Prosper Homes under $400,000

Welcome to Prosper, Texas – a hidden gem nestled in the heart of Collin County, just a short drive from the bustling Dallas-Fort Worth metroplex. Known for its picturesque landscapes, friendly community, and top-rated schools, Prosper offers a unique blend of small-town charm and modern conveniences. With its rich history and vibrant local culture, this city is the perfect place for families, professionals, and retirees alike.

As you explore the real estate market in Prosper, you'll be delighted to discover an array of beautiful homes available for under $400,000. This price point opens the door to a variety of options, from cozy single-family homes to charming townhouses, all designed to meet the needs of today’s homeowners. Imagine living in a community where you can enjoy spacious backyards, inviting interiors, and modern amenities—all without breaking the bank!

Prosper is not just about affordability; it's also about lifestyle. Residents enjoy access to lush parks, scenic walking trails, and a vibrant downtown area filled with shops, restaurants, and entertainment options. The city hosts numerous community events throughout the year, fostering a strong sense of belonging among its residents. Plus, with easy access to major highways, commuting to nearby cities is a breeze.

If you're searching for a place that combines quality living with a welcoming atmosphere, look no further than Prosper, Texas. With homes under $400,000, your dream home is closer than you think! Embrace the opportunity to join this thriving community and experience all that Prosper has to offer.

Newest Prosper Homes under $400,000

$309,999

3 Beds ⋅ 2 Baths ⋅ 21385332 MLS

***NEW ROOF WITH 3-YEAR TRANSFERRABLE WARRANTY; BRAND NEW CARPET*** Beautiful open-concept home in prime Prosper location, conveniently close to shopping, dining, and entertainment. The spacious living room flows seamlessly into the kitchen and dining area, creating an ideal layout for entertaining. This thoughtfully designed split-bedroom floor plan features three generously sized bedrooms, each equipped with ceiling fans. The private primary suite is situated at the rear of the home and overlooks the backyard. The ensuite bathroom includes a garden tub, separate shower, dual sinks, and a large walk-in closet. The kitchen offers quartz countertops, updated appliances, fresh paint, and a large pantry. An abundance of windows throughout the home fills the space with natural light. The interior was painted three years ago in a neutral palette, providing a versatile backdrop for any décor style. Step outside to a spacious and private backyard with plenty of room for outdoor toys, a storage shed, or even a future pool. The oversized patio provides ample space for outdoor furniture and a grill, making it perfect for entertaining. Ideally located at a great n price point---schedule your showing today! *Refrigerator, washer and dryer are available for purchase*.

5530 Exeter Dr, Prosper

$396,000

4 Beds ⋅ 2 Baths ⋅ 21382389 MLS

Nestled in the heart of Prosper, this beautifully maintained single-story home showcases a striking brick and stone front elevation, offering curb appeal. Step inside to discover a bright, open-concept interior highlighted by a neutral color palette and generous natural light throughout. The thoughtful floor plan maximizes space and comfort, featuring hand-scraped engineered wood floors and high ceilings through the main living areas, plus versatile bedrooms with ceiling fans. Outside, the expansive backyard serves as a private oasis, fully enclosed by a wooden privacy fence and featuring a covered patio with a ceiling fan, perfect for outdoor relaxation and entertaining. This turn-key residence offers a prime location with convenient access to premier shopping, local dining, and highly acclaimed Prosper ISD schools. Buyer and buyer's agent to verify all information, including but not limited to measurements, schools, taxes, restrictions, and property condition.

1341 Palestine Dr, Prosper

$325,000

3 Beds ⋅ 2 Baths ⋅ 21369593 MLS

Welcome to 5551 Exeter Drive, a charming single-story home in Glenbrooke Estates! Offering 3 bedrooms, 2 bathrooms, and 1,554 square feet, this home features a comfortable and functional layout designed for everyday living. The kitchen opens to the main living area, creating an inviting space for gathering and entertaining. Generously sized bedrooms provide plenty of flexibility, while the private fenced backyard offers room to relax, play, or enjoy outdoor gatherings. Additional highlights include a new roof and a 2-car garage providing additional parking and storage. Conveniently located in Prosper with easy access to shopping, dining, schools, and major roadways. Come see all this home has to offer!

5551 Exeter Dr, Prosper

$385,000

4 Beds ⋅ 2 Baths ⋅ 21375055 MLS

LENDER OFFERING UP TO 2% LENDER CONCESSIONS! Welcome to this beautifully maintained 4-bedroom, 2-bath home in the desirable Glenbrooke community of Prosper, ideally situated on a canal with a huge, fenced backyard. Located next to the community pool, this home offers an exceptional blend of comfort, privacy, and convenience. The thoughtfully designed split-bedroom floor plan provides added privacy for family members, guests, or a home office. The formal living room features an adjoining dining area, while the spacious family room offers a cozy fireplace and additional breakfast or dining space. The kitchen is equipped with stainless steel appliances and opens to the main living areas, creating an inviting setting for everyday living and entertaining. The private primary suite serves as a relaxing retreat with dual sinks, a garden tub, separate shower, and spacious walk-in closet. Recent improvements include a new roof in 2024, new AC coil in 2026, condenser installed in 2019, new bedroom flooring in 2026, and new bathroom fixtures and units in 2026. Enjoy the expansive canal-facing backyard with view of the water fountain, perfect for relaxing, entertaining, or enjoying peaceful outdoor views. A two-car garage adds convenience and storage. Residents enjoy neighborhood amenities including a community pool and scenic walking trails. Conveniently located near PGA Frisco, Highway 380, The Star, and an abundance of shopping, dining, and entertainment, this home offers the ideal Prosper lifestyle in a fantastic location.

1010 Canterbury Dr, Prosper

$392,000

4 Beds ⋅ 3 Baths ⋅ 21359251 MLS

Welcome to 5460 Mustang Lane in Prosper, Texas! This beautifully designed home offers 4 bedrooms, 2.5 bathrooms, a 2-car garage, and 2,123 SF of comfortable living space. Step inside to a bright, open concept floor plan designed for both everyday living and entertaining. At the heart of the home, the beautifully open kitchen features quartz countertops, a large center island, stainless steel appliances, and a gas cooktop. The kitchen flows seamlessly into the main living areas, creating an open and welcoming atmosphere perfect for gatherings with family and friends. The primary suite offers a relaxing retreat, while three additional bedrooms provide flexibility for family, guests, or a home office. Step outside to the spacious backyard and enjoy your own outdoor retreat. The extended covered patio and plenty of backyard space creates the perfect setting for relaxing, outdoor dining, weekend gatherings, or entertaining family and friends. Located in the highly desirable city of Prosper! This home provides convenient access to shopping, dining, both DFW and DAL airports, major highways, and the Dallas tollway.

5460 Mustang Ln, Prosper

$300,000

5 Beds ⋅ 1 Baths ⋅ 21361152 MLS

Great opportunity to own an existing home on a large lot in the heart of downtown Prosper. This charming two-story home features 5 bedrooms and 1 bathroom and offers plenty of potential for renovation or redevelopment. Remodel the existing home or explore the possibility of building your dream home on this spacious lot. Ideally located near top-rated schools, shopping, dining, and major roads, this property offers both convenience and flexibility. The property is being sold as-is and features no HOA, no MUD and no PID, providing additional freedom and opportunity. Whether you're looking to renovate, build, or invest, this property offers endless possibilities in a highly desirable Prosper location. Walking distance to the best coffee shop in town!

303 E 5th St, Prosper

$384,900

3 Beds ⋅ 2 Baths ⋅ 21348605 MLS

Welcome to this charming 3-bedroom, 2-bath home ideally located in the heart of Prosper! Just minutes from Historic Downtown Prosper, you'll enjoy convenient access to local boutiques, restaurants, community events, and the small-town charm that has made Prosper one of North Texas' most desirable places to call home. Adding to the appeal of this location, the Town of Prosper's Downtown Master Plan is helping shape an exciting vision for the future of the historic downtown area, with an emphasis on creating a vibrant, walkable destination while preserving the character and sense of community that make Downtown Prosper so special. Imagine living just minutes from an area envisioned to continue evolving as a gathering place for dining, shopping, entertainment, community events, and everyday connection. With quick access to Preston Road, commuting and reaching shopping, dining, and entertainment throughout Prosper and North Texas is effortless. The home's functional floor plan offers comfortable living spaces ideal for first-time buyers, families, investors, or anyone looking to enjoy the Prosper lifestyle. Spend your evenings at nearby Parvin Park, where green space, walking trail, a playground, and outdoor recreation are just down the road. Whether you're searching for your primary residence or an investment opportunity, this home offers a compelling combination of location, convenience, community, and proximity to the exciting future vision for Downtown Prosper. Location matters—and this one puts you close to both the charm Prosper is known for today and the vision for its tomorrow. Call your favorite REALTOR® today to schedule a private showing!

108 E 5th St, Prosper

$350,000

2 Beds ⋅ 1 Baths ⋅ 21357419 MLS

Cute frame house with 2 bedrooms and 1 bath. Extra large WIC could be used as 3rd bedroom or office. Updated bath, fresh interior and exterior paint, new carpet and blinds, new kitchen countertop. Property is eligible for PD zoning allowing light business use. Deep, oversized 75' x 150' lot with partially fenced back yard. Property has desirable location on one of the main north-south streets in Old Prosper.

204 S Church St, Prosper

$394,900

4 Beds ⋅ 3 Baths ⋅ 21314044 MLS

Motivated Seller! Welcome to this fabulous 4-bedroom home in the desirable Glenbrooke Estates community of Prosper, TX! Thoughtfully designed with an open-concept floor plan, this home offers the perfect blend of comfort, functionality, and style. The first floor features a spacious primary suite along with a secondary bedroom, providing flexible living options for guests, a home office, or multigenerational living. Upon entry, you'll be greeted by soaring two-story ceilings and a versatile formal living or dining room that creates a grand first impression. The heart of the home is the expansive kitchen, complete with a large center island, breakfast bar, and abundant cabinetry, all overlooking the inviting family room with a cozy fireplace—ideal for entertaining or everyday living. Upstairs, enjoy endless entertainment with a spacious game room and dedicated media room that could also be a 5th bedroom, and 2 good sized additional bedrooms. The backyard features a covered patio with decorative concrete and TV hookup. Conveniently located near shopping, dining, and highly rated schools, this exceptional home offers everything you need in a prime location.

5611 Coventry Dr, Prosper

$399,900

3 Beds ⋅ 2 Baths ⋅ 21302899 MLS

Rare opportunity just one block from Downtown Prosper! This fully renovated single-story home sits on a hard-to-find double lot totaling approximately .28 acres in Bryant's First Addition. Featuring 3 bedrooms, 2 updated bathrooms, luxury vinyl plank flooring throughout, and a bright, functional layout, this home is move-in ready. The oversized backyard provides plenty of room for a future pool, outdoor living space, garden, or additional improvements. A powered 20' x 12' workshop with 110V service offers excellent space for storage, hobbies, or projects, plus dedicated RV parking adds even more flexibility. Originally built in 1965, the home has been thoughtfully updated while maintaining the character of this established Prosper neighborhood. Enjoy walkable access to Downtown Prosper, local dining, community events, and nearby amenities. BACK ON MARKET: Previous buyer attempted to obtain a commercial variance from the City. Property is being offered for residential use.

106 E 3rd St, Prosper

$199,000

21263354 MLS

Rare opportunity to own a corner lot in the heart of Prosper! Property features an existing vacant home built in 1925 situated on an approximately 50x140 lot (per survey). Value is in the land-ideal perhaps for new construction, custom home build, or investment opportunity. Prime corner location offers flexibility in design and access. No HOA. Surrounded by growth, new development, and established homes. Conveniently located near schools, shopping, and major roadways. Property being sold as-is.

509 E 3rd St, Prosper

$367,000

3 Beds ⋅ 2 Baths ⋅ 21238326 MLS

Welcome to 509 E First Street, a beautifully updated home nestled in the heart of historic downtown Prosper. This charming 3-bedroom, 2-bath residence offers approximately 1,336 square feet of thoughtfully designed living space, blending modern upgrades with small-town charm. Step inside to discover a bright, open layout featuring updated flooring, recessed lighting, modern fixtures, and stylish finishes throughout. The renovated kitchen boasts quartz countertops, stainless steel appliances, custom cabinetry, designer tile flooring, and open floating shelves, creating a clean and contemporary feel perfect for everyday living or entertaining. The spacious living areas provide flexibility for both relaxation and work-from-home functionality, ideal space for a home office, guest suite, or flex room. Outside, enjoy the expansive yard with plenty of room to entertain, garden, or expand. Additional highlights include a durable metal roof with solar panels that keep your Electrical bill at near zero ! . Solar panels are owned and NOT leased. fresh exterior paint except the trim, updated curb appeal, a large backyard deck area, mature trees. Located within highly sought-after Prosper ISD and just minutes to downtown Prosper shops, dining, and future redevelopment, this move-in-ready property offers a rare opportunity to own a stylishly renovated home in one of Prosper’s fastest-growing and most desirable areas. Don’t miss your chance to own this unique property in the heart of Prosper.

509 E 1st St, Prosper

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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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