5515 Timber Lane, MN 55331

$2,750,000
Property Type: Land Lot Size (sq. ft.): 27,443 Status: Closed
Current Price: $2,750,000 List Date: 6/28/2024 Last Modified: 6/04/2025

Overview

Description

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.

Listing Details MLS# 6450837

General Property Information

Comp Sale YN
No
Development
No
Lot Measurement
Acres
Multiple PIDs?
No
Plat Recorded
Yes
Road Btwn WF & Home?
No
Waterfront Frontage
150
Waterfront Present
Yes
Yearly/Seasonal
Yearly
Zoning
Shoreline, Residential-Single Family
Lot Dimensions
152x330x150x168
Acres
0.63
Lake/Waterfront Name
Minnetonka
Assessment Pending
Unknown
Association Fee
0

Property Features

Available Utilities: Cable Connected; Natural Gas Available; Natural Gas Connected; Phone Available; Private Well Connected; Sewer Available; Sewer Connected Development Status: Finished Lot(s) Elevation Highpoint to Waterfront Slope: Gradual Financing Terms: Cash Improvements: Paved Streets; Public Road; Storm Sewer Internet Options: Cable; DSL Lake Details: Gravel; Sand; Soft Land Inclusions: Boat Slip; Deck; Dock; Survey Lock Box Type: None Lot Description: Accessible Shoreline; Public Transit (w/in 6 blks); Tree Coverage - Medium Road Frontage: City Street Road Responsibility: Public Maintained Road Surface Water: Lake Topography: Wooded; Level; Sloped Waterfront View: Bay; Lake

Contract Information

Digitally Altered Photos
No
Off Market Date
2024-06-28
Contingency
None
Closed Date
2024-06-21
Original List Price
2495000
Sales Close Price
2750000
ListPrice
2495000
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
5515
Street Name
Timber Lane
County
Hennepin
State
MN
Zip Code
55331
Complex/Dev/Subdivision
Timber Lane

Assessments

Tax With Assessments
18791
Assessment Balance
0

Builder Information

Builder Restrictions
Open

More Information

Elevation Highpoint to Waterfront Feet

Elevation Highpoint Waterfront Feet
0-4

Lake Details

Lake Acres
14205
Lake Depth
113
Gravel
Yes
Sand
Yes
Soft
Yes

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Public Survey Info

Range#
23
Section#
34
Township#
117

Office/Member Info

Association
MAAR
MLSID
RMLS

Location, Tax and Other Information

AssocFeeYN
No
Map Page
117
Municipality
Shorewood
Rental License?
No
School District
Minnetonka
School District Phone
952-401-5000
DNR Lake ID#
27013300
DNR Lake Classification
General Development
Lake Chain
N
Zip Plus 4
1710
Property ID Number
TBD
Tax Year
2023
Tax Amount
18791
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
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.
Directions
County Road 19 - just west of Excelsior to Timber Lane, North to home on left

Development Status

Finished Lot(s)
Yes

Elevation Highpoint to Waterfront Slope

Gradual
Yes

Financing Terms

Cash
Yes

Insurance Fee

Insurance Fee
0

Internet Options

Cable
Yes
DSL
Yes

Lake/Waterfront

Lake Front
Yes

Lock Box Type

None
Yes

Lot Description

Accessible Shoreline
Yes
Public Transit (w/in 6 blks)
Yes
Tree Coverage - Medium
Yes

Restriction/Covenants

Easements
Yes

Road Frontage

City Street
Yes

Road Responsibility

Public Maintained Road
Yes

Topography

Wooded
Yes
Level
Yes
Sloped
Yes

Waterfront View

Bay
Yes
Lake
Yes

Available Utilities

Cable Connected
Yes
Natural Gas Available
Yes
Natural Gas Connected
Yes
Phone Available
Yes
Private Well Connected
Yes
Sewer Available
Yes
Sewer Connected
Yes

Improvements

Paved Streets
Yes
Public Road
Yes
Storm Sewer
Yes

Land Inclusions

Boat Slip
Yes
Deck
Yes
Dock
Yes
Survey
Yes

Surface Water

Lake
Yes
Listing Office: Edina Realty, Inc.
IDX
Last Updated: June - 04 - 2025
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.