8736 Lake Riley Drive, Chanhassen, MN 55317

$875,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 3,670 Lot Size (sq. ft.): 3,485 Status: Active
Current Price: $875,000 List Date: 4/09/2026 Last Modified: 5/05/2026

Overview

Description

Location. Location. Location. Don't miss this highly sought-after lakeside property offering main-level living at its finest- and a Lake Riley lifestyle to match. This beautifully updated 3BD/3BA townhome checks every box for the buyer ready to right-size without compromise. The open main level is light and bright, featuring a stunning kitchen, spacious family room, sun-drenched sunroom, private office, large mudroom, and dedicated laundry room that make daily life a breeze. The generous main-floor primary suite offers a private bath with separate tub and shower, plus his-and-her closets. Recent upgrades include brand-new wide-plank oak hardwood floors, new carpet throughout, and fresh interior paint - truly move-in ready. The walk-out lower level adds two additional bedrooms, a full bath, a large family room, and an impressive rec space with generous storage - an often-overlooked necessity, and this one delivers. The Lakeside community is one of the most coveted addresses in the area, with residents enjoying all the benefits of Lake Riley living: deeded lake access, dock and pontoon use, stunning community room, business center, fitness center, and a beautiful pool. Step outside and you're moments from Riley Lake Park - a beloved destination offering a sandy beach with lifeguarded swim area, sand volleyball courts, a playground, picnic shelters, a fishing pier, a public boat launch, basketball courts, and tennis and pickleball courts. The park connects directly to the Minnesota River Bluff LRT Regional Trail- a premier regional trail system perfect for walking, running, and biking year-round. The location couldn't be more convenient: quick access to Hwy 212 puts downtown Minneapolis and MSP International Airport within easy reach. Everyday essentials are minutes away, with Cub Foods, Lunds & Byerlys, Lakewinds Food Co-op, ALDI, and Target all close by, plus an abundance of dining, shopping, and services throughout Chanhassen and the surrounding southwest metro. The next chapter starts here.

Listing Details MLS# 7039537

General Property Information

Assoc Mgmt Co. Phone #
952-922-5575
Association Fee Frequency
Monthly
Association Mgmt Co. Name
Gassen
Common Wall
Yes
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
Yes
Waterfront Present
No
Year Built
2013
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
2
Bath Half
Yes
Main Floor Total SqFt
1913
Above Grd Total SqFt
1913
Below Grd Total SqFt
1757
Total SqFt
3670
Total Finished Sqft
3134.00
FireplaceYN
Yes
Lake/Waterfront Name
Riley
Style
(TH) Side x Side
Foundation Size
1757
Association Fee
732
Garage Stalls
2
Lot Dimensions
38x104x38x104
Acres
0.08
Assessment Pending
No
Bath Three Quarters
0
Bath Quarter
0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Shared: Beach; Dock; Other Amenities Unit: Ceiling Fan(s); Deck; French Doors; Hardwood Floors; In-Ground Sprinkler; Kitchen Center Island; Main Floor Primary Bedroom; Paneled Doors; Patio; Porch; Primary Bedroom Walk-In Closet; Sun Room; Walk-In Closet; Washer/Dryer Hookup Appliances: Cooktop; Dishwasher; Disposal; Dryer; Microwave; Refrigerator; Washer Association Fee Includes: Beach Access; Dock; Hazard Insurance; Lawn Care; Outside Maintenance; Professional Mgmt; Sanitation; Shared Amenities; Snow Removal; Other Assumable Loan: Not Assumable Basement: Sump Pump Bath Description: Double Sink; His and Her Closets; Main Floor 1/2 Bath; Full Primary; Private Primary; Full Basement; Separate Tub & Shower; Walk-In Shower Stall Construction Status: Previously Owned Dining Room Description: Informal Dining Room Existing Financing: Conventional Exterior: Brick/Stone; Cement Board Family Room Characteristics: 2 or More Fireplace Characteristics: Family Room; Gas Burning Fuel: Natural Gas Heating: Forced Air Laundry: Laundry Room; Main Level Lock Box Type: Combo Lot Description: Tree Coverage - Light Parking Characteristics: Garage Door Opener Pool Description: Below Ground; Shared Road Frontage: Curbs; Paved Streets; Sidewalks; Street Lights Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Shared Rooms: Amusement/Party Room; Business Center; Club House; Community Room; Exercise Room; Other Special Search: Main Floor Bedroom; Main Floor Laundry; Main Floor Primary Stories: One Townhouse Characteristics: Single-Level Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
899900
ListPrice
875000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
8736
Street Name
Lake Riley
Street Suffix
Drive
Postal City
Chanhassen
County
Carver
State
MN
Zip Code
55317
Complex/Dev/Subdivision
Lakeside Second Add

Assessments

Tax With Assessments
8164
Assessment Balance
0

Building Information

Finished SqFt Above Ground
1913
Finished SqFt Below Ground
1221

More Information

Lake Details

Lake Acres
296
Lake Depth
49

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
572
Garage Door Opener
Yes

Public Survey Info

Range#
23
Section#
24
Township#
116

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
Yes
Legal Description
SUBDIVISIONNAME LAKESIDE SECOND ADDITION LOT 002 BLOCK 009 SUBDIVISIONCD 25425 SECTION 24 TOWNSHIP 116 RANGE 023
Listing City
Chanhassen
Map Page
132
Municipality
Chanhassen
School District
Eastern Carver County Schools
School District Phone
952-556-6100
DNR Lake ID#
10000200
DNR Lake Classification
Recreational Development
Zip Plus 4
4562
Property ID Number
254250190
Tax Year
2025
Tax Amount
8164
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Location. Location. Location. Don't miss this highly sought-after lakeside property offering main-level living at its finest- and a Lake Riley lifestyle to match. This beautifully updated 3BD/3BA townhome checks every box for the buyer ready to right-size without compromise. The open main level is light and bright, featuring a stunning kitchen, spacious family room, sun-drenched sunroom, private office, large mudroom, and dedicated laundry room that make daily life a breeze. The generous main-floor primary suite offers a private bath with separate tub and shower, plus his-and-her closets. Recent upgrades include brand-new wide-plank oak hardwood floors, new carpet throughout, and fresh interior paint - truly move-in ready. The walk-out lower level adds two additional bedrooms, a full bath, a large family room, and an impressive rec space with generous storage - an often-overlooked necessity, and this one delivers. The Lakeside community is one of the most coveted addresses in the area, with residents enjoying all the benefits of Lake Riley living: deeded lake access, dock and pontoon use, stunning community room, business center, fitness center, and a beautiful pool. Step outside and you're moments from Riley Lake Park - a beloved destination offering a sandy beach with lifeguarded swim area, sand volleyball courts, a playground, picnic shelters, a fishing pier, a public boat launch, basketball courts, and tennis and pickleball courts. The park connects directly to the Minnesota River Bluff LRT Regional Trail- a premier regional trail system perfect for walking, running, and biking year-round. The location couldn't be more convenient: quick access to Hwy 212 puts downtown Minneapolis and MSP International Airport within easy reach. Everyday essentials are minutes away, with Cub Foods, Lunds & Byerlys, Lakewinds Food Co-op, ALDI, and Target all close by, plus an abundance of dining, shopping, and services throughout Chanhassen and the surrounding southwest metro. The next chapter starts here.
Directions
Hwy 212 W to 101 S to Lyman Blvd east to Lake Riley Dr to home.

Accessible

None
Yes

Air Conditioning

Central Air
Yes

Amenities Shared

Beach
Yes
Dock
Yes
Other
Yes

Amenities Unit

Ceiling Fan(s)
Yes
Deck
Yes
French Doors
Yes
Hardwood Floors
Yes
In-Ground Sprinkler
Yes
Kitchen Center Island
Yes
Main Floor Primary Bedroom
Yes
Paneled Doors
Yes
Patio
Yes
Porch
Yes
Primary Bedroom Walk-In Closet
Yes
Sun Room
Yes
Walk-In Closet
Yes
Washer/Dryer Hookup
Yes

Appliances

Cooktop
Yes
Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes

Association Fee Includes

Beach Access
Yes
Dock
Yes
Hazard Insurance
Yes
Lawn Care
Yes
Outside Maintenance
Yes
Professional Mgmt
Yes
Sanitation
Yes
Shared Amenities
Yes
Snow Removal
Yes
Other
Yes

Assumable Loan

Not Assumable
Yes

Basement

Sump Pump
Yes

Bath Description

Double Sink
Yes
His and Her Closets
Yes
Main Floor 1/2 Bath
Yes
Full Primary
Yes
Private Primary
Yes
Full Basement
Yes
Separate Tub & Shower
Yes
Walk-In Shower Stall
Yes

Construction Status

Previously Owned
Yes

Dining Room Description

Informal Dining Room
Yes

Existing Financing

Conventional
Yes

Exterior

Brick/Stone
Yes
Cement Board
Yes

Family Room Characteristics

2 or More
Yes

Fireplace Characteristics

Family Room
Yes
Gas Burning
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Insurance Fee

Insurance Fee
0

Lake/Waterfront

Association Access
Yes
Deeded Access
Yes
Shared
Yes

Laundry

Laundry Room
Yes
Main Level
Yes

Lock Box Type

Combo
Yes

Lot Description

Tree Coverage - Light
Yes

Patio, Porch and Deck Features

Front Porch
Yes

Pool Description

Below Ground
Yes
Shared
Yes

Restriction/Covenants

Mandatory Owners Assoc
Yes
Pets - Cats Allowed
Yes
Pets - Dogs Allowed
Yes
Pets - Number Limit
Yes

Road Frontage

Curbs
Yes
Paved Streets
Yes
Sidewalks
Yes
Street Lights
Yes

Sellers Terms

Cash
Yes
Conventional
Yes

Sewer

City Sewer/Connected
Yes

Shared Rooms

Amusement/Party Room
Yes
Business Center
Yes
Club House
Yes
Community Room
Yes
Exercise Room
Yes
Other
Yes

Special Search

Main Floor Bedroom
Yes
Main Floor Laundry
Yes
Main Floor Primary
Yes

Stories

One
Yes

Townhouse Characteristics

Single-Level
Yes

Water

City Water/Connected
Yes

Room Information

Dining Room Dimensions: 14x11 Level: Main Family Room Dimensions: 26x16 Level: Lower First (1st) Bedroom Dimensions: 19x15 Level: Main Game Room Dimensions: 17x10 Level: Lower Kitchen Dimensions: 16x15 Level: Main Living Room Dimensions: 17x17 Level: Main Office Dimensions: 14x11 Level: Main Second (2nd) Bedroom Dimensions: 15x13 Level: Lower Third (3rd) Bedroom Dimensions: 13x11 Level: Lower
Listing Office: Edina Realty, Inc.
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.