Greenwood Homes under $500,000

Welcome to Greenwood, California – a hidden gem nestled in the heart of El Dorado County! Known for its breathtaking natural beauty and a tight-knit community, Greenwood offers a delightful blend of serene living and outdoor adventure. With the stunning Sierra Nevada mountains as a backdrop and the sparkling waters of nearby lakes, residents enjoy a lifestyle that embraces both tranquility and excitement.

Greenwood boasts a rich history and a warm, welcoming atmosphere. The charming town is dotted with quaint shops, local eateries, and community parks that provide the perfect setting for family gatherings and leisurely strolls. Whether you’re exploring the picturesque trails or enjoying a day by the lake, Greenwood is a haven for nature lovers and outdoor enthusiasts alike.

For homebuyers seeking affordability without sacrificing quality of life, Greenwood has an array of homes available for under $500,000. This is an excellent opportunity for first-time buyers, families, or anyone looking to invest in the thriving El Dorado County real estate market. From cozy cabins to charming single-family homes, you’ll find a variety of options that cater to diverse tastes and budgets.

With its beautiful surroundings, friendly community, and affordable housing, Greenwood truly embodies the essence of California living. Don’t miss your chance to discover this enchanting town and find your dream home in a place where nature and community thrive! Come and experience the magic of Greenwood – your new adventure awaits!

Newest Greenwood Homes under $500,000

$420,000

3 Beds ⋅ 2 Baths ⋅ 1,538 SqFt. ⋅ 226130125 MLS

Ask about how to buy down the rate! Discover the perfect blend of privacy, tranquility, and country living on 10 expansive acres in the scenic foothills of Greenwood. Tucked away at the end of a long, inviting driveway, this exceptional property offers a peaceful retreat surrounded by nature, with the space and versatility to create your ideal lifestyle. The 1,500-square-foot residence features 3 bedrooms and 2 bathrooms, offering comfortable living in a serene setting. Beyond the main home, an additional dwelling unit (ADU) provides flexibility for guests, extended family, or a private workspace. Embrace a lifestyle centered around relaxation and the outdoors with a dedicated garden, private sauna, and hot tub, creating your own personal wellness retreat. Whether enjoying quiet mornings surrounded by nature, cultivating your garden, or unwinding beneath the stars, every corner of this property invites you to slow down and enjoy the beauty of foothill living. With 10 acres of land, a secluded setting, and an array of desirable amenities, 3428 Black Ridge Road presents a rare opportunity to enjoy privacy, versatility, and the freedom of country living while remaining connected to the surrounding foothill communities. **Your private escape awaits.**

3428 Black Ridge Road, Greenwood

Listing courtesy of eXp Realty of California Inc..

$429,000

2 Beds ⋅ 2 Baths ⋅ 1,418 SqFt. ⋅ 226095575 MLS

Escape the noise and discover the peace of foothill living on this beautiful **2.81-acre private retreat** tucked among majestic oaks and dramatic granite outcroppings in the heart of Greenwood. This inviting **2-bedroom, 2-bath custom home** offers approximately **1,418 square feet** of comfortable living space with soaring wood-beamed ceilings, a warm wood-burning fireplace, and an open floor plan designed to bring the outdoors in. The private upstairs primary suite creates the perfect sanctuary, while the spacious living areas open to a large back deck where you can enjoy breathtaking sunsets, abundant wildlife, and the quiet beauty of the Sierra Foothills. An electric awning provides shade for relaxing or entertaining year-round. Outside, the property is ready for your country lifestyle. A large barn, fenced garden with raised beds, chicken coop, fenced pet area, and usable acreage offer endless possibilities for horses, hobby farming, gardening, or simply enjoying the space and privacy you've been searching for. A generator hookup provides added peace of mind. Perfectly positioned between Highway 50 and Interstate 80, you'll enjoy convenient access while still feeling worlds away. Explore nearby hiking and riding trails, the North Fork of the American River, world-class whitewater rafting, and all the outdoor recreation the Georgetown Divide is known for. Whether you're looking for a full-time residence, weekend escape, or peaceful homestead, **5271 Caprine Road** offers the rare combination of privacy, natural beauty, and rural charm that makes foothill living so special. Come experience the slower pace of life... where the stars shine brighter, the sunsets last longer, and home truly feels like a retreat.

5271 Caprine Road, Greenwood

Listing courtesy of Patti Smith Real Estate.

$409,900

3 Beds ⋅ 2 Baths ⋅ 1,630 SqFt. ⋅ 226082985 MLS

Looking for a place where privacy, adventure, and possibility come together? Welcome to your own hidden retreat tucked away at the end of the road in beautiful Greenwood. This 3-bedroom, 2-bath home sits on five peaceful acres surrounded by towering pines, offering the kind of privacy that's becoming harder and harder to find. It's not a polished subdivision homeand that's exactly what makes it special. This is a true diamond in the rough, waiting for someone with vision to make it shine. Nature lovers will appreciate being just minutes from the American River and the Cherokee Bar recreation area, with endless opportunities for kayaking, fishing, hiking, swimming, and exploring. Horse enthusiasts will love the nearby riding trails and the property's potential to become an ideal horse setup. Inside, you'll find a remodeled kitchen, energy-efficient triple-pane windows, and owned solar with battery backup for year-round comfort and lower utility costs. Recent improvements include a newer well pump, providing added peace of mind. Outside is where the possibilities really begin. A barn, chicken coop, woodshed, RV parking, and an additional outbuilding offering endless opportunities for hobbies, storage, workshop space, guest quarters, or future creative projects. With room for gardens, animals, and even the potential for an ADU, this property offers the flexibility to create the lifestyle you've been dreaming about. Enjoy breathtaking sunsets from the back patio, complete seclusion, and the feeling of being worlds away while still remaining conveniently accessible. If you've been searching for a property with character, privacy, and unlimited potential, this hidden gem may be exactly what you've been waiting for.

1360 Loka Lane, Greenwood

Listing courtesy of eXp Realty of California, Inc..

$239,000

1 Beds ⋅ 1 Baths ⋅ 610 SqFt. ⋅ 226068991 MLS

**1381 Sliger Mine Road - Opportunity Awaits on Beautiful Usable Acreage Near the Tevis Trail** Nestled in the scenic foothills and located just minutes from the world-famous **Tevis Trail**, this property offers what is becoming increasingly difficult to find: **beautiful, highly usable land with endless potential**. Gently rolling terrain, mature trees, open spaces, and a peaceful rural setting create the perfect backdrop for a future homestead, mini-ranch, equestrian property, garden retreat, or recreational getaway. Horse enthusiasts, outdoor adventurers, and nature lovers will appreciate the proximity to miles of riding and hiking opportunities. The land is truly the highlight of this property, offering an abundance of usable ground for animals, equipment, gardens, or simply enjoying the privacy and beauty of the foothills. With room to expand and create your dream country lifestyle, the possibilities are endless. The existing home is a **major fixer-upper** and is being sold in its present condition. Significant repairs and improvements will be required, making this property best suited for experienced investors, contractors, or buyers looking for a complete renovation project. Due to the condition of the home, **cash offers only** will be considered. If you've been searching for a property with exceptional land, a desirable rural location, and easy access to the **Tevis Trail and outdoor recreation**, this could be the opportunity you've been waiting for. Bring your imagination, your vision, and your plans for the future. **Cash sale only. Property sold strictly as-is.** **Buyer to satisfy themselves regarding condition, improvements, and future use of the property.** You must have your buyers agent (realtor) present to show the property.

Greenwood

Listing courtesy of Patti Smith Real Estate.

$399,000

2 Beds ⋅ 2 Baths ⋅ 800 SqFt. ⋅ 226045953 MLS

Nestled on 6.28 acres, this property is all about the land. A seasonal pond, a barn, and an arena set the stage for a mini ranch or the dream home you've been planning. Multiple pastures are fenced and cross-fenced, with riding trails winding through the landscapeno need for trailing here. The quaint two-bedroom, two-bath house provides comfortable living while you build your future on this gorgeous property. Great location with easy commute access, and plenty of room to bring your animals and cultivate your ideas. It's an ideal spot for homesteading, offering versatility, charm, and a tranquil retreat where countryside living meets convenient.

2640 Hoboken Creek Road, Greenwood

Listing courtesy of Patti Smith Real Estate.

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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 .

Greenwood Homes under $500,000

Newest Greenwood Homes under $500,000

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