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$858,000 Sale Pending

  • For Sale
  • Pending
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 1 Partial Bath
  • 3,175 Sq. Ft.
  • 2 Car Garage
  • Updated 11 hours ago
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This amazing home is close to all the best food, coffee, and shopping that the neighborhood has to offer! And on top of an amazing location, the amenities of this new construction home are second to none! Every inch of this home is new, from the utility lines and foundation, to the tip of the roof and the new oversized two car garage! ICON Homes has done it again! With luxurious finishes, high efficiency ICF foundation, and the most amazing attention to detail, you are sure to be impressed! Upper level includes a beautiful primary suite with walk-in closet, soaker tub, walk-in shower, and private toilet. Also featuring a bonus loft space, and upper level laundry room, and two additional bedrooms, you have tons of room to enjoy. On the main level, you have an open floorplan with large kitchen, high quality appliances, an open dining room, and a wonderful living room with a gas fireplace. You also have a main floor office with a great front view of the street, and a convenient powder room and front closet that are just off of the entry foyer. And in the lower level, your expansive family room has space for just about anything you can imagine, and you also have a 4th bedroom and bathroom that function as a guest suite when you have extra people visiting and staying over. Or that extra bedroom can serve as a second home office, since it still gets tons of natural light from the full sized egress window. In your new backyard space, you can dream up an amazing layout with room for entertaining, gardening, playing or just maintaining a beautiful outdoor space for your choice of plantings! Don't miss this unique chance to get a GREAT value on a beautiful lot and beautiful new home with none of the OLD HOUSE HEADACHES that are so common in our great city.

Full Property Details for 5312 40th Ave S

General

  • Price: $858,000
  • Taxes: $2,871 (2025)
  • Status: Pending
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7025917
  • Updated: 2/24/2026
  • Added to Site: 10 day(s) ago

Interior

  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Gas, Living Room
  • Appliances: Air-To-Air Exchanger, Chandelier, Dishwasher, Disposal, Dryer, ENERGY STAR Qualified Appliances, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Eat-in kitchen: Yes
  • Dining Room: Breakfast Bar, Breakfast Area, Eat-In Kitchen, Informal Dining Room, Kitchen/Dining Room, Living/Dining Room
  • Formal Dining Room: Breakfast Bar, Breakfast Area, Eat In Kitchen, Informal Dining Room, Kitchen/Dining Room, Living/Dining Room
  • Laundry: Gas Dryer Hookup, Laundry Room, Sink, In Unit, Upper Level, Washer Hookup, Gas Dryer Hookup, Laundry Room, Sink, In Unit, Upper Level, Washer Hookup

Additional Information

  • Amenities: Ceiling Fan(s), City View, Ethernet Wired, Hardwood Floors, Kitchen Center Island, Kitchen Window, Local Area Network, Primary Bedroom Walk-In Closet, Paneled Doors, Porch, Tile Floors, Washer/Dryer Hookup, Walk-In Closet

Parking

  • Garage: Yes
  • Garage Description: 22 x 22
  • Garage Spaces: 2
  • Parking Features: Detached Garage, Concrete, Garage Door Opener, Storage

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Minnehaha Falls 2nd Add
  • Neighborhood: 55
  • Driving Directions: 54th Street to 40th Ave, north to home

School Information

  • School District: 558 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air, Fireplace(s)
  • Heating Fuel: Natural Gas

Utilities

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

Structural Information

  • Builder: ICON HOMES LLC
  • Exterior Const.: Frame, ICFs (Insulated Concrete Forms)
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Daylight/Lookout Windows, Drain Tiles, Drainage System, Egress Window(s), Finished, Full, Owner Access, Storage Space, Sump Basket, Sump Pump
  • Foundation Size: 1091
  • Disability Access: None
  • Square Feet: 3,175
  • Above Ground: 2,202 Sq. Ft.
  • Below Ground: 1,091 Sq. Ft.
  • Year Built: 2026

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Dimensions: 40 x 128
  • Zoning: Residential-Single Family

Financial Considerations

  • Tax Amount: $2,871
  • Tax Year: 2025
  • Terms: Cash

Disclosures and Reports

  • Legal Description: LOT 003 BLOCK 006 MINNEHAHA FALLS 2ND ADDN TO MPLS N 40 FT
  • Property ID: 1802823430116

Listed by Lakes Area Realty G.V.

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— 5312 40th Ave S —

  • Lakes Area Realty G.V.

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 5312 40th Ave S

School District:Minneapolis Public School District
NameGradesDistance
Lk Nokomis Community-Keewaydin Campus
5209 30th Avenue South, Minneapolis, MN 55417
2-50.7 mi
Lk Nokomis Community-Wenonah Campus
5625 23rd Avenue South, Minneapolis, MN 55417
K-11.2 mi
Sanford Middle School
3524 42nd Avenue South, Minneapolis, MN 55406
6-82.2 mi
Roosevelt High School - Sws
4029 South 28th Avenue, Minneapolis, MN 55406
9-121.7 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 5312 40th Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/15/2026
Listed
$858,000
468.21%
MLS
9/23/2025
Sold
$151,000
—
Public Record
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 5312 40th Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,146
5%
$218,000
-2%
2023
$2,987
16%
$223,000
5%
2023
$2,572
—
$212,000
10%
2023
$2,572
34%
$193,000
49%
2020
$1,920
9%
$129,530
13%
2019
$1,758
16%
$114,270
17%
2018
$1,517
-3%
$97,920
—
2017
$1,560
4%
$97,920
8%
2016
$1,500
-5%
$90,835
—
2015
$1,575
—
$90,835
7%
2014
$1,577
9%
$84,840
10%
2013
$1,446
—
$77,210
—
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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Listed by Lakes Area Realty G.V.

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5312 40th Avenue S, Minneapolis, MN 55417 (MLS# 7025917) is a Single Family property with 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 5312 40th Avenue S is currently listed for $858,000 and was received on February 15, 2026. Want to learn more about 5312 40th Avenue S? Do you have questions about finding other Single Family real estate for sale in Nokomis? You can browse all Nokomis real estate or contact a Coldwell Banker agent to request more information.

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