Wallace Homes under $500,000

Welcome to Wallace, North Carolina – a charming town nestled in the heart of Duplin County, where Southern hospitality meets small-town charm. Known for its rich history and vibrant community, Wallace is a delightful destination for those seeking a tranquil lifestyle with easy access to modern amenities. With its beautiful landscapes, friendly neighbors, and a close-knit community, Wallace offers an idyllic setting for families, retirees, and everyone in between.

One of the most appealing aspects of Wallace is its diverse real estate market, particularly for homebuyers looking for properties under $500,000. Here, you can find a variety of homes that cater to different tastes and needs, from cozy bungalows to spacious family homes. The affordability of real estate in Wallace makes it an attractive option for first-time buyers and those looking to invest in a growing community.

The town is surrounded by lush greenery and picturesque views, providing a peaceful retreat from the hustle and bustle of city life. Wallace boasts an array of local parks, recreational facilities, and charming shops, ensuring that residents have everything they need right at their fingertips. Additionally, the town's strong sense of community is evident through various events and gatherings throughout the year, fostering connections among neighbors and creating lasting friendships.

If you're searching for a place to call home that combines affordability, charm, and a welcoming atmosphere, look no further than Wallace, NC. With homes under $500,000, you can find the perfect property to fit your lifestyle while enjoying all that this delightful town has to offer. Come explore Wallace and discover your dream home today!

Newest Wallace Homes under $500,000

$352,000

4 Beds ⋅ 3 Baths

Home is in framing. The 2140 floor-plan by Adams Homes is a stunning four bedroom and three bathroom home. This single-story home provides a spacious and comfortable living space. As you step into the home, you are greeted by an inviting foyer that leads you into the heart of the house. The open-concept design seamlessly connects the kitchen, dining area, and living room, creating a warm and welcoming atmosphere that is perfect for entertaining. The kitchen is a culinary dream, featuring modern appliances, ample cabinet space, and a center island that serves as a focal point with 9ft of island space. The living room serves as a central gathering space, offering plenty of room for relaxation and creating memories with family and friends. The primary suite is a private retreat, located at the back of the home for optimal tranquility. It features a spacious bedroom, a walk-in closet, double vanity. The three additional bedrooms are strategically placed on the opposite side of the home, providing versatility for accommodating family members, and guests, or creating a home office or hobby space. Convenience is key in the 2140 floor plan, with a designated laundry room that is centrally located for ease of use and organization. The two-car garage offers ample space for parking and storage, ensuring that your vehicles and belongings are secure and protected.

277 Eastwood Dr, Wallace

$369,900

4 Beds ⋅ 2 Baths

Step into the charm and character of this beautifully maintained 1950 brick home, ideally located on Main Street in the heart of historic downtown Wallace. Set on approximately half an acre, this distinctive four-bedroom, two-bath home offers the kind of craftsmanship, space and character that is difficult to find in newer construction--all within an easy walk of downtown restaurants, shops and local amenities. Inside, you'll find custom molding throughout, newly painted trim, 6-inch baseboards, picture railing, solid-wood interior doors, hardwood floors and tile baths. The home offers a traditional layout with separate living room, den, dining room, kitchen and laundry room, along with two stairways adding both convenience and character. The dining room features beautiful wainscoting, while the enclosed sunroom provides a wonderful additional space overlooking the backyard. The kitchen includes a Forno electric range installed in 2024, and the home offers plenty of storage, including a walk-in cedar closet and a walk-in closet in the front bedroom. New French doors were installed in 2025, and the upstairs bathroom received a new tub and tile surround the same year. A chest freezer remains with the home. Major improvements provide peace of mind for the next owner. A 26-kW Generac whole-house standby generator was installed in 2025. The Trane Combi-Pac HVAC system was installed in 2017, with a Trane upstairs unit added in 2019. The main architectural-shingle roof was installed in 2019, and the flat rubber roof was replaced in 2023. Exterior trim and dormers were freshly painted in August 2026, as were the interior back entrance and stairwell. Take advantage of cost savings as well with no association dues, and considerably lower homeowners insurance rates than in nearby coastal counties. Outside, the property continues to impress. The beautifully landscaped backyard includes a 12x14 gazebo, a 10x16 Walden shed installed in 2026, and a kitchen garden with raised vegetable beds and perennial herbs including sage, thyme, rosemary, oregano, basil, green onion and bay. A circular driveway provides ample parking, while the detached brick 1½-car garage adds valuable storage and workspace. With its brick construction, generous lot, mature surroundings, thoughtful updates and unbeatable downtown location, this is a home that offers something increasingly rare: **old-fashioned character, modern improvements and the ability to walk to the best of downtown Wallace.

413 E Main St, Wallace

$149,900

3 Beds ⋅ 2 Baths

Online auction starts 10/11/2026 at Auction.com. This 3-bedroom fixer-upper, believed to have been constructed in 1950 according to tax card records, is situated on a corner lot in Wallace and offers plenty of original charm and character. Many of the home's vintage features remain, including original tile in the bathrooms and what appears to be the original kitchen cabinetry. The kitchen also features Formica countertops and an abundance of cabinet storage. The home offers generously sized rooms throughout. The HVAC system is believed to need repairs or replacement. With its classic features, spacious layout, and potential for renovation, this property could be an excellent opportunity for a handy buyer or investor looking for a renovation project or possible flip. The property is served by the Town of Wallace for water, sewer, and trash collection. The home is currently occupied and is not available for showings. Submit offers online - Auction starts 10/11/2026. Do not submit offers to list agent. Online auctions typically last a few days .The sale will be subject to a 5% buyer's premium pursuant to the Auction Terms and Conditions (minimums may apply). All auction bids will be processed subject to seller approval. All non-cash buyers must be prequalified through the seller's approved lender, although buyers may use their lender of choice for closing. See agent remarks for lender contact info. All MLS information is based upon tax records. Home in formation such as room count, home sq. footage, structural data and amenities can not be verified as home is occupied and list agent does not have access to property until home is vacant .

322 E Cavenaugh St, Wallace

$239,999

3 Beds ⋅ 2 Baths

Welcome to 235 Oak Street, where classic brick-ranch charm meets comfortable one-level living and meaningful recent improvements. Set beneath mature trees on a .24-acre lot, this home offers inviting indoor and outdoor spaces just minutes from the heart of downtown Wallace. Step inside to find hardwood floors throughout much of the home, abundant natural light and a floor plan with plenty of room to spread out. A spacious front living room features a large bank of windows, while an additional living and dining area creates a natural gathering space alongside the kitchen. The kitchen offers plenty of cabinet and counter space, recessed lighting and a large peninsula with room for seating. French doors provide an easy connection to the backyard, making the space equally suited for everyday living and entertaining. An updated bathroom with a tiled walk-in shower and glass enclosure adds another nice touch. A new HVAC system installed in 2025 and a water softener add to the home's valuable features. Beyond the finishes, the seller invested in several of the home's important systems for added peace of mind. Recent work includes extensive ductwork, and complete crawl-space encapsulation with dehumidification system, giving the next owner the benefit of meaningful work already completed behind the scenes. Outside, the fenced backyard is shaded by mature trees and offers plenty of possibilities for gardening, play, pets or creating your own outdoor retreat. A large storage shed provides additional space for tools, lawn equipment and more, while the attached covered carport offers sheltered parking or the flexibility to create a casual covered outdoor gathering space. Enjoy the character of an established home, the convenience of single-level living and thoughtful updates where they matter. Located just minutes from downtown Wallace, approximately 35 minutes to Hampstead and 45 minutes to Wilmington, 235 Oak Street offers small-town living with convenient access to the coast and surrounding communities.

235 Oak St, Wallace

$94,700

1 Beds ⋅ 1 Baths

Looking for a smaller home in a convenient location? This charming 1-bedroom, 1-bath home offers easy living just 2 blocks off Hwy 117 and within walking distance of downtown Wallace, shopping, grocery stores, banks, and the post office. Vinyl exterior, front porch, storage building, and an extra room that could be a flex space for many uses. Home has propane gas for heater mounted on wall in den as a heat source. But, no HVAC unit is in place. Town water and sewer. Bring cash and make it yours today!

115 E Murphy St, Wallace

$370,000

4 Beds ⋅ 2 Baths

Updated Brick Tudor in Central Wallace. Built in 1945, this 4-bedroom, 2,031 sq. ft. brick Tudor sits on a large lot on a quiet street within walking distance of Main Street, Norwood Street, a local park, and Legion Stadium. The home retains original character, including hardwood floors, arched doorways, a steep gabled roofline, and a brick chimney. The completely renovated kitchen features white cabinetry, butcher-block countertops and island, mosaic tile backsplash, checkerboard flooring, and new stainless-steel appliances. Samsung washer and dryer are included. The living room has a floor-to-ceiling stacked stone fireplace, skylights, large windows, and French doors leading outside. The primary bathroom has been renovated with floor-to-ceiling tile and a walk-in glass shower. Two new mini-split A/C units serve the upstairs bedrooms. The roof was replaced in 2018. Exterior features include a covered wraparound porch, a second covered porch, and a second-floor porch with a pergola and established grapevines. The yard is fully fenced, and the driveway is gated. The property also includes an **attached 2-car garage and a detached 2-car garage**, providing ample parking, storage, and workshop space.

116 Circle Dr, Wallace

$439,000

4 Beds ⋅ 3 Baths

Custom brick home of top quality construction, with beautiful pond and golf course views. Located in River Landing, a luxurious gated community with easy access to both Wilmington and Jacksonville. Modern kitchen and baths, vaulted ceilings in several rooms, open floor plan, lovely 4 season sunroom, and oversized garage make this house a special find.

129 Candlewood Dr, Wallace

$179,900

3 Beds ⋅ 1 Baths

Welcome to this recently updated home situated on a spacious 2.79-acre lot, offering plenty of room to enjoy today and exciting potential for the future! This 3-bedroom, 1-bath home features recently updated flooring and fresh paint throughout. Enjoy the enclosed sunroom, perfect for entertaining, relaxing, or taking in peaceful country evenings. Conveniently located near Interstate 40, this property offers an easy commute to Wilmington, Jacksonville, and Raleigh while still providing the space and tranquility of country living. Move-in ready and full of potential, this home is ready for its next owner. Schedule your private tour today!

3537 S Nc 11th Hwy, Wallace

$387,300

5 Beds ⋅ 4 Baths

Introducing the exquisite 3030 floorplan by Adams Homes, a true gem in the world of home design. This two-story masterpiece offers an impressive array of features and a layout that perfectly blends style, comfort, and functionality. Step into the grand foyer and be captivated by the spaciousness and elegance that awaits you. The open-concept design flawlessly connects the kitchen, breakfast nook, and family room, creating a seamless flow that is perfect for both entertaining and everyday living. The kitchen is a chef's dream, equipped with top-of-the-line appliances, ample cabinet space, and a center island that serves as a gathering point for friends and family. The master suite is a true retreat while still being conveniently placed on the first floor. Homeowners will be able to enjoy a luxurious bedroom, a walk-in closet, an ensuite bathroom with double vanities, a soaking tub, and a private water closet. As you make your way upstairs, you'll be greeted by a spacious recreational and loft area that can be transformed into a cozy family room, home office, or entertainment space. Four additional bedrooms are strategically placed on the second floor, providing privacy and space for family members or guests. The 3030 floor plan also includes a designated laundry room, ensuring that this chore is a breeze to handle. With ample storage space and a well-designed layout, this home truly caters to your every need. Adams Homes' commitment to quality craftsmanship shines throughout the 3030 floor plan. From the carefully selected materials to the attention to detail, every corner of this home exudes a sense of luxury and sophistication.

116 Calloway Dr, Wallace

$297,900

3 Beds ⋅ 2 Baths

As you enter the home, you are welcomed into a foyer that leads you into the main living area. The open-concept design seamlessly connects the kitchen, dining area, and living room, creating a spacious and inviting atmosphere. The kitchen is equipped with modern appliances, plenty of cabinet space, and a breakfast bar, making it a chef's dream. The adjacent dining area provides a perfect space for family meals and gatherings. The living room serves as the heart of the home, offering a comfortable space for relaxation and entertainment. The master suite is privately located at the back of the home and features a generous walk-in closet and an ensuite bathroom with a double vanity, garden tub, and separate shower. The additional rooms are perfect for a growing family and guests, or a designated space for hobbies. Convenience is key in the 1634 floor plan, with a laundry room located near the bedrooms for easy access and organization. The two-car garage provides ample space for parking and storage. Additionally, a covered lanai at the back of the home offers a perfect outdoor retreat to enjoy the fresh air and relax. With Adams Homes' commitment to quality craftsmanship, this home is designed to provide both comfort and functionality. Embrace the spaciousness and practicality of the 1634 floorplan and customize it to fit your personal style and preferences, creating a home that perfectly suits your lifestyle and brings joy to everyday living.

112 Calloway Dr, Wallace

$450,000

3 Beds ⋅ 3 Baths

A lot of house, a beautiful setting, and a price that leaves plenty of room to make it your own! This spacious 3-bedroom, 2 1/2-bath brick home offers more than 2,800 square feet of living space, a two-car garage, bonus room, office, and a large raised patio overlooking the tee box of No. 7 Landings Course in the gated golf community of River Landing, in Wallace. Priced at just $450,000, here is an opportunity to own a substantial home in a desirable golf-course community without paying a premium. The home's cosmetics are tired and need some attention, but the possibilities are easy to see. The spacious kitchen features stainless steel appliances, and the washer and dryer remain. One especially nice design feature is the convenient connection between the laundry room and the large primary bedroom closet. A tankless natural gas powered water heater will never run out of hot water. The spacious bonus room and office provide plenty of flexibility for a home office, hobby space, media room or additional living area. Outside, the large raised patio provides a great place to relax and enjoy the golf-course view, while mature landscaping and landscape lighting adds to the home's appeal. There is even a private well for irrigating the lawn. This is not a home that's been freshly renovated and that is reflected in the price. If you're willing to put some work into the cosmetics, there's a lot of home here for the money, in a setting that's difficult to duplicate. Come take a look and see what you can do with it!

254 W Winding Way, Wallace

$373,900

3 Beds ⋅ 3 Baths

Welcome to the prestigious River Landing community, where hometown charm meets world-class amenities in a top-rated golf setting. This refined single-story patio home sits directly on the 17th fairway of the Landing Course and offers the rare combination of privacy, natural beauty, and true move-in-ready comfort. Completely renovated in 2019 along with A BRAND NEW ROOF (2026,) the home features a bright, airy interior with light-colored walls throughout. The kitchen is a standout, showcasing granite countertops, new cabinetry, and all-new stainless steel appliances. Large windows invite an abundance of daylight while framing views of the backyard and the lush greenery of the golf course. An inviting cutout opening in the kitchen creates an effortless flow, delivering that open-concept feel without losing the warmth of a traditional layout. The oversized living room is the perfect gathering space, featuring a cathedral ceiling and a fireplace, and seamlessly connecting to the sunroom--ideal for relaxing year-round. The spacious Master Suite is designed for comfort and ease, with large windows bringing in beautiful natural light. The spa-inspired bathroom includes dual vanities, new cabinetry, a soaking tub, a spacious custom walk-in shower, a separate water closet, and a generous walk-in closet. Also included is a newly finished room over the garage, offering excellent flexibility as a bonus room or comfortable space for visiting guests. Enjoy the exceptional lifestyle River Landing is known for. The community has been named a ''Top 50 Master-Planned Community'' by Where to Retire, and features two ''Two 50'' championship golf courses, recognized by the NC Golf Panel. Residents and guests can take advantage of world-class amenities including a fitness center, an outdoor pool, tennis courts, trails, a beautiful clubhouse, social clubs, spa services, and much more. Golf memberships are very affordable and optional. Come experience resort-style living--schedule your showing today.

117 Candlewood Dr, Wallace

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