Lakeville Homes under $400,000

Welcome to Lakeville, Minnesota – a vibrant community nestled in Dakota County that perfectly blends suburban charm with urban convenience. Known for its beautiful parks, excellent schools, and a strong sense of community, Lakeville is an ideal place for families and individuals alike. With a population that enjoys a mix of recreational activities and cultural events, it’s no wonder that this city has become a sought-after destination for homebuyers.

One of the most appealing aspects of Lakeville is its diverse range of housing options, particularly for those looking to stay within a budget. With homes priced under $400,000, prospective buyers can find a variety of charming properties that cater to different tastes and lifestyles. From cozy single-family homes to modern townhouses, Lakeville offers an array of choices that make it easy to find your perfect fit.

Families will appreciate the exceptional school district, which is consistently ranked among the best in the state. The abundance of parks and recreational facilities provides ample opportunities for outdoor activities, including hiking, biking, and fishing, making it easy to enjoy the beautiful Minnesota seasons. Additionally, Lakeville's strategic location allows for easy access to the Twin Cities, ensuring that residents can enjoy the amenities of urban living while returning to the tranquility of their suburban home.

Whether you're a first-time homebuyer or looking to settle down in a welcoming community, Lakeville, MN, offers a perfect blend of affordability, quality of life, and a strong sense of belonging. Explore the available homes under $400,000 and discover the possibilities that await you in this delightful city!

Newest Lakeville Homes under $400,000

$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, Roofs only 3 years old, Living Room with Gas Fplc, Warm & Sunshine Filled Sunroom with Glass French Doors, Updated Gorgeous Main Bath, Recently Refreshed with neutral paint. 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

Investor and owner-occupant opportunity on a quiet stretch in Lakeville! This 4 bed, 2 bath split entry offers 2,327 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 offers space to add a kitchen or kitchenette, creating potential for a two-unit setup: live on one level and rent the other, or rent both. 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 add value and build equity. Cash offers preferred. Bring your vision!

8534 195th Street W, Lakeville

Listing courtesy of eXp Realty.

$344,900

4 Beds ⋅ 4 Baths ⋅ 7161114 MLS

Lender-paid rate buydown available to qualified buyers. Move-in ready 4-bedroom, 3.5-bath townhome in Avonlea, available for a quick close. The open main level features luxury vinyl plank flooring, fresh paint, and a gas fireplace in the living room. The kitchen offers quartz countertops, a large center island, subway tile backsplash, a gas range, and stainless steel appliances. The dining area opens through a patio door to a maintenance-free deck overlooking green space. Upstairs are three bedrooms with ceiling fans and new carpet, including a primary suite with a walk-in closet and a private bath with a dual-sink vanity and walk-in shower. A second bedroom also has a walk-in closet, and the laundry room is on the same level. The finished lower level adds a fourth bedroom with an egress window, a full bath, and a media room prewired for a projector and speakers. Other upgrades include energy-efficient blinds, a drinking water filtration system, and an attached 2-car garage with an epoxy floor, overhead storage, and an EV charger connection. The association covers building exterior, hazard insurance, internet, cable, lawn care, snow removal, and trash. Residents enjoy the Avonlea clubhouse, fitness center, community room with kitchen, outdoor patio with fire table, and playground. Located just off Cedar Avenue.

18335 Glassner Way, Lakeville

Listing courtesy of Coldwell Banker Realty.

$299,900

2 Beds ⋅ 3 Baths ⋅ 7151953 MLS

Room to gather, space to retreat, and parking for the company! Tucked into a cul-de-sac setting in Lakeville, this inviting townhome welcomes you with a long driveway, an attached two-car garage, and plenty of additional visitor parking nearby. Inside, 9-foot ceilings, hardwood floors, and large windows create a bright, open main level anchored by a cozy gas fireplace. The kitchen pairs white cabinetry and newer countertops with stainless steel appliances, a gas range, and breakfast-bar seating. The adjoining dining area opens to a patio framed by mature trees—an ideal spot for morning coffee or winding down outdoors. Upstairs, the private owner’s suite features a vaulted ceiling, walk-in closet, private full bath, and new carpet. A second bedroom, additional full bath, and versatile loft offer space for guests, work, or a reading nook. A main-level half bath adds convenience, while a furnace replaced in 2023 and new water heater in 2026 round out the updates. A welcoming layout, leafy surroundings, and thoughtful improvements make 16240 Jatos Circle easy to call home. Rentals and pets allowed! Don't forget the easy, quick access to I35! Perfection!

16240 Jatos Circle, Lakeville

Listing courtesy of Keller Williams Preferred Rlty.

$385,000

3 Beds ⋅ 2 Baths ⋅ 7152074 MLS

Welcome to this one-owner, 4-level split in Lakeville. This home features 3 bedrooms, 2 baths, a 3 car garage, and walkout lower level. Thoughtfully updated for low-maintenance living: new mechanicals in '23, new roof '21, new driveway/apron/sidewalk/, new backyard retaining wall, new light fixtures, fresh paint and new carpet in all bedrooms. The primary 3/4 bath is updated, and the second bath has a new toilet and new hardware in the shower and tub. Enjoy a charming 3-season porch on the side of the home and excellent curb appeal. The home’s flexible 4-level design offers room to grow. Levels 3 and 4 provide unfinished space for future living area, a potential 4th bedroom, home office, gym, or workshop—plus a basement rough-in for a future bathroom. The walkout lower levels bring in great natural light, and the concrete floors on the 3rd and 4th levels include in-slab heat for added comfort. This is a rare opportunity to own a well-kept, move-in-ready home with big-ticket updates done, plus the freedom to finish additional space to your taste—all in a convenient Lakeville location. Come see the value, versatility, and pride of ownership at 7935 174th St W.

7935 174th Street W, Lakeville

Listing courtesy of Real Broker, LLC.

$319,999

3 Beds ⋅ 2 Baths ⋅ 7159867 MLS

Welcome home to this beautifully maintained twin home with the added benefit of NO HOA! Large Fenced Backyard! Thoughtful updates and quality craftsmanship can be found throughout, with major improvements including a new roof and siding in 2019, gutters in 2022, and a water heater in 2021. Beautiful aluminum railings enhance the front entry stairs and deck 2024, adding a polished finishing touch to the exterior. Inside, you’ll appreciate the gorgeous custom alder cabinetry, soft-close drawers and cabinet doors, and convenient pull-out shelving in the kitchen and pantry. The inviting family room features a stunning custom fireplace, creating the perfect focal point for relaxing or entertaining. Step outside to an exceptionally spacious, fully fenced backyard offering plenty of room for gardening, pets, play, or outdoor gatherings. A 10x10 storage shed provides additional space for lawn equipment, tools, and seasonal items, while the extended concrete driveway offers valuable extra parking and convenience. Ideally located near parks, shopping, dining, schools, and major roadways, this lovely home combines comfort, quality, thoughtful updates, and the wonderful benefit of no HOA. This is one you won’t want to miss!

17540 Ionia Path, Lakeville

Listing courtesy of Fish MLS Realty.

$374,900

4 Beds ⋅ 4 Baths ⋅ 7159215 MLS

Hard to find and beautifully appointed, this spacious 4-bedroom, 4-bath end-unit townhome with a finished lower level offers an exceptional combination of space, privacy and location! **Freshly painted throughout with brand-new carpet in the lower level**, this home is beautifully refreshed and ready for its next owner! Step inside to beautiful Brazilian cherry hardwood floors extending throughout the main level and an impressive two-story vaulted living room filled with natural light. The open layout flows seamlessly from the generous living room to the dining area and well-appointed kitchen featuring cherry cabinetry, granite countertops, tiled backsplash, stainless steel appliances, abundant storage and a high-top breakfast bar. Step from the dining area onto the large deck with a convenient pull-out sun shade and enjoy peaceful views of an expansive green space surrounded by mature trees and beautiful landscaping. A main-level powder room with granite countertop and a custom closet system with built-ins and pullouts near the garage complete this level. Upstairs, the spacious primary suite features a tray-vaulted ceiling with ceiling fan, custom closet system and a large private bath with tiled walk-in shower, double vanity with generous cabinetry, plus a separate private powder room. Two additional upper-level bedrooms are generously sized and share a full bath. The finished lower level provides even more living space with a large family room featuring brand-new carpet, an additional 4th bedroom, 3/4 bath, spacious utility/laundry room with washer, dryer and water softener, plus an impressive 14' x 5' storage closet. Additional highlights include three-panel cherry doors and custom window blinds throughout. All of this in a desirable Lakeville location convenient to schools, shopping, dining and everyday amenities. Four bedrooms, four bathrooms, a finished lower level, end-unit privacy and a gorgeous green-space setting make this an exceptionally rare townhome opportunity! Quick closing preferred. Association documents are available in supplements. **Current photos show home prior to new paint and carpet!

18906 Inlet Road, Lakeville

Listing courtesy of RE/MAX Results.

$285,000

3 Beds ⋅ 3 Baths ⋅ 7159128 MLS

Welcome home to this beautifully maintained townhome with brand new oversized windows and updated flooring throughout the main level. The main level features a kitchen with updated appliances, plenty of counter space, and recently updated light fixtures. The home has a spacious floorplan with the family room featuring a gas fireplace and dining room with a walk-out to your backyard with mature trees. Upstairs, you’ll find three generously sized bedrooms, including a private primary suite with private bathroom. With its well-maintained condition, and prime location, this is an excellent opportunity for buyers seeking low-maintenance living in a growing community. This community has no restrictions on rentals.

16369 Javari Court, Lakeville

Listing courtesy of Coldwell Banker Realty - Southwest Regional.

$354,990

3 Beds ⋅ 3 Baths ⋅ 7158708 MLS

Available September 2026! Welcome to Cordelia, a rare opportunity to own in the only new-construction townhome community in the highly sought-after Lakeville North School District 194. Enjoy low-maintenance living just 20 minutes from the Twin Cities, with nearby parks, scenic trails, a community playground, and firepit. Minutes from Ritter Farm Park, King Park, and Lake Marion trails, plus easy access to Lakeville Brewing Company and the Crossroads Cub Foods retail corridor—offering the perfect blend of outdoor recreation and everyday convenience.

17980 Genoa Drive, Lakeville

Listing courtesy of Pulte Homes Of Minnesota, LLC.

$270,000

3 Beds ⋅ 2 Baths ⋅ 7157941 MLS

This well-maintained Lakeville home offering 3 bedrooms, 2 bathrooms, approximately 1,180 finished square feet, a full finished basement, and a 2-car attached garage. Built in 1994 and situated on a 7,405-square-foot lot, the home features vinyl siding, city water and sewer, carpet and vinyl flooring, and a large deck refinished last year—ideal for relaxing or entertaining. The finished lower level provides added flexibility with an additional bedroom and bathroom. Exterior maintenance is handled by the HOA, supporting a lower-maintenance lifestyle. HOA dues are approximately $400 per month.

20029 Ideal Way, Lakeville

Listing courtesy of Jeff Hagel.

$340,000

3 Beds ⋅ 3 Baths ⋅ 7140808 MLS

Bright, inviting and filled with natural light, this end-unit townhome offers a flexible multi-level layout in a convenient Lakeville location. A covered front porch welcomes you in, while the oversized deck provides a great spot for morning coffee, outdoor dining or relaxing outside. Inside, vaulted ceilings and walls of windows create an airy, open feel across the main living spaces. Upstairs, the generous primary suite is joined by a large second bedroom, full bath and open landing overlooking the vaulted living area below. The lookout lower level adds even more versatility with a spacious family room, large windows on two sides, third bedroom with French doors and a bath, an ideal setup for guests, extended stays or additional living space. A separate bonus storage room on its own level gives you plenty of room for everything else. Close to schools, parks, shopping and everyday conveniences, this is a home with room to live, gather and grow.

18847 Inca Avenue, Lakeville

Listing courtesy of Edina Realty, Inc..

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Lakeville Homes under $400,000

Newest Lakeville Homes under $400,000

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