Mountain Lake Homes under $250,000

Welcome to Mountain Lake, Minnesota—a charming city that perfectly blends small-town warmth with stunning natural beauty. Nestled in the heart of Cottonwood County, Mountain Lake is renowned for its picturesque landscapes, friendly community, and rich cultural heritage. With a population of just over 2,000 residents, this close-knit community offers a peaceful lifestyle, making it an ideal place for families, retirees, and anyone seeking a tranquil retreat.

One of the most attractive features of Mountain Lake is its affordability. If you’re on the lookout for homes under $250,000, you’ll be delighted to discover a variety of options that cater to different tastes and preferences. From cozy single-family homes to charming bungalows, the real estate market here offers something for everyone. Imagine settling into a quaint home surrounded by lush greenery and friendly neighbors, all while enjoying the benefits of homeownership without breaking the bank.

Outdoor enthusiasts will find plenty to love about Mountain Lake. The city is surrounded by beautiful parks, scenic trails, and, of course, the serene Mountain Lake itself, perfect for fishing, boating, and picnicking. Additionally, the community hosts various events throughout the year, fostering a strong sense of belonging among residents.

Whether you’re looking to invest in your first home, downsize, or find a peaceful getaway, Mountain Lake offers an inviting atmosphere and a wealth of affordable housing options. Come explore this hidden gem in Minnesota and discover why so many are proud to call Mountain Lake home!

Newest Mountain Lake Homes under $250,000

$180,000

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7158515 MLS ⋅ 1,548 SqFt.

This beautifully renovated 3 bedroom, 2 bathroom home sits on .38 acres and offers a spacious yard along with the character of an older home and the peace of mind of a major renovation completed from the ground up. The interior was fully gutted and rebuilt with spray foam insulation, new electrical service, panels, wiring and devices, new plumbing throughout, new sewer line, new ductwork, a new sump pump, and plumbing already roughed in for a future basement bathroom. The home also features a high efficiency modulating furnace, 2 stage central air with dehumidification, on demand water heater, passive radon system, updated smoke and carbon monoxide alarms, dimmable lighting throughout much of the home, and upgraded 5/8 inch drywall. The main floor offers a beautiful kitchen with updated cabinetry, a large center island, stainless steel appliances, a walk in pantry, spacious dining and living areas, and a full bathroom. Upstairs you will find all three bedrooms, including a generous main bedroom with a walk in closet, along with a second full bathroom and additional conditioned attic storage. Beautiful flooring and carpet, a 1 stall detached garage, great curb appeal, and a large yard complete this impressive move in ready home.

609 6th Avenue, Mountain Lake

Listing courtesy of Heartland Real Estate Services LLC.

$115,000

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7140888 MLS ⋅ 1,171 SqFt.

Charming, comfortable, and full of character! This 3-bedroom, 1½-bath home offers a welcoming layout with a spacious living room, a separate dining area, and a kitchen with ample cabinetry and stainless-steel appliances. With one bedroom and a full bath on the main level, plus two bedrooms and a convenient half bath upstairs, the floor plan offers flexibility to accommodate a variety of needs. Step outside and you’ll find one of the home’s standout features—a spacious, shaded yard, plus a private patio area ready for summer evenings, grilling, and entertaining. The attached one-car garage and newer concrete driveway add everyday convenience, while the unfinished basement provides laundry, storage, workout, and hobby space. Affordable homeownership with room to make it your own—see all that 423 10th St S has to offer! Schedule your showing today!

423 10th Street S, Mountain Lake

Listing courtesy of Heartland Real Estate Services LLC.

$89,000

ACTIVE Status ⋅ 4 Beds ⋅ 1 Baths ⋅ 7138033 MLS ⋅ 1,928 SqFt.

Enjoy country style living just outside the Mountain Lake city limits with this one acre property located in Midway Township. The spacious, level lot is surrounded by mature trees and offers plenty of room for a large garden, outdoor entertaining, or additional yard space. The property is also connected to city sewer for added convenience. Inside, the home offers three bedrooms and one full bathroom. The main level features a large eat in kitchen, living room, primary bedroom, full bathroom, laundry area, and a generous family room with an additional storage room. Upstairs you will find two more bedrooms along with a bonus area that could be used as an office, playroom, or extra living space. Recent updates include a newly replaced roof with brand new shingles, new carpet throughout much of the home, and new flooring in the entry and bathroom. A single detached garage provides additional parking and storage. Schedule your showing today!

57736 370th Street, Mountain Lake

Listing courtesy of Heartland Real Estate Services LLC.

$130,000

ACTIVE Status ⋅ 3 Beds ⋅ 3 Baths ⋅ 7130740 MLS ⋅ 1,673 SqFt.

COME AND LOOK THIS 3 BEDROOM , 2 BATH HOUSE , CLOSE TO DOWNTOWON , NEW SIDING , NEW CARPET, MANY UPDATES AROUND, FENCED YARD. COME AND SEE IT , IT'S WAITING FOR YOU !!

718 9th Street N, Mountain Lake

Listing courtesy of River's Edge Realty.

$140,000

ACTIVE Status ⋅ 5 Beds ⋅ 3 Baths ⋅ 7116237 MLS ⋅ 2,400 SqFt.

This 5-bedroom, 2.5-bath home is conveniently located near schools, parks, and downtown. Recent updates include new windows, doors, and hardwood flooring. The main floor offers a full bedroom and bath, along with a laundry area for easy everyday living. An attached double garage provides plenty of parking and storage. You’ll also find a connected shop or bonus room that can serve as a game room, hobby space, or flexible area to suit your needs. Whether you’re an investor or a buyer looking for a home with great potential, this property offers endless possibilities!

516 11th Street N, Mountain Lake

Listing courtesy of EXIT Realty - Great Plains.

$165,000

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7102174 MLS ⋅ 1,292 SqFt.

Welcome home to this move in ready 3-bedroom, 2-bath property offering comfortable main level living and plenty of space inside and out. The home features new flooring throughout, updated windows in the kitchen and bedroom, and the convenience of a main level washer and dryer. Enjoy a welcoming front porch entry, along with a backyard deck that is perfect for relaxing or entertaining. Sitting on a spacious double lot approximately 100 feet wide and 250 feet deep, this property offers a large yard with room to enjoy. The storage shed stays with the property, and the attached 2 stall garage also doubles as a great workshop space. A well kept home with great features, outdoor space, and move in ready convenience!

1519 6th Avenue, Mountain Lake

Listing courtesy of Heartland Real Estate Services LLC.

$235,000

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7100619 MLS ⋅ 1,996 SqFt.

Be the first to enjoy this fully remodeled 3-bedroom, 2-bath home! The floor plan creates an easy flow between the spacious living, dining, and kitchen areas—perfect for everyday comfort and hosting guests. The center island doubles as a practical workspace and a welcoming spot for gathering. The main level features two bedrooms and a full bath, along with a large closet designed to accommodate plumbing for a stackable washer and dryer. The lower level includes a third bedroom with egress windows and a ¾ bath. This home has seen many updates, including new HVAC, upgraded electrical, vinyl siding, windows, GE appliances, flooring, and more. Outside, you’ll find a generous 320 sq. ft. patio, an attached single-stall insulated garage, and an additional 373 sq. ft. detached garage. Move-in ready and thoughtfully redesigned, this home is waiting for someone to make it their own. Come take a look!

1502 2nd Avenue, Mountain Lake

Listing courtesy of EXIT Realty - Great Plains.

$229,900

ACTIVE Status ⋅ 5 Beds ⋅ 1 Baths ⋅ 7093042 MLS ⋅ 3,520 SqFt.

Rare opportunity to own 7.02 acres in Mountain Lake, Minnesota. This spacious property features a 5-bedroom home with nearly 4,000 square feet, a large detached garage, and multiple outbuildings offering endless possibilities. Recent updates include a brand-new roof, new siding, and new flooring throughout much of the home. Whether you are looking for a hobby farm, investment opportunity, storage space, or country living with room to grow, this property has the space and potential to make it happen. Conveniently located on a corner lot with paved road access, this property offers the perfect combination of privacy, acreage, and opportunity. Bring your vision and enjoy the peace and freedom that only country living can provide. Schedule your private showing today.

93883 580th Avenue, Mountain Lake

Listing courtesy of RE/MAX Results.

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