5423 Butternut Cir, Minnetonka, MN 55343
What's special
Thoughtfully updated and meticulously maintained, this exceptional 3 bedroom, 4 bathroom townhome offers an exceptional blend of space, privacy, and convenience in the heart of Minnetonka. Backing to mature trees and nature, the home lives like a private retreat, with bike trails, multiple commuting options, and walking paths leading to Shady Oak Lake, the beach, and park just a short walk from your front door. A dramatic two story foyer and grand staircase welcome you inside, opening to expansive living spaces filled with natural light. The spacious kitchen offers abundant cabinetry, generous counter space, and effortless flow into the dining area, incredible sunroom, and adjoining deck, making everyday living and entertaining a breeze. The inviting living room is anchored by oversized windows that bring the outdoors in and offers direct access to the deck. Upstairs, the expansive owner's suite feels like a luxury retreat, complete with a cozy fireplace, private balcony perched among the treetops, a spacious ensuite bath, and walk in closet. Skip the blinds and wake up to peaceful views of nature every morning. A generously sized second bedroom and full bath complete the upper level. The finished lower level is another standout, featuring a spacious family room with large windows that fill the space with natural light, a third bedroom with flexibility for a home office, exercise room, or guest suite, plus an additional bathroom. Recent improvements include a brand new roof, siding replaced approximately seven years ago, updates to the deck, replaced garage doors, updated lighting, and new carpet throughout the main and upper levels. Additional highlights include main floor laundry, an oversized two car garage, abundant storage, and exceptional pride of ownership throughout. Enjoy low maintenance townhome living without sacrificing space, privacy, or your connection to nature.
- 20 days |
- 1,263 |
- 37 |
Likely to sell faster than
Travel times
Living Room
Kitchen
Dining Room
Sunroom
Foyer
Bedroom
Bathroom
Bedroom
Bathroom
Living Room
Office
Bathroom
Bathroom
Zillow last checked:
Listing updated:
John D Schuster 612-900-3333,
Coldwell Banker Realty - Southwest Regional,
Abby Lehman 952-334-5551
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 2
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Upper
- Area: 400 Square Feet
- Dimensions: 25x16
Bedroom 2
- Level: Upper
- Area: 231 Square Feet
- Dimensions: 21x11
Bedroom 3
- Level: Lower
- Area: 156 Square Feet
- Dimensions: 13x12
Primary bathroom
- Level: Upper
- Area: 190 Square Feet
- Dimensions: 19x10
Deck
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Deck
- Level: Upper
- Area: 36 Square Feet
- Dimensions: 09x04
Dining room
- Level: Main
- Area: 160 Square Feet
- Dimensions: 16x10
Family room
- Level: Lower
- Area: 638 Square Feet
- Dimensions: 29x22
Foyer
- Level: Main
- Area: 208 Square Feet
- Dimensions: 16x13
Kitchen
- Level: Main
- Area: 234 Square Feet
- Dimensions: 18x13
Laundry
- Level: Main
- Area: 45 Square Feet
- Dimensions: 09x05
Living room
- Level: Main
- Area: 384 Square Feet
- Dimensions: 24x16
Storage
- Level: Lower
- Area: 84 Square Feet
- Dimensions: 12x07
Other
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Humidifier, Microwave, Range, Refrigerator, Washer, Water Softener Owned
- Laundry: Laundry Room, Main Level, Sink
Features
- Basement: Daylight,Drain Tiled,Egress Window(s),Finished,Full,Sump Pump
- Number of fireplaces: 2
- Fireplace features: Living Room, Primary Bedroom
Interior area
- Total structure area: 3,210
- Total interior livable area: 3,042 sqft
- Finished area above ground: 2,178
- Finished area below ground: 864
Video & virtual tour
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 (24x22), Garage Door Height (7), Garage Door Width (16)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Porch, Terrace
- Pool features: None
- Fencing: None
Lot
- Size: 3,049 Square Feet
- Dimensions: 80 x 36
- Features: Tree Coverage - Medium
Details
- Foundation area: 1032
- Parcel number: 3511722220028
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: Townhouse
- Property subtype: (TH) Side x Side
- Attached to another structure: Yes
Materials
- Roof: Age 8 Years or Less,Asphalt
Condition
- New construction: No
- Year built: 1990
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Lake Forest
HOA
- Has HOA: Yes
- Amenities included: In-Ground Sprinkler System
- Services included: Maintenance Structure, Hazard Insurance, Lawn Care, Maintenance Grounds, Professional Mgmt, Sanitation, Snow Removal
- HOA fee: $560 monthly
- HOA name: Cities Management
- HOA phone: 612-381-8600
Location
- Region: Minnetonka
Financial & listing details
- Price per square foot: $161/sqft
- Tax assessed value: $502,500
- Annual tax amount: $6,466
- Date on market: 8/4/2026
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/4/2026 | Listed for sale | $489,900+55.5%$161/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7119408 Report a problem | ||
| 12/29/2017 | Sold | $315,000-3.1%$104/sqft |
Source: NorthstarMLS as distributed by MLS GRID #4891650 Report a problem | ||
| 11/29/2017 | Listed for sale | $325,000$107/sqft |
Source: North Suburban #4891650 Report a problem | ||
| 11/29/2017 | Pending sale | $325,000$107/sqft |
Source: North Suburban #4891650 Report a problem | ||
| 11/15/2017 | Listed for sale | $325,000$107/sqft |
Source: Keller Williams Premier Realty #4891650 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,627 +17.7% | $502,500 -5.8% |
| 2024 | $5,632 +3.6% | $533,200 +11.8% |
| 2023 | $5,435 +4.3% | $477,000 +2.5% |
| 2022 | $5,212 +9.6% | $465,500 +12.1% |
| 2021 | $4,757 -13.7% | $415,400 +7.6% |
| 2020 | $5,513 +15.9% | $386,000 -8.4% |
| 2019 | $4,757 -13.7% | $421,400 +9.8% |
| 2018 | $5,513 +8.5% | $383,900 +17.7% |
| 2017 | $5,084 +16.7% | $326,100 +3.9% |
| 2016 | $4,356 +1.3% | $313,900 -2% |
| 2015 | $4,301 -4.5% | $320,300 +17.2% |
| 2014 | $4,503 +22% | $273,200 +3% |
| 2013 | $3,690 -8.6% | $265,300 -10% |
| 2012 | $4,037 +6.2% | $294,700 +0% |
| 2011 | $3,803 +0% | $294,600 -8% |
| 2010 | $3,802 -5.6% | $320,200 -11% |
| 2009 | $4,027 +5.7% | $359,700 +8.6% |
| 2006 | $3,809 +1.1% | $331,200 +1.6% |
| 2005 | $3,768 +8.7% | $325,900 +15% |
| 2004 | $3,467 +8.9% | $283,400 +12% |
| 2002 | $3,184 -28.2% | $253,100 |
| 2001 | $4,436 | -- |
Find assessor info on the county website
Monthly payment
Estimated market value
$487,900
$464,000 - $512,000
$3,347/mo
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.