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Property Description for 1005 Rae Drive Unit 8 Richfield MN 55423 - MLS# 7130468
Welcome to this comfortable, pet friendly and inviting two-bedroom townhome, offering a wonderful combination of privacy, outdoor living, and thoughtful updates. Located on the upper level, the home enjoys added privacy and less noise while overlooking a beautiful shared courtyard highlighted by a mature maple tree that provides welcome shade and a picturesque backdrop throughout the seasons.
Inside, the living area is anchored by a brick wood-burning fireplace, adding warmth and character to the space. The kitchen features stainless steel appliances, including a refrigerator, dishwasher, electric range, vent hood, and microwave, along with a convenient pull-down faucet. An eat-in area and pass-through connect the kitchen to the living room for an open and functional flow, while a separate informal dining area provides additional space for meals and entertaining.
One of the home's standout features is its large private deck overlooking the courtyard—an ideal place for morning coffee, outdoor dining, or simply relaxing while enjoying the mature trees and peaceful common grounds. Andersen windows bring in plenty of natural light and further connect the interior with the beautiful surroundings.
The home also offers the added comfort of two mini-split systems—a feature not commonly found in other units. An energy-efficient A. O. Smith Signature 900 electric heat-pump water heater and in-unit LG ThinQ stackable washer and dryer add modern efficiency and everyday convenience. Storage is surprisingly abundant for a home of this size, including a private garage.
The location is equally impressive, with Wood Lake Nature Center and Richfield Lake Park just steps away, putting beautiful trails, green space, and nature right outside your door. Everyday conveniences are just blocks away, offering groceries, restaurants, shopping and much more.
With its peaceful upper-level setting, inviting fireplace, spacious deck, courtyard views, thoughtful upgrades, and exceptional access to both nature and everyday necessities, this townhome offers an appealing blend of comfort, convenience, and easy living.
General Info
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General Property Information for 1005 Rae Drive Unit 8 Richfield MN 55423 - MLS# 7130468
Bedrooms and Bathrooms
Total Bedrooms:
2
Main Floor Bedroom:
Yes
Total Bathrooms:
1
Full Baths:
1
3/4 Baths:
0
1/2 Baths:
0
1/4 Baths:
0
Bath Description:
Bathroom Ensuite, Full Master, Full Jack & Jill, Main Floor Full Bath, Master Walk-Thru
Size and Townhouse
Year Built:
1980
Type of Property:
Townhouse
Style:
Side x Side
Stories/Levels:
1 Story
Total SqFt:
1,062
Total Fnsh'd SqFt:
1,062
Above Ground SqFt:
1,062
Finished Above Grade:
1,062
Below Ground SqFt:
0
Finished Below Grade:
0
Garage Stalls:
1
Garage SqFt:
240
Main Floor SqFt:
1,062
Approx Lot Dimensions:
579 x 370 x 303 x 394 x 99 x 180 x 100 x 30 x 42 x 127
Approx Number of Acres:
5.859
Property Features
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Property Features for 1005 Rae Drive Unit 8 Richfield MN 55423 - MLS# 7130468
Air Conditioning:
Ductless Unit
Amenities - Interior:
Ceiling Fan(s), Deck, Indoor Sprinklers, Kitchen Window, Master Bedroom Walk-In Closet, Main Floor Master Bedroom, Natural Woodwork, Tile Floors, Washer/Dryer Hookup, Walk-In Closet, All Living Facilities on One Level, Main Floor Primary, Main Floor Laundry
Amenities - Exterior:
Fire Sprinkler System
Appliances:
Dishwasher, Dryer, Electric Water Heater, ENERGY STAR Qualified Appliances, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
Basement Style:
None
Characteristics:
All Living Facilities on One Level,Main Floor Primary,Main Floor Bedroom,Main Floor Laundry
Construction Type:
Previously Owned
Dining:
Eat In Kitchen, Informal Dining Room
Exterior:
Frame
Fireplace:
Yes
# Fire Places:
1
Fireplace Type:
Brick, Family Room, Living Room, Wood Burning
Fuel:
Electric
Garage Type:
Detached Garage
Heat:
Baseboard, Ductless Mini-Split
Parking Features:
Assigned, Asphalt, Electric, Garage Door Opener, Guest Parking
Roof:
Age 8 Years or Less, Architectural Shingle, Pitched
Waterfront:
No
Sewer:
City Sewer/Connected
Water:
City Water/Connected
Room Info
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Room Information for 1005 Rae Drive Unit 8 Richfield MN 55423 - MLS# 7130468
Room Name
Room Level
Room Dimensions
Foyer
Lower
05 x 05
Kitchen
Main
10 x 09
Dining Room
Main
09 x 09
Living Room
Main
17 x 15
Bedroom
Main
15 x 10.6
Bedroom 2
Main
10 x 09
Bathroom
Main
08 x 7.6
Deck
Main
15 x 06
Laundry
Main
07 x 04
Walk-In Closet
Main
08 x 04
Owner and Association Info
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Owner and Assocation Info for 1005 Rae Drive Unit 8 Richfield MN 55423 - MLS# 7130468
Ownership Information
Owner is Agent:
No
Rental License:
No
In Foreclosure:
No
Potential Short Sale:
No
Lender Owned:
No
Auction:
No
Association Information
Association Fee:
Yes, $447 / Monthly
Association Name:
Cic 0210 Wood Lake Village Condo
Association Fee Covers:
Building Exterior, Hazard Insurance, Lawn Care, Maintenance Grounds, Parking, Professional Mgmt, Sanitation, Sewer, Shared Amenities, Snow Removal, Water
Tax Info
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Location, Tax and Other Information for 1005 Rae Drive Unit 8 Richfield MN 55423 - MLS# 7130468
Address Information
House Number:
1005
Street:
Rae
Street Abbreviation:
Drive
Street Dir Sfx:
Postal City:
Richfield
County:
Hennepin
State/Province:
MN
ZipCode:
55423
Subdivision:
Cic 0210 Wood Lake Village Condo
Tax Information
Parcel Number:
Tax Classification:
Residential-Multi-Family
Tax Year:
2026
Tax Amount:
$2,656.00
Assessments:
No
Taxes w/Assessments:
$2,656.00
School Info
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School Information for 1005 Rae Drive Unit 8 Richfield MN 55423 - MLS# 7130468
School District:
280
Elementary School:
Middle School:
High School:
This listing has been entered by the following office: Sagedahl Realty
The data relating to real estate for sale on this web site comes in part from the Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than MnRealtyCo, LLC are marked with the or the and detailed information about them includes the name of the listing brokers.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
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Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than MnRealtyCo, LLC are marked with the 
and detailed information about them includes the name of the listing brokers.