Virtual Tour is an informational Video! Experience the ultimate year-round lake lifestyle in this beautifully updated 4-bed, 2-bath Lake Tetonka cottage featuring 65 feet of level shoreline and premier western exposure for breathtaking sunset views. Perfect for swimming, boating, and premier fishing, the property includes a private dock for a boat or pontoon. The main residence offers a cozy yet modern interior with stainless steel appliances, a updated furnace, ac and water heater. Perfect for multi-generational living, rental potential, or guest accommodations, the private-access upper loft serves as a complete suite equipped with its own kitchen, living room, bedroom, and bath. Outdoor entertainment options abound with a versatile lakeside boat house that functions as a screened-in porch during summer months and offers drive-on ATV access for ice fishing in the winter. The massive 32x22 insulated and heated garage pulls double duty as the ultimate party space and for recreational toy storage. Located in a golf-cart and ATV-friendly community, residents enjoy casual transport to local restaurants, taverns, parks, and the city sand beach. Waterville serves as the perfect central rest stop along the 39-mile, fully paved Sakatah Singing Hills State Trail, spanning from Mankato to Faribault. This cottage is the ultimate destination to gather, relax, and create lasting memories with family and friends for years to come. Book your tour today. It can close fast so you can still enjoy lakelife this summer!
Active
Price cut: $20K (7/29)
$449,900
945 Reed St N, Waterville, MN 56096
4beds
1,179sqft
Single Family
Built in 1984
8,712 Square Feet Lot
$443,200 Zestimate®
$382/sqft
$-- HOA
What's special
Cozy yet modern interiorStainless steel appliances
- 63 days
- 900
- 39
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Rodney D. Tietz 952-758-5030,
True Life Real Estate Solution,
Kevin Bakken 612-554-9763
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7108020
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- 3/4 bathrooms: 2
Bedroom
- Level: Main
- Area: 96 Square Feet
- Dimensions: 8 x 12
Bedroom 2
- Level: Main
- Area: 72 Square Feet
- Dimensions: 8 x 9
Bedroom 3
- Level: Main
- Area: 96 Square Feet
- Dimensions: 8 x 12
Bedroom 4
- Level: Upper
- Area: 120 Square Feet
- Dimensions: 8 X 15
Bathroom
- Level: Main
- Area: 40 Square Feet
- Dimensions: 5 x 8
Bathroom
- Level: Upper
- Area: 48 Square Feet
- Dimensions: 6 x 8
Bathroom
- Level: Upper
- Area: 48 Square Feet
- Dimensions: 6 x 8
Dining room
- Level: Main
- Area: 120 Square Feet
- Dimensions: 10 x 12
Kitchen
- Level: Main
- Area: 96 Square Feet
- Dimensions: 8 x 12
Kitchen
- Level: Upper
- Area: 60 Square Feet
- Dimensions: 4 x 15
Living room
- Level: Main
- Area: 252 Square Feet
- Dimensions: 12 x 21
Living room
- Level: Upper
- Area: 195 Square Feet
- Dimensions: 13 X 15
Heating
- Forced Air
Cooling
- Central Air, Ductless Mini-Split, Window Unit(s)
Appliances
- Included: Dryer, Gas Water Heater, Range, Refrigerator, Washer
Features
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 1,179
- Total interior livable area: 1,179 sqft
- Finished area above ground: 1,179
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Detached Garage, Asphalt, Concrete, Shared Driveway, Garage, Garage Door Opener, Heated Garage, Insulated Garage, Multiple Garages
- Garage spaces: 2
- Carport spaces: 2
- Has uncovered spaces: Yes
- Details: Garage Dimensions (22 X 31), Garage Door Height (7), Garage Door Width (16)
Accessibility
- Accessibility features: None
Features
- Levels: One and One Half
- Stories: 1.5
- Patio & porch: Front Porch, Patio
- Fencing: None
- Has view: Yes
- View description: Lake, Panoramic, See Remarks, West
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake Front, Waterfront Elevation(0-4), Lake Bottom(Hard, Sand)
Lot
- Size: 8,712 Square Feet
- Dimensions: 32 x 182 x 66 x 188
- Features: Accessible Shoreline, Tree Coverage - Medium
Details
- Additional structures: Boat House
- Foundation area: 840
- Parcel number: 246000200
- Zoning description: Shoreline,Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Block, Frame
- Roof: Age 8 Years or Less,Asphalt
Condition
- New construction: No
- Year built: 1984
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
- Utilities for property: Underground Utilities
Community & HOA
Community
- Subdivision: Outlots-Snows Add
HOA
- Has HOA: No
Location
- Region: Waterville
Financial & listing details
- Price per square foot: $382/sqft
- Tax assessed value: $379,800
- Annual tax amount: $1,194
- Date on market: 7/11/2026
- Cumulative days on market: 86 days
- Road surface type: Paved
Estimated market value
$443,200
$421,000 - $465,000
$1,966/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/29/2026 | Price change | $449,900-4.3%$382/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7108020 Report a problem | ||
| 7/11/2026 | Listed for sale | $469,900-2.1%$399/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7108020 Report a problem | ||
| 7/1/2026 | Listing removed | $479,900$407/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7034029 Report a problem | ||
| 5/28/2026 | Price change | $479,900-4%$407/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7034029 Report a problem | ||
| 4/6/2026 | Listed for sale | $499,900+122.2%$424/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7034029 Report a problem | ||
| 11/1/2016 | Listing removed | $225,000$191/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4613861 Report a problem | ||
| 4/14/2016 | Listed for sale | $225,000$191/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4613861 Report a problem | ||
| 11/29/2015 | Listing removed | $225,000$191/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4613861 Report a problem | ||
| 6/19/2015 | Listed for sale | $225,000+36.8%$191/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4613861 Report a problem | ||
| 1/1/2005 | Sold | $164,500$140/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $842 -11.9% | $379,800 +0.7% |
| 2024 | $956 -74.8% | $377,200 +1.1% |
| 2023 | $3,788 +12.2% | $373,200 +23.5% |
| 2022 | $3,376 +1.3% | $302,100 +30% |
| 2021 | $3,332 +1.5% | $232,400 +4.8% |
| 2020 | $3,282 +0.5% | $221,800 +2.6% |
| 2019 | $3,267 -4.5% | $216,200 +4.8% |
| 2018 | $3,421 +9.5% | $206,200 +0.8% |
| 2017 | $3,125 +0.4% | $204,500 +1.6% |
| 2016 | $3,113 -2% | $201,200 |
| 2015 | $3,177 +9.4% | $201,200 |
| 2014 | $2,903 -1.1% | $201,200 -1.6% |
| 2013 | $2,936 -2% | $204,500 |
| 2012 | $2,996 +1.9% | $204,500 -3.4% |
| 2011 | $2,940 +7.8% | $211,600 |
| 2010 | $2,728 +1.7% | $211,600 -2% |
| 2009 | $2,682 | $215,900 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 56096
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