There were 143 closed sales of single family homes on Lake Minnetonka in 2018. The prices for Lake Minnetonka Real Estate varied greatly with the smallest transaction being $335,000 for a modest home with channel lakeshore on Black Lake to $11,327,240 for the Southways Estate on Bracketts Point / Browns Bay in Orono. While this post does not address Lake Minnetonka Condo Sales, it should be noted that access to Lake Minnetonka was had for as little as $63,500 for a studio condo in the Lakewinds Yacht Club Complex in Mound.
While I won't go through every sale that happened on Lake Minnetonka, I will touch briefly on the top 10 most expensive homes on Lake Minnetonka and real estate transactions that occurred in 2018:
1400 Bracketts Point Road - $11,327,240
Probably the biggest story of the year as far as Lake Minnetonka Real Estate goes was the subdivision and teardown of the Pillsbury Mansion / Southways Estate. There was an outcry from the Lake Minnetonka Community upon learning that the property would be and had been razed, however the property had been offered for sale for many years with no takers. Sporting 25,297 square feet, 7 bedrooms, 13 bathrooms, and 5.42 acres the former estate of John and Eleanor Pillsbury is the most expensive Lake Minnetonka Luxury Home transaction for 2018.
555 Bushaway Road - $10,030,000
Situated on 6.9 acres, this Lake Minnetonka estate had not been offered for sale to the public since 1939 according to various news reports. The stately home had 6,001 square feet, 7 bedrooms, 9 bathrooms, and was built in 1929. Located on Wayzata Bay with west facing views and in Wayzata near the Locust Hills Development and south of McGinty Road.
3580 Northome Road - $6,550,000
A gated property in the desirable Northome neighborhood, this Deephaven home was built in 1925 and features 9,834 square feet, 5 bedrooms, 11 bathrooms, and a 4 stall garage on 3.5 acres. Located just south of Robinsons Bay on Lower Lake North, the estate offered a main house with exposed beams, a completely renovated boat house, a guest house, and office building.
655 Bushaway Road - $6,850,000
Built in 2003 and consisting of 10,828 square feet with 7 bedrooms, 9 bathrooms, and a 6 car garage, this Lake Minnetonka Luxury Home sits on 1.24 acres near the southern tip of Bushaway Road and Wayzata proper. This mansion also features 267 feet of shoreline and west facing long water views over Wayzata Bay with additional water views on Grays Bay. Other features include a guest house, gardens, a pool, and a fire pit overlooking Lake Minnetonka.
639 Bushaway Road - $6,800,000
This stately residence built in 1997 features a 3 acre site, 4 bedrooms, 6 bathrooms, and a 4 stall garage. It was entered into the MLS as a Comp sold with few if any details about the property, having been sold as a Non MLS Lake Minnetonka Listing.
2660 Woolsey Lane - $6,400,000
Located in Woodland, this Wayzata Bay estate features 265 feet of Lake Minnetonka lakeshore and was described by the listing agents as the "ultimate" in lakeshore living. This Lake Minnetonka home consisted of 5 bedrooms, 9 bathrooms and 13,199 finished square feet on 2.69 wooded acres.
2600 Spirit Knob Road - $ 5,000,000
This French Normandy style estate is located just south of Breezy Point in Woodland on 2.03 acres having 5 bedrooms, 6 baths, and 6,396 square feet. Built in 1929 this european structure was designed by architect Fran Forster and features turrets, a cobblestone drive, exposed beams, hand cut timbers, vaulted ceilings, and an all brick exterior with ivy growing on the sides.
2970 Gale Road - $5,250,000
Another Luxury Estate in Woodland, this 1979 built home features 3 bedrooms, 3 baths, and a 2 stall garage on 2.81 acres. With 466' of lakeshore on Robinsons Bay, a boathouse, and a tennis court.
1280 Bracketts Point Road - $4,600,000
Just a stones throw from the Southways Estate, this 1987 built home on Bracketts Point features 4 bedrooms, 6 bathrooms, and 6,703 finished square feet on 1.84 acres. Amenities include over 300' of Lake Minnetonka Lakeshore, expansive lower lake views, pool and pool house, expansive yet private grounds, and convenient access to Wayzata which is filled with dining and shopping options.
686 Ferndale Road West - $4,150,000
Located in Wayzata, this 1992 built estate has 4 bedrooms, 8 bathrooms, and a 3 stall garage on .97 acres with a highly desirable Ferndale address to boot. Other features of this home include vaulted ceilings, large picture windows with expansive and huge views, and privacy from an arborvitae hedge (and don't forget the lakeshore just steps away from your house!)
And there you have it! The most expensive residential transaction on Lake Minnetonka in 2018! As always, if you are considering buying or selling at any price in this area, call Dan Gustafson at (952) 473-1000.
Images utilized are from broker Coldwell Banker Burnet.