Newer MIM fenders still occasionally show up under $500. The Epi “Inspired by Gibson” stuff is fantastic and can often be had new for under that threshold as well.
Others have mentioned PRS SE and some others that are also fantastic options.
What exactly are you looking for in a guitar? I have a used player plus MIM I just bought for $650 6 months ago, so I would assume that would be the ballpark still. I also have a Epiphone ES-335 Custom Shop, that is very nice now after a little fret work I did myself. I think I spent around $400 for it new about 3 years ago. Right now you can get something similar in that $500-$750 range.
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