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18685 Highview Avenue
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18685 Highview Avenue
18685 Highview Avenue

18685 Highview Avenue, Lakeville, MN 55044 - MLS# 7109430

MLS® #: 7109430|Listed: Jul 15, 2026

$998,500

Bedrooms
5
Bathrooms
5
Square Feet
5,877
Acres
2.498
Year Built
1996
Property Type
Residential
Heating
Natural Gas, Forced Air
Cooling
Central Air, Zoned
Garages
3
School District
194 - Lakeville

Nearly 6,000 Finished Sq Ft on 2.5 Private Acres in Central Lakeville — Priced to Invest!!

This is the Lakeville property that shouldn't exist at this price.

5 bedrooms. 5 bathrooms. Nearly 6,000 finished square feet of brick-front living on 2.5 private acres — not 30 minutes outside of town, but in Lakeville, minutes from top-rated schools, dining, and shopping. At under $170 per square foot, this home is priced well below the Lakeville market average — and it sits on acreage that, on its own, carries significant value in today's land-scarce market.

The bones here are exceptional. A 35-year architectural roof (8 years in), LP SmartSide siding (3 yo), dual-zone HVAC (1 unit is newer), a road-grade driveway, irrigation system(irrigation system runs from the well, the house is city water/sewer), and a finished insulated 3-car garage with high ceilings built for more than just parking. Inside, vaulted ceilings and hardwood floors anchor a main-level layout where every daily living function is on one floor. The walkout lower level is built for entertaining — a large wet bar, generous gathering space, and room to grow.

This home is being offered at a price that gives its next owner real room to personalize and add value. Bring your vision for the kitchen. Reimagine the primary bath. Update finishes to your taste — and know that the structural investments, the mechanicals, and the acreage have already been handled. You're not buying a fixer. You're buying a canvas with a foundation that most new builds can't match — at a price per square foot that new construction in Lakeville can't touch.

Properties with this combination of space, land, and location don't come to market often. When they do, they don't come at this number.

18685 Highview Avenue, Lakeville, MN 55044

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Exterior & Construction

ConstructionStone
RoofAsphalt
FoundationPoured Concrete
PatioDeck, Patio

Rooms

RoomLevelDimensions
Bedroom 4Upper15 x 11
Living RoomMain19 x 17
LaundryMain17 x 7
Dining RoomMain15 x 14
Bedroom 2Upper15 x 13
Bedroom 3Upper15 x 13
Amusement RoomLower49 x 19
KitchenMain15 x 11
Family RoomLower32 x 22
BedroomMain16 x 16
Bonus RoomLower44 x 13
Bedroom 5Upper11 x 11
Family RoomMain23 x 18

Lot Information

Lot Size2.498
Acres2.498

Tax Information

Annual Tax$10,646
Assessment Year2026

Location

Call 612-356-2121For Showings and Questions
Broker Reciprocity logo
Listed by: Compass
Source: NorthstarMLS

Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. 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 Pederson Realty 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.