5515 Timber Lane, MN 55331 (MLS# 6450837)

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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 YN: Yes
Yearly/Seasonal: Yearly
Zoning: Shoreline, Residential-Single Family
Lot Dimensions: 152x330x150x168
Acres: 0.63
Lake/Waterfront Name: Minnetonka
Assessment Pending: Unknown

Property Features

Available Utilities: Cable Connected; Natural Gas Available; Natural Gas Connected; Other; 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

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

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: Yes

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 23
Section#: 34
Township#: 117

Listing Office: Edina Realty, Inc.

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. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.