Lake Elmo Homes under $400,000

Welcome to Lake Elmo, Minnesota—a charming city nestled in Washington County, where picturesque landscapes meet a vibrant community spirit. Known for its serene lakes, lush parks, and friendly neighborhoods, Lake Elmo offers a perfect blend of suburban tranquility and easy access to the bustling Twin Cities. Just a short drive away from St. Paul and Minneapolis, residents enjoy the best of both worlds—peaceful living with urban conveniences right at their fingertips.

For homebuyers seeking affordability without compromising on quality, Lake Elmo presents an exciting opportunity. With a variety of homes available under $400,000, this area is ideal for first-time buyers, families, and anyone looking to invest in a welcoming community. From charming single-family homes to modern townhouses, there’s something for everyone. Many properties feature spacious yards, open floor plans, and contemporary amenities, making them perfect for both relaxation and entertaining.

Lake Elmo is rich in recreational options, boasting numerous parks, trails, and lakes for outdoor enthusiasts. Whether you enjoy hiking, fishing, or simply taking in the beautiful Minnesota scenery, you'll find plenty of ways to stay active and engaged. The community hosts various events throughout the year, fostering a strong sense of camaraderie among residents.

In Lake Elmo, you’re not just buying a home; you’re investing in a lifestyle filled with warmth, nature, and community spirit. Explore the available homes under $400,000 and discover why so many are choosing to call this enchanting city their home!

Newest Lake Elmo Homes under $400,000

$360,000

3 Beds ⋅ 3 Baths ⋅ 7152675 MLS

Exceptional End-Unit Townhome with Privacy, Natural Light & Premium Features! Enjoy one of the most private locations in the complex! This unique end unit sits at the end of the row, farthest from the street, and backs to a large green space—offering exceptional privacy and a peaceful setting. The thoughtfully designed open floor plan creates a spacious, welcoming feel. The gorgeous kitchen features stainless steel appliances, a gas range, quartz countertops, center island, tile backsplash, and abundant white cabinetry for plenty of storage and workspace. The generous dining area easily accommodates a variety of table sizes, while luxury vinyl flooring throughout the main level provides both style and easy maintenance. The inviting living room features a cozy gas fireplace and walkout access to the patio, perfect for relaxing or entertaining. A convenient half bath completes the main level. South- and west-facing exposure fills the home with natural light throughout the day. Numerous windows feature custom blinds, and two storm doors provide excellent airflow throughout the home. Upstairs, a spacious loft offers flexible living space ideal for a family room, home office, or reading area. Three generously sized bedrooms are located on the third level, including a large primary suite with a 3/4 bath featuring a spacious dual-sink vanity and oversized walk-in closet. The second bedroom also includes a walk-in closet. Convenient upper-level laundry is located near all three bedrooms. Located in a highly desirable Lake Elmo/Woodbury area with easy access to freeways, shopping, dining, and recreation. Just minutes from Lake Elmo Park Reserve! Plenty or outdoor green space with large grassy area between the homes and neighborhood playground just right down the street. Private setting, abundant natural light, flexible living space, and an unbeatable location—this home has it all.

9799 5th Street Lane N, Lake Elmo

Listing courtesy of RE/MAX Results.

$395,000

3 Beds ⋅ 3 Baths ⋅ 7148362 MLS

Beautifully upgraded Ashton townhome offering a bright, open floor plan with stylish, on-trend finishes throughout. The expansive kitchen is truly the heart of the home, featuring enameled cabinetry and trim, quartz countertops, an oversized center island, stainless steel appliances, tile backsplash, and a convenient trash pullout. Luxury vinyl plank flooring flows throughout the main living areas, creating a seamless transition to the inviting great room with gas fireplace and the light-filled sunroom—perfect for additional living or entertaining space. Thoughtful details include black plumbing fixtures and hardware, two-panel doors, knockdown ceilings, window treatments, gutters and a water softener. Step outside to a nice-sized yard and patio for outdoor enjoyment. Upstairs, the spacious primary suite features a private bath with double-sink vanity and a generous walk-in closet. Two additional bedrooms, a full bath with added linen cabinetry, and convenient upper-level laundry complete the second floor. Ideally located near shopping, trails and everyday conveniences, plus access to a private community dog park. Beautifully finished, thoughtfully upgraded and truly move-in ready!

9516 4th Street N, Lake Elmo

Listing courtesy of Keller Williams Premier Realty.

$99,900

3 Beds ⋅ 2 Baths ⋅ 7143109 MLS

Welcome to this updated 2018-built manufactured home offering 3 bedrooms, 2 full bathrooms, and a bright, open-concept floor plan designed for comfortable everyday living and entertaining. The remodeled kitchen is a standout feature, showcasing a spacious granite countertop island that provides additional prep space, seating, and a natural gathering point within the home. Recent updates, including newer laundry appliances, add convenience and make this home worth a closer look. The community offers a variety of amenities, including a swimming pool, playground, basketball court, golf course, and a community youth center with daycare services. With a functional layout, modern kitchen updates, and access to numerous community amenities, this home offers a great combination of space, comfort, and convenience. Schedule your showing and come see everything this home has to offer!

327 Cimarron, Lake Elmo

Listing courtesy of Pemberton RE.

$350,000

3 Beds ⋅ 3 Baths ⋅ 7146903 MLS

END UNIT • 3 BEDROOMS + LOFT • 3 BATHS • 2-CAR GARAGE • BUILT 2016 IN PRIME LAKE ELMO LOCATION! Bright and open main floor layout, featuring a large kitchen center island, quartz countertops, stainless steel appliances, and a cozy living room fireplace. Love the home but prefer a brighter kitchen? Be sure to view the Virtual Renovation photo showing how the kitchen could look with painted white cabinetry and a sage-green center island. A nearly identical unit just sold for $370,000-an excellent comparison with this home now offered at $350,000. The upper level boasts 3 large bedrooms plus a generous, flexible loft space. The primary suite has a private 3/4 bath, dual-sink vanity, and large walk-in closet. The 14x11 2nd bedroom also includes a walk-in closet. Grill out and relax on the patio right off the kitchen. Unbeatable location just minutes from shopping, dining, and easy I-94 access for a quick commute. Move-in ready and waiting for its next owner!

9757 5th Street Lane N, Lake Elmo

Listing courtesy of Real Broker, LLC.

$400,000

3 Beds ⋅ 3 Baths ⋅ 7144590 MLS

Beautiful 2021-built end-unit townhome in sought-after Lake Elmo, featuring the highly desirable Ashton floor plan! The stunning kitchen is the heart of the home, offering abundant cabinetry and counter space, an oversized center island, and custom lighting. The sun-filled dining area features stylish lighting and flows seamlessly into the spacious living room, complete with a cozy gas fireplace. The main level also offers a convenient mudroom off the attached two-car garage, a welcoming entryway filled with natural light, and a desirable half bath for guests. Upstairs, the luxurious primary suite features an upgraded private bath with tile flooring, tiled shower walls, glass shower doors, and a large walk-in closet. Two additional bedrooms-each with its own walk-in closet-provided flexible living space, with one currently being used as a pocket office. A full bathroom and convenient upper-level laundry complete the second floor. Outside, enjoy a premium lot with expansive backyard green space and an ideal location directly across from the neighborhood dog park. A wonderful combination of modern design, thoughtful upgrades, abundant storage, and an exceptional location!

9653 4th Street Lane N, Lake Elmo

Listing courtesy of RE/MAX Results.

8760 Island Trail Echo N Unit D, Lake Elmo

$393,310

3 Beds ⋅ 3 Baths ⋅ 7143524 MLS

Conventional 5.875%/6.208% APR or FHA/VA 5.25%/5.891% APR if closing by December 2023 with sellers preferred lender. Call for further details. Welcome to the beautifully designed Athens II plan at 8760 Island Trail Echo North Unit C . This stunning 3-bedroom, 2.5-bathroom townhome showcases 1898 square feet of expertly crafted living space across 3 stories, highlighting the exceptional features and finishes available in this community. Step inside to explore a thoughtfully designed open floorplan that seamlessly connects the living spaces. The kitchen is the heart of this model home, boasting an expansive island, ample storage, and contemporary finishes that inspire culinary creativity. It's an ideal setting for entertaining or daily living. Upstairs, the owner’s suite offers a luxurious retreat, complete with a spacious en-suite bathroom featuring a dual-sink vanity that combines style and functionality. Located in the desirable city of Lake Elmo with an amazing location right off Highway I-94 conveniently located to nearby dining, shopping, golf, entertainment, and more.

8760 Island Trail Echo N Unit D, Lake Elmo

Listing courtesy of M/I Homes.

8780 Island Trail Echo N Unit B, Lake Elmo

$396,135

3 Beds ⋅ 3 Baths ⋅ 7143509 MLS

Conventional 5.875%/6.208% APR or FHA/VA 5.25%/5.891% APR if closing by December 2023 with sellers preferred lender. Call for further details. Welcome to the beautifully designed Athens II plan at 8760 Island Trail Echo North Unit B . This stunning 3-bedroom, 2.5-bathroom townhome showcases 1898 square feet of expertly crafted living space across 3 stories, highlighting the exceptional features and finishes available in this community. Step inside to explore a thoughtfully designed open floorplan that seamlessly connects the living spaces. The kitchen is the heart of this model home, boasting an expansive island, ample storage, and contemporary finishes that inspire culinary creativity. It's an ideal setting for entertaining or daily living. Upstairs, the owner’s suite offers a luxurious retreat, complete with a spacious en-suite bathroom featuring a dual-sink vanity that combines style and functionality. Located in the desirable city of Lake Elmo with an amazing location right off Highway I-94 conveniently located to nearby dining, shopping, golf, entertainment, and more.

8780 Island Trail Echo N Unit B, Lake Elmo

Listing courtesy of M/I Homes.

8780 Island Trail Echo N Unit C, Lake Elmo

$398,434

3 Beds ⋅ 3 Baths ⋅ 7141726 MLS

Conventional 5.50%/5.659% APR or FHA/VA 4.875%/5.639% APR if closing by October 29th with sellers preferred lender. Call for further details. Welcome to the beautifully designed Athens II plan at 8760 Island Trail Echo North Unit C . This stunning 3-bedroom, 2.5-bathroom townhome showcases 1898 square feet of expertly crafted living space across 3 stories, highlighting the exceptional features and finishes available in this community. Step inside to explore a thoughtfully designed open floorplan that seamlessly connects the living spaces. The kitchen is the heart of this model home, boasting an expansive island, ample storage, and contemporary finishes that inspire culinary creativity. It's an ideal setting for entertaining or daily living. Upstairs, the owner’s suite offers a luxurious retreat, complete with a spacious en-suite bathroom featuring a dual-sink vanity that combines style and functionality. Located in the desirable city of Lake Elmo with an amazing location right off Highway I-94 conveniently located to nearby dining, shopping, golf, entertainment, and more.

8780 Island Trail Echo N Unit C, Lake Elmo

Listing courtesy of M/I Homes.

$399,900

3 Beds ⋅ 3 Baths ⋅ 7126299 MLS

Welcome home! This stunning Lake Elmo townhome offers premium, like-new living. The main floor features a spacious kitchen with a large center island, premium 42-inch white maple cabinets, custom backsplash, quartz countertops, and stainless-steel appliances. This space flows seamlessly into a bright dining area with a walkout to the private patio, as well as a cozy family room with a gas fireplace. The upper-level offers three bedrooms on one level—all featuring walk-in closets—including a luxurious primary suite complete with a custom upgraded en-suite bath. You will love the convenience of a dedicated upper-level laundry room. Great location! Enjoy living in a quiet community, while being minutes from the 2,165-acre Lake Elmo Park Reserve, and just ten minutes from retail shops, dining, and entertainment in Woodbury, Oakdale, and historic Stillwater. Commuters will love being only 15 minutes from Downtown St. Paul and 30 minutes from Downtown Minneapolis. The home also boasts access to the Stillwater School District, consistently ranked in the top 10% statewide.

9729 4th Street N, Lake Elmo

Listing courtesy of eXp Realty.

$399,000

3 Beds ⋅ 1 Baths ⋅ 7117092 MLS

1/2 ACRE WOODED LOT ACCENTED BI-LEVEL HOME. ENJOY SUMMER BREEZES FROM THE CEDAR , 3 bedrooms on one level.

8914 37th Street N, Lake Elmo

Listing courtesy of RES Realty.

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