See other homes in:
Primary listing photo

1517 Fairfield Rd S, Minnetonka, MN, 55305

5beds
5baths
5,225sqft
$1,994,900
$382price/sqft
$13,597/moest. monthly cost
$543,880/yrincome needed

About This Home

Nestled on a stunning lot in the heart of Minnetonka, this beautiful home offers a private retreat surrounded by mature trees on a quiet street. The main level welcomes you with a spacious great room featuring a cozy fireplace, a large kitchen, dining room, prep kitchen, study, powder bath and mud room. Upstairs, discover a generous primary suite, a convenient laundry room, and three additional bedrooms ideal for family living. The lower level boasts a cozy family room, exercise room and play room. Experience the perfect blend of beauty and function in this established and esteemed Minnetonka community.

Getting Around

35
WalkingCar-Dependent
25
TransitSome Transit
27
BikeSomewhat Bikeable

Schools

7/10
9/10
10/10
Wayzata High SchoolGrades 9-126.0 mi

Construction

Condition

  • New construction: Yes
  • Year built: 2026

Materials

  • Roof: Age 8 Years or Less

Other

  • Builder name: GONYEA HOMES AND REMODELING & STONEGATE BUILDERS

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Cooktop,Dishwasher,Disposal,Microwave,Refrigerator,Stainless Steel Appliance(s),Wall Oven
  • Laundry features: Laundry Room,Upper Level

Basement

  • Has basement: Yes
  • Basement: Finished,Full

Bedroom

  • Level: Upper
  • Area: 225
  • Dimensions: 15 x 15

Bedroom2

  • Level: Upper
  • Area: 143
  • Dimensions: 13 x 11

Bedroom3

  • Level: Upper
  • Area: 143
  • Dimensions: 13 x 11

Bedroom4

  • Level: Upper
  • Area: 144
  • Dimensions: 12 x 12

Bedroom5

  • Level: Lower
  • Area: 143
  • Dimensions: 13 x 11

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 2
  • 3/4 bathrooms: 2
  • 1/2 bathrooms: 1

Dining Room

  • Level: Main
  • Area: 192
  • Dimensions: 16 x 12

Exercise Room

  • Level: Lower
  • Area: 110
  • Dimensions: 11 x 10

Family Room

  • Level: Lower
  • Area: 289
  • Dimensions: 17 x 17

Features

  • Number of fireplaces: 2
  • Fireplace features: Gas
  • Fireplace: Yes
  • Finished area below ground: 1,204
  • Finished area above ground: 3,285

Great Room

  • Level: Main
  • Area: 306
  • Dimensions: 18 x 17

Heating & Cooling

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

Interior Area

  • Total structure area: 5,225
  • Total interior livable area: 5,225 sqft

Kitchen

  • Level: Main
  • Area: 160
  • Dimensions: 16 x 10

Laundry

  • Level: Upper
  • Area: 84
  • Dimensions: 12 x 7

Mud Room

  • Level: Main
  • Area: 110
  • Dimensions: 11 x 10

Play Room

  • Level: Lower
  • Area: 256
  • Dimensions: 16 x 16

Study

  • Level: Main
  • Area: 121
  • Dimensions: 11 x 11

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 0311722310010
  • Zoning description: Residential-Single Family
  • Foundation area: 1940

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 1.06 Acres
  • Features: Tree Coverage - Medium
  • Lot size dimensions: 153.75 x 301.38

Parking

  • Total spaces: 3
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

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

  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Hail
Heat Wave
Tornado
Inland Flooding
Strong Wind
Winter Weather

FEMA Declared Disasters in Hennepin 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 $10,087$121,044
Home Insurance *$1,090$13,080
Property Taxes $1,980$23,760
Electricity $440$5,288
Total$13,597$163,164
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$466,182/yr
40% on housing$407,910/yr
45% on housing$362,586/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: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 0.2%
0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$382This listing

vs Other Active Listings

Avg $/sqft

ZIP 55305$232
Hennepin County$211

vs Homes Sold Last Month

Median $/sqft

ZIP 55305$252
Hennepin County$207

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
2026-02-13Listed for sale$1,995,900
2025-12-19Listing removed$2,095,900
2025-04-18Listed for sale$2,095,900

New Construction

AgentJeff Martineau
BrokerageColdwell Banker Realty

Similar Homes