Colony Lake Homes under $350,000

Welcome to Colony Lake, a charming subdivision nestled in the heart of Chapel Hill, North Carolina. This picturesque community offers a perfect blend of tranquility and accessibility, making it an ideal place for families, young professionals, and retirees alike. With its serene surroundings and welcoming atmosphere, Colony Lake is a hidden gem in Orange County.

One of the standout features of Colony Lake is its affordability. Here, you can find a variety of beautiful homes priced under $350,000, making it an attractive option for first-time homebuyers or those looking to downsize without compromising on quality. The homes in this subdivision boast modern designs and comfortable layouts, ensuring that you’ll find a space that feels just right for you. Many properties feature spacious yards, perfect for enjoying the outdoors or hosting gatherings with friends and family.

Living in Colony Lake means you’ll have easy access to the vibrant culture and amenities that Chapel Hill has to offer. From delightful local shops and restaurants to scenic parks and recreational activities, there’s always something to explore. The community is also conveniently located near major highways, providing a seamless commute to nearby cities and attractions.

Whether you’re seeking a peaceful retreat or a lively community, Colony Lake has it all. Don’t miss your chance to become part of this wonderful neighborhood, where affordable living meets the charm of Chapel Hill. Your dream home awaits in Colony Lake!

Newest Colony Lake Homes under $350,000

$289,900

2 Beds ⋅ 1 Baths ⋅ 10181612 MLS ⋅ ACTIVE Status

Rare unmatched Green-Space View! Looking for a move-in ready townhome near UNC and Duke University? This light-filled, one-level end-unit townhome in the highly desirable Colony Lake community offers easy, low-maintenance living just 15-20 minutes from both campuses. Inside, you'll find an open-concept living and dining area with vaulted ceilings and a cozy wood-burning fireplace — ideal for relaxing or entertaining. This well-maintained home features an energy-efficient tankless water heater and all major systems regularly serviced, so it's truly move-in ready. Step outside to your private patio overlooking peaceful green space, with no rear neighbors — a rare find in Colony Lake. Enjoy quick access to I-40, nearby shopping and dining, and the local bus line, putting the best of the Research Triangle right at your doorstep. Schedule your showing today for this one-level Colony Lake townhome before it's gone!

156 St Andrews Ln, Chapel Hill

$299,900

2 Beds ⋅ 3 Baths ⋅ 10180389 MLS ⋅ ACTIVE Status

Enjoy low maintenance living at 104 Sir Richard Lane, where thoughtful updates and a convenient Chapel Hill location come together. One of the home's standout features is the brand new windows, intalled in the last year. Inside, you'll find two spacious bedrooms, 2.5 bathrooms. The generous primary suite includes a walk in closet and a private bathroom with a tiled shower, creating a comfortable space to unwind. The main level offers a functional layout for everyday living, with easy access to the private rear patio and backyard, ideal for relaxing outdoors or entertaining friends and family. Located near shopping, restaurants, parks, and the free Chapel Hill Transit bus route, this home makes it easy to enjoy everything the area has to offer. If you're looking for an updated, move in ready townhouse in a convenient location, 104 Sir Richard Lane is one you won't want to miss.

104 Sir Richard Ln, Chapel Hill

$323,000

2 Beds ⋅ 2 Baths ⋅ 10179388 MLS ⋅ ACTIVE Status

One story living in Colony Lake, end unit townhome with an open floor plan, hardwood floors in the dining room/family room areas, vaulted ceilings, and a sunroom addition on an oversized double lot. The owner's suite features a walk in closet, double sink and a walk in tub conversion with shower. The interior has been freshly painted and the HVAC has been updated in 2021. Fridge, washer/dryer convey. Minutes to Wegmans Food Market and Whole Foods.

101 Standish Dr, Chapel Hill

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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 .