Leonard Homes under $400,000

Welcome to Leonard, Texas—a charming small town that perfectly encapsulates the warmth and hospitality of rural America. Nestled in the heart of Fannin County, Leonard is a delightful destination for families, retirees, and anyone seeking a peaceful lifestyle while still enjoying easy access to larger urban amenities. With a population of just over 2,000 residents, this close-knit community boasts a rich history and a vibrant local culture.

One of the most appealing aspects of Leonard is its affordability. For homebuyers looking for value, there are numerous homes available for under $400,000, making it an ideal location for first-time buyers, growing families, or those looking to downsize. These properties often feature spacious yards, modern amenities, and the kind of character that makes a house feel like a home. Whether you’re seeking a cozy cottage or a larger family home, Leonard offers a diverse range of options to suit your needs and budget.

Beyond its attractive real estate market, Leonard is surrounded by beautiful landscapes, offering plenty of opportunities for outdoor activities such as fishing, hiking, and enjoying the serene Texas countryside. The town is also home to local parks, shops, and friendly eateries that enhance the community vibe.

With its affordable housing, welcoming atmosphere, and picturesque surroundings, Leonard, Texas, is more than just a place to live—it's a place to thrive. Come explore the possibilities that await you in this hidden gem of a town!

Newest Leonard Homes under $400,000

$270,000

3 Beds ⋅ 2 Baths ⋅ 21407619 MLS

Welcome home to this beautiful, nearly new 3-bedroom, 2-bath home in Leonard, TX! Built just two years ago, this well-maintained home offers 1,645 square feet of comfortable living space with a spacious open floor plan perfect for everyday living and entertaining. Beautiful wood-look tile flooring adds warmth and style throughout the home, while foam-encapsulated insulation provides excellent energy efficiency and year-round comfort. Step outside to enjoy the large backyard, offering plenty of room for entertaining, pets, or outdoor activities. An 8x10 Tuff Shed is also included, providing additional storage for tools, lawn equipment, and more. With modern finishes, energy-efficient construction, and a generous backyard, this move-in-ready home offers the perfect combination of comfort, style, and functionality. Don't miss your opportunity to own this beautiful home in Leonard!

305 W Houston St, Leonard

$359,900

3 Beds ⋅ 2 Baths ⋅ 21405628 MLS

Nestled in the heart of Leonard, TX, this delightful 3-bedroom, 2-bathroom residence offers a perfect blend of comfort and convenience . The property's prime location near the local high school and the new Elementry School ensures easy access to educational facilities and community amenities. A standout feature of this home is it's generously sized yard, adorned with majestic, mature trees that provide shade and tranquilit y. The detached 1-car garage includes a workshop space, catering to those with hobbies or creative pursuits. Meticulously cared for and presented in great condition, this property promises not just a house, but a welcoming home where cherished memories can be made.

300 E Short St, Leonard

$350,000

4 Beds ⋅ 3 Baths ⋅ 21376810 MLS

Four bedrooms, 2.5 bathrooms, 2 living areas, and a flex space for office, workout room, etc. on over 2.5 acres with storage building and an approximately 1200 sq ft shop. Home is currently rented on a month-to-month basis and shop is also producing monthly income through a month-to-month lease making this a great return on your investment. For homeowners, the tenants can vacate within 30 days of closing. The property is partially fenced with an open pasture and large back yard.

14050 S State Highway 78, Leonard

$310,000

3 Beds ⋅ 2 Baths ⋅ 21336792 MLS

Welcome to 1015 FM 981 in Leonard, Texas is a beautifully updated, move-in ready home nestled on just shy of 2 acres, with the perfect balance of open space and mature trees. Whether you're dreaming of a small homestead, room for farm animals, or simply more space to enjoy country living, this property offers the ideal setting. Inside, you'll find extensive updates that provide both style and peace of mind, including new roof with impact-resistant shingles, new Lennox HVAC system, new Hardie siding, continuous luxury LVP flooring throughout, new aerobic septic system (2025), new water heater, and so much more. The spacious eat-in chef's kitchen has been thoughtfully refreshed with new designer backsplash, stainless steel farmhouse sink, and new dishwasher (2025), creating a space that's as functional as it is beautiful. The inviting living room is anchored by a striking wood-burning stove, offering warmth and character for cozy evenings at home. The 4-car tandem garage gives you the space for farm equipment, man-cave, or additional storage. Additional updates include refreshed lighting and beautifully renovated bathrooms throughout. A versatile bonus game room or playroom provides flexible space for entertaining, a media room, home office, or play area. With modern upgrades already completed, acreage to enjoy, and a location that offers the best of peaceful country living while remaining conveniently accessible, 1015 FM 981 is truly turnkey and ready for its next owners. Come experience all this exceptional property has to offer!

1015 Fm 981, Leonard

$245,000

3 Beds ⋅ 2 Baths ⋅ 21358463 MLS

Welcome to this charming and beautifully updated home in the heart of Leonard! Originally built in the 1920s, this home blends timeless character with thoughtful updates. The property offers 3 bedrooms and two full bathrooms, providing functional living space and a cozy layout. Enjoy a welcoming floor plan, updated finishes, and the character you’d expect from a historic home, while benefiting from the conveniences of modern improvements. Located in an established neighborhood with easy access to local schools, shopping, dining, and community amenities, this home offers the perfect opportunity to enjoy small-town living with plenty of space to make it your own. Schedule a showing today, you will be glad you did!

407 E Bois D Arc St, Leonard

$225,000

3 Beds ⋅ 2 Baths ⋅ 21362750 MLS

Excellent updated home for first time buyers or for sizing down. Three bedrooms, one and one-half baths and two living and dining areas. New updates in 2023 include new luxury vinyl plank flooring, Frigidaire appliances- range, microwave and dishwasher, water heater and Carrier 16 SEER heat and air. Kitchen has Farm sink, disposal and breakfast bar. Paint includes exterior and interior of house and new baseboards. Concrete driveway in front was extended and a new 18x20 concrete patio was added in back. A large shaded yard with privacy fence, patio and storage building will make family fun and relaxation very enjoyable. NEW ROOF WAS INSTALLED IN MID FEBRUARY 2025. This home is located in a nice area, on a dead end street. Nice and quiet area.

511 N Tucker St, Leonard

$89,990

2 Beds ⋅ 1 Baths ⋅ 21354250 MLS

Cash buyers sold as-is. This single-family property presents a remarkable opportunity for investors, the existing structure requires comprehensive updates and repairs, serving as a blank canvas for a complete custom renovation or a modern flip.

107 W Travis St, Leonard

$179,500

3 Beds ⋅ 2 Baths ⋅ 21352041 MLS

Spacious 3-bedroom, 2-bath home offering approximately 1,824' & 1-car garage. Open, comfortable floor plan features an exceptionally large living area & spacious dining room with plenty of room for entertaining. The generously sized kitchen offers an abundance of cabinets, ample countertop space, a breakfast bar and an open connection to the surrounding living areas. All three bedrooms provide comfortable accommodations, while the covered patio creates a pleasant outdoor space for relaxing or gathering with friends & family. Home is ready for a buyer’s personal touches, including fresh paint, flooring and selected appliance updates. View the virtually staged AI photos to see just how easily this spacious property could become an adorable and inviting place to call home while already offering a spacious & functional layout with plenty of potential. Conveniently located near Leonard ISD campuses, local shopping, restaurants, parks, with easy access to US Highway 69 for travel toward McKinney, Plano, & greater N. TX area. Outdoor recreation, fishing, boating, camping, & trails at nearby Lake Bonham & Bonham State Park. Come explore the possibilities this Leonard property has to offer! Property subject to 3-Day Wait Period, seller will negotiate offers after the period expires-Monday, August 10, 26 - you can start submitting an offer after this date but not before. Cash offers require 10% EMD or $1,000 minimum, whichever is greater, all financed offers require 1% EMD or $1,000 minimum, whichever is greater. Seller does not accept blind offers, escalation clauses, LOI, or assignments. (which means ALL INVESTORS MUST VIEW THE PROPERTY WITH A LICENSED AGENT WHO MUST FOLLOW ALL SELLER INSTRUCTIONS), escalation clauses, LOI, or assignments. Buyers & their agent's responsibility to verify all info contained herein incl but not limited to condition, rm sizes, amenities, schools, acreage, flood plain information, foundation, roof, etc, & overall condition of the property.

502 E College St, Leonard

$323,000

3 Beds ⋅ 3 Baths ⋅ 21348497 MLS

Seller Concessions up to 4K...Welcome to the beautiful new build located on .30 of an acre within the small-town charm of Leonard TX. Built by a local builder within a subdivision with no HOA. The property has a rear access easement if needed. The interior features 9-foot-tall ceilings throughout the main areas and vaulted ceilings within the bedrooms, giving a spacious open feel. A combination of Luxury vinyl water resistant flooring in the living area and kitchen, tile in bathrooms, & carpet in the bedrooms and closets. The kitchen offers quartz countertops, a breakfast sitting area and plenty of recess & natural lighting. A large walk-in pantry, an overhead exhaust vent and stainless-steel appliances. As we make our way to the garage, we will find an oversized 8-foot-tall garage door tall enough for the big Texas Trucks. In the attic we will notice the entire house has been fully foam insulated including above the garage to save energy throughout the year. There are many upgrades to this home. Come check it out.

302 E Travis St, Leonard

$210,000

2 Beds ⋅ 2 Baths ⋅ 21335649 MLS

Modern farmhouse charm meets exceptional workspace in the heart of Leonard! Situated on a corner lot with mature shade trees, this beautifully updated 2-bedroom, 2-bath home offers approximately 1,262 square feet of thoughtfully designed living space paired with an impressive 100’ x 50’ (5,000± sq. ft.) workshop rarely found at this price point. Inside, you’ll find an open-concept layout featuring luxury vinyl flooring, custom built-in cabinetry, plantation shutters, decorative lighting, and a spacious living area centered around an oversized kitchen. The kitchen is designed for both everyday living and entertaining with quartz countertops, a large island, farmhouse sink, gas range, stainless steel appliances, abundant cabinetry, and a striking pot rack centerpiece. The primary suite features a walk-in closet and an updated ensuite bath, while the second bath showcases a stylish walk-in shower with modern finishes. A tankless water heater and high-speed internet availability add everyday convenience. Step outside to enjoy the covered front porch and private backyard shaded by mature trees, creating a peaceful setting between the home and the workshop. The commercial-sized workshop offers endless possibilities with expansive open space, oversized sliding doors, concrete flooring, loft storage, and multiple work areas. Whether you’re a contractor, woodworker, fabricator, collector, small business owner, or simply need room for RVs, boats, equipment, or hobbies, this building is ready to accommodate your vision. An added bonus is the private apartment with its own entrance, offering excellent flexibility for guests, extended family, a home office or potential rental income. A rare opportunity to own a true live-work property that combines updated residential comfort with unmatched workspace and versatility—all within easy reach of the growing North Texas corridor.

100 E Austin St, Leonard

$275,000

4 Beds ⋅ 4 Baths ⋅ 21336733 MLS

Expansive split-level ranch style home nestled on a massive three-city-lot property with beautiful mature live oaks—offering endless room for outdoor activities, gardening, or future expansion. Boasting a versatile layout with 4 bedrooms and 4 full bathrooms, this home is perfect for growing families or multi-generational living. Brand New Kitchen: Light, bright, and completely remodeled with spacious countertops and dual ovens. Includes two primary bedrooms with dedicated en suite bathrooms, one of the primary bedrooms is located on the second floor for ultimate privacy. Flexible Second Story: Features a massive bonus area ideal for a second living room, playroom, or home office. Recent Flooring (2022): Fresh, durable flooring installed throughout the main living areas. New Roof: Fully replaced in 2024. New Exterior Fascia & Soffits: Replaced in Fall 2025 for enhanced curb appeal and protection. Complete HVAC System: Both interior and exterior units fully replaced in 2022. Schedule your tour today! (Room measurements are not exact)

408 E Mulberry St, Leonard

$189,000

3 Beds ⋅ 2 Baths ⋅ 21321161 MLS

Bring your ideas and see the potential at 210 W Houston. Situated on a large double corner lot with mature shade trees, this 3-bedroom, 2-bath home is ready for renovation and a new vision. The interior needs cosmetic updating, including flooring, paint and kitchen improvements, but several major components have already been addressed—the roof, HVAC system and water heater are all less than five years old. The existing floor plan also offers an opportunity to rework the kitchen and living areas for a more open, modern layout. Outside, the oversized lot provides plenty of room to expand the possibilities, whether that's a workshop, additional outdoor space or potentially another structure, subject to applicable city requirements. With solid fundamentals, a generous lot and plenty of room for improvement, this is an opportunity for a buyer who would rather create value than pay for someone else's renovation. Offered as-is and priced with its current condition in mind.

210 W Houston St, Leonard

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Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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Leonard Homes under $400,000

Newest Leonard Homes under $400,000

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