INCLUDED WITH THE UNIT. THE HOA FEE OF $951 COVERS WATER, TRASH, BUILDING INSURANCE, 24-HOUR SECURITY, POOL, GYM, CLUBHOUSE, AND PEST CONTROL, kind of like most of your monthly bills in one payment! THE ENTIRE BUILDING WAS JUST PRESSURE WASHED AND THE EXTERIOR REPAINT IS ABOUT 90% COMPLETE, giving the property fresh curb appeal. Enjoy the convenience of downtown Orlando living, just moments from Lake Eola Park, Thornton Park, restaurants, shopping, entertainment, and everything the city has to offer. Whether you’re looking for a full-time residence or a downtown retreat, this beautifully updated condo offers the perfect combination of STYLE, COMFORT, AND LOCATION. DON’T MISS THIS OPPORTUNITY TO EXPERIENCE DOWNTOWN ORLANDO LIVING AT ITS FINEST!

322 E Central Boulevard Unit 811, Orlando
860 N Orange Avenue Unit 401, Orlando
$199,900
1 Beds ⋅ 1 Baths ⋅ Park North Cheney Place SubDv. ⋅ 32801 Zip Code
Welcome to Unit 401 at Park North at Cheney Place, ideally located in Orlando’s vibrant North Quarter near the heart of Downtown Orlando. Featuring fresh interior paint and a brand-new washer and dryer, this 1-bedroom, 1-bath condominium offers approximately 645 square feet of thoughtfully designed living space, combining an efficient urban layout with an exceptional location and an impressive array of community amenities. This move-in-ready condo offers added comfort and convenience. The open-concept floor plan seamlessly connects the kitchen, dining, and living areas, creating a bright and functional space for everyday living and entertaining. The spacious bedroom and full bathroom complete this inviting downtown residence. Park North at Cheney Place offers an outstanding amenity package featuring two tropical swimming pools, beautifully landscaped courtyards, a club room with billiards, a computer and conference room, cardio and weight rooms, and dedicated dog park areas. Conveniently situated near Downtown Orlando’s restaurants, shopping, nightlife, and entertainment, the community also provides easy access to Lake Ivanhoe, Lake Eola, Creative Village, the Dr. Phillips Center for the Performing Arts, and major roadways including I-4 and SR-408. Whether you're seeking a primary residence or an investment opportunity, this freshly painted condo with a brand-new washer and dryer offers an excellent opportunity to enjoy downtown living with resort-style community amenities.

860 N Orange Avenue Unit 401, Orlando
629 Delaney Avenue Unit 18, Orlando
$175,000
1 Beds ⋅ 1 Baths ⋅ Delaney Place SubDv. ⋅ 32801 Zip Code
LOCATION. LOCATION. LOCATION! A RARE opportunity to enjoy a walkable downtown Orlando lifestyle! This adorable 1-bedroom, 1-bathroom condo at 629 Delaney Avenue puts you in a prime location just minutes from Downtown Orlando, the Dr. Phillips Center for the Performing Arts, and the surrounding entertainment, dining, and nightlife. Enjoy easy access to local restaurants, live performances, city events, and the vibrant downtown atmosphere. Spend your evenings enjoying a show, grabbing dinner with friends, or exploring everything the City Beautiful has to offer. Whether you're looking for a place to call home or an investment opportunity, this charming condo offers the convenience and location you've been looking for. Don't miss your chance to experience downtown Orlando living! Schedule your private showing today. Home may be under audio or visual surveillance.

629 Delaney Avenue Unit 18, Orlando
860 N Orange Avenue Unit 355, Orlando
$225,000
2 Beds ⋅ 2 Baths ⋅ Park North Cheney Place Condo SubDv. ⋅ 32801 Zip Code
DOWNTOWN ORLANDO LIVING AT ITS BEST! Discover the perfect combination of comfort, convenience, and urban lifestyle at Park North at Cheney Place, located in the desirable North Quarter District of Downtown Orlando! This spacious 2-bedroom, 2-bathroom condominium offers an inviting open-concept living and dining area, beautiful wood flooring, abundant natural light, and oversized windows that create a bright and welcoming atmosphere. The kitchen overlooks the main living space, offering a functional layout ideal for everyday living and entertaining. Enjoy the convenience of a community filled with amenities, including TWO resort-style swimming pools, fitness facilities with cardio and weight equipment, a clubhouse with billiards, business and conference rooms, beautifully landscaped courtyards, pet-friendly dog park areas, and gated garage parking. LOCATION IS EVERYTHING! Situated just minutes from Lake Eola Park, Lake Ivanhoe, the Orlando Urban Trail, and the vibrant Ivanhoe Village district, this community places you near some of Orlando's favorite restaurants, coffee shops, shopping, nightlife, and entertainment. Enjoy easy access to the Dr. Phillips Center for the Performing Arts, Kia Center, Inter&Co Stadium, and Downtown Orlando's year-round festivals and cultural events. Commuters will appreciate convenient access to I-4, SR 408, and nearby public transportation. Whether you're looking for a primary residence, a downtown retreat, or an investment opportunity subject to association guidelines, this property offers an exciting opportunity to enjoy the best of city living. Experience the lifestyle, location, and convenience that make Park North at Cheney Place a desirable place to call home. Schedule your private showing today!

860 N Orange Avenue Unit 355, Orlando
151 E Washington Street Unit 5A, Orlando
$350,000
1 Beds ⋅ 1 Baths ⋅ Metropolitan/Lk Eola SubDv. ⋅ 32801 Zip Code
Experience downtown Orlando living at 151 E Washington Street, Unit 5A, a beautifully remodeled penthouse offering sweeping views of Lake Eola and the city skyline. This residence features updated flooring, modern lighting, custom accent walls, and upgraded cabinetry throughout. The kitchen offers updated appliances, while the renovated bathroom features contemporary floating vanities. Additional highlights include plush bedroom carpeting, electronic blinds, built-in storage, and two parking spaces conveniently located near the elevator. Enjoy panoramic lake and skyline views with Lake Eola Park, dining, shopping, and entertainment just steps away. Combining modern finishes with a prime downtown location, this penthouse offers an exceptional opportunity to enjoy urban living. Furniture is negotiable. Schedule your private showing today!

151 E Washington Street Unit 5A, Orlando
530 E Central Boulevard Unit 203, Orlando
$249,900
2 Beds ⋅ 2 Baths ⋅ 530 East Central Condo SubDv. ⋅ 32801 Zip Code
A RARE TERRACE RESIDENCE IN THE HEART OF DOWNTOWN ORLANDO! Discover an exceptional opportunity to own a spacious two-bedroom, two-bathroom condominium at the iconic 530 East Central, one of Downtown Orlando's original luxury residential high-rises. Perfectly positioned along beautiful Lake Eola Park, this distinctive residence offers something increasingly difficult to find in today's high-rise market: an expansive private outdoor terrace that extends your living space well beyond the interior walls. THE TERRACE IS THE SHOWSTOPPER! Whether you envision an outdoor dining retreat, a sophisticated lounge setting, a private garden oasis, or simply a peaceful escape from the energy of Downtown Orlando, this extraordinary outdoor space offers endless possibilities. Enjoy the freedom of condominium living without sacrificing the outdoor lifestyle typically reserved for single-family homes. Built in 1987, 530 East Central helped pioneer the transformation of Downtown Orlando into the vibrant urban residential destination it is today. Recognized as a contemporary classic, this established high-rise combines timeless architecture, generously proportioned floor plans, and a premier Lake Eola location. Decades of owner involvement and continued attention to the property have helped preserve its distinctive character and enduring appeal. Residents enjoy an impressive collection of amenities, including a fitness center overlooking the beautifully landscaped pool and hot tub deck, creating an inviting environment for recreation and relaxation. The building's established residential atmosphere and exceptional location distinguish it from the newer generation of Downtown Orlando towers. LOCATION. LIFESTYLE. WALKABILITY. Step outside and experience everything that makes Downtown Orlando extraordinary. Lake Eola Park, the Sunday Farmers Market, Thornton Park's neighborhood restaurants and cafés, Publix, entertainment, cultural attractions, and the Central Business District are all conveniently nearby. Enjoy morning walks around the lake, evenings dining outdoors, and the convenience of having the best of Orlando just beyond your doorstep. TWO BEDROOMS. TWO BATHROOMS. ONE EXTRAORDINARY TERRACE. Unit 203 offers a compelling combination of spacious condominium living, exceptional private outdoor space, and the character of one of Downtown Orlando's most established residential addresses. Experience the timeless appeal of 530 East Central and discover why location, generous living spaces, and extraordinary outdoor terraces never go out of style. Schedule your private showing today!

530 E Central Boulevard Unit 203, Orlando
101 S Eola Drive Unit 709, Orlando
$259,900
1 Beds ⋅ 2 Baths ⋅ 101 Eola Condos SubDv. ⋅ 32801 Zip Code
Virtually Staged. Virtually staged. Note: one or more photos has been virtually staged. One of the more beautiful units in the entire building. Remodeled in 2022 with granite tops, new solid wood cabinets with gold hardware, matching gold faucet, large oversized pantry, spotless stainless steel appliances (like new), and a great room with ceiling to floor windows. Over 10K worth of custom, heat resistant drapes from the Shade Store in Winter Park adorn the ceiling to floor windows in the great room & primary suite. As part of the remodel, the old-fashioned & original 2 tier countertop was removed & a large, flat countertop has taken its place, adding a huge surface area, as well as functionality & beauty to the kitchen & dining area. The east facing balcony provides the perfect setting for your morning cup of coffee with an inviting sunrise. A gorgeous view of trees and landscaping as it overlooks the amazing lap pool just 20' below your patio. A spacious size primary suite (bring your king sized bed!) is also east facing with morning sunrise views & total privacy (no parking decks or apartments to spoil your view from either room). Watch the launches from the Cape from either room as well. Just breathtaking!! The oversized primary bath offers double vanities with granite tops, a shower-tub combination with lovely custom glass slider doors. A walk-in closet completes this amazing retreat. A washer/dryer combo is included and the den/office is both functional and the perfect complement to someone needing a home office or someone who works at home and wants to close the door and leave the office behind at the end of the day. A guest bath, located just off of the entry foyer is the perfect accessory for your guests. If you are into swimming, simply make your way to the gorgeous lap pool located on the 5th floor. Relax in the inviting spa! The pool and spa underwent a complete renovation throughout the course of 2023-2025 and is open and ready for your daily swim. Relax in the inviting spa.Generous lawn chairs provide priceless afternoons of sunning and relaxation. Ready to work out? 101 offers one of the most complete and well-appointed fitness centers in all of downtown Orlando. Equipment galore and open 24 hours a day for your workout pleasure. Prefer to relax with friends and play billiards? Make your way to the enormous Clubhouse with a pool table, large comfy sofas, 2 60" televisions and ample seating for all of your friends! Walk 1 block to Lake Eola for daily excursions and the popular Sunday Farmers Market. Do you have pets? Just a couple blocks south is the dog park, the exercise retreat for your best friend:) You will never go hungry in your new condo - 101 is connected to R U Steak and the Broken Cage and across the street from the Stubborn Mule, a real downtown hotspot. Want a cup of coffee? Starbucks and Bynx are just a block away. Other restaurants and eateries close by include: Eola Lounge, Anthonys Italian Pizza, JINYA Ramen Bar, Osteria Esther, June, Shakai Sushi Lounge, World of Beer, F & D Cantina, Metro Expresso Pizza, Evergreen Juice Bar & Toast, Sparrow Wine and Bar, Cavo's Bar and Kitchen - just to name a few! Rather eat-in? Publix is a block away. Want to take in a movie afterwards? The Plaza Movie Theater is 5 blocks west. Prefer cultural events? The Dr. Phillips Performing Art Center is also 5 blocks west across from City Hall. This one owner treasure has been meticulously cared for and ready for its new owner. Come see today!

101 S Eola Drive Unit 709, Orlando
151 E Washington Street Unit 327, Orlando
$157,000
1 Beds ⋅ 1 Baths ⋅ Metropolitan/Lk Eola SubDv. ⋅ 32801 Zip Code
Amazing Location! Nestled in the vibrant downtown area of Orlando, this spacious 1/1 condominium has a Lake Eola view, as it sits directly across from it. Real wood floors flow throughout the kitchen, living room and solarium spaces. The kitchen has been modernized with a granite breakfast bar, and stainless steel appliances. The primary bedroom boasts ample closet space which also accommodates a single washer/dryer, a sitting area, and an updated bathroom. Residents of the Metropolitan at Lake Eola benefit from a variety of amenities, including a renovated swimming pool, fitness center, clubhouse, mail room with Amazon hub and laundry facilities. Condo fees include Reserves Funding, OUC Chilled Water for Air Conditioning, Hot/Cold Water, trash and sewer. Enjoy the ease of downtown living with convenient access to Publix, a variety of restaurants and bars, the Farmer's Market, Dr. Phillips Center, Amway Center, and much more. Moreover, Lake Eola Park is set for a $60 million dollar renovation, with planned improvements featuring a relocated swan boat marina, an expanded amphitheater seating area with a new canopy, new restrooms with integrated outdoor concession stands, and wider sidewalks. Seize this excellent opportunity to invest or call Downtown Orlando your home! Schedule your private viewing today!

151 E Washington Street Unit 327, Orlando
101 S Eola Drive Unit 905, Orlando
$221,000
1 Beds ⋅ 1 Baths ⋅ 101 Eola Condos SubDv. ⋅ 32801 Zip Code
Welcome home to 101 Eola, nestled in the heart of Thornton Park. This beautifully maintained 1-bedroom, 1-bathroom condo offers peace of mind with a brand-new HVAC system installed in December 2025. Additional updates include new stainless steel appliances, a new water heater, and a bathroom refresh completed in 2024. Programmable electronic blinds add both comfort and a touch of luxury to the living space. A gated garage parking spot is deeded with the unit. Residents and guests of 101 Eola enjoy exclusive access to exceptional amenities, including a newly renovated resort-style saltwater pool and spa, an updated fitness center, a resident lounge ideal for entertaining, 24/7 concierge service, and so much more. Celebrate the holidays in your new home! Call today to schedule your private showing and experience everything 101 Eola and downtown living have to offer.

101 S Eola Drive Unit 905, Orlando
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