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16515 Prospect Place

Minnetonka, MN 55391

4 beds
3 baths
2,482 sqft
~1/2 acre lot
$281 per sqft
1984 build
– on site

Relaxed lake-life meets high style and sophistication. Completely updated and remodeled, every detail has been meticulously finished to the highest standards. The open floorplan is filled with natural light and tranquil views. The brand-new kitchen is complete with top-of-the-line stainless steel appliances, professional vent hood, elegant quartz countertops, custom tile backsplash, pot-filler, and beautiful cabinetry that provides thoughtful storage and plenty of space for everything. A separate pantry tops it off perfectly. Don’t miss the built-in coffee station – a custom touch sure to impress the barista in your home! Modern LVP floors flow seamlessly throughout the kitchen, living, and dining areas. The main floor private owner’s suite showcases two separate closets, double vanities, and separate shower. A seated makeup vanity completes the private bath suite. The second bedroom and full bath are also located on the main floor. Enjoy cozy evenings by the wood-burning fireplace located in the main floor living room, perfect for creating memorable moments with family and friends. Two dining options include a large eat-in kitchen with built-in banquette seating or you may prefer the casual dining space adjacent to the living room. The daylight basement offers additional living spaces including 2 bedrooms another ¾ bath, an office and a generous family room with daylight views of the nearly ½ acre yard. The charming wine bar just off the family room is sure to delight. Situated on a large homesite with mature trees, this home also offers a screened gazebo creating a delightful opportunity for entertaining or relaxing. The oversized garage offers plenty of space for your vehicles and storage needs. Location is everything, and this home delivers! Just a short walk to the picturesque trails of Lake Minnetonka and only one block from the charming Libbs Lake. Close to Lake Minnetonka recreation, grocery stores, dining options and world-class schools.

Listing courtesy of NORTHSTAR / Gregg Murray / eXp Realty

Last checked: Checking… • Last updated Apr 16, 2025 •

MLS# 6700794 —

The Building

Year Built:

1984
New Construction:

false
Age Of Property:

41
Construction Materials:

Brick/Stone, Fiber Cement
Construction Materials Desc:

Frame
Roof:

Age Over 8 Years, Asphalt
Accessibility Features:

None
Levels:

One
Main Level Finished Area:

1247.0000
Basement:

Daylight/Lookout Windows, Finished
Basement:

true
Foundation Area:

1247
Foundation Dimensions:

43x29
Manufactured Home:

No
Building Area Total:

2494
Above Grade Finished Area:

1247
Below Grade Finished Area:

1235

Interior

Dining Room Description:

Eat In Kitchen,Informal Dining Room
Fireplace:

true
Fireplaces Total:

1
Fireplace Features:

Living Room
Amenities:

Ceiling Fan(s),Ethernet Wired,Kitchen Window,Main Floor Primary Bedroom,Tile Floors,Washer/Dryer Hookup,Walk-In Closet

Room Dimensions

Living Area:

2482

Location

Directions:

Minnetonka Blvd. (5) to Lake Shore Blvd. to Prospect Place. Home on left.
Latitude:

44.942953
Longitude:

-93.488524

The Property

Parcel Number:

1711722130065
Zoning Description:

Residential-Single Family
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Attached:

false
Additional Parcels:

false
Lot Features:

Corner Lot, Many Trees
Lot Size Area:

0.44
Lot Size Dimensions:

199x156x233x35
Lot Size SqFt:

19166.4
Lot Size Units:

Acres
Road Frontage Type:

City Street
Road Responsibility:

Public Maintained Road
Water Source:

City Water/Connected
Other Structures:

Gazebo, Storage Shed
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

6653
Tax With Assessments:

6653.0000

Beds

Bedrooms Total:

4

Baths

Total Baths:

3
Bath Description:

3/4 Basement,Double Sink,His and Her Closets ,Private Primary,Main Floor 3/4 Bath,Main Floor Full Bath
Full Baths:

1
Three Quarter Baths:

2

Heating & Cooling

Heating:

Forced Air
Cooling:

Central Air

Utilities

Electric:

200+ Amp Service
Sewer:

City Sewer/Connected

Appliances

Appliances:

Dishwasher, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Washer, Water Softener Owned

Schools

High School District:

Minnetonka

The Community

Subdivision Name:

Thorpe Bros Groveland Shores
Pool Features:

None
Association:

false
Assessment Pending:

No

Parking

Parking Features:

Attached Garage, Asphalt, Garage Door Opener
Garage Spaces:

2
Garage Dimensions:

26x24
Garage SqFt:

624

Monthly cost estimate

Asking price

$699,900

Expense	Monthly cost
Mortgage	$3,747
Taxes	$554
Insurance	$192
Utilities	$186 See report
Total	$4,679/mo.^*
	^*This is an estimate

Explore the Area

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From

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Sale history

Date	Event	Source	Price	% Change
4/10/25 Apr 10, 2025	Listed / Active	NORTHSTAR	$699,900	62.8% (24.0% / YR)
8/29/22 Aug 29, 2022		NORTHSTAR	$430,000	-2.1%
8/11/22 Aug 11, 2022		NORTHSTAR	$439,000

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This house located in Minnetonka, MN 55391 is currently for sale for $699,900. 16515 Prospect Place is a 2,482 square foot house with 4 beds and 3 baths that has been on Estately for 6 days. This house is in the attendance area of Middle School East, Minnetonka High School, and Groveland Elementary School.

Listing Courtesy of: NORTHSTAR and eXp Realty.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.