University Park Homes under $500,000

Welcome to University Park, Texas—a vibrant and charming community nestled within the heart of Dallas County. Known for its picturesque tree-lined streets, University Park offers a unique blend of suburban tranquility and urban convenience. This thriving city is home to a variety of amenities, including boutique shops, gourmet restaurants, and lush parks, making it an ideal place for families, young professionals, and retirees alike.

One of the standout features of University Park is its proximity to some of the best educational institutions in the state, including Southern Methodist University (SMU). This academic hub not only enriches the community with cultural events and activities but also fosters a lively atmosphere that appeals to residents of all ages.

For those seeking to call University Park home, the real estate market offers a variety of options, including charming homes priced under $500,000. These properties provide an excellent opportunity for first-time homebuyers or anyone looking to invest in this desirable area without breaking the bank. From quaint bungalows to modern townhomes, there’s something for everyone.

With its excellent schools, beautiful parks, and a strong sense of community, University Park is more than just a place to live—it's a place to thrive. Explore your options today and discover the perfect home in this enchanting city, where affordability meets quality living in one of Texas's most sought-after neighborhoods!

Newest University Park Homes under $500,000

$475,000

2 Beds ⋅ 2 Baths ⋅ 21394322 MLS

Ideally situated in the heart of University Park within HPISD, this beautifully updated second-floor condominium presents an exceptional opportunity for investors or those seeking a low-maintenance, lock-and-leave residence in one of the Park Cities’ most convenient locations. Directly across from SMU’s Law School and Science Quad and just blocks from the dining, shopping, grocery and neighborhood favorites of Snider Plaza, the property offers an incredibly walkable setting with strong long-term appeal. Located within an intimate five-unit community, the residence is filled with natural light and features engineered hardwood floors, updated windows, a welcoming fireplace and comfortable living and dining spaces. The updated kitchen offers solid-surface countertops, stainless steel appliances, refrigerator and microwave, with an easy flow into the adjoining living areas. The spacious primary bedroom includes two walk-in closets, while a full-size utility room with washer and dryer adds a convenience rarely found in condominium living. One reserved parking space is included along with additional guest parking. With SMU directly across the street and parks, restaurants, shopping and everyday conveniences all nearby, the location is particularly compelling for buyers seeking an investment property in a consistently desirable area. Whether purchased as a rental, Dallas pied-à-terre or primary residence, this charming condominium offers an outstanding combination of location, accessibility and easy lock-and-leave living in University Park.

3212 Daniel Ave Unit D, University Park

3407 Binkley Ave Unit D, University Park

$435,000

1 Beds ⋅ 2 Baths ⋅ 21385013 MLS

Adjacent to SMU and zoned for Highland Park School District! Ideally located in Highland Park, this inviting one-bedroom, 1.5-bath condo offers a spacious, flexible floor plan in an exceptional location. The living room is highlighted by soaring vaulted ceilings, charming built-ins and a wood-burning fireplace, creating a warm and cozy setting for everyday living and entertaining. French doors open to a private balcony, extending the living space outdoors. The updated kitchen features stainless steel appliances and natural stone countertops, with the refrigerator, washer and dryer included. Upstairs, the private bedroom suite features an ensuite bath, while an adjacent office provides valuable flexibility for working from home, guests or use as a second sleeping area. Two dedicated spaces in the underground parking garage add convenience, and the community pool offers a refreshing retreat during warmer months. With SMU immediately adjacent and the shopping, dining and amenities of Snider Plaza less than half a mile away, this property presents an appealing opportunity for an owner-occupant or investor. HOA dues include water, sewer and trash.

3407 Binkley Ave Unit D, University Park

3401 Binkley Ave Unit C, University Park

$460,000

1 Beds ⋅ 2 Baths ⋅ 21366326 MLS

Directly across from SMU in the heart of University Park, this updated split-level condo offers a walkable Park Cities location near Snider Plaza, restaurants, shopping and coffee shops. The 974-square-foot residence features a living room, kitchen and half bath on the main level, with a flexible den, primary bedroom and full bath upstairs. Both bathrooms have been completely renovated, highlighted by new vanities and an oversized walk-in shower with a frameless glass enclosure in the primary bath, while fresh interior paint carries throughout the home. A private patio provides additional outdoor living space, and two prime parking spaces add everyday convenience. Located within a gated community with a swimming pool, this University Park condo places SMU, Snider Plaza and some of the Park Cities’ most popular dining and shopping destinations within easy reach.

3401 Binkley Ave Unit C, University Park

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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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