This new single-story home is ideal for entertaining, with an open design among a Great Room with a cozy fireplace, a dining room for meals of all sizes and a kitchen for cooking feasts. A versatile study provides endless possibilities, while the luxe owner's suite is a restful haven in the back of the home.
Sold for $449,993 on 10/16/25
Street View
$449,993
1481 Palmer Dr N, Lake Elmo, MN 55042
2beds
3,240sqft
Single Family Residence
Built in 2024
-- sqft lot
$450,900 Zestimate®
$139/sqft
$3,742 Estimated rent
Home value
$450,900
$419,000 - $487,000
$3,742/mo
Zestimate® history
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What's special
Zillow last checked: January 06, 2024 at 10:19pm
Listing updated: January 06, 2024 at 10:19pm
Source: Lennar Homes
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Interior area
- Total interior livable area: 3,240 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: 1.0
- Stories: 1
Details
- Parcel number: 2502921310046
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New Construction
- New construction: Yes
- Year built: 2024
Details
- Builder name: Lennar
Community & neighborhood
Location
- Region: Lake Elmo
- Subdivision: Royal Club : The Fairway Enclave Villa Collection
Price history
| Date | Event | Price |
|---|---|---|
| 10/16/2025 | Sold | $449,993-43.8%$139/sqft |
Source: Public Record | ||
| 1/7/2024 | Listing removed | $799,990$247/sqft |
Source:  Lennar Homes | ||
| 12/9/2023 | Price change | $799,990-0.4%$247/sqft |
Source: Lennar Homes | ||
| 12/2/2023 | Price change | $802,990+0.4%$248/sqft |
Source: Lennar Homes | ||
| 11/21/2023 | Price change | $799,990-10.2%$247/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6460618 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,928 +21.8% | $443,900 +43.1% |
| 2023 | $3,224 +2049.3% | $310,300 +2485.8% |
| 2022 | $150 | $12,000 |
Find assessor info on the county website
Neighborhood: 55042
Nearby schools
GreatSchools rating
- 6/10Lake Elmo Elementary SchoolGrades: K-5Distance: 2.2 mi
- 6/10Oak-Land Middle SchoolGrades: 6-8Distance: 0.9 mi
- 10/10Stillwater Area High SchoolGrades: 9-12Distance: 4.3 mi
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Estimated market value
$450,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$450,900