16584 Klamath Terrace, Lakeville, MN 55044
Local realty services provided by:ERA Prospera Real Estate
16584 Klamath Terrace,Lakeville, MN 55044
$1,549,900
- 5 Beds
- 4 Baths
- 7,574 sq. ft.
- Single family
- Active
Listed by: leslie m dahlen
Office: realty exchange
MLS#:7082814
Source:NSMLS
Price summary
- Price:$1,549,900
- Price per sq. ft.:$191.96
About this home
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!...
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Home facts
- Year built:1991
- Subdivision & Development:Kingsley Cove
- Listing ID #:7082814
- Added:76 day(s) ago
- Updated:August 14, 2026 at 12:33 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Full bathrooms:2
- Half bathrooms:1
- Dining Description:Breakfast Area, Separate/Formal Dining Room
- Bathrooms Description:3/4 Basement, Jetted Tub, Main Floor 1/2 Bath, Separate Shower and Tub, Upper Level Full Bath
- Kitchen Description:Cooktop, Dishwasher, Disposal, Exhaust Fan, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven
- Basement:Yes
- Basement Description:Daylight / Lookout Windows, Drain Tiled, Finished, Full, Walkout
- Living area:7,574 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Fireplace(s), Forced Air
- Central air:Yes
Structure and exterior
- Roof:Age 8 Years or Less, Asphalt
- Year built:1991
- Building area:7,574 sq. ft.
- Lot area:3.13 Acres
- Lot Features:Accessible Shoreline
- Levels:2 Story
Utilities
- Water:City Water - Connected
- Sewer:City Sewer - Connected
Finances and disclosures
- Price:$1,549,900
- Price per sq. ft.:$191.96
- Tax amount:$14,746 (2026)
Features and amenities
- Appliances:Disposal, Exhaust Fan, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer, Water Softener Owned
- Laundry features:Dryer, Washer
- Amenities:Air-To-Air Exchanger, Central Vacuum, Water Filtration System, Water Softener Owned
- Pool features:Below Ground, Heated, Outdoor
Parking
- Parking description:Attached Garage, Concrete, Heated Garage, Insulated Garage
- Garage:Yes
- Garage spaces:3
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