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$699,900 Just Listed

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 1 Full Bath
  • 2 Partial Baths
  • 3,026 Sq. Ft.
  • 2 Car Garage
  • Updated 10 hours ago
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Location is a perfect 10! Nestled on a corner lot at the end of a quiet cul-de-sac, this exceptional home offers the best of both worlds-peaceful surroundings and incredible convenience. Enjoy walking distance to Purgatory Park, Minnetonka High School, and award-winning Minnetonka Schools. Lovingly maintained and thoughtfully updated by long-term owners, this home is truly move-in ready. The bright and inviting main level features beautiful hardwood floors, three bedrooms on one level, a private primary bath, and a stunning kitchen that opens to the spacious great room addition. Custom built-ins, a fireplace, and floor-to-ceiling windows create a warm and welcoming space with views of the private backyard. Step outside to the low-maintenance deck, perfect for grilling and entertaining. The walkout lower level is equally impressive, featuring a show-stopping amusement room with bar area, gas fireplace, fourth bedroom, and a ¾ bath. Custom cabinets make for the perfect spot for coats and sports gear. Outdoor living shines with a paver patio, fire pit, and beautifully landscaped yard. Just minutes from shopping, dining, and everyday conveniences, this is a rare opportunity to own a meticulously cared-for home in an unbeatable Minnetonka location. Be sure to review the seller's notes in the supplements.

Full Property Details for 5421 Tracy Lynn Terrace

General

  • Price: $699,900
  • Taxes: $6,232 (2025)
  • Status: Active
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7086662
  • Updated: Today (6/10/2026)
  • Added to Site: Today

Interior

  • Fireplace: Yes
  • Number of Fireplaces: 2
  • Fireplace(s): Amusement Room, Family Room, Gas, Living Room
  • Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned, Wine Cooler

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Eat-in kitchen: Yes
  • Dining Room: Eat-In Kitchen, Kitchen/Dining Room
  • Formal Dining Room: Eat In Kitchen, Kitchen/Dining Room
  • Laundry: Lower Level, Laundry Room, Lower Level, Laundry Room

Additional Information

  • Amenities: Deck, Hardwood Floors, Kitchen Center Island, Natural Woodwork, Patio, Tile Floors, Vaulted Ceiling(s), Washer/Dryer Hookup, Wet Bar

Exterior

  • Porch/Patio/Deck: Composite Decking, Patio

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Description: 22 x 22
  • Garage Spaces: 2
  • Parking Features: Attached Garage

Location

  • County: Hennepin
  • Township: Minnetonka
  • Subdivision: Tonka Court 2nd Add
  • Driving Directions: 101 to Tracy Lynn follow to home on the left.

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: Natural Gas

Utilities

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

Structural Information

  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Finished, Walk-Out
  • Foundation Size: 1646
  • Roof: Age 8 Years or Less
  • Disability Access: None
  • Square Feet: 3,026
  • Above Ground: 1,646 Sq. Ft.
  • Below Ground: 1,646 Sq. Ft.
  • Finished Down/Base.: 3,292 Sq. Ft.
  • Year Built: 1981

Lot Features

  • Lot Size (Acres): 0.46
  • Lot Dimensions: 158 x 36 x 120 x 77 x 17 x 13 x 124
  • Frontage: City Street
  • Zoning: Residential-Single Family
  • Lot Description: Corner Lot, Medium Tree Coverage

Financial Considerations

  • Tax Amount: $6,232
  • Tax Year: 2025
  • Terms: Conventional, VA, FHA, Cash

Disclosures and Reports

  • Legal Description: LOT 008 BLOCK 001 TONKA COURT 2ND ADDN
  • Property ID: 3111722110053

Listed by RE/MAX Advantage Plus

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Schools serving 5421 Tracy Lynn Terrace

School District:Minnetonka Public School District
NameGradesDistance
Clear Springs Elementary School
5701 Hwy 101, Minnetonka, MN 55345
K-50.4 mi
Minnetonka West Middle School
6421 Hazeltine Boulevard, Excelsior, MN 55331
6-84 mi
Minnetonka Senior High School
18301 Minnesota 7, Minnetonka, MN 55345
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 5421 Tracy Lynn Terrace Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/10/2026
Listed
$699,900
189.21%
MLS
7/12/2001
Sold
$242,000
—
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 5421 Tracy Lynn Terrace

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,232
4%
$475,300
-1%
2023
$6,006
1%
$480,100
2%
2023
$5,924
—
$470,100
15%
2023
$5,924
8%
$409,000
7%
2020
$5,476
3%
$380,666
3%
2019
$5,324
9%
$368,240
10%
2018
$4,872
1%
$334,559
2%
2017
$4,826
-2%
$328,455
-2%
2016
$4,937
6%
$335,104
7%
2015
$4,638
40%
$312,541
47%
2014
$3,303
-1%
$212,697
-3%
2013
$3,320
—
$220,327
—
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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5421 Tracy Lynn Terrace, Minnetonka, MN 55345 (MLS# 7086662) is a Single Family property with 4 bedrooms, 1 full bathroom and 2 partial bathrooms. 5421 Tracy Lynn Terrace is currently listed for $699,900 and was received on June 10, 2026. Want to learn more about 5421 Tracy Lynn Terrace? 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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