Lake Elmo Homes under $400,000

Welcome to Lake Elmo, Minnesota—a hidden gem nestled in Washington County that combines the charm of small-town living with the conveniences of suburban life. Known for its picturesque landscapes, serene lakes, and vibrant community, Lake Elmo offers residents a unique blend of natural beauty and modern amenities. With its lush parks, scenic trails, and family-friendly atmosphere, it’s no wonder that so many are drawn to this enchanting area.

For homebuyers seeking affordability without compromising on quality, Lake Elmo presents an impressive selection of homes priced under $400,000. These properties range from cozy single-family homes to modern townhouses, catering to various lifestyles and needs. Whether you’re a first-time buyer, a growing family, or looking to downsize, there’s something for everyone in this charming community.

The homes in Lake Elmo are not only budget-friendly but also provide easy access to excellent schools, local shops, and recreational activities. Spend weekends exploring the nearby parks, such as Lake Elmo Park Reserve, where you can enjoy hiking, biking, and picnicking amidst breathtaking scenery. The city’s convenient location also means you’re just a short drive away from the bustling Twin Cities, making it easy to enjoy all the cultural and entertainment options Minneapolis and St. Paul have to offer.

In Lake Elmo, you’ll find a welcoming community that values connection and quality of life. Discover your dream home in this idyllic setting—where affordability meets charm, and every day feels like a vacation. Come experience the magic of Lake Elmo today!

Newest Lake Elmo Homes under $400,000

$360,000

3 Beds ⋅ 3 Baths ⋅ 7152675 MLS

Exceptional End-Unit Townhome with Privacy, Natural Light & Premium Features! Enjoy one of the most private locations in the complex! This unique end unit sits at the end of the row, farthest from the street, and backs to a large green space—offering exceptional privacy and a peaceful setting. The thoughtfully designed open floor plan creates a spacious, welcoming feel. The gorgeous kitchen features stainless steel appliances, a gas range, quartz countertops, center island, tile backsplash, and abundant white cabinetry for plenty of storage and workspace. The generous dining area easily accommodates a variety of table sizes, while luxury vinyl flooring throughout the main level provides both style and easy maintenance. The inviting living room features a cozy gas fireplace and walkout access to the patio, perfect for relaxing or entertaining. A convenient half bath completes the main level. South- and west-facing exposure fills the home with natural light throughout the day. Numerous windows feature custom blinds, and two storm doors provide excellent airflow throughout the home. Upstairs, a spacious loft offers flexible living space ideal for a family room, home office, or reading area. Three generously sized bedrooms are located on the third level, including a large primary suite with a 3/4 bath featuring a spacious dual-sink vanity and oversized walk-in closet. The second bedroom also includes a walk-in closet. Convenient upper-level laundry is located near all three bedrooms. Located in a highly desirable Lake Elmo/Woodbury area with easy access to freeways, shopping, dining, and recreation. Just minutes from Lake Elmo Park Reserve! Plenty or outdoor green space with large grassy area between the homes and neighborhood playground just right down the street. Private setting, abundant natural light, flexible living space, and an unbeatable location—this home has it all.

9799 5th Street Lane N, Lake Elmo

Listing courtesy of RE/MAX Results.

$99,900

3 Beds ⋅ 2 Baths ⋅ 7143109 MLS

Welcome to this updated 2018-built manufactured home offering 3 bedrooms, 2 full bathrooms, and a bright, open-concept floor plan designed for comfortable everyday living and entertaining. The remodeled kitchen is a standout feature, showcasing a spacious granite countertop island that provides additional prep space, seating, and a natural gathering point within the home. Recent updates, including newer laundry appliances, add convenience and make this home worth a closer look. The community offers a variety of amenities, including a swimming pool, playground, basketball court, golf course, and a community youth center with daycare services. With a functional layout, modern kitchen updates, and access to numerous community amenities, this home offers a great combination of space, comfort, and convenience. Schedule your showing and come see everything this home has to offer!

327 Cimarron, Lake Elmo

Listing courtesy of Pemberton RE.

$350,000

3 Beds ⋅ 3 Baths ⋅ 7146903 MLS

END UNIT • 3 BEDROOMS + LOFT • 3 BATHS • 2-CAR GARAGE • BUILT 2016 IN PRIME LAKE ELMO LOCATION! Bright and open main floor layout, featuring a large kitchen center island, quartz countertops, stainless steel appliances, and a cozy living room fireplace. Love the home but prefer a brighter kitchen? Be sure to view the Virtual Renovation photo showing how the kitchen could look with painted white cabinetry and a sage-green center island. A nearly identical unit just sold for $370,000-an excellent comparison with this home now offered at $350,000. The upper level boasts 3 large bedrooms plus a generous, flexible loft space. The primary suite has a private 3/4 bath, dual-sink vanity, and large walk-in closet. The 14x11 2nd bedroom also includes a walk-in closet. Grill out and relax on the patio right off the kitchen. Unbeatable location just minutes from shopping, dining, and easy I-94 access for a quick commute. Move-in ready and waiting for its next owner!

9757 5th Street Lane N, Lake Elmo

Listing courtesy of Real Broker, LLC.

$400,000

3 Beds ⋅ 3 Baths ⋅ 7144590 MLS

Beautiful 2021-built end-unit townhome in sought-after Lake Elmo, featuring the highly desirable Ashton floor plan! The stunning kitchen is the heart of the home, offering abundant cabinetry and counter space, an oversized center island, and custom lighting. The sun-filled dining area features stylish lighting and flows seamlessly into the spacious living room, complete with a cozy gas fireplace. The main level also offers a convenient mudroom off the attached two-car garage, a welcoming entryway filled with natural light, and a desirable half bath for guests. Upstairs, the luxurious primary suite features an upgraded private bath with tile flooring, tiled shower walls, glass shower doors, and a large walk-in closet. Two additional bedrooms-each with its own walk-in closet-provided flexible living space, with one currently being used as a pocket office. A full bathroom and convenient upper-level laundry complete the second floor. Outside, enjoy a premium lot with expansive backyard green space and an ideal location directly across from the neighborhood dog park. A wonderful combination of modern design, thoughtful upgrades, abundant storage, and an exceptional location!

9653 4th Street Lane N, Lake Elmo

Listing courtesy of RE/MAX Results.

8760 Island Trail Echo N Unit D, Lake Elmo

$393,310

3 Beds ⋅ 3 Baths ⋅ 7143524 MLS

Conventional 5.875%/6.208% APR or FHA/VA 5.25%/5.891% APR if closing by December 2023 with sellers preferred lender. Call for further details. Welcome to the beautifully designed Athens II plan at 8760 Island Trail Echo North Unit C . This stunning 3-bedroom, 2.5-bathroom townhome showcases 1898 square feet of expertly crafted living space across 3 stories, highlighting the exceptional features and finishes available in this community. Step inside to explore a thoughtfully designed open floorplan that seamlessly connects the living spaces. The kitchen is the heart of this model home, boasting an expansive island, ample storage, and contemporary finishes that inspire culinary creativity. It's an ideal setting for entertaining or daily living. Upstairs, the owner’s suite offers a luxurious retreat, complete with a spacious en-suite bathroom featuring a dual-sink vanity that combines style and functionality. Located in the desirable city of Lake Elmo with an amazing location right off Highway I-94 conveniently located to nearby dining, shopping, golf, entertainment, and more.

8760 Island Trail Echo N Unit D, Lake Elmo

Listing courtesy of M/I Homes.

8780 Island Trail Echo N Unit B, Lake Elmo

$396,135

3 Beds ⋅ 3 Baths ⋅ 7143509 MLS

Conventional 5.875%/6.208% APR or FHA/VA 5.25%/5.891% APR if closing by December 2023 with sellers preferred lender. Call for further details. Welcome to the beautifully designed Athens II plan at 8760 Island Trail Echo North Unit B . This stunning 3-bedroom, 2.5-bathroom townhome showcases 1898 square feet of expertly crafted living space across 3 stories, highlighting the exceptional features and finishes available in this community. Step inside to explore a thoughtfully designed open floorplan that seamlessly connects the living spaces. The kitchen is the heart of this model home, boasting an expansive island, ample storage, and contemporary finishes that inspire culinary creativity. It's an ideal setting for entertaining or daily living. Upstairs, the owner’s suite offers a luxurious retreat, complete with a spacious en-suite bathroom featuring a dual-sink vanity that combines style and functionality. Located in the desirable city of Lake Elmo with an amazing location right off Highway I-94 conveniently located to nearby dining, shopping, golf, entertainment, and more.

8780 Island Trail Echo N Unit B, Lake Elmo

Listing courtesy of M/I Homes.

$360,000

3 Beds ⋅ 3 Baths ⋅ 7141316 MLS

Beautiful end-unit townhome with 3 bedrooms, 2.5 bathrooms and a 2-car garage, thoughtfully updated throughout. The main level features an inviting living room, dining area and modern open kitchen with center island, quartz countertops, stainless steel appliances and tiled backsplash. Step outside to the patio with custom partial privacy fence and custom paver sidewalk unique to this property. Upstairs, the spacious primary suite features a fireplace, private 3/4 bath with dual sinks and a walk-in closet with custom built-ins and window seat. Two additional bedrooms, updated full bathroom, front-loading washer and dryer, and a loft provide plenty of flexible living space. Stylish finishes, custom accent walls and thoughtful updates throughout make this home truly move-in ready.

9933 5th St Lane N, Lake Elmo

Listing courtesy of RE/MAX Professionals.

8780 Island Trail Echo N Unit C, Lake Elmo

$398,434

3 Beds ⋅ 3 Baths ⋅ 7141726 MLS

Conventional 5.50%/5.659% APR or FHA/VA 4.875%/5.639% APR if closing by October 29th with sellers preferred lender. Call for further details. Welcome to the beautifully designed Athens II plan at 8760 Island Trail Echo North Unit C . This stunning 3-bedroom, 2.5-bathroom townhome showcases 1898 square feet of expertly crafted living space across 3 stories, highlighting the exceptional features and finishes available in this community. Step inside to explore a thoughtfully designed open floorplan that seamlessly connects the living spaces. The kitchen is the heart of this model home, boasting an expansive island, ample storage, and contemporary finishes that inspire culinary creativity. It's an ideal setting for entertaining or daily living. Upstairs, the owner’s suite offers a luxurious retreat, complete with a spacious en-suite bathroom featuring a dual-sink vanity that combines style and functionality. Located in the desirable city of Lake Elmo with an amazing location right off Highway I-94 conveniently located to nearby dining, shopping, golf, entertainment, and more.

8780 Island Trail Echo N Unit C, Lake Elmo

Listing courtesy of M/I Homes.

$399,000

3 Beds ⋅ 1 Baths ⋅ 7117092 MLS

1/2 ACRE WOODED LOT ACCENTED BI-LEVEL HOME. ENJOY SUMMER BREEZES FROM THE CEDAR , 3 bedrooms on one level.

8914 37th Street N, Lake Elmo

Listing courtesy of RES Realty.

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