Lorena Homes under $700,000

Lorena Homes under $700,000

Welcome to Lorena, Texas – a hidden gem nestled in the heart of Central Texas, just a stone's throw from the vibrant city of Waco. Known for its small-town charm and friendly community spirit, Lorena offers a perfect blend of tranquility and accessibility, making it an ideal place for families, retirees, and everyone in between.

One of the most appealing aspects of Lorena is its affordability in the real estate market. With a diverse selection of homes available for under $700,000, you can find your dream home without breaking the bank. Whether you're looking for a cozy cottage, a spacious family home, or a modern new build, Lorena has something to suit every taste and budget. Many properties boast beautiful yards, mature trees, and inviting outdoor spaces, perfect for enjoying the mild Texas climate.

In addition to its attractive housing options, Lorena is known for its excellent schools, making it a fantastic choice for families. The town is steeped in rich history and offers a variety of recreational activities, from local parks to community events that foster a strong sense of belonging.

With easy access to major highways, residents can enjoy the best of both worlds – the peacefulness of small-town living and the excitement of nearby urban amenities. Explore charming shops, delightful dining options, and cultural attractions just a short drive away.

Discover the allure of Lorena, where affordable homes and a warm community await you. Your dream home is just around the corner!

Newest Lorena Homes under $700,000

1585 E Central, Lorena
$249,000
3 Beds ⋅ 2 Baths ⋅ 625208 MLS
This Robinson/Chilton ISD home offers country living with room to spread out, all on just under an acre. The inside has been updated and is ready for its next owner to enjoy. - Officially a 3-bedroom, 2-bath home, with a converted garage that offers flexible extra space for a bedroom, game room, office, or extra room. - Both full bathrooms have been completely remodeled for a clean, fresh look. - The kitchen features new appliances and beautiful new quartz countertops. - New windows have been installed throughout the home, bringing in great natural light and added energy efficiency. - Updates also include fresh interior and exterior paint, new flooring, new ceiling fans, and a smart thermostat that can be controlled from an iPhone. - Enjoy a large living room for family time or entertaining, plus a well-kept front yard and a wooded back section that gives the property a true country feel.

1585 E Central, Lorena

Listing courtesy of My Castle Realty. Contact: 713-683-0054
5327 Old Lorena Rd, Lorena
$625,000
2 Beds ⋅ 1 Baths ⋅ 7144346 MLS
HIGH-VISIBILITY FM 2837 FRONTAGE ±4,549 VPD - Multiple Streams of Revenue Possible - Motivated Seller! Exceptional opportunity to acquire a fully operational pet boarding and grooming facility in the fast-growing area of Lorena, Texas, just 15 miles south of Waco! Excellent access to Interstate 35. The seller is offering the real estate independently, or for an additional cost, the established Brazos Valley Boarding Kennels (BVBK) business together with the property, creating a unique opportunity for owner-users, investors, or existing pet care operators looking to expand. Situated on a sprawling 3.48 acres, the property includes 30 indoor-outdoor kennels, 8 outdoor kennels, six fully fenced grass play yards, a welcoming reception area and kitchen, a groom room, a dog suite, and a storage building. The existing layout is designed for efficient daily operations while still offering room for future expansion or additional services. The property also includes a 2-bedroom, 1-bath residence with an open living area, full kitchen, separate utility room, and attached two-car garage. The home provides excellent flexibility for an owner-operator, on-site manager, employee housing, or potential rental income. There is central HVAC in the office and indoor-outdoor kennels, the remaining buildings and house have window units. The established boarding business benefits from a loyal customer base and future reservations already on the books, allowing a new owner to continue operations with minimal interruption. Properties like this are rare to find, combining commercial functionality, residential convenience, acreage, and a well-established business in one package. Schedule your private tour today and discover the possibilities at BVBK! Business financials available upon request.

5327 Old Lorena Rd, Lorena

Listing courtesy of Keller Williams - Lake Travis. Contact: (512) 884-1897
2303 Pilgrim Ln, Lorena
$465,000
3 Beds ⋅ 2 Baths ⋅ 5654408 MLS
Rare opportunity to own a truly unique property on 2 plus or minus breathtaking acres with private access to a creek and seasonal water overflow in the back—plus panoramic views you have to see to believe. Tucked away in a prime location, you’ll enjoy peaceful country living while being just five minutes from everyday conveniences. This three- bedroom, two-bath home has been completely rebuilt from the studs up, offering the character of an established setting with the confidence of brand-new construction. All major systems have been replaced, including wiring, HVAC, drywall, roofing, and more—providing modern efficiency and peace of mind. Inside, the open-concept kitchen, living, and dining area creates an inviting space ideal for gathering and entertaining. Beautiful finishes and meticulous attention to detail are evident throughout. The kitchen features abundant cabinetry, generous prep space, and a large pantry to keep everything organized. The primary suite is a true retreat, thoughtfully designed with a spa-inspired bath that includes a large walk-in shower, separate soaking tub, and an impressive closet with exceptional storage. Two additional bedrooms offer flexibility for family, guests, or a home office. Step outside and discover what truly sets this property apart. With over eight acres to roam, there’s ample room for animals, recreation, or simply enjoying the wide- open space. Access to the creek invites fishing, exploring, or peaceful evenings taking in the views. Whether you envision a small hobby farm, weekend gatherings under the stars, or quiet mornings overlooking the landscape, this property delivers. Country serenity, modern luxury, and unbeatable convenience—all in one remarkable setting.

2303 Pilgrim Ln, Lorena

Listing courtesy of The Agency Waco. Contact: (254) 300-4034
3205 Zabel Dr, Lorena
$344,900
3 Beds ⋅ 2 Baths ⋅ 2910634 MLS
Welcome to 3205 Zabel Drive, where modern style meets small-town charm in one of Lorena's most desirable communities. This beautifully maintained home offers an open-concept design filled with natural light, creating the perfect space for both everyday living and entertaining. The spacious kitchen is the heart of the home, featuring granite countertops, stainless steel appliances, abundant cabinetry, and a large island overlooking the living and dining areas. The private primary suite provides a relaxing retreat with a generous walk-in closet and an ensuite bath designed for comfort. Step outside to enjoy the fully fenced backyard with plenty of room for kids, pets, gardening, or weekend gatherings. Whether you're hosting friends or enjoying a quiet evening, this outdoor space is ready for your personal touch. Located within the highly regarded Lorena ISD, you'll enjoy the convenience of nearby shopping, dining, Baylor University, and quick access to both Waco and I-35 while still appreciating the peaceful feel of suburban living. Why You'll Love This Home: Open-concept floor plan ideal for entertaining Granite countertops and stainless-steel appliances Spacious primary suite with walk-in closet Installed outdoor lighting Large, fully fenced backyard Move-in ready with modern finishes Excellent location in sought-after Lorena ISD Easy commute to Waco, Baylor University, and I-35 If you've been considering new construction, be sure to compare this home first. You'll enjoy the benefits of a like-new home without the added expense of builder upgrades, landscaping, fencing, or the wait to move in. Schedule your private showing today and discover everything 3205 Zabel Drive has to offer!

3205 Zabel Dr, Lorena

Listing courtesy of ERA Experts. Contact: (512) 270-4765
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