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Top Transactions: Whaletail Lake home listed at $3.6M.

Byline: Anne Bretts

Editor's note:The Top Transactions feature focuses on the latest top home sales in the Twin Cities area, as well as noteworthy new listings, new residential developments and housing trends.Finance & Commerce checks certificates of real estate value filed with the Minnesota Department of Revenue as well as data from the Northstar Multiple Listing Service,, county records and other sources.<br />Lake Minnetonka may be better known, but for homebuyers seeking peace and privacy with the convenience of the suburbs, neighboring Whaletail Lake may be worth exploring.<br />For example, a four-bedroom, six-bath, 6,380-square-foot home at 2650 Northview Drive in Minnetrista has been listed for $3.575 million. The sophisticated cottage-style home sits on 40 acres of pristine land edged by 975 feet of shoreline.<br />The difference between this home and the luxury listings on Lake Minnetonka is in its setting. The bigger lake includes more than 14,000 acres lined with homes, restaurants and marinas. Whaletail, which lies northwest of Lake Minnetonka, has 510 acres where the main attractions are crappies and bluegills.<br />"It feels like your own private lake," said Jeff Dewing of Coldwell Banker Burnet, who represents the seller.<br />Indeed, a video tour opens with unbroken views of trees and water, before zooming along a narrow private road leading through the woods to the lake's south shore. The residence includes a main house with a three-car attached garage and a separate two-car garage with a full guest suite above. The wild shoreline doesn't offer a beach, but a sleek lakeside pool offers crystal-clear water for swimming in a landscaped yard designed for entertaining.<br />Dewing declined to identify the seller.<br />"It's a longtime client of mine," he said. "We've done several transactions together and we've become friends."<br />The owners love the property but own residences in other locations.<br />"They're just not spending as much time in Minnesota," he said.<br />Hennepin County lists the owner only as BIF2 LLC, who paid $952,500 in 2013.<br />Dewing notes that the public record doesn't tell the whole story.<br />"They really have an eye for properties," he said. "They just nail the views and settings."<br />In Minnetrista, the original house was built in 1992, but his clients gutted and rebuilt it. The photo tour shows the results, opening with a living and kitchen area highlighted by a sharply angled stone fireplace running up to the soaring roofline. The open space offers room for a loft overlooking the main floor. The home includes a main floor master suite as well as a walkout lower level with entertaining space and two guest bedrooms.<br />Feedback on the listing has been strong, Dewing said. The challenge is that the home is competing with new construction and those big homes on Lake Minnetonka for a limited pool of buyers, Dewing said.<br />"When you're at a point north of $3 million, the air is thinner," Dewing said.<br />[divider]<br />Related:<br /> Video tour of 2650 Northview Drive in Minnetrista<br /> Photo tour of 2650 Northview Drive in Minnetrista<br />

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Publication:Finance and Commerce
Date:Jun 30, 2018
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