Leonard Homes under $400,000

Welcome to Leonard, Texas—a charming small town that perfectly blends the warmth of Southern hospitality with the allure of rural living. Nestled in the heart of Fannin County, Leonard is known for its friendly community, vibrant local culture, and beautiful landscapes. With a population of just over 2,000 residents, this quaint town offers a peaceful escape from the hustle and bustle of city life, making it an ideal place for families, retirees, and anyone seeking a close-knit community.

Leonard boasts a rich history, with roots dating back to the late 19th century. The town is adorned with lovely parks, inviting walking trails, and a picturesque downtown area featuring unique shops and local eateries. Residents enjoy a slower pace of life while still being conveniently located near larger cities like Greenville and Sherman, providing easy access to shopping, dining, and entertainment options.

For those looking to invest in a home, Leonard offers an impressive selection of properties under $400,000. Whether you’re searching for a cozy starter home or a spacious family residence, the real estate market here is filled with options that cater to various tastes and budgets. From charming single-family homes with sprawling yards to modern townhouses, there’s something for everyone in Leonard.

Experience the beauty and tranquility of small-town living without sacrificing convenience. With affordable homes and a welcoming community, Leonard is not just a place to live—it’s a place to thrive. Come discover your dream home in this hidden gem of Texas!

Newest Leonard Homes under $400,000

$350,000

4 Beds ⋅ 3 Baths ⋅ 21376810 MLS

Four bedrooms, 2.5 bathrooms, 2 living areas, and a flex space for office, workout room, etc. on over 2.5 acres with storage building and an approximately 1200 sq ft shop. Home is currently rented on a month-to-month basis and shop is also producing monthly income through a month-to-month lease making this a great return on your investment. For homeowners, the tenants can vacate within 30 days of closing. The property is partially fenced with an open pasture and large back yard.

14050 S State Highway 78, Leonard

$315,000

3 Beds ⋅ 2 Baths ⋅ 21336792 MLS

Welcome to 1015 FM 981 in Leonard, Texas is a beautifully updated, move-in ready home nestled on just shy of 2 acres, with the perfect balance of open space and mature trees. Whether you're dreaming of a small homestead, room for farm animals, or simply more space to enjoy country living, this property offers the ideal setting. Inside, you'll find extensive updates that provide both style and peace of mind, including new roof with impact-resistant shingles, new Lennox HVAC system, new Hardie siding, continuous luxury LVP flooring throughout, new aerobic septic system (2025), new water heater, and so much more. The spacious eat-in chef's kitchen has been thoughtfully refreshed with new designer backsplash, stainless steel farmhouse sink, and new dishwasher (2025), creating a space that's as functional as it is beautiful. The inviting living room is anchored by a striking wood-burning stove, offering warmth and character for cozy evenings at home. The 4-car tandem garage gives you the space for farm equipment, man-cave, or additional storage. Additional updates include refreshed lighting and beautifully renovated bathrooms throughout. A versatile bonus game room or playroom provides flexible space for entertaining, a media room, home office, or play area. With modern upgrades already completed, acreage to enjoy, and a location that offers the best of peaceful country living while remaining conveniently accessible, 1015 FM 981 is truly turnkey and ready for its next owners. Come experience all this exceptional property has to offer!

1015 Fm 981, Leonard

$250,000

3 Beds ⋅ 2 Baths ⋅ 21358463 MLS

Welcome to this charming and beautifully updated home in the heart of Leonard! Originally built in the 1920s, this home blends timeless character with thoughtful updates. The property offers 3 bedrooms and two full bathrooms, providing functional living space and a cozy layout. Enjoy a welcoming floor plan, updated finishes, and the character you’d expect from a historic home, while benefiting from the conveniences of modern improvements. Located in an established neighborhood with easy access to local schools, shopping, dining, and community amenities, this home offers the perfect opportunity to enjoy small-town living with plenty of space to make it your own. Schedule a showing today, you will be glad you did!

407 E Bois D Arc St, Leonard

$225,000

3 Beds ⋅ 2 Baths ⋅ 21362750 MLS

Excellent updated home for first time buyers or for sizing down. Three bedrooms, one and one-half baths and two living and dining areas. New updates in 2023 include new luxury vinyl plank flooring, Frigidaire appliances- range, microwave and dishwasher, water heater and Carrier 16 SEER heat and air. Kitchen has Farm sink, disposal and breakfast bar. Paint includes exterior and interior of house and new baseboards. Concrete driveway in front was extended and a new 18x20 concrete patio was added in back. A large shaded yard with privacy fence, patio and storage building will make family fun and relaxation very enjoyable. NEW ROOF WAS INSTALLED IN MID FEBRUARY 2025. This home is located in a nice area, on a dead end street. Nice and quiet area.

511 N Tucker St, Leonard

$99,999

2 Beds ⋅ 1 Baths ⋅ 21348554 MLS

Large, tree-shaded lot with established driveway and a storm shelter beside the home. The early-1900s frame house includes a later-added laundry room and bathroom from when utilities became available in Leonard. The structure currently offers minimal value but provides a footprint for remodeling potential, expansion, or new construction. The value is in the land — spacious, mature trees, and room to create your vision.

208 E Austin, Leonard

$89,990

2 Beds ⋅ 1 Baths ⋅ 21354250 MLS

Cash buyers sold as-is. This single-family property presents a remarkable opportunity for investors, the existing structure requires comprehensive updates and repairs, serving as a blank canvas for a complete custom renovation or a modern flip.

107 W Travis St, Leonard

$179,500

3 Beds ⋅ 2 Baths ⋅ 21352041 MLS

Spacious 3-bedroom, 2-bath home offering approximately 1,824' & 1-car garage. Open, comfortable floor plan features an exceptionally large living area & spacious dining room with plenty of room for entertaining. The generously sized kitchen offers an abundance of cabinets, ample countertop space, a breakfast bar and an open connection to the surrounding living areas. All three bedrooms provide comfortable accommodations, while the covered patio creates a pleasant outdoor space for relaxing or gathering with friends & family. Home is ready for a buyer’s personal touches, including fresh paint, flooring and selected appliance updates. View the virtually staged AI photos to see just how easily this spacious property could become an adorable and inviting place to call home while already offering a spacious & functional layout with plenty of potential. Conveniently located near Leonard ISD campuses, local shopping, restaurants, parks, with easy access to US Highway 69 for travel toward McKinney, Plano, & greater N. TX area. Outdoor recreation, fishing, boating, camping, & trails at nearby Lake Bonham & Bonham State Park. Come explore the possibilities this Leonard property has to offer! Property subject to 3-Day Wait Period, seller will negotiate offers after the period expires-Monday, August 10, 26 - you can start submitting an offer after this date but not before. Cash offers require 10% EMD or $1,000 minimum, whichever is greater, all financed offers require 1% EMD or $1,000 minimum, whichever is greater. Seller does not accept blind offers, escalation clauses, LOI, or assignments. (which means ALL INVESTORS MUST VIEW THE PROPERTY WITH A LICENSED AGENT WHO MUST FOLLOW ALL SELLER INSTRUCTIONS), escalation clauses, LOI, or assignments. Buyers & their agent's responsibility to verify all info contained herein incl but not limited to condition, rm sizes, amenities, schools, acreage, flood plain information, foundation, roof, etc, & overall condition of the property.

502 E College St, Leonard

$323,000

3 Beds ⋅ 3 Baths ⋅ 21348497 MLS

Seller Concessions up to 4K...Welcome to the beautiful new build located on .30 of an acre within the small-town charm of Leonard TX. Built by a local builder within a subdivision with no HOA. The property has a rear access easement if needed. The interior features 9-foot-tall ceilings throughout the main areas and vaulted ceilings within the bedrooms, giving a spacious open feel. A combination of Luxury vinyl water resistant flooring in the living area and kitchen, tile in bathrooms, & carpet in the bedrooms and closets. The kitchen offers quartz countertops, a breakfast sitting area and plenty of recess & natural lighting. A large walk-in pantry, an overhead exhaust vent and stainless-steel appliances. As we make our way to the garage, we will find an oversized 8-foot-tall garage door tall enough for the big Texas Trucks. In the attic we will notice the entire house has been fully foam insulated including above the garage to save energy throughout the year. There are many upgrades to this home. Come check it out.

302 E Travis St, Leonard

$275,000

4 Beds ⋅ 4 Baths ⋅ 21336733 MLS

Expansive split-level ranch style home nestled on a massive three-city-lot property with beautiful mature live oaks—offering endless room for outdoor activities, gardening, or future expansion. Boasting a versatile layout with 4 bedrooms and 4 full bathrooms, this home is perfect for growing families or multi-generational living. Brand New Kitchen: Light, bright, and completely remodeled with spacious countertops and dual ovens. Includes two primary bedrooms with dedicated en suite bathrooms, one of the primary bedrooms is located on the second floor for ultimate privacy. Flexible Second Story: Features a massive bonus area ideal for a second living room, playroom, or home office. Recent Flooring (2022): Fresh, durable flooring installed throughout the main living areas. New Roof: Fully replaced in 2024. New Exterior Fascia & Soffits: Replaced in Fall 2025 for enhanced curb appeal and protection. Complete HVAC System: Both interior and exterior units fully replaced in 2022. Schedule your tour today! (Room measurements are not exact)

408 E Mulberry St, Leonard

$189,000

3 Beds ⋅ 2 Baths ⋅ 21321161 MLS

Bring your ideas and see the potential at 210 W Houston. Situated on a large double corner lot with mature shade trees, this 3-bedroom, 2-bath home is ready for renovation and a new vision. The interior needs cosmetic updating, including flooring, paint and kitchen improvements, but several major components have already been addressed—the roof, HVAC system and water heater are all less than five years old. The existing floor plan also offers an opportunity to rework the kitchen and living areas for a more open, modern layout. Outside, the oversized lot provides plenty of room to expand the possibilities, whether that's a workshop, additional outdoor space or potentially another structure, subject to applicable city requirements. With solid fundamentals, a generous lot and plenty of room for improvement, this is an opportunity for a buyer who would rather create value than pay for someone else's renovation. Offered as-is and priced with its current condition in mind.

210 W Houston St, Leonard

$230,000

3 Beds ⋅ 2 Baths ⋅ 21315947 MLS

5k in credit from the seller to use for paint or closing costs. This darling home is situated within walking distance of all Leonard Schools, elementary is one block west, High School is two blocks north. Easy access to all area jobs in Anna, Trenton, Melissa, Greenville, McKinney, Sherman, Bonham, DFW, are all within easy driving distance. This cute home has great drive-up appeal with easy front entry garage, nice living room, dining room and kitchen, split bedrooms with primary bedroom and bath on the west side, secondary bedrooms and bath on the east side, utility and bonus storage, hobby room or pocket office off the kitchen going to garage.

403 Mulberry St, Leonard

$299,000

4 Beds ⋅ 2 Baths ⋅ 21298668 MLS

Assumable mortgage rate available. Welcome to 206 Nokota Drive in Leonard Crossing! Situated on a desirable corner lot, this beautifully maintained home was built recently and lovingly cared for, this home feels practically brand new and is truly move-in ready. The open-concept floor plan provides comfortable everyday living and effortless entertaining, with spacious living and dining areas that flow seamlessly into the well-appointed kitchen. Generous bedrooms, modern finishes, and abundant natural light create a warm and inviting atmosphere throughout. The home has been well maintained and is ready for its next owner to enjoy. Adding even more value, the sellers are including the refrigerator, washer, and dryer with an acceptable offer, along with additional items that may be negotiated. Whether you're a first-time homebuyer, downsizing, or looking for a newer home with extra space, this property stands out from the rest. Located in the growing community of Leonard with convenient access to surrounding cities, this exceptional home combines modern comfort, generous square footage, and outstanding value. Don't miss your chance to own one of the most desirable homes in the neighborhood!

206 Nokota Dr, Leonard

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Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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