Lori Gustafson

506 W Lake Avenue

Worthington, MN
$ 369,000 Beds 4 Baths 2.5 Sq 2,547
Monthly Estimate* How much can I afford?

Enjoy lake living with the perfect blend of year-round beauty and everyday convenience. This spacious two-story home offers a vacation-like lifestyle, featuring stunning lake views, beautiful summers near the water, and picturesque winter scenery. Move right in and enjoy the home as it is, or continue adding your own personal touches. Recent updates include a fully painted exterior within the last two years, a newly renovated front entry, fresh interior paint throughout, many new light fixtures, updated electrical service, fresh landscaping and a recently fenced backyard—perfect for pets, play, or outdoor entertaining. The entry area opens directly to a patio and expansive deck, creating the perfect space for entertaining or simply opening the doors to let the outdoors become part of your living space. Relax with your morning coffee or unwind in the evening while taking in the peaceful panoramic lake views from the large deck. Inside, every bedroom features a walk-in closet, providing generous storage throughout the home. The oversized garage offers an abundance of space, and the extra-large bonus room above has already begun its transformation, giving the next owner an incredible opportunity to customize it into a game room, home office, art studio, workshop, fitness room, or whatever best fits their lifestyle. The basement offers additional living space, storage and utilities. Located conveniently in town, this property is within walking distance of Worthington's Centennial Beach and splash pad, the YMCA, softball fields, and a public boat landing just half a block away. Downtown Worthington is only minutes away, providing easy access to shopping, dining, and everyday amenities. This is a rare opportunity to own a lake-view home with exceptional space, versatility, thoughtful updates, and an unbeatable location. Schedule your private showing today and experience everything this home has to offer— BONUS: This home has had a permit with the city for a personal dock across the road for many years! More information available through your agent.

Single Family

  • Price
  • $ 369,000
  • City
  • Worthington
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • NOBLES
  • Half Bathrooms
  • 1
  • Area
  • Cherry Point Park
  • Lot Size
  • 0.184 Acres
  • Zip
  • 56187
  • Sqr Footage
  • 2,547
  • Year Built
  • 1915
  • Taxes
  • $ 3674
  • Style
  • Single Family
  • MLS#
  • 7118903
Listed By: Re/Max Premier Realty
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 2547
Sewer City Sewer/Connected
Heating Boiler,Hot Water
Cooling Window Unit(s)
Garage Spaces 2
Year Built 1915
Levels Two
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Nobles
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Cherry Point Park
Full Baths 1
Directions See Google Maps
City Worthington
High School District Worthington
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 3674
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
PostalCity Worthington

Interior Features

Basement Full
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 2187
Half Baths 1
3/4 Baths 1
Total Bedrooms 4
Below Grade Finished Area 360
Total Baths 3
Fuel Natural Gas
Garage Dimensions 21x24
Garage Square Feet 504

Exterior Features

Parking Features Attached Garage
Water Source City Water/Connected
Lot Size Area 0.184
Building Area Total 3561
Lot Dimensions 8000 sq ft
Waterfront Y/N No
Foundation Area 869

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/30/2026 Listed $369,000

Property vs Zip Code Average in 56187

Price
AVG $310K
$370K
Taxes
AVG $3,137
$3,674
Year Built
AVG 1955
1915
Visits
AVG 40
30
Data Provided by Inside Real Estate®

Areas That We Cover

506 W Lake Avenue Worthington, MN is a Single Family Home for sale at $369000 with 2547 sqft and a lot size of 0.184 Acres Acre(s). 506 W Lake Avenue Worthington has 4 bedrooms, 2 baths and was built in 1915. The property's zip code is 56187 which is in Worthington, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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