Lake County Homes under $400,000

Welcome to Lake County, Minnesota—a hidden gem nestled in the heart of the North Shore region. Known for its breathtaking natural beauty, Lake County boasts a stunning array of landscapes, from the serene shores of Lake Superior to the majestic Sawtooth Mountains. Outdoor enthusiasts will find their paradise here, with ample opportunities for hiking, fishing, and winter sports, all set against a backdrop of lush forests and sparkling waters.

When it comes to finding your dream home in Lake County, you’ll be delighted to discover a variety of charming properties available for under $400,000. Whether you’re seeking a cozy cabin retreat, a family-friendly home, or a quaint cottage, Lake County offers an array of options to suit your lifestyle and budget. These homes often feature rustic designs that blend seamlessly with the natural surroundings, providing a warm and inviting atmosphere.

Imagine sipping your morning coffee on a sun-drenched porch while gazing out at the tranquil waters or taking a leisurely stroll through the vibrant fall foliage. With its strong sense of community and welcoming atmosphere, Lake County is not just a place to live; it’s a place to thrive.

In addition to its natural allure, Lake County is home to friendly towns like Two Harbors and Silver Bay, where you’ll find local shops, eateries, and cultural attractions that add to the charm of this picturesque region. Don’t miss the opportunity to explore the affordable housing options available and make Lake County your new home sweet home!

Newest Lake County Homes under $400,000

$254,900

1 Beds ⋅ 7152723 MLS

Enjoy peaceful, contemporary Northeastern Minnesota cabin ownership. Set on Thomas Lake, 5 private acres, 200 feet of waterfront & a short easy walk from cabin to shoreline. Built in 2007, this solidly constructed cabin features 6x6 rough-sawn square logs & ICF foundation. The stone perimeter finishes the exterior, adding up-to-date, rustic appeal. Enter the full-length screened porch, with its panoramic lake views & generous gathering area. The cabin’s interior features inviting open living, dining, kitchen & loft bedroom spaces, warmed by a wood-burning stove. An artesian well & storage sheds add convenience. Cabin living the way it’s meant to be, private, easily maintained, right on the water. Outdoor activities year round; trails, water and woods. Twenty minutes to Two Harbors and Lake Superior’s North Shore.

4223 S Thomas Lake Road, Two Harbors

Listing courtesy of RE/MAX Results.

$350,000

3 Beds ⋅ 3 Baths ⋅ 7145703 MLS

A distinctive rustic retreat on 20 acres near Two Harbors and Minnesota's scenic North Shore! This hard to find property offers a large custom-built log home, the hand-crafted, lodge-inspired atmosphere of a classic Northwoods cabin- room to grow with 3 bedrooms and 3 baths! Open, spacious living room with a beautiful stone fireplace at its center, makes this home perfect for entertaining. Center island, eat-in kitchen and dining room with large windows flows into the four season porch which runs the length of the home with panoramic views of the acreage. Lots of storage with 3 levels of living space! This home has a true chalet-feel with open log beam ceilings, accents and awe-inspiring views of the living area from the upper level. The pole building shop with cement floor and electricity has ample space for mechanics projects, woodworking or tool storage. The barn had been used as shelter and hay storage for beef cattle. Many small storage buildings offer so many options for yard and gardening supplies. Located in the center of the North shore, enjoy seasonal changes from the view of the 4 season porch, or have coffee watching the sun rise or livestock and wildlife while settled snugly in your favorite chair. Acreage plus a forever home; quite a find in the greater MN North shore recreational area!

2385 Highway 3, Two Harbors

Listing courtesy of Kaija Kokesh Realty.

$279,000

4 Beds ⋅ 3 Baths ⋅ 7150622 MLS

Nestled on a large park-like lot with woods right in your backyard, this custom-designed 4-bedroom, 3-bath, one-and-a-half-story home offers the perfect blend of comfort, nature, and recreation. Step inside to a welcoming living room filled with natural light that flows seamlessly into the formal dining room, creating an inviting space for entertaining family and friends. The efficient kitchen features stainless steel appliances and convenient nearby laundry facilities, making everyday living easy and functional. The main level includes a spacious primary bedroom with beautiful hardwood flooring, along with a second bedroom currently used as a home office. Upstairs, you'll find two generously sized bedrooms, a full bath, and ample storage spaces to keep everything organized. The lower level offers a wide-open family room featuring cozy carpeting and a wood-burning fireplace, perfect for relaxing evenings. A versatile bonus room provides space for an exercise room, craft area, or additional office. A convenient quarter bath, workshop area, and abundant storage complete the basement level. The backyard is a true retreat where the beauty of the surrounding woods invites you to slow down and enjoy the wonders of nature. Whether you're savoring your morning coffee, hosting a barbecue with family and friends, or simply relaxing after a long day, this peaceful setting provides the perfect backdrop. A charming bridge spans the creek, adding character while providing convenient access beyond. Gardening enthusiasts will appreciate the large raspberry patch and a variety of established plants that add color and texture to the landscape. A garden shed offers practical storage for tools and outdoor equipment, keeping everything organized while you enjoy this beautiful green space. An attached garage with a convenient entryway is especially appreciated during the winter months. Quick access to the Superior Hiking Trail, cross country, ATV and snowmobile trails make this an outdoor enthusiast's dream. Come see for yourself all this home has to offer!

84 Hays Circle, Silver Bay

Listing courtesy of Edina Realty, Inc. - Duluth.

$380,000

4 Beds ⋅ 2 Baths ⋅ 7146115 MLS

Discover the small-town charm of Knife River on Lake Superior’s North Shore between Duluth & Two Harbors. This entire property is well-kept, clean & inviting. The home & cottage are both ideal for extended family, guests or short- & long-term rental opportunities. The solidly built home is character-filled & welcomes you through a covered front porch or side deck. Inside, enjoy the open, eat-in kitchen, living room, 2 bedrooms, large full bath & walk-in closet/storage. An additional bedroom and storage upstairs. The finished lower level offers bonus space for recreation, hobbies or storage, gas fireplace & laundry. The cozy cottage features open living/ kitchen/dining, comfortable bedroom, ¾ bath & its own outdoor space. Both dwellings are fully functional & prepared for owners, tenants or guests. A pre-inspection is available. The parcel contains 5 city lots, providing plenty of outdoor space, large storage shed & city sewer. Enjoy all that Knife River has to offer, including marina access, the beach, park, trails & a welcoming small-town atmosphere that makes this community so special. Peaceful North Shore living with amenities near by—just minutes from Duluth and Two Harbors.

267 E 2nd Street, Knife River

Listing courtesy of RE/MAX Results.

$88,400

3 Beds ⋅ 1 Baths ⋅ 7142303 MLS

Great opportunity to buy this ranch style home built in 1954, located in Silver Bay, MN and sitting on approximately .22 acre lot with a one car detached garage. The all one floor interior has 960 sq. ft. with 3 bedrooms and 1 bathroom.

47 Edwards Drive, Silver Bay

Listing courtesy of REALHome Services and Solutions, Inc..

$295,000

7138697 MLS

Escape. Experience true lake-country solitude on the shores of Gunsten Lake in the Isabella area. Set on approximately 3.5 acres with more than 350 feet of lake frontage, this rustic log cabin offers the kind of setting that is becoming increasingly difficult to find. Surrounded by woods, water and the natural beauty of northeastern Minnesota, this is a place to slow down, unplug and enjoy lake life the way it was meant to be. Spend mornings with coffee overlooking the water, afternoons fishing, paddling or exploring the shoreline, and evenings around the fire under a sky filled with stars. The classic log construction adds warmth and character while perfectly complementing the secluded surroundings. With multiple lakes nearby, endless opportunities for outdoor recreation are just beyond your door. Whether you’re searching for a private weekend retreat, a basecamp for hunting and fishing adventures, or simply a place where peace and quiet take priority, this Gunsten Lake property delivers. Over 350 feet of shoreline, 3.5 acres and your own piece of Minnesota’s Northwoods—come experience the simplicity of cabin life.

10401 Gunsten Lake Drive, Isabella

Listing courtesy of THINK. Home & Land.

$214,000

2 Beds ⋅ 2 Baths ⋅ 7121223 MLS

This 2-bedroom, 2-bath home is filled with character, comfort, and years of cherished memories. Situated on a spacious corner lot, the property features a large garage, a generous driveway, and plenty of outdoor space to enjoy. Step inside to a welcoming living room designed for relaxation and gatherings with family and friends. The bright, open kitchen is filled with natural light and offers ample workspace. Its functional layout flows seamlessly into the dining area, providing comfortable seating for everyday living and entertaining. If desired, there is room to add an island and customize the space to fit your lifestyle. Two comfortable bedrooms on the main level serve as peaceful retreats for rest and relaxation. The lower-level family room provides generous space for recreation, game nights, movie watching, or simply spending time with loved ones. An additional room can be used as a home office, hobby room, or for creative pursuits, while a designated workshop area is perfect for tackling smaller projects. Outside, enjoy morning coffee, a favorite book, or conversation with friends on the deck overlooking the yard. The corner lot offers extra outdoor space, accented by mature trees, a small garden area, and raspberry bushes. The large garage provides ample room for vehicles, recreational equipment, storage, and larger DIY projects. With vinyl siding on the home and LP siding on the garage, maintenance is manageable, allowing you to spend more time enjoying all that this property has to offer. Lovingly cared for through the years, this home is ready for its next chapter. Move in, make it your own, and start creating memories that will last for years to come.

11 Ives Road, Silver Bay

Listing courtesy of Edina Realty, Inc. - Duluth.

$215,000

2 Beds ⋅ 2 Baths ⋅ 7092828 MLS

2-bedroom, 2-bath home with 2-car garage on just under an acre. Kitchen features exposed beams and an open, functional layout. Significant improvements include new septic system and well installed in 2024. Solid floor plan, practical updates, and move-in ready condition.

6745 Riverside Drive, Finland

Listing courtesy of Edina Realty, Inc. - Duluth.

$390,000

1 Beds ⋅ 7083759 MLS

This is an unbelievable opportunity! This is very high ground with super views. There is a nice deck for admiring the view. This is very remote, off the grid with no water or septic system (there is an outhouse). All kinds of wildlife - Moose, bears, wolves, deer plus lots of birds and other critters. The property connects with ATV and snowmobile trails. The mobile home / cabin was moved up to its present location 2 years ago and completely refurbished with a new roof with trusses, new walls and siding. The interior was finished in the fall, 2024, and it is ready to use. Wood stove for heat. The maps in the Supplements show the 3 parcels for sale, plus all 5 parcels, showing the driveway in. Lake County Atlas is an excellent tool for seeing all the nearby parcels, roads, etc.

5241 Hut Two Road, Finland

Listing courtesy of Timber Ghost Realty, LLC.

$140,000

1 Beds ⋅ 1 Baths ⋅ 7078556 MLS

Your Private Cabin Retreat in the Superior National Forest Awaits Own a piece of history with this charming 1935 CCC-built log cabin located just outside Isabella in the Superior National Forest. Listed on the Historic Registry, this well-preserved retreat sits on 1.39 acres and offers a peaceful Northwoods setting with easy access to lakes, hunting land, and ATV/snowmobile trails. The cabin features an open-concept main room combining living, sleeping, and kitchen space, plus a modern bathroom with tiled shower. Original logs have been corn blasted to enhance their natural beauty while maintaining historic character. Recent updates in 2024 include a new roof and freshly painted exterior. Property includes shared well (tested annually), septic system sized for a 2-bedroom home, and 200-amp underground electric. Heating provided by 4000W main heater plus 1500W unit in utility/bath area. Existing chimney allows for future wood stove installation. Ideal as a recreational getaway or basecamp, with room to expand—live comfortably while building your dream home. Rare opportunity in a prime Northwoods location.

9519 Ccc Trail, Isabella

Listing courtesy of Edina Realty, Inc. - Duluth.

$399,000

2 Beds ⋅ 1 Baths ⋅ 7054157 MLS

Welcome to this well-maintained 2-bedroom, 1-bathroom log home located at Grand Superior Lodge. This single-level unit offers comfort, functionality, and thoughtful updates throughout. The bright and open layout encourages conversation, gathering for meals, or enjoying time by the fire. Recent updates include new carpet, living room furniture, mattresses, stainless steel appliances, and a mini-split air conditioner. Enjoy delightful views of Lake Superior from both the living room and dining room. Step outside to the deck, which is perfect for relaxing and watching the sunrise or evening skies. Conveniently situated on the shores of Lake Superior, you can spend your days hiking, biking, fishing, or enjoying ATV and snowmobile rides. Visit Gooseberry State Park or Split Rock Lighthouse to appreciate the beauty of the shoreline. The amenities at Grand Superior Lodge are at your disposal, whether you're walking along the shoreline, jumping in the pool, or warming up in the sauna. The cabin is currently part of the Grand Superior Lodge rental pool, giving you the flexibility to use it for your own enjoyment or take advantage of rentals to help offset costs.

2826 Highway 61 Unit 502, Two Harbors

Listing courtesy of Edina Realty, Inc. - Duluth.

$199,900

1 Beds ⋅ 1 Baths ⋅ 7055231 MLS

Harriet Lake! Fully furnished cabin in remote wilderness setting with all the comforts of home. Solar electricity with generator back-up, sauna, Starlink system, television, wood stove and wood pile, refrigerator, stove, dock, campfire ring, weber grill, outhouse, gated community, forest service lease property. The cabin is a nicely finished wood paneled one room with finished porch.

Finland

Listing courtesy of Hot Line Realty Inc.

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