A Lake Minnetonka estate in Deephaven has sold for $18.25 million, becoming Minnesota’s most expensive residential sale on record.
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estate → sell → record
The sale was reported by the Minnesota Star Tribune and Minneapolis/St. Paul Business Journal, while property records and the listing history independently confirm the October 1 closing.
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records → report → closing
Located at 20670 Linwood Road, the lakefront property spans about 2.39 acres and includes 350 feet of shoreline.
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property → locate → shoreline
The contemporary residence measures 10,440 square feet, with five bedrooms, nine bathrooms and a heated six-car garage.
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residence → measure → bedrooms
It was designed by Charles Stinson and completed in 2015 by Streeter Custom Builder.
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It → design → Builder
The land changed hands in 2013 for $3.45 million.
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land → change → million
At the time, the site carried an older 5,145-square-foot house dating to 1956.
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site → carry → 1956
The existing custom-built residence was subsequently constructed on the property and completed in 2015.
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residence → exist → 2015
The estate had initially entered the market at $22 million in August 2025.
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estate → enter → August
It eventually sold for $18.25 million, representing a discount of roughly 17% from the original asking price.
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It → sell → price
The closing took place on October 1, according to the property’s MLS history.
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closing → take → history
Inside, the home is designed around expansive views of Lake Minnetonka.
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home → design → Minnetonka
A large wall of sliding glass doors connects the main living areas with an outdoor terrace, screened porch and infinity pool.
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wall → slide → terrace
The property also includes a chef’s kitchen, separate support kitchen, two offices and glass-enclosed wine storage.
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property → include → kitchen
The lower level adds another layer of luxury, with four junior suites, a bunk room, exercise room, wine cellar, billiards area, bar and recreation space.
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level → add → suites
Outside, the estate has a private sandy beach and a separate lakeside boathouse equipped with a rooftop deck, kitchenette, half-bath, laundry facilities and outdoor shower.
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estate → have → deck
The landscaping was also extensively reworked after the property was acquired.
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property → rework → ?
Earlier reporting on the home said more than 240 mature trees were removed and more than 350 new trees were planted as part of the site’s redesign, helping create a more private setting around the modern residence.
The $18.25 million transaction surpasses the previous Minnesota residential-sale record of $17.5 million, set by another Lake Minnetonka property in 2006.
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transaction → say → 2006
That record had remained in place for roughly two decades.
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record → remain → decades
The new record also highlights the strength of the luxury market around Lake Minnetonka.
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record → highlight → Minnetonka
Recent high-value transactions include a $13.5 million Orono sale in 2023 and a $10 million Wayzata sale that same year.
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transactions → include → 2023
More recently, a Deephaven estate sold for $9.125 million, illustrating the growing number of multimillion-dollar transactions around the lake.
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estate → sell → lake
Yet the $18.25 million property is not the most expensive Lake Minnetonka home currently being offered for sale.
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property → offer → sale
An estate in the Woodland area remains listed at $50 million, while another property was recently placed on the market for $26.5 million.
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property → list → million
Those are asking prices, however, rather than completed transactions, meaning the Linwood Road sale remains the benchmark for an actual residential closing.
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sale → complete → closing
The buyer of the Deephaven estate has not been publicly identified.
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buyer → identify → estate
As the transaction settles into the public record, the sale stands as a striking example of how far the upper end of Minnesota’s residential market has moved since the property last changed hands for $3.45 million in 2013.
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property → settle → 2013
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