TODAY

TODAY   |  April 26, 2013

Homes you can buy for less than $500,000

TODAY real estate expert Barbara Corcoran provides a sneak peek at some homes around the country that are on the market for $500,000 or less.

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This content comes from Closed Captioning that was broadcast along with this program.

>>> or under the water for $500,000 or less. "today" real estate contributor barbara corcoran.

>> none are under the water.

>> austin, texas, san leon .

>> it's a hidden gem in galveston county and surrounded on three sides by beautiful galveston bay . you'll have a nice look at the bay in a moment. this is a three-story waterfront with its own elevator, sits on the bay and has its own dock. here is the great room, you have a peek of the dock, tiles easy to maintain, a kitchen with a small center island with a sink and all white cabinets, a big formal dining room that seats eight people and surrounded by windows and glass with doors out to your own beautiful deck to the left side there. the house has its own boat slip and lift and here's what it looks like from across the water, no the a bad house. this is not expensive $419,000.

>> now saugutuck.

>> this say log room, most people live here year-round and a getaway on king fisher cove and it's a short bike ride to the town. what a beautiful shot there. it's a hand crafted cedar home and it's the interior is all wood, it's a great room with a towering stone fireplace and balcony above, low maintenance. you either love these homes or hate them. who could say they don't like it? it has an all wood master bedroom , with the sunny seating area. feels warm and comfortable. the cozy loft upstairs works as a bunk room, an office, a tv area, but it's all extra and the king fisher cove has private lake frontage, pool, nature trails and boardwalks.

>> let's head to portland, organize oh, three-bedroom, two-bath floating home for $465,000.

>> floating homes are popular because you just plop it in the water. water typically on two to three sides. this one here is right on the columbia river , crystal clean, swimming, sailing, kayaking right off your own 1,200 foot dock in the front yard . the living room has soaring vaulted ceilings, plankwood falls, the curved staircase, glass front cabinets, tile splash and counter. the bathroom is swanky with the soaking tub and glass brick shower and the third bedroom office has a wall of windows. gives you the sense of why people like these floating homes.

>> can you actually throfloat them away?

>> people think you can but you buy the space for a year so you better like your neighbors.

>> now to vero beach florida $475,000, four bedrooms, three baths.

>> this one comes with five acres and on its own private pond, comes with two horse farm stalls, four paddocks and a jumping ring. the main house has a roomy 2,800 square feet and four bedrooms and three baths and the dog is not included. the picture window, fireplace and french country feel. the master bedroom has nice wood floors, pretty pond on the property and you get a great shot of the pond and there's the dog again, all right, they're teasing us with the dog. the waterspout keeps the bugs away.

>> i don't think i've ever heard you say dog not included.