4940 Suburban Drive, Excelsior, MN 55331

New Listing
$1,699,000
Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 3,781 Lot Size (sq. ft.): 29,185 Status: Coming Soon
Current Price: $1,699,000 List Date: 7/05/2026 Last Modified: 7/06/2026

Overview

Description

Welcome to 4940 Suburban Drive, a beautifully maintained one-owner home nestled on a .67 acre lot in the heart of Deephaven. Offering the perfect blend of comfort, charm, and privacy, this exceptional property is your own private oasis. The meticulously landscaped grounds feature a professionally manicured lawn, mature trees, and a sparkling in-ground pool, creating an ideal setting for relaxing or entertaining all summer long. Car enthusiasts and hobbyists will appreciate the oversized two-car garage, complete with heating, air conditioning, epoxy floors, and premium built-in cabinetry for year-round comfort and organization. Inside, the open-concept kitchen is designed for gathering, showcasing high-end cabinetry and a stunning walnut center island that serves as the heart of the home. The spacious layout flows effortlessly into the main living areas, making it perfect for everyday living and entertaining. Upstairs, you'll find three bedrooms on the same level, including a spacio ...

Listing Details MLS# 7104029

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
2
Waterfront YN
No
Year Built
2000
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
2
Bath Three Quarters
Yes
Bath Half
Yes
Main Floor Total SqFt
1400
Above Grd Total SqFt
2381
Below Grd Total SqFt
1400
Total SqFt
3781
Total Finished Sqft
3508.00
FireplaceYN
Yes
Style
(SF) Single Family
Foundation Size
2024
Garage Stalls
2
Lot Dimensions
197x146x195x150
Acres
0.67
Assessment Pending
No
Bath Quarter
0
Association Fee
0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Ceiling Fan(s); Deck; In-Ground Sprinkler; Kitchen Center Island; Kitchen Window; Natural Woodwork; Patio; Porch; Primary Bedroom Walk-In Closet; Vaulted Ceiling(s); Walk-In Closet; Wet Bar Appliances: Air-To-Air Exchanger; Cooktop; Dishwasher; Double Oven; Dryer; Microwave; Range; Refrigerator; Washer; Water Filtration System Assumable Loan: Not Assumable Basement: Tile Shower Bath Description: Main Floor 1/2 Bath; Upper Level Full Bath; Full Primary; 3/4 Basement; Bathroom Ensuite Construction Materials: Concrete Construction Status: Previously Owned Dining Room Description: Informal Dining Room; Kitchen/Dining Room Electric: Circuit Breakers Exterior: Wood Family Room Characteristics: Family Room; Main Level Fencing: Invisible Fireplace Characteristics: Gas Burning; Stone Foundation: Poured Concrete Fuel: Natural Gas Heating: Forced Air; In-Floor Heating Lot Description: Corner Lot; Tree Coverage - Medium Parking Characteristics: Finished Garage; Heated Garage; Insulated Garage Pool Description: Below Ground; Heated Road Frontage: Paved Streets Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Asphalt Shingles Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Special Search: 3 BR on One Level; Main Floor Laundry; Primary Bdr Suite Stories: Two Water: Drilled; Well

Contract Information

Contingency
None
Original List Price
1699000
ListPrice
1699000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
4940
Street Name
Suburban
Street Suffix
Drive
Postal City
Excelsior
County
Hennepin
State
MN
Zip Code
55331
Complex/Dev/Subdivision
Minnetonka Manor

Assessments

Tax With Assessments
10520
Assessment Balance
0

Basement

Foundation Dimensions
44x46
Tile Shower
Yes

More Information

Building Information

Finished SqFt Above Ground
2381
Finished SqFt Below Ground
1127

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
28x33
Garage Door Height
8
Garage Square Feet
924
Finished Garage
Yes
Heated Garage
Yes
Insulated Garage
Yes

Public Survey Info

Range#
23
Section#
25
Township#
117

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
BLOCK 004 MINNETONKA MANOR LOTS 1 2 AND 3
Listing City
Excelsior
Map Page
118
Municipality
Shorewood
School District
Minnetonka
School District Phone
952-401-5000
Zip Plus 4
8666
Property ID Number
2511723230018
Tax Year
2025
Tax Amount
10520
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Welcome to 4940 Suburban Drive, a beautifully maintained one-owner home nestled on a .67 acre lot in the heart of Deephaven. Offering the perfect blend of comfort, charm, and privacy, this exceptional property is your own private oasis. The meticulously landscaped grounds feature a professionally manicured lawn, mature trees, and a sparkling in-ground pool, creating an ideal setting for relaxing or entertaining all summer long. Car enthusiasts and hobbyists will appreciate the oversized two-car garage, complete with heating, air conditioning, epoxy floors, and premium built-in cabinetry for year-round comfort and organization. Inside, the open-concept kitchen is designed for gathering, showcasing high-end cabinetry and a stunning walnut center island that serves as the heart of the home. The spacious layout flows effortlessly into the main living areas, making it perfect for everyday living and entertaining. Upstairs, you'll find three bedrooms on the same level, including a spacious primary suite with a walk-in closet featuring custom built-in cabinetry. The recently remodeled ensuite bath offers luxurious in-floor heat, a large soaking tub, and peaceful views of the beautifully landscaped backyard. The walkout lower level includes a full wet bar and kitchenette, making it the perfect space for entertaining guests or serving refreshments during poolside gatherings. Lovingly cared for by its original owner, this charming Deephaven home offers timeless appeal, thoughtful updates, and an unbeatable setting. Come experience everything 4940 Suburban Drive has to offer!
Directions
From 494 take highway 7 west to Vine Hill rd, Left on Excelsior Blvd, Right on St Albans Bay Rd, Right on Suburban Drive, Home on left.

Accessible

None
Yes

Air Conditioning

Central Air
Yes

Amenities Unit

Ceiling Fan(s)
Yes
Deck
Yes
In-Ground Sprinkler
Yes
Kitchen Center Island
Yes
Kitchen Window
Yes
Natural Woodwork
Yes
Patio
Yes
Porch
Yes
Primary Bedroom Walk-In Closet
Yes
Vaulted Ceiling(s)
Yes
Walk-In Closet
Yes
Wet Bar
Yes

Appliances

Air-To-Air Exchanger
Yes
Cooktop
Yes
Dishwasher
Yes
Double Oven
Yes
Dryer
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes
Water Filtration System
Yes

Assumable Loan

Not Assumable
Yes

Bath Description

Main Floor 1/2 Bath
Yes
Upper Level Full Bath
Yes
Full Primary
Yes
3/4 Basement
Yes
Bathroom Ensuite
Yes

Construction Materials

Concrete
Yes

Construction Status

Previously Owned
Yes

Dining Room Description

Informal Dining Room
Yes
Kitchen/Dining Room
Yes

Electric

Circuit Breakers
Yes

Exterior

Wood
Yes

Family Room Characteristics

Family Room
Yes
Main Level
Yes

Fencing

Invisible
Yes

Fireplace Characteristics

Gas Burning
Yes
Stone
Yes

Foundation

Poured Concrete
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes
In-Floor Heating
Yes

Insurance Fee

Insurance Fee
0

Lot Description

Corner Lot
Yes
Tree Coverage - Medium
Yes

Patio, Porch and Deck Features

Covered
Yes
Deck
Yes
Front Porch
Yes
Patio
Yes
Porch
Yes
Rear Porch
Yes
Screened
Yes

Pool Description

Below Ground
Yes
Heated
Yes

Road Frontage

Paved Streets
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age 8 Years or Less
Yes
Asphalt Shingles
Yes

Sellers Terms

Cash
Yes
Conventional
Yes
FHA
Yes
VA
Yes

Sewer

City Sewer/Connected
Yes

Special Search

3 BR on One Level
Yes
Main Floor Laundry
Yes
Primary Bdr Suite
Yes

Stories

Two
Yes

Water

Drilled
Yes
Well
Yes

Room Information

Room Name Dimensions Level
Bar/Wet Bar Room 29x16.2 Lower
Dining Room 12.8x16.11 Main
Family Room 25.10x16.9 Lower
First (1st) Bedroom 16x14.5 Upper
Fourth (4th) Bedroom 10.1x16.8 Lower
Kitchen 14x19.9 Main
Laundry 10.2x10.4 Main
Living Room 29x16.9 Main
Mud Room 10x12.4 Main
Screened Porch 9.5x17.1 Main
Second (2nd) Bedroom 12.10x11.5 Upper
Sitting Room 10.11x13.10 Main
Third (3rd) Bedroom 10.11x12.4 Upper

Documents

IDX
Listing Office: LPT Realty, LLC
Last Updated: July - 06 - 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.
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