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$650,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 1 Full Bath
  • 2 Partial Baths
  • 2,364 Sq. Ft.
  • 3 Car Garage
  • Updated 1 day ago

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Open House: 10:00 AM - 11:30 AM

Saturday 4/11 10:00 AM - 11:30 AM

48937 N Shore Road,Waterville, MN 56096

48937 N Shore RoadWatervilleMN56096

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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!

Full Property Details for 48937 N Shore Rd

General

  • Price: $650,000
  • Taxes: $4,984 (2026)
  • Status: Active
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7036986
  • Updated: 4/8/2026
  • Added to Site: 5 day(s) ago

Interior

  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Family Room, Gas
  • Appliances: Air-To-Air Exchanger, Dishwasher, Dryer, ENERGY STAR Qualified Appliances, Freezer, Fuel Tank - Rented, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Rented

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 1
  • 3/4 Bathrooms: 1
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Dining Room: Informal Dining Room, Kitchen/Dining Room
  • Formal Dining Room: Informal Dining Room, Kitchen/Dining Room
  • Laundry: Laundry Closet, Main Level, Laundry Closet, Main Level

Additional Information

  • Amenities: Ceiling Fan(s), Deck, Dock, Kitchen Window, Main Floor Primary Bedroom, Natural Woodwork, Paneled Doors

Exterior

  • Porch/Patio/Deck: Deck

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Description: 38 x 34
  • Garage Spaces: 3
  • Parking Features: Attached Garage, Asphalt, Floor Drain, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage, Multiple Garages, RV Access/Parking

Location

  • County: Le Sueur
  • Township: Waterville Twp
  • Driving Directions: Highway 60 in Waterville, North on Highway 13, West on Tetonka Lake Rd, then South on North Shore Road to the home.

School Information

  • School District: 1047 - Waterville-Elysian-Morristown
  • High School District: Waterville-Elysian-Morristown

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Propane

Utilities

  • Sewer: Septic System Compliant - Yes
  • Water: Drilled, Shared System, Well

Structural Information

  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Block, Daylight/Lookout Windows, Egress Window(s), Finished, Full, Storage Space
  • Foundation Size: 1220
  • Roof: Age Over 8 Years, Asphalt
  • Disability Access: None
  • Square Feet: 2,364
  • Above Ground: 1,412 Sq. Ft.
  • Below Ground: 952 Sq. Ft.
  • Finished Down/Base.: 2,364 Sq. Ft.
  • Year Built: 1989

Additional Structures

  • Other Structures: Greenhouse, Storage Shed

Lot Features

  • Lot Size (Acres): 0.96
  • Lot Dimensions: 130 x 290 x 161 x 265
  • Frontage: City Street
  • Zoning: Residential-Single Family
  • Lot Description: Accessible Shoreline, Medium Tree Coverage, Underground Utilities

Water Features

  • Water Front Desc.: Lakefront
  • Water Front Feet: 160
  • Lake Front: Yes

Financial Considerations

  • Tax Amount: $4,984
  • Tax Year: 2026
  • Terms: Conventional, VA, FHA, Cash, USDA

Disclosures and Reports

  • Legal Description: SECT-19 TWP-109 RANGE-023 .96 AC THAT PART OF G L 1 COMM AT NE COR OF SEC TH W 888.54 FT, SE 387.53 FT, NW 141.15 FT NW 87.22 FT, NW 212.35 FT TO BEG, TH SW 293 FT TO S. L., NW ALONG S. L. 162 FT, NE 283FT, TH SE 130 FT TO BEG
  • Property ID: 140192525

Listed by Sagedahl Realty

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— 48937 N Shore Rd —

  • Sagedahl Realty

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Schools serving 48937 N Shore Rd

School District:Waterville-Elysian-Morristown Public School District
NameGradesDistance
Waterville Elementary School
500 Paquin Street East, Waterville, MN 56096
PK-43.7 mi
Morristown Elementary School
23 Ann Street East, Morristown, MN 55052
5-69.4 mi
Waterville-Elysian-Morristown Jr.
23 Ann Street East, Morristown, MN 55052
7-89.4 mi
Waterville-Elysian-Morristown Sr.
500 Paquin Street East, Waterville, MN 56096
9-123.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 48937 N Shore Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/08/2026
Listed
$650,000
100%
MLS
10/10/2017
Sold
$325,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 48937 N Shore Rd

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,874
6%
$529,700
1%
2023
$4,604
7%
$526,200
1%
2022
$4,296
10%
$520,900
13%
2022
$3,896
5%
$463,000
28%
2020
$3,718
-1%
$362,100
8%
2019
$3,742
—
$336,100
2%
2019
$3,727
3%
$329,100
8%
2018
$3,607
20%
$305,100
6%
2017
$3,005
-3%
$289,100
-5%
2016
$3,091
-2%
$305,600
—
2015
$3,157
—
$305,600
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Sagedahl Realty

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48937 N Shore Road, Waterville, MN 56096 (MLS# 7036986) is a Single Family property with 3 bedrooms, 1 full bathroom and 2 partial bathrooms. 48937 N Shore Road is currently listed for $650,000 and was received on April 04, 2026. Want to learn more about 48937 N Shore Road? Do you have questions about finding other Single Family real estate for sale in Waterville? You can browse all Waterville real estate or contact a Coldwell Banker agent to request more information.

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