540 Tulare TerraceNewport, MN 55055
$487,990
2 bedrooms · 2 bathrooms · 1,899 finished sq ft
About this home
FHA 5.25/5.891% APR if closing by December 23rd with sellers preferred lender. Call for further details. Welcome to the Cedarwood II located in the brand-new Cherrywood neighborhood perched high above the valley on a spectacular bluff yet with east access to the freeway and shopping. This villa style home features everything on one level and a much sought after main floor owner's suite. The walk in closet is the star here along with the ensuite bathroom featuring dual sink vanity, a window and a large tile shower! WOW. Enjoy nature year-round in the beautiful 4 season sunroom. The kitchen features a slide in gas range, a huge center island with quartz countertops, and a convenient corner pantry. Need storage? Say wow to a 13x 14 attic storage attic above the main floor garage!! This is accessed by a real staircase (NOT a pull-down ladder). Beautiful upgrades here include low maintenance luxury plank flooring, fireplace, the “morning room” sunroom which leads to the patio with a dedicated grill pad. This home has it all for lock-and-go lifestyle. Architecturally designed with beautiful cabinetry too and unique -to -each- home finishes selected by our design professionals to look timeless. No cookie cutter selections here! Come relax, enjoy being nestled in nature in a setting close to freeways and the desirable amenities of nearby Woodbury. East Ridge High School.
Home facts
- Home type
- Condo
- Style
- Single Family Residence
- Year built
- 2026
- Bedrooms
- 2
- Bathrooms
- 2
- Finished sq ft
- 1,899
- Garage
- 2 stalls
- Basement
- None
- Heating
- Natural Gas, Forced Air
- Cooling
- Central Air
- HOA / association fee
- $175
- Listed
- May 3, 2026
- MLS number
- 7066875
Listing courtesy of M/I Homes (Ava Lee). MLS #7066875.
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How it compares
540 Tulare Terrace, Newport, MN 55055 is a newly built 2-bedroom condo, listed for $487,990 on May 3, 2026 by M/I Homes. That is in the upper quarter of the 15 condos for sale in Newport right now (median $404,984; $257 per square foot here against $224 for the group). That works out to $257 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Newport community guideSchools, commutes, parks, home values and local stories.
- Newport housing market, September 2026Homes sold for a median $391,500 over 12 months (+5.8%), 51 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Association fee (as listed)
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026) 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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