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  • $600,000

    5338 Highland Rd, Minnetonka, MN 55345

    3beds
    2,538sqft
    Single Family
    Built in 1939
    2.15 Acres Lot
    $614,200 Zestimate®
    $236/sqft
    $3,970 Estimated rent

    Home value

    $614,200

    $583,000 - $645,000

    $3,970/mo

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    What's special

    Rarely does a property of this caliber become available: a pristine 2.15 acre south-facing estate site, offered for the first time in over five decades. Tucked within a canopy of mature hardwoods and lush, wildlife-filled gardens, this elevated parcel delivers sweeping, unobstructed views and an atmosphere of profound peace—enhanced by its proximity to the serene, private waters of 15-acre Wing Lake. The current residence is likely a teardown, clearing the way for your bespoke vision: craft a modern retreat, timeless estate, or family compound tailored precisely to your desires. Complementing the site are two valuable outbuildings—a 24x22 two-car garage and a delightful 25x16 barn with upper-level studio potential—ready to serve as workshop, guest quarters, or creative haven. A long, winding private driveway ensures seclusion while the location offers perfect balance: minutes from Minnetonka's premier shopping, dining, top-rated schools, and recreational amenities, yet only 20 minutes from downtown Minneapolis and MSP International Airport. In a market where exceptional land is increasingly scarce, this parcel stands out as the true asset—proving that value resides in the land itself. Open to all builders and dreamers alike. Schedule your private viewing today—opportunities this extraordinary are fleeting.

    Zillow last checked: 7 hours ago

    Listing updated: April 06, 2026 at 01:36pm

    Listed by:

    Hans C Zinn 612-964-8111,

    Coldwell Banker Realty,

    Max C Zinn 612-281-7060

    Bought with:

    Charles Koontz

    Edina Realty, Inc.

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7021365MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Heating
    • Boiler
    Cooling
    • Central Air, Window Unit(s)
    Features
    • Basement: Daylight,Full,Partially Finished,Walk-Out Access
    • Number of fireplaces: 1
    Interior area
    • Total structure area: 2,538
    • Total interior livable area: 2,538 sqft
    • Finished area above ground: 1,892
    • Finished area below ground: 162

    Property

    Parking
    • Total spaces: 3
    • Parking features: Detached Garage, Asphalt, Multiple Garages
    • Garage spaces: 3
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Fencing: Chain Link,Partial,Privacy,Wood
    • Has view: Yes
    • View description: Lake, South
    • Has water view: Yes
    • Water view: Lake
    • Waterfront features: Lake View
    Lot
    • Size: 2.15 Acres
    • Features: Irregular Lot, Tree Coverage - Heavy
    Details
    • Additional structures: Garage(s), Other
    • Foundation area: 946
    • Parcel number: 2811722340026
    • Zoning description: Residential-Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family
    Materials
    • Roof: Age Over 8 Years
    Condition
    • New construction: No
    • Year built: 1939

    Utilities & green energy

    • Electric: Power Company: Xcel Energy
    • Gas: Electric, Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & neighborhood

    Location
    • Region: Minnetonka
    • Subdivision: Wing Lake Terrace 4th

    HOA & financial

    HOA
    • Has HOA: No

    Other

    Other facts
    • Road surface type: Paved

    Price history

    DateEventPrice
    4/3/2026Sold$600,000-3.1%$236/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7021365 Report a problem
    3/6/2026Pending sale$619,000$244/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7021365 Report a problem
    3/1/2026Listing removed$619,000$244/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7021365 Report a problem
    2/18/2026Listed for sale$619,000-4.6%$244/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7021371 Report a problem
    12/30/2025Listing removed$649,000$256/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6800553 Report a problem
    11/3/2025Price change$649,000-7.2%$256/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6780836 Report a problem
    9/5/2025Price change$699,000-83.4%$275/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6780836 Report a problem
    9/5/2025Listed for sale$4,200,000+484.1%$1,655/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6780829 Report a problem
    8/29/2025Listing removed$719,000$283/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6675447 Report a problem
    5/29/2025Price change$719,000-10.1%$283/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6675447 Report a problem
    4/2/2025Listed for sale$800,000$315/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6675447 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,289 +3.4%$362,700 +0.1%
    2024$4,147 +2.9%$362,200 +1.8%
    2023$4,029 +9.7%$355,800 +1.6%
    2022$3,674 -22.4%$350,100 +16%
    2021$4,738 -5%$301,800 -21.5%
    2020$4,989 +5.3%$384,500 +0.2%
    2019$4,738 -5%$383,700 +3.1%
    2018$4,989 +3.9%$372,000 -1%
    2017$4,804 -5.6%$375,900 -0.2%
    2016$5,088 -3.1%$376,700 +7.8%
    2015$5,252 +6%$349,400 +9.5%
    2014$4,954 +2.2%$319,000 -5.9%
    2013$4,847 +2.6%$338,900 -0.3%
    2012$4,725 +2.2%$339,800 -3.6%
    2011$4,622 +3%$352,400 -5.5%
    2010$4,489 -0.4%$372,900 -6.5%
    2009$4,509 +2.7%$399,000 +5.8%
    2006$4,388 +7.2%$377,100 +7.3%
    2005$4,093 +8.6%$351,500 +15%
    2004$3,769 +0.3%$305,700 +4.1%
    2002$3,756 -35.8%$293,800
    2001$5,849 --

    Find assessor info on the county website

    Neighborhood: 55345

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $614,200
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $614,200