Set along one of Deephaven’s most quietly admired streets, this timeless residence on Heathcote Road captures a rare balance of classic architecture and livable design. Framed by a two-acre, tree-lined setting, the home unfolds with a sense of calm permanence—where elegance has been allowed to exist, uninterrupted, and intentional.
The architecture reflects a refined, traditional sensibility—graceful in proportion, welcoming in presence—while the interiors offer a more fluid, updated, natural flow. A main-level primary suite anchors the home, complimented by four additional bedrooms on the upper level, creating both privacy and natural separation of space.
At its heart, a richly appointed library/den—wrapped in natural wood built-ins and centered around a fireplace—offers a rare, intimate retreat. An open kitchen flows seamlessly into a window lined family room with fireplace, creating a warm, light-filled gathering space for everyday living. Formal dining provides a setting for more curated gatherings, while the home’s lower level expands into an exercise room and entertainment space designed for everyday living.
Outdoors, the experience is equally compelling. A beautifully integrated pool and patio sit within the privacy of mature trees, creating a setting that feels both expansive and secluded. Located within the Minnetonka School District and complete with a three-car garage /electric charging option - this is a home that speaks quietly—but with lasting impact.
A legacy home, in a classic setting—where architecture, landscape , and atmosphere align effortlessly.
Active
Price cut: $100K (6/11)
$1,895,000
4236 Heathcote Rd, Deephaven, MN 55391
5beds
6,141sqft
Single Family
Built in 1966
1.98 Acres Lot
$1,814,800 Zestimate®
$309/sqft
$-- HOA
What's special
Warm light-filled gathering spaceNatural wood built-insMain-level primary suiteOpen kitchenWindow lined family roomPrivacy of mature treesTwo-acre tree-lined setting
- 58 days |
- 1,490 |
- 70 |
Zillow last checked:
Listing updated:
Listed by:
Bonnie J Velie 612-964-7865,
Coldwell Banker Realty,
Decker Velie 612-747-5097
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7041969
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 3
- 3/4 bathrooms: 2
- 1/2 bathrooms: 1
Bedroom
- Level: Main
- Area: 336 Square Feet
- Dimensions: 24 X 14
Bedroom 2
- Level: Upper
- Area: 238 Square Feet
- Dimensions: 14 X 17
Bedroom 3
- Level: Upper
- Area: 182 Square Feet
- Dimensions: 14 X 13
Bedroom 4
- Level: Upper
- Area: 182 Square Feet
- Dimensions: 14 X 13
Bedroom 5
- Level: Upper
- Area: 156 Square Feet
- Dimensions: 13 X 12
Primary bathroom
- Level: Main
- Area: 182 Square Feet
- Dimensions: 14 X 13
Bonus room
- Level: Upper
- Area: 840 Square Feet
- Dimensions: 35 X 24
Dining room
- Level: Main
- Area: 210 Square Feet
- Dimensions: 15 X 14
Exercise room
- Level: Lower
- Area: 600 Square Feet
- Dimensions: 25 X 24
Family room
- Level: Main
- Area: 442 Square Feet
- Dimensions: 17 X 26
Foyer
- Level: Main
- Area: 88 Square Feet
- Dimensions: 8 X 11
Kitchen
- Level: Main
- Area: 238 Square Feet
- Dimensions: 17 X 14
Laundry
- Level: Main
- Area: 60 Square Feet
- Dimensions: 6 X 10
Living room
- Level: Main
- Area: 360 Square Feet
- Dimensions: 20 X 18
Mud room
- Level: Main
- Area: 400 Square Feet
- Dimensions: 16 X 25
Utility room
- Level: Lower
- Area: 1225 Square Feet
- Dimensions: 35 X 35
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Air-To-Air Exchanger, Chandelier, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Freezer, Humidifier, Gas Water Heater, Water Filtration System, Microwave, Other, Range, Refrigerator, Trash Compactor, Wall Oven, Washer, Water Softener Rented
- Laundry: Main Level
Features
- Basement: Finished,Walk-Out Access
- Number of fireplaces: 4
- Fireplace features: Amusement Room, Family Room, Gas, Living Room, Primary Bedroom, Wood Burning
Interior area
- Total structure area: 6,141
- Total interior livable area: 6,141 sqft
- Finished area above ground: 4,430
- Finished area below ground: 1,034
Property
Parking
- Total spaces: 3
- Parking features: Attached, Heated Garage
- Attached garage spaces: 3
- Details: Garage Door Height (8), Garage Door Width (9)
Accessibility
- Accessibility features: Other
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio, Terrace
- Has private pool: Yes
- Pool features: In Ground, Heated, Outdoor Pool
- Fencing: Invisible
Lot
- Size: 1.98 Acres
- Dimensions: 86,441
- Features: Irregular Lot, Tree Coverage - Medium
Details
- Foundation area: 1711
- Parcel number: 1911722310011
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Frame
- Roof: Age 8 Years or Less,Asphalt,Other
Condition
- New construction: No
- Year built: 1966
Utilities & green energy
- Electric: Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: Well
Community & HOA
Community
- Subdivision: Heathcote Woods
HOA
- Has HOA: No
Location
- Region: Deephaven
Financial & listing details
- Price per square foot: $309/sqft
- Tax assessed value: $2,131,200
- Annual tax amount: $27,625
- Date on market: 4/17/2026
Estimated market value
$1,814,800
$1.72M - $1.91M
$7,623/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/11/2026 | Price change | $1,895,000-5%$309/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7041969 Report a problem | ||
| 5/14/2026 | Price change | $1,995,000-4.8%$325/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7041969 Report a problem | ||
| 4/17/2026 | Listed for sale | $2,095,000+74.6%$341/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7041969 Report a problem | ||
| 10/22/2009 | Sold | $1,200,000$195/sqft |
Source: Public Record Report a problem | ||
| 7/31/2009 | Sold | $1,200,000-7.3%$195/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1577624 Report a problem | ||
| 5/25/2009 | Listed for sale | $1,295,000+245.3%$211/sqft |
Source: NRT Minneapolis #3689698 Report a problem | ||
| 6/16/1997 | Sold | $375,000$61/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $25,232 +5.4% | $2,131,200 +7% |
| 2024 | $23,938 +14.4% | $1,991,900 +0.3% |
| 2023 | $20,933 +11.3% | $1,985,500 +14.1% |
| 2022 | $18,805 +0.4% | $1,740,000 +22.5% |
| 2021 | $18,728 -4% | $1,420,000 +0.4% |
| 2020 | $19,502 +4.1% | $1,415,000 |
| 2019 | $18,728 -4% | $1,415,000 +4.8% |
| 2018 | $19,502 +18.9% | $1,350,000 +12.2% |
| 2017 | $16,400 -0.9% | $1,203,000 +4.8% |
| 2016 | $16,542 +3.3% | $1,148,000 +5.4% |
| 2015 | $16,009 +4.6% | $1,089,000 +9.3% |
| 2014 | $15,307 +8.2% | $996,000 -0.2% |
| 2013 | $14,147 +5.1% | $998,000 |
| 2012 | $13,467 +4.4% | $998,000 |
| 2011 | $12,901 +21.9% | $998,000 +9.7% |
| 2010 | $10,581 +1.9% | $910,000 -2% |
| 2009 | $10,381 +39% | $929,000 +40.9% |
| 2006 | $7,471 +20.8% | $659,500 +24.4% |
| 2005 | $6,186 +2.6% | $530,000 +7.7% |
| 2004 | $6,031 +3.5% | $492,200 +12% |
| 2002 | $5,826 -43.4% | $439,500 |
| 2001 | $10,297 | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 55391
Nearby schools
GreatSchools rating
- 8/10Deephaven Elementary SchoolGrades: K-5Distance: 0.4 mi
- 8/10Minnetonka East Middle SchoolGrades: 6-8Distance: 1 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 1.3 mi
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- Minnesota
- Hennepin County
- Deephaven
- 55391
- 4236 Heathcote Rd
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