#6596988, Listing office: RE/MAX Advantage Plus
$719,000 List price
5338 Highland Rd Minnetonka, MN 55345
Land
Property details
About 5338 Highland Rd
Discover a rare gem – a sprawling 2+ acre estate offering unparalleled privacy and tranquility, now available for the first time in over 50 years. Nestled amidst mature trees and vibrant gardens teeming with wildlife, this south-facing building site boasts breathtaking elevated views, with nearby 15-acre Wing Lake and a serene ambiance. The existing home is a teardown, presenting a blank slate for your vision, complemented by two outbuildings: a 24x22 two-car garage and a charming 25x16 barn featuring a second-floor studio. A long, private driveway ensures seclusion, while the convenient location places you just moments from premier shopping and dining, and within 20 minutes of both downtown and the international airport. As the saying goes, it’s always the land and never the bricks and mortar that determine its value – and this extraordinary parcel proves it. This is a once-in-a-lifetime opportunity to create your dream retreat on a truly exceptional canvas.
Highlights
Home typeOther
StatusActive
MLS #6675447
WaterfrontLake
ViewLake, Other
Summary
- Waterfront: Lake
- View: Lake, Other
- List Price: $719,000
- HOA Amount: $0
- Annual Tax Amount: $4,146
- Tax Year: 2023
- Lot: Irregular Lot, Many Trees, Underground Utilities
- Directions: Hwy 7 East from 101 to Highland south to property.
- MLS Number: 6675447
- MLS Name: NORTHSTAR
- Office Name: Coldwell Banker Realty
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$719,000
5338 Highland Rd
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $355,800 | $4,146 |
| 2022 | $350,100 | $4,029 |
| 2021 | $301,800 | $3,674 |
| 2020 | $384,500 | $4,737 |
| 2019 | $380,993 | $4,989 |
| 2018 | $368,240 | $4,781 |
| 2017 | $356,359 | $4,803 |
History based on county public records data.
Nearby schools
3
Gatewood Elementary
Public District KG-6
0.8 mi
•14900 Gatewood Dr
9
Scenic Heights Elementary
Public District KG-5
0.9 mi
•5650 Scenic Heights Dr
7
Glen Lake Elementary
Public District KG-6
1.1 mi
•4801 Woodridge Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $117,803. Typical income of Minnetonka, MN residents is between $100k-200k annually. Typical family type is married, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
17%
<35k
27%
35k-100k
29%
100k-200k
27%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
20%
Single, No Kids
5%
Single, with Kids
44%
Married, No Kids
31%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
11%
12-17 yrs old
10%
18-34 yrs old
53%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Skiing/snowboarding
Men's Tennis- Tennis
Where do the neighbors shop?
Nordstrom
Bloomingdales
Brooks Brothers
Where do the neighbors go to eat?
California Pizza Kitchen
Bonefish Grill
Qdoba
What do the neighbors drive?
BMW
Lexus
Acura
What do the neighbors listen to?
Talk/Personality
News
Sports
All data provided by Home Junction and Claritas
Similar homes for sale
Frequently asked questions
About 5338 Highland Rd
The listing price of 5338 Highland Rd property is $719,000.
The property 5338 Highland Rd is land located in Minnetonka, Minnesota, 55345.
Active Listing: 5338 Highland Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5338 Highland Rd are: Gatewood Elementary (GreatSchools Rating 3/10), Scenic Heights Elementary (GreatSchools Rating 9/10), Glen Lake Elementary (GreatSchools Rating 7/10), Minnetonka Middle School East (GreatSchools Rating 9/10), Central Middle School (GreatSchools Rating 5/10), West Middle School (GreatSchools Rating 8/10), Minnetonka High School (GreatSchools Rating 10/10), Hopkins West Junior High (GreatSchools Rating 5/10), Eden Prairie High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2023 is $4,146 (source: MLS/based on county public records data).
This home is located at 5338 Highland Rd in Minnetonka, MN and zip code 55345. Features: 0 bathroom. It has been listed on Rocket Homes since March 27, 2025 and is currently priced at $719,000.
While more than 30 listings in Minnetonka, MN in May 2025 were sold above asking price, there were more than 15 listings sold at asking price, and more than 30 were sold below. In May 2025 in Minnetonka, MN there were 22.4% more homes for sale than in April. In May 2025 median list price was $508,666 and the average listing age was 35 days.
From Rocket Homes Real Estate and based on county public records data.