2538 Arcola Ln in Minnetonka Beach sells for $2.65 million

A single-family home at 2538 Arcola Ln in Minnetonka Beach sold for $2,650,000 on October 1, 2026. That is 34% above its last recorded sale, for $1,980,000 in 2020. The Certificate of Real Estate Value was filed with the Minnesota Department of Revenue.

An aerial photo shows the parcel is steps from a lake. Trees cover much of the lot, with other houses around it.

The record lists Timothy L. Traff and Beth M. Traff as the sellers. It names Daniel L. Smytka as the buyer.

Assessor's records show a build year of 1928 and a 0.51-acre lot. The market value on record is $2,586,200. Listing data shows 4 bedrooms and 4 bathrooms.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in Hennepin County?

By our estimate, the seller's two largest charges, not counting commission and prorations, were $9,010 for the state deed tax + Environmental Response Fund (Hennepin/Ramsey) and $5,612.50 for the owner's title insurance policy. Who pays what follows Hennepin County custom.

How much did the seller net?

By our estimate, the seller netted about $2,495,005. That assumes a 5% commission. It is before any mortgage payoff.

How much cash did the buyer bring to closing?

A buyer putting 20% down would need about $583,270 at closing. That covers the down payment and closing costs.

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