Active

Price increase: $2M (3/26)

$527,500

981 Peninsula Point Rd, Shakopee, MN 55379

--beds

--baths

2.25Acres

Unimproved Land

Built in ----

2.25 Acres Lot

$-- Zestimate^®

$--/sqft

$59/mo HOA

What's special

Heavily wooded homesites

Remarkable opportunity to design and build a dream home at The Peninsula at Lake O'Dowd development. Featuring 14 heavily wooded homesites, The Peninsula offers the perfect combination of privacy on a fully recreational lake along with stunning luxury homes from an award winning firm: Sustainable 9 Design + Build. This lot features 804 feet of lakeshore along with options for installing a dock on either the west or east side of the lot. Depending upon the final design of the home, there's a possibility for a lookout or walkout lower level. Land and build packages start at $2.0m.

15 days

286

9

Facts & features

Interior

Features

Has basement: No

Property

Features

Has view: Yes
View description: Bay, East, Lake, North, Panoramic, South, West
Has water view: Yes
Water view: Bay,Lake
Waterfront features: Lake Front, Waterfront Elevation(26-40), Lake Bottom(Reeds, Sand, Soft)
Frontage length: Water Frontage: 804

Lot

Size: 2.25 Acres
Dimensions: 278 x 431 x 129 x 511
Features: Island/Peninsula, Tree Coverage - Heavy
Topography: Rolling,Solar Oriented,Walkout

Details

Parcel number: 274120120
Zoning description: Residential-Single Family
Wooded area: 98010

Utilities & green energy

Utilities for property: Broadband Available, Broadband Connected, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Private Septic Available, Shared Well Available, Shared Well Connected, Phone Available, Phone Connected, Underground Utilities Available, Underground Utilities Connected, Underground Utilities

Community & HOA

Community

Features: Yes
Subdivision: Westridge Lake Estates 3rd Add

HOA

Has HOA: Yes
Services included: Other
HOA fee: $59 monthly
HOA name: Westridge Lake Estates
HOA phone: 612-860-9544

Location

Region: Shakopee

Financial & listing details

Tax assessed value: $460,700
Annual tax amount: $6,066
Date on market: 3/26/2026
Inclusions: Easements, Platted, Survey, Survey Stakes
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$4,354/mo

Price history

Date	Event	Price
3/26/2026	Price change	$2,495,000+373%
Source: NorthstarMLS as distributed by MLS GRID #7043298 Report a problem
3/26/2026	Listed for sale	$527,500-0.5%
Source: NorthstarMLS as distributed by MLS GRID #7043256 Report a problem
12/1/2025	Listing removed	$529,900
Source: NorthstarMLS as distributed by MLS GRID #6723825 Report a problem
5/19/2025	Listed for sale	$529,900+27.7%
Source: NorthstarMLS as distributed by MLS GRID #6723825 Report a problem
5/3/2022	Sold	$415,000
Source: NorthstarMLS as distributed by MLS GRID #6160750 Report a problem
4/11/2022	Pending sale	$415,000-74.1%
Source: NorthstarMLS as distributed by MLS GRID #6160750 Report a problem
3/8/2022	Price change	$1,600,000+285.5%
Source: NorthstarMLS as distributed by MLS GRID #6161665 Report a problem
3/7/2022	Listed for sale	$415,000+10.7%
Source: NorthstarMLS as distributed by MLS GRID #6160750 Report a problem
4/16/2021	Sold	$375,000
Source: NorthstarMLS as distributed by MLS GRID #5720302 Report a problem
3/25/2021	Pending sale	$375,000
Source: NorthstarMLS as distributed by MLS GRID #5720302 Report a problem
3/4/2021	Listed for sale	$375,000-72.7%
Source: NorthstarMLS as distributed by MLS GRID #5720302 Report a problem
10/31/2020	Sold	$1,375,000+292.9%
Source: Public Record Report a problem
8/1/2020	Listed for sale	$350,000
Source: eGreen Realty & Property Mgmt #5633633 Report a problem
7/1/2020	Listing removed	$350,000
Source: Keller Williams Realty Integrity Lakes #5579139 Report a problem
10/16/2019	Listed for sale	$350,000
Source: Keller Williams Integrity Realty Lakes #5579139 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,956 +3.7%	$460,700 -2%
2024	$5,744 -2.2%	$470,200 +5%
2023	$5,872 +0.5%	$447,700
2022	$5,844 +9.8%	$447,700 +16.7%
2021	$5,320 -9.8%	$383,600 +6.7%
2020	$5,896	$359,600
2019	$5,896 +76.3%	$359,600
2018	$3,344 -4.9%	--
2016	$3,518	--
2014	$3,518	--
2013	--	$195,800
2012	--	$195,800
2011	$3,120 +140.7%	$195,800 +111.2%
2010	$1,296 +575%	$92,700 +548.3%
2009	$192	$14,300

Find assessor info on the county website

Monthly payment

Estimated monthly payment

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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