For Sale House MLS# 7082814

16584 Klamath Terrace

Lakeville, MN 55044

$1,549,900

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Take the tour

About 16584 Klamath Terrace

Lakefront living at its finest, this one-of-a-kind luxury home features stunning views from every room, an inviting pool, stone fire pit area, privacy, and soft modern architecture. It is both impressive and comfortable at the same time.

Set on more than 3 acres with 329 feet of shoreline, this custom-built executive Tom Mihm home was originally designed as the builder’s personal residence — and it shows in the exceptional layout, quality craftsmanship, and incredible connection to the lake from nearly every room.

With over 7,500 finished square feet, home highlights include a 2 story great room, high vaulted ceilings, expansive picture windows, kitchen island, four fireplaces, and incredible entertaining space.  Fresh interior and exterior paint, new hardwood and LVP flooring, a new roof, updated landscaping, and new concrete driveway and front porch add to the home’s refreshed appeal. Relaxation and enjoyment is amplified with the new whole house Sonos S2 sound system.

Recently updated, the kitchen has a large center island and opens naturally into multiple living and dining spaces, including a renovated four-season porch with new mini-split that overlooks the pool and lake. Upstairs, the primary suite includes its own fireplace, elegant bath, and peaceful panoramic lake views.

The walkout lower level was made for fun, featuring a media room with projector, retractable screen, Sonos sound, and a custom TV wall with three picture-in-picture TVs — perfect for game days, movie nights, or hosting friends and family. There's also a wet bar, pool table, space for the ping pong table, game table, and work-out room. Outside, there's a new hot tub, new firepit, new maintenance-free deck boards, and an awesome pool with slide, diving board, and plenty of patio space for sunbathing, making it easy to enjoy the property year-round.

Additional features include a Jack and Jill bath connecting two upper-level bedrooms, a spacious main floor laundry room, and abundant lower-level storage space that is rarely found in lake homes of this size.

Whether spending quiet mornings on the water, swimming and fishing off the shoreline, or taking the boat over to community favorite restaurant, The Chart House, for dinner or events, the lifestyle here is just as exceptional as the home itself. The lake is ideal for kayaking, canoeing, swimming, fishing, and small 10hp motorized boats, offering a quieter and more relaxed lake experience. Location is close to everything, but feels perfectly secluded in a friendly, upscale neighborhood. Come see for yourself all that this amazing home has to offer!

Property details

Property

Type
Single Family
MLS type
Single Family Home
Status
Active
Year built
1991
Stories
Two
Living area
7,574 sqft
Price / sqft
$205
Lot
3.13
Full baths
2
Half baths
1
Original price
$1,599,900
MLS #
7082814

Interior

Features
Central Air, 0, Forced Air, Fireplace(s), Laundry Room, Main Level, Daylight/Lookout Windows, Drain Tiled, Finished, Full, Kitchenette, Walkout, Amusement Room, Gas, Living Room, Primary Bedroom, Fireplace, Fireplaces: 4, Air-To-Air Exchanger, Central Vacuum, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Water Filtration System, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer, Water Softener Owned
Appliances
Air-To-Air Exchanger, Central Vacuum, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Water Filtration System, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer, Water Softener Owned
Heating
Forced Air, Fireplace(s)
Cooling
Central Air
Fireplaces
4
Laundry
Laundry Room, Main Level

Exterior & lot

Features
Below Ground, Heated, Outdoor, Stucco, Attached Garage, Concrete, Finished Garage, Heated Garage, Insulated Garage
Construction
Two, Block, Age 8 Years or Less, Architectural Shingle, Asphalt
Roof
Age 8 Years or Less, Architectural Shingle, Asphalt
Foundation
Block
Lot
Lake, Panoramic, 224186001060, 275
View
Lake, Panoramic
Pool
Below Ground, Heated, Outdoor
Waterfront
Lake Front
Parking
Attached Garage, Concrete, Finished Garage, Heated Garage, Insulated Garage
Garage spaces
3

Schools

District
Lakeville Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$14,746
Tax year
2026
Parcel
224186001060

Location

Subdivision
Kingsley Cove
County
Dakota
Community
Dakota, City Street, Cul De Sac, Paved Streets, Storm Sewer, 0.0, northstar, Lakeville
Directions
From 35W, take Exit 86 for Cty Rd 46 - go West. Continue on 162nd St W. Take Klamath Trail to Klamath Terrace to home at the end of the cul-de-sac.

Location

Neighborhood
Kingsley Cove
School district
Lakeville Public School District

Ask about this property

Questions on 16584 Klamath Terrace, Lakeville, MN 55044, or want to see it in person?

Listed by Leslie M Dahlen, Realty Exchange

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.