




48937 N Shore Rd, Waterville, MN, 56096
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
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
- Hail
- Inland Flooding
- Tornado
- Cold Wave
- Heat Wave
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Le Sueur County and Minnesota
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,079 | $36,948 |
| Home Insurance * | $447 | $5,364 |
| Property Taxes | $469 | $5,628 |
| Electricity | $199 | $2,392 |
| Total | $4,194 | $50,328 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-29 | Price change | $635,000 |
| 2026-04-08 | Listed for sale | $650,000 |
| 2025-04-24 | Sold | $579,500 |
| 2025-03-07 | Pending sale | $579,500 |
| 2025-02-24 | Listed for sale | $579,500 |
| 2024-10-10 | Listing removed | $569,000 |
| 2024-08-29 | Price change | $579,000 |
| 2024-08-06 | Listed for sale | $599,000 |
| 2017-08-31 | Sold | $325,000 |
| 2017-07-22 | Pending sale | $335,000 |
| 2017-05-15 | Price change | $335,000 |
| 2017-02-20 | Listed for sale | $345,000 |
| 2016-12-31 | Listing removed | $340,000 |
| 2016-10-13 | Price change | $340,000 |
| 2016-06-17 | Listed for sale | $350,000 |
