$2,500,000
SOLD DEC 31, 2025

4286 Circle Rd Excelsior, MN 55331

3 Beds
2.5 Baths
3,051 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$819 Per Sq Ft

4% Below List Price

40 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Beach Access
  • Heated Floors
  • Minnewashta Elementary School Rated A
  • Lake View
  • Viking Appliances

About This Home

As of December 2025

Welcome to 4286 Circle Road in Tonka Bay with Minnetonka Schools. This builder’s home has been remodeled to perfection and was designed to take in the incredible panoramic East Upper Lake sunset views. Situated on a premium perfectly flat lot with 50 feet of sandy bottom lakeshore, you’ll never want to leave! You’re just steps away from A quality water to enjoy boating and all the recreational lifestyle that Lake Minnetonka can offer. You’ll marvel at all the artisan details throughout, including the white oak hardwood floors, white enameled trim, crown molding, custom cabinets and built-ins and knotty alder doors. This home is anchored by the luxury chef’s kitchen with stainless Viking appliances with exhaust hood, gigantic knotty alder center island with granite countertops and farmhouse sink, tiled backsplash and inset, informal dining room, living room with large patio doors and power blinds, hearth room with gas fireplace with stone-faced surround and bookcases, office with custom knotty alder desk and storage, mudroom with tiled floors and classy powder room. Entertain on the large patio area with built-in RecTec pellet smoker, Blaze natural gas grill and 495,000 BTU firepit. Upper-level features 3 bedrooms including an amazing primary suite with breathtaking lake views, spa-like bath with heated tiled floors, walk in shower and soaker tub, and walk-in closets with granite island and washer/dryer. The upper-level family room with knotty alder kitchenette, can serve as a 4th bedroom or guest suite. A 3⁄4 bathroom with tiled shower and floors and additional laundry round out the upper level. Finished heated 2.5 car garage. Convenient to shopping, dining and entertainment to both downtown Excelsior and Wayzata. See 3D virtual tour and video for your own private showing today!

Last Agent to Sell the Property

Michael Bartus

Lakes Sotheby's International Listed on: 10/30/2025

Lakes Sotheby's International

Last Buyer's Agent

Gregory Winegarden

Coldwell Banker Realty

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,801

Year Built

  • Built in 1995

Lot Details

  • Lot Dimensions are 55x191x50x196
  • 50 Feet of Waterfront
  • Lake Front

Parking

  • 2.5 Car Attached Garage
  • Heated Garage
  • Insulated Garage
  • Garage Door Opener

Home Design

  • Pitched Roof
  • Architectural Shingle Roof

Interior Spaces

  • 3,051 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Stone Fireplace
  • Gas Fireplace
  • Mud Room
  • Living Room with Fireplace
  • Dining Room
  • Open Floorplan
  • Utility Room Floor Drain
  • Heated Floors
  • Lake Views

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Viking Appliances
  • Stainless Steel Appliances
  • ENERGY STAR Qualified Appliances
  • Farmhouse Sink
  • Disposal
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Unfinished Basement

  • Sump Pump
  • Drain
  • Block Basement Construction
  • Crawl Space
  • Basement Storage

Outdoor Features

  • Beach Access
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Vented Exhaust Fan
  • 200+ Amp Service
  • The lake is a source of water for the property
  • Gas Water Heater
  • Water Softener is Owned

Community Details

  • No Home Owners Association
  • Interlachen Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2111723420021

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,801

Year Built

Built in 1995

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2.5
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected, Lake Water
  • Year Built: 1995
  • Above Grade Finished Sq Ft: 3051
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Crawl Space, Drain Tiled, Storage Space, Sump Basket, Sump Pump, Unfinished
  • Appliances: Dishwasher, Disposal, Dryer, ENERGY STAR Qualified Appliances, Exhaust Fan, Humidifier, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned, Wine Cooler
  • Fireplace Features: Gas, Living Room, Stone
  • Living Area: 3051
  • Fireplace: Yes
  • Basement YN: Yes

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Age 8 Years or Less, Architectural Shingle, Asphalt, Pitched
  • PoolFeatures: None
  • Fencing: None
  • View: Bay, Lake, Panoramic, West
  • PatioPorchType: Patio
  • Lake Bottom: Sand
  • Waterfront Frontage: 50

Garage/Parking

  • Parking Features: Attached Garage, Asphalt, Floor Drain, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage

Utilities

  • Heating: Forced Air, In-Floor Heating
  • Sewer: City Sewer/Connected
  • LaundryFeatures: Gas Dryer Hookup, Laundry Closet, Upper Level, Washer Hookup
  • Electric: Circuit Breakers, 200+ Amp Service
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s), Dock, Ethernet Wired, French Doors, Hardwood Floors, Kitchen Center Island, Kitchen Window, Primary Bedroom Walk-In Closet, Natural Woodwork, Patio, Security Lights, Boat Slip, In-Ground Sprinkler, Tile Floors, Vaulted Ceiling(s), Washer/Dryer Hookup, Wet Bar, Walk-In Closet

Schools

  • Junior High Dist: Minnetonka
  • SchoolDistrictPhone: 9524015000

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 55X191X50X196
  • Land Lease: No
  • Lot Features: Accessible Shoreline
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 2111723420021
  • Tax Annual Amount: 21801
  • TaxWithAssessments: 21801

Multi Family

  • WaterfrontFeatures: Lake Front, Lake View

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 5, 2021
Sold by
French Dennis M and French Joanne T
Bought by
Schaehrer Kristen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$815,200
Outstanding Balance
$725,901
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$1,827,338
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,019,000 Carver Cnty Abstract & Ttl C
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $815,200 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2025 12/31/25 Sold $2,500,000 -3.8% $819 / Sq Ft
12/09/2025 12/09/25 Pending -- -- --
10/30/2025 10/30/25 For Sale $2,600,000 -- $852 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $21,801 $1,766,400 $1,181,700 $584,700
2023 $16,767 $1,449,300 $909,000 $540,300
2022 $13,190 $1,299,000 $809,000 $490,000
2021 $10,816 $1,042,000 $763,000 $279,000
2020 $10,749 $859,000 $584,000 $275,000
2019 $10,765 $816,000 $551,000 $265,000
2018 $10,780 $807,000 $551,000 $256,000
2017 $10,344 $772,000 $550,000 $222,000
2016 $10,369 $762,000 $550,000 $212,000
2015 $9,617 $712,000 $500,000 $212,000
2014 -- $649,000 $450,000 $199,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6810518

NorthstarMLS

APN: 21-117-23-42-0021