There are currently 183 waterfront properties for sale on Cape Cod that are asking under $500,000. We dug though the listings to find the very best, most interesting and/or unique condominiums and single family abodes on the water. From an East Sandwich Beach cottage behind the dunes to a PTown condo on Cape Cod Bay, here's a map of waterfront properties for under $500,000.
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10 Cape Cod Waterfront Properties Listed for Under $500K

Sandwich
Kicking off with a classic waterfront cottage on East Sandwich Beach, this 698 sq. ft. 2BD, 2BA comes with "limited views of Cape Cod Bay." Something about a dune in the way. Regardless, asking price is $450,000.
Falmouth
Built in 1920, this 708 sq. ft. 1BD, 1BA Woods Hole Village cottage is set on .26 acres on Mill Pond. The renovated home is listed for $449,000.
Mashpee
Here's a 840 sq. ft. 2BD, 1.5BA townhouse in New Seabury's Maushop Village. The unit includes water views and direct access to a private ocean beach on Nantucket Sound. Yours for $499,000.
Hyannis
Unit A3 is a 574 sq. ft. 1BD, 1BA overlooking Kalmus Beach (rejoice, windsurfers and kitesurfers!) and Nantucket Sound. Per the listing, the condo rents for $2K/week, in season. Asking price is $435,000.
South Yarmouth
"MILLION DOLLAR VIEW!!!" But wait, there's more! This 1,100 sq. ft. 2BD, 2BA penthouse condo comes with a fireplace, deck, pool, and a 30' dock with access to Nantucket Sound. Unit 17 is your for $459,900.
Dennis Port
Waterfront? Check. Private dock? Check. Access to Nantucket Sound? Check again. This 542 sq. ft. 2BD, 1BA cottage with a 22' screened porch is asking $275,000.
Chatham
Set on .43 acres on Mill Pond, this 1,008 sq. ft. 1BD, 1BA (with a 3BD septic) "cute and open concept" split level was built in 1994. Asking price is $350,000.
Orleans
This adorable contemporary saltbox features 2BD, 2BA in 1,260 sq. ft. The .60 acre property on Uncle Israel's Pond has a "great rental history" and is asking $430,000.
Truro
According to the brokerbabble, if you're "looking to own a little piece of paradise in Truro," this listing fits the bill. The 488 sq. ft. 2BD, 1BA attached cottage is asking $399,000.
Provincetown
Per the listing, unit 9C boasts "The best view in the entire complex, more than 180 degrees, water can be seen from every window in this home." The 700 sq. ft. 2BR, 1BA beachfront condo is asking $469,000.