Lakeville Homes under $400,000

Welcome to Lakeville, Minnesota, a vibrant city that beautifully combines suburban charm with a touch of natural splendor. Nestled just south of the Twin Cities, Lakeville is known for its friendly community, excellent schools, and abundant recreational opportunities. With stunning lakes, sprawling parks, and scenic trails, this city offers a perfect backdrop for outdoor enthusiasts and families alike.

One of the most attractive features of Lakeville is its diverse real estate market, particularly for those seeking homes under $400,000. Whether you're a first-time homebuyer, a growing family, or looking to downsize, you'll find a variety of options that cater to your needs. From cozy townhomes to spacious single-family residences, Lakeville has something for everyone. Many of these homes come equipped with modern amenities, open floor plans, and beautiful yards, making them ideal for both relaxation and entertaining.

Living in Lakeville means embracing a lifestyle filled with community events, local shops, and dining options that reflect the city's warm, welcoming spirit. The area's commitment to safety and quality of life is evident in its well-maintained neighborhoods and friendly atmosphere. Plus, with easy access to major highways, commuting to Minneapolis or St. Paul is a breeze, allowing you to enjoy the best of both suburban tranquility and urban excitement.

Explore the charm of Lakeville and discover the perfect home that fits your budget and lifestyle. With homes available under $400,000, your dream of homeownership in this picturesque city is closer than you think!

Newest Lakeville Homes under $400,000

$334,990

3 Beds ⋅ 3 Baths ⋅ 7166603 MLS

A great opportunity to enjoy this beautiful well-maintained 2-story end-unit townhome in Lakeville and make it yours! Built in 2017, this Move-In Ready home offers 3 spacious bedrooms, 3 bathrooms, an attached 2-car garage, blending modern style with everyday comfort and functionality. The inviting, open main level features warm finishes, durable LVP flooring, and a living room with a cozy gas fireplace. The well-appointed kitchen showcases rich-stained cabinetry, stainless steel appliances, decorative tile backsplash, under cabinet lighting, and updated stylish quartz countertops and faucet (2025). Thoughtful features include a large center island, farmhouse sink, numerous cabinet shelving rollouts and a built-in mixer stand. Plenty of cabinet storage with a pantry cabinet and a pantry closet. All 3 bedrooms and the laundry room are conveniently located on the upper level, with plush carpet updated in 2023. The spacious primary suite features a large walk-in closet, an additional closet, and a private full bathroom with dual vanities, a soaking tub, and a convenient step-in shower. Bedroom 3 includes white built-in cabinetry and countertop space, making it ideal for a home office, creative workspace, or hobby room. Enjoy the covered front porch, the added appeal of an end-unit location, and the convenience of HOA maintained living. Located in the desirable Lakeville Area School District 194, this home offers easy access to shopping, dining, parks, Lake Marion, and Hwy I-35. Take a tour and make this yours!

20602 Keystone Avenue, Lakeville

Listing courtesy of Summerlyn Realty.

$376,965

3 Beds ⋅ 3 Baths ⋅ 7166076 MLS

This home is available for a November closing! This beautifully designed two-story home features an inviting open-concept main level, perfect for everyday living and entertaining, with a nearby patio providing easy access to outdoor living space. Upstairs, all three bedrooms offer privacy and comfort, including a spacious owner’s suite complete with a full bath and walk-in closet. Located in the desirable Antlers Ridge community, this home offers convenient freeway access and is part of the award-winning Lakeville Area School District 194. Additional highlights include Lennar’s home automation features and full HOA maintenance covering lawn care, snow removal, garbage and recycling, and community irrigation—making homeownership simple and stress-free.

11172 203rd Street W, Lakeville

Listing courtesy of Lennar Sales Corp.

$377,065

3 Beds ⋅ 3 Baths ⋅ 7166064 MLS

11166 203rd Street W, Lakeville

Listing courtesy of Lennar Sales Corp.

$239,900

2 Beds ⋅ 1 Baths ⋅ 7159675 MLS

Cute as a button. End unit one level townhome located on possibly the best lot with the patio overlooking trees and large green space. Brand new carpet and paint. Numerous other updates too. No steps inside or outside. Attached double garage. Easy walk to downtown and major shopping is just a few blocks away off County Road 50. Easy move in prior to the winter. Act now!

20300 Hunter Court, Lakeville

Listing courtesy of RE/MAX Results.

$340,000

4 Beds ⋅ 2 Baths ⋅ 7144589 MLS

Welcome to your new home! This 4 bed 2 bath home is located in a quiet cul-de-sac right in the heart of Lakeville. It serves as a perfect blank slate and contender for an attractively priced home that a buyer can make their own! ISD 194 Schools and incredibly easy access to 35. Recent improvements include new siding, water heater & softener, fence, garage doors, and more. Don’t miss out on this one!

16650 Jersey Court, Lakeville

Listing courtesy of Edina Realty, Inc..

$385,000

4 Beds ⋅ 2 Baths ⋅ 7164176 MLS

Move-in ready 4-bedroom, 2-bath Lakeville home with plenty of updates throughout! Enjoy vaulted ceilings, a bright kitchen with skylight, updated flooring and bathrooms, and a spacious lower-level family room with walkout to the patio. Outside, you’ll find a fully fenced backyard and attached 2-car garage. Conveniently located with easy access to I-35, shopping, dining, parks, and more. Recent inspection items have already been addressed, including professional remediation and replacement of the electrical panel by a licensed electrician. Radon testing and sewer scope have also been completed with clear results, offering added peace of mind for the next owner.

16781 Jonquil Trail, Lakeville

Listing courtesy of Edina Realty, Inc..

$400,000

4 Beds ⋅ 2 Baths ⋅ 7157839 MLS

Meticulously maintained, this sunny and bright home blends comfort, style, and thoughtful updates throughout. Beautiful hardwood floors and trim add timeless character, while the updated kitchen features granite countertops, a center island, and a new range and microwave in 2026, with an adjoining dining area perfect for everyday meals and entertaining. The inviting family room offers a cozy gas fireplace, and the primary bedroom boasts a walk-in closet and a walk-through bath complete with a jetted tub and double vanity. Enjoy outdoor living on the new composite deck and stairs installed in 2021. Numerous mechanical updates provide added peace of mind, including a new furnace and humidifier in 2017, garage door in 2018, water softener in 2019, air conditioning in 2020, and sump pump in 2024. Solar panels installed in 2023 offer additional energy efficiency, with the average electric cost 4 approximately $230 this year. This well-cared-for home offers an appealing combination of classic charm, modern conveniences, and valuable improvements.

21371 Idaho Avenue, Lakeville

Listing courtesy of Edina Realty, Inc..

20048 Homestead Court Unit 36, Lakeville

$325,000

2 Beds ⋅ 3 Baths ⋅ 7163845 MLS

Lovely end-unit, walkout rambler townhome in a wonderful Lakeville community! Featuring convenient one level living; with two bedrooms plus a den, three bathrooms, and a bright and comfortable floorplan. Decorated in attractive neutral tones, and showcasing fabulous built-ins, hardwood floors, and oversized windows throughout that fill the home with beautiful natural light. A welcoming living room with cozy gas-burning fireplace walks out to a delightful deck, and seamlessly flows into the informal dining area, both creating a great setup for everyday living and entertaining. The spacious and well-organized kitchen features a large breakfast bar; with plenty of countertop space for meal prep, and abundant cabinetry for terrific storage options. Main level den provides nice flexibility, and the adjacent primary suite with large walk-in closet offers a relaxing private bath with soaking tub and separate glass-doored shower. Additional living space to be enjoyed in the finished lower-level featuring a spacious family room that walks out to a quaint patio overlooking the peaceful backyard and beautiful mature trees that offer fantastic privacy. The second bedroom and another bathroom are nicely positioned downstairs too. This terrific home is situated in an ideal location just steps from the library, and convenient shopping and dining options; with quick access to miles of paved walking trails and several beautiful parks and activities!

20048 Homestead Court Unit 36, Lakeville

Listing courtesy of RE/MAX Results.

$279,000

3 Beds ⋅ 3 Baths ⋅ 7163733 MLS

Seller is offering a 2/1 interest buy down, up to 3% towards buyer’s closing costs, and an available home warranty, upon a successful closing This TH is a great option for individual(s) and/or investors, as it can be rented immediately after closing. Welcome home - this well maintained, 3-bedroom townhome features a functional, open layout with fresh paint and new LVP flooring. Main level features a large living room, fireplace and plenty of natural light. Adjacent to the living room is a dining area, updated kitchen with new quartz counter tops, white wood cabinetry and stainless-steel appliances. Upper level is freshly painted and new carpeting - has 3 bedrooms including a large primary suite with separate shower, jacuzzi tub and double sinks. This home has a large attached, oversize double garage, located in a highly sought after Lakeville neighborhood and close to shopping, restaurants and access to major highways. NOTE: Seller(s) are licensed Realtors in the state of MN. Pictures have been virtually staged by AI.

17471 Gettysburg Way, Lakeville

Listing courtesy of Coldwell Banker Realty.

$360,000

3 Beds ⋅ 2 Baths ⋅ 7163033 MLS

Fresh paint throughout gives the home a bright, clean feel from the moment you walk in. The layout flows nicely for everyday life, whether you are relaxing at home, hosting, or just enjoying a little more room to spread out. It is move-in ready today, while still giving you the opportunity to add your own style and make it feel completely yours over time. Located in Lakeville Area School District 194, you are close to parks, trails, shopping, restaurants, and the major roads that make getting around the Twin Cities easy. Lakeville is known for having plenty to do nearby while still offering that welcoming community feel. Come take a look and see how easily this home could fit your next chapter.

8026 173rd Street W, Lakeville

Listing courtesy of Pemberton RE.

$387,900

3 Beds ⋅ 3 Baths ⋅ 7161632 MLS

Location! Location! Move right in an Enjoy Townhome Living in Lakeville at Orchard Meadows Clubhomes! This Townhome is situated in a prime location near Shopping, Restaurants and so much more! Beautiful Walkout Rambler Townhome Built in 2000 Features Updated Granite Kitchen Countertops, Vaulted Ceilings, Stainless Steel Appliances, Living Room with Gas Fplc, Warm & Sunshine Filled Sunroom with Glass French Doors, Updated Gorgeous Main Bath, Recently Refreshed with neutral paint. Roof is approx. 3 yrs old. The Walkout Lower Level offers a 3rd Bdrm and another 3/4 Bath, a Huge Family Room Area plus a HUGE STORAGE SPACE (It's like 2 rooms!) with a utility sink.....so many possibilities!

18716 Kalmar Court, Lakeville

Listing courtesy of Re/Max Advantage Plus.

$325,000

4 Beds ⋅ 2 Baths ⋅ 7065629 MLS

Sweat equity or investor opportunity on a quiet stretch in Lakeville! This 4-bed, 2-bath split entry offers 2,328 finished sq ft and a layout built for flexibility, with a wood-burning fireplace on each level. The walkout lower level has its own exterior door, a separate thermostat, full-size windows, 2 bedrooms, a 3/4 bath and a spacious family room. The large utility/laundry room and walkout lower level offer flexibility for extended family or guests. Lakeville allows accessory dwelling units by administrative permit when city standards are met. Buyer to verify with the City of Lakeville. The main level offers 2 bedrooms and a full bath. Additional features include a two-car garage and a Kinetico whole-house water filtration system. Sold as-is and ready for updates, this is a great chance to find a home you can live comfortably in while adding value and building equity. Quick close preferred. Bring your vision!

8534 195th Street W, Lakeville

Listing courtesy of eXp Realty.

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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.

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Lakeville Homes under $400,000

Newest Lakeville Homes under $400,000

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