16584 Klamath Terrace Lakeville, MN 55044

$1,599,900
Active
estimated monthly payment
5 Beds  |  4 Baths  |  7,574 Sq Ft  |  Single Family  |  MLS # 7082814
Open House(s)
Sat, Jun. 6 1:00pm to 3:00pm
  • 16584 Klamath Terrace
    16584 Klamath Terrace
  • Front view of home at twilight
    Front view of home at twilight
  • Back view of home from yard
    Back view of home from yard
  • View of back of home and pool
    View of back of home and pool
  • Aerial view of home with lake behind
    Aerial view of home with lake behind
  • Surrounded by trees
    Surrounded by trees
  • 16584 Klamath Terrace
    16584 Klamath Terrace
  • Elegant home sits at the end of cul-de-sac with it's own 275 feet of lakeshore out back
    Elegant home sits at the end of cul-de-sac with it's own 275 feet of lakeshore out back
  • Front driveway
    Front driveway
  • Looking out the front door
    Looking out the front door
  • Front entryway
    Front entryway
  • Front Door
    Front Door
  • Living room / Great room with gas fireplace, sweeping views of trees and the lake
    Living room / Great room with gas fireplace, sweeping views of trees and the lake
  • Lake view from the moment you step in the front door
    Lake view from the moment you step in the front door
  • Fireplace and 2 story views
    Fireplace and 2 story views
  • Hardwood floors in Great Room
    Hardwood floors in Great Room
  • View from living room, entry, kitchen
    View from living room, entry, kitchen
  • Dining room
    Dining room
  • Dining room has view of the lake and pool
    Dining room has view of the lake and pool
  • Spacious 4-season porch is climate controlled with it's own fireplace and mini-split
    Spacious 4-season porch is climate controlled with it's own fireplace and mini-split
  • 4-season porch has new LVP, new mini-split and is climate controlled for all weather
    4-season porch has new LVP, new mini-split and is climate controlled for all weather
  • Kitchen Island
    Kitchen Island
  • Updated kitchen with island
    Updated kitchen with island
  • View of kitchen and living room
    View of kitchen and living room
  • View to kitchen
    View to kitchen
  • Breakfast area
    Breakfast area
  • Main floor laundry room
    Main floor laundry room
  • Main floor half bath
    Main floor half bath
  • Foyer
    Foyer
  • View of dining and office
    View of dining and office
  • Main floor office off front entry
    Main floor office off front entry
  • 16584 Klamath Terrace, Lakeville, MN 55044 Listing Photo  32
  • Office
    Office
  • Great architectural details throughout
    Great architectural details throughout
  • Upper level landing
    Upper level landing
  • Primary bedroom suite has lake and treetop views
    Primary bedroom suite has lake and treetop views
  • Primary suite has fireplace
    Primary suite has fireplace
  • Windows, fireplace, expansive primary bedroom
    Windows, fireplace, expansive primary bedroom
  • Separate tub & shower
    Separate tub & shower
  • Vanity, well-appointed bath
    Vanity, well-appointed bath
  • Soaking tub and window
    Soaking tub and window
  • Bedroom 2 upper level
    Bedroom 2 upper level
  • Bedroom 2 window
    Bedroom 2 window
  • Upper level bedroom 3
    Upper level bedroom 3
  • Jack & Jill bath upper level
    Jack & Jill bath upper level
  • Lower Level Media Room
    Lower Level Media Room
  • 3 TVs, retractable screen, projector
    3 TVs, retractable screen, projector
  • Billiards room
    Billiards room
  • Entertainment area
    Entertainment area
  • Fireplace, room for a ping pong table
    Fireplace, room for a ping pong table
  • Amusement room
    Amusement room
  • Wet bar
    Wet bar
  • Expansive lower level
    Expansive lower level
  • Lower level Bedroom 4
    Lower level Bedroom 4
  • Bedroom 5 - workout room
    Bedroom 5 - workout room
  • Lower Level 3/4 Bath
    Lower Level 3/4 Bath
  • Main floor deck, great lake views, new maintentance free boards
    Main floor deck, great lake views, new maintentance free boards
  • Main floor deck w new maintenance free boards
    Main floor deck w new maintenance free boards
  • View of pool from the deck
    View of pool from the deck
  • New Stone patio and fire pit
    New Stone patio and fire pit
  • View back to the house
    View back to the house
  • Garden pathway
    Garden pathway
  • New concrete drive is appealing and welcoming
    New concrete drive is appealing and welcoming
  • Diving board and new slide
    Diving board and new slide
  • Pristine pool
    Pristine pool
  • Pool patio with room to lounge
    Pool patio with room to lounge
  • Back of home
    Back of home
  • View looking back at the house from the lake
    View looking back at the house from the lake
  • 156-web-or-mls-16584 Klamath Terrace-757.jpg
    156-web-or-mls-16584 Klamath Terrace-757.jpg
  • 157-web-or-mls-16584 Klamath Terrace-760.jpg
    157-web-or-mls-16584 Klamath Terrace-760.jpg
  • 158-web-or-mls-16584 Klamath Terrace-766.jpg
    158-web-or-mls-16584 Klamath Terrace-766.jpg
  • Breathtaking home
    Breathtaking home
  • Private and peaceful
    Private and peaceful
  • Home on the lake, surrounded by trees
    Home on the lake, surrounded by trees
  • From the air, view looking down
    From the air, view looking down
  • Lower Walkout Level Floorplan.jpg
    Lower Walkout Level Floorplan.jpg
  • Main Level Floorplan.jpg
    Main Level Floorplan.jpg
  • Upper Level Floorplan.jpg
    Upper Level Floorplan.jpg
  • Whole House Floorplans all on one page.jpg
    Whole House Floorplans all on one page.jpg
  • Lot Lines & Dimensions.png
    Lot Lines & Dimensions.png

About The Listing

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!


Listing courtesy of Leslie M Dahlen, Realty Exchange
Purchase Price
Loan Type
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Interest Rate
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Homeowner's Insurance
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Property Details

Features

 
 
 
Property Type: Single Family
Status: Active
Contingency Type: None
Year Built: 1991
MLS #: 7082814
Bedrooms: 5
Square Feet: 7,574
Bathrooms (Full): 2
Price Per Square Foot: $211
Bathrooms (Half) : 1
Bathrooms (Three Quarters) : 1
Garage Spaces: 3
Parking Description: Attached Garage, Concrete, Finished Garage, Heated Garage, Insulated Garage
Sewer Description: City Sewer/Connected
Air Conditioning Type: Central Air
Water: City Water/Connected
Heat Type: Forced Air, Fireplace(s)
Basement: Daylight/Lookout Windows, Drain Tiled, Finished, Full, Kitchenette, Walkout
Foundation Type: Block
Roof Description: Age 8 Years or Less, Architectural Shingle, Asphalt
Days On Market (Continuous): 0
Disability Features: None
Latest Update: 06/02/2026
List Date: 05/29/2026
Listing Agent ID: 502019392
Listing Office: Realty Exchange
Listing Office ID: 40779
Data Source: NorthstarMLS - The Regional MLS of Minnesota
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
Fireplace Features: Amusement Room, Gas, Living Room, Primary Bedroom
Laundry Features: Laundry Room, Main Level
Number of Fireplaces: 4
Exterior Features: Stucco
Lot Dimensions: 442x45x431x522
Lot Size: 3.13 Acres
Pool Description: Below Ground, Heated, Outdoor
Lot Features: Accessible Shoreline
View Description: Lake, Panoramic
Waterfront: Lake Front
School District: Lakeville
Tax Year: 2026
Estimated Taxes: $14,746
Contingency Type: None
City: Lakeville
Zip: 55044
County: Dakota
Subdivision: Kingsley Cove
State: MN

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Listing last updated: 06/02/26

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