Set along one of Deephaven’s most quietly admired streets, this timeless residence on Heathcote Road captures a rare balance of classic architecture and livable design. Framed by a two-acre, tree-lined setting, the home unfolds with a sense of calm permanence—where elegance has been allowed to exist, uninterrupted, and intentional.
The architecture reflects a refined, traditional sensibility—graceful in proportion, welcoming in presence—while the interiors offer a more fluid, updated, natural flow. A main-level primary suite anchors the home, complimented by four additional bedrooms on the upper level, creating both privacy and natural separation of space.
At its heart, a richly appointed library/den—wrapped in natural wood built-ins and centered around a fireplace—offers a rare, intimate retreat. An open kitchen flows seamlessly into a window lined family room with fireplace, creating a warm, light-filled gathering space for everyday living. Formal dining provides a setting for more curated gatherings, while the home’s lower level expands into an exercise room and entertainment space designed for everyday living.
Outdoors, the experience is equally compelling. A beautifully integrated pool and patio sit within the privacy of mature trees, creating a setting that feels both expansive and secluded. Located within the Minnetonka School District and complete with a three-car garage /electric charging option - this is a home that speaks quietly—but with lasting impact.
A legacy home, in a classic setting—where architecture, landscape , and atmosphere align effortlessly.
Active
$2,095,000
4236 Heathcote Rd, Deephaven, MN 55391
5beds
6,141sqft
Est.:
Single Family
Built in 1966
1.98 Acres Lot
$2,022,500 Zestimate®
$341/sqft
$-- HOA
What's special
Warm light-filled gathering spaceNatural wood built-insMain-level primary suiteOpen kitchenWindow lined family roomPrivacy of mature treesTwo-acre tree-lined setting
- 17 days |
- 2,112 |
- 108 |
Zillow last checked:
Listing updated:
Listed by:
Bonnie J Velie 612-964-7865,
Coldwell Banker Realty,
Decker Velie 612-747-5097
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7041969
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 3
- 3/4 bathrooms: 2
- 1/2 bathrooms: 1
Bedroom
- Level: Main
- Area: 336 Square Feet
- Dimensions: 24 X 14
Bedroom 2
- Level: Upper
- Area: 238 Square Feet
- Dimensions: 14 X 17
Bedroom 3
- Level: Upper
- Area: 182 Square Feet
- Dimensions: 14 X 13
Bedroom 4
- Level: Upper
- Area: 182 Square Feet
- Dimensions: 14 X 13
Bedroom 5
- Level: Upper
- Area: 156 Square Feet
- Dimensions: 13 X 12
Primary bathroom
- Level: Main
- Area: 182 Square Feet
- Dimensions: 14 X 13
Bonus room
- Level: Upper
- Area: 840 Square Feet
- Dimensions: 35 X 24
Dining room
- Level: Main
- Area: 210 Square Feet
- Dimensions: 15 X 14
Exercise room
- Level: Lower
- Area: 600 Square Feet
- Dimensions: 25 X 24
Family room
- Level: Main
- Area: 442 Square Feet
- Dimensions: 17 X 26
Foyer
- Level: Main
- Area: 88 Square Feet
- Dimensions: 8 X 11
Kitchen
- Level: Main
- Area: 238 Square Feet
- Dimensions: 17 X 14
Laundry
- Level: Main
- Area: 60 Square Feet
- Dimensions: 6 X 10
Living room
- Level: Main
- Area: 360 Square Feet
- Dimensions: 20 X 18
Mud room
- Level: Main
- Area: 400 Square Feet
- Dimensions: 16 X 25
Utility room
- Level: Lower
- Area: 1225 Square Feet
- Dimensions: 35 X 35
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Air-To-Air Exchanger, Chandelier, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Freezer, Humidifier, Gas Water Heater, Water Filtration System, Microwave, Other, Range, Refrigerator, Trash Compactor, Wall Oven, Washer, Water Softener Rented
- Laundry: Main Level
Features
- Basement: Finished,Walk-Out Access
- Number of fireplaces: 4
- Fireplace features: Amusement Room, Family Room, Gas, Living Room, Primary Bedroom, Wood Burning
Interior area
- Total structure area: 6,141
- Total interior livable area: 6,141 sqft
- Finished area above ground: 4,430
- Finished area below ground: 1,034
Property
Parking
- Total spaces: 3
- Parking features: Attached, Heated Garage
- Attached garage spaces: 3
- Details: Garage Door Height (8), Garage Door Width (9)
Accessibility
- Accessibility features: Other
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio, Terrace
- Has private pool: Yes
- Pool features: In Ground, Heated, Outdoor Pool
- Fencing: Invisible
Lot
- Size: 1.98 Acres
- Dimensions: 86,441
- Features: Irregular Lot, Tree Coverage - Medium
Details
- Foundation area: 1711
- Parcel number: 1911722310011
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Frame
- Roof: Age 8 Years or Less,Asphalt,Other
Condition
- New construction: No
- Year built: 1966
Utilities & green energy
- Electric: Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: Well
Community & HOA
Community
- Subdivision: Heathcote Woods
HOA
- Has HOA: No
Location
- Region: Deephaven
Financial & listing details
- Price per square foot: $341/sqft
- Tax assessed value: $2,131,200
- Annual tax amount: $27,625
- Date on market: 4/17/2026
Estimated market value
$2,022,500
$1.92M - $2.12M
$7,851/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/17/2026 | Listed for sale | $2,095,000+74.6%$341/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7041969 Report a problem | ||
| 10/22/2009 | Sold | $1,200,000$195/sqft |
Source: Public Record Report a problem | ||
| 7/31/2009 | Sold | $1,200,000-7.3%$195/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1577624 Report a problem | ||
| 5/25/2009 | Listed for sale | $1,295,000+245.3%$211/sqft |
Source: NRT Minneapolis #3689698 Report a problem | ||
| 6/16/1997 | Sold | $375,000$61/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $25,232 +5.4% | $2,131,200 +7% |
| 2024 | $23,938 +14.4% | $1,991,900 +0.3% |
| 2023 | $20,933 +11.3% | $1,985,500 +14.1% |
| 2022 | $18,805 +0.4% | $1,740,000 +22.5% |
| 2021 | $18,728 -4% | $1,420,000 +0.4% |
| 2020 | $19,502 +4.1% | $1,415,000 |
| 2019 | $18,728 -4% | $1,415,000 +4.8% |
| 2018 | $19,502 +18.9% | $1,350,000 +12.2% |
| 2017 | $16,400 -0.9% | $1,203,000 +4.8% |
| 2016 | $16,542 +3.3% | $1,148,000 +5.4% |
| 2015 | $16,009 +4.6% | $1,089,000 +9.3% |
| 2014 | $15,307 +8.2% | $996,000 -0.2% |
| 2013 | $14,147 +5.1% | $998,000 |
| 2012 | $13,467 +4.4% | $998,000 |
| 2011 | $12,901 +21.9% | $998,000 +9.7% |
| 2010 | $10,581 +1.9% | $910,000 -2% |
| 2009 | $10,381 +39% | $929,000 +40.9% |
| 2006 | $7,471 +20.8% | $659,500 +24.4% |
| 2005 | $6,186 +2.6% | $530,000 +7.7% |
| 2004 | $6,031 +3.5% | $492,200 +12% |
| 2002 | $5,826 -43.4% | $439,500 |
| 2001 | $10,297 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
$12,847/mo
Principal & interest
$10804
Property taxes
$2043
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Climate risks
Neighborhood: 55391
Nearby schools
GreatSchools rating
- 8/10Deephaven Elementary SchoolGrades: K-5Distance: 0.4 mi
- 8/10Minnetonka East Middle SchoolGrades: 6-8Distance: 1.1 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 1.3 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Minnesota
- Hennepin County
- Deephaven
- 55391
- 4236 Heathcote Rd
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