Homes for sale · updated November 3, 2026
New construction homes for sale in Lake Elmo, MN
25 homes are for sale in Lake Elmo, MN (new construction) as of November 3, 2026, from $393,310 to $2.175 million, with a median list price of $534,370.
- For sale now
- 25
- Median list price
- $534,370
- Price range
- $393,310–$2.175 million
- Median per sq ft
- $236
- Median sold (12 mo.)
- $665,000
The homes
$931,59511177 Masters Street N, Lake Elmo, MN 55042MLS #7168745
Listing courtesy of Lennar Sales Corp
$495,25010948 Lower 37th St Court N, Lake Elmo, MN 55042MLS #7158262Listing courtesy of Robert Thomas Homes, Inc.
$504,94510930 37th Street N, Lake Elmo, MN 55042MLS #7151221Listing courtesy of Robert Thomas Homes, Inc.
$889,9003770 Knightsbridge Lane N, Lake Elmo, MN 55042MLS #7138124Listing courtesy of New Home Star
$437,79510926 37th Street N, Lake Elmo, MN 55042MLS #7145753Listing courtesy of Robert Thomas Homes, Inc.
$439,1258780 Island Trail Echo N #D, Lake Elmo, MN 55001MLS #7143517Listing courtesy of M/I Homes
$438,2058780 Island Trail Echo N #A, Lake Elmo, MN 55001MLS #7143492Listing courtesy of M/I Homes
$404,3618760 Island Trail Echo N #B, Lake Elmo, MN 55001MLS #7143526Listing courtesy of M/I Homes
$396,1358780 Island Trail Echo N #B, Lake Elmo, MN 55001MLS #7143509Listing courtesy of M/I Homes
$393,3108760 Island Trail Echo N #D, Lake Elmo, MN 55001MLS #7143524Listing courtesy of M/I Homes
$950,0003613 Knightsbridge Trail N, Lake Elmo, MN 55042MLS #7143061Listing courtesy of Edina Realty, Inc.
$745,0003299 Linden Avenue Court N, Lake Elmo, MN 55042MLS #7127334Listing courtesy of Coldwell Banker Realty
$594,9503476 Knightsbridge Trail N, Lake Elmo, MN 55042MLS #7142822Listing courtesy of Robert Thomas Homes, Inc.
$534,37010941 37th Street N, Lake Elmo, MN 55042MLS #7142823Listing courtesy of Robert Thomas Homes, Inc.
$1,119,0003634 Knightsbridge Trail N, Lake Elmo, MN 55042MLS #7141715Listing courtesy of Edina Realty, Inc.
$447,2828760 Island Trail Echo N #A, Lake Elmo, MN 55001MLS #7140762Listing courtesy of M/I Homes
$442,9358760 Island Trail Echo N #E, Lake Elmo, MN 55001MLS #7141721Listing courtesy of M/I Homes
$398,4348780 Island Trail Echo N #C, Lake Elmo, MN 55001MLS #7141726Listing courtesy of M/I Homes
$394,9908760 Island Trail Echo N #C, Lake Elmo, MN 55001MLS #7141757Listing courtesy of M/I Homes
$563,93310945 37th Street N, Lake Elmo, MN 55042MLS #7124238Listing courtesy of Robert Thomas Homes, Inc.
$549,9003488 Knightsbridge Trail N, Lake Elmo, MN 55042MLS #7124231Listing courtesy of Robert Thomas Homes, Inc.
$1,052,3101848 Royal Boulevard N, Lake Elmo, MN 55042MLS #7098720Listing courtesy of Lennar Sales Corp
$2,175,0001353 Palmer Drive N, Lake Elmo, MN 55042MLS #7096223Listing courtesy of Coldwell Banker Realty - Southwest Regional
$1,100,0003644 Knightsbridge Lane, Lake Elmo, MN 55042MLS #7066082Listing courtesy of New Home Star
$649,5503480 Knightsbridge Trail N, Lake Elmo, MN 55042MLS #7029261Listing courtesy of Robert Thomas Homes, Inc.
Keller Williams Preferred Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Keller Williams Preferred Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Keller Williams Preferred Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
Keller Williams Preferred Realty participates in Regional MLS’s Broker Reciprocity℠ program, allowing us to display other brokers’ listings on our site. However, Keller Williams Preferred Realty displays only listings located in the Minnesota communities covered on this website. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available. Listing data last updated November 3, 2026 at 8:18 PM (Central). Use of listing data is subject to the license agreement. Open House information is subject to change without warning.
Local knowledge
Before you buy in Lake Elmo
Lakes in Lake Elmo
Quick answers
New construction homes for sale in Lake Elmo: questions
How many homes are for sale in Lake Elmo, MN (new construction)?
25 homes are for sale in Lake Elmo, MN (new construction) as of November 3, 2026, from $393,310 to $2.175 million, with a median list price of $534,370. Listings update twice a day from NorthstarMLS.
What is the median list price for new construction in Lake Elmo, MN?
$534,370 across 25 active listings as of November 3, 2026, about $236 per finished square foot.
What is the least expensive new construction for sale in Lake Elmo, MN?
8760 Island Trail Echo N #D, Lake Elmo, listed at $393,310 with 3 bedrooms (M/I Homes), as of November 3, 2026.
What are homes actually selling for in Lake Elmo, MN?
The median sale price was $665,000 over the 12 months through September 2026 (+2.9% from a year earlier), with 251 homes sold and 52 days on market on average, according to the Minneapolis Area REALTORS® Local Market Update (NorthstarMLS data).
How do I get new Lake Elmo, MN listings first?
Use the form on this page and a Huerkamp Home Group agent will set up alerts so you see new listings as soon as they hit the market. There's no cost to buyers.
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