A rare opportunity to own a hard-to-find lake lot on Shady Oak Lake, offering a peaceful setting with incredible potential. The property features a spacious, well-positioned lot with convenient access off Shady Oak Road and the possibility for a walk-out new build. The existing home needs work, making this an excellent opportunity for an equity builder or redevelopment project in a highly desirable location. Enjoy the best of both worlds with this serene, lake-oriented setting while still being just minutes from downtown Hopkins, major roadways, and easy access to the LRT Trail.
Single-familyProperty Type
1906Year Built
0.54 acresLot Size
Listed by William Pauling• Keller Williams Premier Realty Lake Minnetonka
Est. $2,285 per month, based on comparable rentals
Redfin agents who toured
Property has views and access to Shady Oak Lake to the west and downtown Minneapolis is visible to the east.
Three bedrooms up with bathrooms
Main level includes a bedrooms with attached bath.
Lower level is partially finished and usable.
Charm...
and character await updates.
5 years ago• May not reflect the current state of the home
Elizabeth Jordan
Redfin Associate agent
Sale and tax history for 4936 Shady Oak Rd S
Sale History
Tax History
Date
Event
Price
NORTHSTARMLS as Distributed by MLS Grid #7060212
Jul 14, 2026
Sold
$450,000
Jun 4, 2026
Pending
—
Jun 1, 2026
Price Changed
$450,000
May 5, 2026
Price Changed
$530,000
Apr 22, 2026
Listed
$600,000
NORTHSTARMLS as Distributed by MLS Grid #7051670
Jul 14, 2026
Pending
—
Jul 14, 2026
Sold
$450,000
Jun 4, 2026
Contingent
—
Jun 1, 2026
Price Changed
$450,000
May 5, 2026
Price Changed
$530,000
Apr 9, 2026
Listed
$600,000
Apr 8, 2026
Coming Soon
$600,000
+11
Talk about a very hard to find lake lot close to the city plus convenient access to the LRT Trail. Enjoy Shady Oak Lake, close to downtown Hopkins and major road access. Lot access is conveniently off Shady Oak Road. A new build could potentially be a walk-out. We have build options; please inquire with your favorite real estate agent for more details.
NORTHSTARMLS as Distributed by MLS Grid #6100564
Mar 30, 2022
Sold
$541,000
Feb 21, 2022
Pending
—
Feb 15, 2022
Listed
$424,900
+49
Charming 2-story home with Shady Oak Lake located right in the city. Lots of opportunity to renovate existing home or build new. New furnace in 2016 and new exterior and paint and wood on deck in 2020. Footpath to your own swimming beach on 70' sandy lakeshore. Beautiful, wooded lot.
NORTHSTARMLS as Distributed by MLS Grid #4116559
Aug 31, 2012
Sold
$250,000
Aug 9, 2012
Listing Removed
—
Jan 20, 2012
Listed
$259,000
NORTHSTARMLS as Distributed by MLS Grid #3483293
Apr 16, 2009
Listing Removed
—
Jan 10, 2008
Listed
$500,000
Year
Property tax
Land + Additions
Assessment*
2026
$7,038 (+12.8%)
$340,100 + $197,600
$537,700
2025
$6,239 (+5.2%)
$340,100 + $167,200
$507,300
2024
$5,930 (+20.5%)
$340,100 + $161,700
$501,800
2023
$4,922 (−7.9%)
$277,700 + $143,900
$421,600
2022
$5,346 (+4.6%)
2021
$5,113 (+3.1%)
2020
$4,958 (+19.1%)
2019
$4,163 (+13.4%)
2018
$3,672 (+26.9%)
$218,400 + $54,500
$272,900
2017
$2,894 (−22.0%)
$157,500 + $54,700
$212,200
2015
$3,712 (−5.1%)
$150,000 + $81,600
$231,600
2014
$3,911 (+18.7%)
$150,000 + $80,000
$230,000
2013
$3,295 (+11.8%)
2012
$2,946
Public record
Public record
Permits
Beds
3
Baths
2
Stories
1.75
Lot width
100 ft.
Lot depth
—
Lot size
0.54 Acres
Year renovated
1980
Sq. Ft.
1,645
Year built
1906
Style
Single Family Residential
County
Hennepin County
APN
26 117 22 13 0038
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 30, 2026.
Aug 11, 2022 • Active
Electrical
Bathroom
Electrical
Jul 27, 2022 • Active
Plumbing
Plumbing
Water heater
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Features: Gravel
Interior
Virtual Tour
Bedroom Information
# of Bedrooms: 4
Bathroom Information
# of Full Baths (Total): 2
# of Half Baths (Total): 1
Description: Main Floor Full Bath,Upper Level Full Bath
Room 1 Information
Room Type: Deck
Room Dimensions: 28 x 9
Room Level: Main
Room 2 Information
Room Type: Dining Room
Room Dimensions: 13 x 9
Room Level: Main
Room 3 Information
Room Type: Family Room
Room Dimensions: 18 x 11
Room Level: Lower
Room 4 Information
Room Type: Bedroom
Room Dimensions: 14 x 11
Room Level: Main
Room 5 Information
Room Type: Bedroom 4
Room Dimensions: 17 x 15
Room Level: Upper
Room 6 Information
Room Type: Kitchen
Room Dimensions: 10 x 10
Room Level: Main
Room 7 Information
Room Type: Laundry
Room Dimensions: 7 x 6
Room Level: Lower
Room 8 Information
Room Type: Living Room
Room Dimensions: 19 x 12
Room Level: Main
Room 9 Information
Room Type: Bedroom 2
Room Dimensions: 14 x 12
Room Level: Upper
Room 10 Information
Room Type: Sun Room
Room Dimensions: 12 x 7
Room Level: Main
Room 11 Information
Room Type: Bedroom 3
Room Dimensions: 11 x 8
Room Level: Upper
Basement Information
Has Basement
Basement Features: Full
Heating & Cooling
Heating Information: Baseboard
Cooling Information: Window Unit(s)
Exterior
Building Information
Foundation Area: 780
Exterior Features
Exterior Features: Wood
Waterfront Information
On Waterfront
Waterfront Features: Lake Front, Lake View
Waterfront Feet: 70
Road Between Waterfront And Home Y/N: N
Property Information
Above Ground Total Sq. Ft.: 1,305
Below Ground Total Sq. Ft.: 186
FractionalOwnershipYN: No
Property Type: Residential
Above Grade Finished Area: 1,305
Below Grade Finished Area: 186
Amenities: Hardwood Floors,Washer/Dryer Hookup
Lot Information
Lot Size Area: 0.54
Lot Size Units: Acres
Lot Size Dimensions: 100X331L60X403
Financial
Tax Information
Tax Annual Amount: $6,239
Tax Year: 2025
Tax With Assessments: $6,239
Financial Information
Cash,Conventional
Utilities
Utility Information
Water Source: City Water/Connected
Sewer: City Sewer/Connected
Fuel: Natural Gas
Location
School Information
High School District: Hopkins
School District Number: 270
School District Phone: 9529884000
Location Information
Directions: From Excelsior Blvd, South on to Shady Oak Road. Just after bridge on the right.
Map Coordinate: 119-A2
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,645
Stories: 1.75
Lot Size: 0.54 acres
Style: Single Family Residential
Year Built: 1906
Year Renovated: 1980
County: Hennepin County
APN: 26 117 22 13 0038
Home facts updated by county records on Jul 30, 2026
Other
Home Information
Living Area: 1491
Living Area Units: Square Feet
Main Level Finished Area: 780
Building Area Total: 1491
Foundation Details: Stone
Levels: Two
Around this home
Schools
Gatewood Elementary School
Public PreK-5 • Assigned • 2.3mi
2/10
Hopkins West Junior High School
Public 6-8 • Assigned • 1.6mi
5/10
Hopkins Senior High School
Public 9-12 • Assigned • 3.1mi
8/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 98° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Minnetonka, MN • 55343
Average low and high temperatures (°F)
22
6
30
13
49
29
57
38
70
50
78
60
86
67
79
63
75
58
65
46
44
31
29
15
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
100/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 2% for direct sun exposure in Minnetonka. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$437,000 – $528,000
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