Where to Find Luxury Estates for Under $500K

Have you ever dreamed of owning a beautiful home in an upscale community, but felt like it was too far out of your reach? Well, owning a luxury estate may be more feasible than you think!  Here are just a few cities in the U.S. that offer the exclusive luxury properties for under $500K.

Atlanta, Georgia

As you look at the real estate listings here, you'll find that $500,000 can get you a spacious 5- bedroom home in Brookhaven, one of the nation's earliest golf course communities. Located in Dekalb County, Brookhaven is just north of Buckhead, which is another upscale neighborhood that is known for its wealth and prestige.  You may find everything from traditional, colonial style brick homes to a large Georgian style estates that are priced under $500K in Buckhead.  Ansley Park is another affluent residential area that contains large estates - including Queen Anne styled properties, Craftsman bungalows, and even some rustic, but nevertheless, impressive Tudor styled homes. Homebuyers in Atlanta will quickly find this is one of the few areas in the U.S. that offers such opulence at such a low price.

Although Atlanta is mostly known for its old southern charm, it also offers characteristics of a modern day city. There are plenty of amenities its selection of golf courses, fine dining opportunities, and exquisite retail stores in Phipps Plaza located in the Buckhead district of Atlanta. Especially for first time homebuyers or homebuyers who are not familiar with the Atlanta metro area, it is recommended that you reach out to a local buyer's agent to guide you through the process of buying a home in Atlanta.

Boston, Massachusetts

For those who are conducting a property search in the New England area, you might want to consider some of the more affordable luxury estates in the Boston, Massachusetts area. There's nothing like the South End where dining and high-end luxuries are at your fingertips. You'll find that Boston is a cultural hub with some of the most exquisite museums. Whether you are into art, history, and/or culture, Boston has a superior collection of museums including the Institute of Contemporary Art, Isabella Gardner Museum, or John F. Kennedy Library and Museum, which sits on a ten acre park overlooking the bay.

Although it may be difficult for you to find a gigantic mansion in Boston for $500K, it is definitely possible to spot beautiful waterfront condo in this area at this price range. You can expect to find a wide selection of luxury condos with upgraded features such as marble countertops, hardwood floors, lavish stone fireplaces, and perhaps even vaulted ceilings in Boston, but you will have to make a compromise in regards to your home's square footage. A 1000-square foot condo here with 2-bedrooms and 1-bath will cost around $500K. Nevertheless, you will have the comfort of being right in the heart of the city!

Las Vegas, Nevada

If a desert oasis sparks your interest, you might want to do a property search in the Las Vegas area. You'll not only be nearby the world famous Las Vegas Strip - and every type of entertainment option you can think of, but you will also be near some of Nevada's and Arizona's natural beauties such as Lake Mead.

Many home buyers may place most of their focus the excitement along the Las Vegas strip, and overlook their options in surrounding areas. However, there are actually tons of options to choose outside of the Strip. A neighboring city worth considering is Henderson, Nevada. Just minutes away from Las Vegas, Henderson offers luxury estates in some of the most beautiful gated communities.  A large portion of these properties will be new construction homes that come with gourmet kitchens, spacious rooms and plenty of great views including home with views of Lake Las Vegas, mountain ranges or golf courses!

When it comes to doing a property search, your budget is a key factor. However, if you have the option of expanding your search for real estate listings around the country, you may find that you can get far more for your investment than you think.