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ActivePrice cut: $41K (1/17)
$1,599,000
5beds
5,455sqft

1389 Palmer Dr N, Lake Elmo, MN 55042

5beds
5,455sqft
Single family residence
Built in 2022
0.36 Acres
3 Attached garage spaces
$293 price/sqft
$102/mo HOA

What's special

Better than new construction! Don't be fooled by new construction pricing. Not all homes from this builder are from their Luxury lineup, meaning upgrades everywhere in this home! Welcome to 1389 Palmer Drive North, a former luxury model home that exemplifies refined craftsmanship and elevated living. Meticulously maintained, richly appointed, and ...

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Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7001388MLS Logo
Travel times

Living Room

Kitchen

Primary Bedroom

Zillow last checked: 7 hours ago

Listing updated: March 10, 2026 at 04:11pm

Listed by:

David Reed 651-230-0251,

RE/MAX Results,

Molly Dandelet 651-788-6592

Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7001388MLS Logo

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 3
  • 3/4 bathrooms: 1
  • 1/2 bathrooms: 1
Bedroom
  • Level: Upper
  • Area: 255 Square Feet
  • Dimensions: 17 x 15
Bedroom 2
  • Level: Upper
  • Area: 182 Square Feet
  • Dimensions: 14 x 13
Bedroom 3
  • Level: Upper
  • Area: 156 Square Feet
  • Dimensions: 13 x 12
Bedroom 4
  • Level: Upper
  • Area: 156 Square Feet
  • Dimensions: 13 x 12
Bedroom 5
  • Level: Lower
  • Area: 150 Square Feet
  • Dimensions: 15 x 10
Bonus room
  • Level: Upper
  • Area: 182 Square Feet
  • Dimensions: 14 x 13
Dining room
  • Level: Main
  • Area: 208 Square Feet
  • Dimensions: 16 x 13
Exercise room
  • Level: Lower
  • Area: 120 Square Feet
  • Dimensions: 12 x 10
Family room
  • Level: Lower
  • Area: 323 Square Feet
  • Dimensions: 19 x 17
Kitchen
  • Level: Main
  • Area: 266 Square Feet
  • Dimensions: 19 x 14
Living room
  • Level: Main
  • Area: 340 Square Feet
  • Dimensions: 20 x 17
Office
  • Level: Main
  • Area: 132 Square Feet
  • Dimensions: 12 x 11
Screened porch
  • Level: Main
  • Area: 156 Square Feet
  • Dimensions: 13 x 12
Heating
  • Forced Air, Fireplace(s)
Cooling
  • Central Air
Appliances
  • Included: Air-To-Air Exchanger, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Freezer, Humidifier, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliance(s), Wall Oven, Washer, Water Softener Owned
  • Laundry: Laundry Room, Upper Level
Features
  • Basement: Daylight,Drain Tiled,Egress Window(s),Finished,Concrete,Sump Basket,Sump Pump,Walk-Out Access
  • Number of fireplaces: 3
  • Fireplace features: Family Room, Gas, Stone
Interior area
  • Total structure area: 5,455
  • Total interior livable area: 5,455 sqft
  • Finished area above ground: 3,737
  • Finished area below ground: 1,421
Video & virtual tour

Property

Parking
  • Total spaces: 3
  • Parking features: Attached, Concrete, Garage Door Opener, Heated Garage, Insulated Garage
  • Attached garage spaces: 3
  • Has uncovered spaces: Yes
  • Details: Garage Door Height (8), Garage Door Width (16)
Accessibility
  • Accessibility features: None
Features
  • Levels: Two
  • Stories: 2
Lot
  • Size: 0.36 Acres
  • Dimensions: 110 x 150 x 94 x 150
  • Features: On Golf Course, Tree Coverage - Light
Details
  • Foundation area: 1718
  • Parcel number: 2502921310055
  • Zoning description: Residential-Single Family

Construction

Type & style
  • Home type: SingleFamily
  • Property subtype: Single Family Residence
Materials
  • Frame
  • Roof: Age 8 Years or Less,Architectural Shingle,Asphalt
Condition
  • New construction: No
  • Year built: 2022

Utilities & green energy

  • Electric: 200+ Amp Service
  • Gas: Natural Gas
  • Sewer: City Sewer/Connected
  • Water: City Water/Connected

Community & HOA

Community
  • Subdivision: Royal Golf Club/Lk Elmo 3rd Ad
HOA
  • Has HOA: Yes
  • Services included: Professional Mgmt, Recreation Facility, Sanitation, Shared Amenities
  • HOA fee: $306 quarterly
  • HOA name: Associa
  • HOA phone: 763-225-6400
Location
  • Region: Lake Elmo

Financial & listing details

  • Price per square foot: $293/sqft
  • Tax assessed value: $1,133,300
  • Annual tax amount: $12,058
  • Date on market: 1/3/2026
  • Cumulative days on market: 44 days
  • Road surface type: Paved

Price history

DateEventPrice
1/17/2026Price change$1,599,000-2.5%$293/sqft
Source: NorthstarMLS as distributed by MLS GRID #7001388 Report a problem
1/9/2026Listed for sale$1,640,000$301/sqft
Source: NorthstarMLS as distributed by MLS GRID #7001388 Report a problem
12/18/2025Listing removed$1,640,000$301/sqft
Source: NorthstarMLS as distributed by MLS GRID #6806311 Report a problem
11/6/2025Listed for sale$1,640,000+15.5%$301/sqft
Source: NorthstarMLS as distributed by MLS GRID #6806311 Report a problem
8/29/2023Sold$1,419,465-4.4%$260/sqft
Source: NorthstarMLS as distributed by MLS GRID #6426756 Report a problem
5/6/2023Listing removed--
Source: NorthstarMLS as distributed by MLS GRID #6261989 Report a problem
3/31/2023Price change$1,484,795-3.8%$272/sqft
Source: NorthstarMLS as distributed by MLS GRID #6261989 Report a problem
9/17/2022Listed for sale$1,543,460$283/sqft
Source: NorthstarMLS as distributed by MLS GRID #6261989 Report a problem

Public tax history

YearProperty taxesTax assessment
2025$12,058 +13.9%$1,133,300 +5.3%
2024$10,586 +221.4%$1,076,300 +246.9%
2023$3,294 +2096%$310,300 +2485.8%
2022$150 $12,000

Find assessor info on the county website

Monthly payment

Est. payment
$9,652/mo
Principal & interest
$8204
Property taxes
$1346
HOA Fees
$102
More affordability tools

    Estimated market value

    $1,571,500

    $1.49M - $1.65M

    $6,875/mo

    Climate risks

    Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

    Neighborhood: 55042

    Nearby schools

    GreatSchools rating