16509 Lake Street Extension
Minnetonka, MN, 55345 $ 499,900
Bedrooms3 Baths3.1 Sq 3,535 Monthly Estimate*
$ 3,453
for $499,900 with 3 bedrooms and 3 full baths, 1 half bath. This 3,535 square foot home was built in 1984 on a lot size of 0.42.
Rare opportunity to own a truly one-of-a-kind custom-built home in a highly desirable Minnetonka location! Nestled on a beautifully wooded lot surrounded by mature trees, this unique property offers privacy, character, and over 3,500 square feet of finished living space. The main residence features 2 bedrooms, 3 bathrooms, a finished lower level, and a cozy wood-burning fireplace. What truly sets this property apart is the separate carriage house, complete with its own bedroom, bathroom, kitchen, and garage space, offering incredible flexibility for guests, extended family, or a private retreat. With 4 total garage spaces, there's plenty of room for vehicles, storage, and hobbies. Enjoy the peaceful, wooded setting while being just minutes from Lake Minnetonka, parks, trails, shopping, dining, and convenient highway access. Located within the highly regarded Minnetonka School District, this property combines a fantastic location with exceptional potential. Ready for a new owner's vision and personal touches, this home presents an exciting opportunity to update, customize, and make it your own. A truly unique property with endless possibilities!
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FeaturesGeneralLiving Area 3535
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Age Over 8 Years
HOA Fee 0
Garage Spaces 4
Pool Features None
Construction Materials Block Frame
Year Built 1984
Electric Circuit Breakers
Levels Three Level Split
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Hennepin
New Construction N
Property Type Residential
HOA N
Contingency None
Subdivision Name Shaker Heights
Other Structures Gazebo
Full Baths 1
Directions From Hwy 7 r Minnetonka Blvd take Tonkawood Rd to Lake Street Extension; Go west to the property
City Minnetonka
High School District Minnetonka
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 6029
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
Amenities Unit Porch Tile Floors
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InteriorBasement Finished
Total Fireplaces 1
Fireplace Features Wood Burning
Basement (Y/N) Y
Fireplace Y/N Y
Above Grade Finished Area 2674
Half Baths 1
1/4 Baths 0
3/4 Baths 2
Total Bedrooms 3
Below Grade Finished Area 861
Total Baths 4
Fuel Electric Natural Gas
Garage Dimensions 24x20
Garage Square Feet 480
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ExteriorFencing None
Parking Features Attached Garage Detached Garage Asphalt
Lot Features Irregular Lot
Water Source City Water/Connected
Lot Size Area 0.42
Building Area Total 4606
Lot Dimensions 110x50
Waterfront Y/N N
Foundation Area 987
Road Frontage Type City Street
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* Excluded FeaturesList ByNational Realty GuildBroker
henryttobler@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,453
- Monthly Property Taxes
- $502
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Minnetonka, MN
Average List Price $754,535
Percent of Sale Price 51%
About Minnetonka, MN 54,440 Population
6% Since 2002
$ 86,771 Median Income
46.02 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
708531 Elementary School
708355 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/14/2026 | $499,900 | | Listed Price |