Penn Valley Homes under $500,000

Welcome to Penn Valley, California—a hidden gem nestled in the heart of Nevada County. Known for its picturesque landscapes and serene atmosphere, Penn Valley offers a unique blend of small-town charm and natural beauty. Surrounded by the majestic Sierra Nevada foothills, this delightful community is perfect for those seeking a peaceful lifestyle without sacrificing access to urban amenities. With its friendly residents and vibrant local culture, Penn Valley is a place where neighbors become friends, and every day feels like a breath of fresh air.

For homebuyers looking for affordability in this stunning area, you're in luck! Penn Valley boasts a variety of charming homes priced under $500,000. Whether you are searching for a cozy cottage, a spacious family home, or a serene retreat, you’ll find an array of options that cater to diverse tastes and lifestyles. Many of these homes feature beautiful outdoor spaces, perfect for enjoying the region’s mild climate and breathtaking views.

Living in Penn Valley means embracing a lifestyle rich in outdoor activities, from hiking and biking to fishing and exploring nearby lakes. The community also hosts various local events and farmers' markets, allowing you to connect with neighbors and experience the vibrant local culture.

With its affordable housing options and an abundance of natural beauty, Penn Valley is not just a place to live—it's a place to thrive. Come and discover your dream home in this enchanting part of California!

Newest Penn Valley Homes under $500,000

$350,000

3 Beds ⋅ 2 Baths ⋅ 1,330 SqFt. ⋅ 226132555 MLS

Completely remodeled inside and move-in ready, this beautiful Lake Wildwood home offers fresh, modern finishes throughout, along with peaceful wooded surroundings, sunset views, and a seasonal creek. The bright, inviting interior features updated flooring, fresh finishes, and a beautifully remodeled kitchen with white shaker cabinetry, quartz countertops, stainless steel appliances, and a spacious breakfast bar opening to the living and dining areas. Both bathrooms have been stylishly remodeled, including one with a charming clawfoot soaking tub and another with a beautifully tiled shower and elegant gold fixtures. A covered front porch and multiple decks provide wonderful spaces to relax, entertain, and enjoy the natural setting. Just an easy walk to Explorer Beach, this home offers convenient access to Lake Wildwood's incredible amenities, including a private lake, beaches, boating, swimming, golf, tennis, pickleball, and dining. Complete with an attached two-car garage, this beautifully refreshed home combines the appeal of a remodeled interior with the relaxed lifestyle of Lake Wildwood.

11654 Buckeye Circle, Penn Valley

Listing courtesy of Re/Max Gold.

$345,000

2 Beds ⋅ 1 Baths ⋅ 994 SqFt. ⋅ 226132376 MLS

11968 Warbler Way is a single-level Penn Valley home with two bedrooms, one bathroom and over 800 square feet of living space. The layout wraps around a central patio. The main living room has a freestanding stove against a textured accent wall and opens toward the kitchen. A long counter runs beneath the kitchen window, with cabinet storage above and below. Both bedrooms have closets, and the bathroom includes a tub-shower combination. A laundry closet sits beside the kitchen. Outside, a paved driveway leads to the attached garage, with mature trees and rock-edged planting areas around the home. Included 100-Day Home Warranty with buyer activation

11968 Warbler Way, Penn Valley

Listing courtesy of Opendoor Brokerage Inc.

$397,000

3 Beds ⋅ 3 Baths ⋅ 1,769 SqFt. ⋅ 226132331 MLS

Welcome to this refreshed Lake Wildwood home featuring 3 bedrooms and 3 full baths across 1,769 sq ft of comfortable living space with the potential to create 4-5 bedrooms. Designed to live like a single level, the main floor offers the primary suite, guest bedroom, and spacious living areas, while the lower level provides flexible space ideal for multigenerational living, guest quarters, or a private home office. Updates include all new oak hardwood wide plank flooring and baseboards throughout, creating a bright and cohesive flow. Nestled in a peaceful, private setting, this clean and bright home is just minutes from Lake Wildwood's incredible amenities - enjoy boating, swimming, tennis, pickleball, 5 beautiful parks and the championship golf course. A large deck invites you to relax and take in the tranquil natural surroundings. Full of opportunity, this home blends comfort, versatility, and the best of foothill living in one of Nevada County's most beautifully maintained, amenity-rich gated communities.

18330 Hummingbird Drive, Penn Valley

Listing courtesy of Wesely & Associates.

$395,000

1 Beds ⋅ 1 Baths ⋅ 838 SqFt. ⋅ 226130041 MLS

Exceptional opportunity on 10 picturesque acres with tremendous upside potential. This 1-bedroom, 1-bath fixer home is situated on mostly flat to gently rolling land featuring a remarkable 120 GPM well when drilled, year-round creek, and 6.8 kW ground-mounted solar system. The property includes two barns, multiple outbuildings, and a chicken coop, offering excellent flexibility for hobby farming, livestock, storage, or future improvements. Nicely treed along the creek, creating a beautiful natural setting while maintaining usable open acreage. Located on a paved road and surrounded by high-end homes, this unique property offers an ideal blend of privacy, natural resources, and investment potential. Seller states they have gotten gold from the creek.

12239 Long Valley Road, Penn Valley

Listing courtesy of Advantage Real Estate.

$397,000

3 Beds ⋅ 2 Baths ⋅ 1,424 SqFt. ⋅ 226129526 MLS

Great Opportunity to own a Light Fixer in the foothills. New paint and some new flooring. Great opportunity for someone who likes a remote property on 2.5acs in a small charming community of Penn Valley. House is mostly shaded by mature tall trees. A chance to start your own farm or farmstead and grow your own food.

17918 Woodglen Lane, Penn Valley

Listing courtesy of Dylan Tran Broker.

$259,000

2 Beds ⋅ 1 Baths ⋅ 1,095 SqFt. ⋅ 226125188 MLS

Tucked toward the end of a private road, this 20-acre agriculturally zoned property offers room to dream, build, grow, and create something of your own. Surrounded by mature oak trees, the fenced acreage provides space for crops, livestock, agricultural ventures, or a private country retreat. A geodesic dome structure, ready for significant renovation or rebuilding, adds a unique starting point for someone with vision and a creative approach to rural living. Explore possibilities for a custom residence, investment opportunity, agricultural business, or agritourism venture. With agricultural zoning and expansive acreage, this property invites you to imagine a lifestyle or project shaped around your own goals. Bring your plans, your ideas, and your vision to Penn Valley.

17324 Derby Way, Penn Valley

Listing courtesy of S & J Property Management and Real Estate, Inc..

$459,900

2 Beds ⋅ 2 Baths ⋅ 1,496 SqFt. ⋅ 226126937 MLS

Discover one of the finest golf course values in Lake Wildwood! Perfectly situated on the picturesque 10th fairway, this beautifully updated single-story, 2 bedroom home offers stunning golf course views from the living room, dining room, family room, and kitchen, along with recent upgrades including quartz countertops, elegant tile flooring, a new HVAC system, soft-close cabinetry, and Samsung Bespoke appliance suite. Whether enjoying your morning coffee or hosting friends, the expansive deck offers a breathtaking backdrop of rolling fairways, majestic trees, and the serene beauty that makes this one of Lake Wildwood's most coveted locations. A newly sealed driveway leads to a detached two-car garage with abundant storage and a workshop, adding even more appeal. Ideally located near the main gate and clubhouse, this exceptional home is nestled within Lake Wildwood's gated community offering 24-hour security, championship golf, a private lake, clubhouse and restaurant, swimming pool, boating, fishing, and five beachside parks.

11799 Lake Wildwood Drive, Penn Valley

Listing courtesy of Absolute Realty.

$427,000

2 Beds ⋅ 2 Baths ⋅ 1,680 SqFt. ⋅ 226124651 MLS

Vacation Where You Live in Beautiful Lake Wildwood! Discover the charm and potential of this cozy home, conveniently located within walking distance of the lake. Enjoy the Lake Wildwood lifestyle with an abundance of amenities, including golf, pickleball, boating, bocce ball, and tennis. The home features generously sized rooms and exciting potential for future remodeling, allowing you to make it your own. With low-maintenance living and a fantastic location, this property is an ideal opportunity for a vacation getaway, full-time residence, or investment property. Don't miss your chance to enjoy all that Lake Wildwood has to offer!

13032 Thistle Loop, Penn Valley

Listing courtesy of NextHome Apex Realty.

$399,000

3 Beds ⋅ 2 Baths ⋅ 1,256 SqFt. ⋅ 226117396 MLS

Delightful and beautifully remodeled home in Lake Wildwood that offers a lovely sense of privacy and serenity! New interior paint and a great layout which brings in the natural light! Galley kitchen is very functional and has stainless appliances with easy access to the level huge back deck for outdoor entertaining! Single living all on the main floor and a delightful feeling of living in a 'treehouse'! 3rd bedroom used as a hobby room and the gentle back yard is waiting for your creativity! Huge oversized two car garage has multiple opportunities for workshop or loads of storage. This is a great first time home buyer property and ready to move in! This great community of Lake Wildwood has so much to offer for the active lifestyle, including 18 hole golf course, pickleball courts, beaches and the Lake! The gates allow for security and great shopping and dining the in Penn Valley area!

14307 Lodgepole Drive, Penn Valley

Listing courtesy of Century 21 Cornerstone Realty.

$400,000

2 Beds ⋅ 2 Baths ⋅ 1,624 SqFt. ⋅ 226109688 MLS

Lake Wildwood Living, Move-In Ready! This two-bedroom, two-bath home sits on an expansive corner lot just 500 feet from the beach at Explorer Park, with tall trees wrapping all around, so it feels surprisingly private. The sellers did the work: new paint throughout, new carpet, new light fixtures, and freshly painted kitchen cabinets, so you get to enjoy your life here right from move-in day. The living room opens to the dining area and the kitchen, and the layout flows easily between them. The central highlight is the sunroom: all windows on three sides, under a vaulted ceiling with two ceiling fans, with French doors out to the deck and the patio. Your mornings will start here and your evenings will probably end here, too. Retreat to either bedroom down the hall, away from the main living spaces. The Primary bedroom has its own bath with a tub and shower, and the second full bath has a walk-in shower. There's an inside laundry room with a door to the back patio. Outside, the deck is ready for morning coffee, dining al fresco and evening entertaining. And enjoy your nights under the stars with a hot tub on the patio. And just wait until Spring: the Dogwoods are glorious! On the practical side, leased solar and a whole-house fan give you the best in energy efficiency. And, an attached two car garage and extra storage shed give you all the space you need for your lake toys. And then there's Lake Wildwood itself, a gated community built around a private lake with five parks, four of them with sandy beaches and buoyed swim areas, plus a golf course, tennis and pickleball courts, a pool, and a clubhouse with dining. Use the address as a url for the video. Looking for a home for sale in Lake Wildwood, Penn Valley, CA 95946? This Nevada County home has 2 bedrooms and 2 bathrooms on a .41 acre corner lot 500 feet from Explorer Park beach, with a sunroom, a deck, a hot tub, new paint, new carpet, new light fixtures, an attached two-car garage, a storage shed, leased solar, and a whole house fan. A move-in-ready home inside a gated lake and golf community in the Sierra Nevada foothills, with beaches, a golf course, pickleball and tennis courts, a pool, and a clubhouse.

19651 Echo Blue Drive, Penn Valley

Listing courtesy of Century 21 Cornerstone Realty.

$499,950

3 Beds ⋅ 3 Baths ⋅ 2,424 SqFt. ⋅ 226121942 MLS

Amazing Lake View home in Lake Wildwood. So much upside potential. Awesome location at the end of a quiet cul-de-sac. Open floor plan on the main level features a formal living room, kitchen, 1/2 bath, outdoor deck area looking over the lake and the primary suite and bathroom. Downstairs is perfect for family or visiting guests with a family room, full bath. two additional bedrooms and outdoor deck area. All new carpet in the living areas. All section one repairs are complete. Just minutes to the golf course, clubhouse and lakeside parks.

11880 Goldfinch Court, Penn Valley

Listing courtesy of Coldwell Banker Grass Roots Realty.

$111,000

2 Beds ⋅ 2 Baths ⋅ 1,104 SqFt. ⋅ 226103487 MLS

Paradise awaits at this adorable creekfront retreat! Nestled in a quiet, peaceful neighborhood, this lovingly maintained home sits right on Squirrel Creek and features your very own private beach. Inside, you will find a spacious, open-concept living and dining area complete with new laminate flooring and numerous modern updates. The primary bedroom boasts an en suite bathroom, complemented by a versatile creative space currently used as a third bedroom, plus a separate dedicated office. A convenient laundry room includes the washer and dryer. Step outside to enjoy the local wildlife from your brand-new wrap-around deck, or utilize the handy outdoor storage shed. Complete with three-car parking and high-speed internet, this turnkey home offers the perfect blend of natural tranquility and everyday convenience, all within walking distance to local stores and restaurants. Enjoy Western Gateway Park and more in this desirable community. Affordable financing is available with only 5% down. Buyer responsible for Park approval, $2940 per month, total income requirement. Make an offer today, this beauty won't last!

321 Quail Lane, Penn Valley

Listing courtesy of Wesely & Associates.

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All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .

Penn Valley Homes under $500,000

Newest Penn Valley Homes under $500,000

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