Prior Lake Homes under $400,000

Welcome to Prior Lake, Minnesota, a charming city nestled in the heart of Scott County. Known for its picturesque lakes, vibrant community spirit, and scenic landscapes, Prior Lake offers a perfect blend of suburban tranquility and recreational opportunities. With its welcoming atmosphere, this city is ideal for families, young professionals, and retirees alike.

One of the standout features of Prior Lake is its stunning natural beauty. The city is home to the breathtaking Prior Lake, where residents can enjoy boating, fishing, and swimming during the warmer months. In addition to the lake, the area boasts numerous parks, trails, and green spaces, providing ample opportunities for outdoor activities and family gatherings.

For those seeking a home in this idyllic setting, Prior Lake offers an impressive selection of properties under $400,000. Whether you're looking for a cozy single-family home, a charming townhome, or a spacious split-level, you'll find a variety of options to suit your needs and budget. These homes often feature modern amenities, open floor plans, and beautiful yards, making them perfect for both relaxation and entertaining.

Living in Prior Lake means being part of a close-knit community with excellent schools, local shops, and dining options. The city hosts numerous events throughout the year, fostering a sense of belonging and connection among residents. With its beautiful surroundings, affordable housing, and vibrant community life, Prior Lake is truly a hidden gem in Minnesota. Come explore the possibilities of calling this wonderful city your home!

Newest Prior Lake Homes under $400,000

$388,000

ACTIVE Status ⋅ 5 Beds ⋅ 3 Baths ⋅ 7156727 MLS ⋅ 2,356 SqFt.

INCREDIBLE BUYER INCENTIVES: $6,000 MORTGAGE CONCESSION. Opendoor Home Loans will contribute up to $6,000 towards a permanent interest rate buy-down if you finance with Opendoor Home Loans LLC. 16276 Franklin Cir SE is a split-level Prior Lake home with five bedrooms and three bathrooms. The kitchen has white cabinetry, a sink beneath the window, and a range, refrigerator and dishwasher in place. A separate dining area sits beside the main living room, with broad windows along the front of the home. The upper-level primary bedroom has an adjoining bathroom with a glass-enclosed shower. On the lower level, a second living area has a fireplace and sliding doors to the rear patio. Additional bedrooms, a laundry room, a backyard bordered by trees and an attached two-car garage complete the layout. Included 100-Day Home Warranty with buyer activation

16276 Franklin Circle SE, Prior Lake

Listing courtesy of Opendoor Brokerage, LLC.

$290,000

ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 7149532 MLS ⋅ 1,577 SqFt.

Charming single-level home in the popular Deerfield neighborhood, offering one-level living at its best. Enjoy a welcoming front patio and a private rear patio, both ideal for displaying potted plants. The spacious kitchen includes an eat-in dining area. The open concept from the informal dining area that flows into the living room and south-facing sunroom, with open views of green space. The large owner’s suite features a private primary bathroom and a spacious walk-in closet. The versatile second bedroom is currently used as an office. Additional in-unit storage includes a large walk-in closet. Updates include a new water heater in 2024, furnace and air conditioning in 2022, and roof in 2021. A quality water treatment system is also included.

17471 Deerfield Drive SE, Prior Lake

Listing courtesy of RE/MAX Preferred.

$225,000

COMING SOON Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 7156043 MLS ⋅ 1,248 SqFt.

Prime location. Top floor corner unit facing the park. One of the best spots in the building. Fresh paint, new carpet and professionally cleaned. Washer and dryer in unit. Ready for quick move in.

16520 Tranquility Court SE, Prior Lake

Listing courtesy of RES Realty.

$325,000

ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 7154560 MLS ⋅ 1,577 SqFt.

Large one level townhouse! Big owners suite with bath and walk-in closet. Private patio off of the sun room. Living room is huge and has a gas fireplace. Seller has replaced the flooring and all the appliances and HVAC since moving in. Quick close possible!

17254 Marshfield Lane SE, Prior Lake

Listing courtesy of Coldwell Banker Realty - Southwest Regional.

$360,000

COMING SOON Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7154792 MLS ⋅ 1,597 SqFt.

Showings begin Thursday 10/8. Charming 3-bedroom, 2-bath split-level home offering the perfect blend of comfort, space, and outdoor enjoyment! Inside, you'll find an open and airy floor plan filled with natural light, hardwood flooring, and living areas ideal for everyday living and entertaining. The fully fenced backyard is a true highlight and plenty of space to enjoy the outdoors. Complete with a 2-car attached garage and located close to parks, schools, and local amenities, this move-in-ready home is one you won't want to miss!

4189 Pleasant Street SE, Prior Lake

Listing courtesy of National Realty Guild.

$375,000

ACTIVE Status ⋅ 3 Beds ⋅ 3 Baths ⋅ 7144643 MLS ⋅ 1,932 SqFt.

15469 Fish Point Road - tons of character and updates throughout! The kitchen features stainless steel appliances, painted cabinetry, subway tile and butcher block countertops. All 3 bedrooms are upstairs and feature a unique bath combination for multiple users. The finished lower level adds another living space, an updated bathroom, laundry, and a cedar sauna. Outside you have a large deck, a wooded backyard, established gardens, boulder landscaping and a fire pit. Cedar siding. Brick accents. Vaulted ceilings. Maple hardwood floors. A full height bay window. Wood detailing. Mature trees. 3 Bedrooms | 2.5 Bathrooms | 2+ Car Garage + Additional Parking on large concrete driveway. All centrally located in Prior Lake, near paths, schools, shopping, and commute routes.

15469 Fish Point Road SE, Prior Lake

Listing courtesy of RE/MAX Preferred.

$349,900

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7153884 MLS ⋅ 1,803 SqFt.

Charming 3BD/2BA rambler set on a spacious half-acre lot in Prior Lake! This well-maintained home offers two bedrooms on the main level plus a third down, giving you flexible living options for family, guests, or a home office. The open kitchen flows into a comfortable living area, while a cozy knotty-pine sunroom adds warmth and character, perfect for morning coffee or unwinding after a long day. Downstairs, the finished lower level includes an updated bathroom and a versatile flex room ready to become a home gym, office, or playroom. Outside, enjoy an expansive backyard with a patio for entertaining, an attached 2-car garage, and a large storage shed offering extra room for tools, toys, or hobbies. With privacy, space, and flexibility throughout, this is a rare find. Move-in ready and waiting for you!

17181 Panama Avenue, Prior Lake

Listing courtesy of Coldwell Banker Realty.

$389,900

ACTIVE Status ⋅ 4 Beds ⋅ 3 Baths ⋅ 7152466 MLS ⋅ 2,032 SqFt.

Beautifully updated 4 bedroom END UNIT townhome in the heart of Prior Lake. All the major appliances and mechanicals have been updated for you. This townhome has soaring 2 story vaulted ceilings in the great room, with an open floorplan that includes your informal dining room, kitchen and deck areas all on the main level. The upper level has three large bedrooms, a spacious primary suite with a gorgeous updated en suite bathroom, another updated full bath and loft. The lower level walks out to a private patio and has another family room, bedroom, storage area and is roughed in for an additional bath. You will enjoy close proximity to downtown shopping and restaurants, The Wilds Golf Club, Mystic Lake Casino, and walking paths to Spring Lake Regional Park and Three Rivers Park. Wonderful cul-de-sac location on a quiet street within Glynwater West.

15567 Brookside Lane NW, Prior Lake

Listing courtesy of Re/Max Advantage Plus.

$379,900

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7152016 MLS ⋅ 1,641 SqFt.

A double lot, three garage spaces, and Prior Lake within walking distance. At 16282 West Avenue SE, mature trees shade a generous yard with fruit trees, grapevines, and room to garden or entertain. A one-car attached garage handles everyday parking, while the heated 24-by-26-foot detached garage offers space for a workshop, vehicles, or a space to store all of your toys. An outdoor shed adds room for tools, and storage on both the upper and lower levels helps keep everything else organized. Inside, a bright living room leads to a dining area with glass-front corner built-ins. The kitchen offers ample cabinetry and opens to a backyard patio, while the lower-level recreation room has a bar area and space to entertain. Spend the day in the garden or workshop, then head out on foot to Prior Lake, Lakefront Park, or nearby dining and entertainment. This well-maintained home gives you room to enjoy both what’s at home and what’s just down the street.

16282 West Avenue SE, Prior Lake

Listing courtesy of RE/MAX Results.

$379,900

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7150399 MLS ⋅ 1,800 SqFt.

*****Seller is offering $8,000 toward Buyer’s closing costs, subject to lender approval, plus a one-year home warranty.***** Welcome to a home full of warmth, character, and easy one-level living! This custom-built, three-bedroom, two-bath rambler offers a versatile layout with vaulted, wood-beamed ceilings and a striking two-sided Chicago brick gas fireplace that brings a cozy feel to the living spaces. The open living and dining area makes gathering easy, while the inviting hearth room off the kitchen offers space for dining, relaxing, or a second sitting area. The kitchen features brushed granite countertops, appliances and a garbage disposal updated in 2023, and generous cabinet storage. A wall of east-facing windows, a long built-in bench, and access to the patio create a welcoming connection to the outdoors. Enjoy the spacious, fenced backyard backing to green space, with room to garden, gather around the firepit, or simply unwind. Thoughtful improvements include a natural gas boiler installed in 2021, a water heater replaced in December 2021, updated flooring in the living room and back bedroom, front picture and kitchen windows replaced in September 2025, a new chimney in 2024, and a new shed in 2025. A water softener was installed in 2026, and a mini-split is planned for the third bedroom before closing. Main-level laundry and an oversized two-car garage add everyday convenience. With its distinctive character and comfortable spaces, this Prior Lake home is a lovely alternative to townhome living!

16497 Franklin Trail SE, Prior Lake

Listing courtesy of RE/MAX Advantage Plus.

$325,000

ACTIVE Status ⋅ 4 Beds ⋅ 3 Baths ⋅ 7150635 MLS ⋅ 1,739 SqFt.

7510 Hampton Lane, Prior Lake

Listing courtesy of USA Dream Home Realty Inc.

$379,000

ACTIVE Status ⋅ 3 Beds ⋅ 3 Baths ⋅ 7148910 MLS ⋅ 1,911 SqFt.

Welcome to this beautifully maintained end-unit townhome, where thoughtful updates and inviting spaces come together in a bright, welcoming setting. The open main level features a spacious kitchen with quartz countertops, updated tile backsplash, soft-close cabinetry and drawers, brushed slate stainless steel appliances, and a gas range. Large windows bring abundant natural light into the living room, where a cozy gas fireplace creates a warm gathering space. A surround sound stereo system adds to the entertainment experience. Step outside to the impressive 20x10 patio, offering a wonderful outdoor space for morning coffee, grilling, entertaining or relaxing at the end of the day. The patio overlooks a natural setting with wildflowers and wooded surroundings, creating a peaceful backdrop. An upgraded electrical setup is in place for a future hot tub installation. Upstairs, you'll find three bedrooms, a generous loft and conveniently located laundry. A brand-new LG front-load washer and dryer have never been used and are ready for their first load. The spacious primary bedroom features a stylish geometric accent wall and a walk-in closet with a custom organizer system and under-cabinet lighting. A secondary bedroom also offers a walk-in closet with a custom organizer system and under-cabinet lighting. The fully finished garage is insulated and heated and features durable epoxy flooring. With abundant natural light, thoughtful upgrades and inviting indoor and outdoor spaces, this end-unit home offers comfort, functionality and plenty of room to enjoy. Mortgage savings may be available for buyers of this listing.

5840 Moonlight Way NE, Prior Lake

Listing courtesy of Redfin Corporation.

Start Your Search

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.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.