Caraleigh Mills Homes under $500,000

Caraleigh Mills Homes under $500,000

Welcome to Caraleigh Mills, a hidden gem nestled in the heart of Raleigh, North Carolina! This charming subdivision seamlessly blends historic character with modern living, making it a perfect choice for families, young professionals, and anyone seeking a vibrant community atmosphere. Originally a textile mill, Caraleigh Mills has transformed into a unique residential enclave that celebrates its rich heritage while offering contemporary comforts.

One of the standout features of Caraleigh Mills is its appealing range of homes priced under $500,000. Here, you’ll find a variety of styles, from cozy townhomes to spacious single-family residences, all designed with modern aesthetics and functionality in mind. Whether you’re a first-time homebuyer or looking to downsize, Caraleigh Mills offers an array of options that cater to diverse lifestyles and budgets.

Residents enjoy the convenience of being just minutes away from downtown Raleigh, where eclectic dining, shopping, and entertainment await. The nearby parks and green spaces provide a perfect backdrop for outdoor activities, whether it’s a leisurely stroll or a weekend picnic with friends and family.

With its rich history, friendly neighbors, and affordability, Caraleigh Mills is more than just a place to live; it’s a community where you can truly feel at home. Discover the charm of this delightful subdivision and explore the homes under $500,000 that await you in this thriving Raleigh neighborhood. Your dream home is just around the corner!

Newest Caraleigh Mills Homes under $500,000

1616 Thompson St, Raleigh
$449,000
3 Beds ⋅ 2 Baths ⋅ 10198969 MLS ⋅ ACTIVE Status
LOCATION, LOCATION, LOCATION in the heart of Raleigh! Well maintained ranch bungalow just minutes from the NC Farmers Market and downtown Raleigh! Flat lot and NO HOA. Don't miss out on this one. Just around the corner from proposed Downtown South sports entertainment facility! A must see!

1616 Thompson St, Raleigh
149 Prospect Ave, Raleigh
$375,000
2 Baths ⋅ 10192515 MLS ⋅ ACTIVE Status
Amazing views of downtown Raleigh from this lot in Caraleigh Mills! Investors and Developers, this is the one!! With a cemetary across the street, no other homes can go up to impede the amazing view a home has from this lot of downtown Raleigh. Current home can be rehabbed, but with larger homes selling in the neighborhood and right beside it, it's time to take advantage of all this lot has to offer. Current home is habitable, but the value is in the lot.

149 Prospect Ave, Raleigh
1535 Caraleigh Mills Ct Unit 221, Raleigh
$421,000
1 Beds ⋅ 2 Baths ⋅ 10178923 MLS ⋅ ACTIVE Status
Caraleigh is amenity rich with pool, gym, EV charging stations, garden, and dog park all in the gated community. HOA covers your monthly water, sewer, fiber, and internet. A 50% property tax reduction makes for lower cost condo living. The location couldn't be more perfect. Close to the State Farmers Market, Dorothea Dix Park, Trophy Brewing and so much more in the heart of Raleigh. Industrial edge meets modern cool in this two-bedroom condo set inside one of Raleigh's most iconic fully restored mills. Soaring vaulted ceilings, raw original floors, and oversized historic windows that flood the space with natural light, celebrating the building's past while delivering the modern style. The open-concept layout flows from kitchen to living. Kitchen with granite countertops, updated appliances, and backsplash. Modern staircase leads to a lofted office space, perfect for work, study, or creative pursuits. A barn door leads to the primary suite. Inside, the primary bedroom showcases exposed beams and historic character. Lovely updated primary bath. The condo is also listed for rent @ $2200 a month.

1535 Caraleigh Mills Ct Unit 221, Raleigh
1535 Caraleigh Mills Ct Unit 104, Raleigh
$375,000
2 Beds ⋅ 2 Baths ⋅ 10177767 MLS ⋅ ACTIVE Status
Welcome to historic urban living at its finest in this beautifully updated, industrial-style loft located within the coveted Caraleigh Mills community. Originally built in 1892 as a bustling cotton mill, this stunning property perfectly blends rich history with modern luxury, even offering a highly desirable historical property tax break of 50%. Designed with the young professional in mind, the two-bedroom, two-bathroom condo boasts an authentic aesthetic featuring soaring high ceilings, exposed brick walls, original hardwood floors, and massive windows that flood the entire space with natural light. The heart of the home is a sleek kitchen outfitted with quartz countertops and stainless steel appliances, making it ideal for both casual weeknight dinners and weekend entertaining. Both bathrooms have been completely and stylishly renovated to meet the highest standards. The primary ensuite serves as a private retreat, complete with a dual vanity, a spacious walk-in tiled shower, and a generous walk-in closet. The versatile second bedroom is equally impressive, offering an abundance of storage with two separate walk-in closets. Beyond the front door, the gated community provides a resort-style lifestyle packed with premium amenities. You can spend your free time lounging by the pool, working out in the fitness center, or hanging out in the community center's billiard room. The property also features practical perks like bike storage, EV charging stations, a community garden, two dedicated dog parks, and inviting outdoor grilling areas with fire pits for socializing. Situated in an unbeatable location, you are just minutes from the energy of downtown Raleigh and only a quick walk away from the NC State Farmer's Market, Trophy Brewing, and Dorothea Dix Park.

1535 Caraleigh Mills Ct Unit 104, Raleigh
1535 Caraleigh Mills Ct Unit 207, Raleigh
$425,000
1 Beds ⋅ 2 Baths ⋅ 10166566 MLS ⋅ ACTIVE Status
One of a kind historical Caraleigh Mills condo. Live the dream just minutes to downtown Raleigh or walking distance to the famous farmers market & Dix Park. This one bedroom, 1.5 bath is exceptional loft living, and you will love the high ceilings and gourmet kitchen of the sepictacated condo. Enjoy a 50% historical property tax break on your taxes too. Your new community will feature a pool to die for, fitness center, two dog parks, community center with billiard room and more. This gated community is unique Welcome home!

1535 Caraleigh Mills Ct Unit 207, Raleigh
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Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .

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