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Powers Ridge Condominiums

Powers Ridge Condominiums

Powers Ridge Condominiums
Condominium Building
The Costar Building Rating

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

1341 Lake Dr W
Chanhassen, MN 55317
86 Units
3 Stories
2003 Year Built
$170K - $243K Value Range

Available Units

For Sale
No Units Available
For Rent
No Units Available

Highlights

  • Fitness Center
  • Chanhassen Elementary School Rated A
  • Community Pool
  • Clubhouse
  • Guest Suites
  • Elevator

Contemporary Living in Chanhassen

Powers Ridge Condominiums, a three-story building completed in 2003, offers a modern living experience in the heart of Chanhassen. With 86 units, this community provides a comfortable and convenient lifestyle for its residents. The building's design is simple yet contemporary, featuring a mix of brick and siding, with some units boasting small balconies. Located in a vibrant neighborhood, Powers Ridge combines accessibility with a suburban charm.

Diverse Layouts with Modern Comforts

Powers Ridge offers a variety of floor plans, ranging from 1 to 3-bedroom units. The one-bedroom units, spanning 771 to 1,156 square feet, are priced around $190,000. These units feature open layouts with large windows, allowing natural light to fill the space. The two-bedroom units, between 1,017 and 1,271 square feet, offer 1 to 2 bathrooms and are priced from $195,000 to $245,000. They include features like vaulted ceilings, fireplaces, and spacious kitchens with large islands. The three-bedroom units, the largest at 1,284 to 1,465 square feet, provide ample living space and modern amenities. Many units have been updated with granite countertops, stainless steel appliances, and luxury vinyl flooring. Residents enjoy views of the surrounding greenery and ponds, adding to the serene atmosphere. Monthly HOA fees range from $500 to $900, covering maintenance, parking, and shared amenities.

Comprehensive Amenities for Relaxation and Activity

Powers Ridge Condominiums offers a wide range of amenities designed to enhance the living experience. Unique features include a splash pad, perfect for families and children. The building also boasts an indoor pool, hot tub, and wading pool, providing year-round aquatic enjoyment. Fitness enthusiasts can take advantage of the on-site gym, while the heated garage and car wash area add convenience for vehicle owners. Social gatherings are made easy with multiple party rooms and a clubhouse equipped with grills. For business needs, residents have access to a conference room, business center, and various storage options. The property manager on site ensures smooth operations and maintenance.

Vibrant Community with Rich Cultural Offerings

Located in Chanhassen, Powers Ridge is surrounded by a lively community known for its musical heritage and outdoor activities. The iconic Paisley Park, once home to Prince, is a local landmark offering tours and music history. Residents enjoy proximity to Lake Ann and Lake Susan, perfect for outdoor recreation like hiking, fishing, and sunbathing. The Chanhassen Dinner Theater provides entertainment with classic American fare and cabaret shows. For shopping, Target and Lunds & Byerlys are nearby, while dining options include Kai’s Sushi and Tequila Butcher. The MN Landscape Arboretum offers a beautiful escape into nature, just a short drive away.

Accessible Routes and Convenient Transit Options

Powers Ridge is well-connected with transportation options that cater to suburban living. The building is car-dependent, but major roads like Highway 5 and Route 212 provide easy access to surrounding areas. The Southwest Vill P&R & Great Plains Blvd bus stop is about a 5-minute drive, offering public transit options within the Twin Cities. For air travel, Minneapolis-St Paul International Airport is approximately 30 minutes away by car. The area is bikeable, with trails and paths for cycling enthusiasts, making it easy to explore the scenic surroundings.

Building Details

Recreation

  • Fitness Center
  • Community Pool
  • Heated In Ground Pool
  • Community Indoor Pool
  • Indoor Pool
  • Community Spa

Amenities

  • Views
  • Clubhouse
  • Guest Suites
  • Laundry Facilities
  • Resident Manager or Management On Site

Parking

  • 1 Car Garage
  • Parking Garage
  • 1 Garage Space Per Unit

Condo Association

  • $660 Monthly HOA Fees
  • Monthly HOA Fees Range from $532 - $895
  • Association fees include lawn care, ground maintenance, parking, professional mgmt, recreation facility, trash, security, sewer, shared amenities, snow removal
  • First Service Residential Association, Phone Number (952) 361-9400
  • Powers Ridge Condo Homes Subdivision

Building Design

  • Fire Sprinkler System
  • Low-Rise Condominium
  • Elevator

Unit Features

  • Balcony

Unit Information

Date
04/15/2025
10/25/2024
06/07/2024
01/06/2025
Beds
2 Beds
2 Beds
2 Beds
2 Beds
Baths
1 Bath
2 Baths
2 Baths
1 Bath
Sq Ft
1,071
1,271
1,117
1,017
Price
$178,000
$223,000
$215,000
$170,000
Price / Sq Ft
$166 / Sq Ft
$175 / Sq Ft
$192 / Sq Ft
$167 / Sq Ft

Unit Size and Value Ranges

1 Bedroom Units
Sq Ft Range
771 - 1,156
Est. Values
$169,751 - $215,633
2 Bedroom Units
Sq Ft Range
1,017 - 1,271
Est. Values
$180,215 - $233,134
3 Bedroom Units
Sq Ft Range
1,284 - 1,465
Est. Values
$229,549 - $242,937
All Units
Sq Ft Range
771 - 1,465
Est. Values
$169,751 - $242,937

Map

Area Factors

Low Crime

Crime Score®

3 / 10

Bikeable

Bike Score®

55 / 100

Car-Dependent

Walk Score®

20 / 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®

80 / 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
$185K - $248K
Range of Taxes in Building
$35 - $2,560
Range of Taxes per Sq Ft
$0.03 - $2.22

Property Tax History

Source: Public Records

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Building Website

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