Park Terrace Homes for Sale

Welcome to Park Terrace, a delightful subdivision nestled in the heart of Lakeville, Minnesota, within Dakota County. This charming community offers a perfect blend of suburban tranquility and modern conveniences, making it an ideal place for families, professionals, and retirees alike.

Park Terrace is characterized by its picturesque tree-lined streets, well-maintained parks, and a close-knit neighborhood atmosphere that fosters a sense of belonging. With a variety of homes for sale, prospective buyers can find options that cater to diverse lifestyles and preferences. From spacious single-family homes with lush backyards to contemporary townhouses designed for easy living, Park Terrace has something for everyone.

Residents of Park Terrace enjoy access to excellent schools, a range of recreational facilities, and a vibrant local community. The nearby parks and trails provide ample opportunities for outdoor activities, whether you're looking to take a leisurely stroll, enjoy a picnic, or engage in more adventurous pursuits. Additionally, Lakeville’s convenient location means that shopping, dining, and entertainment are just a short drive away, ensuring you never have to venture far for your daily needs.

If you’re searching for a welcoming community in a prime location, look no further than Park Terrace. With homes for sale that promise comfort, style, and an inviting neighborhood spirit, this subdivision is truly a gem in Lakeville. Come and discover the perfect place to create lasting memories in this thriving community!

Newest Park Terrace Homes for Sale

$339,900

3 Beds ⋅ 2 Baths ⋅ 7128206 MLS

Welcome to 8502 Upper 206th Street W in Lakeville! This well-maintained 3-bedroom, 2-bath home offers a bright, inviting layout with all three bedrooms conveniently located on the main level. Beautiful refinished hardwood floors flow through the main level, while the updated kitchen features white cabinetry, quartz countertops, stainless steel appliances and recessed lighting. The spacious living room is filled with natural light from the large front window, and the dining area provides an easy flow for everyday living and entertaining. Downstairs, the expansive lower level adds nearly 1,000 square feet of additional basement space with newer carpet, two egress windows, a second bathroom with a newer shower, and flexible areas for a recreation room, home office, workout space, hobbies, storage, and more. Outside, enjoy attractive landscaping, mature trees, a deck, and a 2-car detached garage. Additional updates include a new roof in 2024 and durable cement-board siding. Clean, cared for, and move-in ready—all just a few blocks from historic downtown Lakeville, with parks and trails right across the street and shopping, dining, and everyday conveniences nearby.

8502 Upper 206th Street W, Lakeville

Listing courtesy of Keller Williams Select Realty.

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.