Morgan County Homes under $500,000

Morgan County Homes under $500,000

Welcome to Morgan County, Missouri – a hidden gem nestled in the heart of the Show-Me State! Known for its picturesque landscapes and friendly communities, Morgan County offers a perfect blend of rural charm and modern conveniences. With its lush rolling hills, sparkling lakes, and vibrant wildlife, this area is an outdoor enthusiast’s paradise. Whether you enjoy fishing, hiking, or simply soaking in the natural beauty, Morgan County has something for everyone.

For those looking to plant roots in this delightful county, there’s a fantastic selection of homes available for under $500,000. From cozy cottages to spacious family homes, the real estate market here caters to a variety of tastes and budgets. Imagine waking up in a charming home surrounded by serene countryside views or enjoying weekend barbecues in a spacious backyard. With such affordability, you can find a property that not only meets your needs but also offers the lifestyle you’ve always dreamed of.

Morgan County is also home to a strong sense of community, with local events, farmers' markets, and friendly neighbors who make you feel right at home. Plus, with easy access to nearby cities, you can enjoy the tranquility of rural living while being just a short drive away from urban amenities.

If you’re ready to embark on a new chapter in Morgan County, explore the diverse range of homes under $500,000 and discover the perfect place to call your own. Experience the charm, community, and natural beauty that this wonderful county has to offer!

Newest Morgan County Homes under $500,000

28987 E Gibson Point Road, Gravois Mills
$499,000
2 Beds ⋅ 2 Baths
This is the kind of lake house that makes owning at Lake of the Ozarks EASY. Located at the 4 MM of the Gravois Arm near Coconuts, this move-in-ready 2-bedroom, 2-bath home is ready for you to start enjoying from day one. One of the best features may be the lot itself. Forget the steep climbs and endless stairs you often find at the lake—this property offers an easy drive in and a gentle slope down to the water. Even better, there’s a boat ramp right on the property, plus a one-well dock with a boat lift, so getting on the water couldn’t be more convenient. There’s plenty of deck space for everything that makes lake life fun—morning coffee, grilling after a day on the boat, entertaining friends or settling in for an evening overlooking the water. The home is being offered turn-key, taking the work and worry out of getting your lake place set up. Just bring your weekend bag, stock the refrigerator and head for the dock. With a great location on the Gravois Arm, easy access to some of the lake’s favorite waterfront destinations, a gentle lot, private boat ramp, dock and plenty of outdoor living space, this property checks the boxes that matter. Less work. More lake. That’s exactly how it should be.

28987 E Gibson Point Road, Gravois Mills

Listing courtesy of Jennifer Jellum of RE/MAX Central.
612 E 4th Street, Stover
$259,000
3 Beds ⋅ 2.5 Baths
This well-maintained home offers comfortable living with an inviting open-concept layout. The kitchen, dining, and living areas flow together, making entertaining easy. The primary suite features a private ensuite, while two additional bedrooms offer flexibility for family, guests, or an office. LVP flooring runs throughout the main living areas, with carpet in the bedrooms. Enjoy the charming front porch, large yard, and awesome back patio, perfect for relaxing or entertaining. Sitting on approximately half an acre, this property offers plenty of outdoor space. The real standout is the impressive 34' x 34' insulated and heated shop located directly behind the home. Featuring concrete floors and a half bathroom, the shop offers incredible versatility for vehicles, equipment, hobbies, projects, storage, or a home business. A well-maintained home, great outdoor space, and an exceptional shop make this Stover property one you won't want to miss!

612 E 4th Street, Stover

Listing courtesy of Tyler Rasmussen of Keller Williams KC North.
22962 Highway TT Highway, Versailles
$352,000
3 Beds ⋅ 2 Baths
COUNTRY LIVING IS WHERE IT’S AT! Discover the privacy and peacefulness you’ve been looking for on this beautiful 10-acre wooded property located just 4 miles north of Gravois Mills and 6 miles south of Versailles, Missouri—and only minutes from Osage Beach and the Lake of the Ozarks. Enjoy the quiet side of the lake while still being close to shopping, dining, recreation, and all the lake has to offer. This charming 3-bedroom, 2-bath home offers a warm, inviting feel with vaulted tongue-and-groove ceilings, beautiful hardwood and tile floors, stainless steel appliances, and a spacious open-concept layout. Numerous upgrades throughout make this home comfortable, stylish, and ready to enjoy. The stunning primary suite features oversized windows, a large walk-in closet, and French doors leading to a beautiful private bath with a gorgeous soaking tub and walk-in shower. Step outside onto the expansive deck and take in the peaceful wooded setting and private backyard. Nature lovers will appreciate the abundant wildlife, with deer and turkey regularly traveling through the property. The mature timber provides privacy, beauty, and a true country-living atmosphere. A 35' x 24' heated and electric shop adds valuable space for hobbies, equipment, storage, or projects. If you’re searching for private country living on 10 acres near the Lake of the Ozarks, this property offers the rare combination of acreage, privacy, modern comforts, wildlife, and convenient access to Osage Beach. Come experience the peaceful side of the lake and see why country living is where it’s at!

22962 Highway TT Highway, Versailles

Listing courtesy of Mark Akin of Diamond A Real Estate, LLC.
25438 Poplar Drive, Barnett
$349,000
3 Beds ⋅ 1.5 Baths
Some properties offer a house. This Barnett MO property offers breathing room, privacy, and possibilities. Secluded on approximately 11 acres, this 3-bedroom, 1.5-bath home is surrounded by a mix of open ground, mature woods, and established fruit and nut trees. An additional 2-bedroom, 1-bath ADU creates flexible space for guests, extended family, or potential rental income. Dreaming of a homestead? A chicken coop, greenhouse, garden area, and room to expand are already here. The covered deck overlooks the peaceful setting, while a detached garage/shop with concrete floor, heat, and electricity provides space for projects, equipment, or storage. Enjoy country living with deeded access to a nearby private boat ramp and convenient proximity to Lake of the Ozarks and off-road trails at The Loop 2. Additional acreage may also be available, offering even more opportunity to expand your private retreat or homestead. Whether you're searching for a full-time home, weekend escape, multi-generational property, or income opportunity, this unique Ozarks property offers room to make it your own.

25438 Poplar Drive, Barnett

Listing courtesy of ANGIE SEATON of INTEGRITY HOME TEAM.
30293 Autumn Road, Gravois Mills
$350,000
2 Beds ⋅ 2 Baths
Discover the opportunity to create your own lake-area retreat on 2.31 acres in the Millcreek/Gravois Arm area. This ranch-style home features 2 bedrooms, 2 full bathrooms, central heat and air, private well water, newer windows, and a newer roof. The spacious living area opens to an impressive 1,500-square-foot deck through sliding doors on either end of the living room, creating the perfect space for entertaining, relaxing, and enjoying views of the water, surrounding trees, and abundant wildlife. The unfinished walkout-capable basement offers approximately 1,100 square feet of additional space with plumbing already stubbed for a third full bathroom, providing endless possibilities for future living space, guest quarters, recreation areas, or storage. Outside, you'll appreciate the circular concrete driveway, mature trees, privacy, and acreage that allows room to roam, garden, recreate, or simply enjoy the peaceful lake lifestyle. Whether you're searching for your forever home, summer retreat, or just a renovation project, this home offers the flexibility to make it your own. With approximately 2,800 square feet between the main level and unfinished basement, a private one-slip dock, and beautiful water views, this property offers the space, setting, and potential to become something special. Conveniently located just minutes from Laurie with all-blacktop access via State Route O, you'll enjoy the balance of accessibility and country charm while being close to lake amenities, dining, shopping, and recreation. Bring your vision and unlock this property's potential just feet from the water. An old cabin and shop building need TLC. No HOA

30293 Autumn Road, Gravois Mills

Listing courtesy of Sally Davis of Sally Davis Real Estate LLC.
Start Your Search

The data relating to real estate displayed on this website comes in part from the Heartland Multiple Listing Service database compilation. The properties displayed on this website may not be all of the properties in the Heartland MLS database compilation, or all of the properties listed with other brokers participating in the Heartland MLS IDX program. Detailed information about the properties displayed on this website includes the name of the listing company.

The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. (“Heartland MLS”). Copyright 2026, Heartland Multiple Listing Service, Inc. Heartland MLS and the company represented by this website do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private noncommercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. Data last updated . Terms of Use

How much is your home worth?

Get instant property value now!