For sale

$609,000

Est. $3,788/mo —

•

2,364

sq ft

48937 N Shore Rd, Waterville, MN 56096

About this home

Video and interactive floor plan tour in virtual tour link. Welcome to your Lake Tetonka retreat where stunning views, incredible fishing, and laid-back lake life come together. With 160 feet of shoreline, this property offers the perfect escape for year-round living or relaxing weekends. A warm and inviting open layout with fresh paint, new carpet on main floor and updated lighting. The kitchen features all new stainless steel appliances and a new faucet. The large peninsula is perfect for gatherings, open to the dining and sunroom for entertaining. The living room centers around a stunning new gas fireplace and a large picture window that frames breathtaking lake views, bringing the outdoors in year-round. Step outside to the deck and unwind under the pergola with new lighting, surrounded by thoughtfully updated landscaping and hundreds of daffodils planted for spring. The lower level expands your living area with a lakeside third bedroom, a spacious family room and a sitting room, half bath, and an oversized storage room. Outdoors is where this property truly shines. A paved path down to the lake or the tiered stairs approach leads you down to the water, creating easy access to the shoreline. Enjoy evenings around the lakeside firepit, or easy fishing from your included dock and boat lift for a boating day on the lake. Lake Tetonka is well known for its excellent fishing—walleye, bass, panfish, and sunnies right off your dock—and even hosts local bass tournaments. The property also features a 3 car garage, 2 are heated with space for up to 6 vehicles. The third stall offers a rare pass-through design with a garage door also on the lake side. Bring gear to the lake via a paved path and easy path around the side of the garage. Three sheds and a greenhouse provide plenty of additional storage and flexibility. With thoughtful updates throughout, scenic views, and a setting designed for both relaxation and recreation, this is lake living at its best. Alright… let’s go fishing!

Single-familyProperty Type

1989Year Built

0.96 acresLot Size

$258Price/Sq.Ft.

3 car garageParking

Listed by Travis Sagedahl • Sagedahl Realty

Listing updated: Jul 23, 2026 at 08:56am

Redfin checked: a few seconds ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #7036986

Payment calculator

$3,788 per month

Principal and interest$3,160

Property taxes

$415

HOA dues

Home insurance

$213

Utilities

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Nearby open houses (3)

Around this home

Schools

K - 12
Preschool & daycare

Waterville Elementary School

Public PreK-4 • Assigned • 3.8mi

6/10

Waterville-Elysian-Morristown Jr.

Public 7-8 • Assigned • 9.4mi

8/10

Waterville-Elysian-Morristown Sr.

Public 9-12 • Assigned • 3.8mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Offer insights

48937 N Shore Rd · $609,000

Strong offer

$604K and above

75% chance or better to win

Why $604K+ is a strong offer

DAYS ON MARKET

The average home goes pending in 32 days.

SALE-TO-LIST

Most homes are selling 2% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Ceiling fans
Natural woodwork and paneled doors
Air-to-air exchanger
Water softener (rented)
Fuel tank (rented)

Bedrooms
3 bedrooms (main level primary and main floor bedrooms)
Primary bedroom is private and ensuite

Bathrooms
Main floor full bath
Main floor 3/4 bath
Primary ensuite with private amenities
Basement half bath
Separate tub and shower
Jetted tub
Walk-in shower

Kitchen
Kitchen with window
Range
Microwave
Refrigerator
Freezer
Dishwasher
Stainless steel appliances
ENERGY STAR qualified appliances

Laundry & utility
Main level laundry in a laundry closet
Washer and dryer included
Gas water heater

Heating & cooling
Forced air heating
Central air conditioning

Sale and tax history for 48937 N Shore Rd

Sale History
Tax History

Date

Event

Price

NORTHSTARMLS as Distributed by MLS Grid #7036986

Jul 31, 2026

Relisted

—

Jul 30, 2026

Listing Removed

—

Jul 23, 2026

Price Changed

$609,000

$258/sq ft

Jun 26, 2026

Relisted

—

Jun 24, 2026

Contingent

—

Jun 17, 2026

Relisted

—

Jun 12, 2026

Price Changed

$615,000

$260/sq ft

May 20, 2026

Price Changed

$620,000

$262/sq ft

Apr 29, 2026

Relisted

—

Apr 29, 2026

Price Changed

$635,000

$269/sq ft

Apr 28, 2026

Listing Removed

—

Apr 8, 2026

Listed

$650,000

$275/sq ft

Apr 4, 2026

Coming Soon

$650,000

$275/sq ft

NORTHSTARMLS as Distributed by MLS Grid #6672952

Apr 24, 2025

Sold

$579,500

$245/sq ft

Mar 6, 2025

Pending

—

Feb 24, 2025

Listed

$579,500

$245/sq ft

Get a jump on the summer season! Remarkable 160 ft of lakeshore on Tetonka Lake is calling your name. With endless recreational opportunities and stunning views, this is the ideal spot to create cherished memories. Private 1 acre wooded lot provides the perfect escape! This 1989 one story provides over 2600 sf of space. Highlights include a wood burining fireplace, breakfast bar, primary bedroom with 3/4 bath, main floor laundry, jetted tub, central air, vinyl siding and spacious lower level with tons of storage room. This perfect setting offers over 750 sf of lakefront deck space, complete with a pergola plus a covered sitting area at the lake. Beautiful landscaping surrounds the property showcasing numerous perennials plus a greenhouse to start your own from seed. Almost 1300 sf garage is heated and insulated and 3rd stall drives thru to lakeside providing easy access to all your lake toys plus there are 2 storage sheds for additional lawn items. Ashphalt driveway to lake plus concrete sidewalks to steps and sheds. Tetonka Lake plus access to adjoining lakes give you over 2500 acres to explore by boat. Waterville is only 30 min to Mankato and 22 min to I35 access. This lakeshore retreat truly combines convenience, comfort, and natural beauty!

RASM #7036791

Apr 24, 2025

Sold

$579,500

$245/sq ft

Mar 7, 2025

Pending

—

Feb 17, 2025

Listed

$579,500

$245/sq ft

+42

Get a jump on the summer season! Remarkable 160 ft of lakeshore on Tetonka Lake is calling your name. With endless recreational opportunities and stunning views, this is the ideal spot to create cherished memories. Private 1 acre wooded lot provides the perfect escape! This 1989 one story provides over 2600 sf of space. Highlights include a wood burining fireplace, breakfast bar, primary bedroom with 3/4 bath, main floor laundry, jetted tub, central air, vinyl siding and spacious lower level with tons of storage room. This perfect setting offers over 750 sf of lakefront deck space, complete with a pergola plus a covered sitting area at the lake. Beautiful landscaping surrounds the property showcasing numerous perennials plus a greenhouse to start your own from seed. Almost 1300 sf garage is heated and insulated and 3rd stall drives thru to lakeside providing easy access to all your lake toys plus there are 2 storage sheds for additional lawn items. Ashphalt driveway to lake plus concrete sidewalks to steps and sheds. Tetonka Lake plus access to adjoining lakes give you over 2000 acres to explore by boat. Waterville is only 30 min to Mankato and 22 min to I35 access. This lakeshore retreat truly combines convenience, comfort, and natural beauty!

NORTHSTARMLS as Distributed by MLS Grid #6580660

Jan 1, 2025

Listing Removed

—

Oct 10, 2024

Price Changed

$569,000

$241/sq ft

Aug 29, 2024

Price Changed

$579,000

$245/sq ft

Aug 6, 2024

Listed

$599,000

$253/sq ft

NORTHSTARMLS as Distributed by MLS Grid #4796494

Aug 31, 2017

Sold

$325,000

$137/sq ft

Jul 27, 2017

Pending

—

Jul 22, 2017

Contingent

—

May 15, 2017

Price Changed

$335,000

$142/sq ft

Feb 20, 2017

Listed

$345,000

$146/sq ft

NORTHSTARMLS as Distributed by MLS Grid #4729664

Dec 30, 2016

Listing Removed

—

Oct 13, 2016

Price Changed

$340,000

$144/sq ft

Jun 17, 2016

Listed

$350,000

$148/sq ft

Public Records

Aug 24, 2005

Sold

$327,500

$139/sq ft

NORTHSTARMLS as Distributed by MLS Grid #3047093

Jul 13, 2005

Listing Removed

—

Jun 8, 2005

Listed

$359,000

$152/sq ft

NORTHSTARMLS as Distributed by MLS Grid #2336972

Jun 6, 2005

Listing Removed

—

Oct 5, 2004

Listed

$349,900

$148/sq ft

Public record

Public record
Zoning

Beds

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

0.96 Acres

Year renovated

1989

Finished Sq. Ft.

1,345

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,345

Year built

1989

Style

Single Family Residential

County

Le Sueur County

APN

14.019.2525

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 5, 2026.

Recreational Residential District

A District, adjacent to Recreational Development RD and Natural Environment NE lakes, to preserve areas which have natural characteristics suitable for both passive and active recreational usage. Also, it is the intent of this District to manage areas suitable for residential development of varying types, including permanent and seasonal housing. Some non-residential uses with minimal impacts on residential uses may be allowed.

Permitted uses

Include but are not limited to:

Housing-Single unit
Agriculture-Cropland
Agriculture-Pastureland

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

2/10 Heat Factor

7 days above 99° expected this year, 15 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Waterville, MN • 56096

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

96/ 100

Exceptional sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

11.2 hrs

6.4 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 48937 N Shore Rd

$591,829

$17K under list price of $609K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $275K to $535K.

SOLD JUN 8, 2026
$364,000 Last sold price
5 beds3 baths— sq ft
51489 Southridge Ln, Waterville, MN 56096
11 years older
SOLD APR 2, 2026
$382,000 Last sold price
2 beds1 bath— sq ft
810 N Shore Dr, Waterville, MN 56096
smaller lot
40 years older
SOLD NOV 13, 2025
$535,000 Last sold price
4 beds2 baths— sq ft
19935 Dodd Rd, Kilkenny, MN 56052
larger lot
13 years older
SOLD MAR 12, 2026
$310,000 Last sold price
4 beds2 baths— sq ft
20232 Tetonka Lake Rd, Waterville, MN 56096
larger lot
15 years older
SOLD JUL 30, 2026
$519,500 Last sold price
3 beds3 baths— sq ft
37618 Sugar Maple Ln, Montgomery, MN 56069
larger lot
22 years newer
unfinished basement
SOLD MAY 4, 2026
$275,000 Last sold price
3 beds1 bath— sq ft
705 1st St N, Waterville, MN 56096
smaller lot
89 years older
unfinished basement

Rental earnings

Est. $1,779 per month, based on comparable rentals

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Details provided by NORTHSTARMLS as Distributed by MLS Grid and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

See this home in person

Nearby open houses (3)

Around this home

Schools

Lifestyle

Offer insights

Property details

Sale and tax history for 48937 N Shore Rd

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 48937 N Shore Rd

Early Access listings

Nearby similar homes

New listings for sale in 56096

More real estate resources