Waterville Homes under $400,000

Welcome to Waterville, Minnesota – a charming city nestled in the heart of Le Sueur County, where small-town warmth meets the beauty of nature. Known for its picturesque landscapes and friendly community, Waterville offers a tranquil lifestyle just a stone’s throw away from the bustling Twin Cities. With its serene lakes, lush parks, and vibrant local culture, it’s no wonder that families and individuals alike are drawn to this delightful area.

Waterville boasts a rich history and a close-knit community spirit, making it an ideal place for those seeking a peaceful yet engaging environment. Residents enjoy a variety of outdoor activities, from fishing and boating on the scenic Lake Tetonka to exploring the numerous hiking trails that wind through the surrounding countryside. The city is also home to several annual events that bring neighbors together, fostering a strong sense of belonging.

For homebuyers looking for affordability without compromising on quality, Waterville is a hidden gem. The real estate market features a variety of charming homes priced under $400,000, offering a range of options from cozy single-family residences to spacious multi-level homes. These properties often come with beautiful yards and easy access to local amenities, making them perfect for families, retirees, and first-time buyers.

With its affordable housing, welcoming community, and stunning natural surroundings, Waterville, MN, is not just a place to live; it’s a place to thrive. Come explore the possibilities and discover your dream home in this vibrant city!

Newest Waterville Homes under $400,000

$180,000

2 Beds ⋅ 1 Baths ⋅ 7148949 MLS

Welcome to this 2-bedroom, 1-bath home offers the ease of main-level living with a bright, inviting layout. The kitchen features ample cabinetry, generous counter space, stainless steel appliances, and a walk-in pantry, with an open connection to the dining and living areas. Main-floor laundry adds everyday convenience. An attached garage provides parking and additional storage, while the unfinished basement offers even more room for storage or future possibilities. Outside, enjoy a spacious yard with room to garden, play, or relax. Come explore all this Waterville home has to offer!

316 Paquin Street W, Waterville

Listing courtesy of eXp Realty.

$384,900

2 Beds ⋅ 1 Baths ⋅ 7151446 MLS

Welcome to lakeside living on beautiful Lake Tetonka in Waterville! This charming, move-in-ready cabin is being sold fully furnished, including a dock and pontoon lift. Thoughtfully updated while maintaining its cozy cabin feel, the main level features 2 bedrooms, a spacious living area, and an updated kitchen with new flooring and a center island—perfect for gathering with family and friends or preparing a meal after a day on the water. Outside, enjoy the maintenance-free spacious deck featuring low-voltage lighting, creating the perfect spot to relax and enjoy those warm summer evenings, plus 60 ft of lakeshore. After a swim, rinse off in the convenient outdoor shower before heading back to the lakefront. Whether you're looking for a weekend retreat, a summer getaway, or a place to simply slow down and enjoy lake life, this Lake Tetonka cabin is ready to welcome you home!

17075 Dickenson Lane, Waterville

Listing courtesy of RE/MAX Dynamic Agents.

$210,000

1 Beds ⋅ 1 Baths ⋅ 7150784 MLS

Lake Tetonka takes center stage at this Waterville property, where a wooded waterfront setting gives you a quiet place to enjoy lake life from morning to night. Inside, knotty pine throughout adds warm cabin character, while the living room captures beautiful views of the water. Step out onto the front deck for another spot to take in the lake, relax outdoors, or spend time with friends and family. Down at the water’s edge, the boathouse provides convenient storage for lake gear, with an unfinished upper level offering additional possibilities for future use. Whether you’re looking for a year-round home, weekend getaway, or classic Minnesota cabin, this property offers a peaceful place to enjoy life along the water.

16636 Shady Oak Lane, Waterville

Listing courtesy of Kris Lindahl Real Estate.

$114,000

3 Beds ⋅ 1 Baths ⋅ 7145699 MLS

Incredible opportunity awaits! Priced well below market ready for an investor or those looking to build sweat equity. Great original hardwood floors and an oversized 2-car garage. Just blocks from both Lake Tetonka and Sakatah Lake, you'll have easy access to boating, fishing, and swimming all summer, plus the scenic Sakatah Singing Hills State Trail nearby for biking and hiking. Waterville's charming downtown — self-proclaimed "Bullhead Capital of the World" and home to the annual Bullhead Days festival — offers local shops, dining, and small-town community charm, all within an easy commute of Mankato and Faribault via Highway 60 and I-35. Bring your vision and your tool belt: this is a rare chance to create serious value in a desirable lake town at a price that won't last.

315 Hoosac Street E, Waterville

Listing courtesy of RE/MAX Results.

$319,900

4 Beds ⋅ 2 Baths ⋅ 7143944 MLS

517 1st Street S, Waterville

Listing courtesy of BH Realty Group.

$329,900

2 Beds ⋅ 1 Baths ⋅ 7142086 MLS

Stunning lake views on the North shore of Sakatah Lake! This 2 bedroom is absolutely charming, plus all the remodel work has been done for you: new sheetrock & paint, flooring, refrigerator, gas range, on-demand water heater, 3/4 bath. A gas fireplace and mini-split were added as well...and best of all, it's turnkey & ready for immediate possession. Aluminum dock and boatlift with canopy can stay, along with most of the household furnishings. Vinyl siding, garage & shed for storage make exterior maintenance a breeze. Besides lake activities, you're close to Sakatah State Park and Trail for biking, walking, snowmobiling-owners have used home in the winter. Start making your best memories here.

13899 Sakatah Lake Road, Waterville

Listing courtesy of Century 21 Atwood.

$329,900

3 Beds ⋅ 2 Baths ⋅ 7128181 MLS

Welcome to 618 N 1st Street in Waterville! Situated on an impressive 2.32-acre lot right in town, this 3-bedroom, 2-bathroom home offers 1,336 finished square feet, plenty of space, and the charm of peaceful small-town living. Inside, you'll find a large kitchen and dining room combination with plenty of room for cooking, gathering, and entertaining. The relaxing screened-in porch is the perfect spot to enjoy your morning coffee, unwind at the end of the day, or simply enjoy the outdoors. The basement offers additional potential to make the space your own, including an egress window for a possible future bedroom. Create additional living space, a home office, hobby area, or whatever best fits your needs. Outside is where this property really stands out. With 2.32 acres in town, there's plenty of room to enjoy the property, while a 2-stall attached garage and separate single-stall shop at the rear provide additional space for vehicles, storage, hobbies, or projects. Offering space, versatility, and small-town living, 618 N 1st Street is ready for its next owners. Schedule your private showing today!

618 1st Street N, Waterville

Listing courtesy of Realty Executives Associates.

$160,000

2 Beds ⋅ 2 Baths ⋅ 7126822 MLS

This charming 2-bedroom, 2-bathroom home offers comfortable living with a spacious one-third acre yard! Perfect for first-time buyers or downsizers, it combines a smart floor plan with a massive outdoor space. Enjoy a private, expansive backyard that is ideal for gardening, pets, and entertaining.

220 Green Street W, Waterville

Listing courtesy of Julie Prochaska Realty.

$119,900

3 Beds ⋅ 1 Baths ⋅ 7125484 MLS

This 2-bedroom home is packed with potential and ready for your finishing touches. The spacious kitchen offers plenty of counter space! Bathroom has been recently updated. A second main-level bathroom is partially finished and ready to complete. The 21x15 shop off the back of the garage features a concrete floor and electrical—perfect for projects, hobbies, or extra storage. Enjoy a flat, private lot with a storage shed, all conveniently located right in town. Bring your ideas and unlock the potential!

215 Buchannon Street N, Waterville

Listing courtesy of Epique Realty.

$269,900

3 Beds ⋅ 2 Baths ⋅ 7120977 MLS

Well-maintained and move-in ready, this beautiful home features new flooring, new water heater and water softener, a bright and clean interior, and stunning landscaping that creates wonderful curb appeal. Enjoy peaceful lake views from the property and a spacious outdoor setting that's perfect for relaxing or entertaining. Situated on higher ground, this home did not experience flooding during previous area flood events, offering added peace of mind. With its attractive updates, inviting living spaces, and scenic surroundings, this home offers a comfortable lifestyle in a beautiful location.

721 1st Street N, Waterville

Listing courtesy of eXp Realty.

$285,000

3 Beds ⋅ 1 Baths ⋅ 7119354 MLS

Charming, well-maintained home on 3/4 acre lot! This home sits on a nice corner lot in town and features main floor bedroom, full bath, kitchen/dining room, cozy living room plus 2 additional bedrooms upstairs. There is a large 30x28 heated detached garage! Loads of nice updates including furnace in 2020, roof in 2021 and so much more!

828 Clinton Street E, Waterville

Listing courtesy of Realty Executives Associates.

$299,900

4 Beds ⋅ 4 Baths ⋅ 7103586 MLS

Talk about curb appeal, here it is! Mature shade trees CHECK Inviting front entry CHECK Hardwood floors CHECK beautiful wood pocket doors CHECK Unbelievable kitchen CHECK Built in Hutch w/leaded glass fronts CHECK Built in buffet perfect for a breakfast or coffee bar CHECK Not 1 but 2 Laundry areas DOUBLE CHECK Bathrooms on every level CHECK Main floor flex room that can be either a primary bedroom en suite, play room, library, game room, etc CHECK 2ND LEVEL Primary with TWO walk in closets CHECK Tastefully painted with minimal decor so you can make it your own CHECK Cozy front porch renovated beautifully to watch the world go by CHECK Deck, CHECK Fenced in back yard CHECK Firepit area CHECK and so much more. Come and CHECK it out yourself!!

520 3rd Street S, Waterville

Listing courtesy of RE/MAX Results.

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