Balaton Homes under $250,000

Welcome to Balaton, Minnesota – a charming small town nestled in the heart of Lyon County. Known for its tight-knit community and picturesque landscapes, Balaton offers a serene lifestyle that combines the beauty of rural living with the conveniences of modern amenities. With a population of just over 600 residents, this quaint town is perfect for those seeking a peaceful retreat while still being part of a vibrant community.

Balaton is surrounded by stunning natural scenery, including beautiful lakes and rolling farmland, making it an ideal location for outdoor enthusiasts. Residents can enjoy fishing, hiking, and biking in the nearby parks, while the town’s friendly atmosphere fosters a sense of belonging and camaraderie among neighbors. The local schools are highly regarded, providing excellent educational opportunities for families.

For those looking to make Balaton their home, the real estate market offers a variety of options, including charming homes priced under $250,000. These affordable properties are perfect for first-time homebuyers, retirees, or anyone looking to invest in a welcoming community. Whether you’re searching for a cozy bungalow or a spacious family home, you’ll find plenty of options that fit your budget and lifestyle.

In Balaton, you can enjoy the best of both worlds: a tranquil environment with easy access to nearby cities like Marshall and Worthington. With its affordable housing, friendly community, and beautiful surroundings, Balaton is truly a hidden gem in Minnesota. Come explore what this delightful town has to offer and discover the perfect place to call home!

Newest Balaton Homes under $250,000

$217,000

ACTIVE Status ⋅ 3 Beds ⋅ 1 Baths ⋅ 7156187 MLS ⋅ 1,844 SqFt.

Country living on 4 acres just minutes from Balaton! This 3-bedroom, 1-bath acreage offers the space, privacy, outbuildings, and peaceful setting buyers are looking for. Surrounded by a mature grove, the property provides beautiful country views while keeping you conveniently close to town. Inside, you'll find 2,432 total sq. ft. featuring an open floor plan, vaulted ceilings, abundant natural light, main-floor laundry, and updates throughout. Windows throughout the main-floor living spaces bring the beauty of the outdoors in and showcase views of the surrounding acreage and mature trees. The window-lined porch provides an inviting place to relax and enjoy the country setting. The basement can be accessed from inside the home as well as through enclosed exterior stairs. Outside is where this property really sets itself apart. The acreage includes a 1,200 sq. ft. pole shed, 600 sq. ft. barn with two lean-tos measuring 540 and 520 sq. ft., plus additional sheds currently used as a doghouse and chicken coop. Whether you're looking for storage, workshop or hobby space, or simply room to spread out, this property offers plenty of possibilities. If you've been searching for an acreage with outbuildings, a barn, mature trees, privacy, and convenient access to town, 2323 150th St. is one you'll want to see!

2323 150th Street, Balaton

Listing courtesy of Edina Realty, Inc..

$237,500

ACTIVE Status ⋅ 6 Beds ⋅ 3 Baths ⋅ 7151815 MLS ⋅ 2,536 SqFt.

Enjoy the best of country living with this spacious 6-bedroom, 3-bathroom home situated on 8.7 acres just off a tar road. Surrounded by beautiful mature trees and a well-maintained lawn, this property offers plenty of space, privacy, and room to enjoy the outdoors. Inside, you’ll find an updated kitchen with plenty of space for cooking and entertaining. The inviting living area features a propane fireplace, creating a warm and comfortable gathering space. The primary bedroom offers a private bath and walk-in closet for added comfort and convenience. A new patio door provides easy access to the outdoor space and allows plenty of natural light into the home. The property also includes an attached 2-car garage plus a shed for additional storage. With six bedrooms, three bathrooms, generous living space, and 8.7 acres to enjoy, this is a wonderful opportunity for anyone looking for room to spread out while still being conveniently located just off a tar road. Come take a look and see all this acreage has to offer!

1567 County Road 7, Balaton

Listing courtesy of Full Circle Realty Group.

$190,000

ACTIVE Status ⋅ 4 Beds ⋅ 2 Baths ⋅ 7155152 MLS ⋅ 1,978 SqFt.

Move-in ready and packed with updates! This charming 2-story home offers 4 bedrooms, 1½ baths, and plenty of space both inside and out. The main floor features a comfortable bedroom, while three additional bedrooms are located upstairs. You’ll love the enclosed front porch with its vaulted ceiling—a perfect spot to relax and enjoy your morning coffee. The home has been thoughtfully updated with numerous improvements, including a remodeled kitchen (2023), bathroom remodel (2022), new shingles on the home and garage (2023), boiler (2024), water heater (2025), plumbing and electrical upgrades (2020–2024), spray foam insulation (2022–2023), radon mitigation system (2020), and concrete improvements (2021). Situated on a double 100' x 165' lot, the property offers an exceptional outdoor setting with extensive landscaping, a spacious back deck, stamped concrete patio, and a hot tub—perfect for relaxing or entertaining. The 20' x 20' detached garage provides excellent space for parking, storage, or hobbies. With its spacious layout, extensive updates, great outdoor spaces, and move-in-ready condition, this home is ready for its next owner!

230 1st Street, Balaton

Listing courtesy of Creative Three, Inc..

$249,900

ACTIVE Status ⋅ 5 Beds ⋅ 3 Baths ⋅ 7094638 MLS ⋅ 2,634 SqFt.

Opportunity abounds with this roomy ranch style home. Situated on large water front lot, the views are stunning from all angles. Enjoy the sunrise from either the covered deck off dining room or from the patio outside the basement family room. Open floor plan on main level with primary suite separated from other 2 main floor bedrooms. Lower level offers walk out from family room, half bath and an additional 2 bedrooms as well as unfinished mechanical and storage space. Most of what is needed for this property to really shine are updates cosmetic in nature- lighting, flooring, paint etc. Call for your opportunity to view this home today!

1100 Eastbay Avenue, Balaton

Listing courtesy of Edina Realty, Inc..

$150,000

ACTIVE Status ⋅ 2 Beds ⋅ 1 Baths ⋅ 7075021 MLS ⋅ 1,080 SqFt.

Move-in ready and packed with possibilities! This beautifully updated 2 bedroom, 1 bathroom home has been extensively renovated from top to bottom, featuring all new plumbing, electrical, fixtures, doors windows, siding, flooring, sheetrock, water heater complete bathroom renovation and even a new sewer line already in place. The thoughtfully optimized floor plan offers comfortable living with a perfect main floor location for a stackable washer and dryer, plus a bonus room in the 1/4 story that would make a great office, hobby room, guest space, or additional storage area. Outside is where this property really shines- the detached triple stall garage is extra deep and offers incredible flexibility. The oversized third stall features an impressive 12-foot door, making it ideal for campers, boats, trailers, toys or oversized equipment. A steel roof gives you peace of mind for decades to come. Whether you're looking for the perfect owner-occupied setup, extra storage space, or an investment opportunity, this property delivers. Rent the house and each garage stall separately for multiple income streams, or keep part of the garage space for yourself while generating rental income from the rest. Clean, updated, functional, and ready to go- move in and be done!

641 Summit Avenue, Balaton

Listing courtesy of Edina Realty, Inc..

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