Minnesota’s Most Expensive Listing Is This Massive $55 Million Waterfront Estate

This newly built Minnesota residence on the shore of Lake Minnetonka quietly splashed on the market almost a year ago with an ambitious $68 million price tag. There haven’t been any takers yet, so it’s officially up for grabs with a substantially reduced ask. But you’ll still need a big bundle of cash to pick up the snazzy waterfront spread, which is now listed for $55 million.

If the aptly named Lake Point Estate goes for anywhere near the current listing price, it will easily rank as the North Star State’s most expensive home ever sold, eclipsing the $17.5 million transfer of another Lake Minnetonka property in fall 2006. The listing is held by the father-and-son team of John C. Adams and John F. Adams at Compass.

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Tucked away in the affluent suburban community of Woodland just outside Minneapolis, the striking stone and slate-roof structure was created over the span of seven years under the collaborative tutelage of builder John Kraemer & Sons, TEA2 and PKA architects, and MartinPatrick3 interior design. Completed in 2024, it offers eight bedrooms and 18 baths in a whopping 29,000 square feet across multiple levels accented with herringbone-patterned floors, soaring coffered ceilings, living green walls, and Italian bulletproof windows and doors. Vast walls of glass frame picturesque water vistas.

Glassy front doors open to reveal a double-height great room sporting a floor-to-ceiling marble fireplace, a couple of crystal chandeliers, and a mezzanine balcony holding a grand piano. A formal dining room seats up to 14, and an eat-in kitchen is outfitted with not one but three islands and top-tier Wolf appliances, while the posh primary suite flaunts a luxe showroom-style closet and a deluxe bath spotlighted by $750,000 worth of Italian marble—some of which was used to craft the 1,400-pound custom-carved soaking tub.

Other notable features include a 12-bed bunk room and a spa with a Himalayan salt room, plus an entertaining complex decked out with a bar, a movie theater, a bowling alley, a sports simulator, an arcade, a cigar lounge, and a wine cave. The perks continue out to the Topo-landscaped grounds, where a sundeck-encased pool and spa, a pool house, and a pond-adjacent putting green rest amid eight acres hosting 655 feet of water frontage and two private docks—one with a boat house for the owner and another for guests.

Rounding it all out: a lengthy double-gated driveway that passes between a pair of matching 2,000-square-foot carriage houses and over a bridge before emptying out at a circular motor court, along with an eight-car garage complemented by a subterranean six-car garage for all your toys.

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Per Compass, the land was last sold in the low $9 millions. The buyer was Robert “Bob” Lothenbach, founder of a Minnesota-based printing company and a thoroughbred racing enthusiast, who unexpectedly passed away in November 2023 at age 64 before he could obtain a certificate of occupancy.

Click here for more photos of the Minnesota residence.