5338 Highland Rd Minnetonka, MN 55345
Woodland-Highland NeighborhoodEstimated payment $3,767/month
Highlights
- Lake View
- No HOA
- Many Trees
- Hopkins Senior High School Rated A-
- Property is Fully Fenced
About This Lot
Discover a rare gem – a sprawling 2+ acre estate offering unparalleled privacy and tranquility, now available for the first time in over 50 years. Nestled amidst mature trees and vibrant gardens teeming with wildlife, this south-facing building site boasts breathtaking elevated views, with nearby 15-acre Wing Lake and a serene ambiance. The existing home is a teardown, presenting a blank slate for your vision, complemented by two outbuildings: a 24x22 two-car garage and a charming 25x16 barn featuring a second-floor studio. A long, private driveway ensures seclusion, while the convenient location places you just moments from premier shopping and dining, and within 20 minutes of both downtown and the international airport. As the saying goes, it’s always the land and never the bricks and mortar that determine its value – and this extraordinary parcel proves it. This is a once-in-a-lifetime opportunity to create your dream retreat on a truly exceptional canvas. Open to all builders.
Property Details
Property Type
- Land
Est. Annual Taxes
- $4,289
Lot Details
- Lot Dimensions are 75x373x110x55x156x256x220x200
- Property is Fully Fenced
- Wood Fence
- Chain Link Fence
- Irregular Lot
- Many Trees
- Finished Lot(s)
Parking
- 3 Car Garage
Additional Features
- Lake Views
- Underground Utilities
Community Details
- No Home Owners Association
- Wing Lake Terrace 4Th Subdivision
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,289 | $362,200 | $259,600 | $102,600 |
| 2023 | $4,147 | $355,800 | $259,600 | $96,200 |
| 2022 | $3,674 | $350,100 | $259,600 | $90,500 |
| 2021 | $4,738 | $301,800 | $236,000 | $65,800 |
| 2020 | $4,989 | $384,500 | $236,000 | $148,500 |
| 2019 | $4,781 | $383,700 | $236,000 | $147,700 |
| 2018 | $4,804 | $372,000 | $236,000 | $136,000 |
| 2017 | $5,088 | $375,900 | $220,000 | $155,900 |
| 2016 | $5,252 | $376,700 | $210,700 | $166,000 |
| 2015 | $4,954 | $349,400 | $196,000 | $153,400 |
| 2014 | -- | $319,000 | $196,000 | $123,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/03/2025 11/03/25 | Price Changed | $649,000 | -7.2% | -- |
| 09/05/2025 09/05/25 | For Sale | $699,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $500 | -- |
Source: NorthstarMLS
MLS Number: 6780836
APN: 28-117-22-34-0026
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