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$350,000 Sale Pending

  • For Sale
  • Pending
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 840 Sq. Ft.
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This fantastic .23-acre lot, nestled in the heart of Deephaven Beach, offers an incredible opportunity for builders and homeowners alike. The neighborhood is transitioning from small summer cabins to multi-million-dollar homes. There are new million-dollar homes built on identical lots on the same street. Surrounded by mature trees, the lot provides a tranquil and private setting, while being ideally located between Deephaven Beach and the scenic Thorpe Park. The value is in the land. Current home is likely a teardown or major remodel needed. Take advantage of the best of both worlds - the peacefulness of a residential neighborhood, combined with proximity to the lake and outdoor recreation. Become a part of this classic lakeside neighborhood community located just minutes to shopping and dining in Wayzata and Excelsior. Situated in the highly sought-after Minnetonka School District, with Spanish Immersion available at neighborhood school Deephaven Elementary, this lot ensures access to top-rated educational opportunities. Whether you're looking to create your dream home or seeking a prime investment for new construction, this lot offers immense potential.

Full Property Details for 18965 Lake Ave

General

  • Price: $350,000
  • Taxes: $3,744 (2025)
  • Status: Pending
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6814271
  • Updated: 12/29/2025
  • Added to Site: 72 day(s) ago

Interior

  • Appliances: Dryer, Range, Refrigerator, Washer, Water Softener Owned

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Dining Room: Living/Dining Room
  • Formal Dining Room: Living/Dining Room
  • Laundry: Lower Level, Lower Level

Additional Information

  • Amenities: Deck, Hardwood Floors, Kitchen Window, Main Floor Primary Bedroom, Natural Woodwork, Paneled Doors, Porch, Washer/Dryer Hookup

Exterior

  • Porch/Patio/Deck: Deck, Front Porch

Parking

  • Parking Features: Gravel

Location

  • County: Hennepin
  • Township: Deephaven
  • Subdivision: Deephaven Park Sub 4
  • Driving Directions: Deephaven Avenue to Lake Avenue, east to home.

School Information

  • School District: 1246 - Minnetonka
  • High School District: Minnetonka

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard, Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: Private, Well

Structural Information

  • Exterior Const.: Block, Concrete
  • Basement: Yes
  • Basement Desc.: Partial
  • Foundation Size: 840
  • Roof: Asphalt
  • Disability Access: None
  • Square Feet: 840
  • Above Ground: 840 Sq. Ft.
  • Below Ground: 420 Sq. Ft.
  • Year Built: 1924

Lot Features

  • Lot Size (Acres): 0.23
  • Lot Dimensions: 50 x 200
  • Frontage: City Street, Paved Streets
  • Zoning: Residential-Single Family
  • Lot Description: Medium Tree Coverage

Financial Considerations

  • Tax Amount: $3,744
  • Tax Year: 2025
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: LOT 008 DEEPHAVEN PARK SUBD NO 4
  • Property ID: 1911722220044
Buyer's Brokerage Compensation: 2.7%
Not binding unless confirmed by separate agreement among applicable parties.

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— 18965 Lake Ave —

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NMLS#: 1598647

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Schools serving 18965 Lake Ave

School District:Minnetonka Public School District
NameGradesDistance
Deephaven Elementary School
4452 Vine Hill Road, Wayzata, MN 55391
K-50.8 mi
Minnetonka East Middle School
17000 Lake Street Extension, Minnetonka, MN 55345
6-81.3 mi
Minnetonka Senior High School
18301 Minnesota 7, Minnetonka, MN 55345
9-121.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 18965 Lake Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/04/2025
Price Reduced
$350,000
-12.48%
MLS
11/05/2025
Listed
$399,900
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 18965 Lake Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,744
8%
$339,000
3%
2023
$3,465
8%
$328,300
9%
2023
$3,197
—
$301,000
19%
2023
$3,197
21%
$253,000
18%
2020
$2,638
8%
$215,000
8%
2019
$2,441
5%
$200,000
5%
2018
$2,322
-5%
$190,000
-4%
2017
$2,434
17%
$197,000
19%
2016
$2,077
12%
$165,000
13%
2015
$1,852
6%
$146,000
11%
2014
$1,741
—
$131,000
-3%
2013
$1,742
—
$135,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Price Reduced near 18965 Lake Ave

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16101 Boulder Creek Dr, Minnetonka, MN 55345 - Photo 1 Price Reduced
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16101 Boulder Creek Dr  Minnetonka, MN 55345

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5697 Green Cir Dr, Minnetonka, MN 55343 - Photo 1 Price Reduced
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18965 Lake Avenue, Deephaven, MN 55391 (MLS# 6814271) is a Single Family property with 2 bedrooms and 1 full bathroom. 18965 Lake Avenue is currently listed for $350,000 and was received on November 05, 2025. This property is listed by Zinn Family Realtors from our Minnetonka Office.Want to learn more about 18965 Lake Avenue? Do you have questions about finding other Single Family real estate for sale in Deephaven? You can browse all Deephaven real estate or contact a Coldwell Banker agent to request more information.

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