Lake Minnetonka Lakeshore! Classic, coastal-style home with coffered ceilings, layers of enameled woodwork and walls of glass showcasing stunning views from nearly every room. Custom Stonewood build features an open concept main floor with center island kitchen and a great room opening to large, covered porch with phantom screens and outdoor cooking. Sneak away to the lakeside sunroom or the richly appointed study. Upper-level features primary suite with fireplace and luxury bath, three additional bedrooms and an exercise room. Escape to an inspirational art/crafting studio – which could also serve as a separate apartment space. Walkout lower-level features custom bar/billiard area, family room with fireplace and the fifth bedroom. Step out to the expansive screened patio with fireplace opening to the sprawling level lawn and miles of southerly views of Lake Minnetonka. Picture-perfect lakefront with crystal clear water, hard sand bottom, and charming boathouse on the shore. Long list of extra amenities including geothermal heating and cooling, large lower-level space for storage or future gym and an elevator serving all three floors. Prime location, minutes to downtown Excelsior and Wayzata, close to restaurants, shopping, multiple trails and parks.
Active
Price cut: $251K (3/5)
$6,499,000
2789 Pheasant Rd, Orono, MN 55331
5beds
8,691sqft
Est.:
Single Family Residence
Built in 2012
1.05 Acres Lot
$6,149,100 Zestimate®
$748/sqft
$-- HOA
What's special
- 157 days |
- 3,727 |
- 91 |
Zillow last checked: 7 hours ago
Listing updated: March 04, 2026 at 06:27pm
Listed by:
Gregg J Larsen 612-719-4477,
Coldwell Banker Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6803451
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 1
- 3/4 bathrooms: 3
- 1/2 bathrooms: 2
Bedroom
- Level: Upper
- Area: 513 Square Feet
- Dimensions: 19 x 27
Bedroom 2
- Level: Upper
- Area: 182 Square Feet
- Dimensions: 14 x 13
Bedroom 3
- Level: Upper
- Area: 220 Square Feet
- Dimensions: 11 x 20
Bedroom 4
- Level: Upper
- Area: 195 Square Feet
- Dimensions: 13 x 15
Bedroom 5
- Level: Lower
- Area: 210 Square Feet
- Dimensions: 14 x 15
Other
- Level: Lower
- Area: 110 Square Feet
- Dimensions: 10 x 11
Other
- Level: Lower
- Area: 234 Square Feet
- Dimensions: 18 x 13
Dining room
- Level: Main
- Area: 266 Square Feet
- Dimensions: 19 x 14
Exercise room
- Level: Upper
- Area: 156 Square Feet
- Dimensions: 13 x 12
Family room
- Level: Lower
- Area: 950 Square Feet
- Dimensions: 38 x 25
Kitchen
- Level: Main
- Area: 280 Square Feet
- Dimensions: 14 x 20
Laundry
- Level: Upper
- Area: 88 Square Feet
- Dimensions: 11 x 8
Laundry
- Level: Lower
- Area: 30 Square Feet
- Dimensions: 5 x 6
Living room
- Level: Main
- Area: 380 Square Feet
- Dimensions: 19 x 20
Mud room
- Level: Main
- Area: 184 Square Feet
- Dimensions: 8 x 23
Office
- Level: Main
- Area: 40 Square Feet
- Dimensions: 5 x 8
Patio
- Level: Lower
- Area: 560 Square Feet
- Dimensions: 35 x 16
Play room
- Level: Lower
- Area: 117 Square Feet
- Dimensions: 9 x 13
Other
- Level: Upper
- Area: 532 Square Feet
- Dimensions: 19 x 28
Study
- Level: Main
- Area: 132 Square Feet
- Dimensions: 11 x 12
Sun room
- Level: Main
- Area: 437 Square Feet
- Dimensions: 19 x 23
Other
- Level: Main
- Area: 544 Square Feet
- Dimensions: 34 x 16
Heating
- Geothermal, In-Floor Heating
Cooling
- Geothermal
Appliances
- Included: Air-To-Air Exchanger, Dishwasher, Disposal, Dryer, ENERGY STAR Qualified Appliances, Exhaust Fan, Freezer, Humidifier, Water Filtration System, Water Osmosis System, Range, Refrigerator, Wall Oven, Washer, Water Softener Owned
- Laundry: Lower Level, Laundry Room, Sink, Upper Level
Features
- Basement: Drain Tiled,Finished,Full,Storage Space,Sump Pump,Walk-Out Access
- Number of fireplaces: 5
- Fireplace features: Family Room, Gas, Living Room, Primary Bedroom, Other, Wood Burning
Interior area
- Total structure area: 8,691
- Total interior livable area: 8,691 sqft
- Finished area above ground: 6,283
- Finished area below ground: 2,408
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Attached, Asphalt, Driveway - Other Surface, Floor Drain, Garage, Garage Door Opener, Heated Garage, Insulated Garage
- Attached garage spaces: 4
- Has uncovered spaces: Yes
- Details: Garage Dimensions (26 x 44)
Accessibility
- Accessibility features: Accessible Elevator Installed
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck, Front Porch, Patio, Screened
- Pool features: None
- Fencing: Invisible
- Has view: Yes
- View description: Lake, Panoramic, South
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake Front, Lake Bottom(Hard, Excellent Sand)
- Frontage length: Water Frontage: 100
Lot
- Size: 1.05 Acres
- Features: Tree Coverage - Medium
Details
- Additional structures: Boat House
- Foundation area: 2736
- Parcel number: 2111723320005
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Shake
Condition
- New construction: No
- Year built: 2012
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Orono
Financial & listing details
- Price per square foot: $748/sqft
- Tax assessed value: $4,626,800
- Annual tax amount: $51,224
- Date on market: 10/14/2025
Estimated market value
$6,149,100
$5.84M - $6.46M
$7,694/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/5/2026 | Price change | $6,499,000-3.7%$748/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6803451 Report a problem | ||
| 10/16/2025 | Listed for sale | $6,750,000+1263.6%$777/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6803451 Report a problem | ||
| 8/20/1996 | Sold | $495,000$57/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $47,007 +12.9% | $4,626,800 +8.2% |
| 2024 | $41,632 +3.3% | $4,277,800 +9.4% |
| 2023 | $40,318 +8.5% | $3,910,500 +0.1% |
| 2022 | $37,168 -2.4% | $3,905,000 +24.3% |
| 2021 | $38,091 -4.6% | $3,142,000 -0.7% |
| 2020 | $39,920 +4.8% | $3,165,000 +0.7% |
| 2019 | $38,091 -4.6% | $3,143,000 -0.8% |
| 2018 | $39,920 -8.1% | $3,167,000 +4.6% |
| 2017 | $43,426 +4.8% | $3,028,000 +2.3% |
| 2016 | $41,443 +1% | $2,960,000 +22.9% |
| 2015 | $41,049 +21.6% | $2,408,000 +169.1% |
| 2014 | $33,767 +143.4% | $895,000 -19.1% |
| 2013 | $13,875 -5.9% | $1,106,000 -9% |
| 2012 | $14,743 -3.6% | $1,215,000 -13.5% |
| 2011 | $15,287 +4.9% | $1,405,000 -4.3% |
| 2010 | $14,574 +7.4% | $1,468,000 +1.4% |
| 2009 | $13,572 +44.9% | $1,448,000 +52.1% |
| 2006 | $9,368 +5.9% | $952,200 +15% |
| 2005 | $8,846 +14.3% | $828,000 +15% |
| 2004 | $7,740 +1.5% | $720,000 +13.9% |
| 2002 | $7,626 -37.1% | $632,000 |
| 2001 | $12,134 | -- |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$39,852/mo
Principal & interest
$33515
Property taxes
$6337
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Climate risks
Neighborhood: 55331
Nearby schools
GreatSchools rating
- 9/10Shirley Hills Primary SchoolGrades: K-4Distance: 2.7 mi
- 9/10Grandview Middle SchoolGrades: 5-7Distance: 3.4 mi
- 9/10Mound-Westonka High SchoolGrades: 8-12Distance: 3.9 mi
Local experts in 55331
- Minnesota
- Hennepin County
- Orono
- 55331
- 2789 Pheasant Rd
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