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  • $2,750,000

    5515 Timber Ln, Shorewood, MN 55331

    --beds
    --baths
    0.63Acres
    Unimproved Land
    Built in 1955
    0.63 Acres Lot
    $2,430,900 Zestimate®
    $--/sqft
    $1,816 Estimated rent

    Home value

    $2,430,900

    $2.02M - $2.89M

    $1,816/mo

    Zestimate® history
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    Owner options

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    $1,816/mo

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    $1,816/mo

    Rent Zestimate®

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    $14,307/mo

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    $14,307/mo

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    What's special

    A rarely available lakefront building site with 150ft of superb lakeshore on Gideon's Bay. A great place on the lake with big water views and hard bottome lakeshore in a quiet cove off the main bay. Riprapped sandy bottom lakeshore. Long views extend past Excelsior commons to Deephaven. A perfect elevation offers a Level yard to the water. Tranquility and convenience! Just a couple blocks from Downtown Excelsior. The regional trail makes it an easy walk to the activities, shops, and restaurants. Watch the excelsior fireworks from your deck or dock. 5515 Timber Lane offers a large buildable area, the homesite has appealing proximity to the shoreline. the neigborhood supports upper bracket new construction. Every home along Timber Lane is waterfront with no homes across the street. just the LRT trail and a pond surrounded by woods and nature. Currently this is a permanent dock. Minnetonka School District. Act fast, there are limited opportunities on this street with very low turnover.

    Zillow last checked:

    Listing updated:

    Listed by:

    Timothy Berg 952-945-3135,

    Edina Realty, Inc.

    Bought with:

    Aaron R Schumm

    Reimagine Real Estate

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6450837MLS Logo

    Facts & features

    Interior

    Features
    • Has basement: No

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage
    • Garage spaces: 2
    Features
    • Has view: Yes
    • View description: Bay, Lake
    • Has water view: Yes
    • Water view: Bay,Lake
    • Waterfront features: Lake Front, Waterfront Elevation(0-4), Lake Bottom(Gravel, Sand, Soft)
    • Frontage length: Water Frontage: 150
    Lot
    • Size: 0.63 Acres
    • Dimensions: 152 x 330 x 150 x 168
    • Features: Accessible Shoreline, Near Public Transit, Tree Coverage - Medium
    • Topography: Level,Sloped,Wooded
    Details
    • Parcel number: TBD
    • Zoning description: Shoreline,Residential-Single Family

    Utilities & green energy

    • Utilities for property: Cable Connected, Natural Gas Available, Natural Gas Connected, Other Connected, Private Well Connected, Sewer Available, Sewer Connected, Phone Available

    Community & neighborhood

    Community
    • Community features: No
    Location
    • Region: Shorewood
    • Subdivision: Timber Lane

    HOA & financial

    HOA
    • Has HOA: No

    Price history

    DateEventPrice
    6/21/2024Sold$2,750,000+10.2%
    Source: NorthstarMLS as distributed by MLS GRID #6450837 Report a problem
    10/23/2023Listing removed--
    Source: Edina Realty Report a problem
    10/20/2023Listed for sale$2,495,000
    Source: NorthstarMLS as distributed by MLS GRID #6450811 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$20,407 +5.7%$2,026,700 +30.8%
    2024$19,303 +2.7%$1,548,900 +1%
    2023$18,792 +26.6%$1,533,800 +3.8%
    2022$14,840 +1.2%$1,477,000 +39.3%
    2021$14,662 +2.1%$1,060,000 +1.9%
    2020$14,365 -2%$1,040,000 +6.6%
    2019$14,662 +2.1%$976,000 -0.5%
    2018$14,365 -0.8%$981,000 +1.6%
    2017$14,482 -0.2%$966,000
    2016$14,517 -1.8%$966,000 +11.4%
    2015$14,783 +12%$867,000 +6.1%
    2014$13,198 +4.9%$817,000 -0.4%
    2013$12,580 -1.6%$820,000 -5.7%
    2012$12,783 +3.1%$870,000 -1.5%
    2011$12,402 +1.2%$883,000 -7.2%
    2010$12,254 +2.5%$951,000 -1%
    2009$11,952 +48.9%$961,000 +50.5%
    2006$8,027 +11.7%$638,500 +15%
    2005$7,187 +10.8%$555,300 +15%
    2004$6,486 +4.5%$482,900 +12%
    2002$6,209 -41%$431,200
    2001$10,528 --

    Find assessor info on the county website

    Neighborhood: 55331

    Nearby schools

    GreatSchools rating