Lori Gustafson

4485 N Shore Drive

Orono, MN
$ 5,895,000 Beds 6 Baths 6.5 Sq 5,818
Monthly Estimate* How much can I afford?

Guest House! Still time to make selections! New Build! Omni Custom Builders!Welcome to an extraordinary new-construction opportunity on the **West Arm of Lake Minnetonka**, where thoughtful architecture, exceptional entertaining spaces, and a truly irreplaceable shoreline feature come together to create a remarkable lake estate. One of the property's most distinctive features is the **approximately 635-square-foot grandfathered-in detached shoreline cottage**, positioned just **40 feet from the water's edge**. The cottage will be beautifully renovated and features a living room, kitchen, bedroom, bathroom, and private deck—creating the ultimate guest house, lakeside retreat, or private escape just steps from Lake Minnetonka. Opportunities to have a separate structure this close to the shoreline are exceptionally rare. Set on a desirable **south-facing lot with 75 feet of Lake Minnetonka shoreline**, the property is ideally positioned for abundant natural light and beautiful water views. The home's walkout design takes full advantage of its setting, bringing the lake into view throughout the residence. The main level combines sophisticated everyday living with exceptional functionality. A beautifully appointed **Guest Suite** features a spacious walk-in closet and private ensuite bath. The gourmet kitchen is complemented by an expansive **back-kitchen scullery and pantry**, providing abundant preparation and storage space for effortless entertaining. A thoughtfully designed mudroom includes its own washer and dryer—ideal after a day on the lake—while expansive windows frame the water beyond. Upstairs, three generously proportioned bedrooms each offer a **private ensuite bath and spacious walk-in closet**, providing comfort and privacy for family and guests. The oversized laundry room is equipped with **two washers and two dryers**, making everyday living remarkably convenient. The walkout lower level is designed as an exceptional entertainment destination. An expansive family room connects to a **state-of-the-art golf simulator, dedicated theater room, and full-size bar**. A private Lake Bath features a **spa-inspired sauna and shower with a separate exterior entrance**, allowing convenient access directly from the lake. The fifth bedroom enjoys beautiful lake views and is positioned near the outdoor **covered lanai**, complete with an outdoor grill and fireplace—creating an inviting setting for dining, entertaining, and relaxing by the water throughout the seasons. A spacious **four-car garage** provides abundant room for vehicles, boating equipment, recreational gear, and all the essentials of the Lake Minnetonka lifestyle. Designed by **David Charlez Designs**, this exceptional residence brings together sophisticated architecture, luxurious amenities, thoughtful functionality, and one of the property's greatest treasures—an irreplaceable grandfathered shoreline cottage just 40 feet from Lake Minnetonka. This is more than a new home. It is an opportunity to create an extraordinary **Lake Minnetonka compound**, combining a spectacular new residence, private guest cottage, south-facing shoreline, and an exceptional lifestyle on the West Arm.

Single Family

  • Price
  • $ 5,895,000
  • City
  • Orono
  • Bedrooms
  • 6
  • Full Bathrooms
  • 6
  • County
  • HENNEPIN
  • Half Bathrooms
  • 1
  • Area
  • West Arm
  • Lot Size
  • 0.6 Acres
  • Zip
  • 55364
  • Sqr Footage
  • 5,818
  • Year Built
  • 2026
  • Taxes
  • $ 16377
  • Style
  • Single Family
  • MLS#
  • 7133069
Listed By: RE/MAX Results
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 5818
Sewer City Sewer/Connected
Heating Forced Air,In-Floor Heating
Cooling Central Air
Appliances Air-To-Air Exchanger,Cooktop,Dishwasher,Disposal,Double Oven,Dryer,Microwave,Range,Refrigerator,Wall Oven,Water Softener Owned
Garage Spaces 4
Construction Materials Concrete,Frame
Year Built 2026
Electric Circuit Breakers,200+ Amp Service
Levels Two
Property Subtype Single Family
Tax Year 2026
Waterfront Features Lake Front
Accessibility None
County Hennepin
New Construction Yes
Property Type Residential
HOA No
Contingency None
Subdivision Name Bergquists Add To Saga Hill
Other Structures Boat House
Full Baths 1
Directions Hwy 12 West to Co Rd 15 West to N. Shore Drive.
City Orono
High School District Westonka
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 16377
Additional Parcels Y/N No
Availability Date 2026-10-01
Builder Name OMNI CUSTOM BUILDERS,LLC
Standard Status Active
Lender Owned No
Amenities Unit Balcony,Ceiling Fan(s),Deck,Dock,Hardwood Floors,Kitchen Center Island,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Natural Woodwork,Patio,Porch,Panoramic View,Sauna,Boat Slip,In-Ground
Community Name West Arm
PostalCity Orono

Interior Features

Basement Drain Tiled,Finished,Full,Storage Space,Sump Basket,Sump Pump,Tile Shower,Walkout
Total Fireplaces 2
Fireplace Features Electric,Family Room,Gas,Living Room
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 4040
Half Baths 1
3/4 Baths 5
Laundry Features Laundry Room,Upper Level
Total Bedrooms 6
Below Grade Finished Area 1778
Total Baths 7
Bath Desc 3/4 Basement,Double Sink,Bathroom Ensuite,Private Primary,Main Floor 1/2 Bath,Sauna,Separate Tub & Shower,Upper Level 3/4 Bath,Upper Level Full Bath
Dining Room Description Breakfast Bar,Eat In Kitchen,Informal Dining Room
Fuel Natural Gas
Garage Dimensions 40x26
Garage Square Feet 1040
Waterfront Feet 75

Exterior Features

Parking Features Attached Garage,Asphalt
Lot Features Accessible Shoreline,Tree Coverage - Light
Water Source City Water/Connected
Lot Size Area 0.6
Building Area Total 5818
Lot Dimensions 100x310x75x290
Waterfront Y/N Yes
Foundation Area 2545

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
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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

8/26/2026 Listed $5,895,000

Property vs Zip Code Average in 55364

Price
AVG $1.62M
$5.9M
Taxes
AVG $10,766
$16,377
Year Built
AVG 1986
2026
Visits
AVG 93
29
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

4485 N Shore Drive Orono, MN is a Single Family Home for sale at $5895000 with 5818 sqft and a lot size of 0.6 Acres Acre(s). 4485 N Shore Drive Orono has 6 bedrooms, 6 baths and was built in 2026. The property's zip code is 55364 which is in Orono, 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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