Key takeaways
- The $18.25 million sale beats Minnesota's previous home price record of $17.5 million, set in 2006.
- The Charles Stinson designed home sits on about 2.4 gated acres with roughly 350 feet of Lake Minnetonka shoreline.
- The buyer hasn't been disclosed, and the property was not the seller's primary residence, which reflects how often top-tier lake homes now trade as second homes.
The sale at a glance
| Detail | What's known |
|---|---|
| Sale price | $18,250,000 |
| Closed | October 1, 2026 |
| Location | Linwood Road, Deephaven, on Lake Minnetonka |
| Lot and shoreline | About 2.4 gated acres with roughly 350 feet of shoreline |
| Home | About 10,400 square feet, 5 bedrooms, 9 baths, built in 2015 |
| Architect | Charles Stinson |
| Notable features | Infinity pool, screened porch, heated six-car garage, and a boathouse with a rooftop deck |
| Previous state record | $17.5 million (2006) |
| Listing brokerage | Coldwell Banker Realty |
What sold
The property is a one-owner, architect-designed home by Charles Stinson, known for modern lake homes around the Twin Cities. The main level opens through a wall of sliding glass doors to a screened porch and infinity pool, with the primary suite on the same floor. The walkout lower level holds four more suites, a bunk room, a wine cellar, and recreation space.
On the water, the lot has a rip-rap shoreline with a sandy beach and a boathouse topped with a rooftop deck. At roughly $1,750 per finished square foot, the price reflects the land and shoreline as much as the house itself.
Why the record may not stand long
The Star Tribune noted that this wasn't even the most expensive listing on the market. A Lake Minnetonka compound is listed at $50 million, and several other upper-bracket lake sales have happened privately without ever reaching the open market.
The terms here stayed private too. The listing agent signed a nondisclosure agreement, the buyer hasn't been named, and the seller of record was a limited liability company, which is common at this price level.
What it says about the lake market
Reporting on the sale described lakefront properties trading at double or triple what they did a few years ago, and more of them being bought as second homes. At the same time, sales of the most affordable homes in the metro have slowed noticeably. The top of the market and the entry level are moving in very different directions.
For most lake owners, one record sale doesn't set the value of their home. Shoreline length, frontage quality, water depth, views, and lot size drive lakefront pricing far more than a headline does. Still, sales like this one become reference points that buyers and appraisers notice, especially on the larger bays.
