Sold / Closed
$860,000

Sold price · Closed Jul 14, 2026

531 Indian Hill Road, Chanhassen, MN, 55317

4  Bedrooms2  Bathrooms2,492  Square Feet0.46  Acres
Days on market21
Year built1978
Garage spaces2
Potential $23,970buyer credit when you buy with SODL

About this home

Opportunity to own a Lotus Lakeshore retreat on Lotus Lake (250 acres) with a private dock. This custom-built home sits on a half-acre, fenced, wooded lot on a quiet dead-end street, in the award-winning Minnetonka School District, and is within strolling distance of downtown Excelsior, Chanhassen, and Lake Minnetonka. Lotus Lake is known for its family-friendly setting—perfect for water skiing, pontoons, kayaks, stand-up paddleboards, or sailing, and ideal for creating lasting memories. The residence offers elevated southwest lake views through walls of glass and an open, airy feel throughout. A huge deck extends to outdoor living spaces, while a walk-out lower level provides easy entertaining access to a lower patio and hot tub. The four-season porch with a grill deck invites tranquil enjoyment of the scenery year-round. Thoughtfully designed by the current owners, this home blends indoor-outdoor living with timeless craftsmanship. A private dock completes the lakeside lifestyle.

Contact us

Home facts

Property typeResidential
Property subtypeSingle Family
Year built1978
LevelsOne
Living area2,492 sqft
Above-grade finished1,292 sqft
Below-grade finished1,200 sqft
Lot size0.46 acres (100x188x100x188)
Days on market21
ListedMay 6, 2026
MLS #NST7064194
CountyCarver
SubdivisionPleasant View
Parcel #256300060

Facts & features

Interior

Bedrooms
4
Bathrooms
2
Bath breakdown
2 full
Heating
Forced Air, Fireplace(s)
Cooling
Central Air
Appliances
Dishwasher

Property

Levels / stories
One
Garage
2 spaces · 528 sqft
Parking features
Attached Garage, Asphalt, Garage Door Opener
Patio & porch
Deck, Patio
Exterior features
Wood
View
West

Construction

Property type
Residential
Property subtype
Single Family
Construction materials
Frame
Foundation
Block · 1,200 sqft
Roof
Age 8 Years or Less
Year built
1978

Utilities

Water
City Water/Connected
Sewer
City Sewer/Connected
Fuel
Natural Gas
Electric
150 Amp Service

Community & HOA

Subdivision
Pleasant View
HOA
No HOA
School district
276 - Minnetonka
High school district
Minnetonka

Financial & listing details

Annual tax
$5,458 (2025)
Listed
May 6, 2026
Days on market
21
Manufactured home
Yes

Interior details

Total bathrooms2
Full baths2
3/4 baths0
Half baths0
1/4 baths0
BasementBlock, Egress Window(s), Finished, Full
HeatingForced Air, Fireplace(s)
CoolingCentral Air
Fireplaces2
LaundryIn Basement
AppliancesDishwasher
DiningInformal Dining Room
AmenitiesDeck, Dock, Hot Tub, Boat Slip
AccessibilityNone

Exterior & lot

ExteriorWood
RoofAge 8 Years or Less
FoundationBlock
Foundation area1,200 sqft
Patio/porchDeck, Patio
Lot featuresAccessible Shoreline, Tree Coverage - Medium
Road frontageCity Street
Road responsibilityPublic Maintained Road
ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected
SewerCity Sewer/Connected
FuelNatural Gas

Parking & garage

ParkingAttached Garage, Asphalt, Garage Door Opener
Garage spaces2
Garage size528 sqft

Financial details

Annual taxes$5,458
Tax year2025
Taxes w/ assessments5458
Assessment pendingNo
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District276 - Minnetonka
District number276
District phone9524015000
High schoolMinnetonka
SODL flat fee brokerage
$23,970Estimated buyer credit
SODL platform fee $3,000Your buyer credit $23,970

How SODL buyer credits work

When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.

  • Tour homes with SODL’s flexible showing network
  • Submit offers and manage your transaction through the platform
  • Keep more money at closing through transparent flat-fee pricing

A clear, modern way to buy with expert guidance and meaningful savings.

Estimated monthly payment

$5,479/mo
Principal & interest$4,725
Property taxes$455
Home insurance (est.)$300
%
$179,800
0%50%
Credit score
Loan term

These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.

Location

531 Indian Hill Road, Chanhassen, MN, 55317

Comparable homes

Listing information

MLS #NST7064194
Last reported MLS statusClosed
MLS record updatedJul 14, 2026, 4:11 PM
Originally listedMay 14, 2026, 12:00 AM
Listing officeEngel & Volkers Lake Minnetonka
Co-listing officeEngel & Volkers Lake Minnetonka

Status reflects the latest MLS record available to SODL, not independently confirmed current availability. Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.