Watertown Homes under $500,000

Welcome to Watertown, Tennessee – a charming small town nestled in the heart of Wilson County. Known for its warm community spirit and picturesque landscapes, Watertown offers a peaceful retreat from the hustle and bustle of larger cities while still providing convenient access to urban amenities. With a rich history and a vibrant local culture, residents enjoy a tight-knit community atmosphere, complemented by friendly neighbors and local events that bring everyone together.

If you’re in the market for a home that combines affordability with charm, Watertown has a delightful selection of properties available for under $500,000. Whether you’re a first-time homebuyer, looking to downsize, or seeking a family-friendly environment, you’ll find a variety of options that cater to your needs. From cozy single-family homes with spacious yards to modern townhouses with contemporary designs, there’s something for everyone here.

Imagine sipping your morning coffee on a lovely porch, taking in the serene views of rolling hills and lush greenery. The homes in Watertown often feature beautiful architectural details, ample living space, and proximity to parks, schools, and shopping areas, making it an ideal place to call home.

Watertown’s welcoming community, combined with its affordable housing options, makes it a hidden gem in Tennessee. Explore the possibilities today, and discover why so many are choosing to make Watertown their home sweet home!

Newest Watertown Homes under $500,000

$199,900

2 Beds ⋅ 1 Baths ⋅ 3613301 MLS ⋅ ACTIVE Status ⋅ 1.84 Acres ⋅ 37184 Zip Code

Unlock major potential with this exceptional investment opportunity! Situated on its own parcel, this property features a 1,100+ sq. ft. 2-bedroom, 1-bathroom home ready for a total gut remodel, making it a dream blank canvas for experienced investors, flippers, or savvy buyers looking to build immediate equity. Also can combine this with other parcel. Other MLS # is 3613299

7291 Greenvale Rd, Watertown

$219,900

3 Beds ⋅ 2 Baths ⋅ 3598171 MLS ⋅ ACTIVE Status ⋅ 8.34 Acres ⋅ 37184 Zip Code

Check out this beautiful 8.3 acres, with an existing septic! old farmhouse currently on the property, that would require extensive rehab, or take advantage of the existing septic and utilities to build your dream home! additional barns on property for farm use if desired.

1570 Holmes Gap Rd, Watertown

$299,900

3 Beds ⋅ 1 Baths ⋅ 3319962 MLS ⋅ ACTIVE Status ⋅ 0.55 Acres ⋅ 37184 Zip Code

This well-maintained home features a durable metal roof, new appliances, and a detached 2-car garage. Inside you'll find new cabinets, fresh paint, and new flooring throughout. Situated on a large lot, this property offers plenty of space and privacy. A fantastic opportunity in Watertown!

4874 Sparta Pike, Watertown

$449,000

1 Beds ⋅ 1 Baths ⋅ 3319050 MLS ⋅ ACTIVE Status ⋅ 11.25 Acres ⋅ 37184 Zip Code

Welcome to your own private retreat! Tucked away at the end of a long, winding driveway, this beautifully updated barndominium sits on over 11 acres of secluded countryside, offering the perfect blend of privacy, comfort, and opportunity. Completely renovated in 2022, this home features approximately 1,400 square feet of thoughtfully designed living space with all new plumbing, electrical, fixtures, and modern finishes throughout. Currently configured as a spacious one-bedroom, one-bath home, the property is equipped with a three-bedroom septic system, providing an excellent opportunity for future expansion or an easy conversion to a three-bedroom layout to fit your needs. Built on a slab foundation, this low-maintenance home offers an open, inviting floor plan with stylish updates that make it move-in ready from day one. An attached heated and cooled garage provides the perfect space for a workshop, hobby area, additional storage, or year-round vehicle protection. If you’ve been searching for an outdoorsman’s paradise, this property delivers. Whether you enjoy hunting, hiking, riding ATVs, or simply soaking in the peace and quiet of nature, the 11+ acres provide endless possibilities. The long private drive creates a true sense of seclusion while still offering the convenience of modern living. Whether you’re looking for a full-time residence, weekend getaway, or investment with room to grow, this unique property offers privacy, flexibility, and exceptional value. Don’t miss your chance to own this one-of-a-kind country retreat.

2351 Linwood Rd, Watertown

$344,900

3 Beds ⋅ 2 Baths ⋅ 3247212 MLS ⋅ ACTIVE Status ⋅ 0.26 Acres ⋅ 37184 Zip Code

NEW PRICE + MOTIVATED SELLER! Don’t miss this opportunity to own a spacious one-level home at an even better value. Inside, you’ll find a bright, open floor plan with fresh neutral paint, hardwood flooring throughout the main living areas, vaulted ceilings, and tile in wet areas. The kitchen and baths feature custom soft-close wood cabinetry and granite countertops, while 9-foot ceilings and a well-designed layout make the home feel even larger than it appears from the outside. A generously sized laundry room leads to the oversized one-car garage, while the privacy-fenced backyard offers additional access and frontage along the rear alley. All appliances remain. Additional highlights include a slab foundation and brand-new HVAC system installed in 2026. Conveniently located near historic downtown Watertown, just 15 minutes to Lebanon and I-40 and approximately 37 minutes to Nashville International Airport. The property also qualifies for 100% USDA Rural Development financing for eligible buyers. With a new price and a motivated seller, now is a great time to take another look and bring an offer! Select photos have been virtually staged to illustrate how the spaces can be furnished.

131 Richland Ave, Watertown

Start Your Search

Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.