The 2.39‑acre estate, boasting 350 feet of lakefront and a 10,440‑sq‑ft contemporary home, now holds the state’s highest residential sale price. According to the Minnesota Star Tribune, the closing took place on October 1, 2025, following a listing that began at $22 million in August 2025 and was eventually reduced by roughly 17 percent.
The property’s history is a tale of transformation: acquired in 2013 for $3.45 million, it once housed a 5,145‑sq‑ft 1956 home that was demolished and replaced by the current custom‑built residence completed in 2015 by Streeter Custom Builder.
The sale echoes a broader surge in the Lake Minnetonka luxury market. Recent transactions include a $13.5 million Orono estate in 2023 and a $10 million Wayzata home the same year, while a 9.125 million‑dollar Deephaven estate was listed earlier this month. Still, a 50 million‑dollar Woodland listing and a 26.5 million‑dollar property are on the market, illustrating a stark contrast between record‑closing prices and current asking levels.
Although the buyer’s identity remains undisclosed, the transaction will enter county records, prompting reassessment of comparable properties and potentially influencing future tax valuations and development decisions in the region.