Gray Homes under $500,000

Gray Homes under $500,000

Welcome to Gray, Tennessee – a hidden gem nestled in the heart of Washington County. This charming town offers a delightful blend of small-town warmth and modern conveniences, making it an ideal place for families, retirees, and everyone in between. With its picturesque landscapes, friendly community, and a range of local amenities, Gray is a place where you can truly feel at home.

One of the most appealing aspects of Gray is its affordability. In a real estate market where prices can soar, Gray stands out with a selection of beautiful homes available for under $500,000. Whether you’re searching for a cozy starter home, a spacious family residence, or a peaceful retreat, you’ll find a variety of options that cater to your needs and budget. From charming single-family homes with sprawling yards to contemporary townhouses, the choices are plentiful.

Living in Gray means enjoying the tranquility of suburban life while still being close to the vibrant cities of Johnson City and Kingsport. Residents have access to excellent schools, outdoor recreational activities, and a welcoming community spirit. The nearby Cherokee National Forest and Boone Lake provide endless opportunities for hiking, fishing, and exploring nature.

With its affordable housing market and a welcoming atmosphere, Gray, TN, is not just a place to live – it’s a place to thrive. Come discover your dream home in this enchanting town, where every day feels like a breath of fresh air. Embrace the opportunity to start your next chapter in Gray!

Newest Gray Homes under $500,000

315 Cedar Creek Road, Gray
$474,900
3 Beds ⋅ 2 Baths ⋅ 10001485 MLS
315 Cedar Creek Road--a fully renovated brick ranch on 0.91 acres in a convenient Gray location! Renovation is now complete! The new finishes bring a fresh, updated feel to a classic brick ranch. Step inside to find beautiful hardwood flooring and a bright, completely updated kitchen featuring white cabinetry, stone countertops, stainless steel appliances, a large peninsula with bar seating, and plenty of storage. The bathrooms have also been beautifully renovated, including a spacious tiled shower with glass doors. The main level offers an easy, functional layout with generous living and dining spaces, 3 bedrooms including the owners suite with connected bathroom AND laundry area, and an attached garage for everyday convenience. Downstairs adds an impressive amount of versatility. A large finished bonus/hobby area provides the perfect setup for a craft room, recreation space, home office, gym, or additional flex space. The oversized garage and workshop area offers abundant room for vehicles, lawn equipment, tools, storage, and projects--a feature that is increasingly difficult to find. Outside, enjoy the large covered front porch and nearly an acre of usable property with plenty of room to enjoy the outdoors. The home's location provides convenient access to Johnson City, Kingsport, Jonesborough, Boone Lake, the Appalachian Fairgrounds, shopping, dining, and more. Need more land? Additional adjoining acreage is available for purchase separately, creating an opportunity for buyers looking for even more space. With its full renovation, flexible basement space, oversized garage/workshop, and convenient Gray location, 315 Cedar Creek Road offers a combination of features you don't find every day.

315 Cedar Creek Road, Gray
22 Hiddenbrook Lane Unit 22, Gray
$279,900
2 Beds ⋅ 2 Baths ⋅ 10001182 MLS ⋅ Birdgewater Condo Ph 5 BLDG.
Welcome to 22 Hidden Brook Ln! This well-maintained one-level home offers comfortable and convenient living with 2 bedrooms, 2 full bathrooms, and a spacious two-car garage. The living room features beautiful hardwood flooring, adding warmth and character to the main living space. With everything you need all on one level, this home is an excellent option for anyone looking for easy, low-maintenance living. Conveniently located close to shopping, dining, medical facilities, and everyday amenities, you'll be just minutes from anything you need while still enjoying the comfort of a quiet neighborhood. The HOA takes care of the exterior maintenance, giving you more time to enjoy your home and less time worrying about upkeep. If you're looking for convenience, functionality, and low-maintenance living, 22 Hidden Brook Ln is one you'll want to see!

22 Hiddenbrook Lane Unit 22, Gray
111 H R King Road, Gray
$399,000
3 Beds ⋅ 2 Baths ⋅ 10001110 MLS
Main-level living, a fantastic location, and your own private backyard oasis! This well-maintained 3-bedroom, 2-bath home in Gray offers comfortable one-level living with updates throughout. The kitchen features brand-new granite countertops, while updated mechanicals include a new HVAC system (2022), new water heater, and new windows. Step outside to enjoy the fenced backyard, where you'll find a private pool with a recently redone deck, creating the perfect setting for relaxing, entertaining, and enjoying Tennessee summers. A storage shed provides additional space for lawn equipment, pool supplies, or hobbies. The home also offers a bonus room above the garage, providing flexible space that could easily serve as a playroom, home office, hobby room, workout space, or whatever fits your needs. With main-level living, valuable updates, outdoor entertaining space, and convenient access to Gray, Johnson City, and surrounding areas, this home offers a great combination of comfort, functionality, and location. Information taken from 3rd party sources, it is the buyer's responsibility to verify.

111 H R King Road, Gray
100 Fairway Drive, Gray
$350,000
3 Beds ⋅ 3 Baths ⋅ 10000870 MLS
Looking for space, views, and a location that puts you close to everything the Tri-Cities has to offer? This 3bedroom, bonus room and 2.5 bath home on a spacious corner lot in the heart of Gray checks every box. The primary bedroom is a true retreat, complete with an en suite bath and a walk in closet. Three additional bedrooms offer flexibility for family, guests, or a home office, and one even has its own en suite half bath. The kitchen is cozy and inviting, with dining space close by, perfect for everyday meals or entertaining. This home has been thoughtfully updated throughout. New flooring has been added in the kitchen and one of the bathrooms, and the hardwood floors have been freshly refinished. Every outlet has been replaced, along with door hinges and hardware, and most light fixtures. It's the kind of move-in-ready detail work that makes a real difference. Inside you'll also find a family room and large den, giving you plenty of room to spread out or gather everyone together. Two dedicated storage rooms inside the home keep things organized, and a storage shed out back offers even more space for tools, hobbies, or seasonal gear. The huge carport is a rare find and a real convenience for parking or extra covered storage. Step outside to a spacious flat yard with beautiful mountain views, the kind of setting that makes morning coffee on the porch feel like a mini vacation. Recent updates include new PEX water lines and a new HVAC system for peace of mind. Washington County's low taxes make this home even more appealing. The location can't be beat: situated right in the center of Gray, you're just minutes from Johnson City, Kingsport, and Bristol, with easy access wherever the Tri-Cities takes you. Homes like this in Gray don't sit long. Come see 100 Fairway Drive and picture yourself calling it home. Information from CRS and 3rd party sources. Buyer/Buyer's Agent to verify all information. All information herein deemed reliable but not guaranteed. Schedule showings thru ShowingTime or call listing agent.

100 Fairway Drive, Gray
124 Suncrest Street, Gray
$489,900
3 Beds ⋅ 2 Baths ⋅ 10000724 MLS
Welcome to 124 Suncrest St., a beautifully designed new construction home offering modern farmhouse style, thoughtful finishes, and plenty of room to grow. Located in Gray, this 3-bedroom, 2-bath home features an inviting open floor plan with vaulted ceilings, creating a spacious and airy feel throughout the main living areas. The kitchen and living spaces flow seamlessly together, making this home ideal for both everyday living and entertaining. Thoughtfully selected finishes include board-and-batten siding, luxury LVP flooring throughout the main level, and a beautifully tiled master shower. The full-size unfinished basement is heated and cooled and offers incredible potential for additional living space, a home gym, office, recreation room, or storage. A two-car garage provides convenient parking and additional storage. One of the standout features of this home is its convenient Gray location. Centrally positioned between Johnson City, Kingsport, and Bristol, you'll have easy access to shopping, dining, entertainment, schools, medical facilities, and everyday conveniences. The location also provides convenient access to major area employers, including Eastman Chemical Company and Ballad Health hospitals and medical facilities, making it an excellent choice for those who value an easy commute without sacrificing the convenience of being close to everything. With its modern farmhouse design, spacious layout, quality finishes, heated and cooled basement, and highly convenient location, 124 Suncrest St. offers the perfect combination of style, functionality, and opportunity to make this new construction home your own. All information taken from CRS/Seller. Buyer/Buyer's Agent to verify all information.

124 Suncrest Street, Gray
741 Gray Sta-Sul Springs Road, Gray
$399,900
3 Beds ⋅ 2 Baths ⋅ 10000369 MLS
MOVE-IN READY! Welcome to 741 Gray Station Sulphur Springs Road--a beautifully remodeled home offering more than 2,700 square feet of flexible living space on a level lot convenient to Gray & Jonesborough. Located in highly desired Ridgeview/Daniel Boone High school district. This 3-bedroom, 2-bath home pairs fresh, modern finishes with an inviting layout designed for everyday comfort. The renovated kitchen features abundant cabinetry, a large center island, sleek countertops, stainless steel appliances, and statement lighting. Updated bathrooms, refreshed flooring, and thoughtful details throughout create a move-in-ready feel. The primary bedroom is conveniently located on the main level, offering an accessible option for a variety of lifestyles. Downstairs, enjoy an expansive additional living area with a striking stone fireplace--ideal for gathering, entertaining, a media room, home office, or hobby space. Step outside to the new 12x12 deck overlooking the level yard, providing room to relax, play, garden, or host friends and family. With generous square footage & a total remodel, main-level primary suite, and a convenient location, this home is a standout opportunity. Don't miss this chance! Schedule your showing today!

741 Gray Sta-Sul Springs Road, Gray
10 Pepper Ridge Court Unit 10, Gray
$215,000
2 Beds ⋅ 3 Baths ⋅ 10000352 MLS
FIRST RIGHT OF REFUSAL IN PLACE... Beautifully updated townhome-style condo in the desirable Pepper Ridge community of North Johnson City! This move-in-ready home features 2 bedrooms, 1 full bath, and 2 half baths, with every bathroom recently updated. The refreshed kitchen offers stainless steel appliances, while fresh interior paint, real hardwood floors on the main level, and new carpet upstairs create a warm and inviting feel throughout. Enjoy spacious rooms, a private back deck, and a drive-under two-car garage with additional storage space. Conveniently located near shopping, dining, I-26, I-81, Tri-Cities Airport, and everything Johnson City has to offer. Low-maintenance living in an established community--schedule your showing today! Some info taken from 3rd party sources. Buyer should verify all information herein.

10 Pepper Ridge Court Unit 10, Gray
152 Gray Station Road Unit 4, Gray
$185,000
2 Beds ⋅ 2 Baths ⋅ 9999745 MLS ⋅ Tate Townhouses Owners Association BLDG.
Welcome home to this beautifully maintained END-UNIT condo, offering comfort, convenience, and plenty of space. Enjoy truly low-maintenance living with an HOA covers the ENTIRE exterior of the home, lawn care, water, sewer, and trash, allowing you to spend less time on upkeep and more time enjoying your home. It's an easy, worry-free lifestyle with many of the routine expenses and exterior responsibilities already taken care of. The inviting kitchen features GRANITE countertops and upgraded cabinetry, making it both stylish and functional. Upstairs, you'll find two OVERSIZED bedrooms with generous space for relaxing, working, or accommodating guests. Enjoy outdoor living from the private DECK, while the GARAGE and unfinished basement provide excellent storage and flexibility for future use. Ideally located just 5 minutes from Boone Lake and less than 10 minutes from Tri-Cities Airport, this home offers easy access to recreation, travel, shopping, and everyday conveniences. With its desirable end-unit location, thoughtful upgrades, and convenient setting, this condo is a great opportunity for low-maintenance living in the Tri-Cities area.

152 Gray Station Road Unit 4, Gray
96 Bridgewater Court, Gray
$425,000
3 Beds ⋅ 3 Baths ⋅ 9999645 MLS ⋅ Bridgewater Property Owners Association, Inc. BLDG.
Beautiful Stand-Alone Condo in Bridgewater Court! This spacious 3-bedroom, 3-bath condo offers 2,378 square feet of comfortable living space with the privacy and feel of a single-family home. The inviting brick exterior, well-maintained landscaping, attached 2-car garage, and charming covered entry create excellent curb appeal. Inside, you'll find a bright, welcoming layout with generously sized living spaces and plenty of natural light. The main-level primary suite and additional bedroom and bath provide convenient living, while the unfinished bonus room offers exceptional flexibility for a home office, media room, guest space, or additional living area. Even better, the bonus room is already plumbed for a bathroom and kitchen, creating exciting potential for a private guest suite or expanded living quarters. Located in the desirable Bridgewater Court community in Gray, this home combines space, versatility, and easy condo living in a convenient location. A rare opportunity to own a stand-alone condo with this much room and future potential! Come see the possiblities that await you at 96 Bridgewater Court!

96 Bridgewater Court, Gray
126 Joe Hale Drive, Gray
$270,000
3 Beds ⋅ 1 Baths ⋅ 9999220 MLS
BACK ON THE MARKET DUE TO NO FAULT OF THE SELLER! Don't miss this renewed opportunity priced below appraised value! Welcome home to this charming 3-bedroom, 1-bath brick ranch nestled in the desirable Boones Creek community! Combining timeless character with thoughtful updates, this home features beautifully refinished original hardwood floors that add warmth and charm throughout the living areas, while the kitchen and bath offer durable new luxury vinyl plank flooring for a fresh, modern touch. Enjoy outdoor living on the spacious back deck, perfect for relaxing, entertaining, or enjoying your morning coffee. Additional storage is plentiful with both a storage room conveniently located off the carport and a separate storage building, providing space for tools, lawn equipment, or hobbies. Recent improvements include new gutters, adding to the home's curb appeal and peace of mind. The attached carport offers covered parking and easy access to the home. Ideally situated in the heart of Boones Creek, this property provides quick and convenient access to both North Johnson City and Gray, making shopping, dining, schools, and everyday amenities just minutes away with NO CITY TAXES! Whether you're a first-time homebuyer, looking to downsize, or searching for an investment opportunity, this well-maintained home is ready for its next owner. Don't miss your chance to make it yours--schedule your showing today! All information deemed reliable but not guaranteed. Buyer and buyer's agent to verify all information, including square footage and any material facts. Property being sold as-is, where-is.

126 Joe Hale Drive, Gray
218 Cedar Creek Road Unit 2, Gray
$319,900
3 Beds ⋅ 3 Baths ⋅ 9998839 MLS ⋅ Stonebriar Condominiums BLDG.
Move-in ready and packed with desirable features, this beautifully maintained 3-bedroom, 2.5-bath condo offers the perfect blend of comfort, style, and functionality. The spacious floor plan includes a welcoming living room, an eat-in kitchen with granite countertops, tile backsplash, and plenty of cabinet space, plus a convenient laundry room on the main living level. Enjoy your morning coffee or unwind in the evening on the covered back porch overlooking the outdoors. Parking is a breeze with both a one-car attached garage and a one-car drive-under garage. What truly sets this home apart is that it's one of the few units in the community offering a basement--providing abundant storage space with endless possibilities for a workshop, hobby area, home gym, or future expansion. ***All information has been taken from tax records and should be verified by buyer and buyers agent. All information has been deemed reliable but not guaranteed. Buyer to verify schools, lot size, and square footage.****HOA fee is $95 a month and covers mowing and landscaping and roof.****

218 Cedar Creek Road Unit 2, Gray
310 Hugh Cox Road, Gray
$419,000
4 Beds ⋅ 2 Baths ⋅ 9998788 MLS
Step back in time in this one of a kind, 120 year old farmhouse. Enjoy the farm-like surroundings from your wrap around porch and still be minutes from Johnson City and Kingsport. Step inside and feel the charm of yester-year, but also know there have been several updates to improve the home. So many features, it is truly a must see to appreciate. You'll first see a double sided brick fireplace, an intricate antique mantel over the living room fireplace, and lots of the additional original woodwork that remains. There is currently bamboo flooring over the original hardwood floors on main level to preserve the original flooring. An updated kitchen features granite countertops and lots of cabinet space, and newer appliances, and oversized kitchen island There is an oversized laundry room off the kitchen, with plentiful storage space. Also downstairs is a large parlor/office area that could also be used as a 5th bedroom. You'll be pleasantly surprised when you get upstairs that the bedrooms are spacious with ample room for large furniture and allow abundant natural light from the windows. In the fenced in backyard, you will discover a spacious covered grilling area, large tree house play structure, picnic area and fire pit area. Washer and dryer are negotiable and both storage buildings convey!! This nostalgic home is centered on a .75, level corner lot, making it ultra convenient to all of Tri-Cities' most desired locations. Schedule your showing today! Listing agent is seller/owner.

310 Hugh Cox Road, Gray
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