The Lake is calling! All 2400+ acres of it! Enjoy this compact year round cabin with 40 feet of sandy shoreline and a gentle slope to the water, (yet the elevation prevented it from flooding) great for swimming, fishing, boating, and soaking up amazing views looking west across the lake while sitting in your 12x20 screened in covered porch! Close to town, food, gas, parks and trails and just steps from the Public Beach providing endless options for fun, gatherings, and recreation. The home is being sold as-is and includes all the furnishings, the dock, Pontoon and Solar powered lift. It's a gem in need of some repairs and TLC. The views and location alone make it a great opportunity for anyone looking to build equity and customize their personal lake retreat. Located just steps from the Waterville Public Beach and park, you’ll have endless options for family fun, gatherings, and outdoor enjoyment. City sewer and water, quick access to town for groceries and gas, and a spot on one of Southern Minnesota’s most desirable chains of lakes make this an unbeatable location.
Active
Price cut: $50K (5/22)
$299,000
735 Reed St, Waterville, MN 56096
1beds
543sqft
Est.:
Single Family Residence
Built in 1950
5,227.2 Square Feet Lot
$348,800 Zestimate®
$551/sqft
$-- HOA
What's special
Includes all the furnishingsSolar powered lift
- 8 days |
- 505 |
- 16 |
Zillow last checked:
Listing updated:
Listed by:
Julie Meister,
Bh Realty Group
Source: RASM,MLS#: 7040316
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Dining room
- Features: Formal Dining Room, Open Floorplan
Heating
- Forced Air, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Exhaust Fan, Microwave, Range, Refrigerator, Gas Water Heater, Water Softener-None
Features
- Ceiling Fan(s), Vaulted Ceiling(s), Bath Description: Main Floor 3/4 Bath
- Windows: Window Coverings
- Basement: Block,Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 525
- Total interior livable area: 543 sqft
- Finished area above ground: 525
- Finished area below ground: 0
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: No Stairs Internal, No Stairs External
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Porch
- Exterior features: Dock
- On waterfront: Yes
- Waterfront features: Lake Front
- Body of water: Tetonka
- Frontage type: Waterfront
- Frontage length: Water Frontage: 40
Lot
- Size: 5,227.2 Square Feet
- Dimensions: 40 x 128
- Features: Tree Coverage - Medium
Details
- Foundation area: 543
- Parcel number: 246000370
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin
- Property subtype: Single Family Residence
Materials
- Frame/Wood, Wood Siding
- Roof: Asphalt
Condition
- Previously Owned
- New construction: No
- Year built: 1950
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: City
- Water: Public
Community & HOA
Location
- Region: Waterville
Financial & listing details
- Price per square foot: $551/sqft
- Tax assessed value: $227,600
- Annual tax amount: $2,962
- Date on market: 5/15/2026
- Listing terms: Cash,Conventional
Estimated market value
$348,800
$331,000 - $366,000
$1,257/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/22/2026 | Price change | $299,000-14.3%$551/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7072094 Report a problem | ||
| 5/14/2026 | Listed for sale | $349,000$643/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7072094 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,962 +8.3% | $227,600 +0.5% |
| 2024 | $2,734 -1.2% | $226,400 +0.8% |
| 2023 | $2,768 +3.6% | $224,700 +1.2% |
| 2022 | $2,672 +0.1% | $222,000 +20% |
| 2021 | $2,668 +2.7% | $185,000 +3.7% |
| 2020 | $2,598 +0.6% | $178,400 +3.7% |
| 2019 | $2,583 +1.8% | $172,000 +2.6% |
| 2018 | $2,537 +9.1% | $167,700 +0.5% |
| 2017 | $2,325 +1.8% | $166,900 +1.8% |
| 2016 | $2,285 -0.8% | $163,900 -0.7% |
| 2015 | $2,303 +3.2% | $165,000 |
| 2014 | $2,231 +0.7% | $165,000 -1.3% |
| 2013 | $2,215 -0.6% | $167,200 |
| 2012 | $2,229 +3% | $167,200 -2.1% |
| 2011 | $2,165 +10.7% | $170,700 -0.3% |
| 2010 | $1,956 +1.2% | $171,200 -0.5% |
| 2009 | $1,932 | $172,100 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 56096
Nearby schools
GreatSchools rating
- 6/10Waterville Elementary SchoolGrades: PK-4Distance: 0.9 mi
- 8/10Waterville-Elysian-Morristown Jr.Grades: 7-8Distance: 6.4 mi
- 6/10Waterville-Elysian-Morristown Sr.Grades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- District: Waterville-Elysian-Morristown #2143
Source: RASM. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Minnesota
- Le Sueur County
- Waterville
- 56096
- 735 Reed St
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