Forest Lake Homes under $400,000

Welcome to Forest Lake, Minnesota—a charming city that perfectly blends the tranquility of nature with the vibrancy of community living. Nestled just 30 miles north of the Twin Cities, Forest Lake offers a serene escape from the hustle and bustle while still providing convenient access to urban amenities. Known for its stunning lakes, lush parks, and friendly neighborhoods, this city is a true gem for families, outdoor enthusiasts, and anyone seeking a peaceful lifestyle.

One of the most appealing aspects of Forest Lake is its diverse real estate market, particularly for those looking for homes under $400,000. Here, you'll find a variety of options that cater to different tastes and needs. Whether you’re searching for a cozy single-family home, a charming townhouse, or a spacious split-level, Forest Lake has something for everyone. Many of these homes boast beautiful yards, modern amenities, and proximity to local schools and parks—ideal for families looking to settle down.

Imagine spending weekends exploring the picturesque shores of Forest Lake or enjoying a picnic in one of the many nearby parks. With a vibrant community spirit, a strong sense of belonging, and a wealth of recreational opportunities, Forest Lake is not just a place to live; it’s a place to thrive.

If you’re ready to discover your dream home in this beautiful city, browse our listings today and take the first step toward your new life in Forest Lake!

Newest Forest Lake Homes under $400,000

$185,000

2 Beds ⋅ 1 Baths ⋅ 7160800 MLS

This adorable home would be the perfect VRBO or ABNB. One level living. Great location.

619 2nd Avenue SW, Forest Lake

Listing courtesy of LPT Realty, LLC.

$339,900

4 Beds ⋅ 2 Baths ⋅ 7128597 MLS

Start your morning with views of Forest Lake and end the day gathered around the bonfire in your privately fenced backyard. Set on a dead-end road that ends at the lake, this four-bedroom home offers comfortable spaces for everyday living. Original oak floors add character, while electric in-floor heat brings warmth to the kitchen and dining area. The kitchen features solid-oak Mission-style cabinets, Formica countertops, and an island with room to gather. Two bedrooms on the main floor and two upstairs offer flexibility, with main-floor laundry and a mudroom adding convenience. The upstairs Jack-and-Jill bathroom includes a walk-in shower and separate Jacuzzi tub. Extensive renovations, with most updates completed by 2012, include the upper-level addition, electrical, plumbing, insulation, drywall, windows, siding, and house roof. A two-car detached garage and approximately 780 square feet of unfinished lower-level space provide room for storage and projects. With 1,617 finished square feet, lake views, and a backyard made for relaxing, there is plenty to enjoy at home and nearby.

744 6th Street SE, Forest Lake

Listing courtesy of LaBelle Real Estate Group Inc.

$299,750

4 Beds ⋅ 1 Baths ⋅ 7155015 MLS

Refreshed, remodeled and ready to go in the heart of Forest Lake. This home is well situated within blocks of the lake and downtown, offering preferred walkability to everything Forest Lake has to offer...restaurants, retail, gyms/health clubs, The City Park, BEACH, boat launch, walking trails, and so much more. Two main level bedrooms a remodeled tiled bath, updated kitchen with stainless steel appliances off the dining room and breezeway. Two bedrooms up, with ample storage in the knee walls. The kitchen looks out into the massive fenced in backyard with many mature trees. Basement is wide open, clean with a large tool bench and storage. A breezeway connects the house to the garage, so you don't have to face the elements on your way out the door!

532 W Broadway Avenue, Forest Lake

Listing courtesy of RE/MAX Synergy.

$324,990

3 Beds ⋅ 3 Baths ⋅ 7157120 MLS

This home is under construction and available for a November closing! This brand new two-story townhome combines comfort and convenience with a double-height foyer to welcome residents and guests into the home. Down the hall is a Great Room with an electric fireplace for shared moments, a dining room for memorable meals and a modern kitchen for adventurous cooks. Through sliding glass doors is a patio to provide serene outdoor moments. The upper level is occupied by three restful bedrooms, including the spacious owner’s suite with an attached full-sized bathroom and walk-in closet. Completing the home is a two-car garage with convenient mudroom access.

6185 205th Street N, Forest Lake

Listing courtesy of Lennar Sales Corp.

$350,000

4 Beds ⋅ 2 Baths ⋅ 7155957 MLS

Enjoy lake views and an unbeatable location just steps from downtown Forest Lake! This move-in-ready two-story home sits directly across from a coffee shop and within easy walking distance of local bars, restaurants, and everything downtown has to offer. Shopping, groceries, and quick access to I-35 are just minutes away. Inside, you’ll find 4 bedrooms, 2 bathrooms, fresh paint throughout, and beautifully refinished hardwood floors. With two kitchens, the home offers great flexibility for multi-generational living, roommates, guests, or investment opportunities. Relax and take in views of Forest Lake from the spacious three-season porch. A unique opportunity to enjoy a convenient, walkable location, lake views, and plenty of living space at an affordable price!

467 N Shore Drive, Forest Lake

Listing courtesy of Edina Realty, Inc..

$330,000

3 Beds ⋅ 3 Baths ⋅ 7154454 MLS

Welcome home to this spacious 3-bedroom, 3-bath home offering a great combination of comfort, functionality, and outdoor space in a convenient Forest Lake location. Freshly painted and move-in ready, the home features a bright, inviting floor plan with generous living spaces, a wood-burning fireplace, and convenient main-floor laundry. The spacious primary suite offers a private bath and plenty of room to unwind. Outside, enjoy a large, fully fenced backyard with an expansive deck, fire pit area, and storage shed—an ideal setup for entertaining, pets, play, or simply enjoying Minnesota summers. An attached 2-car garage adds everyday convenience and additional storage. Located close to Forest Lake, parks, shopping, restaurants, and commuter routes, this home offers the space you're looking for with easy access to everything the area has to offer. Move right in and make it your own!

23895 Granada Avenue N, Forest Lake

Listing courtesy of RE/MAX Results.

$342,990

3 Beds ⋅ 3 Baths ⋅ 7154064 MLS

This home is under construction and will be move-in ready in November! This elegant two-story townhome welcomes you with an inviting open-concept first floor that is perfect for entertaining and everyday life. Step inside this end unit to a bright Great Room featuring an electric fireplace, seamlessly connected to a charming dining space and a modern kitchen lined with sleek stainless steel appliances. Just past the kitchen, glass sliding doors reveal a private patio ideal for al fresco dining or relaxing after a busy day. Upstairs, discover two spacious secondary bedrooms and a luxurious owner’s suite complete with a full-sized private bathroom and a generous walk-in closet for ultimate comfort. Convenience is at your fingertips with a mudroom connected to your own two-car garage, providing plenty of room for storage and easy access. With its low-maintenance layout, thoughtful finishes and sought-after amenities, homes like this don’t stay available for long—act now before it’s gone! Forest Lake offers a charming small-town feel with a well-regarded school district, numerous parks, lakes and recreational activities. Less than five miles northwest is Target, Walmart, Aldi, a handful of restaurants and retail spaces. Residents enjoy easy access to Highway 61 and I-35 makes travel a breeze.

6179 205th Street N, Forest Lake

Listing courtesy of Lennar Sales Corp.

$315,000

3 Beds ⋅ 3 Baths ⋅ 7152266 MLS

No foreclosure or short sale here. Wonderfully maintained 3 BR on one level, 3 bath home. Open floor plan concept, vaulted ceilings, large kitchen with nice informal eat in area. Nice end unit, with walk-out patio.

4817 200th Street N, Forest Lake

Listing courtesy of Keller Williams Realty Integrity Lakes.

$234,900

2 Beds ⋅ 2 Baths ⋅ 7067910 MLS

Looking for an end-unit townhome in Forest Lake with natural light, comfortable living spaces and a convenient two-level layout? Offered for sale by the original owner, this 2003-built, 2-bedroom, 2-bathroom townhome is located at the end of an 8-unit building and enjoys desirable southern and western exposure. The main level features warm acacia wood flooring, a gas-burning fireplace and easy access to a private patio, creating an inviting space for relaxing or entertaining. Upstairs, an additional loft or hangout area provides flexible space for a home office, reading nook or second living area. Both bedrooms are located upstairs along with conveniently placed laundry. The primary bedroom offers a walk-in closet and easy bathroom access. Updates include a 2022 furnace and refrigerator, 2024 washer and dryer, 2026 stove, 2017 air conditioner and water heater, and 2011 microwave. When all the mechanicals have been updated for you then all that is left is the fun part; cleaning and cosmetics... Lets face it, your version of clean is not the same as another persons version of clean! A wonderful opportunity for low-maintenance townhome living in Forest Lake, Minnesota.

21195 N Clydesdale Curve, Forest Lake

Listing courtesy of LaBelle Real Estate Group Inc.

$375,900

3 Beds ⋅ 2 Baths ⋅ 7148872 MLS

Welcome to this lovely well maintained home. Nice sized foyer with access to three car garage. The eat in kitchen offers SS appliance, an island and plenty of counter space. Spacious living/dining room walks out to deck and private back yard. Primary suite is spacious and offers a private deck, Walk in closet and roll in shower. Two additional bedrooms and a full bath. Room to expand with a roughed in lower level, instant equity. Water softener, furnace 2024. Designed for accessible living, this home features thoughtful modifications, including a private outdoor elevator providing easy access to the second floor and an indoor chairlift for seamless navigation between levels.

7596 216th Street N, Forest Lake

Listing courtesy of LaBelle Real Estate Group Inc.

$284,000

3 Beds ⋅ 2 Baths ⋅ 7149173 MLS

Welcome to 22413 Evergreen Cir, a beautifully refreshed townhome offering modern comfort in a highly desirable neighborhood surrounded by single-family homes. Recent updates include new flooring throughout, new kitchen appliances, updated countertops, modern light fixtures, and a new washer and dryer, giving the home a clean, contemporary feel from top to bottom. The layout provides easy, low-maintenance living with a well-run HOA that takes care of the details. Enjoy close proximity to city parks, local amenities, and quick access to I-35W, making daily commutes and weekend plans effortless. A move-in-ready home in a fantastic location—perfect for anyone seeking convenience, updates, and a great neighborhood setting.

22413 Evergreen Circle, Forest Lake

Listing courtesy of LPT Realty, LLC..

$374,900

3 Beds ⋅ 2 Baths ⋅ 7145772 MLS

Discover the perfect blend of comfort, character, and nature in this inviting one-level home with a finished lower level and versatile living spaces! Step inside to a spacious living room featuring vaulted ceilings, a cozy gas fireplace, and French doors opening to an expansive screened-in three-season porch—your own peaceful escape overlooking a scenic backyard alive with wildlife! Enjoy sightings of deer, foxes, wild turkeys, hummingbirds, and more, all from the comfort of your own home. The main level offers two bedrooms, a dining room, a convenient kitchen breakfast area, and a full bathroom featuring a new shower surround (2026), flooring, fixtures, and modern lighting with customizable colors and music-sync capability. The finished lower level delivers incredible flexibility with a third bedroom featuring private exterior access, a ¾ bathroom with a tiled walk-in shower, and an additional non-conforming bedroom with a closet—ideal for a home office, hobby room, fitness space, or guests. Recent improvements updated flooring, new white paneled doors, and trim, with final paint touches for paint in non-conforming bedroom. Outdoor living continues with a concrete patio beneath the three-season porch, charming brick walkway and driveway accents, and a breezeway connecting to the heated and insulated garage. New roof, owned water softener, sump pump with battery backup (2025), and dimmer switches throughout. Whether you're enjoying quiet mornings surrounded by nature, entertaining on the screened porch, or making the flexible spaces your own, this property offers an opportunity to create something truly special.

7611 229th Street N, Forest Lake

Listing courtesy of Keller Williams Integrity NW.

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