Fantastic opportunity for private wooded views in Minnetonka’s Lake Forest town home neighborhood! The entry is flooded with natural light, soaring ceilings and grand staircase that leads to open concept Living Room with gas fireplace/Dining/Kitchen areas! Granite counters, stainless steel appliances, plenty of storage and informal Dining space are highlights of the Kitchen, but your favorite room is likely to be the cozy Sunroom overlooking spacious deck and nature! Main level washer and dryer makes laundry a breeze! Convenient chair lift makes the upper level handicap accessible for all to enjoy brand-new carpet and HUGE Bedrooms! The Primary Suite features another fireplace and more of the coveted views, plus large Bathroom with walk in closet, double vanity and separate tub and shower! The 2nd Bedroom offers over 300 sq ft and could easily be converted to 2 separate rooms, or used as a fantastic office, guest suite or flex space, all of which can utilize the shared full Bathroom in the hallway. Head downstairs for the enormous Family Room and several storage spaces that offer flexibility for another Bedroom if desired! Located near several parks, trails and close proximity to Shady Oak Beach, Glen Lake along with local favorite shops and markets!
Active
Price cut: $10K (11/21)
$489,900
5427 Butternut Cir, Minnetonka, MN 55343
2beds
3,486sqft
Est.:
Townhouse Side x Side
Built in 1989
3,049.2 Square Feet Lot
$479,100 Zestimate®
$141/sqft
$540/mo HOA
What's special
Gas fireplaceFlexibility for another bedroomSpacious deckCozy sunroomPrivate wooded viewsSoaring ceilingsNatural light
- 79 days |
- 1,048 |
- 35 |
Zillow last checked: 8 hours ago
Listing updated: December 05, 2025 at 12:07pm
Listed by:
Patrick Morgan 612-803-2339,
Coldwell Banker Realty,
Michelle L Skott Morgan 763-350-7949
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6788709
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Rooms
- Room types: Living Room, Kitchen, Dining Room, Family Room, Bedroom 1, Bedroom 2, Primary Bathroom, Laundry, Deck, Porch, Foyer
Bedroom 1
- Level: Upper
- Area: 400 Square Feet
- Dimensions: 16x25
Bedroom 2
- Level: Upper
- Area: 252 Square Feet
- Dimensions: 12x21
Primary bathroom
- Level: Upper
- Area: 171 Square Feet
- Dimensions: 19x9
Deck
- Level: Main
- Area: 230 Square Feet
- Dimensions: 23x10
Dining room
- Level: Main
- Area: 153 Square Feet
- Dimensions: 9x17
Family room
- Level: Lower
- Area: 400 Square Feet
- Dimensions: 16x25
Foyer
- Level: Main
- Area: 187 Square Feet
- Dimensions: 17x11
Kitchen
- Level: Main
- Area: 198 Square Feet
- Dimensions: 18x11
Laundry
- Level: Main
- Area: 45 Square Feet
- Dimensions: 9x5
Living room
- Level: Main
- Area: 255 Square Feet
- Dimensions: 15x17
Porch
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Air-To-Air Exchanger, Dishwasher, Disposal, Dryer, Electronic Air Filter, Exhaust Fan, Microwave, Range, Refrigerator, Washer, Water Softener Owned
Features
- Basement: Daylight,Egress Window(s),Finished,Full,Storage Space
- Number of fireplaces: 2
- Fireplace features: Gas, Living Room, Primary Bedroom
Interior area
- Total structure area: 3,486
- Total interior livable area: 3,486 sqft
- Finished area above ground: 2,415
- Finished area below ground: 624
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached, Asphalt
- Attached garage spaces: 2
Accessibility
- Accessibility features: Grab Bars In Bathroom, Stair Lift
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Porch
- Pool features: None
- Fencing: None
Lot
- Size: 3,049.2 Square Feet
- Features: Irregular Lot, Many Trees
Details
- Foundation area: 1032
- Parcel number: 3511722220027
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse Side x Side
- Attached to another structure: Yes
Materials
- Fiber Cement, Other, Block
Condition
- Age of Property: 36
- New construction: No
- Year built: 1989
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Lake Forest
HOA
- Has HOA: Yes
- Amenities included: In-Ground Sprinkler System
- Services included: Hazard Insurance, Lawn Care, Maintenance Grounds, Professional Mgmt, Trash, Snow Removal
- HOA fee: $540 monthly
- HOA name: Cities Mgmt
- HOA phone: 612-381-8600
Location
- Region: Minnetonka
Financial & listing details
- Price per square foot: $141/sqft
- Tax assessed value: $505,700
- Annual tax amount: $6,678
- Date on market: 9/23/2025
- Cumulative days on market: 79 days
Estimated market value
$479,100
$455,000 - $503,000
$3,240/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/21/2025 | Price change | $489,900-2%$141/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6788709 Report a problem | ||
| 9/23/2025 | Listed for sale | $499,900+45.7%$143/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6788709 Report a problem | ||
| 4/30/2008 | Sold | $343,000$98/sqft |
Source:  Lake Superior Area Realtors #1884631 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,678 +17.8% | $505,700 -5.8% |
| 2024 | $5,671 +3.7% | $536,600 +11.7% |
| 2023 | $5,470 +4.7% | $480,300 +2.5% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,578/mo
Principal & interest
$2406
HOA Fees
$540
Other costs
$633
Climate risks
Neighborhood: 55343
Nearby schools
GreatSchools rating
- 2/10Gatewood Elementary SchoolGrades: PK-6Distance: 1.5 mi
- 4/10Hopkins West Junior High SchoolGrades: 6-9Distance: 2 mi
- 8/10Hopkins Senior High SchoolGrades: 10-12Distance: 4 mi
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