$549,900

3400 Rainbow Dr Minnetonka, MN 55345

$6,530
Closing credit¹
3 beds
1 full
1,898 sqft
$290 / sqft
House

Property details

Highlights

Home typeSingle Family Residence
HeatingForced Air
StatusComing Soon
CoolingCentral Air
Size1,898 sqft
BasementYes
Year built1985
ParkingAttached Garage, Covered, Asphalt, Insulated Garage, Tuckunder Garage
MLS #6718813
Attached garage2 spaces
FireplaceBrick, Family Room, Living Room, Wood Burning
Active DateMay 16, 2025

Summary

  • Full Bathrooms: 1
  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Basement: Yes
  • Fireplace: Brick, Family Room, Living Room, Wood Burning
  • Total Bedroom Count: 3
  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Covered, Asphalt, Insulated Garage, Tuckunder Garage
  • Heating: Forced Air
  • Cooling: Central Air
  • List Price: $549,900
  • Price/SqFt: $289
  • Annual Tax Amount: $5,474
  • Tax Year: 2023
  • Lot: Corner Lot, Many Trees
  • Directions: Minnetonka Blvd to Rainbow Drive to home
  • Year Built: 1985
  • Living Area: 1,898 SqFt
  • MLS Number: 6718813
  • MLS Name: NORTHSTAR
  • Office Name: Compass

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Get an agent. Get a mortgage. Save big.¹

split foyer home featuring driveway, a chimney, brick siding, and a garage

$549,900

3400 Rainbow Dr

$6,530

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2023$437,600$5,474
2022$437,600$5,514
2021$372,200$5,092
2020$344,300$4,668
2019$318,754$4,604
2018$297,172$4,320
2017$273,846$4,006

History based on county public records data.

Nearby schools

10

Groveland Elementary

Public District KG-5

0.1 mi

17310 Minnetonka Blvd

8

Deephaven Elementary

Public District KG-5

1.8 mi

4452 Vinehill Rd

7

Glen Lake Elementary

Public District KG-6

2.7 mi

4801 Woodridge Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $130,392. The majority of Minnetonka, MN residents have income between $100k-200k annually. The most common type of family is married, no kids. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

11%
<35k
23%
35k-100k
53%
100k-200k
13%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

21%
Single, No Kids
4%
Single, with Kids
43%
Married, No Kids
32%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

14%
<11 yrs old
10%
12-17 yrs old
10%
18-34 yrs old
54%
35-64 yrs old
12%
65+ yrs old

What do the neighbors do for fun?

  • Skiing/snowboardingSkiing/snowboarding
  • Hiking/backpackingHiking/backpacking
  • SoccerSoccer

Where do the neighbors shop?

  • NordstromNordstrom
  • Nordstrom RackNordstrom Rack
  • The Container StoreThe Container Store

Where do the neighbors go to eat?

  • California Pizza KitchenCalifornia Pizza Kitchen
  • ChipotleChipotle
  • StarbucksStarbucks

What do the neighbors drive?

  • BMWBMW
  • MazdaMazda
  • CadillacCadillac

What do the neighbors listen to?

  • Talk/PersonalityTalk/Personality
  • RockRock
  • AlternativeAlternative
All data provided by Home Junction and Claritas

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Frequently asked questions

About 3400 Rainbow Dr

The listing price of 3400 Rainbow Dr property is $549,900.

The property 3400 Rainbow Dr is a house located in Minnetonka, Minnesota, 55345.

Coming Soon: 3400 Rainbow Dr is Coming Soon. This listing has not previously been on the market, but will be on the market soon (no showings are allowed yet). A listing contract has been executed.

The nearby schools for 3400 Rainbow Dr are: Groveland Elementary (GreatSchools Rating 10/10), Deephaven Elementary (GreatSchools Rating 8/10), Glen Lake Elementary (GreatSchools Rating 7/10), Minnetonka Middle School East (GreatSchools Rating 9/10), West Middle School (GreatSchools Rating 8/10), Central Middle School (GreatSchools Rating 7/10), Minnetonka High School (GreatSchools Rating 10/10), Hopkins West Junior High (GreatSchools Rating 5/10), Ubah Medical Academy Charter School (GreatSchools Rating 5/10).

According to the records, the last property tax for 2023 is $5,474 (source: MLS/based on county public records data).

The property at 3400 Rainbow Dr has 3 bedrooms and 2 bathrooms.

The property 3400 Rainbow Dr is 1,898 SqFt (source: MLS/tax record).

The year of construction for 3400 Rainbow Dr is 1985.

This home is located at 3400 Rainbow Dr in Minnetonka, MN and zip code 55345. This 1,898 square foot home was built in 1985. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 10, 2025 and is currently priced at $549,900.

While more than 31 listings in Minnetonka, MN in April 2025 were sold above asking price, there were more than 13 listings sold at asking price, and more than 27 were sold below. The inventory of homes for sale in Minnetonka, MN between March and April 2025 increased by 21.8%. The median list price of listings available in April 2025 was $511,500, while the average time on the real estate market was 34 days.

From Rocket Homes Real Estate and based on county public records data.

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