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3535 Ivy Place

Orono, MN 55391

6 beds
5 baths
3,979 sqft
~1 acre lot
$414 per sqft
1976 build
– on site

3535 Ivy Place offers a rare opportunity: just over an acre of land with 90 feet of protected lakefront along Carman’s Bay on Lake Minnetonka. What a community on Casco Point, offering the small lake town feel within minutes of downtown. Navarre, Spring Park and Mound offer so many options for fun and eats. The multi-level home includes six bedrooms and five bathrooms. The home has been unoccupied for the last four years. A past plumbing leak requires inspection of the piping, along with likely replacement of fixtures and seals. Remarkably well-preserved, the residence presents multiple possibilities—repair for immediate use, renovate to enhance its charm, remodel for a modern touch, or remove it to create a custom lakefront retreat. The property’s value surely lies in its setting. With ample space on the lot, there’s potential for storage, outdoor living areas, and additional structures. Though in need of updated decking, dock, stairs, and landscaping, it offers a private connection to the bay. Inside, the home features hardwood floors, generous windows showcasing lake views, and a versatile layout across multiple levels. While it requires updates, its condition and location make it an exceptional foundation for the right buyer. Properties with this combination of lakefront access and expansive land are seldom available at this price point. This is an invitation to envision a lifestyle defined by Casco Point on Carman’s Bay!

Listing courtesy of NORTHSTAR / Chris Rooney / RE/MAX Preferred

Last checked: Checking… • Last updated Apr 15, 2025 •

MLS# 6681570 —

The Building

Year Built:

1976
New Construction:

false
Age Of Property:

49
Construction Materials:

Brick/Stone, Fiber Cement, Wood Siding
Roof:

Asphalt
Accessibility Features:

None
Levels:

Two
Main Level Finished Area:

1334.0000
Basement:

Daylight/Lookout Windows, Egress Window(s), Finished, Walkout
Basement:

true
Foundation Area:

1263
Manufactured Home:

No
Building Area Total:

3979
Above Grade Finished Area:

2824
Below Grade Finished Area:

1155

Interior

Dining Room Description:

Breakfast Area,Separate/Formal Dining Room
Fireplace:

true
Fireplaces Total:

2
Fireplace Features:

Family Room, Gas, Living Room
Amenities:

Ceiling Fan(s),Deck,Hardwood Floors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Natural Woodwork,Panoramic View,In-Ground Sprinkler,Vaulted Ceiling(s),Washer/Dryer Hookup,Walk-In Closet

Room Dimensions

Living Area:

3979

Location

Directions:

From intersections of Hwy 15 & 19, go West on 15 1/2 mile. Take a left on Casco Point Road just past the Dairy Queen. Follow Casco Point Road back (windy) for 1.5 miles and make a left at the top of the hill on Casco Circle. Follow Casco Circle one block and take your first left onto Ivy Place.
Latitude:

44.924006
Longitude:

-93.613289

The Property

Parcel Number:

2011723420035
Zoning Description:

Residential-Single Family
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Attached:

false
Additional Parcels:

false
Lot Features:

Irregular Lot, Many Trees
Lot Size Area:

1.02
Lot Size Dimensions:

Commons
Lot Size SqFt:

44431.2
Lot Size Units:

Acres
View:

Lake
Lake Chain:

N
Lake Acres:

14205
Lake Depth:

113
Lake Bottom:

Soft
Water Body Name:

Minnetonka
Waterfront Feet:

90
Road Between Waterfront and Home:

No
Road Frontage Type:

City Street
Water Source:

City Water/Connected
Other Structures:

Storage Shed
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

17198
Tax With Assessments:

17198.1200

Beds

Bedrooms Total:

6

Baths

Total Baths:

5
Bath Description:

3/4 Basement,Private Primary,Main Floor Full Bath,Upper Level Full Bath
Full Baths:

3
Three Quarter Baths:

2

Heating & Cooling

Heating:

Forced Air, Fireplace(s)
Cooling:

Central Air

Utilities

Sewer:

City Sewer/Connected

Appliances

Appliances:

Air-To-Air Exchanger, Cooktop, Dishwasher, Disposal, Dryer, Electronic Air Filter, Exhaust Fan, Humidifier, Microwave, Range, Refrigerator, Wall Oven, Washer

Schools

High School District:

Westonka

The Community

Pool Features:

None
Waterfront:

true
Waterfront Features:

Dock, Lake Front, Lake View
Association:

false
Assessment Pending:

Yes

Parking

Parking Features:

Attached Garage
Garage Spaces:

3
Garage Dimensions:

38x23
Garage SqFt:

874

Monthly cost estimate

Asking price

$1,650,000

Expense	Monthly cost
Mortgage	$8,835
Taxes	$1,433
Insurance	$453
Utilities	$255 See report
Total	$10,976/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price
4/3/25 Apr 3, 2025	Listed / Active	NORTHSTAR	$1,650,000
7/27/18 Jul 27, 2018	Sold	NORTHSTAR
5/19/14 May 19, 2014	Listed / Active	DAAR

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This house located in Orono, MN 55391 is currently for sale for $1,650,000. 3535 Ivy Place is a 3,979 square foot house with 6 beds and 5 baths that has been on Estately for 13 days. This house is in the attendance area of Mound-Westonka High School, Shirley Hills Primary School, and Grandview Middle School.

Listing Courtesy of: NORTHSTAR and RE/MAX Preferred.

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.