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$489,900 Just Listed

  • For Sale
  • Active
  • Townhouse
  • 3 Beds
  • 2 Full Baths
  • 2 Partial Baths
  • 3,042 Sq. Ft.
  • 2 Car Garage
  • Updated 3 hours ago
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Thoughtfully updated and meticulously maintained, this exceptional 3 bedroom, 4 bathroom townhome offers an exceptional blend of space, privacy, and convenience in the heart of Minnetonka. Backing to mature trees and nature, the home lives like a private retreat, with bike trails, multiple commuting options, and walking paths leading to Shady Oak Lake, the beach, and park just a short walk from your front door. A dramatic two story foyer and grand staircase welcome you inside, opening to expansive living spaces filled with natural light. The spacious kitchen offers abundant cabinetry, generous counter space, and effortless flow into the dining area, incredible sunroom, and adjoining deck, making everyday living and entertaining a breeze. The inviting living room is anchored by oversized windows that bring the outdoors in and offers direct access to the deck. Upstairs, the expansive owner's suite feels like a luxury retreat, complete with a cozy fireplace, private balcony perched among the treetops, a spacious ensuite bath, and walk in closet. Skip the blinds and wake up to peaceful views of nature every morning. A generously sized second bedroom and full bath complete the upper level. The finished lower level is another standout, featuring a spacious family room with large windows that fill the space with natural light, a third bedroom with flexibility for a home office, exercise room, or guest suite, plus an additional bathroom. Recent improvements include a brand new roof, siding replaced approximately seven years ago, updates to the deck, replaced garage doors, updated lighting, and new carpet throughout the main and upper levels. Additional highlights include main floor laundry, an oversized two car garage, abundant storage, and exceptional pride of ownership throughout. Enjoy low maintenance townhome living without sacrificing space, privacy, or your connection to nature.

Full Property Details for 5423 Butternut Cir

General

  • Price: $489,900
  • HOA FEE: $560/month
  • Taxes: $6,466 (2026)
  • Status: Active
  • Type: Townhouse
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7119408
  • Updated: 8/5/2026
  • Added to Site: 1 day(s) ago

Interior

  • Fireplace: Yes
  • Number of Fireplaces: 2
  • Fireplace(s): Living Room, Primary Bedroom
  • Appliances: Dishwasher, Disposal, Dryer, Humidifier, Microwave, Range, Refrigerator, Washer, Water Softener Owned

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Eat-in kitchen: Yes
  • Dining Room: Eat-In Kitchen, Informal Dining Room, Living/Dining Room
  • Formal Dining Room: Eat In Kitchen, Informal Dining Room, Living/Dining Room
  • Laundry: Laundry Room, Main Level, Sink, Laundry Room, Main Level, Sink

Additional Information

  • Amenities: Balcony, Ceiling Fan(s), Deck, Primary Bedroom Walk-In Closet, Natural Woodwork, Paneled Doors, Porch, Skylight, In-Ground Sprinkler, Sun Room, Tile Floors, Vaulted Ceiling(s), Washer/Dryer Hookup, Walk-In Closet
  • Shared Amenities: In-Ground Sprinkler System

Exterior

  • Porch/Patio/Deck: Deck, Porch, Terrace

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Description: 24 x 22
  • Garage Spaces: 2
  • Parking Features: Attached Garage, Asphalt, Garage Door Opener, Insulated Garage

Location

  • County: Hennepin
  • Township: Minnetonka
  • Subdivision: Lake Forest
  • Driving Directions: Rowland Rd to Jorissen Rd to Butternut Circle.

School Information

  • School District: 270 - Hopkins
  • High School District: Hopkins

Community

  • Association: Yes
  • Assoc. Name: Cities Management
  • Assoc. Fees Include: Building Exterior, Hazard Insurance, Lawn Care, Maintenance Grounds, Professional Management, Sanitation, Snow Removal

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, Drain Tiles, Egress Window(s), Finished, Full, Sump Pump
  • Foundation Size: 1032
  • Roof: Age 8 Years or Less, Asphalt
  • Disability Access: None
  • Square Feet: 3,042
  • Above Ground: 2,178 Sq. Ft.
  • Below Ground: 1,032 Sq. Ft.
  • Finished Down/Base.: 3,210 Sq. Ft.
  • Year Built: 1990

Lot Features

  • Lot Size (Acres): 0.07
  • Lot Dimensions: 80 x 36
  • Frontage: Paved Streets, Private Road
  • Zoning: Residential-Single Family
  • Lot Description: Medium Tree Coverage

Financial Considerations

  • Association Fee: $560
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $6,466.28
  • Tax Year: 2026

Disclosures and Reports

  • Legal Description: LOT 009 BLOCK 003 LAKE FOREST
  • Property ID: 3511722220028
Buyer's Brokerage Compensation: 2.5%
Not binding unless confirmed by separate agreement among applicable parties.

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— 5423 Butternut Cir —

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Schools serving 5423 Butternut Cir

School District:Hopkins Public School District
NameGradesDistance
Gatewood Elementary School
14900 Gatewood Drive, Minnetonka, MN 55345
K-61.5 mi
Hopkins West Junior High School
3830 Baker Road, Minnetonka, MN 55305
7-91.9 mi
Hopkins Senior High School
2400 Lindbergh Dr, Minnetonka, MN 55305
10-124 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 5423 Butternut Cir Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/04/2026
Listed
$489,900
55.52%
MLS
12/29/2017
Sold
$315,000
—
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 5423 Butternut Cir

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,466
-2%
$502,500
-6%
2025
$6,627
18%
$533,200
12%
2023
$5,632
4%
$477,000
2%
2023
$5,435
—
$465,500
12%
2023
$5,435
-1%
$415,400
-1%
2020
$5,513
11%
$421,400
11%
2019
$4,948
-3%
$381,211
1%
2018
$5,084
17%
$377,396
19%
2017
$4,356
1%
$318,209
4%
2016
$4,301
-4%
$304,911
-2%
2015
$4,503
12%
$311,887
20%
2014
$4,021
9%
$260,548
3%
2013
$3,690
—
$251,937
—
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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5423 Butternut Circle, Minnetonka, MN 55343 (MLS# 7119408) is a Townhouse property with 3 bedrooms, 2 full bathrooms and 2 partial bathrooms. 5423 Butternut Circle is currently listed for $489,900 and was received on August 04, 2026. This property is listed by John Schuster Group from our Office.Want to learn more about 5423 Butternut Circle? Do you have questions about finding other Townhouse 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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