The Waters Homes under $500,000

The Waters Homes under $500,000

Welcome to The Waters, a picturesque subdivision nestled in the heart of Pike Road, Alabama. This vibrant community offers the perfect blend of serene living and modern conveniences, making it an ideal choice for families, retirees, and everyone in between. With its stunning natural surroundings, beautiful lakes, and thoughtfully designed homes, The Waters is not just a place to live; it's a lifestyle.

In this charming neighborhood, you’ll find a variety of homes priced under $500,000, ensuring that your dream home is within reach. Each residence showcases unique architectural styles, from classic Southern designs to contemporary layouts, all crafted with quality materials and attention to detail. Spacious interiors, open floor plans, and lush outdoor spaces provide the perfect setting for relaxation and entertaining.

The Waters is also renowned for its community amenities. Residents enjoy access to scenic walking trails, parks, and inviting lakes, perfect for fishing or kayaking on a sunny afternoon. The community fosters a friendly atmosphere, with regular events and activities that encourage neighborly connections and a sense of belonging.

Located just a short drive from downtown Montgomery, The Waters offers the tranquility of suburban living while keeping you close to shopping, dining, and entertainment options. With excellent schools and a welcoming community spirit, it’s no wonder that The Waters is a sought-after destination for homebuyers in Alabama.

Discover the charm of The Waters and find your perfect home today, where comfort meets community in a beautiful setting!

Newest The Waters Homes under $500,000

542 Lake Cameron Drive, Pike Road
$399,000
4 Beds ⋅ 3 Baths ⋅ 590890 MLS
Located on beautiful Lake Cameron Drive in The Waters, this 4-bedroom home offers a functional floor plan, generous outdoor living space, and several recent updates. Double front porches, a spacious back porch, and a large, fully fenced yard provide plenty of room to enjoy the outdoors. Inside, the primary bedroom is conveniently located on the first floor and features a planked ceiling that adds character to the space. New LVP flooring and carpet were installed on the first floor in 2026, and fresh interior paint throughout gives the home a clean, updated feel. The kitchen also features a new dishwasher installed in 2026, while the exterior was painted in 2021. Another standout feature is the spacious driveway, providing ample off-street parking, something that can be hard to find in The Waters. With four bedrooms, a downstairs primary suite, multiple porches, a large fenced yard, and recent updates already completed, 542 Lake Cameron Drive offers plenty of space both inside and out in one of Pike Road’s most distinctive neighborhoods. Come Make a Life of It at The Waters in Pike Road, AL! Enjoy resort-style living with world-class fishing, multiple lakes, swimming pools, tennis and pickleball courts, a lakeside beach, dog park, town square, fire pit, soccer field, Playborhood Hill, bocce ball, green space, pavilions, a sport court, gaga pit, kayaking, canoeing, playgrounds, parks, and the Trail to Education leading to the Pike Road Elementary school. Shop and dine at our Town Center businesses or take a short drive to Pike Road Shopping, Eastchase, and Chantilly. Just 2.5 miles off I-85, Exit 16, and zoned for Pike Road Schools (K4-12th grade). Make your dream vacation your everyday life!

542 Lake Cameron Drive, Pike Road

Listing courtesy of New Waters Realty LLC.

145 Hillbrook Drive, Pike Road
$469,000
4 Beds ⋅ 3 Baths ⋅ 590134 MLS
GOLF CART INCLUDED AT NO ADDITIONAL COST! LVP FLOORING THROUGHOUT—NO CARPET! Natural light and a warm, inviting atmosphere welcome you the moment you step inside this home in The Waters. Upgraded lighting and easy-care flooring make this move-in-ready home as comfortable as it is welcoming. The thoughtfully designed layout features three bedrooms, including the primary suite, on the main level, plus a private upstairs bedroom ideal for guests or a home office. The primary suite offers two walk-in closets and a freestanding soaking tub, while the kitchen features a chimney-style range hood and a spacious pantry with wood shelving. A screened back porch offers a relaxing spot for morning coffee or unwinding at the end of the day. Enjoy a short walk to Blue Heron Pool Club and its playground. The Waters offers two resort-style pools, beautiful lakes, tennis and pickleball courts, fishing, boating and kayaking, parks, playgrounds, and a dog park. The charming Town Square features a café, a restaurant, a hair salon, and more, adding everyday convenience to this exceptional community. Located in the Pike Road School System, this inviting home brings together everyday comfort and the exceptional lifestyle of The Waters.

145 Hillbrook Drive, Pike Road

Listing courtesy of Scott Koo Realty.

153 Hillbrook Drive, Pike Road
$469,000
3 Beds ⋅ 2 Baths ⋅ 589986 MLS
ASK ABOUT VA ASSUMABLE RATE OF 4.625%! Welcome to 153 Hillbrook Drive, a charming single-story home situated on a spacious corner lot in The Waters! Offering 3 bedrooms, 2 bathrooms, and 2,071 square feet, this home provides the ease and convenience of one-level living. Inside you'll find a comfortable and functional floor plan that features a spacious living room with a beautiful vaulted ceiling that adds to the open and airy feel of the home. All three bedrooms and both bathrooms are conveniently located on one level, with well-planned living spaces offering plenty of room for everyday living and entertaining. Outside, the large, fully fenced backyard is a standout feature, providing abundant space for outdoor entertaining, gardening, recreation, or simply enjoying the outdoors. Located in The Waters in Pike Road, 153 Hillbrook Drive combines more than 2,000 square feet of living space with a desirable single-story floor plan, vaulted living room ceiling, spacious corner lot, and large fenced yard—all within one of Pike Road's most distinctive communities. Come Make a Life of It at The Waters in Pike Road, AL! Enjoy resort-style living with world-class fishing, multiple lakes, swimming pools, tennis and pickleball courts, a lakeside beach, dog park, town square, fire pit, soccer field, Playborhood Hill, bocce ball, green space, pavilions, a sport court, gaga pit, kayaking, canoeing, playgrounds, parks, and the Trail to Education leading to the Pike Road Elementary school. Shop and dine at our Town Center businesses or take a short drive to Pike Road Shopping, Eastchase, and Chantilly. Just 2.5 miles off I-85, Exit 16, and zoned for Pike Road Schools (K4-12th grade). Make your dream vacation your everyday life! Seller reserves the right to approve buyer’s mortgage lender.

153 Hillbrook Drive, Pike Road

Listing courtesy of New Waters Realty LLC.

88 Bright Spot Street, Pike Road
$399,999
3 Beds ⋅ 2 Baths ⋅ 588196 MLS
Single story living in the heart of the Waters! The front porch has views of Lake Cameron (barely 200' away!). Covered ZERO entry from your carport and rear porch into the house. Open, well lit great room leading into a LARGE kitchen/breakfast/dining area. Beautiful crown moldings, tall windows, 2" faux wood blinds and warm oak hardwoods are found throughout the living areas of the home with carpet in the bedrooms. 2 guest bedrooms and a hall bath are located at the front of the home. The kitchen features a granite topped work island with double stainless sink, new electric range, microwave and dishwasher. There is LOTS of counter and cabinet space with under counter lighting. The private owners' suite is accessed through a private desk/office area at the rear of the home. Dual master closets, separate vanities, a soaking tub, private toilet enclosure and separate shower provide for an open and generous owners' suite bath. The utility room features cabinets and room for shelves and an additional refrigerator or freezer. You will love the FLEXIBILITY of this open plan. To the rear and side are a PRIVATE courtyard enclosed by a privacy fence. There is room for a generous sitting and garden space. Your carport and rear porch are fully covered and lead directly into the home with no steps. A separate storage building is at the rear. Energy efficient features include an attic with foam insulated roof deck, a new HVAC as of 2021 and a tankless water heater .Live just a few steps from the BEST that The Waters has to offer in its Town Center - park space, restaurant, coffee shop, gym, salon (2!), dental office and children's activity center. Take advantage of park spaces and amenities including the expansive Town Square with performance space, firepit, Pavilion, zero-entry pool, marina and mail center All within ONE BLOCK of your front door. Seller reserves right to approve Purchaser's lender.

88 Bright Spot Street, Pike Road

Listing courtesy of New Waters Realty LLC.

35 Bright Spot Street, Pike Road
$320,000
3 Beds ⋅ 3 Baths ⋅ 588137 MLS
Freshly painted you will fall in LOVE with this move in ready home located in The Waters. This home is just one block to the lake, pool, park & 2 blocks to the neighborhood shops and restaurants. This floor plan offers a large great room open to the kitchen, with quartz countertops and oversized long bar, gleaming solid wood floors throughout the downstairs, 10 ft+ ceilings, formal living/dining, wood floors in the master suite downstairs, large walk in closet, soaking tub, & separate shower. Upstairs offers 2 spacious guest rooms, and full bath. Side patio with courtyard. Covered front porch for lazy afternoons. Ac units are both less than 3 years old. Make your appointment today to see this wonderful property!

35 Bright Spot Street, Pike Road

Listing courtesy of First Call Realty of Montg.

47 CHAPEL HILL Street, Pike Road
$425,000
3 Beds ⋅ 3 Baths ⋅ 586315 MLS
Welcome to life in The Waters, where breathtaking views and thoughtful design come together in one of the community’s most desirable locations. Positioned on a corner lot at Chapel Hill and Mystic Moss, this beautifully maintained home offers stunning views of Lake Cameron and The Chapel from the private upper porch—an unforgettable setting for morning coffee or evening relaxation. Inside, you’ll find gracious living spaces filled with timeless architectural details, including hand-scraped hardwood floors, tall ceilings, rich moldings, and custom-finished cabinetry. The kitchen is designed for both everyday living and entertaining, featuring granite countertops, custom cabinetry, a butler’s pantry, and high-end appliances, including a built-in Sub-Zero refrigerator and dual-fuel range. The kitchen flows seamlessly into the living room, where abundant windows and a fireplace with custom mantle create a warm and inviting gathering space. An elegant dining room with wainscoting and detailed moldings offers the perfect space for hosting family and friends. Upstairs, the spacious owner’s suite is truly a retreat, highlighted by private porch access with scenic lake and chapel views. The en-suite bath features a tiled shower, double vanity, and generous storage, while two closets and an additional flex space provide exceptional functionality—ideal for a home office or expanded storage. Two additional guest bedrooms offer comfortable accommodations with ample closet space and share a hall bath. The fully renovated and expanded screened porch provides additional living space for year-round enjoyment and outdoor entertaining. Major systems have been thoughtfully maintained, including updated HVAC and water heater. Living at The Waters means amenities that include fishing and boating on Lake Cameron, multiple swimming pools, tennis and pickleball courts, parks, playgrounds, trails, and a vibrant Town Square.This home also offers access to Pike Road Schools.

47 CHAPEL HILL Street, Pike Road

Listing courtesy of Partners Realty.

182 Northlake Street, Pike Road
$499,000
4 Beds ⋅ 4 Baths ⋅ 583863 MLS
NEW PRICE UNDER $500K ON THIS CORNER LOT BEAUTY! Welcome to life at The Waters in the Town of Pike Road, where thoughtful design, flexible living spaces, and unmatched community amenities come together beautifully. Situated on a desirable corner lot, this former model home has been meticulously maintained and offers a floor plan that is both functional and inviting. Hardwood flooring flows throughout the main level, creating a warm and seamless foundation for everyday living. The home features three spacious bedrooms plus a generous loft that provides the perfect secondary living area, media space, or home office. The loft and one of the upstairs bedrooms both enjoy direct access to the upper front porch, creating a charming extension of the living space and a peaceful place to unwind while taking in the surrounding streetscape. The primary suite is privately tucked away, offering a true retreat complete with a large walk-in shower, freestanding soaking tub, and an elegant bath design that feels spa-inspired. Quartz countertops are featured throughout the home, elevating every space with timeless style and durability. Designed with convenience in mind, the drop zone includes additional shelving for effortless organization, while a large closet just off the laundry room provides exceptional storage. A rare and valuable addition is the separate studio apartment, ideal for guests, multigenerational living, or potential rental income. The apartment includes a small kitchen and a full bath, offering independence and flexibility without compromising comfort. Outside, the carport provides attached storage along with covered golf cart parking, perfectly suited for The Waters lifestyle. You’ll enjoy access to lakes for boating and fishing, resort-style pools, parks and green spaces, pickleball and tennis courts, and scenic trails—including golf cart access to Pike Road Elementary School. This is more than a home; it’s an opportunity to experience a sought after community.

182 Northlake Street, Pike Road

Listing courtesy of New Waters Realty LLC.

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