Lake Minnetonka Market Update - Q1 2020

Posted by Dan Hollerman on Wednesday, April 1st, 2020 at 12:29pm.

JUST LISTED

64 PLEASANT AVE, TONKA BAY

The home you have been waiting for a new construction alternative in an incredible Tonka Bay location. Turnkey move-in ready condition with unsurpassed attention to detail. Home highlights include: Geothermal heating and cooling, Freshly updated interior with sparkling white enamel, new gourmet kitchen, all living facilities on one level with main floor sumptuous owners suite, laundry, and office. Plenty of room to stretch out with oversized bedrooms and entertainment areas in the lower level. 

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Build your dream home in one of Deephaven’s most convenient locations. Tremendous design flexibility featuring a large level lot with endless potential. 

 

 

 

PENDING LAKE HOMES

4360 Enchanted Drive

Beautiful 4 bedroom/5 bath home on Enchanted Island. Open design featuring lodge-style finishes throughout with hardwood floors, vaulted tongue and groove ceilings and two stone fireplaces. Lakeside kitchen with large center-island, granite, Wolf and Subzero. Resort-level amenities including inground pool, sauna, steam, bocce court and 100’ of private Lake Minnnetonka waterfront with permanent dock and great sunsets. 

 

1080 Heritage Lane, Orono

New Construction in Orono with Lake Minnetonka Access, 5 Bedroom, 6 Bath Home with Sport Court, 4 Season Porch, Chefs Kitchen, 4 Plus Car Garage, Large Private Deck, Wooded 1 Acre Walkout Lot, High End finishes throughout. Completion date April 2020.

 

 

 

 

JUST SOLD HOMES

Pristine Lake Minnetonka property offering an impressive level 2.35 acres, featuring over 100 feet of lakeshore on Jennings Bay. The value is substantially in the lot although the home has been lovingly cared for by the same owners for over 50 years. Sold prior to MLS.

 

5841 Robert Rd, Independence

Exciting new construction neighborhood in the Orono School District. Quintessential country estate setting with 17 home sites offering lots that range in size from 2.5 - 8 acres. Open great room flow, screen porch off the kitchen, 4 bedrooms upstairs, spacious walkout lower level and a sport court.   

 

1065 Bayside Lane, Minnetrista

Recent renewal has transformed & updated this custom-built Lake Minnetonka home. Mesmerizing long, southerly views of Jennings Bay & dramatic interior spaces w/soaring vaults & walls of windows overlooking the lakeside pool and patio & 128 feet of lakefront.   

  

 

ACTIVE PROPERTIES



Avg price of all listed
lakeshore properties

$3,130,309

Average days
on market

138

COMMUNITY SPOTLIGHT: Orono "THE LAKESHORE CITY"

The city of Orono is a lakeside community on the north shore of Lake Minnetonka.  Orono was founded in 1889 and its East Coast settlers named it after the portside city of Orono in Maine. Orono is roughly 25 square miles and almost 10 square miles of the city is on the lake.  Lake Minnetonka has approximately 100 square miles, 10% of that lake frontage is the relatively small town of Orono- it’s no wonder its motto is “the Lakeshore City.” 

The city of Orono has a Co small population of 8,268 (2018 census data) compared to the geographical size of the city which lends itself to large lots, low density and abundant nature.  Orono is a highly sought after city with some of the country’s best schools, a reasonable commute to downtown Minneapolis, and some of the state’s most beautiful lakefront homes.

Orono has its own Police Department, Fire Department and City Hall. The quick response time and ease of access make Orono one of the safest communities in the state. Based on crime statistics, Orono is safer than 94% of the cities in the United States.    

PENDING PROPERTIES



Sold homes on
Lake Minnetonka YTD

9

Avg price of sold
lakeshore properties YTD

$1,137,867

Total sales volume
YTD

$10,240,800

  

 



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SOLD PROPERTIES



Sold homes on
Lake Minnetonka YTD

18

Avg price of sold
lakeshore properties YTD

$1,384,689

Total sales volume
YTD

$24,924,400

 

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