What $550k Buys You In Towngate

Big Price Drop Too

Not a flip. Not a teardown.

Just a solid, well located home in a gated community with good schools and useful amenities.

This week’s pick is a 3 bedroom, 2.5 bath home in TownGate, listed at $550,000.

It’s been sitting for a while, 336 days on market, and has come down a full $100K from its original price of $650K.

That’s the kind of movement we don’t see often in this neighborhood.

The Property

Why This Made the List

• Price Point: It’s one of the lowest priced single family homes in TownGate right now. That’s saying something.

• Community Perks: TownGate has four pools, tennis, basketball, and a solid clubhouse setup all included in the $217/month HOA.

• Low Maintenance Living: The HOA also covers cable, fiber internet, landscaping, roof repairs, and exterior paint. Fewer headaches, especially for first time buyers or downsizers.

• Functional Layout: The 1,709 sq ft floor plan makes good use of space. Big walk in closet in the primary suite. 2 car garage. Private backyard.

• School Zones: Zoned for Silver Lakes Elementary and Walter C. Young, two of the area’s stronger public schools.

Why It’s Still Sitting

Three reasons:

1. It started high at $650K in late 2024 which was ambitious for this home.

2. It’s not fully renovated but it’s clean and livable.

3. Most buyers want a pool or more yard at this price.

Still, for the buyer who wants west Pines location, low overhead, and a single family home under $600K, this one might be worth a second look, especially if the seller’s ready to deal.

Pro Tip

Don’t overlook the homes that have been sitting. 

Long days on market doesn’t always mean something’s wrong, sometimes it just means the price finally caught up to reality.

If you're a buyer in this range, these are the listings where you have leverage. 

Use it.

Curious what else this price range can get you?

Let’s break it down.

Grab a spot on my calendar: Strategy Session.