Property Overview & Key Characteristics

46 Riverhaven Grove is a substantial, modern property built in 2005, offering over 2,450 square feet of living space on an exceptionally large, private lot of approximately 17,500 square feet. Its primary appeal lies in its rare combination of a newer, spacious home and a generous land parcel, providing both immediate comfort and long-term potential. While the home's size is on par with others on its street, its true distinction becomes clear in broader comparisons: it ranks within the top 3% of homes in Minnetonka for lot size and within the top 1% for its assessed value of $1.3M, indicating it is a premium property in a premium area.

This home would best suit buyers looking for established, high-value property in a desirable neighbourhood. It appeals to those who prioritize outdoor space and privacy over a brand-new build, and who see value in a home that stands out significantly from both area and city-wide averages. It’s a solid choice for a family seeking room to grow or for someone valuing an investment in land, as the lot size is a standout feature that offers future flexibility.

Frequently Asked Questions

How does this home compare to others in the immediate area?
On Riverhaven Grove itself, the living area is average for the street, but the lot size is in the top 8% (ranked 2nd of 25) and the assessed value is in the top 16%. This suggests you're buying one of the larger, more valuable properties on a street of already substantial homes.

What does the "Elite" ranking for assessed value mean?
An "Elite" ranking (top 1%) for assessed value in both Minnetonka and city-wide indicates this is considered one of the most valuable properties by the assessment authority. This typically reflects a combination of the home's size, lot, condition, and location, and is a strong marker of its standing in the broader market.

The home sold in 2017. Is there a way to find out the exact sale price?
The listed sale price is a public data range. The page notes that you can request the exact sold price by email, as they provide it manually. They state they do not use email addresses for unsolicited marketing.

Is a 2005-built home considered modern?
Yes, especially in context. While 21 years old, it ranks as newer than 97% of homes in Minnetonka (top 3%) and 85% of homes city-wide. This means it is a relatively modern property compared to the housing stock in the region, likely requiring fewer immediate major updates than older averages.

Why is the lot size highlighted as a key feature?
At 17,536 sq. ft., the lot is not just large for the city (top 2%), but significantly larger than the average in Minnetonka (over double the area average). This offers uncommon privacy, space for additions like a deck or pool, and simply more green space, which is a finite and valued commodity.