Pending

$899,000

531 Indian Hill Rd, Chanhassen, MN 55317

4beds

2,492sqft

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Single Family

Built in 1978

0.46 Acres Lot

$-- Zestimate^®

$361/sqft

$-- HOA

What's special

Opportunity to own a Lotus Lakeshore retreat on Lotus Lake (250 acres) with a private dock. This custom-built home sits on a half-acre, fenced, wooded lot on a quiet dead-end street, in the award-winning Minnetonka School District, and is within strolling distance of downtown Excelsior, Chanhassen, and Lake Minnetonka. Lotus Lake is known for its family-friendly setting—perfect for water skiing, pontoons, kayaks, stand-up paddleboards, or sailing, and ideal for creating lasting memories. The residence offers elevated southwest lake views through walls of glass and an open, airy feel throughout. A huge deck extends to outdoor living spaces, while a walk-out lower level provides easy entertaining access to a lower patio and hot tub. The four-season porch with a grill deck invites tranquil enjoyment of the scenery year-round. Thoughtfully designed by the current owners, this home blends indoor-outdoor living with timeless craftsmanship. A private dock completes the lakeside lifestyle.

51 days

479

6

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Bedroom

Level: Main
Area: 165 Square Feet
Dimensions: 15x11

Bedroom 2

Level: Main
Area: 140 Square Feet
Dimensions: 14x10

Bedroom 3

Level: Main
Area: 100 Square Feet
Dimensions: 10x10

Bedroom 4

Level: Lower
Area: 110 Square Feet
Dimensions: 11x10

Deck

Level: Main
Area: 360 Square Feet
Dimensions: 36x10

Family room

Level: Lower
Area: 700 Square Feet
Dimensions: 28x25

Other

Level: Main
Area: 195 Square Feet
Dimensions: 15x13

Informal dining room

Level: Main
Area: 110 Square Feet
Dimensions: 11x10

Kitchen

Level: Main
Area: 110 Square Feet
Dimensions: 11x10

Laundry

Level: Lower
Area: 48 Square Feet
Dimensions: 8x6

Living room

Level: Main
Area: 364 Square Feet
Dimensions: 26x14

Workshop

Level: Lower
Area: 121 Square Feet
Dimensions: 11x11

Heating

Forced Air, Fireplace(s)

Cooling

Central Air

Appliances

Included: Dishwasher
Laundry: In Basement

Features

Basement: Block,Egress Window(s),Finished,Full
Number of fireplaces: 2
Fireplace features: Family Room, Gas, Living Room

Interior area

Total structure area: 2,492
Total interior livable area: 2,492 sqft
Finished area above ground: 1,292
Finished area below ground: 1,200

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Property

Parking

Total spaces: 2
Parking features: Attached, Asphalt, Garage Door Opener
Attached garage spaces: 2
Has uncovered spaces: Yes

Accessibility

Accessibility features: None

Features

Levels: One
Stories: 1
Patio & porch: Deck, Patio
Has view: Yes
View description: West
Waterfront features: Dock, Lake Bottom(Soft)

Lot

Size: 0.46 Acres
Dimensions: 100 x 188 x 100 x 188
Features: Accessible Shoreline, Tree Coverage - Medium

Details

Foundation area: 1200
Parcel number: 256300060
Zoning description: Residential-Single Family

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family

Materials

Frame
Roof: Age 8 Years or Less

Condition

New construction: No
Year built: 1978

Utilities & green energy

Electric: 150 Amp Service
Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Community

Subdivision: Pleasant View

HOA

Has HOA: No

Location

Region: Chanhassen

Financial & listing details

Price per square foot: $361/sqft
Tax assessed value: $509,400
Annual tax amount: $5,458
Date on market: 5/6/2026
Cumulative days on market: 22 days

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/5/2026	Pending sale	$899,000$361/sqft
Source: NorthstarMLS as distributed by MLS GRID #7064194 Report a problem
5/30/2026	Contingent	$899,000$361/sqft
Source: Engel & Volkers #7064194 Report a problem
5/14/2026	Listed for sale	$899,000$361/sqft
Source: NorthstarMLS as distributed by MLS GRID #7064194 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,458 +3.8%	$509,400
2024	$5,260 +6.3%	$509,400 +1%
2023	$4,950 -1.2%	$504,600 +5.7%
2022	$5,008 +5.3%	$477,600 +10.1%
2021	$4,758 +1.9%	$433,900 +6.6%
2020	$4,670 +1.4%	$406,900 +3.7%
2019	$4,604	$392,300 +3.4%
2017	$4,604 +8.9%	$379,300 +12.3%
2016	$4,228	$337,900 +1.9%
2015	$4,228 +7.5%	$331,600 +12.9%
2014	$3,934 +6.8%	$293,700 -3.3%
2013	$3,682 +3%	$303,600 +5.9%
2012	$3,576 +4.3%	$286,700 -1.7%
2011	$3,430 -1%	$291,800
2010	$3,466 +2.2%	--
2009	$3,392 -9.7%	$321,900 -8.3%
2008	$3,756	$351,000 +5.6%
2007	--	$332,312 +12.4%
2005	--	$295,780 +2.9%
2004	--	$287,564
2002	--	--
2001	$2,553 +3.7%	--
2000	$2,463	--

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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