An inside look at some of the expensive houses for sale in Minneapolis

The high-end real estate market in Minneapolis is booming, with a notable $7. 5 million contemporary home on Lake of the Isles exemplifying the luxury options available to affluent buyers. Listing agent Julie Regan highlights the property’s impressive 9,139 square feet and ultra-high-end finishes, which set it apart from older, stately neighbors. As of mid-March, there are over 50 single-family homes priced above $1 million in the city, alongside many multimillion-dollar condos and townhouses. The broader Twin Cities metro area recorded 1,292 sales in the past year at this price point, with a 20% increase in seven-figure sales compared to the previous year.

This demand underscores the rarity and desirability of new constructions like the featured home, which includes state-of-the-art amenities such as a hydraulic elevator and a bowling alley. Regan mentions that the property’s architectural and design investments exceed $600,000, making it a unique opportunity for buyers. The article effectively captures the competitive landscape of the luxury market, highlighting the scarcity of properties priced above $1 million compared to lower-priced homes. As demand continues to rise, the Twin Cities' affluent neighborhoods are poised for further growth in luxury real estate.