5116 Indianola Avenue

Minneapolis, MN
$ 3,995,000 Beds 5 Baths 4.5 Sq 5,000
Monthly Estimate* How much can I afford?

Stunning new construction by Great Neighborhood Homes in an A-plus Edina location, just two short blocks from Arden Park and 50th & France and a short stroll to Edina Country Club. Set on a quiet, tree-lined street, this exceptional homesite offers the future owner the opportunity to customize a dream home to their exact specifications. The conceptual rendering showcases an elegant brick façade with expansive window walls and a Juliet balcony. Inside, the thoughtfully designed open floor plan centers around an impressive great room and includes both formal and informal dining spaces. The showcase gourmet kitchen is designed to impress, featuring high-level appliances, an oversized center island, and a generous walk-in pantry. The main level also offers a private library and a screened porch. Upstairs, four spacious bedrooms include a luxurious primary suite with vaulted ceilings, a spa-inspired bathroom, and an enormous walk-in closet. The second bedroom features its own junior suite, while bedrooms three and four share a Jack-and-Jill bath. A spacious upper-level laundry room adds everyday convenience. The expansive lower level is designed for entertaining and recreation, with a large TV and recreation area, wet bar, billiards/ping-pong space, and a generous exercise room. A fifth bedroom suite provides an ideal space for guests. Additional possibilities include a rare three-car garage or a main-level primary suite, as well as a sport court or golf sim. The image shown is a conceptual rendering of the proposed home and represents one possible design for the lot. Owner can make own selections. Photos are a representation of builder’s work.

Single Family

  • Price
  • $ 3,995,000
  • City
  • Minneapolis
  • Bedrooms
  • 5
  • Full Bathrooms
  • 4
  • County
  • HENNEPIN
  • Half Bathrooms
  • 1
  • Area
  • Glenview Add To Edina
  • Lot Size
  • 0.18 Acres
  • Zip
  • 55424
  • Sqr Footage
  • 5,000
  • Year Built
  • 2027
  • Taxes
  • $ 11978
  • Style
  • Single Family
  • MLS#
  • 7132604
Listed By: Lakes Sotheby's International Realty
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 5000
Sewer City Sewer/Connected
Heating Forced Air,In-Floor Heating
Cooling Central Air
Roof Asphalt
Appliances Air-To-Air Exchanger,Chandelier,Cooktop,Dishwasher,Disposal,Double Oven,Dryer,Exhaust Fan,Microwave,Refrigerator,Stainless Steel Appliances,Wall Oven,Washer,Water Softener Owned
Garage Spaces 2
Construction Materials Concrete
Year Built 2027
Levels Two
Property Subtype Single Family
Tax Year 2026
Accessibility None
Assoc Fee Paid Per N/A
County Hennepin
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Glenview Add To Edina
Full Baths 2
Directions France to 52nd to Indianola
City Edina
High School District Edina
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 11978
Additional Parcels Y/N No
Builder Name GREAT NEIGHBORHOOD HOMES INC
Standard Status Active
Lender Owned No
Amenities Unit Exercise Room,French Doors,Hardwood Floors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Porch,In-Ground Sprinkler,Wet Bar,Walk-In Closet
PostalCity Minneapolis

Interior Features

Basement Drain Tiled,Egress Window(s),Finished,Full,Sump Basket
Total Fireplaces 1
Fireplace Features Family Room,Gas
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 3500
Half Baths 1
3/4 Baths 2
Total Bedrooms 5
Below Grade Finished Area 1500
Total Baths 5
Bath Desc 3/4 Basement,Bathroom Ensuite,Full Primary,Full Jack & Jill,Private Primary,Main Floor 1/2 Bath,Separate Tub & Shower,Upper Level 3/4 Bath,Upper Level Full Bath,Jetted Tub,Walk-In Shower Stall
Dining Room Description Kitchen/Dining Room,Separate/Formal Dining Room
Fuel Natural Gas
Garage Dimensions 22x22
Garage Square Feet 484

Exterior Features

Parking Features Attached Garage,Concrete,Finished Garage,Garage Door Opener,Insulated Garage
Water Source City Water/Connected
Lot Size Area 0.18
Building Area Total 5250
Lot Dimensions 105 X 75
Waterfront Y/N No
Foundation Area 1750
Road Frontage Type City Street,Paved Streets,Storm Sewer
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/24/2026 Listed $3,995,000

Property vs Zip Code Average in 55424

Price
AVG $1.61M
$4M
Taxes
AVG $13,013
$11,978
Year Built
AVG 1981
2027
Visits
AVG 149
15
Data Provided by Inside Real Estate®

5116 Indianola Avenue Minneapolis, MN is a Single Family Home for sale at $3995000 with 5000 sqft and a lot size of 0.18 Acres Acre(s). 5116 Indianola Avenue Minneapolis has 5 bedrooms, 4 baths and was built in 2027. The property's zip code is 55424 which is in Minneapolis, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.