LKV Realty
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$1,549,900
$6,000Reward *
16584 Klamath Terrace, Lakeville, MN 55044Listing ID 7082814

16584 Klamath Terrace, Lakeville, MN 55044

Active
Kingsley Cove
Time on site: 81 daysLast updated: Jul 14, 2026
Property Type
Property Type
Residential
Property Sub Type
Property Sub Type
Single Family
Bedrooms
Bedrooms
5
Bathrooms
Bathrooms
4
Square Feet
Square Feet
8,074
Days on Site
Days on Site
35
Cooling
Cooling
Central Air
Heating
Heating
Forced Air, Fireplace(s)
Year Built
Year Built
1991
Garages
Garages
3
Parking
Parking
Attached Garage, Concrete, Finished Garage, Heated Garage, Insulated Garage

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 Information

Property Details

Location

Address
16584 Klamath Terrace
County
Dakota
City
Lakeville
Zip Code
55044
Subdivision
Kingsley Cove
School District
Lakeville

Interior Features

Beds and Baths

Bedrooms
5
Full Bathrooms
2
Half Bathrooms
1
3/4 Bathrooms
1

Building

Building Information

Square Feet
8,074
Year Built
1991
Foundation
Block
Roof
Age 8 Years or Less, Architectural Shingle, Asphalt

Property Taxes

Tax Annual Amount
$14,746
Tax Year
2026
Realty Exchange, (952) 465-3100

Market Report for 55044

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: Northstar MLS
Northstar MLS logo

Based on information submitted to the MLS GRID as of 18 Aug 2026, 09:32 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

For corrections to this data please contact Brytecore MLS Support.

NST502019392