735 Reed St, Waterville, MN, 56096
About This Home
The Lake is calling! All 2400+ acres of it! Enjoy this compact year round cabin with 40 feet of sandy shoreline and a gentle slope to the water, (yet the elevation prevented it from flooding) great for swimming, fishing, boating, and soaking up amazing views looking west across the lake while sitting in your 12x20 screened in covered porch! Close to town, food, gas, parks and trails and just steps from the Public Beach providing endless options for fun, gatherings, and recreation. The home is being sold as-is and includes all the furnishings, the dock, Pontoon and Solar powered lift. It's a gem in need of some repairs and TLC. The views and location alone make it a great opportunity for anyone looking to build equity and customize their personal lake retreat.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1950
Materials
- Roof: Asphalt
Type & Style
- Home type: SingleFamily
- Property subType: Single Family
Interior
Appliances
- Appliances included: Gas Water Heater,Microwave,Range,Refrigerator
- Laundry features: None
Basement
- Has basement: Yes
- Basement: Crawl Space
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- 3/4 bathrooms: 1
Features
- Finished area below ground: 0
- Finished area above ground: 525
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 543
- Total interior livable area: 525 sqft
Porch
- Level: Main
- Area: 240
- Dimensions: 12x20
Property
Accessibility
- Accessibility features: No Stairs Internal,Partially Wheelchair
Details
- Parcel number: 246000370
- Zoning description: Shoreline,Residential-Single Family
- Foundation area: 543
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered,Deck,Screened
- Has view: Yes
- View description: Panoramic
- On waterfront: Yes
- Waterfront features: Lake Front,Waterfront Elevation(10-15),Lake Bottom(Sand)
- Frontage length: Water Frontage: 40
Lot
- Lot size: 5,052 sqft
- Features: Accessible Shoreline
- Lot size dimensions: 40 x 128
Parking
- Parking features: Open
- 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 | $1,259 | $15,108 |
| Home Insurance * | $182 | $2,184 |
| Property Taxes | $272 | $3,264 |
| Electricity | $170 | $2,050 |
| Total | $1,883 | $22,596 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-07 | Pending sale | $249,000 |
| 2026-07-20 | Price change | $249,000 |
| 2026-06-28 | Price change | $259,000 |
| 2026-06-10 | Price change | $279,000 |
| 2026-05-22 | Price change | $299,000 |
| 2026-05-14 | Listed for sale | $349,000 |
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