Nestled on a peaceful dead-end street off Minnetonka Boulevard near Deephaven and Excelsior, this beautifully maintained rambler offers a perfect blend of charm and modern updates. Situated on a 0.36-acre lot, this home features 3 bedrooms, 3 bathrooms, and 2,412 finished square feet of inviting living space. The main level impresses with a welcoming flagstone entry, white enameled woodwork, crown molding, newer carpet, large family room featuring built-in's with a wood-burning fireplace, formal dining area and a sun room. The remodeled kitchen showcases custom cabinetry, high-end built-in appliances, gleaming hardwood floors, and granite countertops. All three bedrooms on the main floor have hardwood floors, including a primary suite with a private ¾ bath. Step outside to a fully fenced backyard with a private patio, perfect for relaxing or entertaining. The lower level offers a spacious family room with a Chicago brick fireplace, a roughed-in wet bar area, two large storage rooms, a newly installed egress window, laundry area and a 3/4 bath. Additional highlights include a two-car garage with a pull-down ladder for loft storage. Conveniently located near downtown Excelsior, Lake Minnetonka, Lake William, parks, and major highways, this home is in the award-winning Minnetonka School District—a must-see in an unbeatable location!
Closed
$600,000
4720 Lakeway Ter, Shorewood, MN 55331
3beds
3,424sqft
Single Family
Built in 1961
0.36 Acres Lot
$606,000 Zestimate®
$175/sqft
$4,574 Estimated rent
Home value
$606,000
$551,000 - $661,000
$4,574/mo
Zestimate® history
Owner options
List your home for rent
$4,574/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$4,574/mo
Rent Zestimate®
Refinance and save
$3,804/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,804/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Carey Willis Crowell 952-999-3126,
Fazendin REALTORS,
Richard A Willis 952-484-5790
Bought with:
Lori P Schneck
Coldwell Banker Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6655597
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 2
Bedroom
- Level: Main
- Area: 192 Square Feet
- Dimensions: 16x12
Bedroom 2
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Bedroom 3
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Dining room
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13x11
Family room
- Level: Lower
- Area: 650 Square Feet
- Dimensions: 26x25
Kitchen
- Level: Main
- Area: 180 Square Feet
- Dimensions: 15x12
Living room
- Level: Main
- Area: 336 Square Feet
- Dimensions: 24x14
Porch
- Level: Main
- Area: 171 Square Feet
- Dimensions: 19x9
Storage
- Level: Lower
- Area: 646 Square Feet
- Dimensions: 38x17
Storage
- Level: Lower
- Area: 168 Square Feet
- Dimensions: 21x8
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Exhaust Fan, Gas Water Heater, Water Filtration System, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer, Water Softener Owned
- Laundry: In Basement, Electric Dryer Hookup, Gas Dryer Hookup, Sink, Washer Hookup
Features
- Basement: Block,Egress Window(s),Finished,Full,Storage Space
- Number of fireplaces: 2
- Fireplace features: Brick, Family Room, Living Room, Wood Burning
Interior area
- Total structure area: 3,424
- Total interior livable area: 3,424 sqft
- Finished area above ground: 1,712
- Finished area below ground: 700
Property
Parking
- Total spaces: 2
- Parking features: Attached, Asphalt, Garage Door Opener, Insulated Garage
- Attached garage spaces: 2
- Has uncovered spaces: Yes
- Details: Garage Dimensions (21x21)
Accessibility
- Accessibility features: Grab Bars In Bathroom
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Fencing: Full,Wood
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake View
Lot
- Size: 0.36 Acres
- Dimensions: 80 x 167 x 135 x 136
- Features: Tree Coverage - Medium
Details
- Additional structures: Storage Shed
- Foundation area: 1712
- Parcel number: 2611723110026
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Roof: Age Over 8 Years,Asphalt
Condition
- New construction: No
- Year built: 1961
Utilities & green energy
- Electric: Circuit Breakers, 100 Amp Service
- 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: $175/sqft
- Tax assessed value: $560,600
- Annual tax amount: $6,093
- Date on market: 2/10/2025
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/11/2025 | Sold | $600,000$175/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6655597 Report a problem | ||
| 2/10/2025 | Pending sale | $600,000+252.9%$175/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6655597 Report a problem | ||
| 5/30/1996 | Sold | $170,000$50/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,107 -5.8% | $560,600 +8% |
| 2024 | $6,485 +7.6% | $519,300 -8.4% |
| 2023 | $6,025 +10.3% | $567,100 +7.8% |
| 2022 | $5,461 +8.2% | $526,000 +22.6% |
| 2021 | $5,046 -2.6% | $429,000 +8.9% |
| 2020 | $5,181 +2.7% | $394,000 +2.1% |
| 2019 | $5,046 -2.6% | $386,000 -0.8% |
| 2018 | $5,181 +3% | $389,000 +8.1% |
| 2017 | $5,032 +2.8% | $360,000 +5.3% |
| 2016 | $4,892 +3.9% | $342,000 -2.6% |
| 2015 | $4,710 -3% | $351,000 +19% |
| 2014 | $4,857 +24.7% | $295,000 +3.9% |
| 2013 | $3,895 +2.8% | $284,000 -2.1% |
| 2012 | $3,789 -4.3% | $290,000 -7.6% |
| 2011 | $3,958 +0.3% | $314,000 -8.2% |
| 2010 | $3,948 -1.2% | $342,000 -4.2% |
| 2009 | $3,995 +2% | $357,000 +7.5% |
| 2006 | $3,918 +10.3% | $332,000 +14.9% |
| 2005 | $3,552 +10% | $288,900 +15% |
| 2004 | $3,229 +5.5% | $251,300 +12% |
| 2002 | $3,061 -39.7% | $224,400 |
| 2001 | $5,075 | -- |
Find assessor info on the county website
Neighborhood: 55331
Nearby homes
- $736,0003 bd2 ba1.6k sqft4730 Lakeway Ter, Shorewood, MN 55331Off Market
- $620,7004 bd3 ba1.8k sqft4710 Lakeway Ter, Shorewood, MN 55331Off Market
- $533,0003 bd2 ba1.5k sqft4695 Fatima Pl, Shorewood, MN 55331Off Market
- $879,4004 bd2 ba2.7k sqft4690 Lakeway Ter, Shorewood, MN 55331Off Market
- $485,5003 bd2 ba1.3k sqft4735 Lakeway Ter, Shorewood, MN 55331Off Market
- $997,8003 bd3 ba2.5k sqft4740 Lakeway Ter, Shorewood, MN 55331Off Market
- $1,191,7003 bd4 ba3.4k sqft4780 Fatima Pl, Shorewood, MN 55331Off Market
- $524,7003 bd1 ba1.2k sqft4725 Lakeway Ter, Shorewood, MN 55331Off Market
Nearby schools
GreatSchools rating
- 9/10Deephaven Elementary SchoolGrades: K-5Distance: 1.1 mi
- 9/10Minnetonka East Middle SchoolGrades: 6-8Distance: 2.5 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 1.8 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$606,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$606,000
- Minnesota
- Hennepin County
- Shorewood
- 55331
- 4720 Lakeway Ter
Nearby cities
Nearby zip codes
Other Shorewood Topics
