Gravois Mills Homes under $500,000

Welcome to Gravois Mills, Missouri—a hidden gem nestled in the heart of the Ozarks, where picturesque landscapes meet a vibrant community spirit. Known for its serene lakes and lush surroundings, Gravois Mills offers a tranquil retreat for those seeking a peaceful lifestyle without sacrificing modern conveniences. With its close-knit atmosphere and friendly residents, this charming city is perfect for families, retirees, and anyone in search of a welcoming community.

One of the most appealing aspects of Gravois Mills is its diverse real estate market, particularly for homes under $500,000. This price range opens the door to a variety of beautiful properties, from cozy cabins to spacious family homes, all set against the backdrop of stunning natural beauty. Imagine waking up to the gentle sounds of nature, with the opportunity to enjoy outdoor activities such as fishing, hiking, and boating right at your doorstep.

In addition to its scenic allure, Gravois Mills boasts easy access to essential amenities, including shopping, dining, and recreational facilities. Whether you're looking for a weekend getaway or a permanent residence, the homes in this price range offer not just affordability, but also a chance to invest in a lifestyle filled with adventure and relaxation.

Discover the charm of Gravois Mills today, and let this enchanting city be the backdrop for your next chapter! With homes available under $500,000, your dream of lakeside living is closer than ever.

Newest Gravois Mills Homes under $500,000

$225,000

1 Beds ⋅ 1 Baths ⋅ 3590537 MLS

Wake up to a wonderful view of the lake from this charming single-family home at the five-mile marker of the Gravois Arm. At 724 square feet, it offers one bedroom and one bath, plus a built-in Murphy bed that lets the living space do double duty for guests. A carport with parking for four makes hosting easy, and the location is the real headline — you're steps from Lake Burger and Flip Flops, two of the area's favorite stops, and less than five minutes from Mermaid Cove, where the opportunity to lease or rent a boat slip is always within reach. Best of all, the home is being sold mostly furnished, so it's truly turnkey. Zoned and ready for nightly rentals, it's a natural fit for VRBO or Airbnb. Whether you're looking for your own lake getaway or a property with real income potential, opportunities like this don't sit long on the Gravois Arm. Call today to schedule your private showing.

29556 Hunter Road, Gravois Mills

Courtesy of RE/MAX Lifestyles 573-569-4388

18031 Blue Anchor Drive Unit 332, Gravois Mills

$395,000

3 Beds ⋅ 2 Baths ⋅ 3590178 MLS

INCREDIBLE! One word describes this TRULY AWESOME unit's VIEW and Complex Amenities! This Unit has Beautiful Cabinetry, Newer LVP & Carpet with Plenty of Storage! A Large Screened Deck is yours to enjoy the Amazing View! Located at the beginning of the Gravois Arm at Lake of the Ozarks, nestled in a quiet, deeper cove area that has easy access to restaurants, gas docks and the main channel. 2 swimming pools (1 chlorine, 1 saltwater) 2 dedicated swim platforms (1 with kayak launch), an exercise facility, fenced playground (with basketball & pickleball courts), and some of the best fishing at the lake will surely keep your family and guests entertained! Unit includes a 12 x 32 slip (w/dock locker) in a well lit and maintained dock equipped with features incl. water, electric, security cameras and fish cleaning stations. This complex is meticulously manicured and pet friendly! The boardwalk is great for evening strolls & enjoying the lake views! Friendly neighbors and events are just some of the reasons that make Blue Anchor Bay one of the most sought after condominium destinations at Wonderful Lake of the Ozarks! Located within Minutes of Fabulous Restaurants & Entertainment by Boat!

18031 Blue Anchor Drive Unit 332, Gravois Mills

Courtesy of E K G Realty LLC 636-751-4059

$375,000

3 Beds ⋅ 2 Baths ⋅ 3590325 MLS

Welcome to a truly unique property offering the ultimate blend of residential comfort and functional work space! Situated within an expansive 112' x 40' metal SHOP BUILDING is a new custom-built 3-bedroom, 2-bathroom BARNDOMINIUM-STYLE HOME offering 1,400 square feet of well-designed living area. Inside the home, you’ll find a comfortable, modern layout perfect for daily living or possibly office space. The surrounding shop space provides an additional 3,135 square feet under the same roof. Perfect for heavy equipment, vehicles, boats, or a HOME BASED BUSINESS, this versatile property offers security, low-maintenance durability, and endless possibilities—all tucked neatly inside one impressive structure. Located Near Laurie at the Lake of the Ozarks. Be sure to watch the virtual tour!

33035 Green Hills Road, Gravois Mills

Courtesy of Keller Williams L.O. Realty (573) 348-9898

$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

$425,000

2 Beds ⋅ 1 Baths ⋅ 3590436 MLS

What a special find in this original lake front cabin! The property has a large oversized 3 car garage/workshop on the second-tier lot that is included with purchase. The home has been impeccably maintained. The kitchen is open and has an oversized laundry room. Master bedroom has a large walk-in closet that connects to the bath. Location is everything and you have it. Enjoy cove life, swimming, fishing and a fantastic view! The Trex deck is perfect for entertaining and faces southeast for nice afternoon gatherings. Extra parking for guest. If you're in the market for an investment rental property this would be a great start.

31247 Gaslight Rd, Gravois Mills

Courtesy of ReeceNichols of the Lake LLC (573) 207-8989

$389,000

2 Beds ⋅ 1 Baths ⋅ 3590330 MLS

Privacy, gentle lakefront living, and room to enjoy everything the Lake of the Ozarks has to offer—this charming 2-bedroom, 1-bath retreat checks all the boxes. Nestled on nearly an acre with over 125 feet of lake frontage, this property offers a rare combination of space, seclusion, and convenience just minutes from Laurie, restaurants, shopping, and local attractions. Inside, you'll find an updated home featuring beautiful hardwood floors, a warm interior, and a rustic covered lakeside patio that's perfect for grilling, entertaining, or relaxing with lake views. The new roof and updated septic system provide added peace of mind. The outdoor setting is what truly sets this property apart. The nearly flat lot offers an easy walk with hardly any steps to the one-well dock with hoist. A boat ramp shared by only five homes adds even more convenience. Two detached garages/shops provide plenty of space for vehicles, boats, lake toys, a workshop, or extra storage. Whether you're searching for a weekend escape, full-time residence, or the perfect Lake of the Ozarks retreat, opportunities like this are becoming increasingly difficult to find.

313 Sacred Cove Road, Gravois Mills

Courtesy of RE/MAX Lake of the Ozarks (573) 302-2300

18130 Millstone Cove Road Unit 407, Gravois Mills

$407,000

3 Beds ⋅ 2 Baths ⋅ 3590150 MLS

Welcome to lake life at Millstone Condos, perfectly located at the 7MM of the Lake of the Ozarks main channel! This fully furnished 3-bedroom, 2-bath ground-floor condo offers easy, walk-out access from your patio straight to the dock. The beautiful kitchen features granite countertops and brand-new stainless-steel appliances, while the screened-in patio with sun shades creates the perfect spot to relax and enjoy the lake lifestyle. A 12x32 boat slip with a 10,000-lb boat lift is included, along with a breakwater to help protect the docks. Millstone offers the convenience of full-time on-site maintenance staff, so you can spend less time worrying about upkeep and more time enjoying the lake. Located close to popular restaurants, entertainment, and all the fun the Lake of the Ozarks has to offer. Ready to enjoy—just bring your lake toys!

18130 Millstone Cove Road Unit 407, Gravois Mills

Courtesy of Weichert, Realtors® - Laurie Realty (573) 374-5400

32612 Broadview Heights Road, Gravois Mills

$499,900

3 Beds ⋅ 2 Baths ⋅ 3590097 MLS

Built for flip flops, tank tops, and endless Lake of the Ozarks fun! Breathtaking main channel views await at 32612 Broadview Heights Rd. Ready to enjoy features include 3 bedrooms plus a bonus nonconforming bunk room, 2 full bathrooms, 2 separate living rooms and a great location by water and land. This popular O Road location is near fantastic restaurants, boutique shopping, a movie theater and incredible Indian Rocks Golf Course. Enjoy easy lake access to local hotspots like Tap and Grill, Camden on the Lake, Frankie and Louie's, Shady Gators and more. Your ultimate lake retreat is here! Call your real estate professional today!

32612 Broadview Heights Road, Gravois Mills

Courtesy of Keller Williams L.O. Realty (573) 348-9898

$429,000

1 Beds ⋅ 1 Baths ⋅ 3590142 MLS

Escape to your own slice of Lake of the Ozarks paradise! Nestled into the hillside of a peaceful no-wake cove, this well-maintained log cabin is the perfect weekend getaway, fishing retreat, or relaxing lake escape. The current owners have made valuable improvements, including a new well and septic system, and the home is being offered nearly turn-key with just a few personal items excluded. Enjoy easy lake access with a large 3-well dock, perfectly positioned across the cove from a convenient gas dock and convenience store. Fishing enthusiasts will appreciate this cove, which has produced some impressive bass catches right near the dock! Don’t let the one-bedroom layout fool you—there’s plenty of room for guests! The property also includes a fifth-wheel camper that sleeps at least four, giving family and friends their own private accommodations. Whether you’re looking for a peaceful retreat, a place to make unforgettable lake memories, or your own fishing hideaway, this charming cabin checks all the boxes. Don’t miss your opportunity to own a little piece of paradise at the Lake!

30501 Buchanan Road, Gravois Mills

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

$364,900

3 Beds ⋅ 2 Baths ⋅ 3590183 MLS

Enjoy the golf community lifestyle without the HOA fees or restrictions! Built in 2019 and tucked away on a quiet cul-de-sac next to Hole 13 at Indian Rock Golf Course, this beautifully maintained home offers one-level living with a peaceful, private setting. The open floor plan features granite countertops, soft-close cabinetry, automatic closet lighting and a spacious primary suite with a coffered ceiling, walk-in closet, dual vanity and walk-in shower. Relax on the screened-in back patio overlooking the expansive wooded area beyond the fenced backyard—perfect for enjoying wildlife and quiet evenings. Additional features include an irrigated yard, attached 2-car garage and small backyard chicken coop. Golf-cart to Indian Rock for a round of golf, lunch or dinner at the clubhouse! Located in a beautiful, walkable and exceptionally well-kept neighborhood, this home combines convenience, privacy and golf-course living! Optional golf memberships are available. Individual w/ cart = $2,000 w/ 6 guest passes. Family w/ cart = $3,000 w/ 9 passes. PLUS 15% off food & ProShop.

110 Watson Circle, Gravois Mills

Courtesy of RE/MAX Lake of the Ozarks (573) 302-2300

18021 Blue Anchor Dr Unit 231, Gravois Mills

$450,000

3 Beds ⋅ 3 Baths ⋅ 26056766 MLS ⋅ Blue Anchor Bay Condos BLDG.

EXCEPTIONAL! One word describes this INCREDIBLE unit's VIEW & Updates! 14 x 40 SLIP! Beautiful Custom Cabinetry (incl. a Custom Murphy Bed & Desk), LVP, Some automated Blinds and Plenty of Storage! The HVAC has been upgraded and water filtration system has been added. A Large Tiled, Screened Deck is yours to enjoy the Lake Life! Located at the beginning of the Gravois Arm at Lake of the Ozarks, nestled in a quiet, deeper cove area that has easy access to restaurants, gas docks and the main channel. 2 swimming pools (1 fresh, 1 saltwater) 2 dedicated swim platforms (1 with kayak launch), an exercise facility, fenced playground (with basketball & pickleball courts), and some of the best fishing at the lake will surely keep your family and guests entertained! The well lit and maintained dock is equipped with features like water, electric, security cameras, ship/shore power and fish cleaning stations. This complex is meticulously manicured and pet friendly! The boardwalk is great for evening strolls and enjoying the lake views! Friendly neighbors and events are just some of the reasons that make Blue Anchor Bay one of the most sought after condominium destinations at Lake of the Ozarks! Located within Minutes of Restaurants & Entertainment by Boat! OPTIONAL GARAGE & PWC SLIP!

18021 Blue Anchor Dr Unit 231, Gravois Mills

Courtesy of EKG Realty, LLC 636-751-4059

18021 Blue Anchor Drive Unit 231, Gravois Mills

$450,000

3 Beds ⋅ 3 Baths ⋅ 3589751 MLS

EXCEPTIONAL! One word describes this INCREDIBLE unit's VIEW & Updates! 14 x 40 SLIP! Beautiful Custom Cabinetry (incl. a Custom Murphy Bed & Desk), LVP and Plenty of Storage! A Large Tiled, Screened Deck is yours to enjoy the Lake Life! Located at the beginning of the Gravois Arm at Lake of the Ozarks, nestled in a quiet, deeper cove area that has easy access to restaurants, gas docks and the main channel. 2 swimming pools (1 fresh, 1 saltwater) 2 dedicated swim platforms (1 with kayak launch), an exercise facility, fenced playground (with basketball & pickleball courts), and some of the best fishing at the lake will surely keep your family and guests entertained! The well lit and maintained dock is equipped with features like water, electric, security cameras, ship/shore power and fish cleaning stations. This complex is meticulously manicured and pet friendly! The boardwalk is great for evening strolls and enjoying the lake views! Friendly neighbors and events are just some of the reasons that make Blue Anchor Bay one of the most sought after condominium destinations at Lake of the Ozarks! Located within Minutes of Restaurants & Entertainment by Boat! OPTIONAL GARAGE & PWC SLIP!

18021 Blue Anchor Drive Unit 231, Gravois Mills

Courtesy of E K G Realty LLC 636-751-4059

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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