Prior Lake Homes under $400,000

**Discover the Charm of Prior Lake, MN: Your Dream Home Awaits!**

Nestled in the heart of Scott County, Prior Lake, Minnesota, is a picturesque city that seamlessly blends small-town charm with modern conveniences. Known for its stunning lakes, vibrant parks, and friendly community, Prior Lake is the perfect place to call home. With its rich history, diverse recreational opportunities, and excellent schools, this city offers a lifestyle that appeals to families, retirees, and young professionals alike.

One of the standout features of Prior Lake is its namesake, the beautiful Prior Lake itself, which provides a wealth of opportunities for outdoor enthusiasts. Whether you enjoy boating, fishing, or simply taking a leisurely stroll along the scenic shores, this idyllic setting offers something for everyone. The city also boasts numerous parks and trails, making it easy to stay active and enjoy the great outdoors.

For those seeking affordable living options, Prior Lake has a variety of homes available under $400,000. From charming single-family residences to cozy townhomes, there’s a diverse selection to suit different tastes and budgets. These homes often feature modern amenities, spacious layouts, and lovely outdoor spaces, allowing you to enjoy the comfort and convenience of suburban living without breaking the bank.

With its welcoming atmosphere and strong sense of community, Prior Lake is not just a place to live but a place to thrive. Explore the possibilities and find your perfect home in this delightful Minnesota city—where your dream lifestyle awaits!

Newest Prior Lake Homes under $400,000

$388,000

5 Beds ⋅ 3 Baths ⋅ 7156727 MLS

INCREDIBLE BUYER INCENTIVES: $6,000 MORTGAGE CONCESSION. Opendoor Home Loans will contribute up to $6,000 towards a permanent interest rate buy-down if you finance with Opendoor Home Loans LLC. 16276 Franklin Cir SE is a split-level Prior Lake home with five bedrooms and three bathrooms. The kitchen has white cabinetry, a sink beneath the window, and a range, refrigerator and dishwasher in place. A separate dining area sits beside the main living room, with broad windows along the front of the home. The upper-level primary bedroom has an adjoining bathroom with a glass-enclosed shower. On the lower level, a second living area has a fireplace and sliding doors to the rear patio. Additional bedrooms, a laundry room, a backyard bordered by trees and an attached two-car garage complete the layout. Included 100-Day Home Warranty with buyer activation

16276 Franklin Circle SE, Prior Lake

Listing courtesy of Opendoor Brokerage, LLC.

$290,000

2 Beds ⋅ 2 Baths ⋅ 7149532 MLS

Charming single-level home in the popular Deerfield neighborhood, offering one-level living at its best. Enjoy a welcoming front patio and a private rear patio, both ideal for displaying potted plants. The spacious kitchen includes an eat-in dining area. The open concept from the informal dining area that flows into the living room and south-facing sunroom, with open views of green space. The large owner’s suite features a private primary bathroom and a spacious walk-in closet. The versatile second bedroom is currently used as an office. Additional in-unit storage includes a large walk-in closet. Updates include a new water heater in 2024, furnace and air conditioning in 2022, and roof in 2021. A quality water treatment system is also included.

17471 Deerfield Drive SE, Prior Lake

Listing courtesy of RE/MAX Preferred.

16520 Tranquility Court SE Unit 303, Prior Lake

$225,000

2 Beds ⋅ 2 Baths ⋅ 7156043 MLS

Prime location. Top floor corner unit facing the park. One of the best spots in the building. Fresh paint, new carpet and professionally cleaned. Washer and dryer in unit. Ready for quick move in.

16520 Tranquility Court SE Unit 303, Prior Lake

Listing courtesy of RES Realty.

$325,000

2 Beds ⋅ 2 Baths ⋅ 7154560 MLS

Large one level townhouse! Big owners suite with bath and walk-in closet. Private patio off of the sun room. Living room is huge and has a gas fireplace. Seller has replaced the flooring and all the appliances and HVAC since moving in. Quick close possible!

17254 Marshfield Lane SE, Prior Lake

Listing courtesy of Coldwell Banker Realty - Southwest Regional.

$375,000

3 Beds ⋅ 3 Baths ⋅ 7144643 MLS

15469 Fish Point Road - tons of character and updates throughout! The kitchen features stainless steel appliances, painted cabinetry, subway tile and butcher block countertops. All 3 bedrooms are upstairs and feature a unique bath combination for multiple users. The finished lower level adds another living space, an updated bathroom, laundry, and a cedar sauna. Outside you have a large deck, a wooded backyard, established gardens, boulder landscaping and a fire pit. Cedar siding. Brick accents. Vaulted ceilings. Maple hardwood floors. A full height bay window. Wood detailing. Mature trees. 3 Bedrooms | 2.5 Bathrooms | 2+ Car Garage + Additional Parking on large concrete driveway. All centrally located in Prior Lake, near paths, schools, shopping, and commute routes.

15469 Fish Point Road SE, Prior Lake

Listing courtesy of RE/MAX Preferred.

$349,900

3 Beds ⋅ 2 Baths ⋅ 7153884 MLS

Charming 3BD/2BA rambler set on a spacious half-acre lot in Prior Lake! This well-maintained home offers two bedrooms on the main level plus a third down, giving you flexible living options for family, guests, or a home office. The open kitchen flows into a comfortable living area, while a cozy knotty-pine sunroom adds warmth and character, perfect for morning coffee or unwinding after a long day. Downstairs, the finished lower level includes an updated bathroom and a versatile flex room ready to become a home gym, office, or playroom. Outside, enjoy an expansive backyard with a patio for entertaining, an attached 2-car garage, and a large storage shed offering extra room for tools, toys, or hobbies. With privacy, space, and flexibility throughout, this is a rare find. Move-in ready and waiting for you!

17181 Panama Avenue, Prior Lake

Listing courtesy of Coldwell Banker Realty.

$389,900

4 Beds ⋅ 3 Baths ⋅ 7152466 MLS

Beautifully updated 4 bedroom END UNIT townhome in the heart of Prior Lake. All the major appliances and mechanicals have been updated for you. This townhome has soaring 2 story vaulted ceilings in the great room, with an open floorplan that includes your informal dining room, kitchen and deck areas all on the main level. The upper level has three large bedrooms, a spacious primary suite with a gorgeous updated en suite bathroom, another updated full bath and loft. The lower level walks out to a private patio and has another family room, bedroom, storage area and is roughed in for an additional bath. You will enjoy close proximity to downtown shopping and restaurants, The Wilds Golf Club, Mystic Lake Casino, and walking paths to Spring Lake Regional Park and Three Rivers Park. Wonderful cul-de-sac location on a quiet street within Glynwater West.

15567 Brookside Lane NW, Prior Lake

Listing courtesy of Re/Max Advantage Plus.

$379,900

3 Beds ⋅ 2 Baths ⋅ 7152016 MLS

A double lot, three garage spaces, and Prior Lake within walking distance. At 16282 West Avenue SE, mature trees shade a generous yard with fruit trees, grapevines, and room to garden or entertain. A one-car attached garage handles everyday parking, while the heated 24-by-26-foot detached garage offers space for a workshop, vehicles, or a space to store all of your toys. An outdoor shed adds room for tools, and storage on both the upper and lower levels helps keep everything else organized. Inside, a bright living room leads to a dining area with glass-front corner built-ins. The kitchen offers ample cabinetry and opens to a backyard patio, while the lower-level recreation room has a bar area and space to entertain. Spend the day in the garden or workshop, then head out on foot to Prior Lake, Lakefront Park, or nearby dining and entertainment. This well-maintained home gives you room to enjoy both what’s at home and what’s just down the street.

16282 West Avenue SE, Prior Lake

Listing courtesy of RE/MAX Results.

$379,900

3 Beds ⋅ 2 Baths ⋅ 7150399 MLS

*****Seller is offering $8,000 toward Buyer’s closing costs, subject to lender approval, plus a one-year home warranty.***** Welcome to a home full of warmth, character, and easy one-level living! This custom-built, three-bedroom, two-bath rambler offers a versatile layout with vaulted, wood-beamed ceilings and a striking two-sided Chicago brick gas fireplace that brings a cozy feel to the living spaces. The open living and dining area makes gathering easy, while the inviting hearth room off the kitchen offers space for dining, relaxing, or a second sitting area. The kitchen features brushed granite countertops, appliances and a garbage disposal updated in 2023, and generous cabinet storage. A wall of east-facing windows, a long built-in bench, and access to the patio create a welcoming connection to the outdoors. Enjoy the spacious, fenced backyard backing to green space, with room to garden, gather around the firepit, or simply unwind. Thoughtful improvements include a natural gas boiler installed in 2021, a water heater replaced in December 2021, updated flooring in the living room and back bedroom, front picture and kitchen windows replaced in September 2025, a new chimney in 2024, and a new shed in 2025. A water softener was installed in 2026, and a mini-split is planned for the third bedroom before closing. Main-level laundry and an oversized two-car garage add everyday convenience. With its distinctive character and comfortable spaces, this Prior Lake home is a lovely alternative to townhome living!

16497 Franklin Trail SE, Prior Lake

Listing courtesy of RE/MAX Advantage Plus.

$325,000

4 Beds ⋅ 3 Baths ⋅ 7150635 MLS

7510 Hampton Lane, Prior Lake

Listing courtesy of USA Dream Home Realty Inc.

$325,000

3 Beds ⋅ 3 Baths ⋅ 7140945 MLS

Super clean and easy to show, spacious and updated 3BR townhome with soaring ceilings, deck with views of wooded lot. Luxury vinyl plank flooring in foyer, kitchen, dining and living rooms. Silouette blinds on large custom living room window. Dining has patio door to deck for morning coffee or grilling with friends. Center island has raised counter for barstool seating. Stainless steel appliances and great counter space. Upper bedrooms with new carpet, primary BR with private 3/4 bath and walk-in closet. Upper level also has full bath. Lower level with BR, 3/4 bath and family room with a walk-out patio door. Quiet area, great highway access, close to schools and shopping. Don't miss this one!

14252 Parkview Lane NW, Prior Lake

Listing courtesy of RE/MAX Preferred.

$374,900

3 Beds ⋅ 1 Baths ⋅ 7147057 MLS

Incredible location just steps from Lower Prior Lake with deeded lake access! This updated 3-bedroom, 1-bath rambler offers comfortable one-level living in a setting that's hard to beat. Hardwood floors flow throughout the kitchen and living room, while all three bedrooms feature new carpet. The updated kitchen includes a new backsplash and an oversized window above the sink that fills the space with natural light. Step outside to enjoy the private backyard surrounded by mature trees, a spacious deck with a built-in grill, and the added privacy of backing to Heatherton Ridge Park. Ideally located near both Lower and Upper Prior Lake, with easy access to miles of trails, parks, shopping, dining, and more. A wonderful opportunity to enjoy the Prior Lake lifestyle with lake access right outside your door!

14393 Watersedge Trail NE, Prior Lake

Listing courtesy of Re/Max Advantage Plus.

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