Mountlake Terrace Homes under $500,000

Mountlake Terrace Homes under $500,000

Welcome to Mountlake Terrace, Washington—a charming city nestled in the heart of Snohomish County, just a stone's throw away from the vibrant urban life of Seattle. With its picturesque parks, friendly neighborhoods, and a strong sense of community, Mountlake Terrace offers a perfect blend of suburban tranquility and easy access to city conveniences.

One of the most appealing aspects of Mountlake Terrace is its affordability, particularly for homebuyers seeking properties under $500,000. This makes it an ideal destination for first-time buyers, growing families, or anyone looking to invest in a welcoming community without breaking the bank. Here, you can find a variety of homes, from cozy single-family residences to modern townhouses, all set against the backdrop of lush greenery and scenic landscapes.

The city boasts excellent schools, diverse dining options, and a plethora of recreational activities. With over 200 acres of parks, including the beautiful Ballinger Park and the serene Mountlake Terrace Civic Center, residents can enjoy outdoor adventures year-round. Plus, the close-knit community hosts numerous events and festivals, making it easy to forge lasting connections with neighbors.

Living in Mountlake Terrace means embracing a lifestyle that balances comfort and convenience. With easy access to public transportation and major highways, commuting to Seattle or exploring the stunning Pacific Northwest is a breeze. Discover your dream home in Mountlake Terrace today, where affordability meets charm in this delightful corner of Washington!

Newest Mountlake Terrace Homes under $500,000

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

21307 48th Avenue W Unit #C208, Mountlake Terrace
$279,900
1 Beds ⋅ 1 Baths ⋅ 2589715 MLS ⋅ ACTIVE Status
Wonderful opportunity to live in the coveted community at Axis Condominiums, only minutes to the new Link Light Rail with easy access to I-5, 405, and I-90. Possible investment opportunity, rental cap has not been met as of listing date. Well maintained clubhouse and swimming pool for summer enjoyment. Ground level, gated entry onto second floor. Open concept living includes a spacious kitchen with granite counters and eating space. Living room leads to covered balcony with room for patio furniture and barbeque. Bedroom is inviting with large window for natural light and generous closet. Washer and dryer are well appointed in the hallway closet. Full bathroom with tile floor and shower. Dedicated storage unit in main of building. Close to bountiful shopping and large selection of restaurants. Professionally cleaned and ready to move in.

21307 48th Avenue W Unit #C208, Mountlake Terrace

Listing Broker: Coastal Realty; Monica S Doppel; 425-923-5011; mdoppelrealty@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

4120 212th Street SW Unit #B301, Mountlake Terrace
$235,000
2 Beds ⋅ 2 Baths ⋅ 2572575 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
$355,000
2 Beds ⋅ 1 Baths ⋅ 2568160 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

23007 Lakeview Drive Unit #A303, Mountlake Terrace
$430,000
2 Beds ⋅ 2 Baths ⋅ 2566235 MLS ⋅ ACTIVE Status
This spacious 2 bedroom + den, top-floor condo offering peaceful, territorial views and exceptional privacy. This quiet, light-filled home also boasts an open living area centered around a cozy gas fireplace and sliders to a private, view deck. Spacious kitchen with breakfast bar, French doors opening to a true den—ideal for a home office, or guest space and in-unit laundry with more storage. Primary suite features a walk-in closet, private 3/4 bath and beautiful views. Condo includes a single-car garage with extra storage, plus an additional designated parking space and several guest parking spots. Enjoy friendly neighbors and an unbeatable location just 1 mile to Light Rail, with easy access to the Interurban Trail, Lake Ballinger for swimming, kayaking and picnics, and Nile’s Golf Course —the perfect balance of tranquility and convenience.

23007 Lakeview Drive Unit #A303, Mountlake Terrace

Listing Broker: John L. Scott Woodinville; Chelsey Samonte; 206-919-4427; chelseys@johnlscott.com

4409 216th Street SW Unit #D, Mountlake Terrace
$390,000
2 Beds ⋅ 2 Baths ⋅ 2561734 MLS ⋅ ACTIVE Status
[**LENDER PAID 2-1 BUYDOWN**THIS IS AN INCREDIBLE OPPORTUNITY FOR YOUR BUYER- SAVES THOUSANDS OF $$!] Welcome to Cedarwood Park Condominiums, this stunning 2 bed/2 bath [FULLY RENOVATED & REMODELED HOME]is truly turnkey, with virtually every surface and finish brand new! The completely [REDESIGNED & BRAND NEW KITCHEN] features new cabinetry, quartz countertops, hardware, pantry storage, and all-new appliances. Brand-new LVP flooring and carpet flow throughout, complemented by fresh interior paint, new moulding, lighting, outlets, switches, and baseboard heaters. [BOTH BATHROOMS HAVE BEEN COMPLETELY REMODELED] & the primary bathroom has a new vanity, countertops, fixtures, flooring, and new tub/shower surround. [TOP FLOOR WITH VAULTED CEILINGS,] a wood-burning fireplace, and large windows create a bright, inviting living and dining space. Sliding glass doors open to a [COVERED OVERSIZED PATIO] overlooking peaceful trees and green space, the perfect quiet retreat. Both bedrooms enjoy generous size & storage, including two closets in the primary suite. [TWO DEDICATED PARKING SPACES], one covered and one uncovered...plus two storage closets. Enjoy beautifully maintained grounds, nearby sport/tennis courts, and walking trails. [WATER, SEWER & GARBAGE ARE INCLUDED IN THE HOA DUES]. [EDMONDS SCHOOL DISTRICT], minutes from MLT High School, [MLT TRANSIT CENTER], and the [LYNNWOOD LIGHT RAIL STATION]. Everything is done, you just get to move in and enjoy a practically brand-new home!

4409 216th Street SW Unit #D, Mountlake Terrace

Listing Broker: John L. Scott Snohomish; Carrie Freeman; 206-355-6230; carriefreeman@johnlscott.com

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