This fantastic .23-acre lot, nestled in the heart of Deephaven Beach, offers an incredible opportunity for builders and homeowners alike. The neighborhood is transitioning from small summer cabins to multi-million-dollar homes. There are new million-dollar homes built on identical lots on the same street. Surrounded by mature trees, the lot provides a tranquil and private setting, while being ideally located between Deephaven Beach and the scenic Thorpe Park. The value is in the land. Current home is likely a teardown or major remodel needed. Take advantage of the best of both worlds – the peacefulness of a residential neighborhood, combined with proximity to the lake and outdoor recreation. Become a part of this classic lakeside neighborhood community located just minutes to shopping and dining in Wayzata and Excelsior. Situated in the highly sought-after Minnetonka School District, with Spanish Immersion available at neighborhood school Deephaven Elementary, this lot ensures access to top-rated educational opportunities. Whether you're looking to create your dream home or seeking a prime investment for new construction, this lot offers immense potential.
Active
Price cut: $49.9K (12/4)
$350,000
18965 Lake Ave, Deephaven, MN 55391
2beds
1,260sqft
Est.:
Single Family Residence
Built in 1924
10,018.8 Square Feet Lot
$344,700 Zestimate®
$278/sqft
$-- HOA
What's special
Surrounded by mature treesTranquil and private setting
- 34 days |
- 1,437 |
- 55 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: December 04, 2025 at 09:31am
Listed by:
Max C Zinn 612-281-7060,
Coldwell Banker Realty,
Hans C Zinn 612-964-8111
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6814271
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Living Room, Kitchen, Bedroom 1, Bedroom 2, Porch, Deck
Bedroom 1
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Bedroom 2
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Deck
- Level: Main
- Area: 112 Square Feet
- Dimensions: 14x8
Kitchen
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10x10
Living room
- Level: Main
- Area: 240 Square Feet
- Dimensions: 16x15
Porch
- Level: Main
- Area: 78 Square Feet
- Dimensions: 13x6
Heating
- Baseboard, Forced Air
Cooling
- None
Appliances
- Included: Dryer, Range, Refrigerator, Washer, Water Softener Owned
Features
- Basement: Partial
- Has fireplace: No
Interior area
- Total structure area: 1,260
- Total interior livable area: 1,260 sqft
- Finished area above ground: 840
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: Gravel
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Front Porch
- Pool features: None
Lot
- Size: 10,018.8 Square Feet
- Dimensions: 50 x 200
- Features: Many Trees
Details
- Foundation area: 840
- Parcel number: 1911722220044
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Metal Siding, Vinyl Siding, Block, Concrete
- Roof: Asphalt
Condition
- Age of Property: 101
- New construction: No
- Year built: 1924
Utilities & green energy
- Electric: Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: Private, Well
Community & HOA
Community
- Subdivision: Deephaven Park Sub 4
HOA
- Has HOA: No
Location
- Region: Deephaven
Financial & listing details
- Price per square foot: $278/sqft
- Tax assessed value: $371,100
- Annual tax amount: $3,744
- Date on market: 11/7/2025
- Cumulative days on market: 79 days
- Road surface type: Paved
Estimated market value
$344,700
$327,000 - $362,000
$2,109/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/4/2025 | Price change | $350,000-12.5%$278/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6814275 Report a problem | ||
| 11/7/2025 | Listed for sale | $399,900-8.1%$317/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6814271 Report a problem | ||
| 11/5/2025 | Listing removed | $435,000$345/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6793754 Report a problem | ||
| 9/24/2025 | Listed for sale | $435,000+228.3%$345/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6792236 Report a problem | ||
| 10/5/2024 | Listing removed | $1,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,744 +8% | $371,100 +9.5% |
| 2024 | $3,465 +8.4% | $339,000 +3.3% |
| 2023 | $3,197 +7.3% | $328,300 +9.1% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,154/mo
Principal & interest
$1701
Property taxes
$330
Home insurance
$123
Climate risks
Neighborhood: 55391
Nearby schools
GreatSchools rating
- 8/10Deephaven Elementary SchoolGrades: K-5Distance: 0.8 mi
- 8/10Minnetonka East Middle SchoolGrades: 6-8Distance: 1.3 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 1.8 mi
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