Lakeville Homes under $400,000

Welcome to Lakeville, Minnesota—a charming city nestled in Dakota County that perfectly blends suburban tranquility with vibrant community life. Known for its picturesque lakes and lush parks, Lakeville offers residents a serene escape while being conveniently close to the hustle and bustle of the Twin Cities. With a rich history and a commitment to community engagement, Lakeville is not just a place to live; it's a place to thrive.

One of the standout features of Lakeville is its diverse selection of homes, particularly for those seeking affordable options. If you're in the market for a home under $400,000, you'll be delighted to discover a variety of properties that cater to different lifestyles. From cozy single-family homes to modern townhouses, Lakeville has something to suit every taste and budget.

Families will appreciate the top-rated school districts, ensuring that children receive a quality education. With numerous parks, recreational facilities, and community events throughout the year, there’s always something to do. Whether you’re enjoying a summer day at one of the local lakes or attending a farmers' market, Lakeville fosters a sense of belonging that makes it easy to call this place home.

Explore the possibilities in Lakeville, where affordability meets quality living. With homes under $400,000, you can find the perfect abode that allows you to enjoy all the wonderful amenities this vibrant city has to offer. Come and discover why so many are choosing to make Lakeville their home sweet home!

Newest Lakeville Homes under $400,000

$369,900

4 Beds ⋅ 2 Baths ⋅ 7151722 MLS

Affordable Lakeville opportunity on a cul-de-sac! This home offers a spacious nearly half-acre private lot and a 3-car garage. The home is comfortable as-is, while cosmetic updates could go a long way toward making it your own and building instant equity. Enjoy a convenient location close to parks, trails, shopping, restaurants and easy access to Cedar Avenue. A great opportunity to get into Lakeville with plenty of space and potential! Sold as-is

7536 165th Street W, Lakeville

Listing courtesy of HOMESTEAD ROAD.

$339,900

3 Beds ⋅ 4 Baths ⋅ 7154500 MLS

Live like it's single-family, without the upkeep. This end-unit Side by Side home in Woodhill offers a rare main-floor primary suite and all living facilities on one level, ideal for buyers who want single-level living without giving up space. Vaulted ceilings and a kitchen center island bring the main floor to life, while a cozy gas fireplace anchors the family room below. Step outside to your private deck and porch overlooking wonderful lot privacy, one of the quietest views in the neighborhood. As an end unit, you'll only share one wall, giving you the feel and privacy of detached living. The lower level offers additional flexibility with partially finished space plus plenty of unfinished area for storage or future expansion—ideal for adding another bedroom, home office or hobby space.

18062 Kindred Court, Lakeville

Listing courtesy of Edina Realty, Inc..

$349,900

3 Beds ⋅ 3 Baths ⋅ 7153966 MLS

Better than new being in 2023 with many upgrades. This stunning home offers exceptional value with seller-added upgrades, including , water softener, gutters, custom blinds with remotes, custom laundry cabinets & counters, finished garage, appliances, storm door and ceiling fans. The bright, open-concept kitchen, dining & living areas are perfect for everyday living and entertaining. Upstairs features 3 bedrooms, 2 baths, laundry and a versatile office area. Relax on the private covered deck off the primary bedroom. The oversized garage offers plenty of room for vehicles, toys & storage. Best of all, you're a short walk to the community amenity center with inground pool, clubhouse, exercise facilities & more. Nearly new, beautifully upgraded and completely move-in ready—see this one before you build!

17097 Dysart Place, Lakeville

Listing courtesy of Keller Williams Select Realty.

$299,000

3 Beds ⋅ 3 Baths ⋅ 7153294 MLS

Incredible location near all of downtown Lakeville's famous dining and shopping amenities, but tucked at the end of a non-thru street with pond views! This desirable Wennsman-built, brick-clad END UNIT townhome has an incredible floorplan and setting. Open main space with tall ceilings and big bay windows letting lots of light. Private maintenance-free deck faces the pond and wetland with no neighbors in sight. Open kitchen with newer stainless appliances and tons of cabinets and counter/seating space. New carpet throughout! True owner's suite with private bathroom and walk-in closet. 2nd bedroom upstairs and a full bath. Flexible space in lower level features an office/3rd bedroom option and a spacious family room. Generous-size garage with larger than typical driveway for extra parking. It is a must-see setting, 100% move in ready! Strong association!

20676 Hampshire Way, Lakeville

Listing courtesy of RE/MAX Results.

$395,165

3 Beds ⋅ 3 Baths ⋅ 7152348 MLS

This home is available for an October closing! This beautifully designed two-story home features an inviting open-concept main level, perfect for everyday living and entertaining, with a nearby patio providing easy access to outdoor living space. Upstairs, all three bedrooms offer privacy and comfort, including a spacious owner’s suite complete with a full bath and walk-in closet. Located in the desirable Antlers Ridge community, this home offers convenient freeway access and is part of the award-winning Lakeville Area School District 194. Additional highlights include Lennar’s home automation features and full HOA maintenance covering lawn care, snow removal, garbage and recycling, and community irrigation—making homeownership simple and stress-free.

11160 203rd Street W, Lakeville

Listing courtesy of Lennar Sales Corp.

$400,000

4 Beds ⋅ 4 Baths ⋅ 7130454 MLS

Welcome to this spacious and inviting 4-bedroom, 3.5-bath townhouse offering a wonderful combination of comfort, functionality, and flexible living space. Vaulted ceilings create an open, airy feel, while the thoughtful layout provides plenty of room for everyday living and entertaining. The main-level primary suite offers a private retreat with a walk-in closet and full bath, and the main-level laundry room adds convenience and supports easy main-level living. Upstairs, a versatile loft provides additional space for a home office, reading area, or lounge. The finished walkout lower level features a generous recreation room, perfect for movie nights, a game room, fitness space, or gathering with family and friends, with easy access to the outdoors. Enjoy peaceful outdoor living on the deck overlooking mature trees. Additional highlights include new carpet in the upstairs area, a cozy gas fireplace, an attached garage, and ample space throughout the home. With four bedrooms, multiple living areas, and beautiful wooded views, this townhouse offers space and flexibility to make your own.

18057 Kindred Court, Lakeville

Listing courtesy of RE/MAX Results.

$350,000

3 Beds ⋅ 2 Baths ⋅ 7148761 MLS

Tucked deep in the woods, this 3 bedroom, 2 bath home offers privacy, character, and exceptional potential. The landscaping with rock edging and bright green hostas, give the home a wonderful first impression as your walking up to the front door. Walking in you will immediately notice the vaulted ceilings in the very-open living room. From there, the beautiful French-doors open up to an amazing sunroom with windows surrounding the room and a mantle with gas fireplace that anchors the room. The sunroom also provides access to the brand new deck where you can easily expand your living space and create the perfect spot for relaxing or entertaining. The kitchen features well-kept beautifully crafted cabinets with breakfast bar at counter, nice sized pantry, and informal dining area within reach. You will notice the pantry wall is not load-bearing so there is the possibility for the space to be opened up even more. Upstairs, the large primary bedroom features a charming Juliet balcony overlooking the front of the house and a nice-sized walk-in closet. One additional bedroom is on the main level along with the full bathroom. Downstairs is the third bedroom has a slider out to the small patio as well as a wood-burning fireplace to keep it cozy. There is also a ¾ bathroom and laundry room also serves as the utility room. There is garage access where you will find a large workbench for all your tools and weekend projects. Air-conditioner new in 2026! This is a fantastic home that has so many great spaces to enjoy along with the opportunity to update and make it your own!

17780 Jamaica Circle, Lakeville

Listing courtesy of Coldwell Banker Realty.

$367,990

3 Beds ⋅ 3 Baths ⋅ 7147406 MLS

Available this October! Welcome to Cordelia—where comfort meets connection and every day feels a little more like home. This rare opportunity offers the only new-construction townhomes 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—blending outdoor beauty with everyday convenience.

17974 Genoa Drive, Lakeville

Listing courtesy of Pulte Homes Of Minnesota, LLC.

$399,000

4 Beds ⋅ 2 Baths ⋅ 7149935 MLS

Welcome to 7850 Grinnell Court E, a 4-bedroom, 2-bath home on a quaint cul-de-sac in Lakeville! Conveniently located to shopping, restaurants, and parks - enjoy a walkout basement, with a patio and fully fenced in backyard. New roof, new Andersen windows, new garage doors in 2026!

7850 Grinnell Court E, Lakeville

Listing courtesy of Counselor Realty, Inc..

$379,900

4 Beds ⋅ 2 Baths ⋅ 7148697 MLS

Welcome to this charming 4-bedroom, 2-bath home tucked away on a peaceful cul-de-sac, offering a great balance of quiet neighborhood living and everyday convenience. Enjoy being just minutes from Cherry View Elementary, Cherryview Park, Lake Marion, Antlers Park & Beach, shopping, dining, and everyday amenities. The home offers comfortable living spaces, spacious bedrooms, and a finished lower level with plenty of room for recreation, guests, a home office, or additional living needs. Enjoy the peace and privacy of the cul-de-sac while still being close to the lakes, parks, trails, and everything Lakeville has to offer. A wonderful opportunity to make this home your own!

17155 Hershey Court, Lakeville

Listing courtesy of Real Broker, LLC.

$349,900

4 Beds ⋅ 2 Baths ⋅ 7147902 MLS

Welcome to this well-cared-for Lakeville home, proudly owned by the same owners for over 60 years! The main level is filled with natural light and features beautiful hardwood floors, three bedrooms conveniently located on one level, and a comfortable, inviting living space. The kitchen offers stainless steel appliances, while the backyard is fenced in and includes a deck perfect for relaxing or entertaining. A backyard shed provides additional storage and can stay with the home.

20480 Idalia Avenue, Lakeville

Listing courtesy of Edina Realty, Inc..

$399,000

3 Beds ⋅ 3 Baths ⋅ 7149372 MLS

Freshly updated 3BR/3BA split-level walkout tucked on a private, wooded lot within walking distance of Crystal Lake! New carpet and fresh paint throughout. The vaulted main level features exposed wood beams, a brick wood-burning fireplace, and an open flow from the living room to the dining area and kitchen with granite countertops, breakfast bar, and hardwood floors. A cedar-lined four-season sunroom opens to the deck overlooking the treed backyard. Three bedrooms on one level, including a primary with private 3/4 bath, plus an updated full bath with granite-topped vanity. The finished lower-level walkout offers a huge family room with a second fireplace, a spa-style bath with jetted corner tub, laundry, and abundant storage. Screened porch, stone patio with fire pit, and an oversized 2-car garage complete the package. Lakeville schools, close to parks, shopping, and quick highway access.

16010 Oak Shore Drive, Lakeville

Listing courtesy of Homefield Realty.

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