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70 Lake Riley Trl, Chanhassen, MN, 55317

3beds
4baths
3,000sqft
$869,000
$290price/sqft
$5,877/moest. monthly cost
$235,080/yrincome needed

About This Home

Welcome to 70 Lake Riley Trail, an exceptional luxury townhome in Chanhassen's highly sought-after Lakeside community. Designed by renowned builder Ron Clark, this sun-filled residence offers elegant main-level living with seasonal water views and sophisticated finishes throughout. Rich red birch hardwood floors flow through the open-concept design, featuring a gourmet kitchen, inviting four-season porch, and spacious living areas ideal for entertaining. The serene primary suite overlooks the pond and boasts a spa-inspired bath. Upstairs, a private guest suite provides comfort and flexibility, while the walkout lower level offers a second family room with gas fireplace and an additional guest suite. Enjoy a finished garage with epoxy floors and extensive storage, plus exceptional outdoor living on the maintenance-free deck and private patio. Lakeside residents enjoy exclusive access to a clubhouse, fitness center, outdoor pool, beach, dock, and Lake Riley pontoon rentals. The property is loaded with updates: roof (2022), furnace & AC (2025), kitchen appliances (2023), Cambria countertops & backsplash (2023) and more! See supplements for full list of updates. This gorgeous home won’t last long!

Getting Around

5
WalkingCar-Dependent
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Schools

8/10
8/10
9/10
Chanhassen High SchoolGrades 9-122.5 mi

Construction

Condition

  • Year built: 2011

Materials

  • Roof: Age 8 Years or Less,Asphalt,Pitched

Type & Style

  • Home type: Townhouse
  • Property subType: (TH) Side x Side

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Electric Water Heater,Humidifier,Microwave,Range,Refrigerator,Washer,Water Softener Owned
  • Laundry features: Laundry Room,Main Level,Sink

Basement

  • Has basement: Yes
  • Basement: Block,Daylight,Drain Tiled,Egress Window(s),Finished,Full,Sump Pump,Walk-Out Access

Bedroom

  • Level: Main
  • Area: 196
  • Dimensions: 14x14

Bedroom2

  • Level: Upper
  • Area: 195
  • Dimensions: 15x13

Bedroom3

  • Level: Lower
  • Area: 156
  • Dimensions: 13x12

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 4
  • Full bathrooms: 2
  • 3/4 bathrooms: 1
  • 1/2 bathrooms: 1

Deck

  • Level: Main
  • Area: 96
  • Dimensions: 12x8

Dining Room

  • Level: Main
  • Area: 132
  • Dimensions: 12x11

Family Room

  • Level: Main
  • Area: 204
  • Dimensions: 17x12

Family Room

  • Level: Lower
  • Area: 288
  • Dimensions: 18x16

Features

  • Number of fireplaces: 1
  • Fireplace features: Gas
  • Fireplace: Yes
  • Finished area below ground: 876
  • Finished area above ground: 2,124

Flex Room

  • Level: Main
  • Area: 165
  • Dimensions: 15x11

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,063
  • Total interior livable area: 3,000 sqft

Kitchen

  • Level: Main
  • Area: 180
  • Dimensions: 15x12

Laundry

  • Level: Main
  • Area: 60
  • Dimensions: 10x6

Other

  • Level: Main
  • Area: 100
  • Dimensions: 10x10

Patio

  • Level: Lower
  • Area: 190
  • Dimensions: 19x10

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 254310030
  • Attached to another structure: Yes
  • Zoning description: Residential-Single Family
  • Foundation area: 1596

Features

  • Levels: Two
  • Stories: 2
  • Private pool: Yes
  • Pool features: In Ground,Heated,Shared
  • Patio & porch: Composite Decking,Deck,Patio
  • Fencing: None
  • Has view: Yes
  • View description: South,Lake
  • Has water view: Yes
  • Water view: Lake
  • Waterfront features: Association Access,Deeded Access,Dock,Lake View,Shared,Lake Bottom(Sand)
  • Frontage length: Water Frontage: 1200

Lot

  • Lot size: 2,613 sqft
  • Features: Tree Coverage - Medium,Zero Lot Line
  • Lot size dimensions: 37 x 77 x 30 x 78

Parking

  • Total spaces: 2.5
  • Parking features: Attached,Driveway - Other Surface,Garage Door Opener,Guest,Tuckunder Garage
  • Has garage: Yes
  • Attached garage spaces: 2.5
  • Covered spaces: 2.5
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Cold Wave
Hail
Tornado
Winter Weather

FEMA Declared Disasters in Carver County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,394$52,728
Home Insurance *$372$4,464
Property Taxes $858$10,296
Electricity $253$3,036
Total$5,877$70,524
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$201,497/yr
40% on housing$176,310/yr
45% on housing$156,720/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.5%
11.5%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: -0.3%
-0.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$290This listing

vs Other Active Listings

Avg $/sqft

ZIP 55317$210
Carver County$193

vs Homes Sold Last Month

Median $/sqft

ZIP 55317$212
Carver County$220

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-23Price change$869,000
2026-06-26Listed for sale$900,000
2022-09-15Sold$819,000
2022-07-25Pending sale$819,000
2022-07-22Listing removed--
2022-07-18Listed for sale$819,000
2019-06-27Sold$600,500
2019-05-16Listed for sale$615,000
2012-09-11Sold$453,121

For Sale by Agent

AgentMichael B. Wasem Jr.
BrokerageEdina Realty, Inc.

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