This rare top-floor penthouse corner suite offers two expansive screened porches running the full length of each side of the home and uncommon design found in only a handful of units built in this complex. With exceptional south and east exposures, the space is filled with natural light and enjoys refreshing cross-breezes throughout. Inside, the condo features a generous living/family room, spacious bedrooms, and quality finishing including raised-panel 36" upper kitchen cabinets and a full owner's ensuite with walk-in closet and separate bath. You'll also appreciate the convenience of the designated first parking space next to the elevator in the heated garage. Community amenities include indoor and outdoor pools, exercise room, sauna, party room, tennis courts, and two rentable guest suites. A truly special top-floor home, unique, bright, and rarely available. Screened porch finish is included in the sq.ft. for this home.
Cedar Ridge Condominiums, located between Cedar Lake Road and Highway 7, is a residential and low-rise Minnetonka neighborhood with wooded slopes and a quiet, cul-de-sac feel. The scene concentrates around the Cedar Lake Rd & Hwy 7 corridor, where coffee counters, local studios, and small-service storefronts set a practical, weekday rhythm. Condo buildings lean toward late-20th-century forms—brick, siding, and broad balconies—framed by mature trees and walking loops. Nearby green space and shoreline drives shape an outdoors-forward routine. Ridgedale Center and the Minnetonka Center for the Arts add retail and cultural punctuation without changing the calm tone.
Provided by Walk Score and Local Logic
Market insights
10511 Cedar Lake Rd #502 · $225,000
DAYS ON MARKET
1 days
The average home goes pending in 75 days.
SALE-TO-LIST
96.8%
Most homes are selling 3% below list price.
LIST PRICE
$225,000
Median sale price in this area is $212,000. (6% lower than this home)
PRICE DROP
0 price drops
23% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bedroom
Living
Interior features
Ceiling fan(s)
Natural woodwork
Walk-in closet
Bedrooms
2 bedrooms, both on the main level
Bathrooms
2 full bathrooms
Primary ensuite with a separate tub and walk-in shower
Kitchen
Dishwasher, microwave, range, refrigerator
Laundry & utility
Common-area laundry room in the hall
Heating & cooling
Baseboard heating
Wall-unit cooling
Exterior features
Stone exterior
Wraparound screened porch and terrace
Home design
Attached home
One level
Parking
Assigned, covered, secured, underground parking
Attached tuck-under garage with one space, garage door opener, and heated, insulated garage
Guest parking and additional onsite parking available for a fee
Asphalt parking lot
Construction
Concrete construction
Block, brick-and-mortar, poured-concrete, and slab foundation
Other roof type
Utilities
City water and sewer
Circuit-breaker electric service
Electric and natural gas
HOA & community
Monthly association fee of $594
Association amenities include a car wash, laundry, elevator, lobby, sauna, tennis courts, trails, and shared recreation spaces
Shared amenities include an amusement and party room, clubhouse, community room, exercise room, guest suite, and play area
Association fee includes controlled access, gas, hazard insurance, heating, lawn care, grounds maintenance, parking, professional management, recreation facilities, sewer, shared amenities, snow removal, and water
Electricity and solar
View estimated energy costs and solar savings for this home
This highly sought after top floor, corner unit boasts two screened in balconies with south and east facing panoramic views. This condo features a large living room and spacious bedrooms. The southern and eastern exposures provide good natural light and wonderful breezes through the unit. Amentities in the complex include both indoor and outdoor pools, exercise room, sauna, party room, tennis courts and 2 guest suites to rent. You don't want to miss out on this one!
Public Records
Oct 9, 2003
Sold
$164,900
$117/sq ft
Public Records
Sep 19, 1989
Sold
$76,000
$54/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$2,309 (+5.0%)
2025
$2,199 (+12.6%)
2024
$1,953 (+5.8%)
2023
$1,846 (−0.7%)
2022
$1,859 (+8.3%)
2021
$1,716 (+3.5%)
2020
$1,659 (+17.1%)
2019
$1,416 (−2.2%)
2018
$1,448 (+33.6%)
2017
$1,084 (+51.3%)
2015
$717 (+11.3%)
2014
$644 (+19.4%)
2013
$539 (−39.9%)
2012
$898
Public record
Beds
2
Baths
2
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
1980
Finished Sq. Ft.
1,212
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,212
Year built
1975
Style
Condo/Co-op
County
Hennepin County
APN
12 117 22 34 0220
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 21, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 98° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Minnetonka, MN • 55305
Average low and high temperatures (°F)
22
6
30
14
49
29
57
38
70
50
78
60
85
67
79
63
75
58
65
46
44
31
29
14
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Minnetonka. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.9 hrs
6.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 10511 Cedar Lake Rd #502
$223,512
$1,488 under list price of $225K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $144K to $299K.