Listed at
$649,000
$316/sqft

Wing Lake Terrace 4th

5338 Highland Rd, Minnetonka, MN, 55345
3  Bedrooms3  Bathrooms2,054  Square Feet2.15  Acres
Days on market354
Year built1939
Garage spaces3
TypeResidential
Est. $16,470buyer credit when you buy with SODL
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About this home

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. See Supplements for survey, aerial drone video, and additional information. Open to all builders.

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Home facts

Property typeResidential
Property subtypeSingle Family Residence
Year built1939
LevelsTwo
Living area2,054 sqft
Above-grade finished1,892 sqft
Below-grade finished162 sqft
Lot size2.15 acres (irregular)
Days on market354
ListedOct 7, 2025
MLS #NST6800553
CountyHennepin
SubdivisionWing Lake Terrace 4th
Parcel #TBD

Facts & features

Interior

Bedrooms
3
Bathrooms
3
Bath breakdown
2 full / 1 half
Heating
Boiler
Cooling
Central Air, Window Unit(s)
Basement
Daylight/Lookout Windows, Full, Partially Finished, Walkout · 162 sqft finished

Property

Levels / stories
Two
Garage
3 spaces · 944 sqft
Parking features
Detached, Asphalt, Multiple Garages
Fencing
Chain Link, Partial, Privacy, Wood
Other structures
Additional Garage, Other
View
Lake, South

Construction

Property type
Residential
Property subtype
Single Family Residence
Construction materials
Brick/Stone, Cedar, Wood Siding
Foundation
946 sqft
Roof
Age Over 8 Years
Year built
1939

Utilities

Water
City Water/Connected
Sewer
City Sewer/Connected

Community & HOA

Subdivision
Wing Lake Terrace 4th
HOA
No HOA
School district
Hopkins

Financial & listing details

Annual tax
$4,289 (2025)
Tax with assessments
4289.0000
Listed
Oct 7, 2025
Days on market
354 · 57 cumulative

Interior details

Total bathrooms3
Full baths2
3/4 baths0
Half baths1
1/4 baths0
BasementDaylight/Lookout Windows, Full, Partially Finished, Walkout
HeatingBoiler
CoolingCentral Air, Window Unit(s)
Fireplaces1
AccessibilityNone

Exterior & lot

RoofAge Over 8 Years
Foundation area946 sqft
Lot featuresIrregular Lot, Many Trees
Road frontageCity Street, Paved Streets
Road responsibilityPublic Maintained Road
ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected
SewerCity Sewer/Connected

Parking & garage

ParkingDetached, Asphalt, Multiple Garages
Garage spaces3
Garage size944 sqft

Financial details

Annual taxes$4,289
Tax year2025
Taxes w/ assessments4289.0000
Assessment pendingNo
Down payment resourceY
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District number270
District phone952-988-4000
High schoolHopkins
SODL flat fee brokerage
$16,470Estimated buyer credit
SODL platform fee $3,000Your buyer credit $16,470

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

$3,985/mo
Principal & interest$3,411
Property taxes$357
Home insurance (est.)$216
%
$129,800
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

5338 Highland Rd, Minnetonka, MN, 55345

Listing information

MLS #NST6800553
StatusActive
Last updatedDec 3, 2025, 8:42 PM
Originally listedOct 9, 2025, 5:47 PM
Listing officeColdwell Banker Realty

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.