Lori Gustafson

1504 Fairfield Road S

Minnetonka, MN
$ 899,900 Beds 4 Baths 3.5 Sq 4,168
Monthly Estimate* How much can I afford?

This extraordinary Minnetonka home is a rare opportunity to own a truly special property where timeless design, character, and an exceptional lifestyle come together beautifully. Set on a gorgeous, tree-lined half-acre lot in a quiet, private neighborhood within the highly sought-after Wayzata School District, this remarkable two-story home offers incredible curb appeal with classic architecture and a stunning full-brick front. A grand double-door entrance opens to a dramatic two-story foyer with a striking wrought-iron staircase, immediately setting the tone for the craftsmanship and thoughtful design found throughout. Inside, gorgeous hardwood floors, classic white trim and doors, custom wallpaper, statement lighting, and beautifully curated finishes create a home that feels both sophisticated and welcoming. Light-filled living spaces flow effortlessly from one to another, making the home equally perfect for everyday living and entertaining. Three fireplaces add warmth and character to the living room, vaulted sunroom, and family room. At the heart of the home, the spacious enameled kitchen features granite countertops, stainless steel appliances, custom cabinetry, a built-in desk, and an oversized center island with seating. The open design connects naturally to the dining and living spaces, while French doors lead directly to the deck for seamless indoor-outdoor entertaining. The main level also features a beautifully designed mudroom and laundry room off the heated three-car garage, complete with butcher-block countertops, built-in cabinetry, sink, and beverage refrigerators. One of the home’s most unforgettable features is the vaulted sunroom oasis, complete with a custom built-in bookcase that secretly opens to reveal a hidden entrance to an upper-level bonus room. This whimsical and incredibly versatile space includes an office area and can easily serve as a playroom, hobby room, media space, craft room, or even be converted into a fifth bedroom. It is the kind of unexpected detail that makes this home truly one of a kind. The upper level offers three bedrooms and two bathrooms, including a spacious primary suite with an ensuite bath featuring a double-sink vanity and beautifully tiled shower. The fully finished lower level provides even more living space with a huge family room, an additional bedroom with its own ensuite bathroom, and abundant storage. Outside, the backyard is nothing short of spectacular. A heated in-ground pool with an automatic cover is surrounded by a fully wood-fenced yard, multiple patios, lush green space, and incredible privacy—creating the ultimate summer retreat for entertaining, relaxing, and enjoying time with family and friends. The heated three-car garage provides ample parking and additional storage. Additional highlights include a new roof installed in April 2023, new driveway apron August 2026, new landscaping, exceptional architectural details, custom built-ins, French doors, designer lighting, arched windows, crown molding, and thoughtful upgrades throughout. Simply put, this is one of those rare homes that must be experienced in person to fully appreciate its extraordinary character, intelligent layout, unforgettable hidden spaces, and seamless blend of elegance and everyday livability. A truly magical Minnetonka property that is ready to be cherished for years to come.

Single Family

  • Price
  • $ 899,900
  • City
  • Minnetonka
  • Bedrooms
  • 4
  • Full Bathrooms
  • 3
  • County
  • HENNEPIN
  • Half Bathrooms
  • 1
  • Area
  • Fragale Add
  • Lot Size
  • 0.51 Acres
  • Zip
  • 55305
  • Sqr Footage
  • 4,168
  • Year Built
  • 1988
  • Taxes
  • $ 11137
  • Style
  • Single Family
  • MLS#
  • 7120424
Listed By: Keller Williams Premier Realty Lake Minnetonka
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 4168
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Garage Spaces 3
Pool Features Below Ground,Heated,Outdoor
Year Built 1988
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 Fragale Add
Full Baths 2
Directions Ridgedale Drive West to Fairfield Road,South to 1st private road on your right,take to home on your left.
City Minnetonka
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 11137
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
PostalCity Minnetonka

Interior Features

Basement Egress Window(s),Finished,Full,Storage Space,Sump Pump
Total Fireplaces 3
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 3136
Half Baths 1
3/4 Baths 1
Total Bedrooms 4
Below Grade Finished Area 1032
Total Baths 4
Fuel Natural Gas
Garage Square Feet 720

Exterior Features

Parking Features Attached Garage
Water Source City Water/Connected
Lot Size Area 0.51
Building Area Total 4168
Lot Dimensions 280 x 300
Waterfront Y/N No
Foundation Area 1809

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

8/21/2026 Listed $899,900

Property vs Zip Code Average in 55305

Price
AVG $780K
$900K
Taxes
AVG $20,421
$11,137
Year Built
AVG 1980
1988
Visits
AVG 107
53
Data Provided by Inside Real Estate®

Areas That We Cover

1504 Fairfield Road S Minnetonka, MN is a Single Family Home for sale at $899900 with 4168 sqft and a lot size of 0.51 Acres Acre(s). 1504 Fairfield Road S Minnetonka has 4 bedrooms, 3 baths and was built in 1988. The property's zip code is 55305 which is in Minnetonka, 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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