Date
Details
Price
Change
Source
5/28/2026
Listed
$925,000
—
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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Property Description
This stunning lakeshore rambler combines spacious living, scenic beauty, and exceptional amenities in one remarkable property. Nestled on picturesque Cates Lake, this home offers a nature lover's retreat with opportunities for canoeing, kayaking, and paddleboarding right from your backyard. Boasting nearly 4,000 finished square feet, the home features 5 bedrooms with an office (legal 6th bedroom), and 3.5 bathrooms, including a luxurious primary en suite bath complete with a soaking tub, and separate walk-in shower. Three bedrooms are located on the main level, with two additional bedrooms and office on the lower level, Designed for both everyday comfort and entertaining, the home offers both formal and informal dining spaces, along with an open-concept kitchen featuring a convenient counter breakfast bar. Enjoy expansive living and family rooms, each accented with warm gas fireplaces and custom built-in cabinetry, as well as a lower level wet bar. Take in breathtaking lake and wooded views from the inviting 3-season porch or large deck overlooking the beautifully landscaped lot. The walkout lower level leads to a covered patio and an impressive stamped concrete entertaining area surrounding the welcoming in-ground swimming pool - perfect for enjoying summer days with family and friends. Additionally you will find a spacious 3 car garage, plenty of storage, and it is Ideally located near parks, schools, shopping, and major freeways, this home offers the perfect balance of privacy, recreation, and convenience. Opportunities like this are rare - few homes can match this combination of lakeshore living, space, and value.
Full Property Details
Full Property Details for 8551 Summit Oaks Bay
General
- Price: $925,000
- Taxes: $8,982 (2026)
- Status: Active
- Type: Single Family
- Source: NorthStarMLS_RMLS
- MLS ID: 7081943
- Updated: Today (5/28/2026)
- Added to Site: Today
Interior
- Fireplace: Yes
- Number of Fireplaces: 2
- Fireplace(s): Family Room, Gas, Living Room
- Appliances: Dishwasher, Double Oven, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer, Water Softener Owned
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Dining Room: Breakfast Bar, Informal Dining Room, Separate Formal Dining Room
- Formal Dining Room: Breakfast Bar, Informal Dining Room, Separate/Formal Dining Room
- Laundry: Laundry Room, Main Level, Sink, Laundry Room, Main Level, Sink
Additional Information
- Amenities: Cable, Ceiling Fan(s), Deck, Dock, French Doors, Kitchen Window, Primary Bedroom Walk-In Closet, Main Floor Primary Bedroom, Natural Woodwork, Patio, Paneled Doors, Porch, In-Ground Sprinkler, Vaulted Ceiling(s), Wet Bar, Walk-In Closet
- Pool: Yes
- Pool Description: Below-Ground, Heated, Outdoor
Exterior
- Porch/Patio/Deck: Deck, Front Porch, Patio, Screened
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 3
- Parking Features: Attached Garage
Location
- County: Scott
- Township: Savage
- Subdivision: West Summit Oaks
- Driving Directions: Dakota Ave to 150th Street, to Aquila, to Summit Oaks Bay, to home.
School Information
- School District: 719 - Prior Lake-Savage Area Schools
- High School District: Prior Lake-Savage Area Schools
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
- Exterior Const.: Block
- Basement: Yes
- Finished basement: Yes
- Basement Desc.: Finished, Full, Walk-Out
- Foundation Size: 2302
- Roof: Age Over 8 Years
- Disability Access: None
- Square Feet: 3,916
- Above Ground: 2,316 Sq. Ft.
- Below Ground: 2,300 Sq. Ft.
- Finished Down/Base.: 4,616 Sq. Ft.
- Year Built: 1998
Lot Features
- Lot Size (Acres): 0.76
- Lot Dimensions: 95 x 340 x 98 x 362
- Frontage: City Street
- Zoning: Residential-Single Family
- Lot Description: Accessible Shoreline, Heavy Tree Coverage
- Fencing (Description): Partial, Split Rail
Water Features
- Water Front Desc.: Lakefront
- Water Front Feet: 100
- Water Front Elev.: 40
- Lake Front: Yes
Financial Considerations
- Tax Amount: $8,982
- Tax Year: 2026
- Terms: Adj. Rate/Gr Payment, Conventional, VA, FHA, Cash
Disclosures and Reports
- Legal Description: SUBDIVISIONNAME WEST SUMMIT OAKS LOT 031 BLOCK 005 SUBDIVISIONCD 26256
- Property ID: 262560540
Listed by RES Realty
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— 8551 Summit Oaks Bay —
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NMLS#: 1598647
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Schools
Schools serving 8551 Summit Oaks Bay
School District:Prior Lake-Savage Area Schools
| Name | Grades | Distance |
|---|---|---|
Hamilton Ridge Elementary School 8100 157th Street, Savage, MN 55378 | K-5 | 0.5 mi |
Hidden Oaks Middle School 15855 Fish Point Road, Prior Lake, MN 55372 | 6-8 | 1 mi |
Prior Lake High School 7575 150th Street West, Savage, MN 55378 | 9-12 | 0.4 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 8551 Summit Oaks Bay
Tax History
Tax History for 8551 Summit Oaks Bay
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,314
4%
$750,500
—
2024
$7,030
—
$753,100
16%
2024
$7,030
2%
$649,100
4%
2023
$6,862
1%
$626,600
—
2022
$6,808
2%
$626,600
16%
2021
$6,692
1%
$539,600
9%
2020
$6,596
—
$494,200
-4%
2020
$6,596
2%
$514,200
11%
2019
$6,486
-1%
$462,400
5%
2018
$6,540
-3%
$440,400
-6%
2017
$6,766
1%
$469,300
2%
2016
$6,732
3%
$458,000
4%
2015
$6,566
-3%
$439,000
3%
2014
$6,790
-5%
$425,300
-3%
2013
$7,114
—
$436,600
—
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 8551 Summit Oaks Bay
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8551 Summit Oaks Bay, Savage, MN 55378 (MLS# 7081943) is a Single Family property with 5 bedrooms, 3 full bathrooms and 1 partial bathroom. 8551 Summit Oaks Bay is currently listed for $925,000 and was received on May 28, 2026. Want to learn more about 8551 Summit Oaks Bay? Do you have questions about finding other Single Family real estate for sale in Savage? You can browse all Savage real estate or contact a Coldwell Banker agent to request more information.