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3617 Rainbow Drive, Minnetonka, MN 55345

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For Sale
Sale Pending

$699,999

5 beds • 2 baths • 2 half baths • 3,689 sqft

Estimated Payment

$ 4,163 /mo. †

6.63% APR for 30 yrs.
$6,906 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • $189.75
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Welcome home to this 2 story, 5 bed, 4 bath home located in Minnetonka's award winning school district. New roof in 2022. The kitchen has newer granite countertops and SS appliances. Main floor bedroom is currently being used as an office. Four bedrooms and a full bath complete the upper level, including a primary suite with 3/4 bath and ample closet space. (3 of the 4 bedrooms have hardwood floors under carpet). Lower level includes a family room with wood burning fireplace, laundry room, mechanical room, and half bath. Beautiful 4 season porch has sliding doors, floor to ceiling windows, and a gas stove for keeping warm on those chilly nights, Step out to the fully screened porch, an ideal space for relaxing and dining while enjoying the peaceful view. This home sits on a large lot with lots of privacy. The property backs up to a wooded area, with a newer paver patio for having fires or just hanging out. Walkable to nearby restaurants and coffee shops. Close to schools, Bennett Park, Ridgedale mall, and highways. Owner is providing a 1 year Home Warranty including outside sewer line.
MLS# 6623797

Courtesy Of RE/MAX Results

(952) 829-2900

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Cooktop, Dishwasher, Dryer, Freezer, Garbage Disposer, Microwave, Oven - Double, Refrigerator, Washer, Water - Softener
  • Architecture Style
    Other
  • Heating System
    Baseboard, Hot Water
  • Lot Size
    0.7 Acres

Map and Directions

Directions to 3617 Rainbow Drive, Minnetonka, MN 55345

Home seller CENTURY 21 Atwood

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Atwood

(763) 295-0049
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $3,588
  • Property Taxes
    $575
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $4,163

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Groveland Elementary

Grades KG-5 Public School

Minnetonka, MN 55345 0.3 miles
17310 minnetonka blvd

917 total students
15:1 Student teacher ratio

School Rating: A+

School Details

Minnetonka Middle School East

Grades 6-8 Public School

Minnetonka, MN 55345 0.7 miles
17000 lake street ext

1315 total students
16:1 Student teacher ratio

School Rating: A

School Details

Minnetonka High School

Grades 9-12 Public School

Minnetonka, MN 55345 2 miles
18301 highway 7

3444 total students
19:1 Student teacher ratio

School Rating: A+

School Details
Other Nearby Schools Distance Type Grades School Rating
St Therese Catholic School 0.6 miles Private KG-8
Academy Of Whole Learning 1.5 miles Private 1-12
Minnetonka Christian Academy 1.5 miles Private PK-10
Deephaven Elementary 1.6 miles Public KG-5 A-
Tonka Online 2 miles Public 7-12
St Bartholomew Catholic School 2.4 miles Private PK-6
270 Hopkins West Jr High Area Learning Center 2.5 miles Public 7-9
Hopkins West Junior High 2.5 miles Public 7-9 C
Scenic Heights Elementary 2.5 miles Public KG-5 A+
Glen Lake Elementary 2.6 miles Public KG-6 B+
Clear Springs Elementary 2.6 miles Public KG-5 A-
Step By Step Montessori 2.7 miles Private PK-KG
West Middle School 2.8 miles Public 6-8 A-
Redeemer Christian Academy 2.9 miles Private PK-8
Gleason Lake Elementary School 3 miles Public KG-5 B
Central Middle School 3.1 miles Public 6-8 B+

St Therese Catholic School

Distance: 0.6 miles

Type Private

Grades: KG-8

Academy Of Whole Learning

Distance: 1.5 miles

Type Private

Grades: 1-12

Minnetonka Christian Academy

Distance: 1.5 miles

Type Private

Grades: PK-10

Deephaven Elementary

Distance: 1.6 miles

Type Public

Grades: KG-5

A-

Tonka Online

Distance: 2 miles

Type Public

Grades: 7-12

St Bartholomew Catholic School

Distance: 2.4 miles

Type Private

Grades: PK-6

270 Hopkins West Jr High Area Learning Center

Distance: 2.5 miles

Type Public

Grades: 7-9

Hopkins West Junior High

Distance: 2.5 miles

Type Public

Grades: 7-9

C

Scenic Heights Elementary

Distance: 2.5 miles

Type Public

Grades: KG-5

A+

Glen Lake Elementary

Distance: 2.6 miles

Type Public

Grades: KG-6

B+

Clear Springs Elementary

Distance: 2.6 miles

Type Public

Grades: KG-5

A-

Step By Step Montessori

Distance: 2.7 miles

Type Private

Grades: PK-KG

West Middle School

Distance: 2.8 miles

Type Public

Grades: 6-8

A-

Redeemer Christian Academy

Distance: 2.9 miles

Type Private

Grades: PK-8

Gleason Lake Elementary School

Distance: 3 miles

Type Public

Grades: KG-5

B

Central Middle School

Distance: 3.1 miles

Type Public

Grades: 6-8

B+

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Minnetonka, MN 55345

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Minnetonka, MN 55345

This community’s employment is highest in the construction and administrative support industries. The area’s overall household expenses are above the national average.

83° July
Hottest Average Month
3° January
Coldest Average Month
8,880 Total Households in Area
-2.5% Increase in population since the year 2010
30.2%
of households
have children
19 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Minnetonka, MN 55345

Minnetonka, MN 55345 has a population of 21,929 people in 8,880 households with a median age of 45.3 years old.

-2.5%
Decrease in population
since the year 2010
Population is Trending down
9,007
Total households as of 2010
4.8%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 45.3 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 86%
Asian 3%
Hispanic 3%
Black 3%
Other 1%
Native American <1%
The most prevalent ethnicity is White at 86%, followed by Asian at 3%, Hispanic at 3%, and Black at 3%.

Economics
for Minnetonka, MN 55345

1,893 /sq mi
Population Density
$120,989 /yr
Median Household Income
$515,000
Median Sales Price
19 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is Over $200k representing 25.68% of the households.

Transportation to Work

  • Drive 74%
  • Work from Home 21%
  • Walk or Bike 2%
  • Public Transit 1%

Occupancy by Type

Owned 7,414 80%
Rented 1,466 16%
Vacant 376 4%

White vs Blue Collar Jobs







White Collar 89%
Blue Collar 11%

Family & Education Facts
for Minnetonka, MN 55345

45.3 Median Age

Average Household Size

2.5
persons per
household

55.8%

Married Households

Community Population By Education

Bachelors Degree 38%
Graduate Degree 26%
Some College 15%
High School Graduate 11%
Associates Degree 7%
Some High School 3%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 38.15% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
30.3% of households have children

Weather
for Minnetonka, MN 55345

The weather for this area ranges from a high of 83° F in July to a low of 3° F in January

83° July
Hottest Average Month
3° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
3°
22°
Feb
8°
28°
Mar
21°
40°
Apr
35°
56°
May
47°
70°
Jun
57°
79°
Jul
61°
83°
Aug
59°
81°
Sep
50°
71°
Oct
39°
59°
Nov
24°
40°
Dec
10°
27°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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