Waconia Homes under $400,000

Welcome to Waconia, Minnesota—a charming city nestled in the heart of Carver County, where small-town charm meets modern conveniences. Known for its picturesque lakes and vibrant community, Waconia offers a unique blend of outdoor recreation, local events, and a welcoming atmosphere that makes it an ideal place to call home.

Waconia is surrounded by stunning natural beauty, with Lake Waconia serving as a focal point for residents and visitors alike. From boating and fishing in the summer to ice fishing and snowmobiling in the winter, outdoor enthusiasts will find endless opportunities to explore and enjoy the great Minnesota outdoors. The city also boasts an array of parks and trails, perfect for family picnics or leisurely strolls.

For those seeking a home in this delightful community, Waconia offers an impressive selection of properties under $400,000. Whether you're a first-time buyer, a growing family, or looking to downsize, you'll find a variety of options that cater to your needs. From cozy single-family homes with spacious yards to modern townhouses with low-maintenance living, Waconia's real estate market has something for everyone.

With its excellent schools, friendly neighborhoods, and a strong sense of community, Waconia is more than just a place to live—it's a place to thrive. Explore the homes available in this wonderful city, and discover why so many are choosing to make Waconia their forever home. Come experience the warmth and charm of Waconia, where your dream home awaits!

Newest Waconia Homes under $400,000

$205,000

ACTIVE Status ⋅ 2 Beds ⋅ 1 Baths ⋅ 7153607 MLS ⋅ 936 SqFt.

Welcome to this well-located one-level split-entry townhome in the heart of Waconia—an ideal opportunity for homeownership with comfort and convenience in mind—and often cheaper than renting. This home features two generously sized bedrooms and a beautifully updated bathroom with a sleek, modern design. Enjoy the ease of in-unit stackable laundry along with recent mechanical updates. The kitchen offers lots of counter space and tons of cupboards for storage, along with newer stainless steel appliances. New flooring throughout, newer carpet, fresh paint, and updated light fixtures create a clean, modern feel from top to bottom. The inviting living space is highlighted by a beautiful wood-burning fireplace—perfect for cozy Minnesota evenings. Step outside to a large deck, offering direct access stairs down to the yard and a peaceful setting perfect for relaxing or entertaining. A spacious garage adds extra convenience and storage. Located in a wonderful location close to everything you need—grocery stores, restaurants, shops, walk to Fox Run park, walking paths, and even a movie theater—this home truly delivers on convenience. Commuting is simple with quick access to Highway 212 and Highway 5, making travel to the Twin Cities a breeze.

3 Somerset Drive, Waconia

Listing courtesy of Coldwell Banker Realty.

$339,900

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7152013 MLS ⋅ 2,029 SqFt.

**So much value in this Move In Ready property** Must see this completely renovated home from top to bottom! This exceptional walkout townhome is truly move-in ready! The stunning kitchen has custom knotty alder cabinetry, granite countertops, a tile backsplash, new appliances and quality finishes throughout. New luxury vinyl plank flooring spans the kitchen/DR/LR, while the upper BRs and lower level features plush new carpeting for added comfort. New paint, 4” maple millwork, solid maple 2 panel doors, lighting, and window treatments combine for a quality that can’t be found in this price range! Enjoy the beauty of every season from the New 3 seasons cedar porch, creating the perfect space to relax or entertain. Both bathrooms have been tastefully updated with stylish finishes. Major mechanicals were replaced in 2020, offering peace of mind for years to come. Combined with the desirable walkout design, this meticulously updated townhome offers the perfect blend of style, quality, and low-maintenance living. The walkability to DT Waconia, trails, shopping, dining, entertaining, Lake Waconia is also a huge plus or this property. Please see supplements for all the upgrades/updates.

1851 Lakeridge Way, Waconia

Listing courtesy of RE/MAX Advantage Plus.

$269,900

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7151490 MLS ⋅ 1,321 SqFt.

A hard-to-find 3-bedroom end unit in Waconia with a 2-car garage and a location that adds to the appeal. This townhome offers an open main level, updated flooring, stainless steel kitchen appliances and plenty of natural light. Fresh paint, new carpet and flooring give the home a clean, move-in-ready feel while leaving room for a buyer to make it their own over time. All three bedrooms are upstairs and full bathroom. Main-level bath and convenient main-level laundry. As an end unit, you'll appreciate the additional windows, mature trees and outdoor space, plus a neighborhood park just up the road. Enjoy everything Waconia has to offer—from its charming downtown and local restaurants to parks, trails and Lake Waconia.

1591 Serenity Lane, Waconia

Listing courtesy of RE/MAX Advantage Plus.

$384,900

ACTIVE Status ⋅ 4 Beds ⋅ 2 Baths ⋅ 7148900 MLS ⋅ 1,987 SqFt.

Welcome home to 1467 Mallard Place in Waconia! This move-in-ready 4-bedroom, 2-bath home delivers nearly 2,000 finished square feet of stylish, comfortable living space in a fantastic Waconia location. 3 of the bedrooms are on the upper level with the 4th, plus a nice storage are that could be used for multiple different options, completes the lower. Big-ticket exterior updates—including newer siding, windows, garage floor, roof and gutters—add even more value and peace of mind. The finished lower level offers plenty of extra space for movie nights, a home office, playroom or entertaining. Outside, the flat backyard is ready for summer barbecues, yard games, pets and relaxing evenings. Close to schools, parks, shopping, dining and everything Waconia has to offer—this home checks all the boxes. Don’t wait—come see it for yourself!

1467 Mallard Place, Waconia

Listing courtesy of RE/MAX Advantage Plus.

$355,765

ACTIVE Status ⋅ 3 Beds ⋅ 3 Baths ⋅ 7148575 MLS ⋅ 1,777 SqFt.

This home is move-in ready! Find the perfect blend of home, lifestyle, and location with the St. Clair in Waterford - everything is included in this home. This bright and inviting home offers three spacious bedrooms, 2.5 well-appointed baths, and a convenient upper-level laundry. A striking two-story foyer creates a grand entrance, while the open-concept main level is designed for effortless living, featuring a cozy great room and a stylish kitchen. With quartz countertops, a tile backsplash, and sleek white cabinetry, this kitchen is sure to impress. Located in the charming city of Waconia, Waterford offers access to scenic parks, walking trails, and endless outdoor recreation, including boating, fishing, and beaches at nearby Lake Waconia. Enjoy small-town charm with modern conveniences—make Waterford your new home today!

222 Huntington Drive, Waconia

Listing courtesy of Lennar Sales Corp.

$399,900

ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 7140571 MLS ⋅ 1,638 SqFt.

Looking for panoramic lake views and the lake lifestyle without the maintenance of lakefront ownership? This beautifully updated end-unit home delivers the perfect blend of comfort, style, and convenience. Completely remodeled in 2014, the upper level was thoughtfully redesigned into an open concept living space where the kitchen, dining, and living areas flow seamlessly together, making it ideal for entertaining or simply enjoying everyday living with a view. Step outside onto the spacious deck and soak in breathtaking sunrise and sunset views over Lake Waconia. Whether hosting friends or enjoying a quiet evening, the setting is hard to beat. The upper level also features two generous sized bedrooms and a full sized bath. While the expansive family room offers endless flexibility with the potential to easily create a third bedroom, office, or guest space. The lower level has second bathroom, laundry area, and exceptional storage space. As an end unit, this home provides added privacy along with a rare bonus second deck and private patio directly off the primary bedroom, creating your own peaceful retreat with nature. Waconia offers the perfect blend of small town charm and many everyday conveniences. Enjoy easy access to grocery stores, a wide variety of restaurants, local boutiques and shops, beautiful parks, and a movie theater, all just minutes away. The city is also connected by paved paths throughout the neighborhoods, making it easy to enjoy everything the community has to offer.

421 E Lake Street, Waconia

Listing courtesy of RE/MAX Results.

$364,690

ACTIVE Status ⋅ 3 Beds ⋅ 3 Baths ⋅ 7139018 MLS ⋅ 1,722 SqFt.

Ask about how to qualify for $20,000 in flex cash with the use of the Seller's Preferred Lender! Under construction and move-in ready in January! Welcome to your new end unit townhome in Waterford! This Raleigh offers three bedrooms and seamlessly blends modern style, comfort, and convenience - with everything included, even window blinds! Enjoy an open and light-filled layout, ideal for everyday living and entertaining. Located in the vibrant Waterford community, residents have access to a neighborhood park with an inclusive playground, a scenic pond, and walking trails that connect to the city’s extensive trail system. You’re also just minutes from Lake Waconia’s 164-acre regional park, Island View Golf Course, downtown shopping and dining, a movie theater, Ridgeview Hospital, and top-rated schools. This home offers the perfect combination of functionality, style, and prime location—experience the best of Waconia living!

228 Huntington Drive, Waconia

Listing courtesy of Lennar Sales Corp.

$379,000

ACTIVE Status ⋅ 4 Beds ⋅ 2 Baths ⋅ 7136583 MLS ⋅ 1,830 SqFt.

Fall in love with Historic 1900-built home with modern updates nestled right in downtown Waconia. From morning walks to the lake to evenings at nearby shops and the movie theatre, this location brings convenience and charm together. The home offers 3 bedrooms, 2 bathrooms, a finished basement, and three garages—perfect for hobbies, storage, or extra vehicles. Major updates include a new roof (August 2026), carpet (2026), refrigerator ( 2026), and stove ( 2026), water heater (2023) plus updated windows. A delightful home with character, comfort, and walkability. Schedule your private tour today!

24 W 3rd Street, Waconia

Listing courtesy of National Realty Guild.

$212,000

ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 7114184 MLS ⋅ 1,228 SqFt.

Welcome home to this beautifully maintained 2-bedroom, 2-bathroom home in the heart of Waconia! This move-in-ready property offers a bright, inviting layout with tasteful modern updates throughout, making it the perfect place to call home. Enjoy peace of mind with a brand-new A/C system (2025), along with new window treatments, updated recessed lighting, and newer carpeting throughout the upper level. The spacious primary suite features California custom shelving in the walk-in closet, providing exceptional organization and storage. On the main level, you’ll appreciate the stylish updates including a new bathroom vanity and new toilet, adding a fresh, contemporary touch. Complete renovated kitchen with new sink and fixtures, stainless steel appliances, new countertop and fresh paint throughout! Conveniently located near parks, trails, shopping, dining, and everything Waconia has to offer, this home offers the perfect combination of comfort, style, and convenience. With its thoughtful updates and move-in-ready condition, this is one you won’t want to miss. Schedule your showing today!

1654 Freedom Lane, Waconia

Listing courtesy of Bridge Realty, LLC.

$329,900

ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 7133518 MLS ⋅ 1,203 SqFt.

Major 2026 updates, a spacious fenced quarter-acre yard, attached garage, and flexible finished living space make this Waconia home a great opportunity to make your own. Tucked into a quiet cul-de-sac, this home features two bedrooms and a full bathroom on the main level, plus additional finished living space, a second bathroom, and a versatile bonus room downstairs—perfect for a home office, playroom, guest space, hobby room, or whatever fits your needs. Enjoy the large fenced backyard with a deck, offering plenty of room to entertain, garden, play, or simply relax. The home also offers an attached garage and no HOA. With a new roof, furnace, and water heater, plus recent AC service—all completed in 2026—many of the major homeownership expenses have already been addressed. The deck was also recently stained and includes a replaced deck board, adding to the home’s recent updates. Conveniently located near parks, walking paths, schools, and everything Waconia has to offer. Come see how this home can work for you!

1283 Creekside Drive, Waconia

Listing courtesy of Savvy Avenue, LLC.

$230,000

ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 7134510 MLS ⋅ 1,217 SqFt.

Welcome to 1122 Heather Lane, a thoughtfully updated and meticulously maintained 2-bedroom, 2-bathroom townhome offering 1,217 sq ft of comfortable living across two levels in Waconia. The home has been extensively updated, delivering a true move-in-ready experience. Standout updates include a new LG washer and dryer paired with a tastefully renovated main-floor laundry space featuring butcher-block countertops, a new water heater, water softener, and garage door opener—along with fresh paint throughout, and much more. The main level flows practically for everyday living with ample natural light from your private front patio - perfect for planters or lounge chairs. Upstairs, the oversized primary bedroom stands out with a walk-in closet and abundant natural light, complemented by a second spacious bedroom and updated bathroom. Nestled in a low-maintenance community, this home blends modern upgrades with effortless living. Conveniently located near highly regarded Waconia schools, with quick access to Hwy 5, shopping, and dining—the location is tough to beat!

1122 Heather Lane, Waconia

Listing courtesy of Edina Realty, Inc..

$169,900

ACTIVE Status ⋅ 2 Beds ⋅ 1 Baths ⋅ 7134508 MLS ⋅ 900 SqFt.

Welcome home to this beautifully updated 2-bedroom, 1-bathroom townhome in the heart of Waconia! Stylish new flooring and modern finishes create a warm, inviting atmosphere throughout this move-in-ready home. The bright, functional layout offers comfortable spaces for everyday living and entertaining. A detached one-car garage provides added convenience, while the desirable location places you close to parks, shopping, restaurants, and everything Waconia has to offer. Whether you’re searching for your first home, a low-maintenance lifestyle, or an investment opportunity, this is one you won’t want to miss!

16 E 13th Street, Waconia

Listing courtesy of Kris Lindahl Real Estate.

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