Madison Lake Homes under $400,000

Welcome to Madison Lake, Minnesota—a hidden gem that perfectly blends the tranquility of small-town living with the vibrancy of outdoor activities and community spirit. Nestled amidst the picturesque landscapes of southern Minnesota, this charming city is known for its stunning lake views, friendly atmosphere, and a strong sense of community.

Madison Lake offers a delightful array of homes under $400,000, making it an ideal destination for first-time homebuyers, families, or anyone looking to embrace a serene lifestyle without breaking the bank. You'll find a variety of properties, from cozy single-family homes to inviting townhouses, all designed to cater to diverse tastes and lifestyles. Many of these homes feature modern amenities, spacious yards, and proximity to the lake, ensuring you can enjoy the beauty of nature right outside your door.

The community is rich with recreational opportunities, including boating, fishing, and hiking, all set against the stunning backdrop of the lake. Madison Lake also boasts a welcoming local culture, with community events, farmer's markets, and seasonal festivals that bring residents together to celebrate the joys of life in Minnesota.

With easy access to nearby cities like Mankato, Madison Lake offers the perfect balance of peaceful living and urban convenience. Whether you're drawn to the area's natural beauty or its friendly community vibe, Madison Lake is a wonderful place to call home. Explore the charming homes available under $400,000 and discover the lifestyle you've always dreamed of in this enchanting lakeside community!

Newest Madison Lake Homes under $400,000

24102 Greenland Road Unit #D12, Madison Lake

$79,900

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7150507 MLS ⋅ 1,320 SqFt.

Want seasonal living by the lake? Check out this 3-bedroom 2-bathroom home located in The Sakatah Trail Resort. The home is a 16x66 Friendship manufacture home built in 1998. The sellers had a professional install good foundation piers. They had a new metal roof installed in 2023 and also added a 12x22 addition off the back. It also has a 16'x10' deck in the front for those afternoons to sit and enjoy the outside. They have remodeled the bathrooms, put new oak cabinets in the kitchen and new flooring throughout, and added a Culligan Iron Curtain water softener. If you are looking for seasonal living, this may be the home for you.

24102 Greenland Road Unit #D12, Madison Lake

Listing courtesy of Action Realty.

$299,900

ACTIVE Status ⋅ 2 Beds ⋅ 1 Baths ⋅ 7139917 MLS ⋅ 834 SqFt.

Welcome this 2 bedroom cabin perched on Duck Lake and adjacent to a vibrant, golf car friendly lake community. Abundant opportunity to build equity with this price. Madison Lake offers the convenience of several popular bars/restaurants with live musical entertainment, a liquor store, grocery and an ice-cream shop. Property is conveniently located on a paved road and is connected to municipal water and sewer services. Pontoon lift and new dock are included in the sale.

614 Doran Drive, Madison Lake

Listing courtesy of Realty Executives Associates.

$195,000

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7137676 MLS ⋅ 1,216 SqFt.

Close to Madison Lake, this 3-bedroom, 2-bath home offers 1,216 finished square feet and a practical layout for everyday living. The private primary suite includes its own bath with a separate shower and tub. The kitchen and dining area connect easily to the living spaces, with a separate laundry room nearby. Outside, enjoy the deck, paver patio, storage shed, included hot tub, and wood privacy fence. The insulated and heated detached two-car garage adds year-round parking, storage, or workspace flexibility. The property offers easy access to Madison Lake and is within walking distance of the beach.

701 Oak Avenue, Madison Lake

Listing courtesy of RE/MAX Advantage Plus.

$380,000

ACTIVE Status ⋅ 4 Beds ⋅ 4 Baths ⋅ 7124563 MLS ⋅ 3,812 SqFt.

Welcome to a warm and inviting Madison Lake retreat where timeless stonework, generous living spaces, and beautiful natural surroundings come together on a spacious 0.53-acre lot. The home offers four bedrooms and four bathrooms, with a comfortable layout that provides plenty of room to gather. Large windows bring in abundant natural light, while multiple living spaces offer flexibility for entertaining or quiet evenings at home. A screened porch and expansive deck extend the living space outdoors, creating inviting spots to take in the peaceful surroundings and enjoy the outdoors. The full basement adds even more opportunity for hobbies, while the oversized detached garage provides exceptional room for vehicles, equipment, or a workshop. With its distinctive character, spacious grounds, and close proximity to Madison Lake, parks, and local amenities, this property offers a special place to settle in and enjoy all that the area has to offer.

813 7th Street, Madison Lake

Listing courtesy of Keller Williams Preferred Rlty.

$349,900

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7113540 MLS ⋅ 1,572 SqFt.

**UNDER CONSTRUCTION – 3 BEDROOM, 2 BATH ONE-LEVEL PATIO HOME!** A brand-new home designed with everyday comfort and functionality in mind! This under-construction patio home features **3 bedrooms, 2 bathrooms, and an attached 3-car garage**, with the entire floor plan conveniently located on one level. The main living area serves as the heart of the home, bringing the living room, dining area, and kitchen together in one spacious, open setting. The kitchen is finished with granite countertops, stainless steel appliances, soft-close cabinetry and drawers, a tile backsplash, and a spacious pantry, providing plenty of storage and workspace while keeping everything connected to the surrounding living areas. The primary bedroom is set apart with its own private bathroom featuring a walk-in shower, dual sinks, and quartz countertops, along with a spacious walk-in closet. Two additional bedrooms and a second bathroom provide plenty of flexibility for family, guests, a home office, or additional living space. Quartz countertops are featured in both bathrooms for a cohesive finish throughout the home. A convenient laundry/mudroom is located just inside the garage entrance, creating a practical drop zone and making day-to-day routines a little easier. The attached **3-car garage** provides generous space for vehicles, storage, and additional everyday needs. Currently under construction, this 3-bedroom, 2-bath patio home combines a practical one-level layout with an open main living area, generous garage space, and quality finishes throughout. A great opportunity to enjoy the simplicity and convenience of brand-new, one-level living! Listing pictures are of a previous model.

286 Three Lakes Drive, Madison Lake

Listing courtesy of Miller Real Estate.

$364,900

ACTIVE Status ⋅ 4 Beds ⋅ 3 Baths ⋅ 7115124 MLS ⋅ 1,738 SqFt.

Looking for space, storage, and endless possibilities? Welcome to 22082 State Highway 60, just outside of Madison Lake. Situated on 5 beautiful acres, this property offers the perfect blend of country living and functionality with room for animals, outbuildings for storage and garage space, fruit trees, vineyard, a new septic system, and plenty of space to enjoy the outdoors. The home is currently configured as a duplex, offering flexibility for multi-generational living, rental income, or the option to convert it back to a single-family home with only minor work. The main level features two bedrooms, a spacious kitchen, both a living room and family room, and a full bathroom. Upstairs you'll find two additional bedrooms, a second kitchen, and another bathroom, creating more possibilities to fit your needs. Whether you're looking for extra space, hobby farm potential, or a property with flexible living arrangements, this one is worth a look. Schedule your private showing today!

22082 State Highway 60, Madison Lake

Listing courtesy of Re/Max Advantage Plus.

$388,750

ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 7111066 MLS ⋅ 1,970 SqFt.

Enjoy all the perks of association living within the popular Connor's Point with boat slip access to Lake Washington. End unit with open concept main level with beautiful brick gas fireplace. Sip your morning coffee on the large deck with a view of the lake and overlooking the lush 4-acre grounds. Both bedrooms located on main level and primary bedroom includes a walk-in closet and private 3-season porch. Lower level includes an additional bathroom, large storage/mechanical/laundry area as well as family room with a paver patio just outside the sliding doors. Attached garage is heated and is capable of storing up to 3 vehicles. An additional bonus with this unit is the detached 24 x 30 garage space which provides additional storage for boats, ATV's and/or vehicles. Roof replaced in 2019.

6105 Shamrock Drive, Madison Lake

Listing courtesy of Realty Executives Associates.

$339,900

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7101878 MLS ⋅ 1,520 SqFt.

Convenient one-level living at its best! This thoughtfully designed patio home features an attached three-car garage and an open-concept floor plan that seamlessly connects the living room, dining area, and kitchen. The kitchen is beautifully appointed with granite countertops, stainless steel appliances, soft-close cabinetry and drawers, a tile backsplash, and a spacious pantry. The private primary suite offers a walk-in shower, dual vanities with quartz countertops, and a generous walk-in closet. Additional highlights include quartz countertops in all bathrooms, a convenient laundry/mudroom just off the garage entrance, and quality finishes throughout the home. Photos shown are of a previously completed model. Finishes and selections may vary.

282 Three Lakes Drive, Madison Lake

Listing courtesy of Miller Real Estate.

$259,900

ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 7069138 MLS ⋅ 1,356 SqFt.

2 BR, 2 BA Twin home, conveniently located on the Sakatah Trail near the edge of Madison Lake. Vaulted ceilings, open floor plan for the kitchen, dining and living areas. The Primary BR boasts a large walk-in closet and a large private bath. This bathroom includes dual vanity sinks, bathtub/shower, and an additional stand alone shower. Entry level living is available and ready for your convenience. Don't miss your opportunity to enjoy the weather out on the patio even more comfortably protected by the privacy fence, as you take in all the beautiful landscaping. The TV in the primary bedroom will stay. The fireplace in the living room and the freezer in the garage are negotiable items that are available. Call today to schedule your showing.

709 Tomahawk Court, Madison Lake

Listing courtesy of Home Run Realty.

$399,900

ACTIVE Status ⋅ 4 Beds ⋅ 4 Baths ⋅ 6780046 MLS ⋅ 2,219 SqFt.

Unique property located near Duck Lake on 1/2+ acre lot on the edge of town! Currently set up as a duplex but would make a great owner occupant property with a separate mother in law suite. Nestled on a large corner lot with a total of 4 bedrooms, 4 baths and a 3 car garage. The east side has had recent updates and has recently been rented out. The west side has a month to month renter who would love to stay and help make your payments. A rare find in excellent condition with separate tenant paid utilities.

101 N Duck Lake Avenue, Madison Lake

Listing courtesy of RE/MAX Advantage Plus.

$274,900

ACTIVE Status ⋅ 3 Beds ⋅ 3 Baths ⋅ 6763026 MLS ⋅ 1,888 SqFt.

Brand new townhome for sale that includes New Construction Warranty! Main floor has open living space with kitchen, dining room, and living room. Kitchen has solid surface countertops, soft-close drawers & cupboards, and appliances are included. A main floor half-bath is located near the garage entry. Upstairs you'll find a loft and 3 bedrooms. The primary bedroom has its own private bathroom with walk-in shower; and a large walk-in closet. The laundry room is located on the 2nd floor; as well as a full bathroom. Enjoy the outdoors on the front porch or patio. Lots of natural light, modern finishes, and an abundance of storage throughout! The home is minutes away from 3 popular lakes (Madison Lake, Duck Lake, and Lake Washington). A public beach is only a 3 minute drive, and the Sakatah Trail is just steps away from the front door (for hiking and biking). There are 3fun bar/restaurants in town, and shopping is only 15 minutes away in Mankato. This is small town living at its best!

809 Tomahawk Court, Madison Lake

Listing courtesy of Weichert Realtors, Community Group.

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