For Sale: Minnetonka MLS# 7112244
Active
NEW!
$550,000
Lot/Land: Lot/Land
Built 1983
1.04 acres
Hopkins schools
MLS# 7112244
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Property Description
Exceptional opportunity to secure a prime parcel in Minnetonka. Whether you're a builder searching for your next custom home site, a developer evaluating redevelopment potential, or an investor looking for long-term value, this property offers exceptional flexibility. The existing home is livable and presents the opportunity to generate rental income while exploring future development possibilities and completing any desired planning, design, or municipal approval process.
Surrounded by mature neighborhoods, quality homes, parks, trails, shopping, dining, and convenient access to major roadways, the location provides the ideal setting for future new construction. As available building sites become increasingly scarce in established communities, opportunities like this continue to grow in demand.
Bring your vision and unlock the potential of this unique property. Explore the possibilities for a custom home, luxury residence, or redevelopment project in an area where location, convenience, and long-term value come together. Buyers are encouraged to perform their own due diligence regarding zoning, building requirements, permitted uses, and future development opportunities.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$550,000
Property Type:
Lot/Land
City:
Minnetonka
Garage Spaces:
2
County:
Hennepin
Year Built:
1983
State:
MN
Property Style:
Lot/Land
Zip Code:
55305
Subdivision Name:
Ivy Park
Exterior
Garage Spaces:
2
Lake & Waterfront
Waterfront Present:
Y
Waterfront View:
North
Waterfront:
- Lake Front
- Lake View
- Pond
Lot & Land
Acres:
1.04
Geolocation:
44.949811, -93.432105
Inclusions:
Dock
Lot Dimensions:
414 x 110
Restrictions:
Open
Zoning:
Residential-Single Family
Farm
Topography:
Sloped
Schools
School District:
270
District Phone:
9529884000
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$4,862
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,862
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Development Status:
Other
Improvements:
Paved Streets, Sidewalks, Storm Sewer
Available Utilities:
- Electricity Available
- Electricity Connected
- Natural Gas Available
- Natural Gas Connected
- Sewer Available
- Sewer Connected
- Storm Sewer Available
- Storm Sewer Connected
- Underground Utilities Available
- Underground Utilities Connected
- Water Available
- Water Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
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credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Compass.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.