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Powers Ridge Condominiums

Powers Ridge Condominiums

Powers Ridge Condominiums
Condominium Building
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

1321 Lake Dr
Chanhassen, MN 55317
184 Units
3 Stories
2001 Year Built
$154K - $307K Value Range

Available Units

For Sale
For Rent
No Units Available

Highlights

  • Fitness Center
  • Chanhassen Elementary School Rated A
  • Community Pool
  • Clubhouse
  • Elevator
  • Balcony

Suburban comfort in Chanhassen's Powers Ridge

Powers Ridge Condominiums, completed in 2001, offers a comfortable living experience in Chanhassen, Minnesota. This three-story complex houses 184 units, providing a range of living options from cozy one-bedroom apartments to spacious three-bedroom homes. Situated in a community known for its musical roots and lakeside suburban lifestyle, Powers Ridge combines modern convenience with the charm of small-town living. The building's location offers easy access to Chanhassen's amenities while maintaining a serene, residential atmosphere.

Versatile layouts for diverse lifestyles

Powers Ridge Condominiums caters to a variety of needs with its range of floor plans. One-bedroom units span from 700 to 918 square feet, ideal for singles or couples seeking a low-maintenance lifestyle. These units, priced between $176,899 and $180,000, typically feature one bathroom and an efficient layout. Two-bedroom configurations offer more space, ranging from 904 to 1,146 square feet. These units, priced from $194,900 to $217,000, come with one or two bathrooms, providing flexibility for small families or those who need a home office. Many two-bedroom units boast open floor plans, combining living and dining areas for a spacious feel. For larger households, the three-bedroom options range from 763 to 1,351 square feet, with one or two bathrooms, and are priced around $220,000. These larger units often feature walk-in closets in the primary bedroom and additional storage space. Throughout the complex, residents enjoy modern amenities such as in-unit laundry, gas fireplaces in select units, and private balconies or patios. Many units have been updated with stainless steel appliances, granite countertops, and new flooring. Vaulted ceilings in top-floor units add to the sense of spaciousness, while large windows provide ample natural light and views of the surrounding wooded areas. Monthly HOA fees range from $400 to $800, covering a comprehensive list of services including building maintenance, hazard insurance, lawn care, ground maintenance, parking, professional management, security, shared amenities, snow removal, and water.

Community-focused amenities for active living

Powers Ridge Condominiums offers a range of amenities designed to enhance residents' quality of life. The centerpiece is the heated indoor pool and hot tub, providing year-round relaxation and exercise opportunities. For those preferring dry-land workouts, a well-equipped fitness room is available on the third floor, rivaling many commercial gyms in quality and variety of equipment. The complex boasts multiple community spaces for socializing and entertainment. A spacious party room with a kitchenette serves as an ideal venue for gatherings and celebrations. The large outdoor deck, equipped with gas grills and ample seating, offers a perfect setting for summer barbecues and al fresco dining. For quieter pursuits, the building includes a library and a quiet reading room. Business needs are met with a conference room and business center, ideal for remote work or small meetings. Children are not forgotten, with a dedicated playground on the grounds providing a safe space for outdoor play. Practical amenities include heated underground parking, protecting vehicles from harsh Minnesota winters, and additional storage lockers for residents' convenience. The complex also features several community party rooms, offering flexible spaces for various events and activities. The combination of these amenities creates a community-oriented atmosphere, encouraging interaction among neighbors while providing private spaces for individual pursuits.

Lakeside living with urban conveniences

Powers Ridge Condominiums is situated in Chanhassen, a suburb that perfectly balances natural beauty with modern amenities. The neighborhood is known for its proximity to five lakes, offering residents ample opportunities for outdoor recreation. Lake Susan, just a short walk away, features a public boating ramp and a park with a turf-based playset, ideal for families with young children. The area's musical heritage is a point of pride, with Paisley Park, the former home and studio of Prince, located nearby. This iconic landmark, now a museum, attracts music enthusiasts from around the world and adds a unique cultural dimension to the neighborhood. For everyday needs, residents have easy access to a variety of shopping options. Target, less than two miles away, provides a convenient one-stop shop for household essentials. Grocery shopping is made easy with several options within a short drive, including ALDI, Lakewinds Food Co-op, and Lunds & Byerlys, catering to different preferences and budgets. Dining options in the vicinity cater to diverse tastes. For quick bites, Jersey Mike's Subs and Culver's are within a mile. Those seeking more varied cuisine can explore local favorites like Jungle Kitchen for Asian fusion or Rey Azteca for Mexican fare, both about two miles from the complex. Nature enthusiasts will appreciate the proximity to several parks. Sunset Ridge Park is less than a mile away, offering a quick escape into nature. Lake Ann Park, about two miles from Powers Ridge, provides a serene setting for picnics, trails, and water activities. The Chanhassen Dinner Theatres, opened in 1968, adds a touch of cultural flair to the neighborhood, offering Broadway-style shows and classic American dining. For those who enjoy a good read, the Chanhassen Library is conveniently located about a mile and a half from the complex. Educational needs are well-served in the area. Chanhassen Elementary School, Pioneer Ridge Middle School, and Chanhassen High School are all within a few miles of Powers Ridge, each boasting solid ratings from educational review sites. The neighborhood's blend of natural beauty, cultural attractions, and everyday conveniences makes it an appealing location for a wide range of residents, from young professionals to families and retirees.

Car-centric with some transit options

Transportation in the area around Powers Ridge Condominiums is primarily car-oriented, reflecting its suburban location. The complex's heated underground parking provides a convenient starting point for residents who rely on personal vehicles for their daily commutes and errands. For those seeking public transit options, the Southwest Village Park & Ride, located about two and a half miles away, offers bus connections to the wider Twin Cities area. While public transportation is limited compared to more urban areas, it provides an alternative for commuters and those looking to reduce their car usage. Cycling enthusiasts will find the area moderately bike-friendly, with some dedicated bike lanes and trails in the vicinity. The neighborhood's relatively flat terrain makes it suitable for casual rides, though dedicated cyclists may need to plan their routes carefully for longer trips. For longer-distance travel, the Minneapolis-St Paul International Airport is conveniently located about 19 miles away, typically a 30-minute drive depending on traffic conditions. This proximity makes Powers Ridge an attractive option for frequent travelers or those with out-of-town connections. While the immediate area around Powers Ridge is not particularly walkable for daily errands, the complex's location provides easy access to major roads. This allows for quick drives to nearby shopping centers, restaurants, and other amenities, typically within 5-10 minutes by car. As the area continues to develop, residents of Powers Ridge will find that having a car provides the most flexibility for navigating the suburban landscape of Chanhassen and connecting to the broader Twin Cities metropolitan area.

Available Condos

Building Details

Recreation

  • Community Playground
  • Fitness Center
  • Community Pool
  • Heated In Ground Pool
  • Community Indoor Pool
  • Indoor Pool
  • Community Spa

Outdoor Features

  • Community Barbecue Grill
  • Picnic Area

Amenities

  • Clubhouse
  • Business Center
  • Lounge
  • Community Storage Space

Parking

  • 1 Car Garage
  • Guest Parking
  • Parking Garage
  • Secure Parking
  • 1 Garage Space Per Unit

Condo Association

  • $524 Monthly HOA Fees
  • Monthly HOA Fees Range from $524 - $960
  • Association fees include maintenance structure, hazard insurance, lawn care, ground maintenance, professional mgmt, security, shared amenities, snow removal
  • Firstservice Residential Association, Phone Number (952) 361-9400
  • Powers Ridge Condo Homes Subdivision
  • On-Site Maintenance

Building Design

  • Fire Sprinkler System
  • Low-Rise Condominium
  • Elevator

Unit Features

  • Washer and Dryer Hookup
  • Balcony

Unit Information

Unit
106
205
225
331
Beds
1 Bed
2 Beds
2 Beds
2 Beds
Baths
1 Bath
2 Baths
2 Baths
1 Bath
Sq Ft
918
1,070
1,053
940
Price
$154,900
$183,900
$179,900
$174,000
Price / Sq Ft
$169 / Sq Ft
$172 / Sq Ft
$171 / Sq Ft
$185 / Sq Ft
List Date
04/18/2025
03/14/2025
02/19/2025
02/13/2025

Unit Size and Value Ranges

1 Bedroom Units
Sq Ft Range
700 - 918
Est. Values
$154,196 - $190,657
2 Bedroom Units
Sq Ft Range
904 - 1,146
Est. Values
$174,747 - $306,630
3 Bedroom Units
Sq Ft Range
763 - 1,351
Est. Values
$154,196 - $248,254
All Units
Sq Ft Range
700 - 1,351
Est. Values
$154,196 - $306,630

Map

Area Factors

Low Crime

Crime Score®

3 / 10

Bikeable

Bike Score®

53 / 100

Car-Dependent

Walk Score®

29 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

74 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$174K - $243K
Range of Taxes in Building
$1,630 - $2,518
Range of Taxes per Sq Ft
$0.96 - $2.68

Property Tax History

Source: Public Records

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Building Team

Property Management
Powers Ridge
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