VIEW The Winter PROPERTY GALLERY 222 2ND STREET SE 1703 | MINNEAPOLIS | PRICE UPON REQUEST FEATURED PROPERTY ON PAGE 128
Represented by BETSY LUCAS & LORI SCHNECK
Cover
Photo Courtesy of Spacecrafting
PRESIDENT’S MESSAGE
Where High-End Real Estate Is Headed in 2023
Happy New Year! It’s no secret the real estate market has gone through dynamic changes in the past few years, including in the luxury sector. While high-end home buying and selling evolve, one thing hasn't changed – Coldwell Banker Realty continues to be the undisputed leader in luxury in Minnesota*. Thank you to all our wonderful clients, especially the sellers showcased in the following Winter Property Gallery!
It is important to recognize the driving forces behind this shifting landscape. You can feel confident that our best-in-class associates have the wisdom and experience to navigate the ever-changing market and are here to help you make intelligent real estate decisions.
The Trend Report , produced by the Coldwell Banker Global Luxury ® program, is a data-driven, luxury real estate market report that gives a big-picture perspective of high-end property purchasing and sale trends. It includes curated data from a survey conducted by Censuswide of over 2,000 high-net-worth consumers, statistics from the Institute for Luxury Home Marketing and Wealth-X, and insight from Luxury Property Specialists. It shows that affluent consumers are diversifying their portfolios and looking at long-term investment strategies. Trends driving these shifts include:
• The Desire for Stability – Wealthy buyers are gravitating toward home opportunities that can create long-term generational wealth in locations less affected by extreme weather and climate change.
• Increased Demand for Smaller Homes – High-net-worth individuals are looking at smaller investment and secondary homes, and luxury single-family homes with smaller footprints are selling faster.
• Growing High-Net-Worth Hedging – Seeking homes that decrease the exposure to higher interest rates, newly minted millionaires are purchasing with cash and alternative financing options.
• Rising Global Property Buying – With a strong U.S. dollar, the rising cost of living in the states and political unrest, the affluent are returning to buying overseas.
For the full report, visit blog.coldwellbankerluxury.com or reach out to one of our Luxury Property Specialists for local insight on the Minnesota luxury market. And if you are planning to list your home for sale or purchase your dream residence in 2023, stop by a Coldwell Banker Realty office or visit ColdwellBankerHomes.com to get started in the right direction.
Cheers!
Baker President*Based on closed sales volume information from NorthstarMLS for Hennepin and Ramsey counties for properties of $1 million or more as reported on Dec. 2, 2022 for the period Jan. 1-Sept. 30, 2022, calculated by multiplying the number of buyer and/or seller sides by sales price. Source data is deemed reliable but not guaranteed. The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service, and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification. Affiliated real estate agents are independent contractor sales associates, not employees. ©2023 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Anywhere Advisors LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.
Matt Minnesota and Western Wisconsin Coldwell Banker Realty
128 | COLDWELL BANKER REALTY
222 2ND STREET SE 1703 | MINNEAPOLIS | 3 BR 4 BA | PRICE UPON REQUEST
EXCEPTIONAL RIVERFRONT LUXURY PENTHOUSE Cover Property Breathtaking penthouse with unrivaled panoramic views of the entire Minneapolis skyline and Mississippi River, including Saint Anthony Falls. This one-of-a-kind offering provides an elevated lifestyle experience for those seeking luxury, privacy, security, space, beauty, and exquisite designer finishes. With grand spaces for entertaining, the dramatic floor to ceiling windows and private terraces capture magnificent sunsets behind the city skyline. East facing bedrooms enjoy the sunrise. The expansive 5,600 square foot plan includes a private secure elevator that travels directly from the four parking stalls to the residence entry foyer. Inquire for full details. Full Photo Tour
LORI SCHNECK 612.868.4230 lpschneck@cbrealty.com lorischneck.com
BETSY LUCAS 612.327.5905 betsy@cbrealty.com betsylucasrealtor.com
129 COLDWELLBANKERHOMES.COM | MODERN MASTERPIECE IN A TRANQUIL SETTING
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3902 GLENWOOD AVENUE
GOLDEN VALLEY
4 BR 5 BA
Incredibly private hilltop setting, nestled on the edge of Theodore Wirth Park and overlooking downtown Minneapolis’ skyline. This David Strand-designed modern masterpiece is brimming with mid-century particulars and offers unparalleled attention to detail throughout. Soaring ceilings, walls of glass, and a seamless mix of polished concrete, natural stone, warm woodwork, and locally sourced Kasota limestone. Striking chef’s kitchen boasts a peninsula with a dramatic waterfall Quartzite countertop, tucked away prep kitchen, and breakfast nook. The outdoor space is an exceptionally maintained oasis featuring a swimming pool, an outdoor kitchen with all the accoutrements for entertaining, a cozy sauna, and a poolside restroom. DAVID K. WELLS III 612.845.8186 david@dkw3.com dkw3.com
130 | COLDWELL BANKER REALTY 755 TONKAWA ROAD | ORONO 4 BR 5 BA | SOLD MARSH POINTE PRESERVE DEVELOPMENT | MEDINA NEW CONSTRUCTION | $1,250,000+ Marsh Pointe Preserve is a luxury single family home community located in Wayzata school district. This 36-acre site is an exclusive enclave of 30 spectacular home sites offering privacy and majestic views. Architecturally designed and built by Charles Cudd Co. A rare opportunity to build your dream home. Reserve a new home site today! PRAIRIE HEIGHTS DEVELOPMENT | EDEN PRAIRIE NEW CONSTRUCTION | $845,000+ Welcome to Prairie Heights, a new luxury villa home neighborhood built exclusively by Norton Homes in Eden Prairie. Showcasing 23 beautiful lots and architecturally designed plans, this opportunity provides the convenience and simplicity of one-level, maintenance-free living. Exceptional details and amenities are afforded with Norton Homes high level of standard features including the ability to make custom selections. The association includes lawn care and snow removal allowing you more time to enjoy family, travel and recreational activities. George W. Stickney 952.476.3694 gstickney@cbburnet.com David Stickney 952.250.0122 djstickney@cbburnet.com Kevin Stickney 952.250.2015 kwstickney@cbburnet.com Jacob stickney 952.250.1267 jmstickney@cbburnet.com WINTERTREE | A timeless estate designed by Frank Lloyd Wright’s head draftsman, John Howe, on 2.3 private park-like acres with 235 feet
incredible
Lake Minnetonka shoreline. Reimagined while preserving the architectural integrity and situated near water’s edge, each room provides commanding views
property also features a guesthouse with a bathroom, detached two-car garage with a carport, new rip-rap shoreline, expansive lakeside deck and breathtaking
of
southwest facing
over North Arm Bay. The
gardens.
131 COLDWELLBANKERHOMES.COM | CASCADE CONDOMINIUMS | LILYDALE NEW CONSTRUCTION | 2-3+ BR 3 BA | $1,400,000 - $2,500,000 HILL FARM CONDOMINIUMS | NORTH OAKS NEW CONSTRUCTION | 2-4 BR 2-4 BA | $775,000 - $2,300,000 Hill Farm Condominiums is located on a serene 22-acre site surrounded by 300 acres of conservancy land. Attention to design and detail has been made to include an expansive amenity collection and elevated luxurious interior standards. Enjoy the ease of a maintenance-free lifestyle in this private North Oaks location. HIGHLAND BRIDGE CUSTOM HOMES | SAINT PAUL NEW CONSTRUCTION | 3-4 BR 3-4 BA | $1,400,000 - $2,500,000 Highland Bridge Custom Homes offers a once-in-a-generation opportunity to build your dream home along Mississippi River Boulevard. This carefully designed development includes 50+ acres of parks and attractions. Highland Bridge is set to be the most sustainable neighborhood in the region featuring energy, storm water and solar initiatives. Rarely does such an opportunity present itself like the new Cascade Condominiums. Situated on the bluff in Lilydale overlooking the Mississippi River, this boutique luxury condominium development will consist of 11 residences. The team behind this project is truly exceptional with PKA as the architectural firm leading the design. JIM SEABOLD 651.276.8555 jim@boldmarketing.com MYA HONEYWELL 651.329.3619 mya@socialresponsiblerealtors.com KATHRYN KENNEDY 612.558.6488 kennedy@cbrealty.com
132 | COLDWELL BANKER REALTY 3600 NORTHOME ROAD | DEEPHAVEN 6 BR 8 BA | $2,199,000 Exceptional custom home on an estate like setting, situated on a private 2.37-acre lot set amongst nature and mature trees. Decadent & quality finishes at every turn. Modern open floor plan with vaulted ceilings, great room concept and walls of west facing windows overlooking a pond and pool with seasonal lake views. 101 CENTER STREET | EXCELSIOR 3 BR 5 BA | $1,699,000 A spectacular offering in historic downtown Excelsior with partial lake views! Idyllic charm beautifully blended with amenities & convenience. Well-designed open floor plan with a spacious center island as a compelling gathering spot. Sun drenched dining and great room with beamed ceilings and gas fireplace. Stunning high-end kitchen. 156 LAKE STREET | EXCELSIOR 4 BR 4 BA | $1,699,000 Unique and rare opportunity for park front, panoramic lake views in the city of Excelsior. Turn of the century home loaded with vintage charm and sun filled spaces. Wood floors, high ceilings, wainscotting & crown molding add to the charm. Three generous bedrooms on the 2nd floor and a 3rd story loft. 4880 LODGE LANE | GREENWOOD 5 BR 5 BA | $1,495,000 Charming Greenwood home in a private and serene setting with treetop views and seasonal views of Lake Minnetonka. Beautifully elegant interior with tasteful high-end finishes. Spacious two-story design that lives like a one-story home. Generous main floor Owner's suite, main floor office and laundry. Gourmet kitchen.
WEINSTOCK 612.309.8332 kdweinstock@cbrealty.com weinstockgroup.com
KRISTI
KRISTA WOLTER
612.247.5106
Krista@KristaWolter.com
KristaWolter.com
SHADOW LANE | NORTH OAKS
4 BR 4 BA | $1,350,000
Traditional brick two story located in the MV School District and close to Pleasant Lake and the trails throughout the private community. Gourmet kitchen with high-end appliances, expansive counters, and a sunroom that walks out to the yard. Spectacular owners' suite with custom walk-in closet, workout room, wet bar, and lavish bath.
MONARCH WAY | NORTH OAKS
6 BR 5 BA | $1,150,000
This custom, 2 story walk-out home in the MV School District features generous spaces, upgraded finishes, and an open floor plan with a main floor bedroom. The spacious kitchen includes a center island with granite countertops and an informal dining area. Professional landscaping, paver patio & a private backyard with pond & water views.
209 QUAIL STREET | MAHTOMEDI
4 BR 3 BA | $995,000
One lot remaining in the Villas of Quail. Welcome home to a unique opportunity in the heart of Mahtomedi. Experience main floor living at its best with the option of 2 bedrooms on the main floor, a finished lower level, and 3 car garage. Within minutes of White Bear Lake and miles of bike trails. Taking lot reservations now.
BLACK LAKE COURT | NORTH OAKS
4 BR 5 BA | $1,495,000
Classic North Oaks custom built, walkout rambler by Michels Construction features main-floor living at its best! The open, spacious kitchen features a center island, granite counters, a walk-in pantry, an informal dining room, and an inviting hearth room space. The Butler pantry includes a warming drawer and additional custom cabinetry.
133 COLDWELLBANKERHOMES.COM |
134 | COLDWELL BANKER REALTY 5570 MAPLE HEIGHTS ROAD | GREENWOOD 5 BR 9 BA | $8,995,000 Landmark Lake Minnetonka estate showcasing panoramic water views at every turn! One-of-a-kind island setting with 1,150' of shoreline on 1.37 acres, unparalleled privacy while offering a close-in location, 5 minutes to all Excelsior has to offer. 700 S. 2ND STREET W100 | MINNEAPOLIS 2 BR 3 BA | $6,999,999 | SOLD Stunning remodeled penthouse at Washburn Lofts! This beautifully finished 2 BR, 3 BA condo offers high-end finishes, a primary suite with sitting room, walk-in closet & spa-like bath; and French doors leading to the expansive private rooftop terrace. 25510 BIRCH BLUFF ROAD | SHOREWOOD 4 BR 6 BA | $5,750,000 | PENDING Beautifully designed & masterfully crafted lakeshore retreat offering 110' of rip rap shoreline! Enjoy the open floorplan showcasing long water views, gorgeous wood beam accents, gourmet kitchen & 4-season porch with lakeside folding glass doors. 4834 TIMBER RIDGE CIRCLE | MINNETONKA 5 BR 6 BA | $1,875,000 Gorgeous Gonyea-built masterpiece with sport court! Enjoy the open floorplan overlooking the private backyard. Four bedroom suites + laundry on the upper level. Quiet cul-de-sac in highly sought-after Minnetonka schools! 5533 BROOKVIEW AVENUE | EDINA 5 BR 4 BA | $1,599,000 Beautiful South Harriet Park home offering an open flowing floorplan & natural light-filled spaces! Amenities include four bedrooms + laundry on the upper level, hockey shooting gallery and heated garage. Close to the creek, ECC and 50th & France! 2515 CONDON COURT | MENDOTA HEIGHTS 3 BR 3 BA | $769,900 JEFFREY DEWING 612.597.0424 JDewing@CBRealty.com JeffreyDewing.com Like-new construction! This three bedroom townhome features main-level living, spacious family room with deck access creating the perfect blend of indoor and outdoor living! Quick access to highways, MOA and the airport!
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BRUCE BIRKELAND 612.414.3957 BBirkeland@cbburnet.com BruceBirkelandGroup.com
6604 INDIAN HILLS ROAD | EDINA 7 BR 7 BA | $4,995,000 Custom designed gated residence set on sprawling woodland setting overlooking Arrowhead Lake. This luxurious home offers exceptional finishes, gracious proportions, voluminous interiors, open-concept spaces and magnificent walls of windows. 2601 E. LAKE OF THE ISLES PARKWAY | MINNEAPOLIS 9 BR 6 BA | $3,250,000 A landmark Lake of the Isles English Tudor revival rich in history with irreplaceable architectural details and prized location. The impressive façade melds beautiful Kasota stone, hand-carved wood and stone accents and stained glass windows. 2225 E. LAKE OF THE ISLES PARKWAY
MINNEAPOLIS
BR 4 BA | $3,150,000 A thoughtful renovation/addition of an historic Lake of the Isles residence with walls of windows that effortlessly meld the tranquil outdoors, Japanese inspired gardens and picturesque water views with creatively designed interior spaces. 4716 W. LAKE HARRIET PARKWAY | MINNEAPOLIS 3 BR 4 BA | $2,650,000 Superbly sited to underscore a deep relationship to the tranquil water and nature surroundings, the perfect backdrop for a luxuriously elevated Mpls Lakes lifestyle. Voluminous spaces, custom finishes, elevator and gracious open public spaces. 1725 DUPONT AVENUE S.
MINNEAPOLIS 5 BR 5 BA | $1,495,000 Brick-wrapped Lowry Hill residence offers the perfect balance of irreplaceable historic architectural details, masterful proportions, thoughtful updates and luxurious modern-day sensibilities. 5966
TRAIL
HEIGHTS
BR 4 BA | $1,350,000 One-of-a-kind glass-wrapped waterfront residence with light-infused voluminous spaces, luxurious finishes, walls of windows, 3 floor elevator and geothermal system. Exceptional privacy with panoramic water and nature vistas.
136 | COLDWELL BANKER REALTY 2427 E. LAKE OF THE ISLES PARKWAY | MINNEAPOLIS 4 BR 8 BA | $4,500,000 Iconic Lake of the Isles Spanish Revival with gracious terraces, wood floors, wall murals/fresco finishes, gourmet kitchen, elegant living room, theater and owner's suite. This 4 bed, 8 bath home has a 6 car garage, elevator and solar power. 17 CIRCLE W. | EDINA 6 BR 5 BA | $2,695,000 Extensively remodeled in 2016, set on stunning acre+ site in Hilldale. Center island kitchen open to family room. 4 BRs on upper level, walkout includes sport court. Extensive decking, brick patio with fire pit, triple garage with great mudroom. 35 GROVELAND TERRACE CONDOMINIUM | MINNEAPOLIS 2 BR 3 BA | FROM $2,400,000 Under construction with Spring 2023 occupancy. 4-unit Condominium designed by PKA Architects with premier Sculpture Garden and Minneapolis skyline views. Unique features include direct elevator access and private yard. More at 35Groveland.com 5012 SCHAEFER ROAD | EDINA 5 BR 5 BA | $1,795,000 Light filled Mid-Century modern on almost an acre pondside. Features stunning new kitchen, high ceilings with walls of glass and stone, terrazzo floors, parklike setting, expansive lawns attached 3-car garage. Architect designed, built to last. 600 S. 2ND STREET UNIT S205 | MINNEAPOLIS 2 BR 2 BA | $1,675,000 Delightful, light-filled 2BR + den with great Mississippi River and Stone Arch Bridge views. End unit with expansive center island kitchen open to great room. Den with built-ins, private balcony, two garage spaces. 4629 E. LAKE HARRIET PARKWAY | MINNEAPOLIS LOT/LAND | $1,595,000 Prime west facing 0.36 acre site overlooking Lake Harriet. Open to all builders. 101' of frontage. Level site with driveway access directly off Humboldt Avenue. BERG LARSEN GROUP 612.925.8404 getinfo@berglarsengroup.com berglarsengroup.com
137 COLDWELLBANKERHOMES.COM | 2825 LITTLE ORCHARD WAY | ORONO 4 BR 10 BA | $9,500,000 Impeccably private estate living on one of Minnesota’s most premier sites. 360 feet of lakeshore on Maxwell Bay. This home combines unparalleled craftsmanship with timeless elegance - no detail has been overlooked. 28005 BOULDER BRIDGE DRIVE | SHOREWOOD 6 BR 8 BA | $2,495,000 11556 CHAMBERLAIN COURT | EDEN PRAIRIE 5 BR 5 BA | $1,095,000 This beautiful Eden Prairie 2-story is tastefully updated. Generous living spaces throughout with hardwood floors, oversized windows, built-ins and other gorgeous details. Serene setting on private drive in a convenient location. 4721 VALLEY VIEW ROAD | EDINA 4 BR 3 BA | $759,900 Impeccable Edina rambler has been fully remodeled and lives like new construction. Fantastic location with quick highway access and close to restaurants, shopping and schools. RIVERVIEW ROAD | EDEN PRAIRIE LOT/LAND | $650,000 Unprecedented opportunity to build on one of the most beautiful sites in Eden Prairie. Over 17.5 acres of wooded privacy with views overlooking the Minnesota River valley. Bring your own plans and builder to turn your dream home into a reality. 2820 LILLIAN LANE | ORONO LOT/LAND | PACKAGES AVAILABLE Private estate opportunity set on the former Stubbs family farm. Build your dream home with Chamberlain Fine Custom Homes. Package pricing starts at $1,875,000. DREW HUELER 612.701.3124 drew.hueler@cbrealty.com drewhueler.com This exceptional Boulder Bridge estate brings timeless elegance and fresh finishes. Enjoy the luxurious main level master suite. Highly-desirable Boulder Bridge neighborhood with extensive amenities, including deeded dock.
138 | COLDWELL BANKER REALTY 2530 SPIRIT KNOB ROAD | WOODLAND 4 BR 4 BA | $7,750,000 This custom To-Be-Built home by Kyle Hunt & Partners awaits your design input on this rare Spirit Knob/Breezy Point property with 200 ft of Wayzata Bay shoreline. Never miss a summer sunset or evening of lights of Wayzata. Let us guide you to the home of your dreams. Photo is of a past KH&P home and is an example only. Carl Zinn | Zinn Family Realtors 952.474.4444 Kyle H Hunt 612.369.2836 | Madison Ludowese 612.791.7557 2520 ARCOLA LANE | WAYZATA 4 BR 5 BA | SOLD FOR $3,150,000 SOLD Pre-Market in the Coldwell Banker Global Luxury Network! Upon entering you will be “wowed” and enamored by the wall of windows revealing the spectacular westerly panoramic views of A –rated Crystal Bay. Natural light floods the main floor, a truly coveted location in Minnetonka Beach with 100ft of lakeshore. Lisa Norton | Norton & Norton Realtors 952.215.1374 lisa.norton@cbrealty.com JUDY'S WAY | LAKE SHORE 4 BR 8 BA | $2,650,000 Presenting one of the most unique properties on Gull Lake chain, this Barndominium sits on over 15 acres with 1,500 feet of lakeshore. Incredible structure with over 5,700 square feet of living space for full time or seasonal living. Enjoy watching the sunset from your private peninsula with panoramic view of Lake Margaret. Collins Jones 612.703.8463 Drew Hueler 612.701.3124
139 COLDWELLBANKERHOMES.COM | 3000 HIGHLAND BOULEVARD | MOUND 5 BR 7 BA | SOLD SOLD! This gorgeously refreshed home with birdseye views of Cooks Bay was snapped up quickly! 5 en-suite bedrooms, cigar porch, casual and formal dining, 4-season porch, gourmet kitchen, recreation room with billards and bar create space for family and guests to enjoy lake living year round. Heather Hansen 612.366.0051 Lisa Hilgers 952.807.4808 1805 W. LAKE STREET UNIT 403 | MINNEAPOLIS 3 BR 3 BA | $2,495,000 Stunning Streeter & Associates masterpiece located in the iconic, modern Edgewater complex has the timeless feel of an elegant New York apartment with the most spectacular West facing lake views. This Peterssen/Keller Architecture design has the feel of a single family home with all the conveniences of a condominium lifestyle. Ruth Whitney Bowe 612.805.7412 RWBowe@cbrealty.com 750 S. 2ND STREET UNIT 404 | MINNEAPOLIS 3 BR 3 BA | $1,368,000 Live in the heart of Minneapolis' Mill District at the award winning Humboldt Lofts in this expansive two-story loft once owned by a grammy award winner. Beautiful light streams through the arched windows with brick detailing dating back to 1875. This is a one-of-a-kind opportunity that must be seen to be fully appreciated. Shane Spencer 614.256.8500 shane.spencer@cbrealty.com
140 | COLDWELL BANKER REALTY 18530 COUNTY ROAD 6 | PLYMOUTH 3 BR 4 BA | $2,650,000 Located on 100ft of Lakeshore on Mooney Lake and only 4 minutes to downtown Wayzata the location of this new construction rambler is perfect! With exquisite design details this beauty offers lake views, main floor owner's suite, 4 season room, study, butler's pantry, recreational room with wet bar, golf simulator and more. Lisa Piazza 612.751.0976 Erik Myhran 612.810.3745 6378 YUMA LANE N. | MAPLE GROVE 5 BR 6 BA | $1,875,000 Located in The Ridge At Elm Creek, this Creek Hill Custom Home is nestled on a fabulous site adjacent to beautiful protected parkland with amazing views. Enjoy the relaxing 3-season porch, shooting hoops in the athletic court or invite guests to this perfect entertaining home. January completion. Additional sites available. Lisa Piazza 612.751.0976 Erik Myhran 612.810.3745 5162 LEXINGTON AVENUE N. | SHOREVIEW 5 BR 3 BA | $1,850,000 Donna Vanneste 651.200.7788 donnavanneste@cbburnet.com 6804 BRITTANY DRIVE | EDINA 5 BR 3 BA | $1,089,000 There's room to roam in this fabulous walk out rambler on .7 acres. Updated center isle kitchen open to family room. New baths. Steve Schmitz 952.484.6045 SMSchmitz@cbburnet.com Best Buildable Lake Lot in Shoreview on Turtle Lake. 2.5 Acreage property with sunrise views, 142 Feet of Lake frontage.