Welcome to 4940 Suburban Drive, a beautifully maintained one-owner home nestled on a .67 acre lot in the heart of Deephaven. Offering the perfect blend of comfort, charm, and privacy, this exceptional property is your own private oasis.
The meticulously landscaped grounds feature a professionally manicured lawn, mature trees, and a sparkling in-ground pool, creating an ideal setting for relaxing or entertaining all summer long.
Car enthusiasts and hobbyists will appreciate the oversized two-car garage, complete with heating, air conditioning, epoxy floors, and premium built-in cabinetry for year-round comfort and organization.
Inside, the open-concept gourmet kitchen is designed for gathering, showcasing high-end cabinetry and a stunning walnut center island that serves as the heart of the home. The spacious layout flows effortlessly into the main living areas, making it perfect for everyday living and entertaining.
Upstairs, you'll find three bedrooms on the same level, including a spacious primary suite with a walk-in closet featuring custom built-in cabinetry. The recently remodeled ensuite bath offers luxurious in-floor heat, a large soaking tub, and peaceful views of the beautifully landscaped backyard.
The walkout lower level includes a full wet bar and kitchenette, making it the perfect space for entertaining guests or serving refreshments during poolside gatherings.
Lovingly cared for by its original owner, this charming Deephaven home offers timeless appeal, thoughtful updates, and an unbeatable setting. Come experience everything 4940 Suburban Drive has to offer!
Pending
$1,699,000
4940 Suburban Dr, Shorewood, MN 55331
4beds
3,938sqft
:
Get pre-qualified$10,243/mo
Single Family
Built in 2000
0.67 Acres Lot
$1,662,900 Zestimate®
$431/sqft
$-- HOA
What's special
- 19 days |
- 1,914 |
- 160 |
Zillow last checked:
Listing updated:
Listed by:
Cody Smith 763-232-5002,
LPT Realty, LLC
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7104029
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Upper
- Area: 232 Square Feet
- Dimensions: 16x14.5
Bedroom 2
- Level: Upper
- Area: 139.15 Square Feet
- Dimensions: 12.10x11.5
Bedroom 3
- Level: Upper
- Area: 125.36 Square Feet
- Dimensions: 10.11x12.4
Bedroom 4
- Level: Lower
- Area: 169.68 Square Feet
- Dimensions: 10.1x16.8
Other
- Level: Lower
- Area: 469.8 Square Feet
- Dimensions: 29x16.2
Dining room
- Level: Main
- Area: 206.21 Square Feet
- Dimensions: 12.8x16.11
Family room
- Level: Lower
- Area: 424.19 Square Feet
- Dimensions: 25.10x16.9
Kitchen
- Level: Main
- Area: 278.6 Square Feet
- Dimensions: 14x19.9
Laundry
- Level: Main
- Area: 106.08 Square Feet
- Dimensions: 10.2x10.4
Living room
- Level: Main
- Area: 490.1 Square Feet
- Dimensions: 29x16.9
Mud room
- Level: Main
- Area: 124 Square Feet
- Dimensions: 10x12.4
Screened porch
- Level: Main
- Area: 162.45 Square Feet
- Dimensions: 9.5x17.1
Sitting room
- Level: Main
- Area: 132.44 Square Feet
- Dimensions: 10.11x13.10
Utility room
- Level: Lower
- Area: 303.71 Square Feet
- Dimensions: 25.10x12.1
Walk in closet
- Level: Upper
- Area: 50.05 Square Feet
- Dimensions: 9.10x5.5
Heating
- Forced Air, Fireplace(s), In-Floor Heating
Cooling
- Central Air
Appliances
- Included: Air-To-Air Exchanger, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Humidifier, Water Filtration System, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer, Water Softener Owned
Features
- Basement: Tile Shower,Walk-Out Access
- Number of fireplaces: 2
- Fireplace features: Gas, Stone
Interior area
- Total structure area: 3,897
- Total interior livable area: 3,938 sqft
- Finished area above ground: 3,032
- Finished area below ground: 906
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage, Concrete, Electric, Garage, Heated Garage, Insulated Garage
- Garage spaces: 2
- Details: Garage Dimensions (28x33), Garage Door Height (8)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck, Front Porch, Patio, Porch, Rear Porch, Screened
- Has private pool: Yes
- Pool features: In Ground, Heated
- Fencing: Invisible
Lot
- Size: 0.67 Acres
- Dimensions: 197 x 146 x 195 x 150
- Features: Corner Lot, Tree Coverage - Medium
Details
- Foundation area: 2024
- Parcel number: 2511723230018
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Concrete
- Roof: Age 8 Years or Less,Asphalt
Condition
- New construction: No
- Year built: 2000
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: Drilled, Well
Community & HOA
Community
- Subdivision: Minnetonka Manor
HOA
- Has HOA: No
Location
- Region: Shorewood
Financial & listing details
- Price per square foot: $431/sqft
- Tax assessed value: $809,900
- Annual tax amount: $10,520
- Date on market: 7/5/2026
- Cumulative days on market: 17 days
- Road surface type: Paved
Estimated market value
$1,662,900
$1.58M - $1.75M
$5,229/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/19/2026 | Pending sale | $1,699,000$431/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7104029 Report a problem | ||
| 7/8/2026 | Listed for sale | $1,699,000+1533.7%$431/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7104029 Report a problem | ||
| 5/19/1999 | Sold | $104,000$26/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,520 +4.7% | $809,900 -3.2% |
| 2024 | $10,052 +15% | $837,000 +0.1% |
| 2023 | $8,737 +21.1% | $836,100 +14.8% |
| 2022 | $7,213 -2.4% | $728,000 +30.9% |
| 2021 | $7,387 +1.6% | $556,000 -1.2% |
| 2020 | $7,273 -1.5% | $563,000 +5.6% |
| 2019 | $7,387 +1.6% | $533,000 +0.6% |
| 2018 | $7,273 +2.2% | $530,000 +0.6% |
| 2017 | $7,118 -2.6% | $527,000 +4.2% |
| 2016 | $7,310 +3.1% | $506,000 |
| 2015 | $7,090 -0.3% | $506,000 +7.9% |
| 2014 | $7,110 -1.3% | $469,000 -7.3% |
| 2013 | $7,201 +4.4% | $506,000 -0.6% |
| 2012 | $6,896 +4% | $509,000 -0.6% |
| 2011 | $6,632 +3.1% | $512,000 -5.2% |
| 2010 | $6,433 +1.1% | $540,000 -2% |
| 2009 | $6,362 +6.7% | $551,000 +11.1% |
| 2006 | $5,964 +5.4% | $496,000 +11.2% |
| 2005 | $5,659 +9.1% | $446,200 +15% |
| 2004 | $5,189 +5.3% | $388,000 +12% |
| 2002 | $4,928 +206.9% | $346,500 |
| 2001 | $1,606 | -- |
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: 55331
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: 1.6 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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