Morgan Homes under $500,000

Welcome to Morgan, Texas – a hidden gem nestled in the heart of Bosque County! This charming city exudes a warm, small-town atmosphere while offering a plethora of amenities that make it an ideal place to call home. With its stunning natural landscapes, friendly community, and rich history, Morgan is perfect for those seeking a peaceful lifestyle without sacrificing convenience.

Morgan is situated near the picturesque shores of Lake Whitney, providing residents with ample opportunities for outdoor recreation. Whether you enjoy fishing, boating, or hiking, the surrounding nature offers something for everyone. The community is also known for its local events and festivals, fostering a strong sense of camaraderie among residents.

For homebuyers looking for affordability, Morgan boasts a variety of charming homes priced under $500,000. Here, you can find delightful properties that combine comfort and style, from cozy cottages to spacious family homes. With the cost of living significantly lower than in larger metropolitan areas, you can enjoy a high quality of life without breaking the bank.

Morgan’s real estate market is thriving, making it an excellent time to invest in your dream home. Whether you’re a first-time buyer or looking to downsize, the options available are sure to meet your needs. Embrace the tranquility and charm of Morgan, Texas, where your ideal home awaits amidst a welcoming community. Come explore this enchanting city and discover all that it has to offer!

Newest Morgan Homes under $500,000

$110,000

2 Beds ⋅ 1 Baths ⋅ 21413598 MLS

GREAT INVESTMENT OPPORTUNITY ON A SPACIOUS CORNER LOT IN MORGAN, TEXAS! Location, potential, and possibilities! Built in 1999, this 2-bedroom, 2-bath home sits on a generous 0.75-acre corner lot at FM 927 and Alexander Street in Morgan, Texas. Surrounded by mature trees, the property offers plenty of outdoor space and flexibility for a variety of potential uses. The desirable corner location provides road frontage on two sides, making this property especially appealing for investors, developers, or buyers looking for a property with room to expand. INVESTORS TAKE NOTICE! With the City of Morgan having approved RV parks, this property may offer exciting possibilities for future development, including potential RV spaces or other uses, subject to City approval, zoning, permitting, and applicable regulations. Whether you're looking for a primary residence, rental investment, or a property with future development potential, this large corner lot offers an opportunity to bring your vision to life. Don't miss your chance to explore the possibilities this unique Morgan property has to offer!

1105 Alexander, Morgan

$394,000

2 Beds ⋅ 2 Baths ⋅ 21411811 MLS

Located in the desirable Lakeside Village area at Lake Whitney, this beautiful lake house offers comfortable living, generous outdoor space, and an impressive list of recent updates. The open-concept living and kitchen area creates a welcoming gathering space with its vaulted ceilings, woodburning fireplace and abundance of windows, while the two spacious bedrooms are thoughtfully positioned on opposite sides of the home. Both bedrooms feature large baths and ample closet space. A lovely sunroom off the primary bedroom provides an additional space to relax and enjoy the surroundings. Recent interior updates include luxury vinyl plank flooring, fresh paint, a new range, freshly painted kitchen cabinets and new granite countertops. A bathroom remodel featuring a convenient walk-in shower and fresh paint. Home has two hot water heaters, sprinkler system and roof was replaced in 2019. The property also features an oversized 29'x34' garage with dedicated 21'x42' shop or RV area. The garage and shop have been thoughtfully upgraded with new LED lighting, heat and air conditioning, insulated garage doors, new garage door openers, painted shop flooring, and a barn door separating the garage from the shop. Outside enjoy an 18 foot above-ground pool and deck, a chicken house and run, and improved landscaping. Rotted cross-ties have been replaced with sturdy new post. The quiet lake community offers friendly neighbors and convenient access to Steele Creek Park, which offers camping and boat ramps. Home is walking distance to the lake and Lakeside boat ramp. With extensive updates, spacious living areas, exceptional storage and convenient proximity to Lake Whitney recreation, this property is an excellent opportunity for anyone looking for a comfortable lake home with room for boats, RVs, and entertaining.

113 County Road 1275, Morgan

$139,000

2 Beds ⋅ 2 Baths ⋅ 21411611 MLS

Desirable Lakeside Village area at Lake Whitney. 1984 Palm Harbor 2-bedroom 2 bath mobile home. Perfect for full-time residence or lake house. Large, covered country front porch with concrete floor and outdoor ceiling fan. Secluded backyard with shade trees, large concrete patio and covered patio. Home is beautifully remodeled with luxury vinyl plank flooring and accent wood walls in the living room. Kitchen is equipped with new refrigerator and electric stove. New countertops, food pantry, and lots of kitchen cabinets. Fresh paint inside and out. New Septic installed in January 2026. New Survey. This is such a gorgeous home and a great location. Just a few miles to Steele Creek Park with camping and boat ramp. Lakeside Village has a boat ramp as well. Come and enjoy the lake life.

244 County Road 1304, Morgan

$225,000

3 Beds ⋅ 2 Baths ⋅ 21409661 MLS

Tucked at the end of a private road on 5 beautiful acres, this property offers the rare combination of true seclusion and everyday convenience. A natural wooded buffer wraps the back and side of the lot, creating a peaceful, private setting you'll appreciate every day yet you're just a short drive from shopping, state parks, and all the recreation Lake Whitney has to offer. The home itself is ready for someone with vision. It needs some TLC, but that's the opportunity: put your own sweat equity in, update at your own pace, and build real equity in a property that already has the land, the location, and the privacy most people only dream of. A private well is already in place, adding to the self-sufficient country lifestyle. If you've been looking for acreage with character and potential not a cookie cutter subdivision lot this is it. Come see what a little work can turn into.

166 Private Rd, Morgan

$155,000

3 Beds ⋅ 2 Baths ⋅ 21390941 MLS

Brand new 2026 Champion Home. Never lived in and move-in ready! This 3 bedroom, 2 bathroom single wide sits on a concrete slab, which is uncommon for manufactured housing. FHA Loan Eligible. Certified as real property and permanently attached to the land. Inside you will find an open floor plan with brand new refrigerator and oven included, plus washer and dryer hookups. Central heat and air throughout. Outside features a 12x10 wood front porch deck with a built-in rolling deck gate, perfect for pets or little ones, a wood deck in the backyard, fenced yard, and concrete driveway. No HOA. The community offers boat ramp and lake access, making this an ideal full-time residence, weekend retreat, or investment property. Comes with a manufacturer warranty. Just 15 minutes from Whitney TX.

114 County Road 1423, Morgan

$215,000

2 Beds ⋅ 3 Baths ⋅ 21382357 MLS

Lake Whitney home offering space, versatility, and easy access to outdoor recreation. This 2-bedroom, 2-bath home sits on a double lot and features covered front and back porches, and an open private courtyard that provides a great setting for relaxing, entertaining, or enjoying time outdoors. The property also includes a workshop, additional storage, a cabana with a fish cleaning sink and covered parking. There is plenty of room to park a boat, RV, and other recreational vehicles, making this property a great fit for those who enjoy the lake and outdoors. An additional separate space, currently being used for storage, includes a half bath and can potentially be converted back into an ADU, guest space, home office, craft room etc. The community is surrounded by Corps of Engineers land, providing a peaceful setting with nearby trails and recreational opportunities. Lake Whitney is within walking distance, giving you convenient access to boating, fishing, hiking, and enjoying the outdoors. Whether you're looking for a weekend retreat, full-time residence, long-term rental, or short-term rental opportunity, this property offers a combination of usable land, outdoor living areas, storage, parking, and recreational convenience.

116 County Road 1424, Morgan

$333,000

3 Beds ⋅ 2 Baths ⋅ 21362837 MLS

Private Lake Whitney Retreat with Investment Potential Welcome to your own private retreat near Lake Whitney! Nestled on nearly two acres of peaceful, tree-filled land, this immaculate 3-bedroom, 2-bath home offers the perfect combination of comfortable living, privacy, natural beauty, and easy access to the lake. From the moment you arrive, the mature trees and spacious property create an immediate sense of peace and seclusion. Inside, an inviting open layout and expansive windows fill the living and kitchen areas with natural light while showcasing the spectacular views of the wooded backyard and canyon beyond. The cozy propane fireplace creates a warm gathering space, while the spacious back deck and included porch swing provide the perfect setting for morning coffee, entertaining friends, watching wildlife, or enjoying spectacular sunsets. The home features three bedrooms, two full bathrooms, beautiful flooring throughout the main living areas, and a comfortable, welcoming design. Best of all, the home is being offered fully furnished, allowing you to move in and start enjoying the lake lifestyle immediately. Outdoor enthusiasts will love the proximity to Lake Whitney, with a nearby neighborhood cove offering opportunities for kayaking, fishing, swimming, and relaxing by the water. Three kayaks are included with the property. Additional features include a detached two-car carport, storage shed, riding lawn mower, septic system, and plenty of parking with room for guests or an RV. Built in 2005 and situated on private acreage with no HOA, this property offers the perfect blend of peaceful country living and convenient access to Lake Whitney’s recreational opportunities. Whether you're looking for a full-time residence, weekend getaway, short-term rental, or income-producing investment, this versatile property offers plenty of possibilities. Come see this amazing hidden gem today!!!

106 County Road 1506, Morgan

$235,000

2 Beds ⋅ 2 Baths ⋅ 21348310 MLS

If you've been dreaming of a peaceful retreat near Lake Whitney with charm, character, and room to unwind, this adorable home is a must-see! Nestled among beautiful trees and lush landscaping on approximately 1 acres, this inviting 1,904-square-foot home offers 2 bedrooms, 2 bathrooms, and a layout designed for comfortable living and entertaining. Step inside to a warm and welcoming living room featuring a cozy fireplace, perfect for gathering with family and friends. The sunroom provides the ideal space to enjoy your morning coffee, read a book, or simply take in the peaceful views of the surrounding landscape year-round. Outside, the spacious covered front porch invites you to relax and enjoy the tranquil setting, while the expansive lot offers plenty of room for gardening, recreation, or simply appreciating the privacy and natural beauty of the property. A 2-car garage provides ample storage, and the additional covered parking is ideal for a boat, smaller RV, or other outdoor toys—making it easy to enjoy everything Lake Whitney has to offer. Whether you're looking for a full-time residence, a weekend getaway, or a vacation home near the lake, this charming property offers the perfect blend of comfort, character, and outdoor living on a beautifully 1.2-acre homesite.

274 County Road 1500, Morgan

$425,000

16 Beds ⋅ 12 Baths ⋅ 21347849 MLS

Rare investment opportunity in the heart of Morgan! Don't miss your chance to purchase one, two, or all three duplexes located at 905 Shepherd St., 907 Shepherd St., and 909 Shepherd St. Whether you're looking to expand your investment portfolio or begin your journey into multifamily ownership, this unique offering provides flexibility and outstanding income potential. Select units are currently leased. Conveniently located in the welcoming community of Morgan, these properties are just minutes from local schools, everyday conveniences, and the recreational attractions of Lake Whitney. This property can be sold individually or ALL together! Owner financing is available for qualified buyers, creating a unique opportunity to purchase investment property with flexible financing options. Contact the listing agent for additional details regarding owner financing terms and availability.

905-909 Shepherd St, Morgan

$142,000

6 Beds ⋅ 4 Baths ⋅ 21347800 MLS

Double the opportunity in the heart of Morgan! Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this duplex checks all the boxes. Offering a total of 2,580 square feet, each unit features 3 bedrooms and 1.5 bathrooms, providing spacious layouts designed for comfortable everyday living. Situated on a 0.144-acre lot, this property offers the convenience of small-town living with easy access to nearby schools, local amenities, and beautiful Lake Whitney recreation. With strong income-producing potential and versatile living options, this is an opportunity you won't want to miss. Whether you're a seasoned investor or just getting started, this Morgan duplex is ready for its next chapter. Schedule your showing today!

907 Shepherd St, Morgan

$129,900

4 Beds ⋅ 4 Baths ⋅ 21347830 MLS

Double the opportunity in the heart of Morgan! Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this duplex checks all the boxes. Offering a total of 1,888 square feet, each unit features 2 bedrooms and 1.5 bathrooms, providing spacious layouts designed for comfortable everyday living. Situated on a 0.1444-acre lot, this property offers the convenience of small-town living with easy access to nearby schools, local amenities, and beautiful Lake Whitney recreation. With strong income-producing potential and versatile living options, this is an opportunity you won't want to miss. Whether you're a seasoned investor or just getting started, this Morgan duplex is ready for its next chapter. Schedule your showing today!

909 Shepherd St, Morgan

$145,000

6 Beds ⋅ 4 Baths ⋅ 21347784 MLS

905 Shepherd St, Morgan

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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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Morgan Homes under $500,000

Newest Morgan Homes under $500,000

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