Just a few blocks east of downtown Excelsior, this turnkey home is walkable to the Cottagewood General Store and just steps from the Lake Minnetonka Regional Trail, paddle tennis courts, Carson’s Bay, and three local beaches. Located on a quiet street in the sought-after Minnetonka School District, the home has been thoughtfully updated by long-term owners to blend timeless charm with modern function. Nearly every surface has been upgraded over the past decade—including a full kitchen renovation, updated baths, new roof, furnace, A/C, water heater, attic insulation, and more. The well-designed layout lives spaciously and is perfect for daily life or entertaining, featuring four bedrooms up, an open-concept main level, and an incredible vaulted screened porch overlooking the beautifully landscaped backyard. With fresh, stylish finishes and no detail overlooked, this not-so-big house is full of charm, comfort, and quality rarely found at this size.
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Zestimate®
$815,000
4685 Lakeway Ter, Shorewood, MN 55331
4beds
2,347sqft
Single Family Residence
Built in 1967
0.25 Acres Lot
$815,000 Zestimate®
$347/sqft
$3,241 Estimated rent
Home value
$815,000
$750,000 - $888,000
$3,241/mo
Zestimate® history
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$5,168/mo
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List your homeWhat's special
Fresh stylish finishesIncredible vaulted screened porchBeautifully landscaped backyardOpen-concept main levelUpdated bathsNew roofFull kitchen renovation
Zillow last checked:
Listing updated:
Listed by:
Cassie L Frick 612-237-4460,
Edina Realty, Inc.,
Allison Errickson 612-812-1126
Bought with:
Michael D Bartus
Lakes Sotheby's International
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6720986
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Bedroom
- Level: Upper
- Area: 195 Square Feet
- Dimensions: 15x13
Bedroom 2
- Level: Upper
- Area: 132 Square Feet
- Dimensions: 12x11
Bedroom 3
- Level: Upper
- Area: 120 Square Feet
- Dimensions: 12x10
Bedroom 4
- Level: Upper
- Area: 108 Square Feet
- Dimensions: 12x9
Dining room
- Level: Main
- Area: 130 Square Feet
- Dimensions: 13x10
Family room
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12x11
Family room
- Level: Lower
- Area: 396 Square Feet
- Dimensions: 22x18
Kitchen
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Living room
- Level: Main
- Area: 169 Square Feet
- Dimensions: 13x13
Office
- Level: Lower
- Area: 132 Square Feet
- Dimensions: 12x11
Screened porch
- Level: Main
- Area: 216 Square Feet
- Dimensions: 18x12
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Gas Water Heater, Microwave, Stainless Steel Appliance(s), Washer, Water Softener Owned
- Laundry: Gas Dryer Hookup, Lower Level, Laundry Room, Sink, Washer Hookup
Features
- Basement: Finished,Full
- Number of fireplaces: 2
- Fireplace features: Family Room, Living Room, Stone, Wood Burning
Interior area
- Total structure area: 2,347
- Total interior livable area: 2,347 sqft
- Finished area above ground: 1,727
- Finished area below ground: 620
Property
Parking
- Total spaces: 2
- Parking features: Attached, Concrete, Garage Door Opener
- Attached garage spaces: 2
- Has uncovered spaces: Yes
- Details: Garage Dimensions (22x21)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Patio, Rear Porch, Screened
- Pool features: None
- Fencing: Invisible
Lot
- Size: 0.25 Acres
- Features: Tree Coverage - Medium
Details
- Foundation area: 656
- Parcel number: 2611723110040
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Age 8 Years or Less,Architectural Shingle,Pitched
Condition
- New construction: No
- Year built: 1967
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: Well
Community & HOA
Community
- Subdivision: Tonkawood Estates
HOA
- Has HOA: No
Location
- Region: Shorewood
Financial & listing details
- Price per square foot: $347/sqft
- Tax assessed value: $571,600
- Annual tax amount: $6,884
- Date on market: 5/14/2025
- Cumulative days on market: 29 days
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2025 | Sold | $815,000$347/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6720986 Report a problem | ||
| 5/31/2025 | Pending sale | $815,000$347/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6720986 Report a problem | ||
| 5/14/2025 | Listed for sale | $815,000-3%$347/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6720986 Report a problem | ||
| 5/14/2025 | Listing removed | $840,000$358/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6699048 Report a problem | ||
| 5/2/2025 | Listed for sale | $840,000+147.1%$358/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6699048 Report a problem | ||
| 5/2/2003 | Sold | $339,900+80.8%$145/sqft |
Source: Public Record Report a problem | ||
| 4/11/2000 | Sold | $188,000$80/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,393 -7.1% | $571,600 +5.9% |
| 2024 | $6,884 +8.7% | $539,900 -9.6% |
| 2023 | $6,335 +13.9% | $597,200 +8.8% |
| 2022 | $5,563 +8.5% | $549,000 +25.6% |
| 2021 | $5,129 -3.4% | $437,000 +9.3% |
| 2020 | $5,310 +3.5% | $400,000 +1.3% |
| 2019 | $5,129 -3.4% | $395,000 +1% |
| 2018 | $5,310 +6.2% | $391,000 +7.4% |
| 2017 | $5,002 +1.1% | $364,000 +2.2% |
| 2016 | $4,950 +0.6% | $356,000 +0.6% |
| 2015 | $4,920 +0.4% | $354,000 +15.7% |
| 2014 | $4,901 +20.2% | $306,000 +3.4% |
| 2013 | $4,078 +3.6% | $296,000 -1.3% |
| 2012 | $3,934 -3.3% | $300,000 -6.8% |
| 2011 | $4,068 +1.7% | $322,000 -6.9% |
| 2010 | $3,999 +1% | $346,000 -2.3% |
| 2009 | $3,958 +15.8% | $354,000 +20.7% |
| 2006 | $3,417 +10.5% | $293,200 +15% |
| 2005 | $3,091 +10.1% | $255,000 +15% |
| 2004 | $2,806 +5.6% | $221,800 +12% |
| 2002 | $2,658 -39.3% | $198,100 |
| 2001 | $4,382 | -- |
Find assessor info on the county website
Neighborhood: 55331
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Nearby schools
GreatSchools rating
- 9/10Deephaven Elementary SchoolGrades: K-5Distance: 1 mi
- 9/10Minnetonka East Middle SchoolGrades: 6-8Distance: 2.4 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 1.7 mi
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Estimated market value
$815,000
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Estimated market value
$815,000
- Minnesota
- Hennepin County
- Shorewood
- 55331
- 4685 Lakeway Ter
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