Penn Valley Homes under $500,000

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Newest Penn Valley Homes under $500,000

$425,000

3 Beds ⋅ 3 Baths ⋅ 1,654 SqFt. ⋅ 226131114 MLS

Built in 2002, this inviting three-bedroom, 2.5-bath home offers a thoughtful split-bedroom floorplan, with the primary suite on one side and two additional bedrooms on the other. Master bath with roomy stall shower, both full bathrooms having double sinks. The spacious living area features a vaulted ceiling and propane fireplace, flowing into an open kitchen with a breakfast bar perfect for everyday living and entertaining. An inside laundry room adds convenience, while the generously sized garage includes a full wall of cabinets for extra storage. Out back, enjoy a terraced yard with a fenced area that's ready for your four-legged friends. A comfortable home with room to spread out. Come see what makes it special!

Penn Valley

Listing courtesy of Coldwell Banker Grass Roots Realty.

$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..

$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.

$400,000

226111560 MLS

Fantastic opportunity to own and operate a piece of Nevada County History. The Tack Room Bar and Grill has been in operation since the mid 1950's. This favorite spot for locals for years. Great business famous for their great steaks and friendly bar. The Tack Room Bar is the only full bar in the Penn Valley area. The building is being sold separately please see MLS# 226111527.

17356 Penn Valley Drive, Penn Valley

Listing courtesy of Coldwell Banker Grass Roots Realty.

$400,000

3 Beds ⋅ 2 Baths ⋅ 2,143 SqFt. ⋅ 226114584 MLS

*SPECIAL AND REHAB FINANCING AVAILABLE* Tucked among the towering pines of Penn Valley, 10520 Oak Springs Road offers the privacy, space, and peaceful country setting that are getting harder to find. Surrounded by natural beauty and larger properties, this horse-friendly property offers plenty of room to enjoy the outdoors and make it your own. Inside, wood beams and a wood-burning fireplace bring warmth and character, while the breakfast area and bar create an inviting place to gather. Outside, you'll find a barn with two horse stalls, fencing, a gated entrance, RV parking potential, and a two-car garage, giving you plenty of flexibility for animals, recreational vehicles, hobbies, and more. With a private well and nearby NID irrigation opportunities, the property offers even more potential for those looking to embrace a country lifestyle. Whether your vision includes horses, gardening, outdoor projects, or simply having more room and privacy, this is an opportunity to create the Penn Valley lifestyle you've been looking for. Come experience the privacy, space, and relaxed lifestyle that make this Penn Valley property such a wonderful place to call home!

10520 Oak Springs Road, Penn Valley

Listing courtesy of Keller Williams Realty.

$465,000

4 Beds ⋅ 4 Baths ⋅ 3,511 SqFt. ⋅ 226073767 MLS

Tucked on 9.35 private acres just minutes from town, this versatile 3,511 sq. ft. property features two fully independent living spaces, 4 bedrooms, and 3.5 baths. The upper level showcases a stunning renovated kitchen with white shaker cabinets, stainless appliances, and a center island. The upper primary suite opens to a private deck. The lower level is fully self-contained with a separate entrance, and its own kitchen, opened to the living area anchored by a charming woodstove on a full brick hearth. Spacious bedrooms feature ceiling fans and dual-paned windows ideal for in-laws, guests, or possible rental income. Central HVAC throughout. Outside enjoy a fenced yard, detached garage, plenty of room for RV storage, livestock, shelters, garden or orchards. A rare foothills opportunity!

16153 Indian Springs Road, Penn Valley

Listing courtesy of Troy Davis Real Estate, Inc..

$455,000

3 Beds ⋅ 2 Baths ⋅ 1,230 SqFt. ⋅ 226097214 MLS

Welcome to this beautifully updated home where the major improvements have already been completed, allowing you to simply move in and enjoy. Thoughtfully remodeled over the past several years, this home features luxury vinyl plank flooring throughout, stunning quartz countertops, beautifully renovated bathrooms, stainless steel kitchen and laundry appliances, and a stylish fireplace that serves as the heart of the living space. Beyond the cosmetic updates, you'll appreciate the significant investments made in comfort and efficiency, including newer central air conditioning, a mini-split heat pump system, QuietCool whole house fan, EcoBee Smart Thermostat, whole house generator with transfer switch, fiber cement siding, finished garage with epoxy floors, and Ring security cameras. Conveniently located just minutes from Highway 20, this home offers an easy commute while enjoying the peaceful surroundings of Penn Valley. Historic Grass Valley and Nevada City are approximately 15 minutes away, Sacramento is about an hour's drive and Lake Tahoe is just 90 minutes away for year-round recreation. Quality updates, modern conveniences, and an excellent location make this home one you won't want to miss. Whether you're commuting, working remotely, or simply looking for a move-in ready home with exceptional upgrades, this property checks all the boxes.

19011 Siesta Drive, Penn Valley

Listing courtesy of Century 21 Cornerstone Realty.

$40,900

1 Beds ⋅ 1 Baths ⋅ 528 SqFt. ⋅ 226093029 MLS

Affordable homeownership in an ALL-AGES community! This charming 1 bedroom, 1 bathroom home offers peace of mind with a newly recoated and resealed roof and a brand-new energy-efficient mini-split HVAC system (installed June 2025). Inside, you'll find a bright, open layout with a spacious covered front porch, indoor laundry hookups, and a kitchen complete with a gas range and refrigerator. Conveniently located near the community clubhouse, greenbelt, nearby creek, and guest parking, this home combines comfort and convenience in a peaceful forest setting. With affordable space rent of just $875 per month, it's an excellent opportunity for a first-time buyer, downsizer, or anyone looking for a low-maintenance alternative to renting. Financing options are available for qualified buyers. Homes at this price point with major updates don't come along often! Schedule your showing today!

146 Lark Street, Penn Valley

Listing courtesy of Realty ONE Group Complete.

$300,000

2 Beds ⋅ 2 Baths ⋅ 1,352 SqFt. ⋅ 226057877 MLS

This home is situated on one of the larger lots with NO rear neighbors and PARKING GALORE! Interior has been tastefully updated and features an open concept Kitchen, Newer Flooring, Subway Tile on the hall bath, 2 mini-split HVAC for added energy efficiency and 4 zone comfort, updated lighting, new electrical pedestal and water filtration system and more. Large room off entry provides great flexibility... could double as an office, a nursery, art studio, bedroom or playroom...endless possibilities. Spacious indoor laundry with room for 2nd fridge and access to the exterior is a perk. Once outside, the detached oversized shop offers a getaway to work on a project- whether a car, metal/wood or for storage. You'll love the freshly landscaped back yard with dog run. Tons of parking is possible both in front and on the large side yard. Unique to this development is BOTH domestic AND irrigation water are paid and available. One owns the ground beneath ones home - unlike other communities! HOA includes all cost of water and sewer, road maintenance, with access to recreation area and clubhouse. Come explore the many benefits of 11266 Sierra Circle.

11266 Sierra Circle, Penn Valley

Listing courtesy of HomeSmart ICARE Realty.

$384,000

4 Beds ⋅ 2 Baths ⋅ 1,534 SqFt. ⋅ 226053204 MLS

Charming single-story home on a level lot in the heart of Penn Valley! Beautifully maintained, this 4-bedroom home features an inviting open floor plan, an updated kitchen with granite countertops, stainless steel appliances, and abundant cabinetry, along with an updated bathroom and warm laminate flooring throughout the main living areas. Enjoy a private covered back patio with room for a garden, outdoor entertaining, or simply relaxing. Assigned parking adds convenience, while shopping, restaurants, and everyday amenities are just a short walk away. Across the street, year-round Penn Valley Creek offers a charming area perfect for enjoying nature and peaceful afternoons. An ideal opportunity for first-time buyers, investors, or anyone seeking low-maintenance living in a convenient location.

17292 Penn Valley Drive, Penn Valley

Listing courtesy of Century 21 Cornerstone Realty.

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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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