Mountlake Terrace Homes under $500,000

Mountlake Terrace Homes under $500,000

Welcome to Mountlake Terrace, Washington – a hidden gem nestled in the heart of Snohomish County! This vibrant city offers a perfect blend of suburban charm and urban convenience, making it an ideal place for families, professionals, and anyone seeking a welcoming community. With its picturesque parks, excellent schools, and a variety of local amenities, Mountlake Terrace is a fantastic place to call home.

One of the most appealing aspects of this lovely city is its accessibility. Located just a short drive from Seattle, residents enjoy the tranquility of suburban living while having the bustling city at their fingertips. Mountlake Terrace boasts an array of recreational opportunities, including the stunning Lake Ballinger and the beautiful Terrace Creek Park, where residents can hike, bike, and enjoy the great outdoors.

For those looking to settle down in Mountlake Terrace, the real estate market offers an exciting opportunity to find homes under $500,000. Whether you're a first-time homebuyer or looking to downsize, you'll discover a variety of charming properties that fit your budget. From cozy single-family homes to modern townhouses, there’s something for everyone.

With a strong sense of community and a commitment to growth and development, Mountlake Terrace is not just a place to live; it’s a place to thrive. Explore the inviting neighborhoods, friendly faces, and a lifestyle that balances work and play. Your dream home in Mountlake Terrace awaits you!

Newest Mountlake Terrace Homes under $500,000

21904 56th Avenue W Unit #B2, Mountlake Terrace
$425,000
3 Beds ⋅ 3 Baths ⋅ 2595820 MLS ⋅ ACTIVE Status
Welcome to this convenient, spacious, and efficient townhome community in Mountlake Terrace that is hard to beat! Just 2 blocks off I-5 with none of the noise, this 3bedroom, 2.5bath townhome comes with fresh updates and two parking spaces. Honey-colored LVP, stainless steel appliances, quartz countertops, brass trim, and a wood burning fireplace make for a luxurious living space downstairs. Upstairs you will find an ever-rare 3bedrooms with full bath in the primary and full bath off the hallway with updated vanities and tile floors. A fiberoptic panel makes this home perfect for WFH or all the online streaming you can dream of. Walk to playfields and an off leash dog park nearby, and take a 5min drive to the Mountlake Terrace Lightrail Station. This home is perfect for convenience, and an ideal way to get into residential neighborhoods at entry-level pricing. Come and get it!

21904 56th Avenue W Unit #B2, Mountlake Terrace

Listing Broker: Every Door Real Estate; Abigail Echols; 404-660-7950; abigaile@everydoorrealestate.com

4502 216th Street SW Unit #2B, Mountlake Terrace
$294,950
2 Beds ⋅ 1 Baths ⋅ 2595878 MLS ⋅ ACTIVE Status
Natural light and a comfortable, open layout welcome you to this two-story Mountlake Terrace condo. A covered front patio leads into the main level, featuring warm-toned flooring, a cozy fireplace, and an open living and dining area framed by large windows. The kitchen offers soft gray-blue cabinets, tile flooring, and two refrigerators, while a generous pass-through keeps it connected to the living area for easy conversation and entertaining. Upstairs, you’ll find two bedrooms with ample closet space and a full bathroom. Convenient on-site laundry and two designated parking spaces—one in a shared garage and one uncovered—make everyday living easy. With no rental cap, this home offers flexibility for homeowners and investors alike—an appealing opportunity to enjoy as it is or personalize over time

4502 216th Street SW Unit #2B, Mountlake Terrace

Listing Broker: List4FlatFee.com, LLC; Stacie Whitfield; 206-843-8122; mls@list4flatfee.com

4120 212th Street SW Unit #B301, Mountlake Terrace
$223,250
2 Beds ⋅ 2 Baths ⋅ 2593813 MLS ⋅ ACTIVE Status
NEW PRICE OFFERING! This top-floor, end-unit condo offers exceptional value for cash or hard money buyers only. Move-in ready with fresh interior paint, updated carpet, and refreshed bathrooms. Natural light floods the open layout, showcasing beautiful territorial views from the living room, dining area, and spacious private balcony. Enjoy year-round comfort with a cozy wood-burning fireplace and an energy-efficient heat pump providing heating and cooling, plus insulated windows. Perfectly located for commuters, you are minutes from the Mountlake Terrace light rail station, Alderwood Mall, shopping, dining, parks, and easy I-5 access. Highly motivated seller—bring your offer today!

4120 212th Street SW Unit #B301, Mountlake Terrace

Listing Broker: Lake & Company; Karen Sorensen; 206-579-1003; karenls@lakere.com

4512 216th Street SW Unit #12A, Mountlake Terrace
$337,249
2 Beds ⋅ 1 Baths ⋅ 2593192 MLS ⋅ ACTIVE Status
Welcome to this FULLY REMODELED and REDESIGNED two-bedroom END UNIT, offering the ultimate privacy with no stairs, no neighbors above or below and only one shared wall. The thoughtfully planned living room layout features a clean, functional shape free of awkward corners or corner unit fireplaces, making furniture placement effortless. Open and airy, the expanded kitchen has been completely transformed to maximize both counter area and storage space. The main bathroom has also been fully redesigned and renovated to eliminate the hotel feel, creating a sleek, elevated retreat. Every inch of the interior boasts high-end updates, including brand-new flooring, doors, trim, modern lighting, fresh paint, and a fully replaced bathtub, surround, and toilet. Mechanical and electrical upgrades provide total peace of mind, featuring new wall heaters, a modern thermostat, updated breakers, updated outlets, and a cozy electric fireplace. Parking and storage are a breeze with one garage space in a two-car garage plus an additional reserved outdoor spot. Located in a PET-FRIENDLY community with the LOWEST HOA DUES IN THE AREA and NO RENTAL CAP, this turn-key property is an incredible opportunity for both homeowners and investors alike. Close to freeways, shopping, schools, parks, cafes, and more.

4512 216th Street SW Unit #12A, Mountlake Terrace

Listing Broker: Redfin; Julie Lutovsky; 425-551-8100; julie.lutovsky@redfin.com

23339 Cedar Way Unit #A-204, Mountlake Terrace
$299,999
2 Beds ⋅ 2 Baths ⋅ 2590893 MLS ⋅ ACTIVE Status
The price and location are spot on! Just what you’ve been searching for. This refreshed, turnkey condo offers the perfect blend of modern updates, peaceful surroundings, and everyday convenience. New paint, new carpet & New stainless-steel Range/hood and New Blinds! The bright kitchen opens to the dining and family rooms, complete with a wood burning fireplace. Two spacious bedrooms and two full baths, including a primary suite with a private bath and large closet. The walk-in laundry room includes a full-size washer & dryer while providing plenty of room for Costco-size items, plus two additional interior closets! Enjoy quiet moments on your private balcony (+ storage) and dedicated parking space. Nestled among mature trees, residents enjoy onsite amenities including a pool, fitness room & sauna. Commuters will appreciate easy access to I-5 and Mountlake Terrace Transit Center, with Link light rail offering convenient connections. A fantastic opportunity!

23339 Cedar Way Unit #A-204, Mountlake Terrace

Listing Broker: RE/MAX Northwest; Lisa R. Lewis; 425-444-5472; lisa@lisaraelewis.com

23507 Lakeview Dr Unit #B103, Mountlake Terrace
$469,500
2 Beds ⋅ 1 Baths ⋅ 2589685 MLS ⋅ ACTIVE Status
Rare Waterfront Living on Lake Ballinger! Nearly new from the inside out, this beautifully remodeled 2-bedroom, 1,029 sq ft home offers the rare combination of waterfront views, extensive updates, and an unbeatable commuter location. Virtually every detail has been refreshed, from the beautifully remodeled interior featuring Cambria quartz countertops, semi-custom Kemper cabinetry, commercial-grade Coretec LVP flooring, and a newly tiled fireplace, to major exterior improvements including NEW siding, NEW roof, and fresh exterior paint. All the work is done — simply move in and enjoy! Even better, these extensive community improvements come with NO special assessment to the buyer. A well-run, well-maintained HOA provides added peace of mind and pride of ownership. Relax on your private covered balcony with unobstructed Lake Ballinger views and gorgeous sunsets. Additional conveniences include brand new appliances and TWO dedicated parking spaces — one covered and one uncovered. The location is just as impressive: walk across the street to the shoreline trails at Ballinger Park or approximately half a mile to the Mountlake Terrace Light Rail Station for an easy car-free commute to Seattle. Waterfront living with the look, feel, and peace of mind of a nearly new home — without the new-construction price tag.

23507 Lakeview Dr Unit #B103, Mountlake Terrace

Listing Broker: Pellego, Inc.; Agnes Igarra; 206-877-2174; agnesnsforcerealty@gmail.com

22107 66th Avenue W Unit #7D, Mountlake Terrace
$330,000
2 Beds ⋅ 2 Baths ⋅ 2588571 MLS ⋅ ACTIVE Status
Welcome to Villaje De Madera! This recently updated top-floor 2-bedroom, 2-bath condo offers comfortable living in a peaceful, well-maintained community. The spacious open-concept layout features high ceilings, a cozy living room with a stone fireplace, and a dining area with convenient breakfast-bar seating at the kitchen counter. The galley kitchen includes a large window that fills the space with natural light, and all appliances stay—including the full-size stacked washer and dryer. Enjoy the added convenience of an assigned parking space, ample guest parking, and a private storage locker. Community amenities include beautifully landscaped grounds, an outdoor pool, clubhouse, and sauna. Excellent location with easy access to I-5 and I-405, Park & Ride, Mountlake Terrace Transit Center and future Light Rail, plus nearby restaurants, shopping, and medical services. A great opportunity for comfortable, convenient, and affordable homeownership!

22107 66th Avenue W Unit #7D, Mountlake Terrace

Listing Broker: Windermere Real Estate Central; Andy Keating; 206-841-8084; andy@andykeatinghomes.com

5502 220th Street SW Unit #D 205, Mountlake Terrace
$420,000
2 Beds ⋅ 2 Baths ⋅ 2524859 MLS ⋅ ACTIVE Status
Fully and newly updated with all new appliances. New water heater. Upper-level 888 sf Condo unit boasting 2 bedrooms, 1.75-bathroom featuring a cozy fireplace, and a peaceful balcony view of the natural reserve. Located in a well-maintained complex with a strong HOA that recently invested in new roofing and fresh exterior paint and parking. Residents enjoy excellent community amenities, including a cabana, swimming pool, and walking trails. Conveniently situated close to freeway access, bus lines, shopping, schools, and parks. Not staged and vacant. Must see!

5502 220th Street SW Unit #D 205, Mountlake Terrace

Listing Broker: Coldwell Banker Danforth; Paul Bichay; 206-790-9316; Paul@bichayhomes.com

21301 48th Avenue W Unit #A206, Mountlake Terrace
$309,000
1 Beds ⋅ 1 Baths ⋅ 2586913 MLS ⋅ ACTIVE Status
Premium location in the gated Axis Condominiums! This exceptional unit offers one of the most desirable locations in the community, providing added privacy, convenience, and a peaceful setting. A rare bonus—two reserved parking spaces are located just steps from the unit, making everyday access incredibly convenient. Enjoy the added privacy and peace of mind of a gated community. The open-concept kitchen, dining, and living area features vaulted ceilings, a cozy fireplace, granite countertops, breakfast bar, stylish cabinetry, stainless steel appliances, and a newer range/oven. The home also features a sleek, high-tech modern washer and dryer and beautiful water-resistant flooring throughout. Step outside to the private deck overlooking the pool. Additional storage is included. Community amenities include a clubhouse, outdoor pool, and beautifully maintained grounds. Ideally located just minutes from Link Light Rail with convenient access to I-5, I-405. Your search ends here—don’t miss the opportunity to make this premium condo yours!

21301 48th Avenue W Unit #A206, Mountlake Terrace

Listing Broker: Skyline Properties, Inc.; Hee Kyoung Hong; 206-859-7857; seattlebesthome@gmail.com

23339 Cedar Way Unit #A302, Mountlake Terrace
$399,950
2 Beds ⋅ 2 Baths ⋅ 2575318 MLS ⋅ ACTIVE Status
Resort Living in the City! Welcome to a beautifully tucked-away 2-bedroom, 2-bathroom residence surrounded by lush greenery, offering 2 car park space with in unit laundry, storage and private balcony. Perfect blend of comfort, privacy & convenience. Step inside and enjoy a open floor plan designed home, creating a peaceful space to enjoy your morning coffee or unwind at the end of the day. Club house is right across offer exceptional collection of amenities Tanning , Sauna, Gym, Pool, Playground & Basketball Court, designed to make every day feel like a getaway. There are community room for small gathering. Complex was surrounded by mature greenery and peaceful landscaping, Commuters will appreciate the easy access to the Mountlake Terrace Light Rail Station and Park & Ride, making travel throughout the region simple and convenient.

23339 Cedar Way Unit #A302, Mountlake Terrace

Listing Broker: WPI Real Estate Services, Inc.; Loretta Lo; 425-533-1188; lorettalorealestate@gmail.com

21307 48th Avenue W Unit #C104, Mountlake Terrace
$279,000
1 Beds ⋅ 1 Baths ⋅ 2584136 MLS ⋅ ACTIVE Status
Convenience meets comfort in the heart of Mountlake Terrace. This well-cared-for unit has everything you’ve been looking for. The open concept living space flows into a beautifully fenced yard, great for hosting BBQs or enjoying your own private oasis. A brand new fridge, updated stove, granite countertops, and an electric fireplace create a comfortable and inviting home. Axis Condominiums boasts a well-maintained clubhouse, gorgeous pool, and a beautifully landscaped courtyard. The unit includes two parking spaces conveniently located nearby, plus additional guest parking just outside building’s entrance. This quiet, tree lined complex is just minutes to I-5, I-405, and the new Mountlake Terrace Light Rail Station. This is a unit you don’t want to miss!

21307 48th Avenue W Unit #C104, Mountlake Terrace

Listing Broker: Keller Williams Seattle Metro; K.B Baron; 206-850-9139; kristin@sweetliving.com

22105 66th Avenue W Unit #1C, Mountlake Terrace
$299,700
2 Beds ⋅ 1 Baths ⋅ 2581771 MLS ⋅ ACTIVE Status
A home of your own—and a life with less to manage. Tucked into a quiet, tree-lined setting, this refreshed end-unit condo offers the rare combination of privacy, convenience, and easy one-level living. Step inside to a bright, updated interior where the living room opens to peaceful green views and a private deck—perfect for morning coffee or unwinding at the end of the day. A wood-burning fireplace adds warmth when Seattle turns cozy, while the flexible second room gives you space to work from home, host overnight guests, or simply have a little extra room to spread out. With level entry and no stairs, in-unit laundry, reserved parking, additional storage, and thoughtful updates throughout, everyday living couldn't be simpler. When you want to get out, light rail, I-5, restaurants, shopping, and services are just minutes away. And at home, enjoy community amenities including a pool, clubhouse, and sauna. Move in, settle in, and spend your time living instead of maintaining.

22105 66th Avenue W Unit #1C, Mountlake Terrace

Listing Broker: COMPASS; Anne Marie Peterson; 206-779-2174; annemarie.peterson@compass.com

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Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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