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.
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.
NORTHSTARMLS as Distributed by MLS Grid #7072094
Aug 7, 2026
Pending
—
Jul 20, 2026
Price Changed
$249,000
$474/sq ft
Jun 28, 2026
Price Changed
$259,000
$493/sq ft
Jun 10, 2026
Price Changed
$279,000
$531/sq ft
May 22, 2026
Price Changed
$299,000
$570/sq ft
May 14, 2026
Listed
$349,000
$665/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,980 (+8.3%)
$155,800 + $70,600
$226,400
2024
$2,752 (−1.2%)
$155,800 + $68,900
$224,700
2023
$2,786 (+3.6%)
$157,000 + $65,000
$222,000
2022
$2,690 (+0.8%)
$137,000 + $48,000
$185,000
2021
$2,668 (+2.7%)
$137,000 + $41,400
$178,400
2020
$2,598 (+1.8%)
$137,000 + $35,000
$172,000
2019
$2,552
$135,000 + $32,700
$167,700
Public record
Beds
1
Baths
1
Stories
—
Lot width
—
Lot depth
—
Lot size
5,080 Sq. Ft.
Year renovated
1950
Finished Sq. Ft.
489
Unfinished Sq. Ft.
—
Total Sq. Ft.
489
Year built
1950
Style
Other
County
Le Sueur County
APN
24.600.0370
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 5, 2026.
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)
23
7
31
14
49
29
57
38
70
49
79
61
82
65
78
61
77
56
65
45
44
30
30
14
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 735 Reed St N
$242,423
$6,577 under list price of $249K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $128K to $382K.