Lakeville Homes under $400,000

Welcome to Lakeville, Minnesota—a vibrant community nestled in Dakota County that perfectly blends suburban charm with the conveniences of modern living. Known for its beautiful parks, excellent schools, and a strong sense of community, Lakeville is an ideal place for families, professionals, and retirees alike. With its picturesque lakes and abundant outdoor recreational opportunities, residents can enjoy everything from hiking and biking trails to serene fishing spots, making it a haven for nature enthusiasts.

One of the standout features of Lakeville is its diverse real estate market, particularly for those looking for homes under $400,000. This price point opens the door to a variety of options, from cozy townhomes to spacious single-family residences, each offering a unique blend of comfort and style. Whether you’re a first-time homebuyer or looking to downsize, you’ll find properties that cater to your needs without compromising on quality or location.

Living in Lakeville means enjoying the best of both worlds—access to the bustling Twin Cities while being able to retreat to a peaceful suburban lifestyle. The community is well-connected, with easy access to major highways, shopping centers, and dining options. Plus, the local school district is highly regarded, making it a top choice for families.

Explore the charming neighborhoods of Lakeville, where your dream home awaits. With an array of affordable options, you can settle into a community that feels like home. Discover the potential of Lakeville today and take the first step toward making this wonderful city your new home!

Newest Lakeville Homes under $400,000

$265,000

3 Beds ⋅ 3 Baths ⋅ 7172441 MLS

**Beautifully Updated Townhome in a Highly Sought After Lakeville Neighborhood!** Welcome home to this beautifully refreshed 3 bedroom, 3 bathroom townhome offering the perfect combination of modern updates, comfortable living, and an unbeatable location! Step inside to discover a bright, inviting interior featuring fresh paint, brand new luxury vinyl plank flooring throughout, and stylish finishes that create a fresh, move in ready feel. The thoughtfully designed living spaces offer an ideal setting for both everyday living and entertaining, while the cozy fireplace provides the perfect place to unwind. The kitchen features new appliances, making meal preparation and hosting a breeze. Enjoy peace of mind with major mechanical updates, including a new furnace and new air conditioning system, offering added comfort and efficiency for years to come. Nestled in a highly desirable Lakeville neighborhood, this home is surrounded by an abundance of outdoor recreation and everyday conveniences. Explore miles of scenic walking and biking trails, nearby parks, and peaceful fishing ponds, all just moments from your doorstep. With shopping, dining, schools, and other amenities conveniently located nearby, you'll enjoy the perfect balance of tranquility and accessibility. Whether you're enjoying a quiet evening by the fireplace, exploring the beautiful surrounding trails, or taking advantage of everything Lakeville has to offer, this move in ready townhome truly has it all! Rentals and pets allowed. **Fresh updates, major mechanical improvements, and a fantastic location, don't miss this incredible opportunity!**

17090 Embers Avenue Unit 102, Lakeville

Listing courtesy of Real Broker, LLC.

$399,900

4 Beds ⋅ 2 Baths ⋅ 7169809 MLS

Beautifully renovated Lakeville home at an affordable price! Completely rehabbed by a licensed construction company, this move-in-ready home features all-new LVP flooring and carpet throughout, a brand-new kitchen with quartz countertops and stainless steel appliances, and fully renovated bathrooms. Enjoy a beautiful, private backyard setting and a fantastic location in a highly regarded school district. Conveniently located near freeways, parks, shopping, and dining! All the benefits of a beautifully updated home without the price tag of new construction!

19065 Jordan Trail, Lakeville

Listing courtesy of HOMESTEAD ROAD.

$250,000

2 Beds ⋅ 3 Baths ⋅ 7167215 MLS

Set on a quiet cul-de-sac in Lakeville, this well-maintained two-story townhome offers a welcoming place to settle in and make it your own. The main level floorplan flows from the entryway, through the living/dining rooms and kitchen. Step out to your private patio surrounded by mature trees and green space. The living room has a cozy gas fireplace perfect for an evening in. Walking upstairs brings you to the primary suite with vaulted ceilings, full bath and a walk-in closet. There is a second generous bedroom, full bath and a bonus loft area. Don't miss the oversized 2-car garage with room for storage and nearby guest parking. Come home to Lakeville - a growing community surrounded by lakes, trails, shops and dining - all conveniently located to get just about anywhere in the Twin Cities.

16371 Javari Court, Lakeville

Listing courtesy of Edina Realty, Inc..

$225,000

2 Beds ⋅ 2 Baths ⋅ 7099006 MLS

Welcome to this inviting Lakeville home featuring beautiful hardwood floors, a wood-burning fireplace, and an upper-level deck overlooking the spacious backyard! Both bedrooms are conveniently located on the same level, including a primary bedroom with a generously sized closet. The walkout lower level offers additional living space with a charming brick fireplace, perfect for relaxing or entertaining. Enjoy a fantastic location near Foxborough Park, Barley and Vine, shopping, and dining, with easy access to I-35. With great features already in place and plenty of opportunity to make it your own, this home is full of possibilities!

16980 Glenwood Avenue, Lakeville

Listing courtesy of Keller Williams Preferred Rlty.

18606 Jonesboro Court Unit 204, Lakeville

$312,900

3 Beds ⋅ 2 Baths ⋅ 7171234 MLS

This beautiful and bright townhome is an end unit in a great location! It is move-in ready and offers a very open floorplan for spacious living. The main level offers a large kitchen with an island, a dining room, and a open living room area and a deck. There are 3 bedrooms on the upper level with upper level laundry. Other features of the home include: stainless steel appliances, LVP floors, main level 1/2 bath, open floorplan concept, extra closets for plenty of storage, an extra deep 2 car garage, and a great side yard. This home is ideally located near shopping, dining, schools, walking trails, parks, freeway, and located in the highly rated Lakeville 194 School district!

18606 Jonesboro Court Unit 204, Lakeville

Listing courtesy of Bridge Realty, LLC.

18390 Lafayette Way Unit 228E, Lakeville

$325,000

3 Beds ⋅ 3 Baths ⋅ 7171015 MLS

Welcome to Prairie Lakes, where winding streets and quiet cul-de-sacs create a neighborhood you'll love coming home to! This inviting 3-bedroom, 3-bath end-unit townhome is filled with natural light thanks to its desirable southwest exposure. Inside, you'll find fresh paint throughout most of the home, brand-new upgraded carpet and padding, and plenty of space to spread out and enjoy. The spacious kitchen offers stainless steel appliances and an abundance of pantry cabinetry and handy breakfast bar, while the comfortable living room is the perfect place to unwind beside the cozy gas fireplace. Upstairs, discover a versatile loft that can easily become your home office, second family room, hobby haven, or favorite hangout space, Three generously sized bedrooms provide room for everyone, including a relaxing owner's suite featuring a large walk-in closet and private bath with separate tub and shower. Add in a generous laundry room and an oversized two-car garage, and you've got a home that checks all the boxes for comfort, space, and convenience! All located within walking distance to several restaurants, Target, Marshall's, Home Goods and easy freeway access. This home has it all!

18390 Lafayette Way Unit 228E, Lakeville

Listing courtesy of Edina Realty, Inc..

$389,990

3 Beds ⋅ 3 Baths ⋅ 7170300 MLS

5.99% fixed interest rate with a 2/1 Buy Down available on this home (Year 1- 3.99%, Year 2- 4.99% Year 3-30- 5.99%). Restrictions apply. Ask Sales Consultant for details! Available this October! Welcome to Cordelia—where comfort meets connection and every day feels a little more like home. This rare opportunity offers the only new-construction townhomes in the highly sought-after Lakeville North School District 194. Enjoy low-maintenance living just 20 minutes from the Twin Cities, with nearby parks, scenic trails, a community playground, and firepit. Minutes from Ritter Farm Park, King Park, and Lake Marion trails, plus easy access to Lakeville Brewing Company and the Crossroads Cub Foods retail corridor—blending outdoor beauty with everyday convenience.

17979 Genoa Drive, Lakeville

Listing courtesy of Pulte Homes Of Minnesota, LLC.

$374,990

4 Beds ⋅ 3 Baths ⋅ 7170164 MLS

Available August 2026! Welcome to Cordelia, a rare opportunity to own in the only new-construction townhome community in the highly sought-after Lakeville North School District 194. Enjoy low-maintenance living just 20 minutes from the Twin Cities, with nearby parks, scenic trails, a community playground, and firepit. Minutes from Ritter Farm Park, King Park, and Lake Marion trails, plus easy access to Lakeville Brewing Company and the Crossroads Cub Foods retail corridor—offering the perfect blend of outdoor recreation and everyday convenience.

17982 Genoa Drive, Lakeville

Listing courtesy of Pulte Homes Of Minnesota, LLC.

$344,990

3 Beds ⋅ 3 Baths ⋅ 7170155 MLS

Available September 2026! Welcome to Cordelia, a rare opportunity to own in the only new-construction townhome community in the highly sought-after Lakeville North School District 194. Enjoy low-maintenance living just 20 minutes from the Twin Cities, with nearby parks, scenic trails, a community playground, and firepit. Minutes from Ritter Farm Park, King Park, and Lake Marion trails, plus easy access to Lakeville Brewing Company and the Crossroads Cub Foods retail corridor—offering the perfect blend of outdoor recreation and everyday convenience.

17980 Genoa Drive, Lakeville

Listing courtesy of Pulte Homes Of Minnesota, LLC.

$369,990

3 Beds ⋅ 3 Baths ⋅ 7170118 MLS

5.99% fixed interest rate with a 2/1 Buy Down available on this home (Year 1- 3.99%, Year 2- 4.99% Year 3-30- 5.99%). Restrictions apply. Ask Sales Consultant for details Available October 2026! Welcome to Cordelia, a rare opportunity to own in the only new-construction townhome community in the highly sought-after Lakeville North School District 194. Enjoy low-maintenance living just 20 minutes from the Twin Cities, with nearby parks, scenic trails, a community playground, and firepit. Minutes from Ritter Farm Park, King Park, and Lake Marion trails, plus easy access to Lakeville Brewing Company and the Crossroads Cub Foods retail corridor—offering the perfect blend of outdoor recreation and everyday convenience.

17978 Genoa Drive, Lakeville

Listing courtesy of Pulte Homes Of Minnesota, LLC.

$349,900

4 Beds ⋅ 2 Baths ⋅ 7170017 MLS

Welcome to 7850 Grinnell Court E, a 4-bedroom, 2-bath home on a quaint cul-de-sac in Lakeville! Conveniently located to shopping, restaurants, and parks - enjoy a walkout basement, with a patio and fully fenced in backyard. New roof, new Andersen windows, new garage doors in 2026!

7850 Grinnell Court E, Lakeville

Listing courtesy of Counselor Realty, Inc..

$374,900

3 Beds ⋅ 2 Baths ⋅ 7168289 MLS

Wonderfully updated four level with fully fenced in corner lot and a 3 car heated and air conditioned garage. Open floorplan with REAL hardwood floors, log accents and 6 paneled doors. Primary en suite with 2 additional bedrooms in the UL. Custom cabinetry with natural stone backsplash, SS appliances and breakfast bar. Oversized main level family room with stone fireplace and easy access to backyard. Recent improvements include: 2026 furnace, 2025 refrigerator, 2024 roof, 2024 water softener, water heater, dishwasher, 2021 stove.

16433 Gannon Avenue, Lakeville

Listing courtesy of Re/Max Advantage Plus.

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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Lakeville Homes under $400,000

Newest Lakeville Homes under $400,000

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