$10,000 Closing Credit¹
#6690585, Listing office: Coldwell Banker Realty
$1,850,000 List price
577 Park Ln Orono, MN 55356
$10,000
Closing credit¹
5 beds
1 full, 1 partial
3,327 sqft
$556 / sqft
House
Property details
About 577 Park Ln
An Exceptional Opportunity on Lake Minnetonka in Sought After Orono Schools! Discover this rare, turn-key lakeside retreat on coveted North Arm Bay. Fully transformed in 2020, this move-in-ready home offers the ultimate Lake Minnetonka lifestyle with stunning southwest-facing sunset views and swimmable, deep-water dockage. Designed for modern living, the open, sun-filled layout features five generous bedrooms all on one level, 3.5 baths, and a convenient upper-level laundry. The heart of the home is an impressive chef’s kitchen with custom cabinetry, Bosch appliances, and quartz countertops. Every detail has been thoughtfully updated, including new mechanicals, maintenance-free siding, a heated 3-car garage with Epoxy floors, and a spacious concrete driveway with ample guest parking. The luxurious primary suite boasts vaulted ceilings, dual walk-in closets, a spa-like bath with a soaking tub, walk-in shower, and a private lakeside screen porch — the perfect place to take in evening sunsets. Enjoy 50 feet of premium lakeshore, a level yard at the water’s edge, deep-water dock, two screened porches for summer entertaining, and professionally landscaped grounds with custom Chilton stone steps leading to the water. Located within top-rated Orono Schools and just minutes from Bederwood Park, the Luce Line Trail, Orono Market, Long Lake eateries, and the boutique shops and restaurants of Wayzata. A truly rare opportunity at this price point — with a motivated seller! Schedule your private showing today and experience the best of Lake Minnetonka living.
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusActive
CoolingCentral Air
Size3,327 sqft
BasementYes
Year built2020
ParkingAttached Garage, Concrete, Garage Door Opener, Heated Garage
MLS #6744526
Attached garage3 spaces
WaterfrontDock, Lake Front, Lake
FireplaceGas, Living Room
ViewBay, Lake, Other
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 1
- Appliances: Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Gas Water Heater, Water Filtration System, Microwave, Refrigerator, Stainless Steel Appliances, Oven, Washer, Water Softener
- Basement: Yes
- Fireplace: Gas, Living Room
- Total Bedroom Count: 5
- Garage Space: 3 spaces
- Attached Garage: Yes
- Parking: Attached Garage, Concrete, Garage Door Opener, Heated Garage
- Waterfront: Dock, Lake Front, Lake
- View: Bay, Lake, Other
- Heating: Forced Air
- Cooling: Central Air
- List Price: $1,850,000
- Price/SqFt: $556
- HOA Amount: $0
- Annual Tax Amount: $14,014
- Tax Year: 2023
- Lot: Few Trees
- Directions: Tonkawa Rd to Elm to Park.
- Year Built: 2020
- Living Area: 3,327 SqFt
- MLS Number: 6744526
- MLS Name: NORTHSTAR
- Office Name: Coldwell Banker Realty
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$1,850,000
577 Park Ln
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 09, 2007 | Home Sold | $940,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $1,310,200 | $14,014 |
History based on county public records data.
Nearby schools
7
Orono Intermediate School
Public District 3-5
2.2 mi
•685 N Old Crystal Bay Rd
9
Hilltop Primary School
Public District PK-4
2.3 mi
•5700 Game Farm Rd E
7
Shirley Hills Primary School
Public District PK-4
2.8 mi
•2450 Wilshire Blvd
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 $93,750. Most Orono, MN residents have annual incomes between $35k-100k. Residents typically live in married, no kids family. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
17%
<35k
36%
35k-100k
22%
100k-200k
25%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
26%
Single, No Kids
7%
Single, with Kids
45%
Married, No Kids
22%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
9%
12-17 yrs old
10%
18-34 yrs old
53%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Skiing/snowboarding
PGA/LPGA
Figure Skating
Where do the neighbors shop?
BJs Wholesale Club
Stein Mart
Kmart
Where do the neighbors go to eat?
Panera
Cracker Barrel
Bob Evans
What do the neighbors drive?
Infiniti
Lexus
Lincoln
What do the neighbors listen to?
Adult Hits
Oldies
News/Talk/Information
All data provided by Home Junction and Claritas
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Frequently asked questions
About 577 Park Ln
The listing price of 577 Park Ln property is $1,850,000.
The property 577 Park Ln is a house located in Orono, Minnesota, 55356.
Active Listing: 577 Park Ln is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 577 Park Ln are: Orono Intermediate School (GreatSchools Rating 7/10), Hilltop Primary School (GreatSchools Rating 9/10), Shirley Hills Primary School (GreatSchools Rating 7/10), Orono Middle School (GreatSchools Rating 7/10), Grandview Middle School (GreatSchools Rating 8/10), West Middle School (GreatSchools Rating 8/10), Mound Westonka High School (GreatSchools Rating 9/10), Orono High School (GreatSchools Rating 9/10), Minnetonka High School (GreatSchools Rating 10/10).
According to the records, the last property tax for 2023 is $14,014 (source: MLS/based on county public records data).
The last sale was on August 9, 2007 for $940,000 (source: MLS/tax record).
The property at 577 Park Ln has 5 bedrooms and 1 full and 1 half bathrooms.
The property 577 Park Ln is 3,327 SqFt (source: MLS/tax record).
The year of construction for 577 Park Ln is 2020.
This home is located at 577 Park Ln in Orono, MN and zip code 55356 in the North Arm neighborhood. This 3,327 square foot home was built in 2020. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 26, 2025 and is currently priced at $1,850,000.
In May 2025, from all listings sold in Orono, MN there were more than 6 sold above asking price, over 10 sold below and more than 7 were sold right at the asked price. The inventory of homes for sale in Orono, MN between April and May 2025 increased by 17.9%. The median list price of listings available in May 2025 was $1,199,000, while the average time on the real estate market was 55 days.
From Rocket Homes Real Estate and based on county public records data.