Finding the legacy property of your dreams is a once-in-a-lifetime opportunity ... and here it is! This lot is cleared and ready for plans to create your own urban retreat (photos are to help you start dreaming) just steps from downtown Mahtomedi. With 82.5' of level frontage facing westerly sunsets, you can literally walk into town for coffee or dinner, stroll to the local market, boat to dinner, bike on gorgeous trails, or golf at nearby award-winning courses. This is an "open build/design," meaning you can bring your dreams and create what you want. This location not only boasts a highly acclaimed school district, but also a quiet street that is home to many other freshly built, upper-bracket homes. Lakeside bonfires and lifetime memories are here-carpe diem!
Property Details
Property Features
Property Information:
Year Built: 2025
Listing Office:
Office Name: Edina Realty, Inc.
Interior Features
Interior Information:
Basement: Yes
Exterior Features
Exterior Information:
Waterfront: Dock, Lake Front
View: Lake, Panoramic, Other
Parking Information:
Attached Garage: Yes
Parking: Attached Garage
Utilities
Utilities Information:
Heating: Forced Air
Cooling: Central Air
School Info
Assigned Schools Information:
Mahtomedi High School, Public District Grades 9-12
Mahtomedi Middle School, Public District Grades 6-8
O.H. Anderson Elementary School, Public District Grades 3-5
Other
Directions Information:
Directions: 120 to 244 east to Crocus left to Park right to property.
Price Information
Listing Price Info
Price Summary:
List Price: $4,000,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Mahtomedi, MN.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. No part of this search utility may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise. Home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
DMCA Notice Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/5/2024, 2:22:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$20K
Per Month
Principal & Interest
$19.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$12K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
O.H. Anderson Elementary School
666 Warner Ave S
Distance between this listing and this school0.74 miles
Public District Grades 3-5
Middle School
8
/10
Mahtomedi Middle School
8100 75th St N
Distance between this listing and this school0.92 miles
Public District Grades 6-8
High School
9
/10
Mahtomedi High School
8000 75th St N
Distance between this listing and this school0.89 miles
Public District Grades 9-12
Assigned Schools
7
/10
O.H. Anderson Elementary School
666 Warner Ave S
Distance between this listing and this school0.74 miles
Public District Grades 3-5
Nearby Schools
6
/10
Matoska International
2530 Spruce Pl
Distance between this listing and this school1.69 miles
Public District Grades KG-5
3
/10
Lakeaires Elementary School
3963 Van Dyke St
Distance between this listing and this school2.52 miles
Public District Grades KG-5
Assigned Schools
8
/10
Mahtomedi Middle School
8100 75th St N
Distance between this listing and this school0.92 miles
Public District Grades 6-8
Nearby Schools
6
/10
Sunrise Park Middle School
2399 Cedar Ave
Distance between this listing and this school1.89 miles
Public District Grades 6-8
6
/10
Central Middle School
4857 Bloom Ave
Distance between this listing and this school3.21 miles
Public District Grades 6-8
Assigned Schools
9
/10
Mahtomedi High School
8000 75th St N
Distance between this listing and this school0.89 miles
Public District Grades 9-12
Nearby Schools
2
/10
916 Mahtomedi Academy
2737 County Road D E
Distance between this listing and this school2.06 miles
Public District Grades 9-12
3
/10
White Bear Area Learning Center
2449 Orchard Ln
Distance between this listing and this school2.18 miles
The neighbors living near this home have an average income of $82,143. Most Mahtomedi, MN residents have annual incomes between $35k-100k. The majority of families are married, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 331 Park Ave
What is the listing price of this property?
The listing price of 331 Park Ave property is $4,000,000.
What type of property is this?
The property 331 Park Ave is a house located in Mahtomedi, Minnesota, 55115.
Is this property for sale now?
Active Listing: 331 Park Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 331 Park Ave are: O.H. Anderson Elementary School: GreatSchools Rating 7/10Mahtomedi Middle School: GreatSchools Rating 8/10Mahtomedi High School: GreatSchools Rating 9/10
What is the square footage of this property?
The sq. ft. of 331 Park Ave is not available (source: MLS/tax record).
Which year was this property built?
The year of construction for 331 Park Ave is 2025.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 331 Park Ave in Mahtomedi, MN and zip code 55115. This home was built in 2025. It has been listed on Rocket Homes since October 11, 2024 and is currently priced at $4,000,000.
Mahtomedi, MN housing market in October 2024 saw over 2 listings sold above listed price, more than 1 sold at listed price and over 2 sold below. The inventory of homes for sale in Mahtomedi, MN between September 2024 and October 2024 increased by 10%. The median list price of listings available in October 2024 was $495,000, while the average time on the real estate market was 28 days.
From Rocket Homes Real Estate and based on county public records data.
Skiing/snowboarding
Skiing/snowboarding
Men's Tennis
Hiking/backpacking
Nordstrom
Bloomingdales
Nordstrom Rack
California Pizza Kitchen
Bonefish Grill
Chipotle
BMW
Lexus
Mazda
Talk/Personality
News
Rock