Date
Details
Price
Change
Source
2/18/2026
Listed
$619,000
—
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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1/23
$619,000 Just Listed
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1/23
Property Description
Rarely does a property of this caliber become available: a pristine 2.15 acre south-facing estate site, offered for the first time in over five decades. Tucked within a canopy of mature hardwoods and lush, wildlife-filled gardens, this elevated parcel delivers sweeping, unobstructed views and an atmosphere of profound peace-enhanced by its proximity to the serene, private waters of 15-acre Wing Lake. The current residence is likely a teardown, clearing the way for your bespoke vision: craft a modern retreat, timeless estate, or family compound tailored precisely to your desires. Complementing the site are two valuable outbuildings-a 24x22 two-car garage and a delightful 25x16 barn with upper-level studio potential-ready to serve as workshop, guest quarters, or creative haven. A long, winding private driveway ensures seclusion while the location offers perfect balance: minutes from Minnetonka's premier shopping, dining, top-rated schools, and recreational amenities, yet only 20 minutes from downtown Minneapolis and MSP International Airport. In a market where exceptional land is increasingly scarce, this parcel stands out as the true asset-proving that value resides in the land itself. Open to all builders and dreamers alike. Schedule your private viewing today-opportunities this extraordinary are fleeting.
Full Property Details
Full Property Details for 5338 Highland Rd
General
- Price: $619,000
- Taxes: $4,289 (2025)
- Status: Active
- Type: Single Family
- Source: NorthStarMLS_RMLS
- MLS ID: 7021365
- Updated: 2/19/2026
- Added to Site: 1 day(s) ago
Interior
- Fireplace: Yes
- Number of Fireplaces: 1
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Additional Information
- Amenities: Balcony, Deck, Main Floor Primary Bedroom
Parking
- Garage: Yes
- Garage Spaces: 3
- Parking Features: Detached Garage, Asphalt, Multiple Garages
Location
- County: Hennepin
- Township: Minnetonka
- Subdivision: Wing Lake Terrace 4th
- Driving Directions: Excelsior Blvd to North on Highland Rd to property.
School Information
- School District: 1218 - Hopkins
- High School District: Hopkins
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air, Window Unit(s)
- Heating Type: Boiler
- Heating Fuel: Electric, Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
Structural Information
- Basement: Yes
- Finished basement: Yes
- Basement Desc.: Daylight/Lookout Windows, Full, Partially Finished, Walk-Out
- Foundation Size: 946
- Roof: Age Over 8 Years
- Disability Access: None
- Square Feet: 2,054
- Above Ground: 1,892 Sq. Ft.
- Below Ground: 646 Sq. Ft.
- Year Built: 1939
Additional Structures
- Other Structures: Garage(s), Other
Lot Features
- Lot Size (Acres): 2.15
- Lot Dimensions: irregular
- Frontage: City Street, Paved Streets
- Zoning: Residential-Single Family
- Lot Description: Irregular Lot, Heavy Tree Coverage
- Fencing (Description): Chain Link, Partial, Privacy, Wood
Water Features
- Water Front Desc.: Lake View
- Lake Front: Yes
Financial Considerations
- Tax Amount: $4,289
- Tax Year: 2025
- Terms: Conventional, Cash
Disclosures and Reports
- Legal Description: LOT 003 BLOCK 001 WING LAKE TERRACE 4TH
Buyer's Brokerage Compensation: 2.7%
Not binding unless confirmed by separate agreement among applicable parties.
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— 5338 Highland Rd —
NMLS#: 1598647
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Schools
Schools serving 5338 Highland Rd
School District:Hopkins Public School District
| Name | Grades | Distance |
|---|---|---|
Glen Lake Elementary School 4801 Woodridge Road, Minnetonka, MN 55345 | K-6 | 1.1 mi |
Hopkins West Junior High School 3830 Baker Road, Minnetonka, MN 55305 | 7-9 | 2.2 mi |
Hopkins Senior High School 2400 Lindbergh Dr, Minnetonka, MN 55305 | 10-12 | 4.8 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 5338 Highland Rd
Tax History
Tax History for 5338 Highland Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,289
3%
$362,200
2%
2023
$4,147
3%
$355,800
2%
2023
$4,029
—
$350,100
16%
2023
$4,029
-19%
$301,800
-21%
2020
$4,989
4%
$380,993
3%
2019
$4,781
—
$368,240
3%
2018
$4,804
-6%
$356,359
-4%
2017
$5,088
-3%
$372,491
—
2016
$5,252
6%
$373,363
9%
2015
$4,954
4%
$343,606
11%
2014
$4,779
-1%
$310,470
-7%
2013
$4,847
—
$332,161
—
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 5338 Highland Rd
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- Closed
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- 2,200Sq. Ft.
Listed by Greg Winegarden and Jen Winegarden
Sold by Patrick Morgan and Michelle Skott Morgan
Sold by Patrick Morgan and Michelle Skott Morgan
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Sold by Edina Realty, Inc.
Sold by Edina Realty, Inc.
5338 Highland Rd, Minnetonka, MN 55345 (MLS# 7021365) is a Single Family property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 5338 Highland Rd is currently listed for $619,000 and was received on February 18, 2026. This property is listed by Zinn Family Realtors from our Minnetonka Office.Want to learn more about 5338 Highland Rd? 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.