Waterville Homes under $400,000

Welcome to Waterville, Minnesota—a hidden gem nestled in the heart of Le Sueur County. With its picturesque landscapes, friendly community, and rich history, Waterville offers a charming blend of small-town warmth and modern conveniences. This vibrant city is ideally situated near the serene shores of Lake Tetonka, providing residents with ample opportunities for outdoor activities such as fishing, boating, and hiking. The local parks and recreational facilities ensure that families can enjoy quality time together in a beautiful setting.

Waterville boasts a strong sense of community, with local events and festivals that bring neighbors together throughout the year. The city is home to excellent schools, making it a perfect place for families looking to settle down. With a population that values both tradition and progress, Waterville has cultivated a welcoming atmosphere for newcomers and long-time residents alike.

For those searching for affordable housing options, Waterville presents an exciting opportunity with homes available under $400,000. Whether you’re a first-time homebuyer or looking to downsize, the real estate market here offers a variety of charming properties that cater to diverse needs and preferences. From cozy single-family homes to modern townhouses, you’ll find something that perfectly fits your lifestyle without breaking the bank.

Discover the allure of Waterville and experience the perfect blend of small-town charm and affordability. Your dream home awaits in this delightful Minnesota community!

Newest Waterville Homes under $400,000

$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.

$134,000

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.

$349,000

1 Beds ⋅ 1 Baths ⋅ 7073148 MLS

Perched above the shimmering waters of Tetonka Lake, this exceptional Waterville retreat offers a rare blend of refined comfort and timeless lakeside charm. With impeccable elevation and sweeping views, this property delivers a premier lakefront experience from the moment you arrive. The main residence features a generously sized primary bedroom and beautiful bathroom, complemented by an expansive living room anchored by a stone fireplace that invites relaxation. The beautifully updated kitchen blends modern finishes with classic cabin warmth, creating an elegant space for entertaining or unwinding. An additional lot hosts a private guest cabin, complete with its own bedroom and bathroom — an ideal sanctuary for visitors seeking comfort and privacy. Your lakeside lifestyle begins immediately, as the dock and lift are included with the sale. Step outside to a spacious lakeside deck perfectly positioned for sunrise coffees, sunset cocktails, and everything in between. Two well-appointed storage sheds provide ample room for lake gear, tools, and seasonal essentials.

527 Marian Street, Waterville

Listing courtesy of LPT Realty, LLC.

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