Lakefront living at its finest, this one-of-a-kind luxury home features stunning views from every room, an inviting pool, stone fire pit area, privacy, and soft modern architecture. It is both impressive and comfortable at the same time.
Set on more than 3 acres with 329 feet of shoreline, this custom-built executive Tom Mihm home was originally designed as the builder’s personal residence — and it shows in the exceptional layout, quality craftsmanship, and incredible connection to the lake from nearly every room.
With over 7,500 finished square feet, home highlights include a 2 story great room, high vaulted ceilings, expansive picture windows, kitchen island, four fireplaces, and incredible entertaining space. Fresh interior and exterior paint, new hardwood and LVP flooring, a new roof, updated landscaping, and new concrete driveway and front porch add to the home’s refreshed appeal. Relaxation and enjoyment is amplified with the new whole house Sonos S2 sound system.
Recently updated, the kitchen has a large center island and opens naturally into multiple living and dining spaces, including a renovated four-season porch with new mini-split that overlooks the pool and lake. Upstairs, the primary suite includes its own fireplace, elegant bath, and peaceful panoramic lake views.
The walkout lower level was made for fun, featuring a media room with projector, retractable screen, Sonos sound, and a custom TV wall with three picture-in-picture TVs — perfect for game days, movie nights, or hosting friends and family. There's also a wet bar, pool table, space for the ping pong table, game table, and work-out room. Outside, there's a new hot tub, new firepit, new maintenance-free deck boards, and an awesome pool with slide, diving board, and plenty of patio space for sunbathing, making it easy to enjoy the property year-round.
Additional features include a Jack and Jill bath connecting two upper-level bedrooms, a spacious main floor laundry room, and abundant lower-level storage space that is rarely found in lake homes of this size.
Whether spending quiet mornings on the water, swimming and fishing off the shoreline, or taking the boat over to community favorite restaurant, The Chart House, for dinner or events, the lifestyle here is just as exceptional as the home itself. The lake is ideal for kayaking, canoeing, swimming, fishing, and small 10hp motorized boats, offering a quieter and more relaxed lake experience. Location is close to everything, but feels perfectly secluded in a friendly, upscale neighborhood. Come see for yourself all that this amazing home has to offer!
Active
Price cut: $50K (7/14)
$1,549,900
16584 Klamath Ter, Lakeville, MN 55044
5beds
7,574sqft
Single Family
Built in 1991
3.13 Acres Lot
$-- Zestimate®
$205/sqft
$-- HOA
What's special
Large center islandUpdated landscapingKitchen islandSoft modern architectureNew hot tubAbundant lower-level storage spacePeaceful panoramic lake views
- 79 days |
- 1,310 |
- 59 |
Zillow last checked:
Listing updated:
Listed by:
Leslie M Dahlen 612-310-6738,
Realty Exchange
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7082814
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 2
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Upper
- Area: 520 Square Feet
- Dimensions: 26x20
Bedroom 2
- Level: Upper
- Area: 187 Square Feet
- Dimensions: 17x11
Bedroom 3
- Level: Upper
- Area: 168 Square Feet
- Dimensions: 14x12
Bedroom 4
- Level: Lower
- Area: 225 Square Feet
- Dimensions: 15x15
Bedroom 5
- Level: Lower
- Area: 182 Square Feet
- Dimensions: 14x13
Other
- Level: Lower
- Area: 576 Square Feet
- Dimensions: 24x24
Other
- Level: Lower
- Area: 208 Square Feet
- Dimensions: 16x13
Dining room
- Level: Main
- Area: 182 Square Feet
- Dimensions: 14x13
Family room
- Level: Main
- Area: 437 Square Feet
- Dimensions: 23x19
Other
- Level: Main
- Area: 220 Square Feet
- Dimensions: 20x11
Kitchen
- Level: Main
- Area: 360 Square Feet
- Dimensions: 24x15
Living room
- Level: Main
- Area: 336 Square Feet
- Dimensions: 21x16
Media room
- Level: Lower
- Area: 288 Square Feet
- Dimensions: 18x16
Office
- Level: Main
- Area: 180 Square Feet
- Dimensions: 15x12
Heating
- Forced Air, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Air-To-Air Exchanger, Central Vacuum, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Water Filtration System, Microwave, Refrigerator, Stainless Steel Appliance(s), Wall Oven, Washer, Water Softener Owned
- Laundry: Laundry Room, Main Level
Features
- Central Vacuum
- Basement: Daylight,Drain Tiled,Finished,Full,Walk-Out Access
- Number of fireplaces: 4
- Fireplace features: Amusement Room, Gas, Living Room, Primary Bedroom
Interior area
- Total structure area: 8,074
- Total interior livable area: 7,574 sqft
- Finished area above ground: 5,009
- Finished area below ground: 2,565
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Attached, Concrete, Garage, Heated Garage, Insulated Garage
- Attached garage spaces: 3
- Details: Garage Dimensions (31x45)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Composite Decking, Covered, Deck, Enclosed, Front Porch, Patio, Porch, Rear Porch, Wrap Around
- Has private pool: Yes
- Pool features: In Ground, Heated, Outdoor Pool
- Has view: Yes
- View description: Lake, Panoramic
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake Front, Waterfront Elevation(40+), Lake Bottom(Reeds, Sand, Soft)
- Frontage length: Water Frontage: 275
Lot
- Size: 3.13 Acres
- Dimensions: 442 x 45 x 431 x 522
- Features: Accessible Shoreline
Details
- Foundation area: 2575
- Additional parcels included: 225472012120
- Parcel number: 224186001060
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Roof: Age 8 Years or Less,Architectural Shingle,Asphalt
Condition
- New construction: No
- Year built: 1991
Utilities & green energy
- Electric: Power Company: Dakota Electric Association
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Kingsley Cove
HOA
- Has HOA: No
Location
- Region: Lakeville
Financial & listing details
- Price per square foot: $205/sqft
- Tax assessed value: $1,105,300
- Annual tax amount: $14,746
- Date on market: 5/30/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Price change | $1,549,900-3.1%$205/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7082814 Report a problem | ||
| 5/30/2026 | Listed for sale | $1,599,900+113.3%$211/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7082814 Report a problem | ||
| 2/11/2011 | Sold | $749,900$99/sqft |
Source: Public Record Report a problem | ||
| 12/3/2010 | Sold | $749,900$99/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1584527 Report a problem | ||
| 9/18/2010 | Price change | $749,900-6.3%$99/sqft |
Source: NRT Minneapolis #3926879 Report a problem | ||
| 3/13/2010 | Price change | $799,900-5.9%$106/sqft |
Source: NRT Minneapolis #3926879 Report a problem | ||
| 1/12/2010 | Price change | $850,000-5.5%$112/sqft |
Source: NRT Minneapolis #3687250 Report a problem | ||
| 5/21/2009 | Price change | $899,900-5.3%$119/sqft |
Source: NRT Minneapolis #3687250 Report a problem | ||
| 3/28/2009 | Price change | $949,900-5%$125/sqft |
Source: NRT Minneapolis #3687250 Report a problem | ||
| 10/26/2008 | Price change | $999,900-9.1%$132/sqft |
Source: NRT Minneapolis #3687250 Report a problem | ||
| 10/4/2008 | Listed for sale | $1,100,000$145/sqft |
Source: NRT Minneapolis #3605921 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $14,036 +5.5% | $1,105,300 +4% |
| 2023 | $13,308 +0.7% | $1,063,100 -0.3% |
| 2022 | $13,222 +13.1% | $1,066,400 +22.7% |
| 2021 | $11,692 +4.8% | $869,100 +8.2% |
| 2020 | $11,154 -4.7% | $803,500 +0.5% |
| 2019 | $11,710 | $799,400 +10.6% |
| 2018 | $11,710 +22.8% | $723,000 +0.1% |
| 2017 | $9,533 -1.8% | $722,500 +5.6% |
| 2016 | $9,710 +4.9% | $684,500 +3.6% |
| 2015 | $9,258 -1.1% | $660,900 -0.2% |
| 2014 | $9,358 +4% | $661,900 +5.6% |
| 2013 | $8,994 +867.9% | $626,900 |
| 2012 | $929 -90.3% | -- |
| 2011 | $9,596 -1.8% | -- |
| 2010 | $9,771 -3.6% | -- |
| 2009 | $10,133 -2.4% | -- |
| 2008 | $10,380 +3.8% | -- |
| 2007 | $9,998 +4.5% | -- |
| 2006 | $9,571 +9% | -- |
| 2004 | $8,779 +7.8% | -- |
| 2003 | $8,144 +17.1% | -- |
| 2002 | $6,956 -33.8% | -- |
| 2001 | $10,506 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 55044
Nearby schools
GreatSchools rating
- 7/10Orchard Lake Elementary SchoolGrades: K-5Distance: 0.3 mi
- 7/10Kenwood Trail Middle SchoolGrades: 6-8Distance: 3 mi
- 10/10Lakeville South High SchoolGrades: 9-12Distance: 4.7 mi
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