Balsam Lake Homes under $400,000

Welcome to Balsam Lake, Wisconsin, a hidden gem nestled in the heart of Polk County. This charming community is renowned for its stunning natural beauty, offering residents a peaceful retreat with a wealth of outdoor activities. With its picturesque lakes, lush forests, and friendly atmosphere, Balsam Lake is the perfect place for families, retirees, and anyone looking to enjoy a serene lifestyle.

One of the most appealing aspects of Balsam Lake is its diverse selection of homes available for under $400,000. Whether you’re a first-time homebuyer or seeking a cozy getaway, Balsam Lake has something to suit your needs. From quaint cottages with lake views to modern family homes nestled in quiet neighborhoods, you'll find a variety of options that fit your budget without compromising on quality or charm.

The community is not just about beautiful homes; it also boasts a vibrant local culture. Enjoy seasonal festivals, farmers' markets, and community events that bring residents together, fostering a strong sense of belonging. Outdoor enthusiasts will appreciate the abundance of recreational opportunities, including fishing, boating, hiking, and snowmobiling, making Balsam Lake a year-round destination for adventure.

With its affordable housing options, welcoming atmosphere, and stunning natural surroundings, Balsam Lake, WI is more than just a place to live—it's a place to thrive. Explore your options today and discover the perfect home in this enchanting lakeside community!

Newest Balsam Lake Homes under $400,000

$245,000

3 Beds ⋅ 1 Baths ⋅ 7158263 MLS

Welcome home to this beautifully updated 3-bedroom, 1-bath, 1.5-story home situated on a spacious 0.32-acre corner lot in the heart of Balsam Lake! Offering the perfect blend of charm, comfort, and modern updates, this home features LVP flooring, stainless steel appliances, new doors, and a beautifully remodeled upper level complete with warm tongue-and-groove finishes. Major improvements include a new roof in 2025, furnace and central air in 2021, and all but four windows replaced in 2023. The full basement provides additional storage and possibilities, while the detached two-car garage offers plenty of room for vehicles and outdoor gear. Enjoy the convenience of being just walking distance from the beach, park, downtown restaurants, shopping, and local amenities. With its numerous updates, generous corner lot, and desirable location, this Balsam Lake home is ready for its next chapter!

213 Pearl Street, Balsam Lake

Listing courtesy of 715 Real Estate.

$120,000

1 Beds ⋅ 1 Baths ⋅ 7158074 MLS

Escape, unwind, and relax- Rural Wisconsin sits different. Make this quality house built to code with insulation under the concrete your own. Finish as you like, this shell house has electricity already brought in giving you a head start on your home or get away property. Beautiful country home ready to be finished. Stick built with 6 inch walls , upgraded windows, electric on site. Vaulted ceilings and bathroom designed for a corner tub.

1280 150th Avenue, Balsam Lake

Listing courtesy of Edina Realty, Inc..

$375,000

4 Beds ⋅ 2 Baths ⋅ 7147283 MLS

Four bedrooms, two bathrooms, a two-car attached garage, 13+ acres, a huge utility barn, and all of this just ½ mile from the White Ash Lake public boat landing! This spacious home on13 acre property offers the room, and possibilities you’ve been looking for. The open acreage would make an ideal pasture for horses, livestock, for a little hobby farm, while the 26' x 65' utility barn provides plenty of space for animals, equipment, toys, or whatever your country-living dreams require. Hunters will appreciate the location, too, with over 2,000 acres of public hunting land just two miles away—enough opportunity to keep any outdoorsman busy and happily chasing the next big one. Whether you’re dreaming of a hobby farm, a place for the family to spread out, a home base for your outdoor adventures, or simply more land and breathing room, this property is ready for someone to come in and make it their own. This property checks a lot of boxes!!!! Drain field is failed and is to be replaced after closing from seller proceeds.

1776 70th Street, Balsam Lake

Listing courtesy of Saphire Realty.

$290,000

1 Beds ⋅ 1 Baths ⋅ 7140561 MLS

Escape the noise and settle into a simpler way of living with this charming, quality-built home or cabin tucked away on 1.16 peaceful acres. Built in 2015 and exceptionally well cared for, this property was constructed with thoughtful attention to quality and detail throughout. Inside, you’ll find easy one-level living featuring quality kitchen cabinetry, a cozy woodstove, and a welcoming sunroom which is the perfect spot to take in the quiet surroundings. Outside, the property offers 276 feet of frontage along White Ash Lake. The frontage is primarily wetland, creating a natural buffer that offers beautiful views, abundant wildlife, and an added sense of privacy. There’s plenty of outdoor space to enjoy, including room for a garden, campfires, or simply relaxing and taking in the peaceful setting. Located in the heart of Polk County lake country, you’ll be surrounded by countless opportunities for fishing, boating, hiking, and year-round recreation. White Ash Lake itself offers public access and is home to panfish, largemouth bass, and northern pike, while numerous other lakes are just a short drive away. Polk County’s roads are open to UTVs for another way to get out and explore the area. Whether you’re looking for a cozy weekend cabin, a low-maintenance year-round home, or your own private escape in northwest Wisconsin, this special little property proves you don’t need a lot of space to have everything you need.

1722 W White Ash Drive, Balsam Lake

Listing courtesy of Edina Realty, Inc..

$74,900

3 Beds ⋅ 2 Baths ⋅ 7137338 MLS

If you've swiped on this one before, maybe it's time to take another look! Nearly new, 2024 home. Spacious 3-bedroom, 2-bath tucked into a quiet cul-de-sac, just blocks from Balsam Lake boat launch, beach and downtown. Tall ceilings, modern features and natural light complement the open-concept living space. Stainless steel appliances and designated laundry area. The private primary suite is larger with a walk-in closet and bath ensuite. Two additional bedrooms and a full bath are thoughtfully located on the opposite side of the home. Boat and camper storage is available within the park. This listing is for the home only, lot rent applies.

113 Tilltag Drive Unit 71, Balsam Lake

Listing courtesy of Real Broker, LLC.

$299,900

2 Beds ⋅ 2 Baths ⋅ 7108668 MLS

Beautifully maintained one-level living with modern updates throughout. This 2007 slab-on-grade twin home offers 1,500 sq ft of thoughtfully designed space on a .235-acre lot, featuring in-floor heat, a new roof in 2025, and an easy, low-maintenance layout perfect for comfort and convenience. The inviting open-concept living area showcases updated finishes and abundant natural light, creating a seamless flow between the kitchen, dining, and living spaces—ideal for everyday living or entertaining. A beautiful stacked-stone gas fireplace anchors the family room, adding warmth, character, and a stunning focal point. This home includes 2 spacious bedrooms and 2 full bathrooms, with a standout primary suite. The master bathroom features a tile floor, double-sink vanity, and a very large walk-in closet offering exceptional storage and organization. The 2-stall garage provides excellent parking and storage, complemented by in-floor heat for year-round comfort. Located a very convenient distance from Balsam Lake, this property offers quick access to local restaurants, shops, and the charming downtown area. Whether you’re seeking a comfortable full-time residence or a cabin retreat to enjoy everything lake life has to offer—boating, dining, relaxing—this home delivers the perfect blend of comfort and convenience. A truly move-in-ready home with modern updates, single-level convenience, and exceptional care throughout.

147 Royal Oak Drive, Balsam Lake

Listing courtesy of Property Executives Realty.

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Balsam Lake Homes under $400,000

Newest Balsam Lake Homes under $400,000

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