About This Home

This 3-bedroom, 2-bathroom single family at 31795 Lakeway Drive NE in Cambridge, MN is listed for $449,900 ($265 per sqft). Built in 1997, the home offers 1,696 sqft of living space on a 1.30 acres lot.

Key Features

  • Built in 1997
  • 1.30 acre lot
  • Fireplace

Property Details

1 full
2-car garage
1997

Amenities

FireplaceA/C
Listing Description

Lake living with channel access to Fannie Lake! Meticulously maintained three-level split set on a beautifully landscaped 1.3 acre lot with inviting outdoor spaces, thoughtful updates, and convenient lake access. Enjoy the outdoors from the welcoming covered front porch, natural flagstone patio, covered grilling area, above-ground pool with deck and locking gate, and spacious yard.

Lake Fannie access is via a walkway to an open-water channel, offering quick and convenient access to the main lake. The property also offers direct access to the snowmobile trail system. An oversized two-car garage with side-enclosed carport, built-in shelving, attic storage, heavy insulated garage doors, and a dedicated camper/RV parking pad provide excellent parking and storage flexibility.

Inside, hardwood floors on the main level lead into the inviting living room, featuring a resurfaced gas fireplace with built-in shelving on both sides. The kitchen offers stainless steel appliances, eat-in dining space, new countertops and matching backsplash, an extra-deep sink, reverse osmosis system, microwave, and walkout access to the yard and patio.

Upstairs are three bedrooms, including a primary bedroom with convenient walkthrough access to a remodeled bathroom featuring a new vanity and extra-deep soaking tub. The finished lower level adds flexible living space with a spacious family room, remodeled 3/4 bathroom with new vanity and walk-in shower, office nook, laundry with both gas and electric available for the dryer, and walkout access to the natural flagstone patio.

The home has been continuously updated and thoughtfully maintained, with improvements including new exterior doors and heavy insulated garage doors (2020), Karastan carpet upstairs and downstairs, roof and gutters with guards (2022), well cleaning, sterilization and new pump (2023), and a new front entry door (2026).

Additional features include natural gas, an owned water softener (2025), updated water heater, organized closets throughout, and abundant garage storage. The private backyard with a living wall of evergreens on both sides providing year-round privacy, mature landscaping, lake access via the channel, outdoor amenities, and multiple gathering spaces create an appealing setting for enjoying all four seasons.

A well-cared-for property offering a combination of lake access, spacious grounds, extensive updates, and versatile living and storage areas.

Monthly Cost Estimate

$2,406/mo

20% down · 6.5% · 30 years

Principal$325
Interest$1,950
Insurance$131

Estimates only. Actual payments may vary.

Location

31795 Lakeway Drive NE

Cambridge, MN 55008

Lakeway 2nd Addition

Features & Amenities

Interior Features

3 BR on One Level

Property Details

Construction

Block Frame

Outdoor Features

DeckPorchPatio

Parking

CarportDrivewayGarage - Attached

Heating

Forced Air

Cooling

Central Air

Appliances

DishwasherDryerWater Heater - GasWater Filtration SystemMicrowaveRangeRefrigeratorStainless Steel AppliancesWasherWater Softener - Owned

Questions & Answers

This 3-bedroom, 2-bathroom single family at 31795 Lakeway Drive NE is listed at $449,900 ($265/sqft). The estimated monthly payment is $2,406 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1997, 1.30 acre lot, Fireplace. Interior Features: 3 BR on One Level.

This property is listed by Chuck Carstensen.

CC

Chuck Carstensen

Agent at RE/MAX Results

Listed by RE/MAX Results · Broker phone: (952) 829-2900 · View on Broker Site · Broker website

MLS# 7133288· Source: Northstar MLS· 57 days on PropertySimple

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

31795 Lakeway Drive NE, Cambridge, MN 55008

Open this listing in: