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5940 Galpin Lake Rd, Shorewood, MN, 55331

5beds
3baths
3,041sqft
$850,000
$280price/sqft
$6,042/moest. monthly cost
$241,680/yrincome needed

About This Home

Introducing 5940 Galpin Lake Road in the heart of Shorewood, Minnesota. Set on 2.55 private and wooded acres, this character-filled 1915 home offers a rare combination of privacy, history, and convenience, just minutes from Downtown Excelsior and the amenities of Lake Minnetonka. While standing as one of the original homes, once part of an apple orchard, the property carries a quiet sense of nostalgia while offering four bedrooms, three bathrooms, and deeded access to Galpin Lake. It also offers extraordinary flexibility for the future. A storybook front porch welcomes you inside, where hardwood floors, rich woodwork, enameled wood slat ceiling, and warm architectural details create a timeless sense of character. The home was built for entertaining, with a spacious living room that flows into the formal dining room, featuring a built-in buffet and display cabinetry that adds both charm and functionality. The adjacent kitchen is bright and welcoming, for those quintessential moments of Midwest congregating. Two distinct living spaces provide warmth and flexibility, contributing to the home’s enduring character. Windows throughout, frame views of the surrounding woods, and reinforce the property’s peaceful, secluded setting. A versatile main-level office with an adjacent three-quarter bathroom offers the flexibility to serve as a guest suite or main-floor bedroom. Upstairs, you’ll find the primary bedroom, three additional spacious bedrooms, and a recently renovated full bathroom. The lower level offers a generous flex space to create a family room, workout room, or future expansion, and boasts abundant storage. Outside, enjoy the privacy and natural beauty of 2.55 acres surrounded by mature trees, along with a detached three-car garage, which will have some new roofing and siding work, with installation anticipated in the coming weeks. Ideally located steps from Downtown Excelsior, you’ll enjoy easy access to charming boutiques, restaurants, coffee shops, grocery stores, and the many recreational amenities of Lake Minnetonka. Outdoor enthusiasts will appreciate nearby access to the Lake Minnetonka LRT Regional Trail, offering miles of scenic walking and biking paths. Located in the award-winning Minnetonka School District. Whether you choose to enjoy the home’s historic character, thoughtfully expand upon it, or explore the long-term possibilities offered by this exceptional acreage, this is a rare opportunity to own one of Shorewood’s most distinctive properties.

Getting Around

54
WalkingSomewhat Walkable
0
TransitVery Limited Transit
35
BikeSomewhat Bikeable

Schools

10/10
9/10
10/10

Construction

Condition

  • Year built: 1915

Materials

  • Roof: Age Over 8 Years,Asphalt

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Humidifier,Water Filtration System,Water Osmosis System,Microwave,Range,Refrigerator,Stainless Steel Appliance(s),Washer,Water Softener Rented
  • Laundry features: Laundry Room,Main Level,Sink

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished

Bedroom

  • Level: Main
  • Area: 157.5
  • Dimensions: 15x10.5

Bedroom2

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

Bedroom3

  • Level: Upper
  • Area: 234
  • Dimensions: 18x13

Bedroom4

  • Level: Upper
  • Area: 210
  • Dimensions: 20x10.5

Bedroom5

  • Level: Upper
  • Area: 143
  • Dimensions: 13x11

Bedrooms & Bathrooms

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

Dining Room

  • Level: Main
  • Area: 217.5
  • Dimensions: 15x14.5

Family Room

  • Level: Main
  • Area: 217.5
  • Dimensions: 15x14.5

Features

  • Number of fireplaces: 2
  • Fireplace features: Brick,Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 3,041

Heating & Cooling

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

Interior Area

  • Total structure area: 4,099
  • Total interior livable area: 3,041 sqft

Kitchen

  • Level: Main
  • Area: 209
  • Dimensions: 19x11

Living Room

  • Level: Main
  • Area: 333
  • Dimensions: 18x18.5

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 3411723420018
  • Zoning description: Residential-Single Family
  • Foundation area: 1716

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered,Front Porch
  • Has view: Yes
  • View description: Lake
  • Has water view: Yes
  • Water view: Lake
  • Waterfront features: Deeded Access,Dock,Lake View

Lot

  • Lot size: 2.55 Acres
  • Features: Accessible Shoreline,Tree Coverage - Medium
  • Lot size dimensions: 2.55 Acres

Parking

  • Total spaces: 3
  • Parking features: Detached Garage,Asphalt,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3
  • 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

  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Hail
Heat Wave
Tornado

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 $4,298$51,576
Home Insurance *$364$4,368
Property Taxes $1,124$13,488
Electricity $256$3,077
Total$6,042$72,504
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$207,154/yr
40% on housing$181,260/yr
45% on housing$161,120/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

$280This listing

vs Other Active Listings

Avg $/sqft

ZIP 55331$419
Hennepin County$211

vs Homes Sold Last Month

Median $/sqft

ZIP 55331$286
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)

No zestimate history available

Price History

DateEventPrice
2026-08-12Pending sale$850,000
2026-08-07Listing removed$850,000
2026-07-31Price change$850,000
2026-07-24Price change$875,000
2026-07-08Price change$899,000
2026-06-24Listed for sale$925,000
2020-11-04Sold$699,500
2020-09-12Pending sale$724,600
2020-03-02Listed for sale$724,600
2020-01-01Listing removed$799,000
2019-09-06Price change$799,000
2019-07-09Price change$824,900
2019-05-04Listed for sale$829,900
2018-11-09Listing removed$995,000
2018-05-21Listed for sale$995,000
2013-08-16Sold$402,500
2013-06-29Listed for sale$424,900
2010-10-15Sold$390,000
2002-02-08Sold$415,000

For Sale by Agent

AgentSarah E Polovitz
BrokerageCompass

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