Closed
$360,000
49136 Riverside Ln, Waterville, MN 56096
2beds
1,984sqft
Single Family Residence
Built in 1962
0.28 Acres Lot
$358,900 Zestimate®
$181/sqft
$1,456 Estimated rent
Home value
$358,900
Estimated sales range
Not available
$1,456/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
Check out this rare North Shore gem on Tetonka Lake! Nestled on the coveted private part of desirable Tetonka Lake, this charming year-round lake home offers the perfect blend of rustic character, peaceful surroundings, and untapped potential. With only two owners in its history, this beloved property exudes warmth and a “cabin-at-the-lake” vibe that invites you to slow down and soak it all in.
Step inside to find soaring vaulted ceilings, a cozy wood burning fireplace, a large kitchen island for gathering, and an open-concept layout where the kitchen, great room, and deck space flow seamlessly, framed by breathtaking lake views. The wall of windows and sliding doors lead to a spacious, nearly wraparound deck where morning coffee or evening sunsets are simply unforgettable.
Two cozy bedrooms and a 3/4 bath complete the main level, while the unfinished walkout basement offers the chance to nearly double your square footage. It's ready for a future bedroom, bath, and bonus living space, imagine the possibilities! Following the Waterville flooding, the lower level was professionally cleaned and gutted, providing a fresh slate for your dream design. Whether you're envisioning a cozy retreat, a modern update, or a multi-generational getaway, this home is ready to rise to the occasion. Tucked away in a quiet and desirable location, you're just minutes from the heart of Waterville, a short hop to Elysian, and an easy commute to Mankato or Faribault. Here, life feels like a getaway...but it’s home!
Zillow last checked: 8 hours ago
Listing updated: November 19, 2025 at 07:03am
Listed by:
Hailey M. Warner 507-210-1625,
eXp Realty
Bought with:
Evan Knutson
Weichert, REALTORS- Heartland
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6715548
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- 3/4 bathrooms: 1
Bedroom 1
- Level: Main
- Area: 148.5 Square Feet
- Dimensions: 11x13.5
Bedroom 2
- Level: Main
- Area: 121.5 Square Feet
- Dimensions: 9x13.5
Deck
- Level: Main
Kitchen
- Level: Main
- Area: 182 Square Feet
- Dimensions: 13x14
Laundry
- Level: Lower
Living room
- Level: Main
- Area: 522 Square Feet
- Dimensions: 29x18
Heating
- Forced Air
Cooling
- Central Air
Features
- Basement: Block,Unfinished,Walk-Out Access
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 1,984
- Total interior livable area: 1,984 sqft
- Finished area above ground: 992
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Asphalt
- Uncovered spaces: 1
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Has view: Yes
- View description: North
- Waterfront features: Lake Front, Waterfront Num(40003100), Lake Acres(1357), Lake Depth(35)
- Body of water: Tetonka
- Frontage length: Water Frontage: 85
Lot
- Size: 0.28 Acres
- Dimensions: 85 x 155
- Features: Accessible Shoreline, Wooded
Details
- Foundation area: 1216
- Parcel number: 146410040
- Zoning description: Shoreline,Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Asphalt,Pitched
Condition
- Age of Property: 63
- New construction: No
- Year built: 1962
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Propane
- Sewer: Private Sewer
- Water: Shared System, Well
Community & neighborhood
Location
- Region: Waterville
- Subdivision: Raedeke Sub
HOA & financial
HOA
- Has HOA: No
Price history
| Date | Event | Price |
|---|---|---|
| 6/30/2025 | Sold | $360,000-16.1%$181/sqft |
Source: | ||
| 5/30/2025 | Pending sale | $429,000$216/sqft |
Source: | ||
| 5/17/2025 | Listed for sale | $429,000$216/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,078 +0.2% | $359,700 +0.9% |
| 2023 | $3,072 +18.6% | $356,500 +5.5% |
| 2022 | $2,590 +4.1% | $338,000 +34.7% |
Find assessor info on the county website
Neighborhood: 56096
Nearby schools
GreatSchools rating
- 6/10Waterville Elementary SchoolGrades: PK-4Distance: 3.4 mi
- 8/10Waterville-Elysian-Morristown Jr.Grades: 7-8Distance: 9 mi
- 6/10Waterville-Elysian-Morristown Sr.Grades: 9-12Distance: 3.4 mi

Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$358,900
2% more+ $7,178
With Zillow Showcase(estimated)
$366,078


