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$698,000

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 2 Full Baths
  • 2 Partial Baths
  • 4,405 Sq. Ft.
  • 3 Car Garage
  • Updated 3 days ago
See This Home
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Finally, the Lakeville pool home you have been waiting for! Remember when it was 100 degrees this summer? Here is the cure, and better yet, it has been COMPLETELY remodeled from top to bottom, inside and out with on-trend styles and quality materials/worksmanship. LP smartside all around, a 400 sq ft maintenance free deck, new roof and more await you at this large footprint 2 sotry walkout home in the demanded Spyglass neighborhood. Better than new at a far superior price per sq ft. Situated on a quiet street on a large .41 acre corner lot just steps from the park and with no neighbors, but rather a large pond across the street. Expansive backyard with a full maintenance free fence offering privacy. Boulder retaining walls, 3 stall garage and extra parking space on the side of the garage. Inside, bright and refreshed spaces greet you. Gleaming real hardwood floors, both formal and informal spaces, upgraded kitchen with large island, quartz counters, stainless appliances and a farmhouse sink with window enjoying views of the backyard and pool. Handy, spacious mudroom. Ready for all seasons, with heated and insulated garage plus 3 cozy gas fireplaces - 1 on each level, including a stylish shiplap clad 2-sided fireplace in the glorious, oversized owner's suite (that also features a spa like bath and ENORMOUS walk in closet off the bathroom). 4 total bedrooms upstairs with walk-in closets. The walkout lower level has an additional guest suite, large rec room, plenty of storage and steps out to sprawling patio leading to the private, in-ground, heated pool (with brand new liner). An uncommon price tag for a home of this caliber and features. Easy access to Cedar Ave and all the amenities of downtown Lakeville. 100% turn-key ready for the next owner to entertain, relax, and enjoy stress-free, as all major maintenance/big ticket items have been done to better-than-new standards. Hurry in to this rare find and enjoy the swan song of summer from from the water of your new oasis.

Full Property Details for 7242 205th St W

General

  • Price: $698,000
  • Taxes: $8,186 (2026)
  • Status: Active
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7133080
  • Updated: 9/18/2026
  • Added to Site: 27 day(s) ago

Interior

  • Fireplace: Yes
  • Number of Fireplaces: 3
  • Fireplace(s): Two Sided, Family Room, Gas, Primary Bedroom
  • Appliances: Dishwasher, Dryer, Gas Water Heater, 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: 5

Other Rooms

  • Dining Room: Breakfast Area, Informal Dining Room, Separate Formal Dining Room
  • Formal Dining Room: Breakfast Area, Informal Dining Room, Separate/Formal Dining Room
  • Laundry: Laundry Room, Upper Level, Laundry Room, Upper Level

Additional Information

  • Amenities: Balcony, Ceiling Fan(s), Deck, French Doors, Hardwood Floors, Kitchen Center Island, Kitchen Window, Primary Bedroom Walk-In Closet, Natural Woodwork, Patio, Paneled Doors, Porch, In-Ground Sprinkler, Tile Floors, Vaulted Ceiling(s), Walk-In Closet
  • Pool: Yes
  • Pool Description: Below-Ground, Heated

Exterior

  • Porch/Patio/Deck: Composite Decking, Deck, Front Porch, Patio

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 3
  • Parking Features: Attached Garage, Asphalt, Finished Garage, Heated Garage, Insulated Garage

Location

  • County: Dakota
  • Township: Lakeville
  • Subdivision: Spyglass 2nd Add
  • Driving Directions: Cedar ave to 202nd St. Ea to Gallifrey Way. South, road bends right and turns into 205th St W. Home is on left after park and across from the pond.

School Information

  • School District: 192 - Farmington
  • High School District: Farmington

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Daylight/Lookout Windows, Drainage System, Finished, Full, Storage Space, Sump Pump, Walk-Out
  • Foundation Size: 1515
  • Roof: Age 8 Years or Less, Asphalt, Pitched
  • Disability Access: None
  • Square Feet: 4,405
  • Above Ground: 3,130 Sq. Ft.
  • Below Ground: 1,515 Sq. Ft.
  • Finished Down/Base.: 4,645 Sq. Ft.
  • Year Built: 2005

Lot Features

  • Lot Size (Acres): 0.41
  • Lot Dimensions: 139 x 232 x 183
  • Frontage: City Street
  • Zoning: Residential-Single Family
  • Lot Description: Corner Lot
  • Fencing (Description): Composite, Full, Privacy

Water Features

  • Water Front Desc.: Pond

Financial Considerations

  • Tax Amount: $8,186
  • Tax Year: 2026
  • Terms: Conventional, VA, FHA, Cash, Lease Purchase, Other, USDA

Disclosures and Reports

  • Legal Description: SPYGLASS 2ND ADDITION 7 2
  • Property ID: 227145102070

Listed by RE/MAX Results

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Schools serving 7242 205th St W

School District:Farmington Area Public Schools
NameGradesDistance
Meadowview Elementary School, Farmington, MN
6100 195th Street West, Farmington, MN 55024
K-51.4 mi
Robert Boeckman Middle School
800 Denmark Avenue, Farmington, MN 55024
6-83 mi
Farmington High School
20655 Flagstaff Avenue, Farmington, MN 55024
9-120.4 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 7242 205th St W Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/25/2026
Listed
$698,000
56.82%
MLS
11/19/2025
Sold
$445,090
—
Public Record
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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 7242 205th St W

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,186
12%
$649,000
2%
2025
$7,278
—
$635,100
-1%
2025
$7,278
4%
$638,600
3%
2023
$7,004
—
$618,500
20%
2023
$7,004
7%
$516,100
—
2022
$6,542
-4%
$516,200
2%
2020
$6,824
6%
$505,200
7%
2019
$6,415
3%
$473,100
5%
2018
$6,238
1%
$450,000
4%
2017
$6,205
-3%
$433,400
1%
2016
$6,390
8%
$429,000
—
2015
$5,935
1%
$428,100
7%
2014
$5,866
-1%
$401,158
4%
2013
$5,940
—
$386,334
—
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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7242 205th Street W, Lakeville, MN 55044 (MLS# 7133080) is a Single Family property with 5 bedrooms, 2 full bathrooms and 2 partial bathrooms. 7242 205th Street W is currently listed for $698,000 and was received on August 25, 2026. Want to learn more about 7242 205th Street W? Do you have questions about finding other Single Family real estate for sale in Lakeville? You can browse all Lakeville real estate or contact a Coldwell Banker agent to request more information.

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