Derwood Homes under $500,000

Welcome to Derwood, Maryland—a hidden gem nestled in the heart of Montgomery County. This charming community offers a perfect blend of suburban tranquility and urban convenience, making it an ideal place for families, young professionals, and anyone seeking a vibrant lifestyle. Located just a stone's throw from Washington, D.C., Derwood provides easy access to the excitement of the city while maintaining its peaceful, residential charm.

Derwood is known for its lush green spaces, including parks and trails that invite residents to explore the great outdoors. Whether you're hiking along the scenic paths of the nearby Rock Creek Regional Park or enjoying a leisurely afternoon at the local parks, nature is always within reach. The community also boasts a variety of shopping and dining options, ensuring that you have everything you need right at your fingertips.

For those seeking affordable housing options, Derwood has a selection of charming homes priced under $500,000. These properties offer a remarkable opportunity for first-time homebuyers or those looking to downsize without sacrificing comfort or quality. From cozy townhomes to spacious single-family residences, you’ll find a diverse range of styles and sizes to suit your needs.

Living in Derwood means being part of a friendly community that values connection and quality of life. With excellent schools, recreational facilities, and a strong sense of community spirit, it's no wonder that Derwood is becoming a sought-after destination for homebuyers. Come discover your dream home in this delightful Maryland enclave!

Newest Derwood Homes under $500,000

$320,000

2 Beds ⋅ 2 Baths ⋅ MDMC2259314 MLS ⋅ Mallard Cove Codm BLDG.

OPEN HOUSE - SATURDAY, OCTOBER 10, 2026: 1:00-4:00 PM Light-filled, top-floor living awaits in this beautifully updated 2BR/2BA condo with sunroom and balcony at desirable Mallard Cove. Hardwood flooring throughout, vinyl replacement windows and sliding doors, abundant natural light anchored by skylights, and four ceiling fans that create a bright, comfortable interior. The renovated kitchen features quartz countertops and opens to a sunny sunroom with center island, ideal for dining or entertaining. The spacious primary suite includes a walk-in closet and en-suite bath, while a private balcony adds inviting outdoor living space overlooking abundant greenery. Full-size laundry room located in unit and a storage closet is accessed from the balcony. Assigned parking space #42 conveys. Community amenities include a clubhouse, fitness center and swimming pool. Walk or bike to the nearby Shady Grove Metro or Washington Grove MARC stations, Giant Food, Blueberry Hill Park & the new Shady Grove West Library. Condo fee includes water/sewer, trash, landscaping, snow removal, common-area maintenance, master insurance and reserves. Pets and rentals are permitted subject to association rules. Mallard Cove is FHA- and VA-approved.

8010 Needwood Rd Unit 203, Derwood

$450,000

4 Beds ⋅ 3 Baths ⋅ MDMC2258582 MLS ⋅ Mill Creek Th BLDG.

Welcome to this spacious 4-bedroom, 2.5-bath end-unit condo townhome in the Mill Creek Towne community! The main level features LVP flooring and a beautifully appointed semi-custom kitchen with crisp white cabinetry, hand-selected granite countertops, a stylish tile backsplash, and stainless steel appliances. A casual sitting area just off the kitchen creates an inviting place for everyday living and transitions seamlessly into the dining area and family room. Sliding glass doors lead to the rear patio with a wooden privacy fence, offering a comfortable outdoor space for relaxing or entertaining. A convenient half bath completes the main level. Upstairs, hardwood floors continue throughout the bedroom level, offering four bedrooms and two full baths, both enhanced with beautiful tile finishes. The primary bedroom features a walk-in closet and convenient direct access to one of the full baths, which is also accessible from the hallway. The partially finished basement adds even more flexibility with a spacious finished room that could serve as a recreation room, home office, workout space or additional lounge area, plus a large storage area and washer and dryer. Enjoy the convenience of assigned parking. Outdoor recreation is close at hand with Mill Creek Towne Park and additional nearby parks and trails, while shopping, dining, Shady Grove Metro, I-270 and MD-200/ICC are all within easy reach. A wonderful opportunity to enjoy flexible living space, polished finishes and a convenient Derwood location!

7109 Mill Run Dr Unit 17-1, Derwood

$290,000

2 Beds ⋅ 2 Baths ⋅ MDMC2257322 MLS ⋅ Mallard Cove Codm BLDG.

Fresh, bright and move-in ready! This spacious 2-bedroom, 2-bath condo offers convenient main-level entry, fresh paint, new LVP flooring and a fantastic open flow throughout. The recently updated kitchen features renovated cabinetry, counters and appliances, plus a large eat-in area with floor-to-ceiling windows that fill the space with natural light. The kitchen opens to the separate dining room and living room, while two sliding glass doors provide easy access to the private patio and extend the living space outdoors. The spacious primary bedroom features an en-suite bath and walk-in closet. In-unit washer and dryer add everyday convenience. Ideally located with easy access to Metro, shopping, dining and commuter routes, plus community amenities including a pool and clubhouse.

8101 Needwood Rd Unit T104, Derwood

$445,000

3 Beds ⋅ 3 Baths ⋅ MDMC2251584 MLS

Welcome to 7804 Epsilon Drive, a beautiful three-level, brick-front townhome tucked away on a quiet cul-de-sac in the peaceful Derwood community of Montgomery County. This well-maintained 3-bedroom, 2.5-bath home offers a wonderful combination of comfort, style, privacy, and convenience. Inside, you’ll find beautifully refinished hardwood floors, recessed lighting throughout, newer windows (approximately 2 years old), and a bright kitchen featuring stainless steel appliances. The lovely fenced backyard provides a private space to relax, entertain, or enjoy the outdoors. Enjoy the tranquility of a quiet neighborhood while remaining just minutes from major commuter routes, including I-270 and the ICC, as well as the Shady Grove Metro, shopping, restaurants, downtown Rockville, and Gaithersburg. Ideally located for both convenience and lifestyle, this home offers easy access to everything you need while providing a peaceful place to call home. Priced to sell—don’t miss the opportunity to make this wonderful Derwood townhome your own.

7804 Epsilon, Derwood

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