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$499,900 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 1 Full Bath
  • 3 Partial Baths
  • 3,535 Sq. Ft.
  • 4 Car Garage
  • Updated 1 day ago
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Rare opportunity to own a truly one-of-a-kind custom-built home in a highly desirable Minnetonka location! Nestled on a beautifully wooded lot surrounded by mature trees, this unique property offers privacy, character, and over 3,500 square feet of finished living space. The main residence features 2 bedrooms, 3 bathrooms, a finished lower level, and a cozy wood-burning fireplace. What truly sets this property apart is the separate carriage house, complete with its own bedroom, bathroom, kitchen, and garage space, offering incredible flexibility for guests, extended family, or a private retreat. With 4 total garage spaces, there's plenty of room for vehicles, storage, and hobbies. Enjoy the peaceful, wooded setting while being just minutes from Lake Minnetonka, parks, trails, shopping, dining, and convenient highway access. Located within the highly regarded Minnetonka School District, this property combines a fantastic location with exceptional potential. Ready for a new owner's vision and personal touches, this home presents an exciting opportunity to update, customize, and make it your own. A truly unique property with endless possibilities!

Full Property Details for 16509 Lake Street Extension

General

  • Price: $499,900
  • Taxes: $6,029 (2026)
  • Status: Active
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7160170
  • Updated: 10/15/2026
  • Added to Site: 2 day(s) ago

Interior

  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Wood-Burning

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 1
  • 3/4 Bathrooms: 2
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Additional Information

  • Amenities: Porch, Tile Floors

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Description: 24 x 20
  • Garage Spaces: 4
  • Parking Features: Attached Garage, Detached Garage, Asphalt

Location

  • County: Hennepin
  • Township: Minnetonka
  • Subdivision: Shaker Heights
  • Driving Directions: From Hwy 7 r Minnetonka Blvd, take Tonkawood Rd to Lake Street Extension; Go west to the property

School Information

  • School District: 276 - Minnetonka
  • High School District: Minnetonka

Heating & Cooling

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

Utilities

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

Structural Information

  • Exterior Const.: Block, Frame
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Finished
  • Foundation Size: 987
  • Roof: Age Over 8 Years
  • Disability Access: None
  • Square Feet: 3,535
  • Above Ground: 3,745 Sq. Ft.
  • Below Ground: 861 Sq. Ft.
  • Finished Down/Base.: 4,606 Sq. Ft.
  • Year Built: 1984

Additional Structures

  • Other Structures: Gazebo

Lot Features

  • Lot Size (Acres): 0.42
  • Lot Dimensions: 110 x 50
  • Frontage: City Street
  • Zoning: Residential-Single Family
  • Lot Description: Irregular Lot

Financial Considerations

  • Tax Amount: $6,029
  • Tax Year: 2026

Disclosures and Reports

  • Legal Description: LOT 004 BLOCK 003 SHAKER HEIGHTS
  • Property ID: 2011722420038

Listed by National Realty Guild

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— 16509 Lake Street Extension —

  • National Realty Guild

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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 16509 Lake Street Extension

School District:Minnetonka Public School District
NameGradesDistance
Groveland Elementary School
17310 Minnetonka Boulevard, Minnetonka, MN 55345
K-51.2 mi
Minnetonka East Middle School
17000 Lake Street Extension, Minnetonka, MN 55345
6-80.4 mi
Minnetonka Senior High School
18301 Minnesota 7, Minnetonka, MN 55345
9-121.6 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 16509 Lake Street Extension Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/14/2026
Listed
$499,900
51.26%
MLS
7/07/2026
Sold
$330,500
—
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 16509 Lake Street Extension

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,029
4%
$449,200
1%
2024
$5,784
5%
$443,500
1%
2023
$5,500
7%
$439,600
8%
2023
$5,142
—
$408,400
10%
2023
$5,142
2%
$371,500
7%
2020
$5,025
5%
$348,729
5%
2019
$4,800
10%
$331,071
11%
2018
$4,361
-2%
$298,698
-1%
2017
$4,457
—
$302,840
—
2016
$4,453
4%
$301,532
5%
2015
$4,272
-3%
$287,253
—
2014
$4,405
4%
$285,836
1%
2013
$4,239
—
$283,002
—
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 National Realty Guild

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16509 Lake Street Extension, Minnetonka, MN 55345 (MLS# 7160170) is a Single Family property with 3 bedrooms, 1 full bathroom and 3 partial bathrooms. 16509 Lake Street Extension is currently listed for $499,900 and was received on October 14, 2026. Want to learn more about 16509 Lake Street Extension? Do you have questions about finding other Single Family real estate for sale in Minnetonka? You can browse all Minnetonka real estate or contact a Coldwell Banker agent to request more information.

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