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5501 Dewey Hill Rd

5501 Dewey Hill Rd

5501 Dewey Hill Rd
Condominium Building
Minneapolis, MN 55439-1906
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

58 Units
3 Stories
1980 Year Built
$294K - $453K Value Range

Available Units

For Sale
No Units Available
For Rent
No Units Available

Highlights

  • Community Pool
  • Creek Valley Elementary School Rated A
  • Community Garden
  • Elevator

Established condominium living in Edina's Dewey Hill neighborhood

5501 Dewey Hill Road, completed in 1980, is a 3-story condominium building nestled in the heart of Edina's Dewey Hill neighborhood. This established complex houses 58 units, offering residents a blend of comfort and convenience in a prime suburban location. The brick facade and straightforward design reflect the architectural style of its era, providing a sense of timeless appeal to this residential community.

Spacious layouts with versatile living options

The condominium offers a range of living spaces to suit various needs, from cozy one-bedroom units to expansive three-bedroom homes. One-bedroom layouts span approximately 1,400 square feet and feature one to two bathrooms, providing ample space for singles or couples. Two-bedroom units, the most prevalent in the building, range from 1,435 to 1,838 square feet with one to two bathrooms. These homes are currently priced between $319,000 and $375,000, offering excellent value for the space provided. For those requiring more room, three-bedroom units measure around 1,800 square feet with one bathroom and are priced at approximately $430,000. Many units boast vaulted ceilings, creating an open and airy atmosphere, particularly in top-floor residences. Large windows and sliding glass doors leading to private balconies or enclosed screened porches allow natural light to flood the living spaces, offering serene views of the mature trees surrounding the property. Interiors vary, with some units featuring recent updates such as quartz countertops, stainless steel appliances, and fresh paint. Many homes include fireplaces, adding warmth and character to the living areas. Primary bedrooms often come with en-suite bathrooms and walk-in closets, while second bedrooms can double as home offices or dens, some complete with built-in bookcases for added functionality. Monthly HOA fees range from $800 to $1,200, covering a comprehensive list of services and amenities. These include air conditioning, building maintenance, cable TV, controlled access, hazard insurance, heating, lawn care, ground maintenance, parking, professional management, recreation facilities, trash removal, shared amenities, snow removal, and water. This all-inclusive fee structure allows residents to enjoy a worry-free lifestyle in their Dewey Hill home.

Resort-inspired amenities for year-round enjoyment

5501 Dewey Hill Road offers an impressive array of amenities that cater to diverse interests and lifestyles. The centerpiece is the indoor pool and spa, providing residents with the opportunity to swim and relax regardless of the season. Adjacent to the pool area, a sauna offers a perfect spot for post-workout relaxation or unwinding after a long day. Fitness enthusiasts will appreciate the well-equipped exercise room, allowing for convenient workouts without leaving the building. For those who enjoy pursuing hobbies or creative endeavors, the condominium features unique spaces such as a woodworking room and an artist's area, fostering a sense of community among residents with shared interests. Outdoor recreation is also a priority at 5501 Dewey Hill Road. The property boasts tennis courts for active residents, while beautifully landscaped grounds include walking paths, shared gardens, and picnic areas. These outdoor spaces provide opportunities for leisurely strolls, gardening, or simply enjoying nature within the confines of the community. Social gatherings are made easy with the inclusion of a community room and party room, complete with an outdoor entertaining patio. These spaces are perfect for hosting events or mingling with neighbors. For those who enjoy grilling, the patio areas offer an ideal setting for outdoor cooking and dining. Practical amenities are not overlooked. The building provides heated underground parking, ensuring that residents' vehicles are protected from Minnesota's harsh winters. Additionally, a guest suite is available for visiting friends and family, adding convenience for residents hosting out-of-town guests. The combination of these thoughtful amenities creates a living environment that balances active lifestyles with relaxation and social opportunities, all within the comfort of the Dewey Hill community.

Tranquil suburban living with easy access to urban conveniences

The Dewey Hill neighborhood offers a peaceful residential enclave within the highly desirable city of Edina. This area is characterized by its mix of housing types, from single-family homes to condominiums like 5501 Dewey Hill Road, creating a diverse and welcoming community. The neighborhood's tranquil atmosphere is enhanced by its proximity to natural spaces and recreational facilities. Lewis Park, just a short 10-minute walk from the condominium, serves as a local hub for outdoor activities. This 21-acre park features soccer fields, tennis courts, playgrounds, and an ice skating rink in winter, providing year-round recreational opportunities for residents of all ages. The park's walking trails and ponds offer a serene setting for nature enthusiasts and those seeking a peaceful retreat. For golf aficionados, the renowned Braemar Golf Course is located just west of Dewey Hill, offering championship-level play on recently remodeled courses with scenic views. This proximity to green spaces contributes to the neighborhood's appeal for those who value an active, outdoor-oriented lifestyle. While Dewey Hill itself is primarily residential, nearby commercial areas provide easy access to everyday necessities and dining options. The Edina Market and Deli, a neighborhood market about a half-mile away, offers convenient grocery shopping for quick essentials. For a more comprehensive shopping experience, residents can take a short drive to the retail hub along France Avenue, known for its upscale offerings. Dining options in the immediate vicinity include TJ's of Edina Restaurant, an unpretentious eatery serving a variety of all-day fare, from omelets to deep-dish pizza. It's an ideal spot for a casual meal or meeting with neighbors. For those craving Mexican cuisine, Taco Libre is about a mile away, offering inexpensive and flavorful options. The neighborhood's location provides access to larger shopping centers and malls. Eden Prairie Center, approximately a 3.5-mile drive away, houses dozens of chain retailers, boutiques, restaurants, and a multiplex cinema. For an even more extensive shopping experience, the iconic Mall of America is about a 7-mile drive from Dewey Hill. Educational opportunities are another strong point of the area. The condominium is served by the highly-rated Edina Public School District. Creek Valley Elementary School, Valley View Middle School, and Edina High School are all within a short 5-minute drive, each boasting excellent academic reputations and a wide range of extracurricular activities. The combination of peaceful suburban living, proximity to nature, and access to urban amenities makes Dewey Hill an attractive location for those seeking a balanced lifestyle in the Twin Cities metro area.

Convenient car-centric location with access to public transit options

Transportation in the Dewey Hill area primarily caters to car owners, reflecting its suburban nature. The condominium's location provides easy access to major roads and highways, facilitating quick commutes to various parts of the Twin Cities metro area. State Highway 100 is conveniently located to the east of the neighborhood, offering a direct route to both Minneapolis and the southern suburbs. For those who prefer public transportation, options are available, albeit limited. The nearest bus stop, Cahill Rd & #7500-7520, is a short 5-minute walk from the condominium. This stop provides access to local bus routes, connecting residents to other parts of Edina and neighboring communities. While the area is primarily designed for car travel, there are some opportunities for walking and biking within the neighborhood. The walking paths in Lewis Park and around the condominium grounds offer pleasant routes for leisurely strolls or light exercise. However, for most daily errands and commutes, a car is typically necessary. Cyclists will find some bike-friendly roads in the area, particularly for recreational riding. The nearby Nine Mile Creek Regional Trail, about a 5-minute drive from the condominium, offers an extensive paved trail system for both cyclists and pedestrians, connecting various parks and neighborhoods in the southern metro area. For air travel, the Minneapolis-St Paul International Airport is conveniently located about 15 minutes away by car, making it easy for residents to catch flights for business or leisure travel. The condominium's heated underground parking is a significant asset, especially during Minnesota's harsh winters. This amenity ensures that residents' vehicles are protected from the elements and start easily on cold mornings, adding an extra layer of convenience to car-centric living in this suburban setting. While public transit options are somewhat limited compared to more urban areas, the strategic location of 5501 Dewey Hill Road allows residents to enjoy the benefits of suburban living while maintaining relatively easy access to the broader Twin Cities metro area.

Building Details

Recreation

  • Community Pool
  • In Ground Pool
  • Community Indoor Pool
  • Indoor Pool

Outdoor Features

  • Community Garden

Parking

  • 1 Garage Space<<perUnit>>
  • 1 Car Garage
  • Assigned Parking

Condo Association

  • $1,159 Monthly HOA Fees
  • Association fees include air conditioning, maintenance structure, cable TV, controlled access, hazard insurance, heating, lawn care, ground maintenance, parking, professional mgmt, recreation facility, trash, shared amenities, snow removal, water
  • Multiventures Association, Phone Number (952) 920-9388

Building Design

  • Low-Rise Condominium
  • Elevator

Unit Features

  • Washer and Dryer Hookup

Activity

Views

30

Favorites

2

Unit Information

Unit
223
Date
10/15/2024
Beds
2 Beds
Baths
2 Baths
Sq Ft
1,838
Price
$358,000
Price / Sq Ft
$195 / Sq Ft

Unit Size and Value Ranges

1 Bedroom Units
Sq Ft Range
None Available
Est. Values
$294,396 - $378,329
2 Bedroom Units
Sq Ft Range
1,838
Est. Values
$299,323 - $453,028
3 Bedroom Units
Sq Ft Range
None Available
Est. Values
$366,302 - $403,990
All Units
Sq Ft Range
1,838
Est. Values
$294,396 - $453,028

Map

Area Factors

Low Crime

Crime Score®

3 / 10

Somewhat Bikeable

Bike Score®

39 / 100

Car-Dependent

Walk Score®

45 / 100

Some Transit

Transit Score®

39 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

75 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$290K - $460K
Range of Taxes in Building
$1,197 - $5,508
Range of Taxes per Sq Ft
$0.65 - $3.20

Property Tax History

Source: Public Records

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