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5515 Timber Lane, MN 55331

$2,750,000

Property Type: Land Lot Size (sq. ft.): 27,443 Status: Closed

Current Price: $2,750,000 List Date: 6/28/2024 Last Modified: 6/04/2025

Overview

Description

A rarely available lakefront building site with 150ft of superb lakeshore on Gideon's Bay. A great place on the lake with big water views and hard bottome lakeshore in a quiet cove off the main bay. Riprapped sandy bottom lakeshore. Long views extend past Excelsior commons to Deephaven. A perfect elevation offers a Level yard to the water. Tranquility and convenience! Just a couple blocks from Downtown Excelsior. The regional trail makes it an easy walk to the activities, shops, and restaurants. Watch the excelsior fireworks from your deck or dock. 5515 Timber Lane offers a large buildable area, the homesite has appealing proximity to the shoreline. the neigborhood supports upper bracket new construction. Every home along Timber Lane is waterfront with no homes across the street. just the LRT trail and a pond surrounded by woods and nature. Currently this is a permanent dock. Minnetonka School District. Act fast, there are limited opportunities on this street with very low turnover.

Listing Details MLS# 6450837

General Property Information

Comp Sale YN: No
Development: No
Lot Measurement: Acres
Multiple PIDs?: No
Plat Recorded: Yes
Road Btwn WF & Home?: No
Waterfront Frontage: 150
Yearly/Seasonal: Yearly
Zoning: Shoreline, Residential-Single Family
Lot Dimensions: 152x330x150x168
Acres: 0.63
Lake/Waterfront Name: Minnetonka
Assessment Pending: Unknown
Association Fee: 0

Property Features

Available Utilities: Cable Connected; Natural Gas Available; Natural Gas Connected; Phone Available; Private Well Connected; Sewer Available; Sewer Connected Development Status: Finished Lot(s) Elevation Highpoint to Waterfront Slope: Gradual Financing Terms: Cash Improvements: Paved Streets; Public Road; Storm Sewer Internet Options: Cable; DSL Lake Details: Gravel; Sand; Soft Land Inclusions: Boat Slip; Deck; Dock; Survey Lock Box Type: None Lot Description: Accessible Shoreline; Public Transit (w/in 6 blks); Tree Coverage - Medium Road Frontage: City Street Road Responsibility: Public Maintained Road Surface Water: Lake Topography: Wooded; Level; Sloped Waterfront View: Bay; Lake

Contract Information

Digitally Altered Photos: No
Off Market Date: 2024-06-28
Contingency: None
Closed Date: 2024-06-21
Original List Price: 2495000
Sales Close Price: 2750000
ListPrice: 2495000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 5515
Street Name: Timber Lane
County: Hennepin
State: MN
Zip Code: 55331
Complex/Dev/Subdivision: Timber Lane

Assessments

Tax With Assessments: 18791
Assessment Balance: 0

Builder Information

Builder Restrictions: Open

More Information

Elevation Highpoint to Waterfront Feet

Elevation Highpoint Waterfront Feet: 0-4

Lake Details

Lake Acres: 14205
Lake Depth: 113
Gravel: Yes
Sand: Yes
Soft: Yes

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: Yes

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 23
Section#: 34
Township#: 117

Office/Member Info

Association: MAAR
MLSID: RMLS

Location, Tax and Other Information

AssocFeeYN: No
Map Page: 117
Municipality: Shorewood
Rental License?: No
School District: Minnetonka
School District Phone: 952-401-5000
DNR Lake ID#: 27013300
DNR Lake Classification: General Development
Lake Chain: N
Zip Plus 4: 1710
Property ID Number: TBD
Tax Year: 2023
Tax Amount: 18791
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: A rarely available lakefront building site with 150ft of superb lakeshore on Gideon's Bay. A great place on the lake with big water views and hard bottome lakeshore in a quiet cove off the main bay. Riprapped sandy bottom lakeshore. Long views extend past Excelsior commons to Deephaven. A perfect elevation offers a Level yard to the water. Tranquility and convenience! Just a couple blocks from Downtown Excelsior. The regional trail makes it an easy walk to the activities, shops, and restaurants. Watch the excelsior fireworks from your deck or dock. 5515 Timber Lane offers a large buildable area, the homesite has appealing proximity to the shoreline. the neigborhood supports upper bracket new construction. Every home along Timber Lane is waterfront with no homes across the street. just the LRT trail and a pond surrounded by woods and nature. Currently this is a permanent dock. Minnetonka School District. Act fast, there are limited opportunities on this street with very low turnover.
Directions: County Road 19 - just west of Excelsior to Timber Lane, North to home on left

Development Status

Finished Lot(s): Yes

Elevation Highpoint to Waterfront Slope

Gradual: Yes

Financing Terms

Cash: Yes

Insurance Fee

Insurance Fee: 0

Internet Options

Cable: Yes
DSL: Yes

Lock Box Type

None: Yes

Lot Description

Accessible Shoreline: Yes
Public Transit (w/in 6 blks): Yes
Tree Coverage - Medium: Yes

Restriction/Covenants

Easements: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Topography

Wooded: Yes
Level: Yes
Sloped: Yes

Waterfront View

Bay: Yes
Lake: Yes

Available Utilities

Cable Connected: Yes
Natural Gas Available: Yes
Natural Gas Connected: Yes
Phone Available: Yes
Private Well Connected: Yes
Sewer Available: Yes
Sewer Connected: Yes

Improvements

Paved Streets: Yes
Public Road: Yes
Storm Sewer: Yes

Land Inclusions

Boat Slip: Yes
Deck: Yes
Dock: Yes
Survey: Yes

Surface Water

Lake: Yes

Listing Office: Edina Realty, Inc.

Last Updated: June - 04 - 2025

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