Date
Details
Price
Change
Source
7/05/2026
Listed
$1,699,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/26
$1,699,000 Coming Soon
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1/26
Property 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 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!
Full Property Details
Full Property Details for 4940 Suburban Dr
General
- Price: $1,699,000
- Taxes: $10,520 (2025)
- Status: Coming Soon
- Type: Single Family
- Source: NorthStarMLS_RMLS
- MLS ID: 7104029
- Updated: 7/6/2026
- Added to Site: 1 day(s) ago
- Expected Market Date: 7/8/2026
Interior
- Fireplace: Yes
- Number of Fireplaces: 2
- Fireplace(s): Gas, Stone
- Appliances: Air-To-Air Exchanger, Cooktop, Dishwasher, Double Oven, Dryer, Exhaust Fan, Humidifier, Water Filtration System, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 2
- 3/4 Bathrooms: 1
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Dining Room: Informal Dining Room, Kitchen/Dining Room
- Formal Dining Room: Informal Dining Room, Kitchen/Dining Room
Additional Information
- Amenities: Ceiling Fan(s), Deck, Kitchen Center Island, Kitchen Window, Primary Bedroom Walk-In Closet, Natural Woodwork, Patio, Porch, In-Ground Sprinkler, Vaulted Ceiling(s), Wet Bar, Walk-In Closet
- Pool: Yes
- Pool Description: Below-Ground, Heated
Exterior
- Porch/Patio/Deck: Covered, Deck, Front Porch, Patio, Porch, Rear Porch, Sc
Parking
- Garage: Yes
- Garage Description: 28 x 33
- Garage Spaces: 2
- Parking Features: Detached Garage, Concrete, Electric, Finished Garage, Heated Garage, Insulated Garage
Location
- County: Hennepin
- Township: Shorewood
- Subdivision: Minnetonka Manor
- Driving 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.
School Information
- School District: 276 - Minnetonka
- High School District: Minnetonka
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air, Fireplace(s), In-Floor Heating
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: Drilled, Well
Structural Information
- Exterior Const.: Concrete
- Basement: Yes
- Basement Desc.: Tile Shower, Walk-Out
- Foundation Size: 2024
- Roof: Age 8 Years or Less, Asphalt
- Disability Access: None
- Square Feet: 3,508
- Above Ground: 2,381 Sq. Ft.
- Below Ground: 1,400 Sq. Ft.
- Finished Down/Base.: 3,781 Sq. Ft.
- Year Built: 2000
Lot Features
- Lot Size (Acres): 0.67
- Lot Dimensions: 197 x 146 x 195 x 150
- Frontage: Paved Streets
- Zoning: Residential-Single Family
- Lot Description: Corner Lot, Medium Tree Coverage
- Fencing (Description): Invisible
Financial Considerations
- Tax Amount: $10,520
- Tax Year: 2025
- Terms: Conventional, VA, FHA, Cash
Disclosures and Reports
- Legal Description: BLOCK 004 MINNETONKA MANOR LOTS 1 2 AND 3
- Property ID: 2511723230018
Listed by LPT Realty, LLC
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— 4940 Suburban Dr —
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NMLS#: 1598647
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Schools
Schools serving 4940 Suburban Dr
School District:Minnetonka Public School District
| Name | Grades | Distance |
|---|---|---|
Deephaven Elementary School 4452 Vine Hill Road, Wayzata, MN 55391 | K-5 | 1.1 mi |
Minnetonka East Middle School 17000 Lake Street Extension, Minnetonka, MN 55345 | 6-8 | 2.5 mi |
Minnetonka Senior High School 18301 Minnesota 7, Minnetonka, MN 55345 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4940 Suburban Dr
Tax History
Tax History for 4940 Suburban Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,384
-1%
$809,900
-3%
2025
$10,520
5%
$837,000
—
2023
$10,052
15%
$836,100
15%
2023
$8,737
—
$728,000
31%
2023
$8,737
20%
$556,000
4%
2020
$7,273
—
$533,000
1%
2019
$7,271
2%
$530,000
2%
2018
$7,118
-3%
$521,000
-1%
2017
$7,310
3%
$527,000
4%
2016
$7,090
—
$506,000
—
2015
$7,110
4%
$506,000
8%
2014
$6,868
-5%
$469,000
-7%
2013
$7,201
—
$506,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4940 Suburban Dr
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4940 Suburban Drive, Excelsior, MN 55331 (MLS# 7104029) is a Single Family property with 4 bedrooms, 2 full bathrooms and 2 partial bathrooms. 4940 Suburban Drive is currently listed for $1,699,000 and was received on July 05, 2026. Want to learn more about 4940 Suburban Drive? Do you have questions about finding other Single Family real estate for sale in Excelsior? You can browse all Excelsior real estate or contact a Coldwell Banker agent to request more information.