Lori Gustafson

5 Deerwood Lane N

Minneapolis, MN
$ 1,224,900 Beds 5 Baths 4.5 Sq 4,101 Virtual Tour
Monthly Estimate* How much can I afford?

Seller financing incentive may allow a qualified buyer to secure a 30-year fixed mortgage in the low 6% range for a lower monthly payment. Located in the award-winning Wayzata School District, this custom-built 2014 home includes five bedrooms, five bathrooms and an attached four-car garage. The open main level features abundant natural light, walnut hardwood floors, formal and informal dining, and a climate-controlled wine cellar. The spacious kitchen includes an oversized island with seating for five, granite countertops, a step-in pantry, double ovens and a built-in microwave. The adjoining living room has a gas fireplace, while the inviting three-season porch extends the living space with a second fireplace, TV mount and views of the private backyard. Four bedrooms and laundry are located upstairs. The owner’s suite includes a spa-inspired bath and walk-in closet. One bedroom has a private ¾ bath, while two additional bedrooms with walk-in closets share a Hollywood-style bathroom. Recent updates include new upper-level carpet, fresh interior paint and updated lighting. Finished in 2022, the lower level includes a family room, wet bar, fifth bedroom/exercise room, tile shower and sauna. The private backyard features a patio with built-in seating, grill and stone hearth. Whole-home audio, security system, invisible pet fence and in-ground irrigation. Convenient to parks, trails, shopping, dining and easy access to commute around the Twin Cities.

Single Family

  • Price
  • $ 1,224,900
  • City
  • Minneapolis
  • Bedrooms
  • 5
  • Full Bathrooms
  • 4
  • County
  • HENNEPIN
  • Half Bathrooms
  • 1
  • Area
  • Sunrise Acres
  • Lot Size
  • 0.63 Acres
  • Zip
  • 55441
  • Sqr Footage
  • 4,101
  • Year Built
  • 2014
  • Taxes
  • $ 10855
  • Style
  • Single Family
  • MLS#
  • 7097079
Listed By: Keller Williams Realty Integrity
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 4101
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Age Over 8 Years,Asphalt,Pitched
Appliances Air-To-Air Exchanger,Chandelier,Dishwasher,Disposal,Double Oven,Dryer,Gas Water Heater,Microwave,Other,Range,Refrigerator,Stainless Steel Appliances,Washer,Water Softener Owned,Wine Cooler
Garage Spaces 4
Pool Features None
Construction Materials Concrete
Year Built 2014
Electric Circuit Breakers,200+ Amp Service
Levels Two
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Hennepin
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Sunrise Acres
Full Baths 2
Directions 394 to Hopkins Crossroad,North on Hopkins Crossroad. Turn left onto Ridgemount Ave,Turn right onto Deerwood Lane. 5 Deerwood is on the corner,the first home on the left.
City Plymouth
High School District Wayzata
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 10855.12
Additional Parcels Y/N No
Virtual Tour https://tours.spacecrafting.com/n-rgzv2p
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s),Hardwood Floors,Kitchen Center Island,Primary Bedroom Walk-In Closet,Natural Woodwork,Patio,Paneled Doors,Porch,Sauna,Security System,In-Ground Sprinkler,Tile Floors,Washer/Dryer Hooku
PostalCity Minneapolis

Interior Features

Basement Daylight/Lookout Windows,Egress Window(s),Finished,Full,Kitchenette,Storage Space,Sump Pump
Total Fireplaces 2
Fireplace Features Gas,Living Room,Other,Stone
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 2990
Half Baths 1
3/4 Baths 2
Laundry Features Gas Dryer Hookup,Laundry Room,Upper Level,Washer Hookup
Total Bedrooms 5
Below Grade Finished Area 1111
Total Baths 5
Bath Desc 3/4 Basement,Basement,Double Sink,Bathroom Ensuite,Full Primary,Hollywood Bath,Full Jack & Jill,Private Primary,Main Floor 1/2 Bath,Sauna,Separate Tub & Shower,Upper Level Full Bath,Jetted Tub,Walk-I
Dining Room Description Breakfast Bar,Breakfast Area,Eat In Kitchen,Informal Dining Room,Separate/Formal Dining Room
Foundation Dimensions 40 x 32
Fuel Natural Gas
Garage Dimensions 42 X 20
Garage Square Feet 840

Exterior Features

Fencing Invisible
Parking Features Attached Garage,Concrete,Finished Garage,Garage Door Opener,Storage
Lot Features Corner Lot,Tree Coverage - Medium
Water Source City Water/Connected
Lot Size Area 0.63
Building Area Total 4326
Lot Dimensions 100 X 274
Waterfront Y/N No
Foundation Area 1280
Road Frontage Type City Street,Paved Streets,Sidewalks,Street Lights,Storm Sewer
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/4/2026 Listed $1,224,900

Property vs Zip Code Average in 55441

Price
AVG $630K
$1.22M
Taxes
AVG $11,536
$10,855
Year Built
AVG 1974
2014
Visits
AVG 77
71
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

5 Deerwood Lane N Minneapolis, MN is a Single Family Home for sale at $1224900 with 4101 sqft and a lot size of 0.63 Acres Acre(s). 5 Deerwood Lane N Minneapolis has 5 bedrooms, 4 baths and was built in 2014. The property's zip code is 55441 which is in Minneapolis, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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