Sold
Last Sold Price
4 beds2,900 sqft$190/sqft
5240 Ridgeway Dr, Minnetonka, MN 55345
Single FamilyProperty Type
0.35 acresLot Size
1953Year Built
$190/sq ftPrice per sq ft
2 carsParking Spaces

Description

  • Listed by: • RE/MAX Advantage Plus
Listing closed: 03/31/2023 12:00 AM • Source: NorthStar, MLS#: 6332779

Recent comparable sales

Median sold price

$629,500

Avg days on market

28

Sale-to-list ratio

93.6%

Minnetonka, MN

9 comparable properties found

$620,000 | 13982 Mt Terrace, Minnetonka, MN 55345
1

$620,000

Sold 07/29/25

4
Bedrooms
3,055
Square Feet
0.43
Acres
$635,000 | 5221 Knob Hill Court, Minnetonka, MN 55345
1/7
2

$635,000

Sold 04/15/26

4
Bedrooms
2,612
Square Feet
0.41
Acres
$599,000 | 4462 Ellerdale Road, Minnetonka, MN 55345
3

$599,000

Sold 12/20/24

4
Bedrooms
3,262
Square Feet
0.5
Acres
$480,000 | 5076 Woodgate Court, Minnetonka, MN 55345
4

$480,000

Sold 11/05/25

4
Bedrooms
2,725
Square Feet
0.73
Acres
$617,500 | 13801 Lake Street Extension, Minnetonka, MN 55345
5

$617,500

Sold 07/11/25

4
Bedrooms
2,784
Square Feet
0.02
Acres
$664,000 | 14217 Brunsvold Road, Minnetonka, MN 55345
6

$664,000

Sold 05/23/25

4
Bedrooms
2,394
Square Feet
2.88
Acres
$638,000 | 4705 Karen Circle, Minnetonka, MN 55343
7

$638,000

Sold 08/01/25

4
Bedrooms
2,581
Square Feet
0.52
Acres
$650,000 | 4713 Fairhills Road West, Minnetonka, MN 55345
1/67
8

$650,000

Sold 07/02/26

4
Bedrooms
2,969
Square Feet
0.51
Acres
$629,500 | 5754 Holiday Court, Minnetonka, MN 55345
1/2
9

$629,500

Sold 06/06/25

4
Bedrooms
2,435
Square Feet
0.61
Acres

Location

Listing Courtesy of RE/MAX Advantage Plus
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Property Information for 5240 Ridgeway Drive

Property Details
  • Taxes: $5,325 / year
  • MLS Type: Residential / Single Family Residence
  • Subdivision Name: Tract T
  • Zoning Jurisdiction: Residential-Single Family
Building Information
  • Year Built: 1953
  • Lot Size: 0.35 AC / 15,245 SF
Summary
Location and General Information
  • City Name: Minnetonka
  • County Or Parish: Hennepin
  • County: Hennepin-MN
  • Directions: Excelsior Blvd. west to Crestwood Rd, turn left (south), to Ridgeway Dr, turn left (east)
  • Latitude: 44.908517
  • Longitude: -93.454182
  • Map Coordinate: 118-E3
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Minnetonka
  • City and Location Text: Minnetonka(MN)
  • Postal Code: 55345
  • State Or Province: MN
  • Public Survey Township: 117
Taxes and HOA Information
  • Additional Parcels: No
  • Association Fee: $.00
  • Association: No
  • Parcel Number: 2711722340044
  • Tax Annual Amount: $5,325.00
  • Tax Legal Description: REG. LAND SURVEY NO. 0214 TRACT T
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2022
  • Tax With Assessments: 5325.0000
School Information
  • High School District: 270 - Hopkins
  • School District Number: 270
  • School District Phone: 952-988-4000
Property
Lot Information
  • Above Grade Fin SQFT: 1626.0
  • Below Grade Fin SQFT: 1274.0
  • SQFT Total: 2900.0
  • Lot Size Area: 0.35
  • Lot Size Dimensions: 127x111x133x115
  • Lot Size Square Feet: 15246.0
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • SQFT Main Total: 1626.0000
  • Building Area Total: 2900.0
  • Above Grade SqFt Total: 1626.0000
  • Below Grade SqFt Total: 1274.0000
Property and Assessments
  • Age Of Property: 72
Utilities
  • Electric: Circuit Breakers
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Fencing: Chain Link
  • Foundation Area: 1274.0
  • Fuel: Natural Gas
  • Road Frontage Type: City Street
  • Roof: Age 8 Years or Less, Architectural Shingle, Asphalt
  • Patio Porch Type: Composite Decking,Deck,Front Porch,Patio
Interior Features
  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Humidifier, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned
  • Basement Type: Block, Egress Window(s), Finished
  • Amenities Unit: Deck,Hardwood Floors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Patio,Washer/Dryer Hookup,Walk-In Closet
  • Bath Desc: Bathroom Ensuite,Full Basement,Main Floor Full Bath
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total Count: 3
  • Bedrooms Total: 4
  • Fireplace Features: Brick, Family Room, Living Room, Wood Burning
  • Fireplaces Total: 2
  • FireplaceYN: Yes
  • Cooling: Central Air
  • Dining Room Description: Eat In Kitchen,Informal Dining Room
  • DP Resource: Y
  • Garage Dimensions: 22x22
  • Garage Square Feet: 484
  • Heating: Forced Air, Radiant Floor
  • Levels: One
  • Room Type: Kitchen, Dining Room, Living Room, Bedroom 1, Bedroom 2, Bedroom 3, Deck, Family Room, Game Room, Bedroom 4, Laundry, Patio
  • Room List: Kitchen, Dining Room, Living Room, Bedroom 1, Bedroom 2, Bedroom 3, Deck, Family Room, Game Room, Bedroom 4, Laundry, Patio
  • Basement YN: Yes
Room Information
Room 1
  • Room Dimensions: 22x15
  • Room Level: Main
  • Room Type: Kitchen
Room 2
  • Room Dimensions: 14x13
  • Room Level: Main
  • Room Type: Dining Room
Room 3
  • Room Dimensions: 16x13
  • Room Level: Main
  • Room Type: Living Room
Room 4
  • Room Dimensions: 16x14
  • Room Level: Main
  • Room Type: Bedroom 1
Room 5
  • Room Dimensions: 13x11
  • Room Level: Main
  • Room Type: Bedroom 2
Room 6
  • Room Dimensions: 11x11
  • Room Level: Main
  • Room Type: Bedroom 3
Room 7
  • Room Dimensions: 16x22
  • Room Level: Main
  • Room Type: Deck
Room 8
  • Room Dimensions: 24x12
  • Room Level: Lower
  • Room Type: Family Room
Room 9
  • Room Dimensions: 17x16
  • Room Level: Lower
  • Room Type: Game Room
Room 10
  • Room Dimensions: 17x10
  • Room Level: Lower
  • Room Type: Bedroom 4
Room 11
  • Room Dimensions: 10x10
  • Room Level: Lower
  • Room Type: Laundry
Room 12
  • Room Dimensions: 16x16
  • Room Level: Lower
  • Room Type: Patio

Property History for 5240 Ridgeway Drive

DateEvent & SourcePriceAppreciation
Mar 31, 2023

Sold (Public Record)

Public Record #1508490446

$550,000

+6.3% / yr

Mar 31, 2023

Sold

NorthStar #6332779

$550,000
Mar 14, 2023

Pending

NorthStar #6332779

DateEvent & SourcePrice
03/31/2023

Sold (Public Record)

Public Record #1508490446

$550,000

+6.3% / yr

03/31/2023

Sold

NorthStar #6332779

$550,000
03/14/2023

Pending

NorthStar #6332779

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 5240 Ridgeway Drive

Taxable ValueLand$202,400Additions$346,500Total$548,900
Tax Record2025$7,215 ($601 / month)
Home Facts
Beds5Baths3Total Finished SqFt1,626 SqFtAbove Grade Finished SqFt1,626 SqFtStories1Lot Size15,246 SqFtStyleSingle Family ResidenceYear Built1953Year Renovated1995ZoningR-1CountyHENNEPINAPN27-117-22-34-0044

Schools near 5240 Ridgeway Drive

This home is within Hopkins Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 12
Rating
School
Distance
Gatewood Elementary School
PublicPK to 5

Hopkins West Junior High School
Public6 to 8

Hopkins Senior High School
Public9 to 12

Transition Plus
Public12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 5240 Ridgeway Drive, Minnetonka, MN 55345
$550,000
4
2,900
15,245
$486,108
3
2,850
0
$273,900
3
2,046
13,939
3
1
1,120
13,504
$324,900
3
1,749
13,939
$274,600
4
2,464
17,859

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Advantage Plus

Based on information submitted to the MLS GRID as of 05/06/2025 05:25 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information 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 data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.