This property offers an exciting opportunity for those looking to invest in a desirable location near the swimming beach and boat landing on Lake Tetonka. Due to severe damage sustained during a recent flood, the basement on the north end of the home has collapsed. It's important to note that the garage and the living room do not have a basement underneath. As a result, the selling price reflects the value of the lot alone. Situated close to downtown Waterville, this lot provides easy access to nearby lakes and trails. Build a summer retreat or a comfortable year-round residence. All utilities have been disconnected. Whether you're an investor or looking to build, this is a chance to develop a property that reflects whatever your vision is. Selling-As-Is.
Closed
$50,000
511 1st St N, Waterville, MN 56096
3beds
1,292sqft
Single Family Residence
Built in 1948
0.57 Acres Lot
$50,200 Zestimate®
$39/sqft
$1,591 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 28, 2025 at 01:25pm
Listed by:
Patricia J Jewison 507-661-0022,
Edina Realty, Inc.
Bought with:
Tracy Steinberg
ERA Gillespie Real Estate
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6716103

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Baseboard
Cooling
- None
Features
- Basement: Block
- Number of fireplaces: 1
Interior area
- Total structure area: 1,292
- Total interior livable area: 1,292 sqft
- Finished area above ground: 1,292
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
Accessibility
- Accessibility features: Accessible Approach with Ramp, Roll-In Shower
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.57 Acres
- Dimensions: 132 x 189
Details
- Foundation area: 1292
- Parcel number: 240273100
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding
Condition
- Age of Property: 77
- New construction: No
- Year built: 1948
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Waterville
HOA & financial
HOA
- Has HOA: No