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1005 Rae Drive #8Richfield, MN 55423

$209,000

2 bedrooms · 1 bathrooms · 1,062 finished sq ft · 5.859 acre lot

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About this home

See video tour and interactive floor plan at virtual tour link. Welcome to this bright and inviting two-bedroom townhome. It is pet friendly, rentals are allowed, and offers an appealing combination of privacy, generous living space, outdoor living, and thoughtful updates. Located on the upper level, the home enjoys added privacy and less noise, along with wonderful natural light and views overlooking a beautifully maintained shared courtyard framed by mature trees. The spacious living room is centered around a handsome brick wood-burning fireplace, bringing warmth and character to the heart of the home. Large Andersen windows and the nearby patio door fill the space with natural light, while the open connection between the living and dining areas gives the home an airy, comfortable feel. The kitchen features stainless steel appliances, including a refrigerator, dishwasher, electric range, vent hood, and microwave, along with a pull-down faucet. A convenient pass-through with counter seating connects the kitchen to the living spaces, while the separate dining area provides plenty of room for meals and entertaining. One of the home's best features is the large private deck overlooking the courtyard. Surrounded by mature trees and greenery, it feels like a peaceful extension of the living space—perfect for morning coffee, outdoor dining, or simply relaxing and enjoying the view. A magnificent mature maple tree provides shade and a beautiful backdrop throughout the seasons. Both bedrooms offer comfortable proportions and excellent closet space, while **two mini-split systems—a valuable feature not commonly found in other units—**provide added comfort alongside the home's baseboard heat. 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 throughout the home, complemented by a private garage. The location may be one of the best features of all. Wood Lake Nature Center and Richfield Lake Park are just steps away, putting trails, nature, and beautiful green space practically outside your door. Yet everyday conveniences are equally close, with shopping just blocks away offering groceries, restaurants, medical services, and nearly everything you need. With its sun-filled upper-level setting, open living spaces, wood-burning fireplace, expansive deck, leafy courtyard views, thoughtful upgrades, and exceptional location, this townhome offers a wonderful balance of nature, convenience, and easy everyday living.

Home facts

Home type
Condo
Style
(CC) Manor/Village
Year built
1980
Bedrooms
2
Bathrooms
1
Finished sq ft
1,062
Lot
5.859 acres
Garage
1 stalls
Basement
None
Heating
Electric, Baseboard
Cooling
Ceiling Fan(s), Ductless
Property taxes
$2,656 a year
HOA / association fee
$447
Listed
October 31, 2026
MLS number
7167529

Broker ReciprocityListing courtesy of Sagedahl Realty (Travis Sagedahl). MLS #7167529.

© 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.

Keller Williams Preferred Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Keller Williams Preferred Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed.

Broker ReciprocityThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Keller Williams Preferred Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

Keller Williams Preferred Realty participates in Regional MLS’s Broker Reciprocity℠ program, allowing us to display other brokers’ listings on our site. However, Keller Williams Preferred Realty displays only listings located in the Minnesota communities covered on this website. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available. Listing data last updated November 3, 2026 at 8:49 PM (Central). Use of listing data is subject to the license agreement. Open House information is subject to change without warning.

How it compares

1005 Rae Drive #8, Richfield, MN 55423 is a 2-bedroom condo built in 1980, listed for $209,000 on October 31, 2026 by Sagedahl Realty. That is in the middle range of the 26 condos for sale in Richfield right now (median $177,200; $197 per square foot here against $185 for the group). That works out to $197 per finished square foot.

Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 8:49 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.

The location

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Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing and the association fee as listed (assumed monthly). Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.

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