Morgan County Homes under $400,000

Welcome to Morgan County, Missouri – a hidden gem that perfectly blends serene rural living with modern conveniences. Nestled in the heart of the Ozarks, this charming county is known for its picturesque landscapes, friendly communities, and a rich tapestry of history. With its rolling hills, sparkling lakes, and lush forests, Morgan County offers an idyllic backdrop for those seeking a peaceful retreat from the hustle and bustle of city life.

For homebuyers looking for affordability without sacrificing quality, Morgan County is a treasure trove of options. With a diverse selection of homes available for under $400,000, you can find the perfect abode that suits your lifestyle and budget. Whether you’re searching for a cozy cottage by the lake, a spacious family home in a welcoming neighborhood, or a charming farmhouse with plenty of land, Morgan County has something for everyone.

Imagine waking up to the sounds of nature, enjoying morning coffee on your porch, and exploring the nearby outdoor recreational opportunities such as fishing, hiking, and boating. The community spirit here is palpable, with local events, farmers' markets, and festivals that bring residents together and celebrate the unique culture of the area.

With its affordable housing market and an abundance of natural beauty, Morgan County is not just a place to live; it's a place to thrive. Discover the warmth and charm of this wonderful county, and find your dream home today in the heart of Missouri. Your new adventure awaits!

Newest Morgan County Homes under $400,000

$169,000

1 Beds ⋅ 1 Baths ⋅ 3590271 MLS

UPDATED TINY HOME + 5.4 UNRESTRICTED ACRES, ROOM TO BUILD, EXPLORE & ENJOY! This unique opportunity combines an updated 705 SF, 1-bedroom, 1-bath home with a separate 5.4-acre parcel of unrestricted land, located just minutes away. The home features a remodeled bathroom, new kitchen cabinets, countertops and appliances, luxury vinyl plank flooring, new interior and exterior paint, new roof, water softener and efficient mini-split system. A carport provides convenient covered parking. Enjoy access to three community access points to the Lake of the Ozarks, making it easy to enjoy boating, fishing and lake life. The additional 5.4 acres offers tremendous flexibility for a garage, shop, RV parking, hunting, recreation or future building/development opportunities. The acreage is just 550' off pavement with electric at the road and offers a nice mix of trees, wildlife, live creek and a seasonal lake view. Whether you're looking for a lake-area home with additional land for future plans or an investment opportunity with room to expand, this combination offers options that are hard to find. Two parcels. One opportunity. Lots of possibilities!

27116 Hard Rock Road, Barnett

31331 Northshore Drive Unit 206B, Rocky Mount

$260,000

2 Beds ⋅ 2 Baths ⋅ 3590503 MLS

Lakefront living with NO STAIRS to the front door, an amazing lake view, and a 10x24 boat slip & PWC slip included! This 2 bedroom, 2 bathroom walk-in level condo at Northshore Condominiums was completely remodeled in 2023 and offers a true move-in ready Lake getaway. The updated kitchen features quartz countertops, stainless steel appliances, modern cabinetry, and an open layout flowing into the main living area. The primary suite showcases beautiful lake views along with an Onyx walk-in shower with glass doors and matching vanity top. LVP flooring, updated vanities, fixtures, HVAC, and water heater are among the improvements throughout the condo. The bedroom furniture is included, and most of the furniture is negotiable. As an end unit, you'll enjoy added privacy along with a lake view deck that's perfect for relaxing and taking in the view. Enjoy convenient access to the dock and lakefront community pool, along with blacktop roads all the way to the condo and trailer parking within the complex. Additionally, both the front and lakeside decks were replaced last year. With the remodel already complete, simply start enjoying everything Lake of the Ozarks has to offer!

31331 Northshore Drive Unit 206B, Rocky Mount

$299,900

3 Beds ⋅ 2 Baths ⋅ 3590566 MLS

Need more garage, shop and storage space? This Versailles property delivers! Situated on three city lots, this 1,985 sq. ft. ranch offers 3 bedrooms, 2 bathrooms, a full finished basement and an impressive amount of space inside and out. The home features a large primary suite, spacious living areas and an attached 2-car garage with a convenient drive-through bay. The real standout is the detached 3-car garage with workshop space and an additional fully plumbed area offering exciting potential for future living space, guest quarters, home office or hobby space. With five total garage spaces, there's plenty of room for vehicles, a boat, lake toys, tools and projects. The home is ready for someone to bring their own personal touches, while the garage and shop setup is already hard to duplicate. Whether you're a contractor, car enthusiast, hobbyist or simply need more room, this property offers possibilities you won't find in the typical in-town home. Schedule your showing today!

312 South Oak Street, Versailles

$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

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

$119,900

2 Beds ⋅ 1 Baths ⋅ 3590502 MLS

Bring your vision and your toolbox! This older farmhouse offers an opportunity to own a property with character, good bones, and plenty of potential. Featuring 2 bedrooms and 1 bathroom, this home sits on an approximately half-acre corner lot and includes a 1-car detached garage and shed for additional storage. Some of the important work has already been addressed, including a roof that is less than 10 years old and a recently serviced HVAC system. The home is ready for someone to bring their ideas and transform it into something special. Whether you're looking for an investment property, renovation project, or a home you can update to your own style, this property offers plenty of opportunity. With the combination of the corner lot, detached garage, storage shed, newer roof, and serviced HVAC, this one is worth taking a look at. Home is being sold 'as is'. There is not a sellers disclosure as owners have never lived at the property as this was their mothers home.

610 Old W Road, Versailles

$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

$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

$399,900

2 Beds ⋅ 1 Baths ⋅ 3590224 MLS

Opportunity to own 40+\- acres of prime recreational and hunting ground in the heart of Morgan County, just outside of Versailles, Missouri. This versatile property offers the perfect combination of privacy, functionality, and future potential. The property includes a 40x30 (2 bedroom, 1 bathroom) home—ideal as a full-time residence, hunting cabin, or weekend retreat. A 64x40 three-bay shop with concrete floors provides ample space for equipment storage, vehicles, ATVs, boats, or workshop needs. This acreage is a true outdoorsman’s paradise, featuring abundant wildlife including deer and turkey, making it an exceptional hunting property. The mix of open ground and timber creates excellent habitat and year-round recreational opportunities. In addition to the existing home, the property offers a prime building site perfectly positioned for someone looking to construct their dream home overlooking nearly 40 +\- acres of breathtaking countryside(additional acreage available) Whether you’re searching for a private retreat, income-producing recreational ground, hunting property, or a future homesite with acreage, this one checks all the boxes.

21657 Sawmill Road, Versailles

$235,000

2 Beds ⋅ 3 Baths ⋅ 3590432 MLS

Conveniently located near town on paved road is a nicely done 2 bed 2.5 bath house, freshly painted, new carpet. A true pride of owner ship. This house is move in ready clean as a pin. There is a large unfinished basement that could be a huge game room or a guest house with its own entrance down stairs. The main level has a nice screened patio.

701 O Hwy, Laurie

$250,000

2 Beds ⋅ 1 Baths ⋅ 3590280 MLS

This beautiful 2nd-tier lake home sits on over half an acre, offering a peaceful, secluded feel while being just steps from your private lakefront lot and dock! Recent renovations have transformed the home into a 3-bedroom, 1-bath retreat with plenty of additional potential. A private concrete drive leads to the home with ample parking, plus a 20x25 carport with a concrete pad. Located in the peaceful, no-wake waters of Lick Branch Cove, your private dock provides the perfect spot for swimming, fishing, boating, and enjoying everything Lake of the Ozarks has to offer. The finished lower-level walkout adds valuable living space and flexibility. Plumbing is already in place for a second bathroom. The home is equipped with a full Ring security system and has been professionally set up for Airbnb operations, making this a turnkey opportunity with recent rental history. Public sewer means no septic worries, and there are NO HOA fees! Whether you're looking for a full-time residence, weekend lake getaway, or investment property, this one offers location, lake access, privacy, and plenty of potential. Call today to schedule your private showing!

30031 Oak Knoll Road, Rocky Mount

$159,900

2 Beds ⋅ 1 Baths ⋅ 3590332 MLS

This home is a fabulous remodel ready for its new family! Located in a great neighborhood close to shopping, dining, medical care and so much more. nice yard ready for a garden, there is a garden storage shed already there for your lawn equipment, mower etc. The trellis is ready for greenery, and you can make it all your own! New roof, plumbing, electrical, HVAC, flooring, sheetrock, appliances, I could go on but you better schedule your showing today. This one will fit your Lifestyle!

505 N Monroe St, Versailles

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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 RE/MAX Lake of the Ozarks