Jun 1, 2021 - News
Private Lake Minnetonka island home on market for $15M
Aerial photo of home sitting on private Lake Minnetonka island.
Photo: Google

The priciest home on the market in the Twin Cities sits on a private Lake Minnetonka island. The asking price is $15 million.

The intrigue: The five-bedroom, nine-bathroom Greenwood home is owned by Kam Talebi, the CEO of Kaskaid Hospitality, which operates Crave restaurants Brit's Pub, Union and BLVD.

  • The 14,000-square-foot house has one of Minnesota's largest residential glass enclosed atriums, an elevator, a 12-person theater and a full gym.
  • Currently assessed at $5.1 million, property taxes alone are nearly $69,000 annually.
  • It went on the market May 21 and is listed by Prudden & Co. The Zillow listing is here.

What to watch: If Talebi gets his asking price, it would be the most expensive home sale in at least the last five years, according to annual research by the Minneapolis/St. Paul Business Journal.

  • But with these insanely expensive homes, getting asking price is no easy feat.
  • A Deephaven home on the market for $14 million in 2019 eventually sold for $8.2 million. That was nowhere near the asking price, but still the priciest home sale of 2020.
avatar

Get more local stories in your inbox with Axios Twin Cities.

More Twin Cities stories

No stories could be found

Twin Citiespostcard

Get a free daily digest of the most important news in your backyard with Axios Twin Cities.