Lake City Homes under $250,000

Welcome to Lake City, Minnesota—a picturesque gem nestled in the heart of Wabasha County. Known for its breathtaking views of Lake Pepin and the scenic bluffs that surround it, Lake City offers a perfect blend of small-town charm and vibrant community life. With its rich history, delightful local shops, and inviting parks, this city is an ideal place for families, retirees, and anyone seeking a serene lifestyle.

One of the most appealing aspects of Lake City is its affordability, especially for homebuyers looking for properties under $250,000. The real estate market here is diverse, featuring cozy single-family homes, charming bungalows, and even some delightful townhouses. Whether you’re a first-time buyer or looking to downsize, you’ll find a variety of options that cater to your needs and budget.

Imagine waking up to the gentle sounds of nature, enjoying a morning coffee on your porch, and taking leisurely strolls along the scenic waterfront. With homes under $250,000, you can make that dream a reality without breaking the bank. The community is not only welcoming but also offers numerous outdoor activities, including fishing, boating, and hiking, making it a perfect spot for outdoor enthusiasts.

In Lake City, you’ll find a tight-knit community that values connection and camaraderie. With local events, farmers' markets, and festivals throughout the year, there’s always something happening to engage and inspire residents. Explore the beauty and affordability of Lake City—your perfect home awaits!

Newest Lake City Homes under $250,000

$249,500

3 Beds ⋅ 2 Baths ⋅ 7139918 MLS

Priced to Sell at $249,500! Enjoy convenient main-floor living in this 3-bedroom, 1-bath home, with laundry all on the main level. The home offers a great opportunity to update and make it your own. Recent improvements include a newer roof, furnace, and water softener. Outside, you’ll find a nice-sized detached garage with a large concrete driveway, providing plenty of parking and possible RV storage. The unfinished full basement with a 3/4 Bathroom, offers abundant storage space or the opportunity to create additional finished living space to suit your needs. Relax and enjoy the four-season porch overlooking the backyard, which is partially fenced and offers a nice outdoor space to enjoy. There's even room for a garden. Great potential, convenient layout, and an attractive price—come see what this home has to offer!

741 S 10th Street, Lake City

Listing courtesy of Lakeshore Real Estate Krage &.

201 S Franklin Street Unit #66, Lake City

$90,000

2 Beds ⋅ 1 Baths ⋅ 7099963 MLS

Enjoy the best of lake living at Marina Point on beautiful Lake Pepin! This well-maintained 60’ x 14’ seasonal mobile home offers 2 bedrooms, 1 bathroom, and everything you need to start enjoying summer the day you close. Stay comfortable with central air and enjoy the convenience of this fully furnished retreat, complete with a 60” flat-screen TV, and patio furniture. Walk the area, soak in the breathtaking bluff and lake views, or head out to enjoy all that Lake City has to offer. From unique shops and great restaurants to beautiful parks and endless opportunities for boating, fishing, and outdoor fun, you’ll experience the perfect blend of relaxation and adventure. This turnkey retreat is your chance to own a slice of Lake Pepin bliss—just arrive, unwind, and start making unforgettable memories!

201 S Franklin Street Unit #66, Lake City

Listing courtesy of Lakeshore Real Estate Krage &.

$239,000

3 Beds ⋅ 1 Baths ⋅ 7096907 MLS

SEARCHING FOR THE PERFECT GETAWAY? This charming seasonal cabin overlooking beautiful Lake Pepin may be exactly what you’ve been waiting for. Nestled on a bluff side with picturesque views of the lake, this property features open concept kitchen, living and dining area, 3 small bedrooms and sliding doors out to a concrete patio. Located on a black top road with a black top driveway this property is close to outstanding fishing, boating and water sports. With room to add a garage or expand the cabin you can create lasting memories while taking in the beauty of Lake Pepin from your own private retreat!

71009 Highway 61, Lake City

Listing courtesy of Colleen Jennings Real Estate.

201 S Franklin Street Unit 39, Lake City

$120,000

2 Beds ⋅ 1 Baths ⋅ 7089707 MLS

Escape to your own slice of paradise in beautiful Lake City! This well-maintained and updated 2-bedroom, 1-bath seasonal trailer offers the perfect blend of comfort, convenience, and outdoor enjoyment. Being sold fully furnished, this turnkey retreat is truly move-in ready—just bring your suitcase and start making memories. Enjoy peace of mind with a roof that has been professionally sealed every two years, along with newer appliances including a washer, dryer, and refrigerator (all approximately 3 years old). The air conditioning unit was replaced approximately 7 years ago, helping keep you comfortable all season long. Outside, you’ll love the spacious lot featuring two patio areas, providing plenty of room for entertaining, relaxing, or soaking in the beautiful Lake City sunsets beneath the Sunsetter awning. Whether you’re looking for a weekend getaway or a seasonal home away from home, this charming retreat offers all the cozy cabin-on-the-lake vibes without the waterfront price tag. Located in the marina area, you’ll be just moments from Lake Pepin, boating, fishing, dining, and all the attractions that make Lake City such a sought-after destination. Don’t miss this opportunity to enjoy carefree seasonal living in one of Minnesota’s most picturesque river towns!

201 S Franklin Street Unit 39, Lake City

Listing courtesy of Lakeshore Real Estate Krage &.

$240,000

3 Beds ⋅ 2 Baths ⋅ 7077409 MLS

Welcome home to a space that beautifully blends timeless character with the comfort of modern living. This turnkey 3-bedroom, 2-bath home has been thoughtfully remodeled recently with quality updates throughout and lovingly maintained ever since. Every major detail has already been taken care of for you, updated siding, mechanicals, plumbing and electrical, flooring, main level laundry, and a fully refreshed kitchen featuring contemporary cabinetry and stainless appliances. You’ll also enjoy the wonderful private backyard, an ideal spot for quiet evenings, casual gatherings, or simply unwinding at the end of the day. All of this sits in a prime location close to parks, schools, and the vibrant downtown district. It’s a warm, welcoming home that’s ready for you to move right in and enjoy. Seller is eager to negotiate.

109 N 6th Street, Lake City

Listing courtesy of Trust Realty.

$244,999

3 Beds ⋅ 2 Baths ⋅ 7056668 MLS

Nice 4 bedroom home in a great location near Lake Pepin, downtown and local schools. Newly remodeled lower level added 2 more bedrooms and a 3/4 bath. Partial fenced yard and a one car garage. Book your showing today!

621 S Garden Street, Lake City

Listing courtesy of Great River Brokers, LLC.

Start Your Search

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.