Gravois Mills Homes under $150,000

Welcome to Gravois Mills, Missouri – a hidden gem nestled in the heart of Morgan County! This charming town is perfectly situated near the breathtaking Lake of the Ozarks, making it a prime destination for nature lovers and outdoor enthusiasts. With its serene landscapes and friendly community, Gravois Mills offers a peaceful retreat while still being conveniently close to larger cities.

One of the most appealing aspects of Gravois Mills is the affordability of its real estate market. For homebuyers seeking their dream property without breaking the bank, there are numerous homes available for under $150,000. This makes Gravois Mills an attractive option for first-time buyers, retirees looking to downsize, or anyone wanting to invest in a cozy getaway near the lake.

Imagine waking up to the sound of chirping birds and the gentle rustle of leaves, all within a community that prides itself on its welcoming atmosphere. With a variety of homes available, from quaint cottages to charming bungalows, there’s something for everyone in this picturesque town.

In addition to affordable housing, Gravois Mills boasts a range of recreational activities. Whether you enjoy boating, fishing, or hiking, the nearby lake provides endless opportunities for adventure. Plus, with local shops and dining options just a stone’s throw away, you’ll find everything you need within easy reach.

Discover the charm of Gravois Mills – where affordable living meets a vibrant lifestyle! Your dream home awaits in this enchanting corner of Missouri.

Newest Gravois Mills Homes under $150,000

$89,500

3590463 MLS

outstanding O road location with good highway frontage and Big 60x30 foundation and concrete floor on site with brand new roof put on. Would make excellent storage building or could finish out to make a home

16604 Hwy O, Gravois Mills

Courtesy of RE/MAX at the Lake (573) 374-5206

$145,000

1 Beds ⋅ 2 Baths ⋅ 3588691 MLS

Looking for an affordable way to enjoy the Lake, here's your answer! Grounds are maintained by the HOA so very little maintenance for you, a 10x24 slip in a community dock with a lift, a wonderful screened porch on the lakeside with shade to enjoy it with a seasonal view! Open deck on the side and part of the lakeside to sit and relax and make your cares go away! The home has 1 non-conforming bedroom (no closet), 1.5 bathrooms, kitchen with stove & refrigerator. The living area is great for multiple sofa beds to accommodate family and guests! Space is well designed. Owners have a cubbyhole box for each person to put their "stuff" in and not have it cluttering the place! Their is a community area beyond the community dock for a quiet, safe place for kids and adults to swim or float and has a flat platform to relax in the sun. The roadside deck has a picnic table to enjoy meals or just visit. The lot across the road from the house is just vacant land to enjoy the view and quiet. Doesn't get much easier than this! Put this on your list to view at the lake! HOA does not allow any kind of rentals or VRBO.

29130 Sand Cedar Road, Gravois Mills

Courtesy of Platinum Realty of Missouri LLC 888-220-0988

29620 Oklaterre Rd Unit 211, Gravois Mills

$115,000

2 Beds ⋅ 2 Baths ⋅ 3586573 MLS

Wake up to beautiful lake sunrises at this turnkey retreat on the Gravois Arm at the 4-mile marker of Lake of the Ozarks. This renovated 2-bedroom, 2-bath home offers just over 1,000 square feet of comfortable lake living w/ modern upgrades, wonderful views, & easy access to your boat slip just a short walk away. Step inside to find LVP flooring throughout & a thoughtfully updated interior designed for easy maintenance & relaxed lake living. The kitchen features a newer gas stove & modern finishes, while the open layout provides a welcoming space for gathering with family & friends after a day on the water. A newer HVAC system provides year-round comfort, and smart home features—including a wireless thermostat and keyless entry—add convenience whether you’re arriving for the weekend or heading out on the lake. Outside, the newly rebuilt deck offers the perfect place to enjoy morning coffee while taking in peaceful lake views and stunning sunrises. With quick & easy access to your boat slip, getting out on the water is effortless. With modern renovations, incredible lake views, & a welcoming atmosphere, this turnkey property is the perfect weekend lake family getaway.

29620 Oklaterre Rd Unit 211, Gravois Mills

Courtesy of Nettwork Global, LLC (636) 614-5132

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Listing information is provided courtesy of the Broker Reciprocity/IDX of Bagnell Dam Association of REALTORS® and Lake of the Ozarks Board of REALTORS®, Inc. Multiple Listing Services. Copyright 2026 Multiple Listing Service, Inc. of Bagnell Dam Association of REALTORS® MLS, Inc. and Lake of the Ozarks Board of REALTORS® MLS, Inc. Information is being provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. 2026 Century 21 Community