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Montezuma, IA Homes for Sale under $400,000

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  • /24

    $325,000

    $50K PRICE DROP
    • 2 Beds
    • 2.5 Baths
    • 1,464 Sq Ft

    112 Sunrise Ln, Montezuma, IA 50171

    Discover the potential of lake living in the desirable Lake Ponderosa neighborhood just outside Montezuma with 10 feet of lake access! Situated on over half an acre and just a stone's throw from the water, this property offers space, flexibility, and incredible value for anyone looking to enjoy the lake lifestyle. The open-concept main level creates an inviting layout perfect for everyday living

    Agent Photo

    Chris Kew

    RE/MAX Precision

    112 Sunrise Ln, Montezuma, IA 50171
  • /27

    $345,000

    • 2 Beds
    • 1 Bath
    • 924 Sq Ft

    276 Center Point Dr, Montezuma, IA 50171

    Lake front cabin on Lake Ponderosa with western views! Enjoy this great weekend getaway or use the lot to build your dream home. The cabin has been updated throughout the years and offers a very cozy, open atmosphere. There are two bedrooms and a full bathroom to complete the interior. The rear of the home offers a deck with gorgeous views of the west lake. There is also a firepit area and

    Agent Photo

    Andy Erselius

    AE Realty, Inc

    276 Center Point Dr, Montezuma, IA 50171
  • /20

    $169,000

    $11K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,100 Sq Ft

    407 E Clark St, Montezuma, IA 50171

    Recently rehabbed home in Montezuma on a level, double lot in quiet location just across the road from the Bonham Trail - great for walking. You're sure to enjoy this move-in ready home as it has seen many updates including newer vinyl siding, updated bathroom, newer flooring throughout, newer dishwasher and microwave, newer deck in rear, lockers and sink in main floor laundry/mud room, some

    Agent Photo

    Andy Erselius

    AE Realty, Inc

    407 E Clark St, Montezuma, IA 50171
  • /22

    $209,000

    $6K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,329 Sq Ft

    201 N 9th St, Montezuma, IA 50171

    Fantastic, renovated ranch home in established neighborhood in Montezuma, Iowa. This home has seen a ton of updates from 2022 to 2025 - it's definitely a must see. The gorgeous exterior includes newer siding and windows with a great, level yard as a bonus. Once inside you'll notice the huge, open living room with newer flooring and trim throughout. A set of French doors leads out to the covered

    Agent Photo

    Andy Erselius

    AE Realty, Inc

    201 N 9th St, Montezuma, IA 50171
  • /35

    $240,000

    • 3 Beds
    • 2 Baths
    • 1,728 Sq Ft

    306 Meadow Lane Dr, Montezuma, IA 50171

    Wonderful ranch home in Montezuma’s Hallmark Addition just a short walk from the West Side Park and disc golf course! Along with attractive curb appeal, notice the large lot that overlooks a peaceful pasture beyond the large back yard. Inside your eyes are sure to gravitate to the new LVP flooring throughout the main level. The semi-open floor plan includes a large living room that flows into the

    Agent Photo

    Andy Erselius

    AE Realty, Inc

    306 Meadow Lane Dr, Montezuma, IA 50171
  • /26

    $129,000

    $10K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 1,806 Sq Ft

    304 E Dallas St, Montezuma, IA 50171

    Updated four bedroom home with oversized one car garage located just a couple blocks from the Montezuma square, shopping and library. The main floor offers a large living room, kitchen, bathroom, and two bedrooms (possibly three) with one of the bedrooms including a half bathroom. Upstairs are two more bedrooms. New flooring and interior paint throughout. The exterior is maintenance free with

    Agent Photo

    Andy Erselius

    AE Realty, Inc

    304 E Dallas St, Montezuma, IA 50171
  • /31

    $189,000

    • 2,798 Sq Ft

    415 E Main St, Montezuma, IA 50171

    Looking for an investment property that can cash flow immediately? Look no further. Located just a block from the Montezuma square this triplex is fully occupied. Monthly rent is currently $2,200 (Main level - 1 BR $600, 1 BR $700, Upper level - 3 BR $900). Tenants pay for their own utilities. The owner pays for mowing and snow removal. Parts of all three units have been updated within last 24

    Agent Photo

    Andy Erselius

    AE Realty, Inc

    415 E Main St, Montezuma, IA 50171
  • /6

    $148,500

    • 2,400 Sq Ft

    4854 103rd St, Montezuma, IA 50171

    NEW STEEL POLE BUILDING!!! Approximately 1 mile from Lake Ponderosa! 2400 sq ft, 40’ wide by 60' long and 16’ tall. Ridge peak vented roof, gutters & snow guards, 2’ overhang on the roof perimeter. (Solid Soffit on gables with vented on the eaves). House wrap under all steel. 4’ high Wanes-coat on 3 sides, 4’ high Coffee Genstone on front gable end. 3’ insulated solid 6-panel door, 1-18’wide x

    Jessie Talbert McNaul Real Estate Inc

    4854 103rd St, Montezuma, IA 50171
  • /23

    $320,000

    • 2 Beds
    • 2 Baths
    • 952 Sq Ft

    137 Horseshoe Dr, Montezuma, IA 50171

    Experience lake living at beautiful Lake Ponderosa with stunning unobstructed water views that feel just like true lakefront property. This turnkey getaway features an open-concept single-wide Manufactured home designed for comfortable lake life and easy entertaining.Enjoy your morning coffee or evening sunsets from the spacious covered front deck overlooking the lake. The home offers 2

    Patricia O'Connell Realty87

    137 Horseshoe Dr, Montezuma, IA 50171
  • /18

    $358,000

    • 3 Beds
    • 2 Baths
    • 927 Sq Ft

    101 Maple Rd, Montezuma, IA 50171

    Gather. Relax. Make memories. This updated, year-round Lake Ponderosa cabin is designed for bringing people together with a lower-level bunkroom and upper-level loft space. Whether it's a weekend at the lake, a family holiday, or a quiet evening, this cozy retreat offers the perfect blend of comfort, charm, and lake living. Inside, this 3-bedroom 2 -bathroom home you'll find a bright, open living

    Christina Behun Realty ONE Group Impact

    101 Maple Rd, Montezuma, IA 50171
  • /35

    $165,000

    • 4 Beds
    • 3 Baths
    • 2,100 Sq Ft

    505 E Wood St, Montezuma, IA 50171

    Need room to spread out without breaking the budget? This spacious 2,100+ sq ft ranch offers 4 bedrooms, 3 full bathrooms, multiple living spaces, and a flexible office that could easily serve as a 5th bedroom, playroom, or hobby space. Situated on a large double corner lot, this move-in-ready home has been refreshed with new flooring throughout, fresh paint, durable vinyl siding, and a metal

    Ashton Verschuure RE/MAX Concepts

    505 E Wood St, Montezuma, IA 50171
  • /21

    $315,000

    $10K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 960 Sq Ft

    107 Elm Rd, Montezuma, IA 50171

    Lake View - 10 ft. of lake access. Ranch style 2-bedroom, 1 bath home with an open floor plan, deck, and 2 car garage. The home sits on a quiet road with no through traffic and is positioned on a hill overlooking the lake, offering a beautiful, elevated view with easy access to the lake right in front. The open layout with high, open ceilings creates a bright, welcoming flow through the kitchen,

    Sunni Kegebein AE Realty, Inc

    107 Elm Rd, Montezuma, IA 50171
  • /24

    $353,000

    $25K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,430 Sq Ft

    204 Eastside Ln, Montezuma, IA 50171

    Jump into lake life at an affordable price! This lakefront mobile home at Lake Ponderosa features 3 bedrooms, 2 bathrooms, and an open feel with the kitchen and living room to enjoy family. Then there is a bright, roomy four-season space that’s perfect for hanging out rain or shine that leads out to a screened in area and large deck. The flat lot makes outdoor fun easy, and the dock, lift, and

    Christina Behun Realty ONE Group Impact

    204 Eastside Ln, Montezuma, IA 50171
  • /12

    $230,000

    • 3 Beds
    • 2 Baths
    • 1,558 Sq Ft

    206 N High St, Montezuma, IA 50171

    This charming 11⁄2-story home in Montezuma offers small-town living with plenty of space inside and out. Featuring 3 bedrooms and 11⁄2 baths, the home combines character, comfort, and functionality for families or anyone looking for extra room to spread out. Situated on three spacious lots, the property provides an exceptional yard with endless possibilities for gardening, recreation, or future

    Joel Kercheval K-F-G Agency, Inc

    206 N High St, Montezuma, IA 50171
  • /9

    $159,500

    • 3 Beds
    • 2 Baths
    • 1,510 Sq Ft

    203 E Washington St, Montezuma, IA 50171

    Great opportunity to own this 3-bedroom, 2-bath home with a 2-car tandem garage! Ideal for first-time homebuyers or investors, this property offers a practical layout, comfortable living spaces, and excellent potential. Conveniently designed and affordably priced, it's ready for your personal touch. Schedule your showing today!

    Raenelle Bryan Bryan Realty Inc

    203 E Washington St, Montezuma, IA 50171
  • /37

    $239,000

    $46K PRICE DROP
    • 3 Beds
    • 3 Baths
    • 1,759 Sq Ft

    304 W Main St, Montezuma, IA 50171

    Spacious. Welcoming. Updated. Three simple words that can not be argued about what this awesome property has to offer. Enter the home from the 3 stall attached garage, you are welcomed into the large kitchen boasting a spacious sit down island and ample cupboard space along with plenty of pantry storage. The kitchen flows nicely to a good sized deck, a sunroom with great views of the nice back

    Adam Snook Bryan Realty Inc

    304 W Main St, Montezuma, IA 50171
  • /27

    $176,900

    $9K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,440 Sq Ft

    1195 Forest Home Rd, Montezuma, IA 50171

    Country Living with Room to Roam! Welcome to this charming property nestled on a spacious lot. Offering a quiet rural lifestyle while remaining close to the amenities of Montezuma, this home provides the perfect balance of comfort and function. The interior features a thoughtful, open-concept floor plan that seamlessly connects the kitchen and dining areas. The home includes three comfortable

    Mindy Huls EXIT Realty & Associates

    1195 Forest Home Rd, Montezuma, IA 50171
  • /5

    $169,000

    • Studio
    • 1,500 Sq Ft

    225 Woodland Rd Unit B, Montezuma, IA 50171

    Lake Ponderosa storage is in high demand—and this shop delivers. With spray foam insulation, electric heat and water, this shop is ready to wash all your vehicles and for year-round storage. Call for your own personal showing today.

    Christina Behun Realty ONE Group Impact

    225 Woodland Rd Unit B, Montezuma, IA 50171
  • /6

    $134,000

    $4K PRICE DROP
    • Land
    • 7,405 Sq Ft
    • $788,235 per Acre

    380 Timber Ridge, Montezuma, IA 50171

    Lake living at Lake Ponderosa is wonderfully diverse, offering something for everyone. One of the biggest advantages of this private lake community is that most residents enjoy direct lakefront access and with this campsite you get 12 feet of lake access, making it easy to hop onto your boat and enjoy a full summer. This site is fully equipped and ready to host up to four campers, with electric,

    Christina Behun Realty ONE Group Impact

    380 Timber Ridge, Montezuma, IA 50171
  • /2

    $150,000

    • Land
    • 19,602 Sq Ft
    • $333,333 per Acre

    206 Woodland Rd, Montezuma, IA 50171

    Check out this large lakeview lot offered at 206 W. Woodland Road Lake Ponderosa. Eliminate your storage problems with this opportunity. Build your own personal building or with the size, build 3 to sell! Call for complete information on the possibilities of this lot.

    Connie Durr Patriot Realty

    206 Woodland Rd, Montezuma, IA 50171
  • /9

    $195,000

    • Land
    • 13,068 Sq Ft
    • $650,000 per Acre

    103 North Dr, Montezuma, IA 50171

    Build your dream home on this one-of-a-kind lake lot offering stunning water views. Situated adjacent to a dedicated lake access area that cannot be built on, you'll enjoy unobstructed views with plenty of room for gathering. This ready-to-enjoy property is already equipped with water service, 30-amp electrical service, LP availability, and a 500-gallon holding tank, making it ideal for use as a

    Dana McFarland Century 21 Signature Real Estate

    103 North Dr, Montezuma, IA 50171
  • /10

    $250,000

    • 3 Beds
    • 2 Baths
    • 1,740 Sq Ft

    106 N Grove St, Montezuma, IA 50171

    106 N Grove Street Montezuma offered for sale. This one owner home offers a corner double lot on a quiet street on the West side of town. You will enjoy the concrete drive, large sun room on the back side of the home as well as all the extra lower level space. The home offers 3 beds and 2 baths with more options for additional bedrooms in the lower level. Call for a tour!

    Connie Durr Patriot Realty

    106 N Grove St, Montezuma, IA 50171
  • /36

    $200,000

    $5K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 2,078 Sq Ft

    203 E Dallas St, Montezuma, IA 50171

    Great opportunity to acquire a Ranch home in the heart of Montezuma! This home offers 5 bedrooms (2 non-conforming) and 2 full bathrooms. As you walk through the front door, you are met by a nice-sized living room that transitions into the kitchen. The kitchen showcases stainless steel appliances and painted cabinets with updated hardware. The living room, kitchen, hallway and main floor bathroom

    Bennett Wiltfang RE/MAX Partners Realty, Grinnell

    203 E Dallas St, Montezuma, IA 50171
  • /25

    $283,000

    $15K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 1,080 Sq Ft

    102 Lakeview Dr, Montezuma, IA 50171

    Lake Ponderosa living at its best. This 2-bedroom, 1-bath home offers just over 1,000 square feet of inviting living space with seamless indoor-outdoor flow. Enjoy time outside on your shaded deck just off the dining and living areas, or head down to your 20 feet of lake-access frontage with a sitting area and beach—perfect for relaxing or launching your favorite lake toys. One of the most

    Christina Behun Realty ONE Group Impact

    102 Lakeview Dr, Montezuma, IA 50171
  • /3

    $299,500

    • Land
    • 9,583 Sq Ft
    • $1,361,364 per Acre

    316 Hillcrest Ridge, Montezuma, IA 50171

    Build your own lake front home or use the lot as it is! This lakefront lot is located in an excellent location on the main channel of the East lake. The lot offers a blank slate with 60.80 ft. at the lake with a gentle slope to the water. Call for more information or walk the lot to see the lay of the land.

    Connie Durr Patriot Realty

    316 Hillcrest Ridge, Montezuma, IA 50171
  • /24

    $398,000

    • 2 Beds
    • 2 Baths
    • 1,698 Sq Ft

    109 Bramble Dr, Montezuma, IA 50171

    Enjoy lake living with a sense of privacy in this spacious Lake Ponderosa home. Set on nearly an acre, the property features two bedrooms, two bathrooms, and about 1,700 square feet of living space—offering flexibility for adding a third bedroom or creating a bunk room. You’ll have convenient 20-foot lake access with docks and lifts, with even a pontoon included all ideal for boating and water

    Christina Behun Realty ONE Group Impact

    109 Bramble Dr, Montezuma, IA 50171
  • /40

    $280,000

    • 5 Beds
    • 3 Baths
    • 3,015 Sq Ft

    205 W Jefferson St, Montezuma, IA 50171

    Welcome home to this spacious and beautifully maintained 5-bedroom, 3-bath, two-story home offering over 3,015 square feet of comfortable living space! Situated on a desirable double corner lot, this property provides plenty of room both inside and out. The inviting floor plan offers generous living areas, making it ideal for everyday living and entertaining. The oversized 3-car attached heated

    Raenelle Bryan Bryan Realty Inc

    205 W Jefferson St, Montezuma, IA 50171
  • /5

    $169,000

    • 2,400 Sq Ft

    224B Woodland West Rd, Montezuma, IA 50171

    224B W Woodland Road Lake Ponderosa offered for sale. End your storage issues and have room to rent a few spots as well with this well maintained 40 x 60 shed with a flat approach, concrete throughout, electric, lights, 2025 complete new roof, gutters and downspouts. 14 ft. height overhead door, and the added bonus of an insulated interior room for a workshop. Call for a tour!

    Connie Durr Patriot Realty

    224B Woodland West Rd, Montezuma, IA 50171
  • /16

    $265,000

    $10K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,080 Sq Ft

    212 Cottage Ln, Montezuma, IA 50171

    NEW LISTING! 212 Cottage Lane Lake Ponderosa. This lakeview home is the perfect pathway to lake life. 3 bedrooms, 2 baths, just across from the lake with your insulated, heated man cave/garage all ready for you. Access and boat lift across the road with the home. $275,000

    Connie Durr Patriot Realty

    212 Cottage Ln, Montezuma, IA 50171
  • /39

    $315,000

    $7K PRICE DROP
    • 5 Beds
    • 2 Baths
    • 2,016 Sq Ft

    317 Terrace Lane Dr, Montezuma, IA 50171

    Spacious Ranch on 3.5 Scenic Acres in Montezuma, 317 & 319 Terrace LnEnjoy the perfect blend of comfort, space, and nature with this beautifully maintained ranch home situated on 3.5 sprawling acres in the heart of Montezuma, Iowa. With over 2,000 square feet of finished living space, this home offers an open-concept layout designed for both everyday living and entertaining.The main level

    Patricia O'Connell Realty87

    317 Terrace Lane Dr, Montezuma, IA 50171
  • /12

    $388,000

    $10K PRICE DROP
    • 5 Beds
    • 3 Baths
    • 1,408 Sq Ft

    104 Ivy Dr, Montezuma, IA 50171

    A spacious Lake Ponderosa home designed with so much space makes it perfect for multiple families, a large household, or hosting friends. Built in 2006 and offering 2816 finished square feet within this home has it all with 5 bedrooms, 3 bathrooms, and an over 1200 square foot garage ideal for storing all your lake toys. The nearly quarter acre lot features ample parking, a side deck off the

    Christina Behun Realty ONE Group Impact

    104 Ivy Dr, Montezuma, IA 50171
  • /16

    $245,000

    • 3 Beds
    • 2 Baths
    • 1,107 Sq Ft

    187 Horseshoe Dr, Montezuma, IA 50171

    187 Horseshoe Drive offered for sale at Lake Ponderosa. This 3 bed 2 bath home offers a large lot overlooking the lake with a 752 sq. ft. wrap around deck for all your outdoor living, a newer metal roof, and some nice updates to the interior. This home offers a very nice access slip with a shared dock in a great water area. This home is a great value!

    Connie Durr Patriot Realty

    187 Horseshoe Dr, Montezuma, IA 50171
  • /2

    $148,000

    • Land

    0 Center Point Dr, Montezuma, IA 50171

    This flat lot at Lake Ponderosa offers excellent build or campground potential, featuring beautiful lake views and convenient access just across the road. It’s ready for you to bring your vision to life—build your dream getaway or full-time home here. Come take a look today!

    Christina Behun Realty ONE Group Impact

    0 Center Point Dr, Montezuma, IA 50171
  • /6

    $178,000

    $20K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 684 Sq Ft

    164 Whippoorwill Rd, Montezuma, IA 50171

    Ready for a lakefront view at a second-tier price? This .28-acre lot sits right above the lake access, giving you absolutely stunning views without the lakefront cost. A vintage trailer currently on the property has done its job for nearly 60 years, helping families make countless memories. Now it’s time to refresh this lot and start fresh, making it truly your own. The shared lake access offers

    Christina Behun Realty ONE Group Impact

    164 Whippoorwill Rd, Montezuma, IA 50171
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