5338 Highland Rd

93,654 / 2.15
Lot Size / Acres

Description

Rarely does a property of this caliber become available: a pristine 2.15 acre south-facing estate site, offered for the first time in over five decades. Tucked within a canopy of mature hardwoods and lush, wildlife-filled gardens, this elevated parcel delivers sweeping, unobstructed views and an atmosphere of profound peace—enhanced by its proximity to the serene, private waters of 15-acre Wing Lake. The current residence is likely a teardown, clearing the way for your bespoke vision: craft a modern...Rarely does a property of this caliber become available: a pristine 2.15 acre south-facing estate site, offered for the first time in over five decades. Tucked within a canopy of mature hardwoods and lush, wildlife-filled gardens, this elevated parcel delivers sweeping, unobstructed views and an atmosphere of profound peace—enhanced by its proximity to the serene, private waters of 15-acre Wing Lake. The current residence is likely a teardown, clearing the way for your bespoke vision: craft a modern retreat, timeless estate, or family compound tailored precisely to your desires. Complementing the site are two valuable outbuildings—a 24x22 two-car garage and a delightful 25x16 barn with upper-level studio potential—ready to serve as workshop, guest quarters, or creative haven. A long, winding private driveway ensures seclusion while the location offers perfect balance: minutes from Minnetonka's premier shopping, dining, top-rated schools, and recreational amenities, yet only 20 minutes from downtown Minneapolis and MSP International Airport. In a market where exceptional land is increasingly scarce, this parcel stands out as the true asset—proving that value resides in the land itself. Open to all builders and dreamers alike. Schedule your private viewing today—opportunities this extraordinary are fleeting.
  1. Listed by Coldwell Banker Realty
  2. Listed by Coldwell Banker Realty

Property Details for 5338 Highland Road

Subdivision Name
Wing Lake Terrace 4th
View
Lake, South
Waterfront Features
Lake View
Zoning Jurisdiction
Residential-Single Family
LISTING UPDATED: 03/06/2026 02:37 PM

Property Details for 5338 Highland Road

StatusPending
MLS #7021371
Days on Compass10
Taxes$4,289 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size2.15 AC
CountyHennepin County

Location

Listing Courtesy of Coldwell Banker Realty
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Building Information for 5338 Highland Road

Lot Size2.15 AC

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OriginPoint Mortgage or Rocket Mortgage1

$3,474 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,117

Property Taxes

$357

HOA Dues

$0

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Property Information for 5338 Highland Road

Summary
Location and General Information
  • City Name: Minnetonka
  • County Or Parish: Hennepin
  • County: Hennepin-MN
  • Directions: Excelsior Blvd to North on Highland Rd to property.
  • Latitude: 44.906209
  • Longitude: -93.477058
  • Nbr of Acres: 15
  • Lake Name: Recreational Development
  • PLAT: 0
  • Map Coordinate: 118-D3
  • City and Location: Minnetonka
  • City and Location Text: Minnetonka(MN)
  • Postal Code: 55345
  • State Or Province: MN
  • Public Survey Township: 117
  • Waterfront Property YN: Yes
  • Topography: High Ground,Hilly,Solar Oriented,Walkout,Wooded
  • Water Body Name: Wing
  • Waterfront Footage: 27009100
Taxes and HOA Information
  • Additional Parcels: No
  • Association Fee: $.00
  • Association: No
  • Parcel Number: tbd
  • Tax Annual Amount: $4,289.00
  • Tax Legal Description: LOT 003 BLOCK 001 WING LAKE TERRACE 4TH
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2025
  • Tax With Assessments: 4289
School Information
  • High School District: 1218 - Hopkins
  • School District Number: 1218
  • School District Phone: 9529884000
Property
Lot Information
  • Living Area Units: Square Feet
  • Lot Features: Irregular Lot, Tree Coverage - Heavy, Underground Utilities
  • Lot Size Area: 2.15
  • Lot Size Dimensions: 75x373x110x55x156x256x220x200
  • Lot Size Units: Acres
  • Other Structures: Garage(s), Other
  • Present Use: Yearly
  • Program Acres Total: 0
  • Property Type: Land
Property and Assessments
  • Development Amenity Type: No
Utilities
  • Utilities: Broadband Available, Broadband Connected, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Storm Sewer Connected, Phone Available, Phone Connected, Underground Utilities Available, Underground Utilities Connected, Water Available, Water Connected
Interior and Exterior Features
Exterior Features
  • Fencing: Chain Link, Partial, Privacy, Wood
  • Road Frontage Type: City Street, Paved Streets, Storm Sewer
  • Road Responsibility: Public Maintained Road
Interior Features
  • Basement YN: No

Property History for 5338 Highland Road

DateEvent & SourcePriceAppreciation
Mar 6, 2026

Pending

NorthStar #7021365

Mar 6, 2026

Pending

NorthStar #7021371

Feb 28, 2026

Off Market

NorthStar #7021371

Feb 28, 2026

Off Market

NorthStar #7021365

Feb 18, 2026

Price Change

NorthStar #7021371

$619,000
Feb 18, 2026

Listed (Active)

NorthStar #7021371

Feb 18, 2026

Price Change

NorthStar #7021365

$619,000
Feb 18, 2026

Listed (Active)

NorthStar #7021365

Dec 30, 2025

Off Market

NorthStar #6780836

Dec 30, 2025

Off Market

NorthStar #6800553

Dec 30, 2025

Off Market

NorthStar #6780836

Dec 30, 2025

Off Market

NorthStar #6800553

Nov 4, 2025

Off Market

NorthStar #6780829

Nov 4, 2025

Off Market

NorthStar #6780829

Nov 3, 2025

Price Change

NorthStar #6780836

$649,000
Nov 3, 2025

Price Change

NorthStar #6800553

$649,000
Oct 9, 2025

Price Change

NorthStar #6800553

$699,000
Oct 9, 2025

Listed (Active)

NorthStar #6800553

Sep 5, 2025

Price Change

NorthStar #6780829

$4,200,000
Sep 5, 2025

Listed (Active)

NorthStar #6780829

Sep 5, 2025

Price Change

NorthStar #6780836

$699,000
Sep 5, 2025

Listed (Active)

NorthStar #6780836

Aug 29, 2025

Off Market

NorthStar #6675447

May 29, 2025

Price Change

NorthStar #6675447

$719,000
Apr 2, 2025

Listed (Active)

NorthStar #6675447

DateEvent & SourcePrice
03/06/2026

Pending

NorthStar #7021365

03/06/2026

Pending

NorthStar #7021371

02/28/2026

Off Market

NorthStar #7021371

02/28/2026

Off Market

NorthStar #7021365

02/18/2026

Price Change

NorthStar #7021371

$619,000
02/18/2026

Listed (Active)

NorthStar #7021371

02/18/2026

Price Change

NorthStar #7021365

$619,000
02/18/2026

Listed (Active)

NorthStar #7021365

12/30/2025

Off Market

NorthStar #6780836

12/30/2025

Off Market

NorthStar #6800553

12/30/2025

Off Market

NorthStar #6780836

12/30/2025

Off Market

NorthStar #6800553

11/04/2025

Off Market

NorthStar #6780829

11/04/2025

Off Market

NorthStar #6780829

11/03/2025

Price Change

NorthStar #6780836

$649,000
11/03/2025

Price Change

NorthStar #6800553

$649,000
10/09/2025

Price Change

NorthStar #6800553

$699,000
10/09/2025

Listed (Active)

NorthStar #6800553

09/05/2025

Price Change

NorthStar #6780829

$4,200,000
09/05/2025

Listed (Active)

NorthStar #6780829

09/05/2025

Price Change

NorthStar #6780836

$699,000
09/05/2025

Listed (Active)

NorthStar #6780836

08/29/2025

Off Market

NorthStar #6675447

05/29/2025

Price Change

NorthStar #6675447

$719,000
04/02/2025

Listed (Active)

NorthStar #6675447

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

Public Records for 5338 Highland Road

Taxable ValueLand$259,600Additions$102,600Total$362,200
Tax Record2025$4,289 ($357 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,892 SqFtAbove Grade Finished SqFt1,892 SqFtStories2Lot Size93,654 SqFtStyleSingle Family ResidenceYear Built1939Year Renovated1970ZoningR-1CountyHENNEPINAPN28-117-22-34-0026Fireplace TypeHas Fireplace

Schools near 5338 Highland Road

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
Glen Lake 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Coldwell Banker Realty

Based on information submitted to the MLS GRID as of 03/06/2026 02:37 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.