Best Pre-amp for $500??

Some of the older home theater preamps sell within your budget. Some are well thought of regarding two channel listening, and once sold for several thousand new.

They are often sold due to no longer being up with the latest home theater technology. 

I enjoy one of these units in my bedroom system. 

Hope this helps

Currently available for sale on A'gon in the Preamplifier section:
Rotel Preamplifier Processor RS P1570 
Original price $2199.00 asking  $900.00

Happy hunting. 

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DacMagic Plus by Cambridge Audio can be used as a preamp. However it does not include any analog inputs. Several digital inputs.  XLR and RCA analog outputs. Wolfson DAC Technology.  $399.00 music direct.

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Teac UD-503 can be found used for under $800.