10755 40th Street N, Lake Elmo, MN 55042

$699,000
Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 2,869 Lot Size (sq. ft.): 8,712 Status: Closed
Current Price: $699,000 List Date: 3/20/2026 Last Modified: 5/05/2026

Overview

Description

Welcome to 10755 40th St N in beautiful Lake Elmo—a stunning, newer-construction home built by Hanson Builders in 2023 that perfectly blends modern design, thoughtful upgrades, and everyday functionality. Step inside to an inviting foyer that sets the tone for the rest of the home—bright, open, and effortlessly elegant. The main level showcases a seamless, open-concept layout designed for both comfortable living and entertaining, highlighted by sensational natural light pouring in from every angle. Fantastic ceiling height! A well-designed mudroom with great storage adds everyday convenience and functionality. The kitchen is a true showpiece, complete with trendy cabinetry, HanStone quartz countertops, a fantastic center island, and a conveniently located pantry—flowing beautifully into the living and dining spaces.At the heart of the home, a striking floor-to-ceiling stone gas fireplace with custom built-ins and shelving creates a warm yet refined focal point. Thoughtful upgrades like rift white oak finishes, engineered hardwood flooring, and arched walkways elevate the home’s overall design aesthetic. A fresh and stylish main-level bathroom adds both convenience and charm.Upstairs, you’ll find four generously sized bedrooms, including a sensational primary suite designed as a true retreat—featuring a tasteful, spa-like bathroom and a spacious walk-in closet. The upper-level laundry room, ideally located just off the primary bedroom, offers exceptional convenience. The lower level expands your living space with a large family room and a versatile fifth bedroom—perfect as a guest room, home office, gym, or game room. The possibilities are endless. Outside, enjoy a large, grassy yard framed by two white pines and two Autumn Blaze maples. The oversized three-stall garage provides ample storage and space for all your needs. Additional upgrades include a whole-home water filtration system and reverse osmosis. Enjoy incredible shared neighborhood amenities, including an in-ground heated pool, clubhouse, basketball court, playground, bonfire pit, and walkable to Downtown Lake Elmo - next to Sunfish Lake. This is a rare opportunity to own a nearly new, thoughtfully upgraded home in one of Lake Elmo’s most desirable communities—where style, space, and function come together effortlessly.

Listing Details MLS# 7038392

General Property Information

Assoc Mgmt Co. Phone #
952-283-0644
Association Fee Frequency
Monthly
Association Mgmt Co. Name
Omega Property Management, Inc.
Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
Yes
Waterfront Present
No
Year Built
2023
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
2
Bath Three Quarters
Yes
Bath Half
Yes
Main Floor Total SqFt
868
Above Grd Total SqFt
2007
Below Grd Total SqFt
862
Total SqFt
2869
Total Finished Sqft
2751.00
FireplaceYN
Yes
Style
(SF) Single Family
Foundation Size
861
Association Fee
43
Garage Stalls
3
Lot Dimensions
59x133x76x130
Acres
0.2
Assessment Pending
No
Bath Quarter
0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: In-Ground Sprinkler; Kitchen Center Island; Primary Bedroom Walk-In Closet Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer; Other Association Fee Includes: Shared Amenities; Other Assumable Loan: Not Assumable Basement: Full Bath Description: Main Floor 1/2 Bath; Upper Level Full Bath; Full Primary; 3/4 Basement Construction Status: Previously Owned Dining Room Description: Informal Dining Room Electric: Circuit Breakers Existing Financing: Conventional Exterior: Cement Board Family Room Characteristics: Lower Level Fencing: None Financing Terms: Cash Fireplace Characteristics: Family Room; Gas Burning Fuel: Natural Gas Heating: Forced Air Laundry: Upper Level Lock Box Type: Combo Pool Description: None Road Frontage: City Street Roof: Age 8 Years or Less Sellers Terms: Cash; Conventional; FHA; VA; Other Sewer: City Sewer/Connected Special Search: 2nd Floor Laundry; 4 BR on One Level; Primary Bdr Suite Stories: Two Water: City Water/Connected

Contract Information

Exclusions
Playground Set, All Garage Shelves and Storage
Off Market Date
2026-04-08
Contingency
None
Closed Date
2026-05-04
Original List Price
714900
Sales Close Price
699000
ListPrice
714900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
10755
Street Name
40th
Street Suffix
Street
Street Direction Suffix
N
Postal City
Lake Elmo
County
Washington
State
MN
Zip Code
55042
Complex/Dev/Subdivision
Legacy/North Star 4th Add

Assessments

Tax With Assessments
3118
Assessment Balance
0

Building Information

Finished SqFt Above Ground
2007
Finished SqFt Below Ground
744

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
30x29
Garage Square Feet
817

Public Survey Info

Range#
21
Section#
11
Township#
29

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
Yes
Legal Description
BLOCK 2 LOT 6 SUBDIVISIONCD 3417 SUBDIVISIONNAME LEGACY AT NORTH STAR 4TH ADDITION
Listing City
Lake Elmo
Map Page
96
Municipality
Lake Elmo
School District
Stillwater
School District Phone
651-351-8301
Zip Plus 4
2225
Property ID Number
1102921430043
Tax Year
2025
Tax Amount
3118
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Welcome to 10755 40th St N in beautiful Lake Elmo—a stunning, newer-construction home built by Hanson Builders in 2023 that perfectly blends modern design, thoughtful upgrades, and everyday functionality. Step inside to an inviting foyer that sets the tone for the rest of the home—bright, open, and effortlessly elegant. The main level showcases a seamless, open-concept layout designed for both comfortable living and entertaining, highlighted by sensational natural light pouring in from every angle. Fantastic ceiling height! A well-designed mudroom with great storage adds everyday convenience and functionality. The kitchen is a true showpiece, complete with trendy cabinetry, HanStone quartz countertops, a fantastic center island, and a conveniently located pantry—flowing beautifully into the living and dining spaces.At the heart of the home, a striking floor-to-ceiling stone gas fireplace with custom built-ins and shelving creates a warm yet refined focal point. Thoughtful upgrades like rift white oak finishes, engineered hardwood flooring, and arched walkways elevate the home’s overall design aesthetic. A fresh and stylish main-level bathroom adds both convenience and charm.Upstairs, you’ll find four generously sized bedrooms, including a sensational primary suite designed as a true retreat—featuring a tasteful, spa-like bathroom and a spacious walk-in closet. The upper-level laundry room, ideally located just off the primary bedroom, offers exceptional convenience. The lower level expands your living space with a large family room and a versatile fifth bedroom—perfect as a guest room, home office, gym, or game room. The possibilities are endless. Outside, enjoy a large, grassy yard framed by two white pines and two Autumn Blaze maples. The oversized three-stall garage provides ample storage and space for all your needs. Additional upgrades include a whole-home water filtration system and reverse osmosis. Enjoy incredible shared neighborhood amenities, including an in-ground heated pool, clubhouse, basketball court, playground, bonfire pit, and walkable to Downtown Lake Elmo - next to Sunfish Lake. This is a rare opportunity to own a nearly new, thoughtfully upgraded home in one of Lake Elmo’s most desirable communities—where style, space, and function come together effortlessly.
Directions
Going south on Lake Elmo Ave N, West on 41st St N, Right on 40th St N. Home will be on the south side of the street.

Accessible

None
Yes

Air Conditioning

Central Air
Yes

Amenities Unit

In-Ground Sprinkler
Yes
Kitchen Center Island
Yes
Primary Bedroom Walk-In Closet
Yes

Appliances

Dishwasher
Yes
Dryer
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes
Other
Yes

Association Fee Includes

Shared Amenities
Yes
Other
Yes

Assumable Loan

Not Assumable
Yes

Basement

Full
Yes

Bath Description

Main Floor 1/2 Bath
Yes
Upper Level Full Bath
Yes
Full Primary
Yes
3/4 Basement
Yes

Construction Status

Previously Owned
Yes

Dining Room Description

Informal Dining Room
Yes

Electric

Circuit Breakers
Yes

Existing Financing

Conventional
Yes

Exterior

Cement Board
Yes

Family Room Characteristics

Lower Level
Yes

Fencing

None
Yes

Financing Terms

Cash
Yes

Fireplace Characteristics

Family Room
Yes
Gas Burning
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Insurance Fee

Insurance Fee
0

Laundry

Upper Level
Yes

Lock Box Type

Combo
Yes

Patio, Porch and Deck Features

Front Porch
Yes

Pool Description

None
Yes

Road Frontage

City Street
Yes

Roof

Age 8 Years or Less
Yes

Sellers Terms

Cash
Yes
Conventional
Yes
FHA
Yes
Other
Yes
VA
Yes

Sewer

City Sewer/Connected
Yes

Special Search

2nd Floor Laundry
Yes
4 BR on One Level
Yes
Primary Bdr Suite
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

Room Information

Dining Room Dimensions: 12.6 x 7.6 Level: Main Family Room Dimensions: 18x24 Level: Lower Fifth (5th) Bedroom Dimensions: 10x12 Level: Upper First (1st) Bedroom Dimensions: 12x14 Level: Upper Fourth (4th) Bedroom Dimensions: 12x10 Level: Upper Kitchen Dimensions: 15x12 Level: Main Living Room Dimensions: 15x14 Level: Main Second (2nd) Bedroom Dimensions: 11x11 Level: Upper Third (3rd) Bedroom Dimensions: 11x12 Level: Upper
Listing Office: Isaacson Brothers
IDX
Last Updated: May - 05 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.