OFF MARKET

Off market sep 2023 for $2.7M

—

Est. refi paymentEst. refi $4,002/mo

Land

•

23.14

acres (lot)

18116 Ridgewood Rd, Wayzata, MN 55391

About this home

Fantastic 23-acre estate or development opportunity in Minnetonka! Private setting with mature trees, wetlands, pond and spectacular views. Award winning Minnetonka schools including Deephaven Elementary! Property is zoned R-1 (low density residential). Open to all builders and developers. Site includes a single family home and outbuilding but value is in the land. Fabulous location north of Hwy 7 and west of Hwy 101. Close to schools, parks, shopping, restaurants and golf. Minutes to downtown Excelsior and Wayzata.

Vacant landProperty Type

23.14 acresLot Size

$0Price/Acres

Listed by Richard Schwarz • Lakes Sotheby's International

Redfin checked: 2 minutes ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #6225903

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 55345, MN

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

101.0%

+0.1% MoM

Median sale price

$540K

$7K MoM

Avg. days on market

15d

1 days MoM

Recently sold homes

109

3 MoM

New listings for sale

$3,995,000
3 beds3 baths3,193 sq ft
935 Lake St E #403, Wayzata, MN 55391
NEW 12 HRS AGO
$1,750,000
4 beds4 baths2,834 sq ft
3021 Lake Shore Blvd, Wayzata, MN 55391
$799,900
4 beds3 baths3,200 sq ft
435 Far Hill Rd, Wayzata, MN 55391
NEW 20 HRS AGO
$2,250,000
2 beds3 baths2,235 sq ft
875 Lake St N #220, Wayzata, MN 55391
$265,000
1 bed1 bath724 sq ft
205 Barry Ave S #311, Wayzata, MN 55391
OPEN SAT, 3PM TO 5PM
$7,895,000
6 beds7 baths6,385 sq ft
1225 Shoreline Dr, Wayzata, MN 55391
$2,625,000
4 beds2 baths2,545 sq ft
1620 Shadywood Rd, Wayzata, MN 55391
COMING SOON
$1,765,000
5 beds5 baths4,022 sq ft
45 Smith Ave, Wayzata, MN 55391
$999,000
3 beds4 baths3,326 sq ft
17530 Sanctuary Dr, Wayzata, MN 55391
OPEN SAT, 12PM TO 2PM
$799,900
6 beds4 baths3,246 sq ft
305-307 Reno St, Wayzata, MN 55391
See all

Provided by Redfin

Sale history for 18116 Ridgewood Rd

Date

Event

Price

NORTHSTARMLS as Distributed by MLS Grid #6225903

Sep 15, 2023

Sold

$2,700,000

Aug 18, 2023

Pending

—

Sep 29, 2022

Contingent

—

Jun 24, 2022

Listed

$2,995,000

NORTHSTARMLS as Distributed by MLS Grid #6140959

Mar 3, 2022

Contingent

—

Jan 10, 2022

Listed

$3,150,000

Public Records

May 18, 2011

Sold

$850,000

Public Records

May 18, 2011

Sold

$825,000

NORTHSTARMLS as Distributed by MLS Grid #3982318

Apr 9, 2011

Listing Removed

—

Oct 18, 2010

Listed

$1,249,000

NORTHSTARMLS as Distributed by MLS Grid #3900019

May 20, 2010

Listing Removed

—

Mar 23, 2010

Listed

$1,900,000

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Year

Property tax

Land + Additions

Assessment*

2025

$37,874 (+14.2%)

$2,400,000

2024

$33,156 (+2.0%)

$1,875,000 + $430,100

$2,305,100

2023

$32,491 (+132.7%)

$1,875,000 + $373,500

$2,248,500

2022

$13,964 (+0.9%)

$625,000 + $304,900

$929,900

2021

$13,836 (−2.7%)

$625,000 + $300,300

$925,300

2020

$14,227 (+2.1%)

$625,000 + $287,300

$912,300

2019

$13,935 (−0.9%)

$625,000 + $267,200

$892,200

2018

$14,056 (+7.7%)

$625,000 + $267,800

$892,800

2017

$13,051 (+2.4%)

$625,000 + $203,100

$828,100

2015

$12,739 (−8.7%)

$625,000 + $176,400

$801,400

2014

$13,952 (+7.3%)

$625,000 + $216,900

$841,900

2013

$12,999 (+66.8%)

$625,000 + $184,700

$809,700

2012

$7,792

$325,000 + $216,200

$541,200

Tax history for 18116 Ridgewood Rd

Year

Property tax

Land + Additions

Assessment*

2025

$37,874 (+14.2%)

$2,400,000

2024

$33,156 (+2.0%)

$1,875,000 + $430,100

$2,305,100

2023

$32,491 (+132.7%)

$1,875,000 + $373,500

$2,248,500

2022

$13,964 (+0.9%)

$625,000 + $304,900

$929,900

2021

$13,836 (−2.7%)

$625,000 + $300,300

$925,300

2020

$14,227 (+2.1%)

$625,000 + $287,300

$912,300

2019

$13,935 (−0.9%)

$625,000 + $267,200

$892,200

2018

$14,056 (+7.7%)

$625,000 + $267,800

$892,800

2017

$13,051 (+2.4%)

$625,000 + $203,100

$828,100

2015

$12,739 (−8.7%)

$625,000 + $176,400

$801,400

2014

$13,952 (+7.3%)

$625,000 + $216,900

$841,900

2013

$12,999 (+66.8%)

$625,000 + $184,700

$809,700

2012

$7,792

$325,000 + $216,200

$541,200

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

19.7 Acres

Year renovated

1947

Sq. Ft.

4,778

Year built

1947

Style

Single Family Residential

County

Hennepin County

APN

19 117 22 42 0001

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 5, 2026.

Property details

Exterior

Exterior Features
Fencing: Wood

Waterfront Information
Waterfront Features: Pond
Waterfront Num: 999999999

Property Information
FractionalOwnershipYN: No
Development Status: Other
Property Type: Land
Property Sub Type Description: Acreage,Development,Residential Lot
Other Structures: Pole Building
Has Additional Parcels

Lot Information
Builder Restrict: Open
Lot Features: Irregular Lot, Tree Coverage - Medium
Lot Size Area: 23.14
Lot Size Units: Acres
Lot Size Dimensions: 654x1482x656x1608
Road Frontage Type: City Street, Curbs, Paved Streets, Sidewalks
Road Responsibility: Public Maintained Road
Improvements: Curbs,Paved Streets,Public Road,Sidewalks

Financial

Tax Information
Tax Annual Amount: $14,128
Tax Year: 2022
Tax With Assessments: $14,128

Lease / Rent Details
RentalLicense Y/N: No

Utilities

Utility Information
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Private Well Connected, Sewer Connected, Phone Connected, Water Connected, Cable Available, Electricity Available, Natural Gas Available, Private Well Available, Sewer Available, Phone Available, Water Available

Location

School Information
High School District: Minnetonka
School District Number: 276
School District Phone: 952-401-5000

Location Information
Directions: From Hwy 7, North on Hwy 101, Left on Ridgewood Road to property on Right.
Map Coordinate: 118-C2
Topography: Rolling,Walkout

Public facts

Beds: 5
Baths: 3.0
Sq. Ft.: 4,778
Stories: 1.0
Lot Size: 19.7 acres
Style: Single Family Residential
Year Built: 1947
Year Renovated: 1947
County: Hennepin County
APN: 19 117 22 42 0001

Home facts updated by county records on Jun 5, 2026

Other

Documents & Disclosures
Restrictions: None

Around this home

Schools

Deephaven Elementary School

Public K-5 • Assigned • 0.7mi

9/10

Minnetonka East Middle School

Public 6-8 • Assigned • 0.7mi

9/10

Minnetonka Senior High School

Public 9-12 • Assigned • 1.2mi

10/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

2/10 Fire Factor

0.00% chance of being 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

1 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Wayzata, MN • 55391

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.5 hours in June and 3.6 hours in December, which is comparable to the U.S. average for solar exposure.

10.5 hrs

3.6 hrs

JuneDecember

Provided by Shadowmap

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New listings for sale in 55391

$3,995,000

3 beds3 baths3,193 sq ft

935 Lake St E #403, Wayzata, MN 55391

NEW 12 HRS AGO3D WALKTHROUGH

$1,750,000

4 beds4 baths2,834 sq ft

3021 Lake Shore Blvd, Wayzata, MN 55391

$799,900

4 beds3 baths3,200 sq ft

435 Far Hill Rd, Wayzata, MN 55391

NEW 20 HRS AGO

$2,250,000

2 beds3 baths2,235 sq ft

875 Lake St N #220, Wayzata, MN 55391

$265,000

1 bed1 bath724 sq ft

205 Barry Ave S #311, Wayzata, MN 55391

OPEN SAT, 3PM TO 5PM3D WALKTHROUGH

$7,895,000

6 beds7 baths6,385 sq ft

1225 Shoreline Dr, Wayzata, MN 55391

$2,625,000

4 beds2 baths2,545 sq ft

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COMING SOON

$1,765,000

5 beds5 baths4,022 sq ft

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3 beds4 baths3,326 sq ft

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Home values near 18116 Ridgewood Rd

Data from public records.

Address	Redfin Estimate
4285 Lindsey Ln, Minnetonka, MN 3 Beds \| 3 Baths \| - Sq. Ft.	$387,168
4233 Lindsey Ln, Minnetonka, MN 3 Beds \| 4 Baths \| - Sq. Ft.	$1,428,466

Address	Redfin Estimate
4289 Lindsey Ln, Minnetonka, MN 3 Beds \| 2.5 Baths \| 1396 Sq. Ft.	$377,498
4216 Powderhorn Cir, Minnetonka, MN 4 Beds \| 3 Baths \| 2260 Sq. Ft.	$544,490

Address	Redfin Estimate
18310 Kylie Ct, Minnetonka, MN 5 Beds \| 4.5 Baths \| 5237 Sq. Ft.	$1,629,561
4224 Powderhorn Cir, Minnetonka, MN 4 Beds \| 2.5 Baths \| 2356 Sq. Ft.	$623,451

Property information provided by NORTHSTARMLS as Distributed by MLS Grid when last listed in 2022. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 55345, MN

Sale history for 18116 Ridgewood Rd

Tax history for 18116 Ridgewood Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 55391

Home values near 18116 Ridgewood Rd

More real estate resources