Listed at
$489,900
$161/sqft

Lake Forest

5423 Butternut Circle, Minnetonka, MN, 55343
3  Bedrooms4  Bathrooms3,042  Square Feet0.07  Acres
Days on market55
Year built1990
Garage spaces2
HOA / month$560
TypeResidential
Est. $11,697buyer credit when you buy with SODL
Interested?

Pick a date to request a showing

Cancel anytime, free.

About this home

Thoughtfully updated and meticulously maintained, this exceptional 3 bedroom, 4 bathroom townhome offers an exceptional blend of space, privacy, and convenience in the heart of Minnetonka. Backing to mature trees and nature, the home lives like a private retreat, with bike trails, multiple commuting options, and walking paths leading to Shady Oak Lake, the beach, and park just a short walk from your front door. A dramatic two story foyer and grand staircase welcome you inside, opening to expansive living spaces filled with natural light. The spacious kitchen offers abundant cabinetry, generous counter space, and effortless flow into the dining area, incredible sunroom, and adjoining deck, making everyday living and entertaining a breeze. The inviting living room is anchored by oversized windows that bring the outdoors in and offers direct access to the deck. Upstairs, the expansive owner's suite feels like a luxury retreat, complete with a cozy fireplace, private balcony perched among the treetops, a spacious ensuite bath, and walk in closet. Skip the blinds and wake up to peaceful views of nature every morning. A generously sized second bedroom and full bath complete the upper level. The finished lower level is another standout, featuring a spacious family room with large windows that fill the space with natural light, a third bedroom with flexibility for a home office, exercise room, or guest suite, plus an additional bathroom. Recent improvements include a brand new roof, siding replaced approximately seven years ago, updates to the deck, replaced garage doors, updated lighting, and new carpet throughout the main and upper levels. Additional highlights include main floor laundry, an oversized two car garage, abundant storage, and exceptional pride of ownership throughout. Enjoy low maintenance townhome living without sacrificing space, privacy, or your connection to nature.

Contact us

Home facts

Property typeResidential
Property subtype(TH) Side x Side
Year built1990
LevelsTwo
Living area3,042 sqft
Above-grade finished2,178 sqft
Below-grade finished864 sqft
Lot size0.07 acres (80x36)
Days on market55
ListedAug 4, 2026
MLS #NST7119408
CountyHennepin
SubdivisionLake Forest
Parcel #3511722220028

Facts & features

Interior

Bedrooms
3
Bathrooms
4
Bath breakdown
2 full / 1 3/4 / 1 half
Heating
Forced Air
Cooling
Central Air
Appliances
Dishwasher, Disposal, Dryer, Humidifier, Microwave, Range, Refrigerator, Washer, Water Softener Owned

Property

Levels / stories
Two
Garage
2 spaces · 24x22 · 484 sqft
Parking features
Attached Garage, Asphalt, Garage Door Opener, Insulated Garage
Patio & porch
Deck, Porch, Terrace
Exterior features
Stone, Vinyl
Pool
None

Construction

Property type
Residential
Property subtype
(TH) Side x Side
Foundation
Block · 1,032 sqft
Roof
Age 8 Years or Less, Asphalt
Year built
1990

Utilities

Water
City Water/Connected
Sewer
City Sewer/Connected
Fuel
Natural Gas

Community & HOA

Subdivision
Lake Forest
HOA
$560/month
HOA name
Cities Management
HOA phone
6123818600
HOA includes
Building Exterior, Hazard Insurance, Lawn Care, Maintenance Grounds, Professional Mgmt, Sanitation, Snow Removal
HOA amenities
In-Ground Sprinkler System

Financial & listing details

Annual tax
$6,466.28 (2026)
Listed
Aug 4, 2026
Days on market
55
Manufactured home
Yes

Interior details

Total bathrooms4
Full baths2
3/4 baths1
Half baths1
1/4 baths0
BasementDaylight/Lookout Windows, Drain Tiled, Egress Window(s), Finished, Full, Sump Pump
HeatingForced Air
CoolingCentral Air
Fireplaces2
LaundryLaundry Room, Main Level, Sink
AppliancesDishwasher, Disposal, Dryer, Humidifier, Microwave, Range, Refrigerator, Washer, Water Softener Owned
DiningEat In Kitchen, Informal Dining Room, Living/Dining Room
AmenitiesBalcony, Ceiling Fan(s), Deck, Primary Bedroom Walk-In Closet, Natural Woodwork, Paneled Doors, Porch, Skylight, In-Ground Sprinkler, Sun Room, Tile Floors, Vaulted Ceiling(s), Washer/Dryer Hookup, Walk-In Closet
AccessibilityNone
Special featuresMain Floor Laundry, Primary Bdr Suite

Exterior & lot

ExteriorStone, Vinyl
RoofAge 8 Years or Less, Asphalt
FoundationBlock
Foundation area1,032 sqft
Patio/porchDeck, Porch, Terrace
Lot featuresTree Coverage - Medium
Road frontagePaved Streets, Private Road
ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected
SewerCity Sewer/Connected
FuelNatural Gas

Parking & garage

ParkingAttached Garage, Asphalt, Garage Door Opener, Insulated Garage
Garage spaces2
Garage size484 sqft

Financial details

Annual taxes$6,466.28
Tax year2026
Taxes w/ assessments6466.28
Assessment pendingNo
HOA fee$560
Down payment resourceYes
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District270 - Hopkins
District number270
District phone9529884000
High schoolHopkins
SODL flat fee brokerage
$11,697Estimated buyer credit
SODL platform fee $3,000Your buyer credit $11,697

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

$3,837/mo
Principal & interest$2,575
Property taxes$539
Home insurance (est.)$163
HOA fees$560
%
$97,980
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

5423 Butternut Circle, Minnetonka, MN, 55343

Listing information

MLS #NST7119408
StatusActive
Last updatedAug 27, 2026, 5:19 PM
Originally listedAug 4, 2026, 6:38 PM
Listing officeColdwell Banker Realty - Southwest Regional
Co-listing officeColdwell Banker Realty - Southwest Regional

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.