Leesburg Homes under $500,000

Welcome to Leesburg, Indiana – a hidden gem nestled in the heart of Kosciusko County! This charming town is known for its friendly atmosphere, picturesque landscapes, and a strong sense of community. With a population that values both tradition and progress, Leesburg offers a unique blend of small-town charm and modern conveniences, making it an ideal place for families, retirees, and everyone in between.

One of the most appealing aspects of Leesburg is its affordability in the housing market. If you’re searching for a new home without breaking the bank, you'll be delighted to discover a variety of homes available for under $500,000. Whether you’re looking for a cozy starter home, a spacious family residence, or a charming bungalow, Leesburg has something to suit every taste and budget. Many of these homes come with beautiful yards, perfect for outdoor gatherings or quiet evenings under the stars.

In addition to its affordable housing, Leesburg boasts an array of local amenities, including parks, shops, and dining options that reflect the community’s spirit. Outdoor enthusiasts will appreciate the nearby lakes and nature trails, which offer ample opportunities for fishing, hiking, and enjoying the great outdoors.

With its welcoming community, stunning natural surroundings, and budget-friendly homes, Leesburg is not just a place to live; it's a place to thrive. Come explore all that this delightful town has to offer and find your perfect home in Leesburg today!

Newest Leesburg Homes under $500,000

$345,000

1 Beds ⋅ 1 Baths ⋅ 202640753 MLS ⋅ 909 SqFt. ⋅ Patrick Pfefferkorn

Lake Tippecanoe - Immediate possession on this amazing upper level unit offering superb lake views from nearly every room. Move-in ready with tons of charm and very accommodating floor plan...maximizing the use of space. Open concept living with vaulted ceiling and wall of lakeside/poolside windows offering an abundance of natural light. Spacious living room with separate loft living space that currently provides for a 2nd bedroom. Direct access to lakeside porch offering tremendous views and relaxing environment. Custom kitchen provides efficient use while delivering views and bar seating option. Large master suite delivers comfort and style while completing this amazing offering. Indulge in summertime fun while swimming or sunbathing at the pool or at the end of the pier capturing grand views of the lake and beautiful sunsets. Take in all the watersports and lake activities as you navigate to and from your assigned boat slip. Conveniently located...within close proximity to the Tippecanoe Country Club & golf course and nearby shops & restaurants. Also, enjoy visiting the nearby hiking trails...an ideal setting for dog owners. Enjoy all the amenities of this maintenance-free lifestyle. Always in high demand as Tippy’s only lakefront condominium complex (Echo Springs) offering seasonal or year-round living…ideal for snowbirds looking for easy transition from winter to summer living. Lake Tippecanoe is Indiana's deepest natural all-sports lake providing over 1100 acres of water.

3586 E Forest Glen Ave, Leesburg

Listing courtesy of Patrick Pfefferkorn from RE/MAX Results. Main: 574-269-3801

$279,969

2 Beds ⋅ 1 Baths ⋅ 202639415 MLS ⋅ 572 SqFt. ⋅ Joel Buzzard

Welcome to 105 EMS B5 Lane in Leesburg—an affordable channel-front gem on Kuhn Lake, part of the highly desirable Barbee Chain of Lakes! This charming 2-bedroom property offers 70 feet of channel frontage, providing direct access to boating, fishing, swimming, and everything the lake lifestyle has to offer. Inside, you will find a nice living area, great kitchen, 2 nice sized bedrooms, flexible one car attached garage and you’ll appreciate the newly remodeled bathroom offering added peace of mind. Whether you’re searching for a weekend retreat, summer getaway, investment property, or year-round home, this property delivers waterfront living at an attainable price. Bring your boat, invite your friends, and start making memories—channel-front living doesn’t get much better than this!

105 Ems B5 Ln, Leesburg

Listing courtesy of Joel Buzzard from Hoosier Real Estate Group. Off: 260-356-5505

$435,000

4 Beds ⋅ 3 Baths ⋅ 202637801 MLS ⋅ 3,590 SqFt. ⋅ Karla Shepherd

Welcome to Little Tippy living at its finest! This spacious 4 bedroom, 2.5 bath ranch home offers 3,590 square feet of living space, all thoughtfully designed on one convenient main level. With an abundance of room for everyday living and entertaining, this home combines comfort, functionality, and an unbeatable recreational setting. The heart of the home features generous living spaces centered around the kitchen and dining room with plenty of room to gather, relax, and make memories. A spacious finished loft provides additional flexible living space, perfect for a family room, game room, home office, hobby area, or whatever best fits your lifestyle. Step outside and enjoy everything this fantastic community has to offer. The lake is a quick ride or walk away, with a potential pier for fishing, boating, and all the fun that comes with lake life. When you're not enjoying the water, head out the back door to take advantage of the community tennis courts, basketball court, pavilion, and more. Whether you're looking for a full time residence, a spacious retreat, or a place where family and friends can gather and enjoy the outdoors, this property offers an exceptional combination of space, convenience, and recreation. Come experience the lifestyle and discover all this incredible Lake Side home has to offer!

30 Ems T6a Ln, Leesburg

Listing courtesy of Karla Shepherd from Coldwell Banker Real Estate Group. Cell: 574-527-7602

$339,900

4 Beds ⋅ 2 Baths ⋅ 202636324 MLS ⋅ 1,518 SqFt. ⋅ Tracy DeShone

Welcome home to this inviting 4-bedroom, 2-bath ranch nestled in a serene neighborhood in Kosciusko County. Designed for comfortable one level living, this home offers a practical layout with plenty of space for family, guests, or a home office. A standout feature is the impressive 3 stall heated garage, providing abundant room for vehicles, hobbies, storage, or a workshop. Enjoy the peace and privacy of a quiet neighborhood while being conveniently located near area amenities. This is a wonderful opportunity to own a spacious ranch home in a desirable Kosciusko County setting!

5405 N Sawgrass Ln, Leesburg

Listing courtesy of Tracy DeShone from RE/MAX Results. Cell: 574-361-4560

$245,000

2 Beds ⋅ 1 Baths ⋅ 202632282 MLS ⋅ 624 SqFt. ⋅ Toni Derry

Your perfect little lake getaway awaits! Tucked away on beautiful Sawmill Lake in the desirable Barbee Chain of Lakes, this charming seasonal bungalow is the perfect place to relax, unwind, and enjoy all that lake life has to offer. Sit back on the deck and take in peaceful views of the lake and the bay area leading to Grassy Creek. Hop in the boat and enjoy a scenic cruise through Grassy Creek, which connects you directly to beautiful Tippecanoe Lake and opens the door to even more boating adventures! Inside, you’ll find two bedrooms, a full bath, a comfortable living room, kitchen, and inviting enclosed porch—perfect for morning coffee, evening cocktails, or simply soaking up the view. Baseboard heat in one bedroom keeps things cozy on those cool evenings. Refrigerator, microwave and gas grill remain. Whether you’re looking for a weekend escape, a place to make summer memories, or your own little slice of lake life, this one is ready for you! And to make things a little easier, the pontoon is negotiable too!

24 Ems B40 Ln, Leesburg

Listing courtesy of Toni Derry from ERA Crossroads.

$214,900

2 Beds ⋅ 1 Baths ⋅ 202628037 MLS ⋅ 878 SqFt. ⋅ Ashley Moore

Buyer Financing Fell Through! Back on Market! Looking for an affordable lakefront retreat? Welcome to this updated, fully furnished 2-bedroom, 1-bath cottage offering 878 finished square feet and 57 feet of frontage on peaceful Shoe Lake. Recent updates include fresh paint, an updated kitchen, newer appliances, updated flooring, a newer roof, and a new pier, making this truly move-in ready. The spacious 19' x 12' four-seasons room showcases stunning lake views and is the perfect place to relax. Shoe Lake is a private, no-wake lake with no public access, offering exceptional fishing, boating, and a peaceful waterfront lifestyle. Whether you're looking for a weekend escape or a year-round home, this property has it all. Schedule your private tour today!

4910 E Shr Park Rd, Leesburg

Listing courtesy of Ashley Moore from ADT Realty. Cell: 260-444-1248

$219,000

2 Beds ⋅ 2 Baths ⋅ 202631439 MLS ⋅ 1,454 SqFt. ⋅ James Bausch

Your Cottage Retreat Awaits! Bring your vision and creativity to this charming cottage-style home and transform it into the lake getaway you've always imagined. Whether you're dreaming of a cozy weekend escape or a year-round home, this property offers the opportunity to design every space with your own personal style and finishes. Start your mornings with coffee on the deck, then spend the day enjoying what the Bell-Rohr community has to offer. Stroll to the neighborhood beach for a swim in the crystal-clear waters of 786-acre Tippecanoe Lake, one of Indiana's deepest natural lakes with depths reaching 122 feet. Spend your summers boating, skiing, tubing, or casting a line for bluegill, crappie, largemouth bass, northern pike, and more. There is lake access so you have your boat ready for endless days on the water! Inside, you'll find a spacious layout that's ready for a refresh. A fresh coat of paint and new flooring would make an immediate impact, or take the opportunity to redesign the interior into the home you've always envisioned. The generous kitchen offers abundant cabinetry, pantry storage, a center island with breakfast bar, and plenty of room to gather. The large living room is anchored by a beautiful stone gas fireplace, creating a warm and inviting space. The owner's suite features a walk-in closet, jetted tub, separate shower, and conveniently located laundry. A second bedroom provides comfortable accommodations for guests or a home office. Outside, a storage shed is ready to house your kayaks, paddleboards, fishing gear, and all your lake toys. If you've been searching for an affordable way to enjoy the Tippecanoe Lake lifestyle while creating a home that's uniquely yours, this is your chance.

139 Ems T32 Ln, Leesburg

Listing courtesy of James Bausch from RE/MAX Results. Cell: 574-742-4531

$464,000

4 Beds ⋅ 3 Baths ⋅ 202629413 MLS ⋅ 3,866 SqFt. ⋅ Deb Paton Showley

Welcome to 46 EMS T6A Lane, where spacious living and the sought-after Lake Tippecanoe lifestyle come together! Situated on over half an acre in Lakeside Development, this home offers the perfect combination of space, versatility, and access to the water. Enjoy lake access to James Lake, commonly known as Little Tippy, with connection to Lake Tippecanoe —opening the door to days spent boating, fishing, swimming, and making memories on one of Northern Indiana’s most popular lake systems. Inside, you’ll find a spacious and functional layout with multiple living areas designed for both everyday comfort and entertaining. The main level features a grand great room with vaulted ceilings and fireplace as well as , a dining area filled with natural light, a kitchen with all appliances, a dedicated spacious home office, a laundry area just off the garage, and a generously sized primary bedroom suite. The laundry area includes electric hookups, and the washer and dryer stay with the home for added convenience. The kitchen is a blank slate for you to update to just what you want! There is also a half bath on this level of the home. Upstairs, additional bedrooms provide plenty of room for family or guests, while the lower level offers even more possibilities with a large family room, Custom Finished theater room complete with screen, projector and other equipment, and bonus space ideal for a game room, playroom, or hobby area. A fireplace adds warmth and character, and the attached three-car garage provides ample space for vehicles, storage, and lake gear. Home is adjacent to the community park, with tennis courts and Pavilion free for use by residents.- short walk to community beach for lake access swimming, Kayaking or boating- -Garage has 40 amp outlet for EV charging. Whether you’re searching for a year-round residence or a home near the water, this property offers a fantastic opportunity to enjoy generous living space, a spacious lot, and the recreational lifestyle that makes the Lake Tippecanoe and Little Tippy area such a special place to call home. Pontoon boat with Honda engine included with this home (See Listing Agent for Details) Lakeside has amenities in it's tennis courts, playground, swimming beach and a pier space which are all available thru the association if you want to do some boating. It is a great neighborhood and a great place to call home! Year round residents or seasonal residents all welcome here!

46 Ems T6a Ln, Leesburg

Listing courtesy of Deb Paton Showley from Coldwell Banker Real Estate Group. Cell: 574-527-6022

$474,900

6 Beds ⋅ 3 Baths ⋅ 202630155 MLS ⋅ 4,728 SqFt. ⋅ Merillee Booren

Open House Saturday Aug 1st 3-5pm! Welcome to beautiful Sawgrass Estates! Near Lake Tippecanoe and so many others. Enjoy all this home has to offer, with vaulted ceilings, home office, large sun room/ 4 season room, primary suite and bath with separate tub and shower, and another bedroom and bathroom on the main, as well as the kitchen and pantry/ laundry area. There is an upstairs rec or play room, and a fully finished basement with family room, theater room with built-in speakers, two bedrooms with egress windows, and full bath. There is also a workshop and unfinished storage area featuring a sump pump and utilities, including a tankless water heater. Enjoy a brand-new roof and skylights, an in-ground dog fence, and an above-ground fenced area as well. 2022 furnace and whole-home humidifier and in-duct purifier. Central vac, radon mitigation system, and irrigation system, gas fireplace, solid wood doors and hickory cabinets. Such a great house with all the space you need!

5097 N Village Dr, Leesburg

Listing courtesy of Merillee Booren from H Team Dream Homes.

$375,000

3 Beds ⋅ 2 Baths ⋅ 202608016 MLS ⋅ 1,100 SqFt. ⋅ Geoff Cavender

Welcome to the Barbee Chain of Lakes! This great lakefront home sits on beautiful Sawmill Lake, one of the seven connected lakes in the chain. Sawmill offers calm water that is perfect for fishing, tying up with friends, and relaxing on the lake without heavy waves. When you want more action, take a short boat ride to Big Barbee Lake for tubing, surfing, skiing, and full lake-day fun. Inside, the home features two bedrooms on the main level, a full bathroom, and an open living room and kitchen layout that makes it easy to gather and entertain. The main level also features brand-new flooring throughout, a cozy fireplace, and an incredible sunroom where you can enjoy peaceful lake views and beautiful sunsets. Upstairs, you’ll find a large bonus room that works perfectly as the bunk room every lake home needs, along with a half bath for added convenience. One of the standout features of this property is the space. Sitting on just over a quarter acre, the home offers both a front and backyard, giving you plenty of room for entertaining, yard games, or relaxing outdoors. The property also includes ample parking, a detached garage, and a storage shed for all your lake toys and gear. If you've been looking for a place on the Barbee Chain, this is your chance. Schedule your showing today and get moved in before lake season begins.

99 Ems B42 Ln, Leesburg

Listing courtesy of Geoff Cavender from eXp Realty, LLC. Cell: 574-527-1651

3586 E Forest Glen Ave Unit Lake Tippecanoe, Leesburg

$385,000

3 Beds ⋅ 2 Baths ⋅ 202619134 MLS ⋅ 1,152 SqFt. ⋅ Patrick Pfefferkorn

Lake Tippecanoe - First-time offering on this original family-owned condo located on the sandy shoreline of Forest Glen Ave. Add your personal touches on this wonderful 3 bedroom, 2 full bath ground floor unit and enjoy all the amenities of this maintenance-free lifestyle. Always in high demand as Tippy’s only lakefront condominium complex (Echo Springs) offering seasonal or year-round living…ideal for snowbirds looking for easy transition from winter to summer living. Very accommodating floor plan offering pool views from living room and direct access to poolside enclosed porch, spacious bedrooms with connecting baths, and open kitchen & dining area with bar seating. Enjoy summertime fun while swimming or sunbathing at the pool or at the end of the pier capturing grand views of the lake and beautiful sunsets. Take in all the watersports and lake activities as you navigate to and from your assigned boat slip. Conveniently located...within close proximity to the Tippecanoe Country Club & golf course and nearby shops & restaurants. Also, enjoy visiting the nearby hiking trails...an ideal setting for dog owners. Lake Tippecanoe is Indiana's deepest natural all-sports lake providing nearly 1200 acres of water.

3586 E Forest Glen Ave Unit Lake Tippecanoe, Leesburg

Listing courtesy of Patrick Pfefferkorn from RE/MAX Results. Main: 574-269-3801

$499,900

4 Beds ⋅ 2 Baths ⋅ 202621151 MLS ⋅ 1,512 SqFt. ⋅ Melody Cusick

Private Country Retreat on 4.8+ Acres with Pond. Escape to peace and privacy in this beautiful new home situated on over 4.8 acres of scenic countryside privacy This property features 4 bedrooms and 2 full baths, The modern kitchen comes fully equipped with all appliances, making it move-in ready from day one. A spacious 2-car garage provides convenience and additional storage. Step outside and enjoy the breathtaking views of your own private pond, perfect for relaxing mornings, fishing, or simply enjoying nature. Surrounded by a peaceful setting, this property offers the ideal blend of comfort, privacy, and country living. Highly private scenic acreage overlooking your private pond, tucked away on the 4.8 acres waiting for you to turn this house into your home.

3973 N State Road 13, Leesburg

Listing courtesy of Melody Cusick from Re/Max Partners.

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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 of 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. Some listings have been excluded from this website.