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5421 Tracy Lynn Terrace, Minnetonka, MN 55345

New Listing

$699,900

Wow! Walk to Purgatory Park. Home is located on a quiet cul-de-sac road in the demand Minnetonka School District. Minutes from shopping, major roads and restaurants. Walk to to the high school.

Virtual Tour

https://www.zillow.com/view-imx/631dc4bb-2fae-45e3-9ae7-f89e8e00d0bd?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Beautiful corner lot. Plenty of room for yard games and pets.

The classic main living room with large front window that provides plenty of sunshine.

Well appointed kitchen. Loads of counter and custom cabinetry.

This home provides the open floor plan you are looking for.

The great room has it all from floor to ceiling windows, stone gas fireplace, hardwood floors and storage.

One of three bedrooms on the main level.

One of three bedrooms on the main level is currently used as a home office.

Plenty of room to spread out in the walk out lower level.

Loads of custom cabinetry in the lower level entering from the garage. The perfect spot for coats, boots and sports gear.

The lower level is flooded with natural light year round. The bar and walk out door to the backyard paver patio is great for hosting and entertaining.

No maintenance deck with stairs to the yard.

Let's talk about that outdoor space you are looking for. Charming paver patio landscaped with perennials, fire pit and shed to match the house!

Who doesn't love a shed to store all those garden tools?

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 3,292 Lot Size (sq. ft.): 20,038 Status: Coming Soon

Current Price: $699,900 List Date: 6/06/2026 Last Modified: 6/06/2026

Overview

Description

Location is a perfect 10! Nestled on a corner lot at the end of a quiet cul-de-sac, this exceptional home offers the best of both worlds—peaceful surroundings and incredible convenience. Enjoy walking distance to Purgatory Park, Minnetonka High School, and award-winning Minnetonka Schools. Lovingly maintained and thoughtfully updated by long-term owners, this home is truly move-in ready. The bright and inviting main level features beautiful hardwood floors, three bedrooms on one level, a private primary bath, and a stunning kitchen that opens to the spacious great room addition. Custom built-ins, a fireplace, and floor-to-ceiling windows create a warm and welcoming space with views of the private backyard. Step outside to the low-maintenance deck, perfect for grilling and entertaining. The walkout lower level is equally impressive, featuring a show-stopping amusement room with bar area, gas fireplace, fourth bedroom, and a ¾ bath. Custom cabinets make for the perfect spot for coats ... (Read more)

Listing Details MLS# 7086662

General Property Information

Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 2
Waterfront Present: No
Year Built: 1981
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: Yes
Bath Three Quarters: Yes
Bath Half: Yes
Main Floor Total SqFt: 1646
Above Grd Total SqFt: 1646
Below Grd Total SqFt: 1646
Total SqFt: 3292
Total Finished Sqft: 3026.00
FireplaceYN: Yes
Style: (SF) Single Family
Foundation Size: 1646
Garage Stalls: 2
Lot Dimensions: 158x36x120x77x17x13x124
Acres: 0.46
Assessment Pending: No
Bath Quarter: 0
Association Fee: 0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Deck; Hardwood Floors; Kitchen Center Island; Natural Woodwork; Patio; Tile Floors; Vaulted Ceiling(s); Washer/Dryer Hookup; Wet Bar Appliances: Dishwasher; Disposal; Dryer; Range; Refrigerator; Washer; Wine Cooler Bath Description: Main Floor Full Bath; Private Primary; 3/4 Basement Construction Status: Previously Owned Dining Room Description: Eat In Kitchen; Kitchen/Dining Room Exterior: Engineered Wood Family Room Characteristics: 2 Story/High/Vaulted Ceilings; Family Room; Great Room; Lower Level Fireplace Characteristics: Amusement Room; Family Room; Gas Burning; Living Room Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Laundry: Laundry Room; Lower Level Lock Box Type: Supra Lot Description: Corner Lot; Tree Coverage - Medium Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Special Search: 3 BR on One Level; Primary Bdr Suite Stories: Bi-Level Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 699900
ListPrice: 699900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 5421
Street Name: Tracy Lynn
Street Suffix: Terrace
Postal City: Minnetonka
County: Hennepin
State: MN
Zip Code: 55345
Complex/Dev/Subdivision: Tonka Court 2nd Add

Assessments

Tax With Assessments: 6232
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 1646
Finished SqFt Below Ground: 1380

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 22x22
Garage Square Feet: 484

Public Survey Info

Range#: 22
Section#: 31
Township#: 117

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

AssocFeeYN: No
Legal Description: LOT 008 BLOCK 001 TONKA COURT 2ND ADDN
Listing City: Minnetonka
Map Page: 118
Municipality: Minnetonka
School District: Minnetonka
School District Phone: 952-401-5000
Zip Plus 4: 4237
Property ID Number: 3111722110053
Tax Year: 2025
Tax Amount: 6232
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Location is a perfect 10! Nestled on a corner lot at the end of a quiet cul-de-sac, this exceptional home offers the best of both worlds—peaceful surroundings and incredible convenience. Enjoy walking distance to Purgatory Park, Minnetonka High School, and award-winning Minnetonka Schools. Lovingly maintained and thoughtfully updated by long-term owners, this home is truly move-in ready. The bright and inviting main level features beautiful hardwood floors, three bedrooms on one level, a private primary bath, and a stunning kitchen that opens to the spacious great room addition. Custom built-ins, a fireplace, and floor-to-ceiling windows create a warm and welcoming space with views of the private backyard. Step outside to the low-maintenance deck, perfect for grilling and entertaining. The walkout lower level is equally impressive, featuring a show-stopping amusement room with bar area, gas fireplace, fourth bedroom, and a ¾ bath. Custom cabinets make for the perfect spot for coats and sports gear. Outdoor living shines with a paver patio, fire pit, and beautifully landscaped yard. Just minutes from shopping, dining, and everyday conveniences, this is a rare opportunity to own a meticulously cared-for home in an unbeatable Minnetonka location. Be sure to review the seller's notes in the supplements.
Directions: 101 to Tracy Lynn follow to home on the left.

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Amenities Unit

Deck: Yes
Hardwood Floors: Yes
Kitchen Center Island: Yes
Natural Woodwork: Yes
Patio: Yes
Tile Floors: Yes
Vaulted Ceiling(s): Yes
Washer/Dryer Hookup: Yes
Wet Bar: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes
Wine Cooler: Yes

Bath Description

Main Floor Full Bath: Yes
Private Primary: Yes
3/4 Basement: Yes

Construction Status

Previously Owned: Yes

Dining Room Description

Eat In Kitchen: Yes
Kitchen/Dining Room: Yes

Exterior

Engineered Wood: Yes

Family Room Characteristics

2 Story/High/Vaulted Ceilings: Yes
Family Room: Yes
Great Room: Yes
Lower Level: Yes

Fireplace Characteristics

Amusement Room: Yes
Family Room: Yes
Gas Burning: Yes
Living Room: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Insurance Fee

Insurance Fee: 0

Laundry

Laundry Room: Yes
Lower Level: Yes

Lock Box Type

Supra: Yes

Lot Description

Corner Lot: Yes
Tree Coverage - Medium: Yes

Patio, Porch and Deck Features

Composite Decking: Yes
Patio: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Sewer

City Sewer/Connected: Yes

Special Search

3 BR on One Level: Yes
Primary Bdr Suite: Yes

Stories

Bi-Level: Yes

Water

City Water/Connected: Yes

Room Information

Room Name	Dimensions	Level
Amusement Room	19.7x40	Lower
Dining Room	7.9x11.9	Main
First (1st) Bedroom	14.2x13.8	Main
Fourth (4th) Bedroom	13.2x12.4	Lower
Great Room	21.10x15.8	Main
Kitchen	11.8x11.8	Main
Living Room	18x15.10	Main
Second (2nd) Bedroom	13.2x10.5	Main
Third (3rd) Bedroom	9.8x10.7	Lower

Documents

Our+House+is+Special+Completed.pdf ›

Listing Office: RE/MAX Advantage Plus

Last Updated: June - 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.