735 Reed Street N, Waterville, MN 56096

$299,000
Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 543 Lot Size (sq. ft.): 4,792 Status: Active
Current Price: $299,000 List Date: 5/14/2026 Last Modified: 5/25/2026

Overview

Description

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.

Listing Details MLS# 7072094

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Road Btwn WF & Home?
No
Waterfront Frontage
40
Waterfront Present
Yes
Year Built
1950
Yearly/Seasonal
Yearly
Zoning
Shoreline, Residential-Single Family
Bath Three Quarters
Yes
Main Floor Total SqFt
543
Above Grd Total SqFt
543
Total SqFt
543
Total Finished Sqft
525.00
FireplaceYN
No
Lake/Waterfront Name
Tetonka
Style
(SF) Single Family
Foundation Size
543
Lot Dimensions
40 x 128
Acres
0.11
Assessment Pending
No
Number of Fireplaces
0
Bath Half
0
Bath Quarter
0
Below Grd Total SqFt
0
Garage Stalls
0
Association Fee
0

Property Features

Accessible: No Stairs Internal; Partially Wheelchair Air Conditioning: Window Unit(s) Amenities Unit: Cable; Ceiling Fan(s); Deck; Dock; Kitchen Window; Panoramic View; Patio Appliances: Microwave; Range; Refrigerator Basement: Crawl Space Construction Status: Previously Owned Dining Room Description: Informal Dining Room Electric: Circuit Breakers Elevation Highpoint to Waterfront Slope: Gradual Exterior: Cedar Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Lake Details: Sand Laundry: None Lot Description: Accessible Shoreline Parking Characteristics: Uncovered/Open Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Asphalt Shingles Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: One Water: City Water/Connected Waterfront View: Panoramic

Contract Information

Contingency
None
Original List Price
349000
ListPrice
299000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
735
Street Name
Reed
Street Suffix
Street
Street Direction Suffix
N
Postal City
Waterville
County
Le Sueur
State
MN
Zip Code
56096
Complex/Dev/Subdivision
Outlots-Snows Add

Assessments

Tax With Assessments
2980
Assessment Balance
0

Basement

Foundation Dimensions
21x24
Crawl Space
Yes

More Information

Building Information

Finished SqFt Above Ground
525

Elevation Highpoint to Waterfront Feet

Elevation Highpoint Waterfront Feet
10-15

Lake Details

Lake Acres
1357
Lake Depth
35
Sand
Yes

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
OUTLOTS-SNOWS ADDN 25 FT LAKE FRONT OF OUTLOT 1 & 15 FT OF VAC STREET ON S SIDE
Listing City
Waterville
Map Page
999
Municipality
Waterville
School District
Waterville-Elysian-Morristown
School District Phone
507-275-3115
DNR Lake ID#
40003100
DNR Lake Classification
Recreational Development
Zip Plus 4
8060
Property ID Number
246000370
Tax Year
2025
Tax Amount
2962
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
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.
Directions
From Hwy 60 turn N on Hwy 13, go across the bridge and turn L on N Reed St. Property is on the lake:-)

Accessible

No Stairs Internal
Yes
Partially Wheelchair
Yes

Air Conditioning

Window Unit(s)
Yes

Amenities Unit

Cable
Yes
Ceiling Fan(s)
Yes
Deck
Yes
Dock
Yes
Kitchen Window
Yes
Panoramic View
Yes
Patio
Yes

Appliances

Microwave
Yes
Range
Yes
Refrigerator
Yes

Construction Status

Previously Owned
Yes

Dining Room Description

Informal Dining Room
Yes

Electric

Circuit Breakers
Yes

Elevation Highpoint to Waterfront Slope

Gradual
Yes

Exterior

Cedar
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Insurance Fee

Insurance Fee
0

Lake/Waterfront

Lake Front
Yes

Laundry

None
Yes

Lot Description

Accessible Shoreline
Yes

Parking Characteristics

Uncovered/Open
Yes

Patio, Porch and Deck Features

Covered
Yes
Deck
Yes
Screened
Yes

Road Frontage

City Street
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Asphalt Shingles
Yes

Sellers Terms

Cash
Yes
Conventional
Yes

Sewer

City Sewer/Connected
Yes

Stories

One
Yes

Water

City Water/Connected
Yes

Waterfront View

Panoramic
Yes

Room Information

Room Name Dimensions Level
Porch 12x20 Main
IDX
Listing Office: BH Realty Group
Last Updated: May - 25 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.