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48937 N Shore Rd, Waterville, MN, 56096

3beds
3baths
2,364sqft
$609,000
$258price/sqft
$4,194/moest. monthly cost
$167,760/yrincome needed

About This Home

Welcome to your Lake Tetonka retreat where stunning views, incredible fishing, and laid-back lake life come together. With 160 feet of shoreline, this property offers the perfect escape for year-round living or relaxing weekends. A warm and inviting open layout with fresh paint, new carpet on main floor and updated lighting. The kitchen features all new stainless steel appliances and a new faucet. The large peninsula is perfect for gatherings, open to the dining and sunroom for entertaining. The living room centers around a stunning new gas fireplace and a large picture window that frames breathtaking lake views, bringing the outdoors in year-round. Step outside to the deck and unwind under the pergola with new lighting, surrounded by thoughtfully updated landscaping and hundreds of daffodils planted for spring. The lower level expands your living area with a lakeside third bedroom, a spacious family room and a sitting room, half bath, and an oversized storage room. Outdoors is where this property truly shines. A paved path down to the lake or the tiered stairs approach leads you down to the water, creating easy access to the shoreline. Enjoy evenings around the lakeside firepit, or easy fishing from your included dock and boat lift for a boating day on the lake. Lake Tetonka is well known for its excellent fishing—walleye, bass, panfish, and sunnies right off your dock—and even hosts local bass tournaments. The property also features a 3 car garage, 2 are heated with space for up to 6 vehicles. The third stall offers a rare pass-through design with a garage door also on the lake side. Bring gear to the lake via a paved path and easy path around the side of the garage. Three sheds and a greenhouse provide plenty of additional storage and flexibility. With thoughtful updates throughout, scenic views, and a setting designed for both relaxation and recreation, this is lake living at its best. Alright… let’s go fishing!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
17
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1989

Materials

  • Roof: Age Over 8 Years,Asphalt

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Air-To-Air Exchanger,Dishwasher,Dryer,ENERGY STAR Qualified Appliances,Freezer,Gas Water Heater,Microwave,Range,Refrigerator,Stainless Steel Appliance(s),Washer,Water Softener Rented
  • Laundry features: Laundry Closet,Main Level

Basement

  • Has basement: Yes
  • Basement: Block,Daylight,Egress Window(s),Finished,Full,Storage Space

Bedroom

  • Level: Main
  • Area: 156
  • Dimensions: 13 x 12

Bedroom2

  • Level: Main
  • Area: 132
  • Dimensions: 12 x 11

Bedroom3

  • Level: Basement
  • Area: 121
  • Dimensions: 11 x 11

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 1
  • 3/4 bathrooms: 1
  • 1/2 bathrooms: 1

Deck

  • Level: Main
  • Area: 480
  • Dimensions: 24 x 20

Dining Room

  • Level: Main
  • Area: 156
  • Dimensions: 13 x 12

Family Room

  • Level: Basement
  • Area: 270
  • Dimensions: 18 x 15

Features

  • Number of fireplaces: 1
  • Fireplace features: Family Room,Gas
  • Fireplace: Yes
  • Finished area below ground: 952
  • Finished area above ground: 1,412

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,364
  • Total interior livable area: 2,364 sqft

Kitchen

  • Level: Main
  • Area: 144
  • Dimensions: 12 x 12

Library

  • Level: Basement
  • Area: 221
  • Dimensions: 17 x 13

Living Room

  • Level: Main
  • Area: 272
  • Dimensions: 17 x 16

Storage

  • Level: Basement
  • Area: 264
  • Dimensions: 22 x 12

Sun Room

  • Level: Main
  • Area: 176
  • Dimensions: 22 x 08

Utility Room

  • Level: Basement
  • Area: 132
  • Dimensions: 12 x 11

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 140192525
  • Zoning description: Residential-Single Family
  • Other equipment: Fuel Tank - Rented
  • Foundation area: 1220

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Patio & porch: Deck
  • Fencing: None
  • Has view: Yes
  • View description: Lake,Panoramic,South
  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes
  • Waterfront features: Lake Front
  • Frontage length: Water Frontage: 160

Lot

  • Lot size: 0.96 Acres
  • Features: Accessible Shoreline,Tree Coverage - Medium
  • Lot size dimensions: 130 x 290 x 161 x 265

Parking

  • Total spaces: 3
  • Parking features: Attached,Asphalt,Floor Drain,Garage,Garage Door Opener,Heated Garage,Insulated Garage,Multiple Garages,RV Access/Parking
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindVery High
  • Hail
    HailRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Hail
Inland Flooding
Tornado
Cold Wave
Heat Wave
Winter Weather

FEMA Declared Disasters in Le Sueur County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,079$36,948
Home Insurance *$447$5,364
Property Taxes $469$5,628
Electricity $199$2,392
Total$4,194$50,328
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$143,794/yr
40% on housing$125,820/yr
45% on housing$111,840/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.3%
8.3%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 4.7%
4.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$258This listing

vs Other Active Listings

Avg $/sqft

ZIP 56096$151
Le Sueur County$155

vs Homes Sold Last Month

Median $/sqft

ZIP 56096$159
Le Sueur County$163

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-29Price change$635,000
2026-04-08Listed for sale$650,000
2025-04-24Sold$579,500
2025-03-07Pending sale$579,500
2025-02-24Listed for sale$579,500
2024-10-10Listing removed$569,000
2024-08-29Price change$579,000
2024-08-06Listed for sale$599,000
2017-08-31Sold$325,000
2017-07-22Pending sale$335,000
2017-05-15Price change$335,000
2017-02-20Listed for sale$345,000
2016-12-31Listing removed$340,000
2016-10-13Price change$340,000
2016-06-17Listed for sale$350,000

For Sale by Agent

AgentTravis Sagedahl
BrokerageSagedahl Realty

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