945 Reed Street N

Waterville, MN
$ 449,900 Beds 4 Baths 2 Sq 1,179 Virtual Tour
Monthly Estimate* How much can I afford?

Virtual Tour is an informational Video! Experience the ultimate year-round lake lifestyle in this beautifully updated 4-bed, 2-bath Lake Tetonka cottage featuring 65 feet of level shoreline and premier western exposure for breathtaking sunset views. Perfect for swimming, boating, and premier fishing, the property includes a private dock for a boat or pontoon. The main residence offers a cozy yet modern interior with stainless steel appliances, a updated furnace, ac and water heater. Perfect for multi-generational living, rental potential, or guest accommodations, the private-access upper loft serves as a complete suite equipped with its own kitchen, living room, bedroom, and bath. Outdoor entertainment options abound with a versatile lakeside boat house that functions as a screened-in porch during summer months and offers drive-on ATV access for ice fishing in the winter. The massive 32x22 insulated and heated garage pulls double duty as the ultimate party space and for recreational toy storage. Located in a golf-cart and ATV-friendly community, residents enjoy casual transport to local restaurants, taverns, parks, and the city sand beach. Waterville serves as the perfect central rest stop along the 39-mile, fully paved Sakatah Singing Hills State Trail, spanning from Mankato to Faribault. This cottage is the ultimate destination to gather, relax, and create lasting memories with family and friends for years to come. Book your tour today. It can close fast so you can still enjoy lakelife this summer!

Single Family

  • Price
  • $ 449,900
  • City
  • Waterville
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • LE SUEUR
  • Half Bathrooms
  • 0
  • Area
  • Outlots-Snows Add
  • Lot Size
  • 0.2 Acres
  • Zip
  • 56096
  • Sqr Footage
  • 1,179
  • Year Built
  • 1984
  • Taxes
  • $ 1194
  • Style
  • Single Family
  • MLS#
  • 7108020
Listed By: True Life Real Estate Solution
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1179
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air,Ductless Mini-Split,Window Unit(s)
Roof Age 8 Years or Less,Asphalt
Appliances Dryer,Gas Water Heater,Range,Refrigerator,Washer
Garage Spaces 2
Construction Materials Block,Frame
Year Built 1984
Electric Circuit Breakers
View Lake,Panoramic,See Remarks,West
Levels One and One Half
Property Subtype Single Family
Tax Year 2025
Waterfront Features Lake Front
Accessibility None
County Le Sueur
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Outlots-Snows Add
Other Structures Boat House
Directions From intersection of MN 13 and MN 60. Head North on MN 13 to Reed. Turn left or west. Cottage is 1st home on right. If coming from the North heading South you will drive along Lake Tetonka,Reed S
City Waterville
High School District Waterville-Elysian-Morristown
Zoning Description Shoreline,Residential-Single Family
Lot Size Units Acres
Carport Spaces 2
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 1194
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Dock,Main Floor Primary Bedroom,Patio,Panoramic View,Washer/Dryer Hookup
PostalCity Waterville

Interior Features

Basement Crawl Space
Basement (Y/N) No
Fireplace Y/N No
Above Grade Finished Area 1179
3/4 Baths 2
Total Bedrooms 4
Total Baths 2
Bath Desc Main Floor 3/4 Bath,Upper Level 3/4 Bath
Dining Room Description Informal Dining Room
Foundation Dimensions 35 x 24
Fuel Natural Gas
Garage Dimensions 22 X 31
Garage Door Width 7
Garage Square Feet 702

Exterior Features

Fencing None
Parking Features Detached Garage,Asphalt,Concrete,Shared Driveway,Finished Garage,Garage Door Opener,Heated Garage,Insulated Garage,Multiple Garages
Lot Features Accessible Shoreline,Tree Coverage - Medium,Underground Utilities
Water Source City Water/Connected
Lot Size Area 0.2
Building Area Total 1179
Lot Dimensions 32 X 182 X 66 X 188
Waterfront Y/N Yes
Foundation Area 840
Road Frontage Type City Street,Paved Streets,Street Lights,Storm Sewer
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
Agent Photo

Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/11/2026 Listed $469,900
7/29/2026 5% - $449,900

Property vs Zip Code Average in 56096

Price
AVG $340K
$450K
Taxes
AVG $2,961
$1,194
Year Built
AVG 1946
1984
Visits
AVG 59
48
Data Provided by Inside Real Estate®

945 Reed Street N Waterville, MN is a Single Family Home for sale at $449900 with 1179 sqft and a lot size of 0.2 Acres Acre(s). 945 Reed Street N Waterville has 4 bedrooms, 2 baths and was built in 1984. The property's zip code is 56096 which is in Waterville, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.