Eliza Theiss Following a year of tightening supply and steady demand, Minnesota’s real estate market outlook for 2017 is more of the same – frustrated buyers competing for an ever-shrinking pool of properties for sale. Last year’s 4% median price expansion is expected to climb to 5% in the current year – good news for sellers, less so for buyers, whose appetite for homes remains steady.
While the general residential market continues to see Minnesota’s luxury market remains soft. Supply for pricey homes in Minnesota remains generous and offers from buyers few and far between – similarly to Florida and Connecticut.
For those with cash to burn, the Land of 10,000 Lakes offers a bevy of stunning lakeside estates with luxurious finishes. At the uppermost levels, Minnesota’s most expensive homes for sale right now range in price from $5,995,000 to $11,900,000.
Boasting thousands of square feet of luxuriously appointed indoor living space and hundreds of feet of private lake frontage, Minnesota’s priciest homes on the market are all about enjoying life on the waterfront. Glass walls, oversized windows and generous indoor and outdoor entertaining spaces frame stunning lake vistas, while indoor pools, fitness centers, game rooms and in-home theaters offer plenty of entertainment options for the cold months.
As for Minnesota’s most expensive home for sale right now, this pricey pad is situated on the shores of Lake Minnetonka, one of the most affluent residential areas in the state – and a top location for Minnesota’s most expensive homes. Scroll down to check out what $11.9 million buys in Minnesota – in addition to a private golf course, French style theater and cigar room.
10
Wayzata
Asking price: $5,995,000
Located on the shores of pricey Lake Minnetonka, this 4-bed home boasts 150 feet of waterfront. The 7,750-square-foot home sits off a winding paved driveway on a 1-acre landscaped lot peppered with water features and trees. Glass walls frame panoramic Lake Minnetonka views throughout the home, while the open floorplan gives the property a light, airy feel. Pricey amenities include a boat launch, paved patio with endless lake views, 4 fireplaces, den/library and a 3-car garage.
9
Nisswa
Asking price: $5,999,000
Custom-designed and hand-crafted, this 8,828-square-foot home is for lovers of bespoke architecture with a dash of high-tech home automation. Boasting 327 feet of sandy water frontage on Gull Lake and a backdrop of mature trees, the 3.78-acre property celebrates the natural beauty of the Land of 10,000 Lakes. Entertainment areas abound both indoors and out, and include a sun room, game room, wine cellar, wet bar, formal dining room, deck and outdoor hot tub. Other pricey extras at the 7-bed property include 4 show stopping fireplaces, den/office, fitness facility, a boat house complete with boat launch and a dock.
8
Tonka Bay
Asking price: $6,000,000
Situated within the Clay Cliffe gated community, this 1.55-acre property boasts 500 feet of private Lake Minnetonka frontage. The 11,193-square-foot home includes some pretty swanky indoor amenities, like a grotto complete with waterfall and bath, sports court, lounge with wet bar and pool table, exercise room, formal dining room and 2-story living room. The 4-bed property’s outdoor amenities are just as fancy and include a lakeside patio with heated pool, a deck complete with grill and TV and a lakeside porch with fireplace.
7
Edina
Asking price: $6,200,000
This fabulous 4.5-acre lakefront estate in Edina showcases a grand, 13,326-square-foot home and 375 feet of Mirror Lake shoreline. The 8-bed property features a conservatory, indoor pool with lounge and exercise area, greenhouse, private guest lodgings, tennis court, hot tub, sauna and outdoor entertainment areas. Pricy finishes include skylights, 6 fireplaces, crystal chandeliers, marble and hardwood flooring and a chef’s kitchen with all the swanky equipment you need to cater the most delicious parties.
6
Woodland
Asking price: $6,990,000
Touted as “the ultimate in lakeshore living” over at Coldwell Banker, this fabulous 2.7-acre wooded estate puts a premium on privacy. The 5-bed property has 265 feet of landscaped water frontage on pricey Lake Minnetonka. Framing serene lake views, the oversized windows also bathe the home with natural light. Guests are always welcome in this home thanks to a number of entertainment spaces like the family room, great room, both formal and informal dining rooms, swanky eat-in kitchen, sun room, media center and outdoor gathering spaces like the deck and year-round porch. High-end amenities include an exercise room, walk-in closets, 5-car garage, 2 offices and 4 fireplaces.
5
Wayzata
Asking price: $7,500,000
Designed by turn of the century architect Harry Wild Jones, the 5-bed Brooks House is an iconic Twin Cities estate. The prized estate features 10,016 square feet of indoor living space with lake views from every room. High-priced amenities include a guest house, dock, heated pool, sauna, hot tub, exercise room, sun room and a 5-car garage. Among other swanky extras are game and billiards rooms, an office, library, formal and informal dining rooms and several family/entertainment rooms as well.
4
Deephaven
Asking price: $7,900,000
Built by Keith Waters, this 10,081-square-foot home boasts a prime waterfront location, with views of Carson Bay, St. Louis Bay and the Minnetonka Yacht Club. Surrounded by breathtaking vistas, the 5-bed home showcases incredible views from every room. With an indoor porch and sizeable outdoor patio, there is ample space for entertaining guests or spending a cozy night in by one of the 4+ fireplaces, watching a movie in the home theater or training in the in-home fitness center.
3
Chaska
Asking price: $8,950,000
Initially listed for $9,950,000, this 270-acre equestrian estate is currently on the market with a hefty
$1 million price chop. The unique 8-bed property is situated on a private lake and showcases views of the Minnesota Arboretum, voted the best botanical garden in the U.S. With 20,214 square feet of indoor living space, this Minnesota home does not lack in high-priced amenities such as a storybook barn with indoor riding arena, media center, sun room, private bar, office, hobby room, multiple dining rooms and a fitness center. Among other swanky extras are a tennis court, pool and 5-car garage.
2
Wayzata
Asking price: $9,449,000
Built in 2003, this 18,649-square-foot custom home boasts 200 feet of high-priced Lake Minnetonka frontage and is move-in ready. The 6-bed estate is situated on 2.61 acres and showcases both indoor and outdoor pools, in-home fitness center, sun room, plentiful indoor and outdoor entertaining areas and a dock. 6 fireplaces, a media center and a 6-car garage round out the list of pricey amenities.
1
Orono
Asking price: $11,900,000
Touted as “one of the most impressive properties in the Midwest,” this 4-bed estate certainly delivers on high-ticket amenities. The 5.22-acre property showcases a 3-hole golf course, heated outdoor pool, 1-bed apartment, lakeside studio guest house, a “French-inspired” in-home theater, wine cellar and cigar room. Boasting 16,078 square feet of indoor living space, this Minnesota home offers plenty of other luxurious extras, like a fitness center, two elevators, 7 fireplaces, game room, lounge, office and 7-car garage. And with 360 feet of Lake Minnetonka frontage, lake views abound.
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Methodology
In order to determine which were the most expensive homes for sale in Minnesota, we looked at all residential properties listed for sale, taking into account condo, co-op, single- and two-family homes. All package deals were excluded.
