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4725 218th St W, Farmington, MN, 55024

2beds
2baths
1,825sqft
$401,910
$220price/sqft
$2,740/moest. monthly cost
$109,600/yrincome needed

About This Home

This home is under construction and available for a July closing date! Experience effortless one-level living in the Aspen twin home, ideally situated in the highly desirable Tavera community in Corcoran. This thoughtfully designed home seamlessly blends modern style and everyday comfort, featuring an open-concept layout that fills the space with natural light. The kitchen impresses with quartz countertops, a spacious walk-in pantry, and sleek slate-finish appliances—including a refrigerator. Relax by the cozy fireplace in the Great Room or unwind in one of two bedrooms, both offering walk-in closets. With an attached two-car garage and on-trend finishes, this home is packed with the features today’s buyers are searching for and is likely to be claimed quickly.

Getting Around

2
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

6/10
4/10
5/10
Farmington High SchoolGrades 9-122.3 mi

Construction

Condition

  • New construction: Yes
  • Year built: 2026

Materials

  • Roof: Age 8 Years or Less
  • Construction materials: Concrete,Frame

Other

  • Builder name: LENNAR

Type & Style

  • Home type: SingleFamily
  • Property subType: Twin Home

Interior

Appliances

  • Appliances included: Air-To-Air Exchanger,Dishwasher,Disposal,Dryer,Humidifier,Microwave,Range,Refrigerator,Stainless Steel Appliance(s),Tankless Water Heater,Washer
  • Laundry features: Gas Dryer Hookup,Laundry Room,Main Level,Sink,Washer Hookup

Basement

  • Basement: None

Bedroom

  • Level: Main
  • Area: 156
  • Dimensions: 12x13

Bedroom2

  • Level: Main
  • Area: 120
  • Dimensions: 10x12

Bedrooms & Bathrooms

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

Dining Room

  • Level: Main
  • Area: 108
  • Dimensions: 9x12

Family Room

  • Level: Main
  • Area: 195
  • Dimensions: 13x15

Features

  • Number of fireplaces: 1
  • Fireplace features: Electric,Family Room
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,825

Heating & Cooling

  • Heating features: Forced Air,Fireplace(s)
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,825
  • Total interior livable area: 1,825 sqft

Kitchen

  • Level: Main
  • Area: 160
  • Dimensions: 10x16

Property

Accessibility

  • Accessibility features: No Stairs Internal

Details

  • Parcel number: TBD
  • Attached to another structure: Yes
  • Zoning description: Residential-Single Family
  • Foundation area: 727

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Enclosed,Front Porch,Rear Porch

Lot

  • Lot size: 6,098 sqft
  • Features: Sod Included in Price
  • Lot size dimensions: TBD

Parking

  • Total spaces: 2
  • Parking features: Attached,Asphalt,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • 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
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Cold Wave
Hail
Winter Weather

FEMA Declared Disasters in Dakota 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 $2,032$24,384
Home Insurance *$217$2,604
Property Taxes $321$3,852
Electricity $170$2,050
Total$2,740$32,880
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$93,942/yr
40% on housing$82,200/yr
45% on housing$73,066/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: 11.3%
11.3%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$220This listing

vs Other Active Listings

Avg $/sqft

ZIP 55024$185
Dakota County$172

vs Homes Sold Last Month

Median $/sqft

ZIP 55024$198
Dakota County$192

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
2026-05-12Price change$454,060
2026-04-28Price change$452,060
2026-04-20Price change$450,060
2026-04-08Listed for sale$448,260

New Construction Spec

AgentLennar Minnesota
BrokerageLennar Sales Corp

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