Single Family Home for sale by owner in Waverly, MN 55390. Beautiful, spacious lake home on Waverly Lake, just 35 minutes west of 494 and 394 Split entry style with full kitchen, bath, family room and bedrooms on each level. If you are looking for a lake home that can be shared by two families--this home is for you. Or, lower level could be used as a mother-in-law apartment or just a great area for entertaining! 140 feet of level lakeshore--one of the best lots on the lake Great home for enterta... See site for full property details.