Princeton Homes under $600,000

Welcome to Princeton, Minnesota – a charming city that beautifully blends small-town warmth with modern conveniences. Nestled in the heart of Mille Lacs County, Princeton is known for its friendly community, beautiful parks, and a rich history that dates back to its founding in the late 1800s. With a population of just over 4,500 residents, this picturesque city offers a tranquil lifestyle while being conveniently located near larger urban areas.

Princeton is a haven for outdoor enthusiasts, boasting numerous parks, trails, and recreational opportunities. The scenic Rum River flows through the city, providing a picturesque backdrop for leisurely strolls, picnics, and fishing adventures. The city also hosts various community events throughout the year, fostering a strong sense of belonging among its residents.

For those seeking their dream home, Princeton offers an impressive array of properties under $600,000. Whether you’re looking for a cozy single-family home, a charming townhome, or a spacious property with a large backyard, Princeton has something to suit every lifestyle. These homes often feature modern amenities, open floor plans, and beautiful landscaping, all while being situated in family-friendly neighborhoods.

With its affordable housing market and strong community spirit, Princeton is an ideal place for first-time homebuyers, families, and retirees alike. Explore the wonderful homes available in this delightful city, and discover why Princeton, Minnesota, is not just a place to live, but a place to call home.

Newest Princeton Homes under $600,000

$369,900

4 Beds ⋅ 2 Baths ⋅ 7156418 MLS

Looking for a little more land without giving up convenience? Situated on nearly 3 acres, this Princeton home offers plenty of outdoor space, a 3 car heated and insulated garage, plus a 16X16 matching shed. The lower level provides additional finished living space with flexibility for a variety of uses. Enjoy being close to Elk Lake and Sherburne National Wildlife Refuge while still having easy access to HWY 169 for commuting. With nearly 3 acres to make your own, there's plenty of opportunity here to settle in and make this property yours!

14043 294th Avenue, Princeton

Listing courtesy of Real Broker, LLC.

$280,000

3 Beds ⋅ 3 Baths ⋅ 7153962 MLS

Beautifully updated 3 (or 4) bedroom, 3 bath twinhome in a 55+ community located on the West Branch of the Rum River with a private, wooded back yard giving you serene views from the bedrooms, deck and patio. All new flooring upstairs and down, new paint in many rooms, updated ceiling lights. The roof, siding and garage door have all been recently replaced. High ceilings, lots of windows, two bedrooms and bathrooms on the main floor and laundry with convenient shelving. The kitchen has two pantry closets for lots of storage. The primary bedroom has a large walk-in closet. A walk-thru 3/4 bath connects the two bedrooms with a main floor half bath for guests. The 2nd bedroom has French doors and walks out to the deck so could be used as a sun room or sitting room. This unit is unique to the neighborhood with many built-in cabinet upgrades, two fireplaces, and an extra large window in the basement hobby room. The main floor has grab bars in the bathrooms and is wheelchair accessible through all the doorways. The full walk-out basement is completely finished with a large living room, 3rd bedroom with a room length deep closet, a 3/4 bath and an enormous hobby room with triple window. The hobby room has a pegboard for crafting or tools, new vinyl flooring for easy cleaning, and an enormous closet with sturdy shelving. A chair lift for the basement stairs is optional if you want an additional accessibility feature. Garage has attic storage accessible by a fold down ladder. Move in for low maintenance living and a completely, permanently private backyard river, trees, and meadow view that you won't find anywhere else in the area. (Interior pictures coming soon - all new Flooring is still being installed)

1007 N Rum River Drive, Princeton

Listing courtesy of Re/Max Reliance, Inc..

$320,000

4 Beds ⋅ 2 Baths ⋅ 7153792 MLS

Assumable mortgage opportunity on this corner-lot rambler in Princeton, MN. This beautifully maintained home features original hardwood floors, classic built-ins, and abundant storage. The updated kitchen offers ample cabinetry and an informal dining area. A finished basement adds flexible living space with a spacious recreation room, dedicated laundry and utility areas, and a fourth bedroom that could also serve as a home office or gym. Enjoy an attached garage and a private fenced outdoor area for entertaining, bonfires, and pets. Located near historic downtown Princeton, local schools, parks, shopping, and dining, this charming rambler combines character, convenience, and versatile living spaces. Ask for details about the assumable mortgage!

505 4th Street S, Princeton

Listing courtesy of eXp Realty.

$285,000

4 Beds ⋅ 2 Baths ⋅ 7151367 MLS

Hard to find, great opportunity! Equity Builder. Almost all materials are in the home for finishing. Newer upgrade siding and roofing. Newer high efficiency furnace, AC, and water softener. Many new windows. Newer deluxe appliances. Seller has completed many upgrades. Just needs finishing touches. Oversized four season porch. Huge dream attached garage with seperate work shop featuring a rear garage door for added convenience. Concrete drive with an abundance of extra parking plus side area parking for additional outdoor storage! Beautiful wooded setting, quiet cul-de-sac. Huge possibilities hear! Quick possession!

114 Woodland Circle, Princeton

Listing courtesy of Real Estate Masters, Ltd..

$375,000

3 Beds ⋅ 1 Baths ⋅ 7150332 MLS

Welcome home to a property that offers space, recreation, and room to make it your own! This home features 3 finished bedrooms and a full bathroom, with even more potential waiting in the lower level. The basement includes a nearly finished bathroom, family room, and potential 4th bedroom—all needing just flooring, paint, and finishing touches to add valuable living space and build immediate equity. Inside, you’ll appreciate the large, welcoming entryway and convenient mid-level laundry/mudroom, complete with a high-end LG washer and dryer. The kitchen and upper-level bathroom feature granite countertops, while solid oak cabinetry adds warmth and quality throughout the home. All appliances are included, are in newer condition, and are gas-powered. The home has also been maintained as pet-free, smoke-free, and scent-free. Outside, you’ll love the 24x24 pole building, already wired for 220 service and ready for your toys, tools, hobbies, storage, or workshop. One of the most unique features of this property is the community itself. This community has a shared septic system managed by the City of Baldwin, taking much of the hassle out of septic ownership. Even better, homeowners have access to an incredible 46-acre recreational area with walking trails and hunting opportunities—giving you plenty of room to enjoy the outdoors right in your own backyard. With extra space ready to finish, quality features throughout, a great outbuilding, and access to acres of recreational land, this property offers an opportunity that's hard to find!

14318 316th Avenue, Princeton

Listing courtesy of eXp Realty.

$299,900

3 Beds ⋅ 2 Baths ⋅ 7146988 MLS

Amazing opportunity in Princeton! This updated three-level split sits on two lots, offering nearly an acre of outdoor space and a unique combination of residential living and future possibilities. The home features updates both inside and out, with three bedrooms, 1.5 bathrooms, and a versatile flex space perfect for a home office, den, hobby room, or potential fourth bedroom. The spacious lower-level family room offers plenty of room to relax, entertain, and make the space your own. Adding even more opportunity, the additional lot behind the home is zoned commercial—an exciting option for a home-based business or other potential uses. With generous space, thoughtful updates, and uncommon flexibility, this Princeton property is one you won’t want to miss!

3207 90th Avenue, Princeton

Listing courtesy of Next Generation Realty LLC.

$309,000

3 Beds ⋅ 2 Baths ⋅ 7143634 MLS

Located in Princeton, Minnesota, this 3-bedroom, 2-bathroom home sits on approximately 0.82 acres and offers residential living space, outdoor space, and convenient access to the amenities of town. Positioned just off State Highway 95, the property provides an accessible location while maintaining a spacious yard with mature trees and established landscaping. Several important updates are already complete. The roof was replaced within the last year, providing a recent improvement to one of the home's major exterior components. The home also has a newer air conditioning system and furnace. Outside, the property features a large yard with mature trees and room for outdoor activities, gardening, landscaping, or additional recreational use. The established trees provide shade and privacy throughout the property while maintaining open yard space around the home. The property sits along State Highway 95 in Princeton, offering convenient access to the surrounding community. Princeton offers a variety of everyday services and amenities, including grocery stores, restaurants, retail businesses, schools, parks, and other community facilities. The location also provides access to major roadways for travel throughout the surrounding area. Princeton is located in Mille Lacs County, approximately 50 miles north of the Twin Cities metropolitan area. The community is situated near the Rum River and provides access to a variety of outdoor recreational opportunities throughout the surrounding area. Nearby communities include Zimmerman, Elk River, Cambridge, and Milaca. For those looking for a property with more land than a typical in-town residential lot, the approximately 0.82-acre parcel provides additional outdoor space while remaining close to the conveniences of Princeton. The combination of the home's three bedrooms and two bathrooms, recent roof replacement, newer heating and cooling systems, mature trees, and large yard offers many great features you’ll enjoy. Don’t miss your chance at this beautiful property with a great location!

7308 State Hwy 95, Princeton

Listing courtesy of Whitetail Properties Real Estate.

$459,900

5 Beds ⋅ 3 Baths ⋅ 7139871 MLS

FULLY FURNISHED 1906 QUEEN ANNE VICTORIAN, in the heart of Princeton’s original Historic District. From the beds to the silverware, this extraordinary home can be yours, beautifully furnished and ready to live in from the moment the keys become yours. Imagine closing day. You set down your bags, walk through rooms already filled with warmth and character, and realize there is almost nothing left to do except begin living the life this home was made for. Coffee on the porch. Your first fire beneath the evening sky. Dinner around the table. A quiet night surrounded by 120 years of history. This is not a house you buy and then try to make special. It already is. 312 7th Avenue S is part of the story of Princeton itself, standing at the heart of its original Historic District. Open the front door and another world begins. Original pocket doors glide between gracious rooms. Intricate millwork, preserved built-ins and timeless floors surround you with the artistry of an era when homes were meant to endure for generations. Then the sunlight finds the extraordinary diamond-pattern Cathedral Glass, illuminating deep reds and greens and casting color into rooms that have watched more than a century pass by. It is the kind of craftsmanship that cannot simply be ordered, replaced or recreated. Five bedrooms, three baths and more than 2,751 finished square feet offer remarkable flexibility, crowned by an unforgettable 41 x 28 third-floor Primary Suite, an entire private level that feels almost hidden away from the rest of the world. Beyond the walls, welcoming porches and lovingly cultivated gardens invite slow mornings, long summer evenings and conversations you never want to end. And now, perhaps for the first time, you do not have to wonder how you could ever furnish a home this distinctive. The furnishings can stay. The Cathedral Glass stays. The character stays. The story stays. You simply step into it. Picture Thanksgiving here, the table filled and every room alive with conversation. Imagine Christmas morning beneath ceilings that have witnessed generations of celebrations before yours. Picture friends walking through the door, stopping to take it all in, and asking the question you may hear again and again: “How did you ever find this place?” More than $125,000 has recently been invested in updating, preserving and improving this remarkable home, but its most treasured qualities were created long before any of us arrived: its craftsmanship, its architecture, its history and that almost indescribable feeling of standing inside something that could never truly be duplicated. For 120 years, this Queen Anne has been protected, cherished and entrusted from one Steward to the next. It has welcomed families, witnessed celebrations, carried memories and endured while so much around it changed. Soon, someone will turn this key, walk through these rooms and understand that they are not simply buying a historic home. They are being entrusted with its next chapter. Someone will drink coffee on this porch, watch the morning sun illuminate the Cathedral Glass, gather the people they love around this table and carry this extraordinary home forward into its next century. The only question is whether that someone will be you... or whether someday you will wish it had been. No longer do you simply admire historic luxury. Now, you live it. Now, you own it.

312 7th Avenue S, Princeton

Listing courtesy of Coldwell Banker Realty.

$265,000

3 Beds ⋅ 3 Baths ⋅ 7075893 MLS

Rare opportunity to own a beautifully refreshed end-unit home in this desirable 55+ community! One level living ideally positioned at the end of the building, this home offers added privacy and peaceful views. Step inside to a bright, open floor plan filled with natural light, featuring fresh paint and new carpet. The spacious deck is a standout feature, offering plenty of room to relax or entertain, plus convenient stairs leading to the lower level. Enjoy flexible living space, including a dedicated shop/gym room that's perfect for hobbies, projects, exercise, or additional storage. A wonderful combination of privacy, space, and low-maintenance living—ready for you to move in and make it your own!

1103 N Rum River Drive, Princeton

Listing courtesy of Keller Williams Realty Integrity.

$225,000

7133094 MLS

Here is your opportunity to remodel a turn of the century home or start fresh. Home is a brick 1 1/2 story that needs extensive work but could be absolutely beautiful when done. The 5 acre site is wooded and in a great location, there are other outbuildings included. Property has not been occupied for a while and is very overgrown. There is a drilled well and a older septic system. Bring your imagination and ideas to make this your own!

5565 85th Avenue, Princeton

Listing courtesy of Princeton Realty.

$475,000

7 Beds ⋅ 4 Baths ⋅ 7132867 MLS

Perennials + Ponds + Raised Gardens + Chicken Coop + Shed(s) + Firepit + Newer Aluminum Deck + Walkout/Patio + Outdoor Wood Boiler (supplemental) + 3 car garage are just the beginning on this spacious split with 7 bedrooms + 4 baths. Nestled on 4.7 heavily wooded acres this home offers a beautiful blend of privacy and functionality for every lifestyle. The vaulted main area flows into a huge kitchen with center island and is ideal for gathering and entertaining. Bring your family, your friends, your hobbies and find yourself at home!

15121 319th Avenue NW, Princeton

Listing courtesy of Edina Realty, Inc..

$375,000

2 Beds ⋅ 2 Baths ⋅ 7132401 MLS

Beautiful maintenance free living awaits. Newly constructed twinhome with over 1300 square feet, one level living with open floor plan and neutral colors throughout. Vaulted ceiling, LVP flooring, Rustic Alder cabinetry, subway tile backsplash, granite center island, sunroom creates additional space for the holidays or just a quiet sitting room. Onsuite with private bath & walk in closet.

1002 S 5th Street, Princeton

Listing courtesy of Keller Williams Integrity NW.

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