Forest Lake Homes under $400,000

Welcome to Forest Lake, Minnesota – a picturesque city that beautifully blends natural beauty with a vibrant community spirit. Nestled just north of the Twin Cities, Forest Lake is renowned for its stunning lakes, lush parks, and a welcoming atmosphere that makes it a fantastic place to call home. With a rich history and a strong sense of community, this charming city offers a range of recreational activities, from fishing and boating on the pristine Forest Lake to exploring the scenic trails that wind through its many parks.

For those seeking affordable housing options, Forest Lake is an excellent choice. The real estate market here features a variety of homes priced under $400,000, making it accessible for first-time buyers, families, and anyone looking to invest in a slice of Minnesota paradise. Whether you’re interested in cozy single-family homes, townhouses, or spacious split-levels, you’ll find plenty of options that fit your budget and lifestyle.

Living in Forest Lake means enjoying a peaceful suburban atmosphere while having easy access to urban conveniences. The city boasts a friendly downtown area with charming shops, delightful restaurants, and community events that bring residents together. Plus, with top-rated schools and a strong emphasis on community engagement, it’s no wonder families are flocking to this idyllic setting.

Discover your dream home in Forest Lake today, where affordability meets quality living in a community that truly feels like home. Embrace the charm, warmth, and opportunities that await you in this beautiful corner of Minnesota!

Newest Forest Lake Homes under $400,000

$350,000

4 Beds ⋅ 2 Baths ⋅ 7155957 MLS

Enjoy lake views and an unbeatable location just steps from downtown Forest Lake! This move-in-ready two-story home sits directly across from a coffee shop and within easy walking distance of local bars, restaurants, and everything downtown has to offer. Shopping, groceries, and quick access to I-35 are just minutes away. Inside, you’ll find 4 bedrooms, 2 bathrooms, fresh paint throughout, and beautifully refinished hardwood floors. With two kitchens, the home offers great flexibility for multi-generational living, roommates, guests, or investment opportunities. Relax and take in views of Forest Lake from the spacious three-season porch. A unique opportunity to enjoy a convenient, walkable location, lake views, and plenty of living space at an affordable price!

467 N Shore Drive, Forest Lake

Listing courtesy of Edina Realty, Inc..

$330,000

3 Beds ⋅ 3 Baths ⋅ 7154454 MLS

Welcome home to this spacious 3-bedroom, 3-bath home offering a great combination of comfort, functionality, and outdoor space in a convenient Forest Lake location. Freshly painted and move-in ready, the home features a bright, inviting floor plan with generous living spaces, a wood-burning fireplace, and convenient main-floor laundry. The spacious primary suite offers a private bath and plenty of room to unwind. Outside, enjoy a large, fully fenced backyard with an expansive deck, fire pit area, and storage shed—an ideal setup for entertaining, pets, play, or simply enjoying Minnesota summers. An attached 2-car garage adds everyday convenience and additional storage. Located close to Forest Lake, parks, shopping, restaurants, and commuter routes, this home offers the space you're looking for with easy access to everything the area has to offer. Move right in and make it your own!

23895 Granada Avenue N, Forest Lake

Listing courtesy of RE/MAX Results.

$342,990

3 Beds ⋅ 3 Baths ⋅ 7154064 MLS

This home is under construction and will be move-in ready in November! This elegant two-story townhome welcomes you with an inviting open-concept first floor that is perfect for entertaining and everyday life. Step inside this end unit to a bright Great Room featuring an electric fireplace, seamlessly connected to a charming dining space and a modern kitchen lined with sleek stainless steel appliances. Just past the kitchen, glass sliding doors reveal a private patio ideal for al fresco dining or relaxing after a busy day. Upstairs, discover two spacious secondary bedrooms and a luxurious owner’s suite complete with a full-sized private bathroom and a generous walk-in closet for ultimate comfort. Convenience is at your fingertips with a mudroom connected to your own two-car garage, providing plenty of room for storage and easy access. With its low-maintenance layout, thoughtful finishes and sought-after amenities, homes like this don’t stay available for long—act now before it’s gone! Forest Lake offers a charming small-town feel with a well-regarded school district, numerous parks, lakes and recreational activities. Less than five miles northwest is Target, Walmart, Aldi, a handful of restaurants and retail spaces. Residents enjoy easy access to Highway 61 and I-35 makes travel a breeze.

6179 205th Street N, Forest Lake

Listing courtesy of Lennar Sales Corp.

$315,000

3 Beds ⋅ 3 Baths ⋅ 7152266 MLS

No foreclosure or short sale here. Wonderfully maintained 3 BR on one level, 3 bath home. Open floor plan concept, vaulted ceilings, large kitchen with nice informal eat in area. Nice end unit, with walk-out patio.

4817 200th Street N, Forest Lake

Listing courtesy of Keller Williams Realty Integrity Lakes.

$234,900

2 Beds ⋅ 2 Baths ⋅ 7067910 MLS

Looking for an end-unit townhome in Forest Lake with natural light, comfortable living spaces and a convenient two-level layout? Offered for sale by the original owner, this 2003-built, 2-bedroom, 2-bathroom townhome is located at the end of an 8-unit building and enjoys desirable southern and western exposure. The main level features warm acacia wood flooring, a gas-burning fireplace and easy access to a private patio, creating an inviting space for relaxing or entertaining. Upstairs, an additional loft or hangout area provides flexible space for a home office, reading nook or second living area. Both bedrooms are located upstairs along with conveniently placed laundry. The primary bedroom offers a walk-in closet and easy bathroom access. Updates include a 2022 furnace and refrigerator, 2024 washer and dryer, 2026 stove, 2017 air conditioner and water heater, and 2011 microwave. When all the mechanicals have been updated for you then all that is left is the fun part; cleaning and cosmetics... Lets face it, your version of clean is not the same as another persons version of clean! A wonderful opportunity for low-maintenance townhome living in Forest Lake, Minnesota.

21195 N Clydesdale Curve, Forest Lake

Listing courtesy of LaBelle Real Estate Group Inc.

$394,900

3 Beds ⋅ 2 Baths ⋅ 7148872 MLS

Welcome to this lovely well maintained home. Nice sized foyer with access to three car garage. The eat in kitchen offers SS appliance, an island and plenty of counter space. Spacious living/dining room walks out to deck and private back yard. Primary suite is spacious and offers a private deck, Walk in closet and roll in shower. Two additional bedrooms and a full bath. Room to expand with a roughed in lower level, instant equity. Water softener, furnace 2024. Designed for accessible living, this home features thoughtful modifications, including a private outdoor elevator providing easy access to the second floor and an indoor chairlift for seamless navigation between levels.

7596 216th Street N, Forest Lake

Listing courtesy of LaBelle Real Estate Group Inc.

$289,900

3 Beds ⋅ 2 Baths ⋅ 7149173 MLS

Welcome to 22413 Evergreen Cir, a beautifully refreshed townhome offering modern comfort in a highly desirable neighborhood surrounded by single-family homes. Recent updates include new flooring throughout, new kitchen appliances, updated countertops, modern light fixtures, and a new washer and dryer, giving the home a clean, contemporary feel from top to bottom. The layout provides easy, low-maintenance living with a well-run HOA that takes care of the details. Enjoy close proximity to city parks, local amenities, and quick access to I-35W, making daily commutes and weekend plans effortless. A move-in-ready home in a fantastic location—perfect for anyone seeking convenience, updates, and a great neighborhood setting.

22413 Evergreen Circle, Forest Lake

Listing courtesy of LPT Realty, LLC..

$219,900

2 Beds ⋅ 2 Baths ⋅ 7148791 MLS

Price reduced and is ready to go. Newly painted. New upper level carpet replaced. New sparkling stainless appliances in place. Furnace has been serviced. Enjoy the fireplace to take off the seasonal chill. Cozy loft. Garage is iinsulated and includes a garage heater.Home has been professionally cleaned. New water heater. Ready for your enjoyment. Tree lined streets, Quick access to 35 N. This property is located South of Forest Lake. Move in ready. Quick sale is possible.

5272 N 207th Street N, Forest Lake

Listing courtesy of Real Estate Masters, Ltd..

$325,000

2 Beds ⋅ 1 Baths ⋅ 7146705 MLS

Enjoy single-family living without the yard work - this like new single-family home lets your neighbor handle the mowing and snow removal for a surprisingly affordable fee. All the space and privacy of owning your own home, none of the maintenance hassle. It's truly the best of both worlds! Easy one-level living in this well-maintained 2-bedroom, 1-bath home located in the heart of Forest Lake. Built in 2010, this thoughtfully designed home offers 1,220 finished square feet with an open and functional floor plan. The spacious living room flows seamlessly into the kitchen and dining area, featuring a center island, abundant cabinetry, and a kitchen window that fills the space with natural light. The primary bedroom includes a large walk-in closet, while the second bedroom provides flexibility for guests, a home office, or hobby space. Convenient main-floor laundry and a full bath add to the home's practical layout. Additional features include central air conditioning, in-ground sprinklers, city water and sewer, and all living facilities located on one level. The insulated and finished 2-car attached garage offers ample storage and workspace. Step outside to enjoy the deck and manageable yard, perfect for relaxing or entertaining. Located near local amenities, parks, shopping, and with easy access to major roadways, this move-in-ready home offers comfort, convenience, and low-maintenance living.

6479 204th Street N, Forest Lake

Listing courtesy of RE/MAX Synergy.

$383,000

3 Beds ⋅ 2 Baths ⋅ 7145772 MLS

One-level home with a finished lower level, offering an open layout, flexible living spaces, and numerous updates. The inviting living room features a vaulted ceiling, gas fireplace with chimney, and French doors opening to a large spacious screened-in porch—creating a fantastic extension of the living space for relaxing or entertaining. The screened in porch overlooks the scenic backyard where wildlife creates it’s private sanctuary. Here you will find numerous animals like deer, red fox, coyotes, turkey, hummingbirds, robins, and way more. The main level also features two bedrooms, a breezeway, a main floor bathroom, a dining room, and a breakfast area conveniently located off the kitchen. The refreshed main-level full bathroom features a new shower surround (2026), new flooring, faucet, hardware, framing, fresh paint, flat ceiling, and updated light and ceiling fan with customizable colors and music-sync capability. The finished lower level adds even more versatility with a third bedroom featuring private access located off of the patio tucked behind on aesthetically pleasing retaining wall, plus a ¾ bathroom with walk thru-tile surround shower, plus an additional non-conforming bedroom with a closet—perfect for a home office, guest space, fitness room, hobby room, you name it. Recent lower-level improvements include fresh paint, new flooring in the secondary bedroom and non-conforming room, plus new white paneled pre-hung interior doors and new trim work. Outside, enjoy the large spacious screened-in porch with ceiling fans, concrete backyard patio, brick sidewalk and driveway edging, along with a breezeway connecting to the heated and insulated garage. Govee permanent exterior holiday lighting adds convenience and year-round curb appeal. Additional improvements include a new roof, owned water softener, new sump pump and battery-backup sump pump (2025), dimmer switches throughout. For added peace of mind, a home warranty is included with the purchase and will transfer to the new owners. One-level living, a finished lower level, flexible bonus space, great indoor-outdoor living, and valuable updates already completed, and just a few blocks from Forest Lake! This home is ready for its next chapter!

7611 229th Street N, Forest Lake

Listing courtesy of Keller Williams Integrity NW.

$339,990

3 Beds ⋅ 3 Baths ⋅ 7144885 MLS

This home is under construction and available for an October closing! This brand new two-story end unit townhome combines comfort and convenience with a double-height foyer to welcome residents and guests into the home. Down the hall is a Great Room with an electric fireplace for shared moments, a dining room for memorable meals and a modern kitchen for adventurous cooks. Through sliding glass doors is a patio to provide serene outdoor moments. The upper level is occupied by three restful bedrooms, including the spacious owner’s suite with an attached full-sized bathroom and walk-in closet. Completing the home is a two-car garage with convenient mudroom access.

6143 205th Cove N, Forest Lake

Listing courtesy of Lennar Sales Corp.

$305,125

2 Beds ⋅ 2 Baths ⋅ 7132677 MLS

ABSOLUTELY ADORABLE!!! Get Here NOW! Fully Refreshed & Ready to Transfer the Baton of Ownership to YOU!!! All NEW FABULOUS Flooring-PRETTY Paint-SWEET Stainless Kitchen Appliances-FABULOUS Lighting-GORGEOUS Hardware-PERKY Plumbing Fixtures-SUPER FUN Countertops! This End Unit Overlooking the ONLY Pond Wetland Area in the Development Now Available!!! Private Primary Suite Separate from Guest Bedroom! Sunroom is on SOUTH Side! Need I Say More?! It is SO CUTE and SO FUNCTIONAL!!! ZERO Wasted Space!!! ***All This AND Affordable Too?!*** Low Association Dues ***Do Not Miss the IN FLOOR HEAT for EFFICIENCY*** So Much Green Space! Yes-It is Off 97...But OH SO PRIVATE!!! Come See These Patio Areas-You WILL Be Thrilled!!! Be the Fortunate New Homeowner at 1010 18th Ave SE!!! Best Success! Quick Closing Preferred!

1010 18th Avenue SE, Forest Lake

Listing courtesy of Keller Williams Classic Realty.

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