2017 custom-built, two-story dream home in sought-after Saint Albans Woods. Situated on a flat 3/4 acre lot, this home features elegant, sun-filled spaces perfect for entertaining. The gourmet kitchen boasts custom cabinets, a large pantry, double ovens, a quartz island with an electronic induction cooktop, quartz countertops, Jenn-Air appliances, a reverse osmosis water system, and a Best Cirrus ceiling-mounted range hood. Luxuriously appointed with LP SmartSide siding, Andersen windows, Hunter Douglas window treatments, hardwood floors, a two-sided gas fireplace, recessed lighting, knockdown textured ceilings, and custom-finished doors and millwork. Designed for maximum natural light, privacy, and expansive yard space. Minutes from downtown Excelsior and Wayzata, close to dining, shopping, fitness, parks, trails, schools, and beaches.
Closed
$1,500,000
3504 Rainbow Dr, Minnetonka, MN 55345
5beds
5,427sqft
Single Family Residence
Built in 2016
0.73 Acres Lot
$1,609,600 Zestimate®
$276/sqft
$7,640 Estimated rent
Home value
$1,609,600
$1.53M - $1.71M
$7,640/mo
Zestimate® history
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$7,804/mo
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Hardwood floorsExpansive yard spaceMaximum natural lightHunter douglas window treatmentsCustom - builtCustom cabinetsCustom - finished doors
Zillow last checked:
Listing updated:
Listed by:
Joseph C Houghton 763-300-2702,
RE/MAX Results
Bought with:
Michelle L Skott Morgan
Coldwell Banker Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6506304
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 3
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Upper
- Area: 256 Square Feet
- Dimensions: 16x16
Bedroom 2
- Level: Upper
- Area: 132 Square Feet
- Dimensions: 12x11
Bedroom 3
- Level: Upper
- Area: 143 Square Feet
- Dimensions: 13x11
Bedroom 4
- Level: Upper
- Area: 143 Square Feet
- Dimensions: 13x11
Bedroom 5
- Level: Lower
- Area: 156 Square Feet
- Dimensions: 13x12
Other
- Level: Lower
- Area: 750 Square Feet
- Dimensions: 30x25
Dining room
- Level: Main
- Area: 195 Square Feet
- Dimensions: 15x13
Exercise room
- Level: Lower
- Area: 77 Square Feet
- Dimensions: 11x7
Family room
- Level: Lower
- Area: 204 Square Feet
- Dimensions: 17x12
Flex room
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Game room
- Level: Lower
- Area: 272 Square Feet
- Dimensions: 17x16
Kitchen
- Level: Main
- Area: 285 Square Feet
- Dimensions: 19x15
Laundry
- Level: Upper
- Area: 81 Square Feet
- Dimensions: 9x9
Living room
- Level: Main
- Area: 182 Square Feet
- Dimensions: 14x13
Loft
- Level: Upper
- Area: 96 Square Feet
- Dimensions: 12x8
Mud room
- Level: Main
- Area: 80 Square Feet
- Dimensions: 10x8
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Air-To-Air Exchanger, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, ENERGY STAR Qualified Appliances, Exhaust Fan, Humidifier, Gas Water Heater, Water Filtration System, Water Osmosis System, Microwave, Refrigerator, Stainless Steel Appliance(s), Wall Oven, Washer, Water Softener Owned, Wine Cooler
- Laundry: Laundry Room, Sink, Upper Level, Washer Hookup
Features
- Basement: Daylight,Drain Tiled,Finished,Full,Concrete,Sump Pump
- Number of fireplaces: 1
- Fireplace features: Double Sided, Gas, Living Room
Interior area
- Total structure area: 5,427
- Total interior livable area: 5,427 sqft
- Finished area above ground: 3,476
- Finished area below ground: 1,951
Property
Parking
- Total spaces: 3
- Parking features: Attached, Concrete, Heated Garage, Insulated Garage
- Attached garage spaces: 3
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Composite Decking, Deck, Front Porch
- Pool features: None
Lot
- Size: 0.73 Acres
- Dimensions: 215 x 115
- Features: Near Public Transit, Tree Coverage - Light, Tree Coverage - Medium
Details
- Foundation area: 2118
- Parcel number: 1711722320076
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Age 8 Years or Less,Asphalt
Condition
- New construction: No
- Year built: 2016
Utilities & green energy
- Electric: Circuit Breakers, 200+ Amp Service, Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
- Utilities for property: Underground Utilities
Community & HOA
Community
- Subdivision: Saint Albans Woods
HOA
- Has HOA: No
Location
- Region: Minnetonka
Financial & listing details
- Price per square foot: $276/sqft
- Tax assessed value: $1,314,600
- Annual tax amount: $16,347
- Date on market: 4/5/2024
- Cumulative days on market: 49 days
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/24/2024 | Sold | $1,500,000+0%$276/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6506304 Report a problem | ||
| 4/5/2024 | Pending sale | $1,499,900$276/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6506304 Report a problem | ||
| 3/25/2024 | Listing removed | -- |
Source: NorthstarMLS as distributed by MLS GRID #6506304 Report a problem | ||
| 3/22/2024 | Listed for sale | $1,499,900-1.6%$276/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6506304 Report a problem | ||
| 7/17/2023 | Listing removed | -- |
Source: NorthstarMLS as distributed by MLS GRID #6378421 Report a problem | ||
| 6/12/2023 | Price change | $1,525,000-6.2%$281/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6378421 Report a problem | ||
| 6/1/2023 | Listed for sale | $1,625,000+37.1%$299/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6378421 Report a problem | ||
| 12/15/2017 | Sold | $1,185,000-3.7%$218/sqft |
Source: NorthstarMLS as distributed by MLS GRID #4864418 Report a problem | ||
| 11/20/2017 | Pending sale | $1,230,000$227/sqft |
Source: Coldwell Banker Burnet - Wayzata #4864418 Report a problem | ||
| 10/9/2017 | Price change | $1,230,000-0.8%$227/sqft |
Source: Coldwell Banker Burnet - Wayzata #4864418 Report a problem | ||
| 10/3/2017 | Price change | $1,240,000-0.6%$228/sqft |
Source: Coldwell Banker Burnet - Wayzata #4864418 Report a problem | ||
| 9/25/2017 | Price change | $1,248,000-2%$230/sqft |
Source: Coldwell Banker Burnet - Wayzata #4864418 Report a problem | ||
| 9/18/2017 | Price change | $1,274,000-1.9%$235/sqft |
Source: Coldwell Banker Burnet - Wayzata #4864418 Report a problem | ||
| 8/25/2017 | Price change | $1,299,000-3.8%$239/sqft |
Source: Coldwell Banker Burnet - Wayzata #4864418 Report a problem | ||
| 8/11/2017 | Listed for sale | $1,350,000+18.4%$249/sqft |
Source: Coldwell Banker Burnet #4864418 Report a problem | ||
| 3/31/2017 | Sold | $1,140,387+26.7%$210/sqft |
Source: NorthstarMLS as distributed by MLS GRID #4759259 Report a problem | ||
| 9/8/2016 | Listing removed | $899,900$166/sqft |
Source: Coldwell Banker Burnet - Minnetonka #4746239 Report a problem | ||
| 8/1/2016 | Price change | $899,900+221.5%$166/sqft |
Source: Coldwell Banker Burnet - Minnetonka #4746239 Report a problem | ||
| 7/12/2016 | Listed for sale | $279,900-18.9%$52/sqft |
Source: Coldwell Banker Burnet - Minnetonka #4746239 Report a problem | ||
| 4/15/2016 | Listing removed | $345,000$64/sqft |
Source: Prime Real Estate Services Ltd #4602537 Report a problem | ||
| 1/15/2016 | Listed for sale | $345,000$64/sqft |
Source: Prime Real Estate Services Ltd #4602537 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $18,299 +7.3% | $1,314,600 +5.9% |
| 2024 | $17,051 +4.3% | $1,241,500 +1.4% |
| 2023 | $16,347 +0.1% | $1,224,400 +4.6% |
| 2022 | $16,324 -3.1% | $1,170,700 +9.1% |
| 2021 | $16,851 +1.3% | $1,073,400 -3.2% |
| 2020 | $16,630 -1.3% | $1,109,400 +5.4% |
| 2019 | $16,851 +1.3% | $1,052,900 |
| 2018 | $16,630 +392% | $1,052,900 +501.7% |
| 2017 | $3,380 +10.4% | $175,000 +55.4% |
| 2016 | $3,062 +54.8% | $112,600 +48.2% |
| 2015 | $1,977 +46.5% | $76,000 +90% |
| 2014 | $1,350 | $40,000 |
Find assessor info on the county website
Neighborhood: 55345
Nearby homes
- $720,0004 bd4 ba3.8k sqft17303 Manor Rd, Minnetonka, MN 55345Sold
- $2,068,2005 bd5 ba5.6k sqft3516 Rainbow Dr, Minnetonka, MN 55345Off Market
- $1,654,2005 bd5 ba5.5k sqft3512 Rainbow Dr, Minnetonka, MN 55345Off Market
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- $1,200,0005 bd5 ba4.6k sqft3515 Lilac Ln, Minnetonka, MN 55345Sold
- $1,590,7003 bd5 ba3.9k sqft3508 Rainbow Dr, Minnetonka, MN 55345Off Market
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- $1,319,6004 bd4 ba4.2k sqft3521 Lilac Ln, Minnetonka, MN 55345Off Market
Nearby schools
GreatSchools rating
- 10/10Groveland Elementary SchoolGrades: K-5Distance: 0.2 mi
- 9/10Minnetonka East Middle SchoolGrades: 6-8Distance: 0.7 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 2.2 mi
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Estimated market value
$1,609,600
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Estimated market value
$1,609,600
- Minnesota
- Hennepin County
- Minnetonka
- 55345
- 3504 Rainbow Dr
Nearby cities
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