Staggering $68 Million Lake Minnetonka Mansion Aims To Shatter Minnesota’s House Price Record

Minnesota boasts plenty of phenomenal and luxurious homes, but the state is not traditionally associated with glamorous and imposing lakefront mansions that go for tens of millions of dollars.

But one magnificent property looks set to change Minnesota’s real estate image once and for all—going up against the expansive lakehouses that are more commonly found on Lake Tahoe or Lake Michigan.

Priced at an incredible $68 million, the brand-new estate on Lake Minnetonka is quietly being shopped around to potential buyers with the aim of becoming the state’s most expensive home.

And should it sell for anywhere near the asking price, it will have no trouble in smashing that record, according to Isaac Kuehn, a real estate adviser with Minneapolis-based DRG.

At the time of writing, Kuehn says that the most expensive home to ever be sold in Minnesota went for $17.5 million in September 2006—more than $50 million less than this megamansion has been priced at.

The famous Pillsbury Mansion, also on Lake Minnetonka, was listed for $24 million in 2011. It was razed and the property was divided into five individual sites before it was finally sold.

Interestingly enough, the state’s most lucrative listings have all been located on lush Lake Minnetonka, located just west of Minneapolis. But it’s safe to say that nothing like this new, 8-acre estate with 655 feet of waterfront has ever been constructed on its tony shores.

The compound features 29,000 square feet of living space, including eight bedrooms and 17 bathrooms, the listing states. It took two years to design and five years to build.

The architecture appears to be an elegant melange of several design approaches, including Tudor, chateau, contemporary, and even Prairie-style, and together they somehow seem organic.

Natural materials, including stone and wood, are used extensively. High, coffered ceilings abound, and multipaned windows can be found throughout, framing the home’s spectacular views.

It seems that no expense was spared in the construction of this magnificent home.

For example, $750,000 worth of Italian marble was used in the bathroom of the primary wing’s main suite. That includes a 1,400-pound carved marble tub, as reported by the Wall Street Journal. Luxuries include a spa with a Himalayan salt room and an entertaining area with a home theater, bowling alley, arcade, cigar lounge, and wine cave.

Since lake houses with amenities for large groups of friends and family are a tradition in Minnesota, it’s also reported that this home has a bunk room with 12 beds, an eight-car showcase garage, plus a six-car garage for recreational vehicles.

Did we mention the property is not just a summertime escape, but a year-round elegant compound?

It comes with two 2,000-square-foot guesthouses and a guest boat dock (in addition to the main one for residents).

For recreation, there’s a pool and pool house, a lakeside porch, and a putting green by a pond.

Plus, with its location right on the lake, all the water sports you can imagine are right at hand, including fishing, sailing, boating, kayaking, canoeing, waterskiing, and tubing in the warmer months, and ice fishing, skating, and snowmobiling in the winter.

Incidentally, the second most expensive home on the market in Minnesota right now is also on Lake Minnetonka—on its own peninsula.

Listed at $14,750,000, it features 9,016 square feet of living space and has five bedrooms and 6.6 baths.

Father-son team John F. Adams and John C. Adams of Compass share the listing for what is Minnesota’s current priciest listing.