Real Estate

Welcome back to Axios Twin Cities' "Hot Homes" real estate series. Each week, we round up some of the best houses on the market.

• This week's collection includes six charming abodes, from a sun-drenched condo to a revamped two-story home.

A long-planned condo development next to the Guthrie Theater in Minneapolis is finally moving forward.

What's happening: The development team, led by Los Angeles-based AECOM, has a deal in place with the city to buy a chunk of land at 800 Washington Ave. S., where it is planning a 15-story, 284-unit condo project with space for a restaurant on the ground floor.

Welcome back to Axios Twin Cities' "Hot Homes" real estate series. Each week, we round up some of the best houses on the market.

Situational awareness: April's median home sales price hit a record $370,000 in the Twin Cities metro area, according to new data from Minneapolis Area Realtors and St. Paul Area Association of Realtors.

A downtown Minneapolis tower is slated to become the city's first conversion from offices to apartments since the pandemic hit.

Driving the news: Minneapolis-based developer Sherman Associates has proposed turning the 13-story Northstar Center East, at 608 2nd Ave. S, into 216 apartments.

In February, the Wilf family, who owns the Minnesota Vikings, completed a 17-story apartment tower at 240 Park Ave., which is just a few blocks from U.S. Bank Stadium in Minneapolis.

• Designed by BKV Group, the 204-unit building has an exterior heavy on metal and glass.

Homebuyers in the Twin Cities have been able to deal with skyrocketing prices over the past few years thanks to record-low interest rates.

• But with interest rates on the rise, housing affordability is at its worst level since at least 2004, according to a monthly report from Minneapolis Area Realtors/Saint Paul Area Realtors Association.

A more than $250 million mixed-use project in Edina is underway after crews last week began demolishing a former U.S. Bank office building at 70th and France.

Details: Developers Mortenson and Orion Investments will eventually build a 24-story, 267-unit luxury apartment tower, a 275,000-square-foot office/commercial building, a new U.S. Bank branch, and street-level retail space.

For a whopping $6.6 million, you can get a 9,714-square-foot house on a private island with a hovercraft to get around.

• The five-bedroom, nine-bathroom house is located at 1 Bald Eagle Is. on Bald Eagle Lake and in White Bear Township.

Price: This is the second-most expensive listing in the Twin Cities' market right now. You're paying for a fully furnished and newly remodeled house on a private island.