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.
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$860,000
531 Indian Hill Rd, Chanhassen, MN 55317
4beds
2,492sqft
Single Family
Built in 1978
0.46 Acres Lot
$860,200 Zestimate®
$345/sqft
$2,945 Estimated rent
Home value
$860,200
$817,000 - $903,000
$2,945/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Woody Love 612-695-3001,
Engel & Volkers Lake Minnetonka,
Eric T Utoft 952-300-0593
Bought with:
Michael R Favre
Coldwell Banker Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7064194
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
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: $345/sqft
- Tax assessed value: $509,400
- Annual tax amount: $5,458
- Date on market: 5/6/2026
- Cumulative days on market: 21 days
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Sold | $860,000-4.3%$345/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7064194 Report a problem | ||
| 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 | -- |
Find assessor info on the county website
Neighborhood: 55317
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Nearby schools
GreatSchools rating
- 10/10Excelsior Elementary SchoolGrades: K-5Distance: 1.9 mi
- 9/10Minnetonka West Middle SchoolGrades: 6-8Distance: 2.3 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 2 mi
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Estimated market value
$860,200
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Estimated market value
$860,200
- Minnesota
- Carver County
- Chanhassen
- 55317
- 531 Indian Hill Rd
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